Overview
What is Glacial Ridge Hospital Foundation?
Glacial Ridge Hospital Foundation is a nonprofit organization located in Glenwood, Minnesota. Its primary objective is to support Glacial Ridge Hospital District and manage Ridgewood Villa, an independent living center for individuals aged 55 and above. The Villa offers comfortable and independent living with amenities such as home-cooked meals, lounge areas, a chapel, and various social activities. The foundation operates at a capacity of 79.3%, with 46 units occupied during the 2022 fiscal year. Residents can opt for additional services like home healthcare, laundry, grocery delivery, and personal alarm medallions. The foundation also provides access to a wellness center, pharmacy, and gift shop. Its mission is to develop and administer programs to generate financial resources through voluntary donations for special projects within the Glacial Ridge Hospital District and other organizations.
Official website here: www.glacialridge.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
The Glacial Ridge Hospital Foundation has achieved a Three-Star rating from Charity Navigator, reflecting a moderate level of accountability and financial health. With a score of 75%, the foundation demonstrates notable strengths, particularly in its board governance, where 83% of board members are independent, and it has a solid program expense ratio of 97.68%, indicating that the majority of its funds are directed towards its programs.
However, the organization does have some areas for improvement. Notably, it lacks a conflict of interest policy and a whistleblower policy, both of which are important for transparency and good governance. Additionally, the foundation's financial oversight could be enhanced, as evidenced by a high liabilities to assets ratio of 67.50%, which may raise concerns about its financial stability.
Overall, while the Glacial Ridge Hospital Foundation shows a commitment to its mission through its funding allocations, addressing its governance policy gaps and improving its financial ratios could strengthen its overall effectiveness and credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Glacial Ridge Hospital Foundation legitimate?
Glacial Ridge Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Glacial Ridge Hospital Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $116,483
For more financial information, click here
Official website here: www.glacialridge.org
What is the mission statement of Glacial Ridge Hospital Foundation?
The Glacial Ridge Hospital Foundation's mission involves developing and administering programs to provide financial resources through voluntary giving for special projects. This is primarily done for the Glacial Ridge Hospital and the Glacial Ridge Hospital District, as well as other organizations. The main program of the foundation is the operation of Ridgewood Villa, an independent living center for residents aged 55 and above. The Villa offers residents the freedom to live independently while providing numerous comforts and opportunities for social interaction. The facility is equipped with state-of-the-art fire protection and secure entries. For the fiscal year ending September 30, 2022, Ridgewood Villa had 46 units occupied and operated at 79.3% capacity. The monthly rent includes meals, use of various facilities, and the option to purchase additional services. Standard and deluxe one- and two-bedroom apartments are available for rental.
Official website here: www.glacialridge.org
Who is the CEO of Glacial Ridge Hospital Foundation?
Kirk Stensrud is the Ceo of Glacial Ridge Hospital Foundation. The CEO's salary of Glacial Ridge Hospital Foundation is $0 and their total compensation is $317,150.
Official website here: www.glacialridge.org
What is the revenue of Glacial Ridge Hospital Foundation?
Glacial Ridge Hospital Foundation's revenue in 2022 was $1,165,670.
Official website here: www.glacialridge.org
Who are the executives of Glacial Ridge Hospital Foundation and what are their salaries?
There 26 volunteers at Glacial Ridge Hospital Foundation.
Here are 8 key members and their salaries (Glacial Ridge Hospital Foundation's CEO's salary is $0 and their total compensation is $317,150):
- Compensation: $0
- Related: $284,398
- Other: $32,752
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $160,755
- Other: $17,429
- Compensation: $0
- Related: $87,521
- Other: $14,763
Official website here: www.glacialridge.org
Where can I find the form 990 for Glacial Ridge Hospital Foundation?
Glacial Ridge Hospital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.glacialridge.org
Learn more at the official website: www.glacialridge.org
Mission Statement of Glacial Ridge Hospital Foundation
Glacial Ridge Hospital Foundation is an organization dedicated to supporting Glacial Ridge Hospital District and operating Ridgewood Villa. Their mission is to develop and administer programs that generate financial resources through voluntary giving for special projects of the Glacial Ridge Hospital and Glacial Ridge Hospital District, as well as other organizations. This nonprofit's primary program is the operation of Ridgewood Villa, an independent living center for seniors aged 55 and above. Located in Glenwood, MN, Ridgewood Villa offers residents the freedom to live independently while providing various comforts and opportunities for social interaction. The facility is equipped with modern safety features and is conveniently situated near Glacial Ridge Health System.
The main focus of Glacial Ridge Hospital Foundation's mission is the operation of Ridgewood Villa, which houses 59 units for rent. Residents enjoy meals, housekeeping, and various activities, including social gatherings, bingo, and card games. The foundation also provides additional services, such as home health care, laundry, grocery delivery, and personal alarm medallions. Ridgewood Villa operates at a high capacity, offering a comfortable and convenient living environment for its residents. With its commitment to voluntary giving, Glacial Ridge Hospital Foundation aims to support the Glacial Ridge Hospital District in providing high-quality healthcare and living facilities for the community.
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Impact
July, 2024
The Glacial Ridge Hospital Foundation's impact is felt through its support of the Glacial Ridge Hospital District and the operation of the Ridgewood Villa independent living center in Glenwood, MN. Ridgewood Villa provides residents aged 55 and above with the freedom to live independently while enjoying many comforts of home and opportunities to socialize. The facility offers various amenities, including meals, common lounges, a library, chapel, game room, and organized activities, enhancing the quality of life for its residents. Additionally, residents have the option to purchase additional services like home health care, laundry, and grocery delivery, among others. The foundation plays a vital role in ensuring the smooth operations of Ridgewood Villa and supporting the Glacial Ridge Health System's mission to provide comprehensive healthcare services to the community.
This information is meant to be a general summary of Glacial Ridge Hospital Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $1,155,409
- Gross Receipts: $1,236,434
Assets and Liabilities:
- Total Assets: $8,586,027
- Total Liabilities: $6,035,376
- Net Assets: $2,550,651
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RIDGEWOOD VILLA APARTM
Revenue
$918,194
WELLNESS CENTER
Revenue
$152,256
CABLE TV
Revenue
$16,445
ENTRANCE FEES
Revenue
$8,625
Organization Details
Founding Year
1986
Phone
(320) 634-4521Principal Officer
Kirk Stensrud
Main Address
7 4TH AVE SE, GLENWOOD, MN, 56334
Website
www.glacialridge.orgNTEE Category
Code: P75Z - Human services
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