Overview
What is Minnesota Masonic Home Cluster Homes?
Minnesota Masonic Home Cluster Homes is a nonprofit organization situated in Bloomington, Minnesota. They own and manage 56 residential units, offering specialized living and care services for elderly individuals aged 55 and above, who do not require nursing home admission. The organization boasts a high occupancy rate of 99% for 2022. Minnesota Masonic Charities and its affiliates have a primary mission to aid and assist various entities and causes, guided by Masonic principles. They provide financial aid to non-profit organizations offering nursing care and elderly housing facilities, community, health, social services, and education for the elderly. Additionally, they support research and activities related to treating and curing diseases, aid students in obtaining higher education, preserve historical knowledge about Masonry, and engage in charitable causes benefiting various organizations. Minnesota Masonic Home Cluster Homes' primary focus is on providing housing and services for the elderly, ensuring their well-being and quality of life in their dedicated facilities.
Official website here: www.mnmasonichomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Minnesota Masonic Home Cluster Homes has received a strong rating of 96%, reflecting its commitment to accountability and financial transparency. This high score is based entirely on its performance in the Accountability & Finance beacon, indicating that it adheres to rigorous standards of financial management and ethical governance. The organization boasts a fully independent board, with 100% of its members meeting independence criteria, which enhances its credibility and trustworthiness.
The organization excels in several key areas, including its financial statements, which are subject to oversight by an Audit and Oversight Committee. Additionally, it has implemented policies for conflict of interest, whistleblower protections, and document retention, all of which contribute to sound governance practices. Its low liabilities to assets ratio of 6.50% and a program expense ratio of 82.42% signify that a substantial portion of its resources is dedicated to its mission-driven programs.
While the rating showcases the nonprofit's strengths in governance and financial responsibility, potential donors and supporters may want to consider how these practices translate into direct impact on the community served. The absence of qualitative feedback in this data means that understanding the broader effectiveness of their programs may require further inquiry beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota Masonic Home Cluster Homes legitimate?
Minnesota Masonic Home Cluster Homes is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Masonic Home Cluster Homes 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: $35,802
For more financial information, click here
Official website here: www.mnmasonichomes.org
What is the mission statement of Minnesota Masonic Home Cluster Homes?
Minnesota Masonic Home Cluster Homes, guided by Masonic principles, aims to assist elderly individuals by providing financial or other support to non-profit organizations that offer nursing care facilities, elderly housing, community services, health programs, and education for the elderly. Additionally, they promote research and activities related to treating and curing cancer, childhood language disorders, and various maladies affecting youth. They also support students in obtaining higher education and preserve historical knowledge about Masonry in Minnesota. Lastly, they engage in and advance charitable causes that aid and assist organizations exempt from federal income taxes.
Official website here: www.mnmasonichomes.org
Who is the CEO of Minnesota Masonic Home Cluster Homes?
Eric J Neetenbeek is the President/Ceo-Charities of Minnesota Masonic Home Cluster Homes. The CEO's salary of Minnesota Masonic Home Cluster Homes is $0 and their total compensation is $465,126.
Official website here: www.mnmasonichomes.org
What is the revenue of Minnesota Masonic Home Cluster Homes?
Minnesota Masonic Home Cluster Homes's revenue in 2022 was $1,530,711.
Official website here: www.mnmasonichomes.org
Who are the executives of Minnesota Masonic Home Cluster Homes and what are their salaries?
There 14 volunteers at Minnesota Masonic Home Cluster Homes.
Here are 24 key members and their salaries (Minnesota Masonic Home Cluster Homes's CEO's salary is $0 and their total compensation is $465,126):
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- Related: $430,564
- Other: $34,562
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- Related: $211,895
- Other: $33,710
- Compensation: $0
- Related: $226,124
- Other: $25,743
Official website here: www.mnmasonichomes.org
Where can I find the form 990 for Minnesota Masonic Home Cluster Homes?
Minnesota Masonic Home Cluster Homes's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mnmasonichomes.org
Learn more at the official website: www.mnmasonichomes.org
Mission Statement of Minnesota Masonic Home Cluster Homes
Minnesota Masonic Home Cluster Homes is dedicated to aiding elderly individuals, guided by the Masonic principles of brotherly love, relief, and truth. The organization achieves this mission by providing financial or other assistance to non-profit entities that offer nursing care facilities and elderly housing, as well as community, health, social services, and education programs for the elderly. Moreover, Minnesota Masonic Home Cluster Homes supports research and activities related to cancer, childhood language disorders, and other physical, emotional, and mental maladies of youth. In addition, the organization assists students in obtaining higher education and collects, preserves, and disseminates historical knowledge about Masonry in Minnesota. Finally, Minnesota Masonic Home Cluster Homes engages in and advances various charitable causes and projects that aid, assist, and contribute to the support of corporations, trusts, associations, and foundations that are exempt from federal income taxes.
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Impact
July, 2024
Minnesota Masonic Home Cluster Homes provides a vital service by offering housing and specialized care for elderly individuals over 55 who do not require nursing home admission. With an impressive occupancy rate of 99% in 2022, the organization plays a crucial role in ensuring the well-being and comfort of senior citizens in Bloomington, Minnesota. Through its dedicated mission guided by Masonic principles, Minnesota Masonic Home Cluster Homes positively impacts the lives of elderly residents by providing a safe and supportive living environment tailored to their needs.
This information is meant to be a general summary of Minnesota Masonic Home Cluster Homes. 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.
- Investment Income: $9
- Program Service Revenue: $1,477,030
- Gross Receipts: $1,530,711
Assets and Liabilities:
- Total Assets: $5,827,899
- Total Liabilities: $379,218
- Net Assets: $5,448,681
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT RENTS
Revenue
$1,477,030
Organization Details
Founding Year
1992
Phone
(952) 948-7000Principal Officer
Eric J Neetenbeek
Main Address
11501 MASONIC HOME DRIVE, BLOOMINGTON, MN, 55437
Website
www.mnmasonichomes.orgNTEE Category
Code: L22Z - Housing
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