Overview
What is Walker Senior Housing Corporation X?
Walker Senior Housing Corporation X, operating under the name Walker Methodist Lyndale, is a nonprofit organization situated in Minneapolis, Minnesota. Their primary mission is to offer affordable senior living accommodations to individuals aged 62 and above, housing a total of 49 units within the community. The organization's objective is to foster and support the overall well-being and quality of life for its residents. Despite being named after a city in Missouri, Walker Methodist Lyndale is actually based in Minneapolis, Minnesota, and is committed to achieving its purpose by providing this essential service.
Official website here: www.walkermethodist.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%
Walker Senior Housing Corporation X has received a Three-Star out of Four Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The overall score of 81% is derived entirely from their Accountability & Finance metrics, demonstrating a strong commitment to transparency and responsible fiscal practices.
The organization excels in several key areas, such as having a fully independent board and robust financial oversight mechanisms. They have scored maximum points for their conflict of interest policy, whistleblower policy, and document retention strategies, reflecting a strong governance framework. Additionally, the high program expense ratio of 86.70% suggests that a significant portion of their resources is devoted directly to their mission.
However, there is a concern regarding the liabilities to assets ratio, which stands at 148.31%. This figure indicates that the organization may have more liabilities than assets, potentially raising red flags about financial sustainability. While their governance practices are commendable, stakeholders may want to monitor this aspect moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Walker Senior Housing Corporation X legitimate?
Walker Senior Housing Corporation X is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walker Senior Housing Corporation X 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: $119,905
For more financial information, click here
Official website here: www.walkermethodist.org
What is the mission statement of Walker Senior Housing Corporation X?
Walker Senior Housing Corporation X, operating under the name Walker Methodist Lyndale, is dedicated to providing affordable senior living for individuals aged 62 and above. Their primary mission is to foster an environment that enables seniors to live their lives to the fullest. By offering this service, the corporation aligns with its exempt purpose, aiming to make a positive impact on the lives of its residents. While the organization is located in a specific community in Minneapolis, Minnesota, its core mission focuses on the well-being and living experiences of its senior residents.
Official website here: www.walkermethodist.org
Who is the CEO of Walker Senior Housing Corporation X?
Rabbi Israel Wilhelm is the Cfo of Walker Senior Housing Corporation X.
Official website here: www.walkermethodist.org
What is the revenue of Walker Senior Housing Corporation X?
Walker Senior Housing Corporation X's revenue in 2022 was $774,828.
Official website here: www.walkermethodist.org
Who are the executives of Walker Senior Housing Corporation X and what are their salaries?
There 1 volunteer at Walker Senior Housing Corporation X.
Here are 8 key members and their salaries:
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Official website here: www.walkermethodist.org
Where can I find the form 990 for Walker Senior Housing Corporation X?
Walker Senior Housing Corporation X's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.walkermethodist.org
Learn more at the official website: www.walkermethodist.org
Mission Statement of Walker Senior Housing Corporation X
Walker Senior Housing Corporation X, often referred to as Walker Methodist Lyndale, is dedicated to serving the needs of senior adults aged 62 and above. Their primary mission is to offer affordable living accommodations in a nurturing environment, enabling these individuals to fully embrace life's experiences. By providing this essential service, Walker Senior Housing Corporation X aims to fulfill its exempt purpose, promoting the well-being of its elderly residents. Although the organization shares a name with a city in Missouri, it is situated in the vibrant city of Minneapolis, Minnesota.
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Impact
July, 2024
Walker Senior Housing Corporation X, operating as Walker Methodist Lyndale, has a significant impact by providing affordable senior living for adults aged 62 and older in a 49-unit community in Minneapolis, Minnesota. By offering this essential service, they enable seniors to maintain their independence and quality of life in a supportive environment. This initiative addresses the growing need for affordable housing options for seniors, contributing to the well-being and security of this demographic in the community.
This information is meant to be a general summary of Walker Senior Housing Corporation X. 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: $233
- Program Service Revenue: $201,583
- Gross Receipts: $774,828
Assets and Liabilities:
- Total Assets: $3,130,039
- Total Liabilities: $4,642,228
- Net Assets: -$1,512,189
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT FROM RESIDENTS
Revenue
$201,583
Organization Details
Founding Year
1992
Phone
(845) 356-7773Principal Officer
Rabbi Israel Wilhelm
Main Address
2600 Swope Parkway, Kansas City, MO, 64130
Website
www.walkermethodist.orgNTEE Category
Code: L22 - Housing
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