Overview
What is The Homestead At Montrose Inc?
The Homestead At Montrose Inc, founded in 1896, is a nonprofit, faith-based organization situated in Eden Prairie, MN. With a focus on compassionate care, they offer healthcare and assisted living services specifically catering to the needs of seniors and individuals with disabilities in Colorado. The organization's mission involves providing essential support and living arrangements, demonstrating a longstanding commitment to this community.
Official website here: www.voaseniorliving.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Homestead At Montrose Inc has received an 81% rating from Charity Navigator, reflecting a solid level of accountability and financial management. This score is based entirely on their Accountability & Finance metrics, indicating strong oversight and transparency in their operations.
One of the organization's notable strengths is its governance, with 93% of board members being independent. The board's size and the presence of an audit and oversight committee further enhance its credibility. Additionally, the organization has a high program expense ratio of approximately 94%, suggesting that a significant portion of its funds is allocated directly to its mission-related activities.
Despite the positive attributes highlighted in the rating, the overall score is derived from a single beacon score, which may limit the comprehensive assessment of the organization's impact beyond financial metrics. Nonetheless, the absence of material asset diversion and the presence of clear policies on conflicts of interest and whistleblowing demonstrate a commitment to ethical practices and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is The Homestead At Montrose Inc legitimate?
The Homestead At Montrose Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Homestead At Montrose Inc 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: $993,209
For more financial information, click here
Official website here: www.voaseniorliving.org
What is the mission statement of The Homestead At Montrose Inc?
The Homestead At Montrose Inc, as a nonprofit organization, is dedicated to offering healthcare and assisted living services for seniors and individuals with disabilities. Established in 1896, this faith-based entity's mission is to provide a supportive environment that enhances the quality of life for its residents. While specific mission details are not provided, it can be inferred that their goal is to promote well-being, independence, and dignity for all individuals under their care.
Official website here: www.voaseniorliving.org
What is the revenue of The Homestead At Montrose Inc?
The Homestead At Montrose Inc's revenue in 2024 was $2,767,156.
Official website here: www.voaseniorliving.org
Who are the executives of The Homestead At Montrose Inc and what are their salaries?
The average compensation at The Homestead At Montrose Inc during 2024 was $24,225. There are 41 employees and 14 volunteers at The Homestead At Montrose Inc.
Here are 24 key members and their salaries:
- Compensation: $0
- Related: $645,785
- Other: $179,300
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- Compensation: $0
- Related: $340,552
- Other: $108,473
- Compensation: $0
- Related: $432,820
- Other: $72,837
- Compensation: $0
- Related: $258,187
- Other: $40,162
- Compensation: $0
- Related: $167,386
- Other: $17,712
- Compensation: $0
- Related: $180,262
- Other: $95,108
- Compensation: $0
- Related: $138,895
- Other: $20,965
- Compensation: $0
- Related: $215,519
- Other: $4,998
- Compensation: $0
- Related: $290,542
- Other: $26,987
- Compensation: $0
- Related: $257,555
- Other: $93,643
Official website here: www.voaseniorliving.org
Where can I find the form 990 for The Homestead At Montrose Inc?
The Homestead At Montrose Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.voaseniorliving.org
Learn more at the official website: www.voaseniorliving.org
Mission Statement of The Homestead At Montrose Inc
The Homestead At Montrose, a nonprofit organization established in 1896, is committed to providing healthcare and assisted living services for seniors and individuals with disabilities. Situated in an undisclosed location, this faith-based organization, affiliated with Volunteers of America, extends its services with a mission to support the well-being of its elderly and disabled community members. The organization's activities are geared towards enhancing the quality of life for its residents, offering them a sanctuary where they can age gracefully and receive the care they require.
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Impact
July, 2024
The Homestead At Montrose Inc, through its healthcare and assisted living services, has made a significant impact on the lives of seniors and individuals with disabilities in Colorado. Its long-standing presence since 1896 underscores its commitment to providing quality care and support to those in need. The organization's dedication to community improvement is evident in the services it offers, which have a positive influence on the well-being and quality of life of its residents.
This information is meant to be a general summary of The Homestead At Montrose Inc. 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 2024.
- Investment Income: $52,604
- Program Service Revenue: $2,713,228
- Gross Receipts: $2,767,156
Assets and Liabilities:
- Total Assets: $6,460,112
- Total Liabilities: $10,674,300
- Net Assets: -$4,214,188
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HEALTH/ASST. LIVING
Revenue
$1,942,960
OTHER REVENUE
Revenue
$764,479
DIETARY REVENUE
Revenue
$5,789
Organization Details
Founding Year
2000
Principal Officer
Joseph Budzynski
Website
www.voaseniorliving.orgNTEE Category
Code: S80 - Community improvement
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