Overview
What is Rutland Place Inc?
Rutland Place Inc is a nonprofit organization situated in Mount Juliet, Tennessee, specifically at 435 NW Rutland Road. Its primary mission is to provide a senior independent living facility for individuals aged 55 and above. The organization operates with a team of 69 dedicated individuals, offering an environment that supports the independence of its senior residents. The primary activity of Rutland Place Inc involves leasing units within its senior facility, contributing to the revenue stream of the organization.
Official website here: www.rutlandplaceseniorliving.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Rutland Place Inc has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement within the organization. With a score of 69%, the nonprofit demonstrates some strengths in governance, including a fully independent board and effective audit oversight. However, the score reflects critical weaknesses, particularly in governance policies and financial transparency.
One of the organization's highlights is its strong program expense ratio of 73.14%, suggesting that a large portion of its funds directly supports its mission. Yet, concerns arise from the absence of key policies such as conflict of interest and whistleblower protections, which may undermine accountability. Additionally, a high liabilities to assets ratio of 168.33% raises questions about the organization’s financial stability.
Overall, while Rutland Place Inc shows commitment to its programs, the lack of essential policies and financial management strategies needs to be addressed to enhance trust and accountability among stakeholders. Improvement in these areas will be vital for the organization to bolster its rating and better serve its community.
This AI summary has been generated from information found on Charity Navigator.
Is Rutland Place Inc legitimate?
Rutland Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rutland Place 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: $0
For more financial information, click here
Official website here: www.rutlandplaceseniorliving.com
What is the mission statement of Rutland Place Inc?
Rutland Place Inc's mission is centered around providing independent living facilities for individuals aged 55 and above. The organization's primary goal is to operate and manage these facilities, offering a residential environment that promotes senior independence. While the specifics of the facilities or the services provided are not mentioned, it can be inferred that the organization aims to provide a comfortable and supportive living environment for its senior residents. The revenue for this organization primarily comes from leasing units within the independent living facility.
Official website here: www.rutlandplaceseniorliving.com
Who is the CEO of Rutland Place Inc?
Karen Tucker is the Executive Director of Rutland Place Inc.
Official website here: www.rutlandplaceseniorliving.com
What is the revenue of Rutland Place Inc?
Rutland Place Inc's revenue in 2022 was $3,107,634.
Official website here: www.rutlandplaceseniorliving.com
Who are the executives of Rutland Place Inc and what are their salaries?
There are 69 employees at Rutland Place Inc.
Here are 6 key members and their salaries:
- Compensation: $70,480
- 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: $0
- Other: $0
Official website here: www.rutlandplaceseniorliving.com
Where can I find the form 990 for Rutland Place Inc?
Rutland Place Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rutlandplaceseniorliving.com
Learn more at the official website: www.rutlandplaceseniorliving.com
Mission Statement of Rutland Place Inc
Rutland Place Inc, a notable organization, is committed to operating a senior independent living facility. This facility is intended for individuals who have surpassed the age of 55. The primary objective of Rutland Place Inc is to provide a living space that promotes independence for its elderly residents. The organization generates revenue and manages expenses through leasing units within this independent living facility.
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Impact
July, 2024
Rutland Place Inc's impact lies in providing a supportive and comfortable living environment for individuals over the age of 55 in Mount Juliet, Tennessee. By offering independent living facilities, Rutland Place Inc enables seniors to maintain their autonomy while having access to necessary amenities and a community of peers. This organization plays a vital role in addressing the housing needs of older residents in the area, promoting social connections, and enhancing the overall well-being of its residents.
This information is meant to be a general summary of Rutland Place 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 2022.
- Investment Income: $7,144
- Program Service Revenue: $3,088,590
- Gross Receipts: $3,107,634
Assets and Liabilities:
- Total Assets: $9,215,265
- Total Liabilities: $15,512,809
- Net Assets: -$6,297,544
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTAL REVENU
Revenue
$3,088,590
Organization Details
Founding Year
2003
Principal Officer
Karen Tucker
Main Address
435 NW RUTLAND ROAD, MOUNT JULIET, TN, 37122
NTEE Category
Code: L22 - Housing
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