Overview
What is Benjamin Hershey Convalescent Home?
The Benjamin Hershey Convalescent Home is a nonprofit organization located at 1808 Mulberry Avenue, Muscatine, Iowa 52761. They specialize in providing housing for the elderly and disabled community, operating a 50-unit apartment complex under Section 209 of the National Housing Act. Regulated by the U.S. Department of Housing and Urban Development, their occupancy rate during the tax period was 86%, with all units occupied by elderly and disabled tenants. Their mission is to offer a living space for the elderly and disabled residents of Hershey Manor.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating.
The Benjamin Hershey Convalescent Home is noted for its strong governance, with 100% of its board members being independent and a well-managed audit and oversight committee. The organization demonstrates significant commitment in areas such as program expenses, allocating over 82% of its budget directly to programs. This indicates effective use of funds in fulfilling its mission.
However, the nonprofit faces challenges in financial transparency, highlighted by a liabilities to assets ratio of 88.67%, which raises concerns about its fiscal health. Additionally, the organization lacks important policies and documentation, including a conflict of interest policy, a whistleblower policy, and proper website listings of its tax forms. These limitations suggest areas for improvement in governance and transparency, which could enhance trust and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Benjamin Hershey Convalescent Home legitimate?
Benjamin Hershey Convalescent Home is a legitimate nonprofit organization registered as a 501(c)(3) entity. Benjamin Hershey Convalescent Home 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:
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What is the mission statement of Benjamin Hershey Convalescent Home?
The Benjamin Hershey Convalescent Home's mission is centered around providing housing for elderly and disabled individuals. This mission is carried out through the operation of a 50-unit apartment complex, which is regulated by the U.S. Department of Housing and Urban Development under Section 209 of the National Housing Act. The home ensures an occupancy rate of 86%, with all units being occupied by elderly and disabled tenants. The primary goal of this institution is to offer a living space that caters to the needs of this specific demographic, thereby enhancing their quality of life.
Who is the CEO of Benjamin Hershey Convalescent Home?
John Eichelberger is the President of Benjamin Hershey Convalescent Home.
What is the revenue of Benjamin Hershey Convalescent Home?
Benjamin Hershey Convalescent Home's revenue in 2022 was $492,516.
Who are the executives of Benjamin Hershey Convalescent Home and what are their salaries?
There 8 volunteers at Benjamin Hershey Convalescent Home.
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Where can I find the form 990 for Benjamin Hershey Convalescent Home?
Benjamin Hershey Convalescent Home's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Benjamin Hershey Convalescent Home
The Benjamin Hershey Convalescent Home, as a nonprofit organization, is dedicated to providing housing for the elderly and disabled residents. Its mission is to offer a welcoming and supportive environment for these individuals, ensuring they have a place to call home. The home operates a 50-unit apartment complex, regulated by the U.S. Department of Housing and Urban Development under Section 209 of the National Housing Act. During the tax period, the occupancy rate was 86%, with all units being occupied by elderly and disabled tenants. The home's commitment to housing for this specific demographic demonstrates its dedication to supporting and empowering these individuals, providing them with a sense of security and belonging.
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Impact
July, 2024
The Benjamin Hershey Convalescent Home's impact is significant in providing housing for the elderly and disabled residents of Hershey Manor in Muscatine, Iowa. Through its 50-unit apartment complex operated under Section 209 of the National Housing Act and regulated by the U.S. Department of Housing and Urban Development, the convalescent home offers a vital resource for the community. With an occupancy rate of 86% during the tax period, all housing units were occupied by elderly and disabled tenants, demonstrating the organization's commitment to fulfilling its mission of providing essential housing services to those in need.
This information is meant to be a general summary of Benjamin Hershey Convalescent Home. 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: $1,915
- Program Service Revenue: $457,551
- Gross Receipts: $492,516
Assets and Liabilities:
- Total Assets: $1,808,832
- Total Liabilities: $1,405,849
- Net Assets: $402,983
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$286,602
HOUSING RENTAL INCOME
Revenue
$166,162
LAUNDRY SERVICE
Revenue
$4,787
Organization Details
Founding Year
1902
Phone
(563) 263-7292Principal Officer
John Eichelberger
Main Address
1808 MULBERRY AVENUE, MUSCATINE, IA, 52761
NTEE Category
Code: L22 - Housing
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