Overview
What is Martin Luther Home Corporation?
Martin Luther Home Corporation is a nonprofit organization situated in Dubuque, Iowa. With a team of 385 dedicated employees, they operate two retirement community campuses. The first campus in Dubuque comprises a nursing facility with 103 beds, including 16 Alzheimer's units, and 33 independent living apartments. The second campus, Asbury, houses a 32-bed nursing facility, 50 assisted living beds, 34 of which are for residents with dementia, and 48 independent living town homes. This compassionate organization is committed to providing essential healthcare and related services for aging persons, regardless of their ability to pay.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Martin Luther Home Corporation has received a Three-Star rating from Charity Navigator, indicating a generally positive evaluation of its performance. With an overall score of 79%, the organization demonstrates strong accountability and financial practices, particularly highlighted by its 100% independent board members and a solid program expense ratio of 90.32%. This signifies that the majority of its expenditures are directed toward its programs and services.
The nonprofit exhibits robust governance features, including a conflict of interest policy and a whistleblower policy, both of which are important for maintaining transparency and ethical management. The organization also has an effective audit and oversight committee, which further supports its financial integrity.
While the rating reflects several organizational strengths, it leaves room for improvement in overall performance metrics, as it is positioned at the lower end of the four-star scale. Continued efforts to enhance financial management and program effectiveness could elevate its standing in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Martin Luther Home Corporation legitimate?
Martin Luther Home Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Martin Luther Home Corporation 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: $165,283
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,477,965
For more financial information, click here
What is the mission statement of Martin Luther Home Corporation?
The Martin Luther Home Corporation is dedicated to providing healthcare and related services for aging individuals, irrespective of their financial ability to pay. The organization's mission is to ensure that elderly persons receive the necessary care they need to live comfortably. They operate two retirement community campuses, each offering various levels of care. One campus includes nursing beds for those requiring more extensive care, Alzheimer's units, and independent living apartments. The other campus comprises a nursing facility, assisted living facilities for individuals with dementia, and independent living town homes. The corporation's commitment is to serve aging populations with compassion, promoting their well-being and improving their quality of life.
Who is the CEO of Martin Luther Home Corporation?
Bill Brown is the President of Martin Luther Home Corporation.
What is the revenue of Martin Luther Home Corporation?
Martin Luther Home Corporation's revenue in 2021 was $14,457,521.
Who are the executives of Martin Luther Home Corporation and what are their salaries?
The average compensation at Martin Luther Home Corporation during 2021 was $22,450. There are 385 employees and 35 volunteers at Martin Luther Home Corporation.
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- Compensation: $165,283
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- Other: $32,882
Where can I find the form 990 for Martin Luther Home Corporation?
Martin Luther Home Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Martin Luther Home Corporation
Martin Luther Home Corporation, a dedicated nonprofit organization, is committed to providing healthcare and related services for aging persons, irrespective of their ability to pay for these services. In essence, this compassionate organization prioritizes the well-being of the elderly population, ensuring they receive the necessary care and support they deserve.
Martin Luther Home Corporation operates two vibrant campuses that cater to the unique needs of aging individuals. These campuses offer a comprehensive range of services, including nursing facilities and assisted living accommodations. At one campus, there are 103 nursing beds, 16 of which are dedicated Alzheimer's units, and 33 independent living apartments. The other campus houses a 32-bed nursing facility, 50 licensed beds for assisted living, and 48 independent living town homes for those who require minimal assistance.
The organization's unwavering mission is to make a significant difference in the lives of the elderly, regardless of their financial circumstances. By providing top-notch healthcare services and various living arrangements, Martin Luther Home Corporation enables aging individuals to maintain their dignity and independence while receiving the care they need. The nonprofit's compassionate approach sets it apart, fostering a sense of community and ensuring that every resident feels valued and supported throughout their journey.
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Impact
October, 2024
Martin Luther Home Corporation significantly enhances the quality of life for aging individuals in Dubuque, Iowa, by providing essential healthcare and supportive services, regardless of residents' financial situations. The organization operates two retirement community campuses that offer a range of accommodations and specialized care.
In Dubuque, the facility includes 103 nursing beds, with designated units for Alzheimer’s patients, enabling tailored care for those with specific needs. Independent living options, such as 33 apartments, cater to seniors who seek autonomy while benefiting from available healthcare services.
The Asbury campus further extends its impact by maintaining a 32-bed nursing facility and 50 licensed assisted living beds, including 34 for residents with dementia. Additionally, it offers 48 independent living townhomes, promoting an active and engaged lifestyle for seniors.
Overall, Martin Luther Home Corporation plays a vital role in the community by ensuring that aging individuals receive the necessary care and support, fostering dignity and well-being in their golden years.
This information is meant to be a general summary of Martin Luther Home Corporation. 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 2021.
- Investment Income: $1,214
- Program Service Revenue: $13,663,128
- Gross Receipts: $14,457,521
Assets and Liabilities:
- Total Assets: $31,205,547
- Total Liabilities: $32,407,160
- Net Assets: -$1,201,613
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROUTINE CARE SERVICES
Revenue
$13,455,529
ANCILLARY SERVICES
Revenue
$207,599
Organization Details
Founding Year
1949
Phone
(563) 588-1413Principal Officer
Bill Brown
Main Address
3131 HILLCREST, DUBUQUE, IA, 52001
NTEE Category
Code: E91 - Health
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