Overview
What is Madrid Home For The Aging?
The Madrid Home For The Aging is a nonprofit organization located in Cedar Falls, Iowa, at 5307 Caraway Lane. They provide long-term care services to approximately 300 individuals annually, offering various levels of care including 88 nursing home beds, 61 independent living apartments, and 85 assisted living units. The organization employs around 226 full and part-time employees to ensure the delivery of these services. Madrid Home For The Aging demonstrates commitment to charitable causes by assisting individuals in their assisted living program who cannot pay for the services through their Acts Fund. This assistance was extended to 9 individuals during the year. The mission of Madrid Home For The Aging is to offer older adults compassionate support and choices in surroundings that resemble home.
Official website here: www.madridhome.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
Madrid Home For The Aging has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The overall score is derived entirely from its accountability metrics, indicating a strong emphasis on financial integrity and operational transparency, which is crucial for donor trust and engagement.
The organization exhibits noteworthy strengths, including a perfect score on financial statements and oversight, confirming that it maintains rigorous auditing practices. Additionally, it has demonstrated no material diversion of assets, and it effectively communicates its policies on conflicts of interest and whistleblower protection, further enhancing its credibility.
However, while the accountability score is commendable, the reliance on a single beacon score may limit a more comprehensive understanding of the nonprofit's overall effectiveness and impact. Potential donors and stakeholders might benefit from exploring additional performance metrics to gain insight into the organization's programmatic outcomes and community engagement efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Madrid Home For The Aging legitimate?
Madrid Home For The Aging is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madrid Home For The Aging 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: $137,459
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,818,381
For more financial information, click here
Official website here: www.madridhome.com
What is the mission statement of Madrid Home For The Aging?
Madrid Home for the Aging is dedicated to providing older adults with compassionate care and supportive environments that feel like home. Following Christ's example of humble service, the community strives to offer each resident the choices they need to ensure their well-being. Madrid Home for the Aging provides long-term care services to approximately 300 individuals annually, offering various levels of care including nursing home beds, independent living apartments, and assisted living units. A team of around 250 full and part-time employees works to deliver these services, with the organization also extending assistance to individuals in its assisted living program who cannot afford the services through the ACTS Fund. The focus is on resident-centered care that emphasizes residents' preferences, just as they would expect in their own homes.
Official website here: www.madridhome.com
Who is the CEO of Madrid Home For The Aging?
Catherine Meier is the Chair of Madrid Home For The Aging.
Official website here: www.madridhome.com
What is the revenue of Madrid Home For The Aging?
Madrid Home For The Aging's revenue in 2020 was $12,458,535.
Official website here: www.madridhome.com
Who are the executives of Madrid Home For The Aging and what are their salaries?
The average compensation at Madrid Home For The Aging during 2020 was $21,928. There are 226 employees and 40 volunteers at Madrid Home For The Aging.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $366,604
- Other: $64,427
- Compensation: $0
- Related: $211,611
- Other: $37,540
- Compensation: $0
- Related: $183,708
- Other: $48,662
- Compensation: $0
- Related: $22,582
- Other: $28
- Compensation: $108,785
- Related: $0
- Other: $28,674
Official website here: www.madridhome.com
Where can I find the form 990 for Madrid Home For The Aging?
Madrid Home For The Aging's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.madridhome.com
Learn more at the official website: www.madridhome.com
Mission Statement of Madrid Home For The Aging
Madrid Home For The Aging is a non-profit community dedicated to following Christ's example of humble service by providing older adults with the choices and compassionate support they need in surroundings that feel like home. The mission of this organization is focused on offering each resident a sense of comfort and independence, allowing them to make their own decisions while receiving attentive care.
Madrid Home For The Aging offers various levels of care for approximately 300 older adults annually. This includes 88 licensed nursing home beds, 61 independent living apartments, and 85 assisted living units. With a team of around 250 full and part-time employees, the community strives to prioritize the well-being of its residents. Madrid Home For The Aging also extends its commitment to charity by providing assistance to individuals in its assisted living program who lack the resources to pay for the services provided. This is accomplished through the organization's Acts Fund, which served 9 residents during the year.
Madrid Home For The Aging is committed to improving its delivery of services, emphasizing resident-centered care that caters to each individual's preferences, just as they would expect in their own homes. The focus on individual choices and compassionate support creates an environment where older adults can feel at ease and enjoy their golden years with dignity.
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Impact
October, 2024
Madrid Home For The Aging significantly enhances the quality of life for older adults by providing them with a nurturing and supportive environment. Serving approximately 300 individuals annually, it offers a range of care options—including 88 licensed nursing home beds, 61 independent living apartments, and 85 assisted living units—ensuring that the diverse needs of its residents are met.
The organization prioritizes a resident-centered approach, emphasizing personal preferences and comfort to make the community feel more like home. Its compassionate support extends to those who may struggle financially, with assistance available through the ACTS Fund, which benefited nine individuals last year. This commitment to charity not only underscores the organization’s mission but also reflects its dedication to inclusivity and empathy.
With a dedicated workforce of around 250 full- and part-time employees, Madrid Home ensures that care is delivered consistently throughout the year, fostering an atmosphere of hope, dignity, and respect. By striving to follow principles of humble service, Madrid Home creates an environment where older adults can thrive, maintaining their dignity and sense of agency in their daily lives. The overall impact involves not just physical care, but also emotional and social well-being, allowing residents to live their later years in comfort and community.
This information is meant to be a general summary of Madrid Home For The Aging. 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 2020.
- Investment Income: $57,898
- Program Service Revenue: $11,544,076
- Gross Receipts: $12,458,535
Assets and Liabilities:
- Total Assets: $24,780,099
- Total Liabilities: $11,037,241
- Net Assets: $13,742,858
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NURSING/ILF/ALF
Revenue
$9,277,805
ANCILLARY REVENUE
Revenue
$2,266,271
Organization Details
Founding Year
1978
Phone
(515) 795-3007Principal Officer
Catherine Meier
Main Address
5307 CARAWAY LANE, CEDAR FALLS, IA, 50613
Website
www.madridhome.comNTEE Category
Code: L80 - Housing
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