Overview
What is Marion Senior Living Community?
Marion Senior Living Community is a nonprofit organization situated in Marion, Iowa, specifically at PO Box 572. Their primary mission is to offer affordable housing services for senior citizens, ensuring they can maintain their independence with quality accommodations within their budget. This community is dedicated to providing senior residents with low to moderate incomes with a secure living environment, prioritizing their well-being and comfort.
Official website here: www.marionseniorliving.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
Marion Senior Living Community has received a Three-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The overall score is based entirely on the Accountability & Finance beacon, where the organization scored 76%. This suggests that while they perform well in several areas, there are notable gaps in governance policies that could impact transparency and accountability.
Strengths of the organization include a fully independent board, with 10 out of 10 points awarded for board structure and a solid liabilities to assets ratio of 30.17%. The program expense ratio is impressive at 96.38%, indicating that a significant portion of their expenses is directed towards their mission-related programs. Additionally, they demonstrate good practices in maintaining documentation of board meeting minutes and listing their website on tax forms.
However, the organization lacks several critical policies, including conflict of interest, whistleblower, and document retention policies. These omissions resulted in zero points in those areas, which may raise concerns about the overall governance practices of Marion Senior Living Community. Addressing these gaps could enhance their score and improve trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Marion Senior Living Community legitimate?
Marion Senior Living Community is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marion Senior Living Community 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.marionseniorliving.com
What is the mission statement of Marion Senior Living Community?
The Marion Senior Living Community is committed to providing a mission that caters to senior citizens. Their primary objective is to offer affordable housing services, ensuring independence and quality living for seniors with modest to moderate incomes. Their mission extends beyond just housing, as they aim to deliver comprehensive services that enhance the senior residents' quality of life. The community strives to make housing accessible and affordable, enabling seniors to maintain their independence and dignity.
Official website here: www.marionseniorliving.com
Who is the CEO of Marion Senior Living Community?
Richard Grimm is the President of Marion Senior Living Community.
Official website here: www.marionseniorliving.com
What is the revenue of Marion Senior Living Community?
Marion Senior Living Community's revenue in 2023 was $71,559.
Official website here: www.marionseniorliving.com
Who are the executives of Marion Senior Living Community and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.marionseniorliving.com
Where can I find the form 990 for Marion Senior Living Community?
Marion Senior Living Community's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.marionseniorliving.com
Learn more at the official website: www.marionseniorliving.com
Mission Statement of Marion Senior Living Community
Marion Senior Living Community, a nonprofit organization, is committed to providing a mission of affordability in housing services for senior citizens. Their primary objective is to offer independent and high-quality living accommodations for seniors with modest to low incomes. By doing so, they aim to enhance the living standards of this particular demographic, ensuring they can maintain their independence while residing in a financially suitable environment.
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Impact
August, 2024
Marion Senior Living Community's impact is evident in its provision of affordable housing services for senior citizens in Marion, Iowa. By offering independent, affordable, and quality housing options for seniors with low to moderate incomes, the community plays a vital role in ensuring that this demographic has access to suitable living arrangements. This impact extends beyond just providing housing, as it contributes to the overall well-being and quality of life for seniors in the area.
This information is meant to be a general summary of Marion Senior Living Community. 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 2023.
- Investment Income: $11,984
- Gross Receipts: $74,572
Assets and Liabilities:
- Total Assets: $710,378
- Total Liabilities: $214,340
- Net Assets: $496,038
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Organization Details
Founding Year
1994
Principal Officer
Richard Grimm
Main Address
PO BOX 572, MARION, IA, 52302
Website
www.marionseniorliving.comNTEE Category
Code: L22 - Housing
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