Overview
What is Lacoba Homes Inc?
Lacoba Homes Inc, established as a 72-bed, faith-based nonprofit organization located in Monett, Missouri, primarily focuses on providing skilled nursing and rehabilitation services. Their on-site offerings encompass a wide range of facilities and specialists, including activities, clinical lab, dental care, dietary services, housekeeping, mental health support, nursing care, occupational therapy, pharmacy, physical therapy, physician consultations, podiatry, social work, speech and language pathology, and x-ray services. Their mission is to empower residents in overcoming disabilities or aging-related challenges, enabling them to reach their highest potential. With a dedicated workforce of 185 individuals, Lacoba Homes Inc strives to deliver comprehensive care to its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Stars
Lacoba Homes Inc has received a Three-Star rating from Charity Navigator, reflecting a 79% score in accountability and finance. This rating indicates a solid level of transparency and governance, with 100% of board members being independent. Additionally, the organization demonstrates strong practices in conflict of interest and whistleblower policies, contributing to a robust ethical framework.
The nonprofit shows commendable financial health, evidenced by a low liabilities to assets ratio of 7.28%, which suggests effective management of resources. Furthermore, a program expense ratio of 77.15% indicates that a significant portion of its expenditures is directed towards its programs, which is a positive sign for stakeholders and funders seeking impact.
However, while the organization performs well in critical governance and financial metrics, the overall rating leaves some room for improvement in specific areas that could elevate its performance further. Continued focus on enhancing its operational effectiveness and outreach could enhance its impact in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Lacoba Homes Inc legitimate?
Lacoba Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lacoba Homes 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: $222,656
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,382,051
For more financial information, click here
What is the mission statement of Lacoba Homes Inc?
Lacoba Homes Inc, as a 72-bed, not-for-profit skilled nursing facility affiliated with 28 churches, has a mission to empower its residents after the onset of a disabling disease or the natural aging process. The organization aims to help residents recognize and achieve their highest potential ability. Lacoba offers comprehensive services including activities, clinical lab, dental, dietary, housekeeping, mental health, nursing, occupational therapy, pharmacy, physical therapy, physician, podiatry, social work, speech and language pathology, and X-ray services. For more details, refer to Schedule O.
What is the revenue of Lacoba Homes Inc?
Lacoba Homes Inc's revenue in 2023 was $6,066,263.
Who are the executives of Lacoba Homes Inc and what are their salaries?
The average compensation at Lacoba Homes Inc during 2023 was $13,155. There are 198 employees and 13 volunteers at Lacoba Homes Inc.
Here are 13 key members and their salaries:
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- Compensation: $192,656
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- Other: $30,000
- Compensation: $150,116
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- Other: $22,000
Where can I find the form 990 for Lacoba Homes Inc?
Lacoba Homes Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lacoba Homes Inc
Lacoba Homes Inc, a 72-bed, 28 churches affiliated, not-for-profit skilled nursing facility, is dedicated to helping its residents recognize and achieve their highest potential after the onset of a disabling disease or the natural aging process. The mission of Lacoba Homes Inc is to provide comprehensive skilled nursing and rehabilitation services, encompassing various on-site facilities such as activities, clinical lab, dental, dietary, housekeeping, mental health, nursing, occupational therapy, pharmacy, physical therapy, physician, podiatry, social work, speech and language pathology, and x-ray services. The goal is to support residents in their recovery and overall well-being, enabling them to navigate their challenges and rediscover their capabilities.
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Impact
July, 2024
Lacoba Homes Inc's impact can be seen through its provision of skilled nursing and rehabilitation services to its residents. As a 72-bed facility affiliated with 28 churches, Lacoba Homes Inc is dedicated to enabling residents to recognize and achieve their highest potential ability after the onset of a disabling disease or the natural aging process. Through a range of on-site services including activities, clinical lab, dietary, mental health, occupational therapy, and more, Lacoba Homes Inc plays a crucial role in supporting the health and well-being of its residents in MONETT, MO.
This information is meant to be a general summary of Lacoba Homes 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 2023.
- Investment Income: $249,092
- Program Service Revenue: $5,171,503
- Gross Receipts: $6,082,880
Assets and Liabilities:
- Total Assets: $10,558,763
- Total Liabilities: $769,053
- Net Assets: $9,789,710
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROOM & BOARD
Revenue
$4,547,370
ANCILLARY SERVICES
Revenue
$614,931
MEALS
Revenue
$7,558
OTHER
Revenue
$1,644
Organization Details
Founding Year
1966
Principal Officer
Michael D Baldus
NTEE Category
Code: L22 - Housing
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