Overview
What is Terrace Gardens Retirement Center?
Terrace Gardens Retirement Center, Inc., situated in Perryville, Missouri, is a nonprofit organization primarily dedicated to serving the intellectually disabled community. Their mission revolves around providing and maintaining a residence facility for these individuals, ensuring their comfort and well-being. Additionally, they offer caregiver services to cater to the unique needs of their residents, ensuring a supportive environment that fosters their growth and development. With a staff of 34 individuals, Terrace Gardens Retirement Center demonstrates a strong commitment to enriching the lives of those who require specialized care.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
Terrace Gardens Retirement Center has received a 67% score, reflecting a Two-Star rating, which indicates that while the organization meets some standards of accountability and transparency, there are areas for improvement. The high program expense ratio of 91.23% suggests that a significant portion of its funds is directed toward its programs, which is a positive sign of effective resource allocation.
The organization boasts a fully independent board, with 100% of its members being independent, which is crucial for governance and oversight. Additionally, it has demonstrated good practices by documenting board meeting minutes and maintaining a low liabilities-to-assets ratio of 5.79%, indicating financial stability. However, despite these strengths, the overall rating indicates that there may be concerns in other areas that need to be addressed for improved performance.
In summary, while Terrace Gardens Retirement Center shows commendable accountability through independent governance and a strong commitment to program funding, the overall Two-Star rating suggests that stakeholders should consider looking into additional performance metrics and areas for growth.
This AI summary has been generated from information found on Charity Navigator.
Is Terrace Gardens Retirement Center legitimate?
Terrace Gardens Retirement Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Terrace Gardens Retirement Center 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: $78,801
Professional Fundraising Fees: $0
Other Salaries and Wages: $712,738
For more financial information, click here
What is the mission statement of Terrace Gardens Retirement Center?
The Terrace Gardens Retirement Center's mission is centered around providing and maintaining a residence facility for individuals with intellectual disabilities. They also offer caregiver services to ensure the well-being of their residents. The organization aims to create an environment that caters to the unique needs of these individuals, providing them with a safe and supportive living space. By offering caregiver services, they ensure that the residents receive the necessary assistance and care to lead fulfilling lives. The center's mission is to enhance the quality of life for its residents, providing them with a sense of community and care.
Who is the CEO of Terrace Gardens Retirement Center?
Kenneth Anderson is the President of Terrace Gardens Retirement Center.
What is the revenue of Terrace Gardens Retirement Center?
Terrace Gardens Retirement Center's revenue in 2023 was $1,487,246.
Who are the executives of Terrace Gardens Retirement Center and what are their salaries?
The average compensation at Terrace Gardens Retirement Center during 2023 was $23,281. There are 34 employees at Terrace Gardens Retirement Center.
Here are 8 key members and their salaries:
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- Other: $0
- Compensation: $78,801
- Related: $0
- Other: $15,809
Where can I find the form 990 for Terrace Gardens Retirement Center?
Terrace Gardens Retirement Center's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Terrace Gardens Retirement Center
Terrace Gardens Retirement Center, a nonprofit organization, is dedicated to providing and maintaining a residence facility for individuals with intellectual disabilities. Its mission is to offer caregiver services to these residents, ensuring their well-being and comfort within the center. The organization's primary role is to create an environment that caters to the unique needs of intellectually disabled individuals, offering them a safe and nurturing home. This mission is carried out with the utmost care and dedication, aiming to enhance the quality of life for each resident.
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Impact
July, 2024
Terrace Gardens Retirement Center in Perryville, MO provides a vital residence facility for intellectually disabled individuals. By offering caregiver services and a supportive environment, Terrace Gardens plays a crucial role in enhancing the quality of life for its residents. This impact is invaluable as it helps to ensure that this segment of the community receives the care and support they need to thrive.
This information is meant to be a general summary of Terrace Gardens Retirement Center. 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: $11,543
- Program Service Revenue: $1,463,515
- Gross Receipts: $1,487,942
Assets and Liabilities:
- Total Assets: $1,617,706
- Total Liabilities: $93,759
- Net Assets: $1,523,947
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROOM REVENUE
Revenue
$1,463,515
Organization Details
Founding Year
1989
Phone
(573) 547-7170Principal Officer
Kenneth Anderson
Main Address
1308 CECELIA, PERRYVILLE, MO, 63775
NTEE Category
Code: P700 - Human services
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