Overview
What is Hoopeston Retirement Village Foundation?
The Hoopeston Retirement Village Foundation is a nonprofit organization situated in Hoopeston, Illinois, with a primary focus on the welfare of senior citizens. Their mission encompasses promoting health and well-being among seniors, as well as identifying community needs in Hoopston and the surrounding areas. They operate a nursing home and an independent living complex, providing essential services and facilities for the elderly. With a workforce of 240 dedicated individuals, the Hoopeston Retirement Village Foundation strives to enhance the quality of life for senior citizens within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
Hoopeston Retirement Village Foundation has achieved a solid Three-Star rating from Charity Navigator, reflecting a commendable level of accountability and financial management. The overall score is primarily driven by a strong performance in accountability and finance metrics, indicating the organization’s commitment to transparency and responsible governance.
The foundation's strengths lie in its independent board governance, with all board members being independent and a robust audit and oversight committee in place. This ensures that the foundation operates with integrity, as evidenced by the absence of any material diversion of assets and the implementation of essential policies such as conflict of interest and whistleblower protections.
However, the organization does face some limitations, particularly in its liabilities to assets ratio, where it scored lower. This suggests potential concerns regarding financial stability. Overall, while the foundation demonstrates strong governance practices, stakeholders may want to consider its financial leverage and stability when assessing its long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Hoopeston Retirement Village Foundation legitimate?
Hoopeston Retirement Village Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hoopeston Retirement Village Foundation 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: $3,787,519
For more financial information, click here
What is the mission statement of Hoopeston Retirement Village Foundation?
The Hoopeston Retirement Village Foundation's mission is centered around enhancing the health and well-being of senior citizens. Additionally, the organization is dedicated to identifying and addressing community needs within its surrounding geographic areas. In essence, their mission is to contribute positively to the lives of senior citizens and ensure the well-being of their communities. The Foundation achieves this mission primarily through the operation of a nursing home and independent living complex.
Who is the CEO of Hoopeston Retirement Village Foundation?
Dave Mcfadden is the Director of Hoopeston Retirement Village Foundation.
What is the revenue of Hoopeston Retirement Village Foundation?
Hoopeston Retirement Village Foundation's revenue in 2022 was $6,171,716.
Who are the executives of Hoopeston Retirement Village Foundation and what are their salaries?
The average compensation at Hoopeston Retirement Village Foundation during 2022 was $15,781. There are 240 employees and 5 volunteers at Hoopeston Retirement Village Foundation.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hoopeston Retirement Village Foundation?
Hoopeston Retirement Village Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hoopeston Retirement Village Foundation
The Hoopeston Retirement Village Foundation is dedicated to enhancing the health and well-being of senior citizens, while simultaneously identifying and addressing community needs within its geographic area. By embracing this mission, the organization aims to contribute positively to the lives of seniors, ensuring their overall well-being and quality of life. Furthermore, the Hoopeston Retirement Village Foundation is committed to staying attuned to the needs of its community, working tirelessly to address any challenges or requirements that may arise. This proactive approach to community service sets the foundation apart, allowing it to make a meaningful impact in the lives of its senior citizens.
In pursuit of its mission, the Hoopeston Retirement Village Foundation operates a nursing home and independent living complex. This dual focus allows the organization to cater to the diverse needs of its senior population, offering both residential care and independent living options. By providing these services, the foundation ensures that seniors can maintain their independence and dignity, while also receiving the necessary medical care and support when required. The operation of these facilities is just one aspect of the Hoopeston Retirement Village Foundation's mission, demonstrating its commitment to improving the lives of senior citizens and addressing community needs.
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Impact
July, 2024
Hoopeston Retirement Village Foundation's impact is significant in promoting the health and well-being of senior citizens in Hoopeston, Illinois, and the surrounding areas. By operating a nursing home and independent living complex, the foundation provides essential care and support to elderly individuals in need. Through their activities, they address community needs and contribute to creating a safe and comfortable living environment for seniors. Their focus on housing and healthcare services makes a positive difference in the lives of the elderly population they serve, enhancing their quality of life and overall well-being.
This information is meant to be a general summary of Hoopeston Retirement Village Foundation. 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 2022.
- Investment Income: -$16,612
- Program Service Revenue: $5,862,161
- Gross Receipts: $6,255,583
Assets and Liabilities:
- Total Assets: $7,979,495
- Total Liabilities: $5,710,958
- Net Assets: $2,268,537
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NURSING HOME CHARGES
Revenue
$5,752,004
RENTAL INCOME
Revenue
$110,157
Organization Details
Founding Year
2012
Phone
(217) 283-8847Principal Officer
Dave Mcfadden
Main Address
423 N DIXIE HIGHWAY, HOOPESTON, IL, 60942
NTEE Category
Code: L22 - Housing
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