Overview
What is Mathison Retirement Community?
Mathison Retirement Community is a nonprofit organization situated in Birmingham, Alabama, with an additional assisted living facility in Panama City, Florida. Their primary goal is to provide affordable housing for the elderly and individuals with disabilities. With a workforce of 92 dedicated individuals, they offer a 74-unit residential facility in Florida, catering specifically to this demographic. The community aims to enhance the living standards of its residents by providing a supportive and budget-friendly environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Mathison Retirement Community has achieved a Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. The organization scored exceptionally well in the Accountability & Finance category, earning a perfect score in several key areas, including the independence of its board members and financial oversight mechanisms. This high rating reflects a solid foundation of governance and transparency.
Strengths of Mathison Retirement Community include its fully independent board and comprehensive conflict of interest and whistleblower policies. The organization also demonstrates a robust program expense ratio of 92.90%, which suggests that the majority of its resources are allocated directly to its programs, maximizing the impact of its services for residents. The effective management of assets, evidenced by its favorable liabilities to assets ratio, further illustrates the organization’s financial stability.
While the feedback does not highlight specific limitations, the organization’s strong financial practices and governance policies are commendable. Overall, Mathison Retirement Community stands out as a well-managed nonprofit dedicated to providing quality services to its community.
This AI summary has been generated from information found on Charity Navigator.
Is Mathison Retirement Community legitimate?
Mathison Retirement Community is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mathison Retirement 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: $1,436,774
For more financial information, click here
What is the mission statement of Mathison Retirement Community?
The Mathison Retirement Community is dedicated to providing an affordable housing solution for the elderly and handicapped individuals. Their primary mission is to offer a living environment that is within financial reach for these groups, ensuring they have a suitable place to reside. This community operates as a seventy-four unit assisted living facility, providing affordable housing in an undisclosed location. The goal is to enhance the living standards of elderly and handicapped individuals, offering them a secure and comfortable environment.
Who is the CEO of Mathison Retirement Community?
Betty Salter is the Trustee of Mathison Retirement Community. The CEO's salary of Mathison Retirement Community is $0 and their total compensation is $0.
What is the revenue of Mathison Retirement Community?
Mathison Retirement Community's revenue in 2022 was $4,235,468.
Who are the executives of Mathison Retirement Community and what are their salaries?
The average compensation at Mathison Retirement Community during 2022 was $15,617. There are 92 employees at Mathison Retirement Community.
Here are 11 key members and their salaries (Mathison Retirement Community's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Mathison Retirement Community?
Mathison Retirement Community's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mathison Retirement Community
Mathison Retirement Community, as a nonprofit organization, is dedicated to providing affordable housing for the elderly and handicapped individuals. Its mission is to create an environment where these individuals can reside in comfort and dignity, free from financial constraints. This commitment is reflected in the establishment of a seventy-four-unit assisted living facility, offering affordable accommodation for its residents. The community aims to provide a sense of security and independence to its elderly and handicapped residents, allowing them to age with dignity and comfort.
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Impact
July, 2024
Mathison Retirement Community's impact can be seen in the lives of the elderly and handicapped individuals in Panama City, Florida, who are able to access affordable housing through its seventy-four unit assisted living facility. By providing this essential service, Mathison Retirement Community contributes to the well-being and quality of life of vulnerable populations in the community. Their focus on offering affordable housing aligns with their mission to support those in need, demonstrating a commitment to ensuring that seniors and individuals with disabilities have a safe and supportive place to call home.
This information is meant to be a general summary of Mathison Retirement 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 2022.
- Investment Income: $381
- Program Service Revenue: $4,196,326
- Gross Receipts: $4,235,468
Assets and Liabilities:
- Total Assets: $15,487,229
- Total Liabilities: $7,781,028
- Net Assets: $7,706,201
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$4,196,326
Organization Details
Founding Year
2015
Phone
(205) 951-2442Principal Officer
Betty Salter
Main Address
1520 COOPER HILL ROAD, BIRMINGHAM, AL, 35210
NTEE Category
Code: L22 - Housing
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