Overview
What is Sunland Retirement Center Inc?
Sunland Retirement Center Inc is a nonprofit organization situated in Seminole, Texas, with a focus on serving the elderly community. Their primary mission is to provide retirement home services and operate a certified assisted living facility, catering to an underserved area. With a dedicated workforce of 17 individuals, Sunland Retirement Center Inc aims to enhance the living conditions and care for elderly people in their community, ensuring they have a comfortable and assisted living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
The Sunland Retirement Center Inc has received a 79% rating from Charity Navigator, indicating a solid performance in accountability and finance. This rating reflects a strong score in areas such as having a majority of independent board members and maintaining a well-documented conflict of interest policy. The organization demonstrates transparency by documenting board meeting minutes and has no reported material diversion of assets.
Strengths of the organization include a perfect program expense ratio of 100%, suggesting that all expenses are directed towards its programs. Additionally, the financial statements are verified through a review or compilation, which enhances credibility. However, the liabilities to assets ratio stands at 59.95%, indicating potential concerns regarding financial leverage that stakeholders should monitor.
Overall, while Sunland Retirement Center Inc showcases significant strengths in governance and financial practices, prospective donors may want to consider the implications of its liability ratio. The organization appears committed to accountability, yet the balance between assets and liabilities may warrant further evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Sunland Retirement Center Inc legitimate?
Sunland Retirement Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sunland Retirement Center 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $197,387
For more financial information, click here
What is the mission statement of Sunland Retirement Center Inc?
Sunland Retirement Center Inc is committed to serving the elderly population by providing retirement home services and operating a certified assisted living facility. This organization prioritizes serving an underserved area, offering essential care and support to the elderly residents. Its mission is to enhance the quality of life for the elderly, ensuring they receive the care they need and deserve. By providing a safe and nurturing environment, Sunland Retirement Center Inc strives to promote independence, dignity, and overall well-being for its senior residents.
Who is the CEO of Sunland Retirement Center Inc?
Jakob Friesen is the President of Sunland Retirement Center Inc.
What is the revenue of Sunland Retirement Center Inc?
Sunland Retirement Center Inc's revenue in 2022 was $904,735.
Who are the executives of Sunland Retirement Center Inc and what are their salaries?
The average compensation at Sunland Retirement Center Inc during 2022 was $11,611. There are 17 employees and 75 volunteers at Sunland Retirement Center Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Sunland Retirement Center Inc?
Sunland Retirement Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sunland Retirement Center Inc
Sunland Retirement Center Inc is dedicated to serving the elderly population by providing retirement home services and operating a certified assisted living facility. Their mission lies in addressing a gap in this service sector, particularly in underserved areas, ensuring that elderly individuals have access to suitable living arrangements. This nonprofit organization is committed to enhancing the quality of life for elderly persons by offering a supportive environment that caters to their unique needs.
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Impact
July, 2024
Sunland Retirement Center Inc has a significant impact on the community by providing essential retirement home services for elderly persons and operating a certified assisted living facility in an underserved area. By offering housing and care for elderly individuals who may not have access to such services elsewhere, Sunland Retirement Center Inc contributes to the well-being and quality of life of seniors in Seminole, TX. Their mission-driven approach ensures that elderly residents receive the support and assistance they need to live comfortably and with dignity.
This information is meant to be a general summary of Sunland Retirement Center 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 2022.
- Program Service Revenue: $187,750
- Gross Receipts: $1,023,363
Assets and Liabilities:
- Total Assets: $2,775,860
- Total Liabilities: $1,572,283
- Net Assets: $1,203,577
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RETIREMENT HOME RENTALS
Revenue
$187,750
Organization Details
Founding Year
2016
Phone
(432) 758-0828Principal Officer
Jakob Friesen
Main Address
143 CR 200-F, SEMINOLE, TX, 79360
NTEE Category
Code: L22 - Housing
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