Overview
What is Midwest Covenant Home Inc?
Midwest Covenant Home Inc is a nonprofit organization situated in Stromsburg, Nebraska. Their primary focus is on providing nursing home care and assisted living services for the elderly. With a team of 112 dedicated individuals, they offer a supportive environment to help senior citizens maintain their quality of life. The organization's core mission is centered around catering to the unique needs of the elderly, ensuring they receive the care they require to live comfortably and with dignity.
Official website here: www.midwestcovenanthome.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
Midwest Covenant Home Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The charity's score reflects a commendable commitment to transparency, with all board members being independent, which is a positive indicator of governance practices. Their financial oversight is robust, as evidenced by a dedicated Audit and Oversight Committee and the absence of any material diversion of assets.
However, the organization does have some areas for improvement, particularly regarding its policies. The absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy has been noted, which could raise concerns about governance practices. Additionally, while the liabilities to assets ratio is somewhat high at 59.41%, it is mitigated by the charity's strong program expense ratio, showing that a significant majority of their funds are directed towards their mission-related activities.
Overall, while Midwest Covenant Home Inc shows strong accountability and financial management, addressing the noted policy gaps may enhance its governance framework and build greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Midwest Covenant Home Inc legitimate?
Midwest Covenant Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midwest Covenant Home 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: $3,258,108
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Official website here: www.midwestcovenanthome.org
What is the mission statement of Midwest Covenant Home Inc?
Midwest Covenant Home Inc is dedicated to providing nursing home care and assisted living services for the elderly. Their mission is centered around ensuring the elderly population receives the necessary care and assistance they need to live comfortably. This involves offering nursing home care and assisted living services, serving as a reliable resource for eldercare. The organization's goal is to enhance the quality of life for the elderly, providing them with the support they require to maintain their independence and dignity. While the information provided is limited, it suggests that Midwest Covenant Home Inc prioritizes eldercare and aims to provide a comfortable living environment for the elderly.
Official website here: www.midwestcovenanthome.org
What is the revenue of Midwest Covenant Home Inc?
Midwest Covenant Home Inc's revenue in 2024 was $6,314,516.
Official website here: www.midwestcovenanthome.org
Who are the executives of Midwest Covenant Home Inc and what are their salaries?
The average compensation at Midwest Covenant Home Inc during 2024 was $25,257. There are 129 employees and 17 volunteers at Midwest Covenant Home Inc.
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Official website here: www.midwestcovenanthome.org
Where can I find the form 990 for Midwest Covenant Home Inc?
Midwest Covenant Home Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.midwestcovenanthome.org
Learn more at the official website: www.midwestcovenanthome.org
Mission Statement of Midwest Covenant Home Inc
Midwest Covenant Home Inc is dedicated to providing nursing home care and assisted living services for the elderly. This nonprofit organization's mission is centered around ensuring the well-being and comfort of the elderly population, offering them a supportive environment to live out their later years with dignity and care. The focus is on nursing home care and assisted living, which encompasses a range of services designed to meet the unique needs of the elderly, including medical care, daily assistance, and social activities. By offering these services, Midwest Covenant Home Inc seeks to provide a sense of security and independence to its elderly residents, allowing them to maintain their quality of life as much as possible. In essence, the mission of Midwest Covenant Home Inc is to promote the overall well-being and happiness of the elderly, offering them a nurturing and caring environment where they can age gracefully.
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Impact
July, 2024
Midwest Covenant Home Inc provides essential nursing home care and assisted living services for the elderly in Stromsburg, NE. Their impactful work directly enhances the well-being and quality of life for senior citizens in the community. Through their mission of offering compassionate and professional care tailored to the needs of the elderly, Midwest Covenant Home Inc plays a crucial role in supporting the health and welfare of vulnerable individuals. Their commitment to providing personalized assistance and creating a safe and comfortable environment for residents has a significant positive impact on the lives of the elderly population they serve.
This information is meant to be a general summary of Midwest Covenant Home 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 2024.
- Investment Income: $5,555
- Program Service Revenue: $5,899,065
- Gross Receipts: $6,377,940
Assets and Liabilities:
- Total Assets: $5,995,763
- Total Liabilities: $3,562,266
- Net Assets: $2,433,497
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAID/DHHS
Revenue
$2,374,710
PRIVATE PAY RESIDENTS
Revenue
$2,203,339
ASSISTED LIVING
Revenue
$885,075
MEDICARE
Revenue
$353,168
POLK COUNTY SENIOR SER
Revenue
$82,773
Organization Details
Founding Year
1957
Principal Officer
Phil Burke
Website
www.midwestcovenanthome.orgNTEE Category
Code: E91Z - Health
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