Holdrege Memorial Homes Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 470424939 ✦ Holdrege, NE ✦ Designated as a 501(c)(3)

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Overview

What is Holdrege Memorial Homes Inc?

Holdrege Memorial Homes Inc is a nonprofit organization committed to providing long-term health care solutions for the elderly. Their services encompass nursing home care and assisted living facilities, catering to the needs of residents while also offering nursing care for those requiring additional assistance. This caring institution is dedicated to enhancing the quality of life for its elderly population.


Official website here: www.holdregehomes.org

What are the reviews and ratings of this charity?

Holdrege Memorial Homes Inc has been given a Three-Star out of Four Star rating by Charity Navigator, with an overall score of 84%. This score reflects primarily its accountability and financial practices, suggesting it is a trustworthy organization, though there may be room for further improvement in other areas not yet scored, such as impact and leadership.

The nonprofit demonstrates strong governance with a fully independent board and robust financial oversight, shown by the absence of any material asset diversions and a sound liabilities to assets ratio. Its high program expense ratio indicates that a significant portion of its funds is directed toward its mission, which is a positive indicator of financial health and mission alignment.

However, the organization lacks several governance policies including a conflict of interest policy, whistleblower policy, and document retention and destruction policy. These missing elements could pose risks in terms of transparency and accountability. Despite these gaps, the presence of an active audit and oversight committee lends confidence in their financial integrity.

There are no user reviews available on GreatNonprofits for Holdrege Memorial Homes Inc, leaving the charity's public reputation largely conveyed through its financial and governance metrics rather than direct feedback from those who interact with or benefit from its services.


This AI summary has been generated from information found on Charity Navigator.

Is Holdrege Memorial Homes Inc legitimate?

Holdrege Memorial Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holdrege Memorial Homes 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: $5,641,318

For more financial information, click here


Official website here: www.holdregehomes.org

What is the mission statement of Holdrege Memorial Homes Inc?

Holdrege Memorial Homes Inc. is committed to providing long-term health care for the elderly. They accomplish this by offering nursing home care and assisted living services to their residents. When necessary, nursing care is also available for individuals who require additional assistance. The organization's mission is centered around ensuring the elderly receive the necessary care to lead comfortable and secure lives.


Official website here: www.holdregehomes.org

Who is the CEO of Holdrege Memorial Homes Inc?

Kevin Moriarty is the Secretary of Holdrege Memorial Homes Inc.


Official website here: www.holdregehomes.org

What is the revenue of Holdrege Memorial Homes Inc?

Holdrege Memorial Homes Inc's revenue in 2023 was $11,520,612.


Official website here: www.holdregehomes.org

Who are the executives of Holdrege Memorial Homes Inc and what are their salaries?

The average compensation at Holdrege Memorial Homes Inc during 2023 was $30,659. There are 184 employees at Holdrege Memorial Homes Inc.


Here are 11 key members and their salaries:


Mike Ecklun (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reed Mcclymont (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Betsy Olson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vickie Klein (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Les Grimm (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Mccormick (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ruth Johnson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Echtenkamp (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Stute (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Oman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rita Skiles (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.holdregehomes.org

Where can I find the form 990 for Holdrege Memorial Homes Inc?

Holdrege Memorial Homes Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.holdregehomes.org

Learn more at the official website: www.holdregehomes.org

Mission Statement of Holdrege Memorial Homes Inc

Holdrege Memorial Homes Inc is dedicated to providing long-term health care for the elderly. This nonprofit organization offers programs that cater to the needs of seniors, providing both nursing home care and assisted living services. Residents at Holdrege Memorial Homes benefit from these comprehensive services, which also include nursing care for those who require additional assistance. In essence, Holdrege Memorial Homes is committed to ensuring the elderly receive the care they need to maintain their health and well-being in a supportive environment.

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Impact




July, 2024

Holdrege Memorial Homes Inc's impact is significant in providing long-term health care for the elderly in Holdrege, Nebraska. They offer nursing home care and assisted living services to residents, ensuring that the elderly receive the support and care they need. By focusing on the health and well-being of the elderly population, Holdrege Memorial Homes Inc plays a crucial role in enhancing the quality of life for seniors in the community. Their dedication to providing compassionate care and services contributes positively to the overall health outcomes and well-being of the elderly residents they serve.




This information is meant to be a general summary of Holdrege Memorial Homes 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.

Revenue
$11,520,612 (2023)
Expenses
$9,533,176 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $221,343
  • Program Service Revenue: $8,594,820
  • Gross Receipts: $11,520,612

Assets and Liabilities:

  • Total Assets: $10,526,686
  • Total Liabilities: $3,473,221
  • Net Assets: $7,053,465

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PRIVATE REVENUE

Revenue

$3,509,998

MEDICAID REVENUE

Revenue

$2,947,317

ASSISTED LIVING REVENUE

Revenue

$1,013,899

MEDICARE REVENUE

Revenue

$999,056

OTHER CARE INCOME

Revenue

$61,290

Organization Details

Founding Year

1950

Principal Officer

Kevin Moriarty

Main Address

1320 11TH AVENUE, HOLDREGE, NE, 689491919

NTEE Category

Code: E91 - Health

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