Overview
What is Serenity Suites Senior Living At Wabasso?
Serenity Suites Senior Living at Wabasso is a nonprofit organization situated in Wabasso, Minnesota. Their primary mission is to offer a comfortable and secure living environment for seniors, promoting dignity and respect. The organization operates a 15-unit facility that provides both home care and assisted living services, enabling elderly residents to stay within their community. At the year's end, 13 residents resided in 12 of these units. With a staff of 21 employees, Serenity Suites aims to provide the necessary care and support for senior community members in Wabasso, MN.
Official website here: www.serenitysuites.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
Serenity Suites Senior Living At Wabasso received a low rating primarily due to concerns related to its accountability and financial management. The organization scored 54% overall, with significant weaknesses highlighted in its financial statements and the liabilities to assets ratio, which was notably high at 141.62%. While it maintained a majority of independent board members and adhered to important policies such as conflict of interest and whistleblower protections, the lack of accessible financial statements raises concerns about transparency.
On the positive side, the organization demonstrates solid governance practices with 87% of its board being independent and well-established policies in place for document retention and board meeting minutes. These aspects suggest a commitment to ethical management and oversight. However, the absence of financial documentation severely undermines its accountability, preventing potential donors and stakeholders from fully assessing the organization's financial health and operational effectiveness.
Overall, while Serenity Suites Senior Living At Wabasso showcases some positive governance features, the significant gaps in financial transparency and reporting must be addressed for the organization to improve its rating and foster greater trust among its supporters and community.
This AI summary has been generated from information found on Charity Navigator.
Is Serenity Suites Senior Living At Wabasso legitimate?
Serenity Suites Senior Living At Wabasso is a legitimate nonprofit organization registered as a 501(c)(3) entity. Serenity Suites Senior Living At Wabasso 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: $81,760
Professional Fundraising Fees: $0
Other Salaries and Wages: $256,282
For more financial information, click here
Official website here: www.serenitysuites.org
What is the mission statement of Serenity Suites Senior Living At Wabasso?
Serenity Suites Senior Living, as an organization, is committed to providing a nurturing and secure living environment for its senior residents. This is achieved through independent living, where all individuals are treated with dignity and respect. The mission of Serenity Suites is to foster a compassionate atmosphere, ensuring that each resident feels valued and cared for. The focus is on maintaining the seniors' independence while ensuring their safety and well-being.
Official website here: www.serenitysuites.org
Who is the CEO of Serenity Suites Senior Living At Wabasso?
Catherine Marie Schwarz is the Executive Dir. of Serenity Suites Senior Living At Wabasso.
Official website here: www.serenitysuites.org
What is the revenue of Serenity Suites Senior Living At Wabasso?
Serenity Suites Senior Living At Wabasso's revenue in 2022 was $838,163.
Official website here: www.serenitysuites.org
Who are the executives of Serenity Suites Senior Living At Wabasso and what are their salaries?
The average compensation at Serenity Suites Senior Living At Wabasso during 2022 was $16,097. There are 21 employees and 2 volunteers at Serenity Suites Senior Living At Wabasso.
Here are 8 key members and their salaries:
- Compensation: $81,760
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.serenitysuites.org
Where can I find the form 990 for Serenity Suites Senior Living At Wabasso?
Serenity Suites Senior Living At Wabasso's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.serenitysuites.org
Learn more at the official website: www.serenitysuites.org
Mission Statement of Serenity Suites Senior Living At Wabasso
Serenity Suites Senior Living, a senior living facility, is committed to providing a nurturing and secure environment for its residents. The organization's mission is centered around treating every senior with dignity and respect, while promoting independent living. In this compassionate setting, Serenity Suites ensures that all its residents feel valued and well-cared for. The goal is to create a home where seniors can continue to reside in their community, with access to Home Care and Assisted Living services when needed. At the end of the year, Serenity Suites housed 13 residents in 12 of its 15 units, demonstrating its success in fulfilling its mission.
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Impact
July, 2024
Serenity Suites Senior Living at Wabasso has a significant impact on the senior community in Wabasso, MN. By providing a 15-unit senior living facility that offers Home Care and Assisted Living services, Serenity Suites allows seniors in the community to age in place and receive the care they need while remaining in a familiar environment. This contributes to the well-being and quality of life of the residents by providing them with a compassionate and safe living environment where they are treated with dignity and respect. Serenity Suites' mission to provide independent living for seniors in Wabasso aligns with the needs of the community and plays a vital role in supporting the elderly population.
This information is meant to be a general summary of Serenity Suites Senior Living At Wabasso. 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: $1
- Program Service Revenue: $837,162
- Gross Receipts: $838,163
Assets and Liabilities:
- Total Assets: $1,853,714
- Total Liabilities: $2,625,289
- Net Assets: -$771,575
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent
Revenue
$409,060
Services
Revenue
$428,102
Organization Details
Founding Year
2014
Phone
(507) 342-2300Principal Officer
Catherine Marie Schwarz
Main Address
1381 May St, Wabasso, MN, 56293
Website
www.serenitysuites.orgNTEE Category
Code: L22 - Housing
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