Overview
What is Manhattan Retirement Foundation Inc?
Manhattan Retirement Foundation Inc is a nonprofit organization situated at 2121 Meadowlark Road, Manhattan, Kansas, with a total workforce of 729 employees. They are dedicated to enhancing the quality of life for individuals requiring round-the-clock skilled nursing care by offering them the freedom, privacy, and connectivity of a home-like environment. With approximately 133 licensed beds, around 42% are occupied by residents on Medicaid benefits, 7% on Medicare A benefits, and 51% by private pay residents. The organization takes pride in nurturing individuality, independence, values, and community, making each resident's stay at Meadowlark Hills their home. The total occupancy rate for FY23 reached 92.0%.
Official website here: www.meadowlark.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Manhattan Retirement Foundation Inc has received an 81% score from Charity Navigator, reflecting a strong emphasis on accountability and financial transparency. This rating is significant as it highlights the organization's commitment to maintaining an independent board, with all members being independent, which fosters trust and integrity in its operations.
The foundation demonstrates strong financial health, with an impressive program expense ratio of 85.23%, indicating that the majority of its expenditures are directed towards its programs rather than administrative costs. Furthermore, it has robust policies in place regarding conflict of interest, whistleblower protections, and document retention, showcasing a high level of governance and ethical standards.
However, while the organization's financials appear solid, stakeholders may want to consider the salaries of key personnel, which are comparatively high. A critical examination of these salaries may be necessary to assess whether they align with the foundation's mission and the financial expectations of its donors. Overall, the Manhattan Retirement Foundation Inc is a well-rated organization but may benefit from ongoing scrutiny regarding executive compensation.
This AI summary has been generated from information found on Charity Navigator.
Is Manhattan Retirement Foundation Inc legitimate?
Manhattan Retirement Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Manhattan Retirement Foundation 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: $994,992
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,870,118
For more financial information, click here
Official website here: www.meadowlark.org
What is the mission statement of Manhattan Retirement Foundation Inc?
The Manhattan Retirement Foundation Inc is dedicated to enriching the lives of residents by promoting individuality, independence, values, and community. Meadowlark Hills, the organization's long-term care facility, serves as a home for those requiring skilled nursing care. The Foundation's mission extends to enhancing the quality of life by offering the freedom, privacy, and connectivity of a home environment. Approximately 42% of the 133 licensed beds are occupied by residents receiving Medicaid benefits, 7% by those on Medicare A, and 51% by those paying privately. The total occupancy rate for FY23 was 92.0%.
Official website here: www.meadowlark.org
Who is the CEO of Manhattan Retirement Foundation Inc?
Lonnie Baker is the Board Of Trustees, Past Chair of Manhattan Retirement Foundation Inc. The CEO's salary of Manhattan Retirement Foundation Inc is $350,141 and their total compensation is $380,747.
Official website here: www.meadowlark.org
What is the revenue of Manhattan Retirement Foundation Inc?
Manhattan Retirement Foundation Inc's revenue in 2023 was $30,149,715.
Official website here: www.meadowlark.org
Who are the executives of Manhattan Retirement Foundation Inc and what are their salaries?
The average compensation at Manhattan Retirement Foundation Inc during 2023 was $19,019. There are 729 employees and 100 volunteers at Manhattan Retirement Foundation Inc.
Here are 28 key members and their salaries (Manhattan Retirement Foundation Inc's CEO's salary is $350,141 and their total compensation is $380,747):
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- Compensation: $350,141
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- Other: $30,606
- Compensation: $179,232
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- Compensation: $105,078
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- Compensation: $105,392
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- Other: $14,130
Official website here: www.meadowlark.org
Where can I find the form 990 for Manhattan Retirement Foundation Inc?
Manhattan Retirement Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.meadowlark.org
Learn more at the official website: www.meadowlark.org
Mission Statement of Manhattan Retirement Foundation Inc
Manhattan Retirement Foundation Inc, a dedicated organization, is focused on enhancing the quality of life for its residents. Through its commitment, the Foundation nurtures individuality, independence, values, and community. At the heart of its mission, Meadowlark Hills, the Foundation's facility, serves as each resident's home.
Meadowlark Hills is designed to offer the freedom, privacy, and connectivity of home to its residents who require round-the-clock skilled nursing care. The houses under Meadowlark's nationally recognized household model cater to a diverse population, with approximately 42% of the 133 licensed beds occupied by residents receiving Medicaid benefits, 7% receiving Medicare A benefits, and 51% privately paying. The total occupancy for FY23 reached 92.0%.
The Foundation's commitment extends beyond providing essential care services. It is dedicated to fostering an environment that values the unique needs and worth of each resident. By prioritizing individuality and independence, the Foundation empowers its residents to live fulfilling lives, ensuring they are at the forefront of their care journey. The strong sense of community that permeates Meadowlark Hills further enriches the residents' experience, providing them with a supportive network and a sense of belonging.
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Impact
October, 2024
Manhattan Retirement Foundation Inc significantly enhances the quality of life for its residents by promoting individuality, independence, and community values. By utilizing the nationally recognized household model at Meadowlark Hills, the foundation creates an environment that mirrors the comforts of home while providing essential round-the-clock skilled nursing care.
With 133 licensed beds, the facility supports a diverse range of residents, including those receiving Medicaid, Medicare, and private pay options, thereby ensuring accessibility to a broader demographic. During the fiscal year 2023, the high occupancy rate of 92.0% reflects the community's trust and reliance on the quality of care provided.
Through its commitment to nurturing both the physical and emotional well-being of its residents, Manhattan Retirement Foundation Inc plays a crucial role in fostering a sense of belonging and support within the community, ultimately contributing to a healthier, more connected population.
This information is meant to be a general summary of Manhattan Retirement Foundation 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 2023.
- Investment Income: $626,847
- Program Service Revenue: $27,750,475
- Gross Receipts: $33,128,849
Assets and Liabilities:
- Total Assets: $83,129,289
- Total Liabilities: $90,312,804
- Net Assets: -$7,183,515
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET SERVICE REVENUE
Revenue
$25,860,360
AMORTIZATION OF ENTRANCE FEES
Revenue
$1,890,115
Organization Details
Founding Year
1975
Phone
(785) 537-4610Principal Officer
Lonnie Baker
Main Address
2121 MEADOWLARK ROAD, MANHATTAN, KS, 66502
Website
www.meadowlark.orgNTEE Category
Code: E910 - Health
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