Overview
What is Virginia Mennonite Retirement Community Inc?
Virginia Mennonite Retirement Community Inc is a nonprofit organization situated in Harrisonburg, Virginia. With a workforce of 80 individuals, their primary mission is to create an environment that fosters hope, meaning, and growth for individuals as they age. They offer a range of support services to four related exempt organizations, encompassing areas such as management, accounting, communications, information technology, and personnel. By doing so, they aim to establish a vibrant, authentic community that encourages aging well. Their services are designed to help individuals live fulfilling lives.
Official website here: www.vmrc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Virginia Mennonite Retirement Community Inc has received an 81% score, indicating a solid level of accountability and financial management. The charity’s score reflects a comprehensive assessment of its policies and procedures, particularly its strong governance practices, including a fully independent board and well-audited financial statements. However, it should be noted that the organization lacks evaluations under additional methodologies, such as Impact & Measurement and Leadership & Adaptability, which may limit a complete understanding of its effectiveness and community engagement.
The organization demonstrates impressive financial management, with a very high program expense ratio of 97.37%, indicating that it allocates the majority of its funds directly to programs rather than administrative costs. Additionally, the absence of any material diversion of assets and robust conflict of interest and whistleblower policies enhances its credibility. However, concerns arise from the higher liabilities to assets ratio of 85.66%, which may suggest financial vulnerability that could affect its long-term stability.
Unfortunately, user reviews from GreatNonprofits are not available at this time, which limits the community's insights into personal experiences with the nonprofit. As such, potential donors and supporters may want to seek additional information or direct feedback to gauge the community impact and overall satisfaction with its services.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Mennonite Retirement Community Inc legitimate?
Virginia Mennonite Retirement Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Mennonite Retirement Community 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: $3,498,666
For more financial information, click here
Official website here: www.vmrc.org
What is the mission statement of Virginia Mennonite Retirement Community Inc?
Virginia Mennonite Retirement Community Inc's mission is to establish an environment that fosters hope, meaning, and personal growth, enabling individuals to age gracefully and live fulfilling lives. This community aims to serve as a hub where individuals seek to age well in a vibrant, authentic setting. The organization provides support services in areas such as management, accounting, communications, information technology, and personnel for four related exempt organizations.
Official website here: www.vmrc.org
Who is the CEO of Virginia Mennonite Retirement Community Inc?
J David Yoder is the Interim Ceo of Virginia Mennonite Retirement Community Inc. The CEO's salary of Virginia Mennonite Retirement Community Inc is $0 and their total compensation is $0.
Official website here: www.vmrc.org
What is the revenue of Virginia Mennonite Retirement Community Inc?
Virginia Mennonite Retirement Community Inc's revenue in 2023 was $8,299,259.
Official website here: www.vmrc.org
Who are the executives of Virginia Mennonite Retirement Community Inc and what are their salaries?
The average compensation at Virginia Mennonite Retirement Community Inc during 2023 was $43,733. There are 80 employees and 50 volunteers at Virginia Mennonite Retirement Community Inc.
Here are 17 key members and their salaries (Virginia Mennonite Retirement Community Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $253,817
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- Other: $20,042
- Compensation: $168,784
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- Other: $29,033
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Official website here: www.vmrc.org
Where can I find the form 990 for Virginia Mennonite Retirement Community Inc?
Virginia Mennonite Retirement Community Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vmrc.org
Learn more at the official website: www.vmrc.org
Mission Statement of Virginia Mennonite Retirement Community Inc
Virginia Mennonite Retirement Community Inc is dedicated to serving as a beacon of hope, meaning, and growth for individuals seeking to age gracefully and live fulfilling lives. Its mission can be described as striving to become a prominent destination for those who desire to age well within an authentic and vibrant community. By providing essential management, accounting, communications, information technology, and personnel support services to four related exempt organizations, Virginia Mennonite Retirement Community Inc aims to foster an environment that supports individuals in their journey towards aging well.
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Impact
July, 2024
Virginia Mennonite Retirement Community Inc's impact is evident in its mission to be a community of hope, meaning, and growth for people to age well and live fully. By providing management, accounting, communications, information technology, and personnel support services for its related exempt organizations, it works towards creating a destination hub for those who want to age well in a vibrant, authentic community in Harrisonburg, VA. Through its focus on housing and community building, Virginia Mennonite Retirement Community Inc positively influences the lives of individuals by offering a supportive and enriching environment for aging individuals to thrive in.
This information is meant to be a general summary of Virginia Mennonite Retirement Community 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: $21,621
- Program Service Revenue: $8,086,429
- Gross Receipts: $8,381,249
Assets and Liabilities:
- Total Assets: $34,934,476
- Total Liabilities: $29,927,739
- Net Assets: $5,006,737
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT SERVICES
Revenue
$5,431,275
TRANSPORTATION & HOUSEKEEPING
Revenue
$937,742
HOME HEALTH PARTNERSHIP
Revenue
$577,437
MARKETING & ADMISSION SERVICE
Revenue
$564,349
RESIDENT UTILITY FEES
Revenue
$545,190
Organization Details
Founding Year
1983
Phone
(540) 438-4225Principal Officer
J David Yoder
Main Address
1501 VIRGINIA AVE, HARRISONBURG, VA, 22802
Website
www.vmrc.orgNTEE Category
Code: L020 - Housing
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