Overview
What is Senior Living Alternatives Inc?
Senior Living Alternatives Inc, located in Hagerstown, Maryland, is a nonprofit organization that provides assistance and support to low-income senior citizens. Their mission is to offer affordable housing and supportive services in an environment that fosters independence and dignity. During the fiscal year 2022-2023, they offered 5,397 days of 24-hour living assistance, meals, personal care, and support to 17 senior residents in the Washington County, Maryland area. Their activities primarily focus on offering low-cost assisted living services to seniors who may not have family support or the means to afford such services elsewhere. The organization employs 21 individuals to carry out their mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Senior Living Alternatives Inc demonstrates a solid performance with a score of 79%, classified under a Three-Star rating. This rating reflects the charity's strong accountability and financial practices, which are crucial for maintaining trust and transparency with donors and beneficiaries. The organization has an independent board, with 100% of its members meeting independence criteria, showcasing a commitment to good governance.
The charity excels in various areas, particularly in its program expense ratio, which stands at an impressive 86.95%, indicating that a significant portion of its funds is directed toward its programs. Additionally, it has robust policies in place, such as a conflict of interest policy and a whistleblower policy, both of which are essential for maintaining ethical standards. The organization also has a documented process for retaining and destroying documents, which further emphasizes its commitment to accountability.
However, there is a notable limitation in the financial health aspect, particularly reflected in the liabilities to assets ratio of 197.59%, which raises some concerns about the organization's financial stability. While Senior Living Alternatives Inc shows strength in many areas, stakeholders may want to monitor this financial metric as it could impact sustainability in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Senior Living Alternatives Inc legitimate?
Senior Living Alternatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Senior Living Alternatives 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: $93,712
Professional Fundraising Fees: $0
Other Salaries and Wages: $471,718
For more financial information, click here
What is the mission statement of Senior Living Alternatives Inc?
Senior Living Alternatives Inc's mission is centered around providing affordable housing and supportive services for seniors, ensuring an environment that fosters independence and dignity. The organization extends its services to seniors with limited or no family support, who may struggle to obtain affordable care elsewhere. During a fiscal year, Senior Living Alternatives Inc provides round-the-clock assistance, meals, personal care, and support to approximately 17 low-income senior citizens in the Washington County, Maryland area. This assistance is designed to enhance their living experience and promote self-reliance.
Who is the CEO of Senior Living Alternatives Inc?
Melanie Davis is the Executive Director of Senior Living Alternatives Inc.
What is the revenue of Senior Living Alternatives Inc?
Senior Living Alternatives Inc's revenue in 2023 was $828,193.
Who are the executives of Senior Living Alternatives Inc and what are their salaries?
The average compensation at Senior Living Alternatives Inc during 2023 was $26,925. There are 21 employees at Senior Living Alternatives Inc.
Here are 12 key members and their salaries:
- Compensation: $93,712
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- Other: $0
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Where can I find the form 990 for Senior Living Alternatives Inc?
Senior Living Alternatives Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Senior Living Alternatives Inc
Senior Living Alternatives Inc, a nonprofit organization, is dedicated to providing an affordable living environment and supportive services for seniors who are economically disadvantaged and have limited or no family support. The mission of this organization is to promote independence and dignity among its residents. They achieve this by offering affordable housing and essential services, ensuring that the elderly individuals in their care can live with dignity and autonomy.
During the fiscal year 7-1-2022/6-30-2023, Senior Living Alternatives Inc provided 5,397 days of 24-hour assistance, which included meals, personal care, and support services, to 17 low-income senior citizens in the Washington County, Maryland, area. This tireless commitment to the well-being of its residents underscores Senior Living Alternatives Inc's dedication to its mission of providing affordable housing and supportive services, enabling senior citizens to maintain their independence and dignity.
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Impact
July, 2024
Senior Living Alternatives Inc's impact can be seen in the provision of low-cost assisted living services to seniors with limited or no family support who are unable to obtain affordable services elsewhere. In the fiscal year 7-1-2022/6-30-2023, they provided 5,397 days of 24-hour assistance for living, meals, personal care, and support to 17 low-income senior citizens in the Washington County, Maryland area. Their mission to provide affordable housing and supportive services in an environment that promotes independence and dignity directly benefits the senior citizens in need in Hagerstown, MD.
This information is meant to be a general summary of Senior Living Alternatives 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: $11
- Program Service Revenue: $393,230
- Gross Receipts: $828,193
Assets and Liabilities:
- Total Assets: $183,096
- Total Liabilities: $361,783
- Net Assets: -$178,687
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT PAYMENTS
Revenue
$198,599
GOVERNMENTAL SUBSIDY PAYMENTS
Revenue
$194,631
Organization Details
Founding Year
1985
Phone
(301) 733-3008Principal Officer
Melanie Davis
Main Address
268 South Potomac Street, Hagerstown, MD, 21740
NTEE Category
Code: L22Z - Housing
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