Overview
What is Armenian Home Foundation?
Armenian Home Foundation is a nonprofit organization situated in Emerson, New Jersey, specifically at 70 Main Street. Its primary purpose is to raise funds to aid the Armenian Nursing & Rehabilitation Center, Inc., a non-profit organization offering services and care to those in need. The Armenian Home Foundation bridges financial gaps when Medicare/Medicaid and patient fees fall short. By managing and investing donations, contributions, and other funds, the foundation supports the Center's mission to provide essential healthcare services to its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
The Armenian Home Foundation has received a commendable score of 87%, reflecting strong performance in the Accountability & Finance category. This rating is significant as it indicates the organization's commitment to transparency and responsible financial management. The charity's overall score is derived entirely from its accountability and finance practices, underscoring the importance of these factors in determining its effectiveness and reliability.
Key strengths of the Armenian Home Foundation include a fully independent board, with 100% of its members meeting this criterion. Additionally, the organization demonstrates a solid commitment to ethical practices with a comprehensive conflict of interest policy and a whistleblower policy. Financially, it shows a remarkably low liability-to-assets ratio and an impressive program expense ratio, indicating that nearly all of its resources are directed towards fulfilling its mission.
While the organization's rating is impressive, it is important for potential donors and supporters to consider the broader context of its programs and outcomes. While accountability and finance scores are crucial, understanding the impact of its services and community engagement would provide a more rounded perspective on its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Armenian Home Foundation legitimate?
Armenian Home Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Armenian Home Foundation 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: $0
For more financial information, click here
What is the mission statement of Armenian Home Foundation?
The Armenian Home Foundation's mission is to raise, manage, and invest funds from various sources to support the services provided by the Armenian Nursing and Rehabilitation Center, a non-profit organization. This center offers care and services to those in need. The foundation's financial contributions help bridge gaps when Medicare/Medicaid and patient fees fall short, ensuring adequate support for the center's operations. The Armenian Home Foundation's primary role is to sustain the operations of the Armenian Nursing and Rehabilitation Center, thereby providing essential services and care to its clients.
Who is the CEO of Armenian Home Foundation?
Dr Craig Froonjian is the President of Armenian Home Foundation.
What is the revenue of Armenian Home Foundation?
Armenian Home Foundation's revenue in 2022 was $165,244.
Who are the executives of Armenian Home Foundation and what are their salaries?
There 2 volunteers at Armenian Home Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Armenian Home Foundation?
Armenian Home Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Armenian Home Foundation
The Armenian Home Foundation is a dedicated organization that exists to raise, manage, and invest funds from various sources, including donations and contributions. Its primary goal is to support the services and care provided by the Armenian Nursing and Rehabilitation Center, Inc., a non-profit organization that caters to individuals in need. The foundation plays a crucial role in bridging any financial gaps that may arise when Medicare/Medicaid and patient fees fall short. By doing so, the Armenian Home Foundation ensures that the Armenian Nursing and Rehabilitation Center can continue providing essential services to those who need them. In essence, the foundation's mission is to enable and strengthen the capabilities of the Armenian Nursing and Rehabilitation Center, thereby enhancing the quality of life for those it serves.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Armenian Home Foundation has a significant impact by enhancing the quality of care and support offered at the Armenian Nursing and Rehabilitation Center in Emerson, NJ. By raising and managing funds, the foundation plays a crucial role in addressing financial gaps where Medicare, Medicaid, and patient fees may not cover the costs of essential services. This financial support ensures that individuals in need receive the high-quality care and rehabilitation services that are vital for their well-being. Through its efforts, the foundation not only sustains the center's operations but also reinforces the community’s commitment to caring for its vulnerable members, making a meaningful difference in their lives.
This information is meant to be a general summary of Armenian Home Foundation. 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: $165,244
- Gross Receipts: $165,244
Assets and Liabilities:
- Total Assets: $1,667,111
- Total Liabilities: $3,500
- Net Assets: $1,663,611
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1993
Phone
(201) 261-6662Principal Officer
Dr Craig Froonjian
Main Address
70 MAIN STREET, EMERSON, NJ, 07630
NTEE Category
Code: Z99 - Unknown
If you are a representative of Armenian Home Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.