Overview
What is Masonic Home Of Virginia?
Masonic Home of Virginia is a compassionate nonprofit organization situated in Henrico, Virginia. With a mission to provide a nurturing retirement community and necessary in-home care for Virginia Masons, it caters to approximately 165 residents. The organization strives to ensure that eligible Masons, their wives, or widows, regardless of their financial capabilities, can reside in a high-quality, cost-effective retirement community. In addition, Masonic Home of Virginia offers in-home assistance and care to eligible individuals in a budget-friendly manner. The nonprofit, known as MAHOVA, boasts a dedicated workforce of 211 individuals, working tirelessly to support Masons and their relatives.
Official website here: www.mahova.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Masonic Home of Virginia has received a commendable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. With an impressive 93% score in Accountability & Finance, the organization demonstrates strong governance, with 100% of its board members being independent. The financial metrics are solid, showcasing a low liabilities-to-assets ratio and a high program expense ratio, which indicates that the majority of its funds are directed toward its charitable mission.
In addition to its financial management, Masonic Home of Virginia also excels in its culture and community engagement, achieving a perfect score of 100%. The organization places a strong emphasis on feedback collection and utilization, indicating that it actively seeks input from stakeholders and incorporates that feedback into its practices. This level of engagement can enhance its effectiveness in serving its community.
While the data overwhelmingly reflects strengths in financial oversight and community involvement, there are no significant limitations or issues noted. The comprehensive policies in place, including conflict of interest and whistleblower policies, further bolster the organization’s reputation for transparency and ethical governance. Overall, Masonic Home of Virginia stands out as a well-managed nonprofit committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Masonic Home Of Virginia legitimate?
Masonic Home Of Virginia is a legitimate nonprofit organization registered as a 501(c)(3) entity. Masonic Home Of Virginia 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: $584,082
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,596,013
For more financial information, click here
Official website here: www.mahova.org
What is the mission statement of Masonic Home Of Virginia?
The Masonic Home of Virginia aims to provide a nurturing and high-quality retirement community and necessary in-home care to eligible Masons, their wives, and widows, regardless of their financial ability. Strategically, the organization strives to ensure the availability of a cost-effective, high-quality continuing care retirement community for eligible Masons. Additionally, the Masonic Home of Virginia aims to make affordable in-home assistance and care available to eligible Masons when needed. Lastly, the organization aims to maintain its financial viability to support its mission of serving Masons and their relatives for as long as possible.
Official website here: www.mahova.org
Who is the CEO of Masonic Home Of Virginia?
Anne B Hagen is the Sgig of Masonic Home Of Virginia. The CEO's salary of Masonic Home Of Virginia is $240,222 and their total compensation is $260,822.
Official website here: www.mahova.org
What is the revenue of Masonic Home Of Virginia?
Masonic Home Of Virginia's revenue in 2022 was $1,750,631.
Official website here: www.mahova.org
Who are the executives of Masonic Home Of Virginia and what are their salaries?
The average compensation at Masonic Home Of Virginia during 2022 was $34,029. There are 211 employees and 90 volunteers at Masonic Home Of Virginia.
Here are 19 key members and their salaries (Masonic Home Of Virginia's CEO's salary is $240,222 and their total compensation is $260,822):
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- Compensation: $159,138
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- Other: $17,270
Official website here: www.mahova.org
Where can I find the form 990 for Masonic Home Of Virginia?
Masonic Home Of Virginia's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mahova.org
Learn more at the official website: www.mahova.org
Mission Statement of Masonic Home Of Virginia
The Masonic Home of Virginia is dedicated to providing a high-quality retirement community and necessary in-home care for Virginia Masons, without regard to their financial abilities. This nonprofit organization has three strategic objectives. Firstly, it aims to always offer an eligible Mason, their spouse, or widow a quality continuing care retirement community in a cost-effective manner, consistent with the principles of Masonic relief. Secondly, it seeks to provide or make available necessary in-home assistance and care to any eligible Mason, their spouse, or widow in a cost-effective manner. Lastly, the Masonic Home of Virginia strives to remain financially viable to support its focus on Masons and their relatives for as long as possible. This mission reflects a commitment to providing essential care and support to Virginia Masons and their families, prioritizing affordability and financial sustainability.
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Impact
July, 2024
Masonic Home of Virginia's impact can be seen in its provision of a caring, high-quality retirement community and essential in-home care services to Virginia Masons. The organization serves approximately 165 residents by offering retirement, healthcare, and nursing facilities. By utilizing gifts and income from institutional grants, the home ensures that residents receive care for life. Their mission revolves around providing any eligible Mason, his wife, or widow with a quality continuing care retirement community without regard for their ability to pay. Additionally, they aim to offer necessary in-home assistance and care, all while maintaining financial viability to continue supporting Masons and their relatives. This commitment to holistic care and financial sustainability showcases the positive impact Masonic Home of Virginia has on the community, particularly in the realm of health and well-being.
This information is meant to be a general summary of Masonic Home Of Virginia. 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: -$5,275,476
- Program Service Revenue: $5,672,080
- Gross Receipts: $14,425,267
Assets and Liabilities:
- Total Assets: $74,435,506
- Total Liabilities: $7,159,189
- Net Assets: $67,276,317
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MASONIC HOME RESIDENTS
Revenue
$5,547,611
OTHER RESIDENT SERVICES
Revenue
$124,469
Organization Details
Founding Year
1890
Phone
(804) 222-1694Principal Officer
Anne B Hagen
Main Address
500 MASONIC LANE, HENRICO, VA, 23223
Website
www.mahova.orgNTEE Category
Code: E910 - Health
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