Overview
What is The United Methodist Retirement Homes Foundation Inc?
The United Methodist Retirement Homes Foundation Inc, based in Durham, North Carolina, serves as a philanthropic entity. Its primary mission is to raise endowment funds for the United Methodist Retirement Homes, Inc., which oversees residential facilities. The foundation's objective is to provide benevolent assistance to residents who cannot afford continuing care at these facilities. Additionally, it supports special programs and projects within these residential communities. The foundation's activities are geared towards ensuring the well-being and comfort of those residing in United Methodist Retirement Homes, Inc. facilities.
Official website here: www.umrh.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
The United Methodist Retirement Homes Foundation Inc has received a favorable rating of 82%, indicating a solid performance in accountability and finance. The rating is derived entirely from a single beacon score focused on their financial management practices, which showcases their responsible use of resources.
One of the key strengths of the organization is its governance structure, featuring a fully independent board with substantial oversight, which contributes positively to their overall score. Additionally, the organization has demonstrated a strong commitment to transparency and ethical practices, as evidenced by the presence of various policies such as conflict of interest and whistleblower protection.
Despite the positive aspects, the rating does not capture a broader range of performance indicators, as it is solely based on accountability and finance metrics. While the program expense ratio is commendable at 88.68%, providing insight into efficient resource allocation, potential donors might seek additional information about programmatic outcomes and impact.
This AI summary has been generated from information found on Charity Navigator.
Is The United Methodist Retirement Homes Foundation Inc legitimate?
The United Methodist Retirement Homes Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The United Methodist Retirement Homes 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.umrh.org
What is the mission statement of The United Methodist Retirement Homes Foundation Inc?
The United Methodist Retirement Homes Foundation Inc's mission is centered around raising funds to provide benevolent care and support special programs at the residential facilities operated by the United Methodist Retirement Homes, Inc. This non-profit organization aims to support those residents who are unable to pay for continuing care at these facilities. The funds raised are earmarked specifically for benevolent assistance, ensuring that everyone, regardless of their financial situation, can receive the care they need. The foundation also supports various projects at these facilities to enhance the living conditions and overall well-being of the residents.
Official website here: www.umrh.org
Who is the CEO of The United Methodist Retirement Homes Foundation Inc?
Jonathan Erickson is the Chair of The United Methodist Retirement Homes Foundation Inc.
Official website here: www.umrh.org
What is the revenue of The United Methodist Retirement Homes Foundation Inc?
The United Methodist Retirement Homes Foundation Inc's revenue in 2022 was $153,159.
Official website here: www.umrh.org
Who are the executives of The United Methodist Retirement Homes Foundation Inc and what are their salaries?
There 11 volunteers at The United Methodist Retirement Homes Foundation Inc.
Here are 10 key members and their salaries:
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- Related: $245,099
- Other: $152,265
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- Related: $311,191
- Other: $34,201
Official website here: www.umrh.org
Where can I find the form 990 for The United Methodist Retirement Homes Foundation Inc?
The United Methodist Retirement Homes Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.umrh.org
Learn more at the official website: www.umrh.org
Mission Statement of The United Methodist Retirement Homes Foundation Inc
The United Methodist Retirement Homes Foundation Inc is established with a mission to raise endowment funds. This mission is aimed at providing benevolent care for residents residing in the residential facilities operated by UMRH. These residents may not be able to afford continuing care at the UMRH facilities. In addition to this, the foundation also supports special programs and projects at these facilities. This ensures that the residents receive the best possible care and support, regardless of their financial situation. The United Methodist Retirement Homes Foundation Inc's primary objective is to raise funds to support benevolent care and special programs at the residential facilities owned by the United Methodist Retirement Homes, Inc. This is achieved through the collection of contributed funds, which are earmarked specifically for benevolent assistance. The foundation's mission is crucial in ensuring that all residents, regardless of their financial status, receive the care and support they need to live comfortably and with dignity.
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Impact
October, 2024
The United Methodist Retirement Homes Foundation Inc significantly enhances the quality of life for residents in its managed facilities by raising endowment funds dedicated to supporting individuals who struggle to afford their care. This initiative ensures that those in need receive benevolent assistance, allowing them to access vital services and support despite financial hardships.
In addition to providing essential care, the foundation also contributes to special programs and projects at these residential facilities, enriching the overall experience for all residents. Through targeted fundraising efforts, they enable a community-focused approach that prioritizes the well-being and dignity of each individual, fostering an environment where every resident can thrive. Their work not only alleviates financial burdens but also cultivates a sense of belonging and support within the community, emphasizing the importance of compassion in elder care services.
This information is meant to be a general summary of The United Methodist Retirement Homes 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 2022.
- Investment Income: $74,447
- Gross Receipts: $852,104
Assets and Liabilities:
- Total Assets: $11,079,706
- Total Liabilities: $9,811,054
- Net Assets: $1,268,652
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Organization Details
Founding Year
1994
Phone
(919) 384-3000Principal Officer
Jonathan Erickson
Main Address
2600 CROASDAILE FARM PARKWAY, DURHAM, NC, 27705
Website
www.umrh.orgNTEE Category
Code: T20 - Philanthropy
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