Overview
What is Maryfield Inc?
Maryfield Inc, based in High Point, North Carolina, is a nonprofit organization that operates as a full-service retirement community. Committed to demonstrating God's love for seniors, irrespective of their religious or financial backgrounds, they provide housing and essential health-related services to approximately 365 seniors. As of the end of fiscal year 2022, they extended around $401,000 in benevolent assistance to residents who couldn't fully cover their charges. With a workforce of 620 employees, Maryfield Inc's mission extends beyond basic living arrangements, striving to improve seniors' lives in a nurturing and caring environment.
Official website here: www.pennybyrnatmaryfield.com
What are the reviews and ratings of this charity?
77% rating from Charity Navigator, resulting in a Three-Star out of Four Star rating. This score reflects the organization's strong performance in Accountability & Finance, indicating solid management of funds and resources. The high scores in areas such as independent board membership and financial oversight demonstrate a commitment to transparency and governance.
Maryfield Inc shows particular strength in maintaining an independent board and successfully managing its program expenses, with 85.66% of its budget allocated directly to program activities. However, the organization has some areas that could be improved, notably the absence of a whistleblower policy, which is crucial for encouraging reporting of unethical practices.
Additionally, while the organization has a relatively high liabilities-to-assets ratio, it raises some concerns about financial stability. Addressing these issues could enhance their rating and overall impact, ensuring that they continue to serve their mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Maryfield Inc legitimate?
Maryfield Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maryfield 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: $16,650,601
For more financial information, click here
Official website here: www.pennybyrnatmaryfield.com
What is the mission statement of Maryfield Inc?
Maryfield Inc is a full-service retirement community dedicated to showing God's love to seniors, regardless of their religious affiliation or financial means. The organization's mission is to provide comprehensive services for approximately 365 seniors, offering housing and healthcare assistance. In the previous fiscal year, they granted around $401,000 in benevolent aid to seniors who struggled to pay their charges in full. Maryfield Inc's commitment extends beyond just offering services; it strives to make a difference in the lives of seniors, demonstrating compassion and care.
Official website here: www.pennybyrnatmaryfield.com
Who is the CEO of Maryfield Inc?
Richard Newman is the CEO of Maryfield Inc The CEO's salary of Maryfield Inc is $272,972 and their total compensation is $333,095.
Official website here: www.pennybyrnatmaryfield.com
What is the revenue of Maryfield Inc?
Maryfield Inc's revenue in 2023 was $35,368,000.
Official website here: www.pennybyrnatmaryfield.com
Who are the executives of Maryfield Inc and what are their salaries?
The average compensation at Maryfield Inc during 2023 was $24,778. There are 672 employees and 40 volunteers at Maryfield Inc.
Here are 23 key members and their salaries (Maryfield Inc's CEO's salary is $272,972 and their total compensation is $333,095):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $272,972
- Related: $0
- Other: $60,123
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $134,407
- Related: $0
- Other: $40,693
- Compensation: $116,729
- Related: $0
- Other: $0
- Compensation: $183,666
- Related: $0
- Other: $55,337
- Compensation: $138,896
- Related: $0
- Other: $43,790
- Compensation: $114,600
- Related: $0
- Other: $13,818
Official website here: www.pennybyrnatmaryfield.com
Where can I find the form 990 for Maryfield Inc?
Maryfield Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pennybyrnatmaryfield.com
Learn more at the official website: www.pennybyrnatmaryfield.com
Mission Statement of Maryfield Inc
Maryfield Inc, a committed full service retirement community, strives to demonstrate God's love to seniors, regardless of their religious or financial backgrounds. With a mission rooted in compassion, Maryfield provides essential housing and health-related services to approximately 365 seniors every year.
The organization goes above and beyond, offering more than just a place to live. In times when some residents face financial struggles, Maryfield extends a helping hand by providing approximately $401,000 in benevolent assistance. This valuable support enables these seniors to continue receiving the necessary care they deserve, despite their inability to fully pay their charges.
Maryfield Inc's unwavering dedication to its residents is evident through its nurturing and inclusive environment. By focusing on the needs of seniors and offering them the care and assistance they require, this community creates a warm and welcoming atmosphere where every individual feels valued and cherished.
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
Maryfield Inc plays a significant role in the lives of approximately 365 seniors in High Point, NC, by offering vital housing and health-related services. The organization is dedicated to providing an environment where seniors can thrive, fostering a sense of community while ensuring that all residents receive the care and support they need, irrespective of their financial situation or religious background.
One of the notable impacts of Maryfield Inc is its provision of over $401,000 in benevolent assistance to residents who are struggling to meet their financial obligations. This support not only alleviates financial burdens but also enhances the quality of life for these seniors, allowing them to live with dignity and compassion in their later years.
Through its commitment to demonstrating love and care, Maryfield Inc actively contributes to the well-being of the aging population, reaffirming that all seniors deserve respect, care, and a nurturing environment. The organization's efforts reflect a broader commitment to human services, ensuring that seniors receive comprehensive support in a community that values their contributions and respects their needs.
This information is meant to be a general summary of Maryfield 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: $758,604
- Program Service Revenue: $31,278,686
- Gross Receipts: $35,589,466
Assets and Liabilities:
- Total Assets: $167,558,927
- Total Liabilities: $143,754,426
- Net Assets: $23,804,501
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INDEPENDENT LIVING
Revenue
$14,063,052
MARYFIELD NURSING HOME
Revenue
$13,509,341
ASSISTED LIVING
Revenue
$3,636,409
HOME CARE REVENUE
Revenue
$69,884
Organization Details
Founding Year
1950
Principal Officer
Richard Newman
Website
www.pennybyrnatmaryfield.comNTEE Category
Code: P750 - Human services
If you are a representative of Maryfield Inc 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.