Overview
What is Metro Health Foundation Of Massachusetts Inc?
Metro Health Foundation of Massachusetts Inc is a Massachusetts-based nonprofit organization, with a US address at 350 Granite Street, 2203, Braintree, MA 02184. Their primary mission is to provide affordable housing for the elderly. The organization runs Bostonian Skilled Nursing and Rehabilitation Center, a 121-bed nursing home in Dorchester, Massachusetts. Metro Health Foundation of Massachusetts Inc operates exclusively for charitable and educational purposes and specifically focuses on providing affordable housing solutions for the elderly. Their workforce comprises 158 employees.
What are the reviews and ratings of this charity?
Charity Navigator rates the Metro Health Foundation of Massachusetts Inc at 56%, which corresponds to a One-Star out of Four Star rating. This score indicates significant concerns regarding the charity's accountability and financial transparency. While the organization has a strong independent board composition, several critical governance policies, such as conflict of interest and whistleblower policies, are missing, which negatively impacts their overall score.
The foundation does maintain a commendable program expense ratio of 77.86%, suggesting that a substantial portion of its resources is directed towards its programs rather than administrative costs. However, the absence of financial statements raises concerns about transparency and the ability of stakeholders to assess its financial health adequately. Additionally, the charity's liabilities to assets ratio of 76.68% indicates potential financial risk.
While the organization has some strengths, including an independent board and proper documentation of board meeting minutes, the lack of essential financial documentation and policies could undermine public trust. Overall, the rating reflects a need for improvement in financial accountability and governance practices to enhance its effectiveness and reliability as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Metro Health Foundation Of Massachusetts Inc legitimate?
Metro Health Foundation Of Massachusetts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metro Health Foundation Of Massachusetts 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: $19,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,802,998
For more financial information, click here
What is the mission statement of Metro Health Foundation Of Massachusetts Inc?
The Metro Health Foundation of Massachusetts Inc is dedicated to fulfilling charitable and educational purposes. At the heart of its mission is the provision of affordable housing for the elderly. To accomplish this, the organization has taken on the operation of nursing homes and personal care centers specifically designed for the elderly population. Through its efforts, it acquires and manages facilities that cater to the housing needs of the elderly community. One of its undertakings includes the Bostonian Skilled Nursing and Rehabilitation Center, a 121-bed nursing home. The foundation's work ensures that elderly individuals have access to affordable housing solutions, enhancing their well-being and overall quality of life.
Who is the CEO of Metro Health Foundation Of Massachusetts Inc?
Jason Geisinger is the Rn of Metro Health Foundation Of Massachusetts Inc.
What is the revenue of Metro Health Foundation Of Massachusetts Inc?
Metro Health Foundation Of Massachusetts Inc's revenue in 2022 was $13,078,257.
Who are the executives of Metro Health Foundation Of Massachusetts Inc and what are their salaries?
The average compensation at Metro Health Foundation Of Massachusetts Inc during 2022 was $36,850. There are 158 employees and 5 volunteers at Metro Health Foundation Of Massachusetts Inc.
Here are 11 key members and their salaries:
- Compensation: $160,171
- Related: $0
- Other: $5,061
- Compensation: $144,472
- Related: $0
- Other: $4,565
- Compensation: $134,877
- Related: $0
- Other: $4,262
- Compensation: $127,298
- Related: $0
- Other: $4,023
- Compensation: $116,026
- Related: $0
- Other: $3,666
- Compensation: $19,250
- 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
Where can I find the form 990 for Metro Health Foundation Of Massachusetts Inc?
Metro Health Foundation Of Massachusetts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Metro Health Foundation Of Massachusetts Inc
The Metro Health Foundation of Massachusetts Inc is a charitable organization dedicated to providing affordable housing for the elderly. With a mission rooted in compassion and care, this organization operates exclusively for charitable and educational purposes. Its primary goal is to ensure that the elderly population has access to affordable housing solutions, a need that extends to the acquisition of nursing homes and personal care centers.
In practice, the Metro Health Foundation of Massachusetts Inc has taken significant strides in implementing its mission. One such endeavor involves the ownership and operation of the Bostonian Skilled Nursing and Rehabilitation Center. This 121-bed nursing home offers a haven for elderly individuals seeking long-term care and rehabilitation. By providing affordable housing in a supportive environment, the Metro Health Foundation of Massachusetts Inc not only meets the basic needs of the elderly but also offers peace of mind and a sense of community. The organization's commitment to affordable housing and care for the elderly is unwavering, making a profound difference in the lives of countless individuals.
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Impact
October, 2024
Metro Health Foundation Of Massachusetts Inc plays a critical role in enhancing the quality of life for the elderly by providing affordable housing options tailored to their needs. Through the Bostonian Skilled Nursing and Rehabilitation Center, a 121-bed facility located in Dorchester, the foundation ensures that seniors have access to long-term nursing home care in a supportive environment.
By focusing on acquiring and operating nursing homes and personal care centers, the foundation addresses the growing demand for safe and affordable living conditions for the elderly population. This commitment not only alleviates the challenges faced by families seeking care solutions for their loved ones but also promotes health and well-being among seniors. The organization's mission to operate exclusively for charitable and educational purposes reinforces its dedication to serving the community, helping to foster a healthier, more supportive environment for older adults in Massachusetts.
This information is meant to be a general summary of Metro Health Foundation Of Massachusetts 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: $143
- Program Service Revenue: $10,384,452
- Gross Receipts: $13,078,257
Assets and Liabilities:
- Total Assets: $2,745,207
- Total Liabilities: $2,105,277
- Net Assets: $639,930
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$10,384,452
Organization Details
Founding Year
1995
Phone
(781) 474-2263Principal Officer
Jason Geisinger
Main Address
350 GRANITE STREET 2203, BRAINTREE, MA, 02184
NTEE Category
Code: E910 - Health
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