Overview
What is Mayflower Retirement Center Inc?
Mayflower Retirement Center Inc is a nonprofit organization based in Winter Park, Florida, providing housing and services for the elderly. They offer 218 residential apartment units ranging from one to two bedrooms, as well as 28 single-family villas. The organization operates under the "continuing care" concept, requiring an entrance fee and monthly service fee for residents, granting them access to the community's amenities, services, and certain nursing care for life. Mayflower Retirement Center's offerings include healthcare, personal services, and security. During the current year, there were approximately 82,986 resident days. Their mission is to create a quality retirement community that meets the needs of its residents through basic services, amenities, and healthcare. The organization employs a workforce of 423 individuals.
Official website here: www.themayflower.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Mayflower Retirement Center Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid overall score of 81%. This rating is derived entirely from its Accountability & Finance score, which indicates transparency and responsible financial practices. The organization demonstrates strong governance, with 91% of its board members being independent and having a well-structured oversight committee in place.
One of the noteworthy strengths of Mayflower Retirement Center is its high program expense ratio of 86.82%, suggesting that a significant portion of its resources is directed towards its mission-related activities rather than administrative costs. Furthermore, the organization has robust policies in place, including conflict of interest, whistleblower protections, and document retention, which contribute to its accountability.
However, the organization has a relatively high liabilities to assets ratio at 89.48%, which may raise concerns regarding financial stability. While this does not detract from its overall transparency, it indicates potential financial challenges that may need to be addressed moving forward. Overall, Mayflower Retirement Center Inc appears to be a well-managed organization with a commitment to accountability and effective use of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Mayflower Retirement Center Inc legitimate?
Mayflower Retirement Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mayflower Retirement Center 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: $645,677
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,964,880
For more financial information, click here
Official website here: www.themayflower.com
What is the mission statement of Mayflower Retirement Center Inc?
Mayflower Retirement Center Inc is dedicated to providing a quality retirement community for the elderly. Their mission encompasses meeting the needs of residents through continuity of care, which includes essential services, amenities, security, nutrition, and healthcare. The organization offers various living options, including apartment units and villas, with an entrance fee and monthly service fee for access to the community's offerings for life. The agreement does not grant residents ownership of the property. During the current year, there were over 82,900 resident days at the center.
Official website here: www.themayflower.com
Who is the CEO of Mayflower Retirement Center Inc?
Steve Kramer is the President/Ceo of Mayflower Retirement Center Inc. The CEO's salary of Mayflower Retirement Center Inc is $303,273 and their total compensation is $313,203.
Official website here: www.themayflower.com
What is the revenue of Mayflower Retirement Center Inc?
Mayflower Retirement Center Inc's revenue in 2022 was $25,996,509.
Official website here: www.themayflower.com
Who are the executives of Mayflower Retirement Center Inc and what are their salaries?
The average compensation at Mayflower Retirement Center Inc during 2022 was $22,720. There are 423 employees and 100 volunteers at Mayflower Retirement Center Inc.
Here are 19 key members and their salaries (Mayflower Retirement Center Inc's CEO's salary is $303,273 and their total compensation is $313,203):
- Compensation: $303,273
- Related: $0
- Other: $9,930
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- Other: $0
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- Compensation: $172,521
- Related: $0
- Other: $5,149
- Compensation: $169,884
- Related: $0
- Other: $4,618
- Compensation: $136,947
- Related: $0
- Other: $5,709
- Compensation: $125,451
- Related: $0
- Other: $5,365
- Compensation: $125,677
- Related: $0
- Other: $842
- Compensation: $112,409
- Related: $0
- Other: $2,532
- Compensation: $108,736
- Related: $0
- Other: $2,607
Official website here: www.themayflower.com
Where can I find the form 990 for Mayflower Retirement Center Inc?
Mayflower Retirement Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.themayflower.com
Learn more at the official website: www.themayflower.com
Mission Statement of Mayflower Retirement Center Inc
The Mayflower Retirement Center Inc is dedicated to providing a high-quality retirement community for the elderly. This nonprofit organization offers more than 200 residential apartment units ranging from one to two bedrooms, as well as 28 single-family villas. Mayflower Retirement Center operates under the "continuing care" concept, which requires residents to enter into an occupancy agreement and pay a one-time entrance fee and a monthly service fee. In return, residents are entitled to use and enjoy the facilities and services of the Mayflower Retirement Center for life, which includes certain nursing services in the skilled nursing facility. It is important to note that these payments do not grant residents an interest in the real estate or any property owned by the Mayflower Retirement Center. During the current year, the Mayflower Retirement Center provided services for over 82,986 resident days.
At the heart of the Mayflower Retirement Center's mission is the provision of a quality retirement community that includes basic services, amenities, security, nutrition, and healthcare, all necessary to meet the needs of its residents. The organization offers a continuum of care, enabling seniors to age in place and receive the support they need as their requirements change. The Mayflower Retirement Center is committed to ensuring that its elderly residents live comfortably and securely, with access to much-needed healthcare services and the opportunity to engage in social activities within the community. By offering a range of housing options and services tailored to the needs of the elderly, the Mayflower Retirement Center aims to provide a fulfilling and enjoyable retirement experience.
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Impact
October, 2024
Mayflower Retirement Center Inc significantly enhances the quality of life for the elderly by offering a comprehensive range of housing, healthcare, and personal services tailored to meet their needs. With 218 residential apartment units and 28 single-family villas, the center provides a diverse living environment that supports independent living while ensuring residents have access to necessary amenities and services.
Operating under the "continuing care" concept, Mayflower allows residents to enter into occupancy agreements that secure their right to access various healthcare services throughout their lifetime. This model ensures that as residents' needs change, they can receive appropriate care without the stress of relocating. In the past year, the center recorded 82,986 resident days, reflecting its active engagement and ability to cater to a significant number of individuals.
The mission of Mayflower is rooted in delivering a quality retirement community that includes essential services such as security, nutrition, and health care. By prioritizing the well-being of its residents, Mayflower not only fosters a supportive environment but also promotes social engagement and community connection among seniors, ultimately enhancing their overall well-being and peace of mind.
This information is meant to be a general summary of Mayflower Retirement Center 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: $1,221,695
- Program Service Revenue: $24,543,942
- Gross Receipts: $26,222,010
Assets and Liabilities:
- Total Assets: $221,592,860
- Total Liabilities: $198,290,543
- Net Assets: $23,302,317
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INDEPENDENT LIVING FEES
Revenue
$10,181,737
HEALTHCARE SERVICE FEES
Revenue
$7,120,121
EARNED ENTRANCE FEES
Revenue
$5,414,274
ASSISTED LIVING REVENUE
Revenue
$1,420,770
OTHER RESIDENT REVENUE
Revenue
$407,040
Organization Details
Founding Year
1973
Phone
(407) 672-1620Principal Officer
Steve Kramer
Main Address
1620 MAYFLOWER COURT, WINTER PARK, FL, 327922500
Website
www.themayflower.comNTEE Category
Code: P750 - Human services
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