Overview
What is Merritt Island Rhf Housing Inc?
Merritt Island Rhf Housing Inc, specifically known as Courtenay Springs Village, is a nonprofit organization situated in Long Beach, California. Their primary mission is to offer quality living accommodations for senior citizens, providing 154 residential apartments and a 96-bed skilled nursing facility. The organization aims to create an environment that fosters healing, learning, and comfort, making transitions for aging residents easier. As part of Retirement Housing Foundation (RHF), Courtenay Springs Village offers affordable housing options and services to older adults, striving to enhance their overall quality of life physically, mentally, and spiritually. With a workforce of 123 employees, they are one of the nation's largest non-profit providers of housing and services for older adults, persons with disabilities, and low-income families.
Official website here: www.courtenayspringsvillage.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two-Star out of Four Star rating (66%)
Merritt Island Rhf Housing Inc has received a two-star rating from Charity Navigator, indicating significant areas for improvement. While the organization has a commendable accountability structure, with 100% independent board members and well-documented policies in place, it struggles in the financial reporting area. Notably, the absence of financial statements raises concerns about transparency and fiscal responsibility.
The organization demonstrates a strong commitment to its mission, as reflected in its program expense ratio of 80.61%, indicating that a substantial portion of its funds is directed toward its programs. However, its liabilities to assets ratio of 2168.58% is particularly alarming and suggests potential financial instability. This could affect the organization's ability to effectively serve its community in the long term.
Overall, while there are solid governance practices in place at Merritt Island Rhf Housing Inc, the lack of financial documentation and high liabilities relative to assets are critical issues that need to be addressed to improve the organization's standing and trust with donors and the public.
This AI summary has been generated from information found on Charity Navigator.
Is Merritt Island Rhf Housing Inc legitimate?
Merritt Island Rhf Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Merritt Island Rhf Housing 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: $3,529,179
For more financial information, click here
Official website here: www.courtenayspringsvillage.org
What is the mission statement of Merritt Island Rhf Housing Inc?
Merritt Island Rhf Housing Inc's mission is centered around providing housing options for senior citizens, aiming to enhance their overall quality of life. This is accomplished by offering a range of living facilities, including residential apartments and a skilled nursing facility, in an environment that fosters healing, learning, and comfort. The organization strives to make a seamless transition for its residents as they age, positioning itself as one of the nation's largest non-profit providers of housing and services for older adults, persons with disabilities, and low-income families. Courtenay Springs Village, a Retirement Housing Foundation (RHF) community under Merritt Island Rhf Housing Inc, offers affordable living options and services to older adults, focusing on providing a high standard of quality living.
Official website here: www.courtenayspringsvillage.org
Who is the CEO of Merritt Island Rhf Housing Inc?
Stuart Hartman is the Principal Officer of Merritt Island Rhf Housing Inc. The CEO's salary of Merritt Island Rhf Housing Inc is $0 and their total compensation is $399,323.
Official website here: www.courtenayspringsvillage.org
What is the revenue of Merritt Island Rhf Housing Inc?
Merritt Island Rhf Housing Inc's revenue in 2022 was $4,732,936.
Official website here: www.courtenayspringsvillage.org
Who are the executives of Merritt Island Rhf Housing Inc and what are their salaries?
The average compensation at Merritt Island Rhf Housing Inc during 2022 was $28,693. There are 123 employees and 18 volunteers at Merritt Island Rhf Housing Inc.
Here are 26 key members and their salaries (Merritt Island Rhf Housing Inc's CEO's salary is $0 and their total compensation is $399,323):
- Compensation: $0
- Related: $0
- Other: $0
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- 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
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $529,406
- Other: $72,819
- Compensation: $0
- Related: $215,329
- Other: $22,887
- Compensation: $0
- Related: $370,863
- Other: $28,460
- Compensation: $0
- Related: $220,808
- Other: $2,920
- Compensation: $0
- Related: $184,532
- Other: $14,950
- Compensation: $0
- Related: $225,577
- Other: $40,729
- Compensation: $0
- Related: $249,358
- Other: $38,027
- Compensation: $0
- Related: $285,306
- Other: $23,599
- Compensation: $0
- Related: $228,343
- Other: $34,063
- Compensation: $0
- Related: $400,678
- Other: $45,884
- Compensation: $0
- Related: $165,932
- Other: $16,120
- Compensation: $0
- Related: $178,388
- Other: $16,625
- Compensation: $0
- Related: $199,807
- Other: $40,223
- Compensation: $0
- Related: $215,812
- Other: $30,308
- Compensation: $0
- Related: $174,418
- Other: $13,813
Official website here: www.courtenayspringsvillage.org
Where can I find the form 990 for Merritt Island Rhf Housing Inc?
Merritt Island Rhf Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.courtenayspringsvillage.org
Learn more at the official website: www.courtenayspringsvillage.org
Mission Statement of Merritt Island Rhf Housing Inc
Merritt Island Rhf Housing Inc, a prominent non-profit organization, is dedicated to providing housing solutions that enhance the overall well-being of older adults. Their mission is to create an environment that caters to the physical, mental, and spiritual needs of senior citizens. They achieve this by offering a variety of living options, including 154 residential apartments and a 96-bed skilled nursing facility. This setup allows for a seamless transition in care as individuals age.
The organization strives to establish a healing, learning, and comfortable environment at their community. Merritt Island Rhf Housing Inc is one of the largest providers of housing and services for older adults, individuals with disabilities, and low-income families in the nation. By being part of the Retirement Housing Foundation (RHF), they offer affordable living options and services to older adults, making it their priority to cater to the housing needs of this demographic.
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Impact
July, 2024
Merritt Island Rhf Housing Inc's impact is focused on providing quality living arrangements and care for senior citizens in Merritt Island, Florida. Through their 154 residential apartments and a 96-bed skilled nursing facility at Courtenay Springs Village, they offer various levels of care to help residents transition easily as they age. By creating an environment that promotes healing, learning, and comfort, they are contributing to the well-being and quality of life of older adults in the community. As part of Retirement Housing Foundation (RHF), they are part of a larger mission to provide affordable living options and services to older adults, persons with disabilities, and low-income families.
This information is meant to be a general summary of Merritt Island Rhf Housing 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: -$5,393,513
- Program Service Revenue: $9,790,470
- Gross Receipts: $26,880,913
Assets and Liabilities:
- Total Assets: $1,121,011
- Total Liabilities: $24,310,079
- Net Assets: -$23,189,068
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SKILLED NURSING
Revenue
$6,315,569
RENTAL SERVICES
Revenue
$3,474,901
Organization Details
Founding Year
1986
Phone
(562) 257-5100Principal Officer
Stuart Hartman
Main Address
911 N STUDEBAKER ROAD, LONG BEACH, CA, 90815
NTEE Category
Code: L00 - Housing
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