Overview
What is Masonic Home Endowment Fund Inc?
Masonic Home Endowment Fund Inc is a nonprofit organization situated in Jacksonville, Florida. Its primary mission is to offer housing and appropriate facilities to cater to the needs of the elderly residing in a Masonic home. The organization aims to provide financial support for skilled care and a congregative living facility, ensuring a comfortable living environment for the elderly population. By doing so, Masonic Home Endowment Fund Inc contributes to enhancing the quality of life for the elderly community in its area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
The Masonic Home Endowment Fund Inc has received a commendable rating of 86%, indicating a strong performance in accountability and finance. This score reflects the organization’s commitment to transparency, with 100% of its board members being independent. The high score in financial statements and oversight demonstrates effective governance and responsible management of resources.
Strengths include a solid program expense ratio of nearly 100%, suggesting that the majority of funds are directed towards fulfilling its mission rather than administrative costs. The charity has no material diversion of assets, which reassures donors of the integrity in handling funds. Additionally, the organization has a clear document retention policy and maintains meeting minutes, further reinforcing its accountability practices.
While the rating is positive, the focus solely on accountability and finance means that other aspects such as program impact and donor feedback are not evaluated in this score. Potential donors might seek more comprehensive information about operational effectiveness and the outcomes of funded programs to make an informed decision.
This AI summary has been generated from information found on Charity Navigator.
Is Masonic Home Endowment Fund Inc legitimate?
Masonic Home Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Masonic Home Endowment Fund 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: $0
For more financial information, click here
What is the mission statement of Masonic Home Endowment Fund Inc?
The Masonic Home Endowment Fund Inc's mission is centered around providing financial aid. Specifically, it aims to offer funds for skilled care and a congregate living facility designed for the elderly. This is done on a non-profit basis, with the primary goal of meeting the needs of the elderly residents in this facility. In essence, the organization's mission is to ensure that the elderly have access to quality care and living conditions.
Who is the CEO of Masonic Home Endowment Fund Inc?
Unavailable
What is the revenue of Masonic Home Endowment Fund Inc?
Masonic Home Endowment Fund Inc's revenue in 2023 was $4,061,657.
Who are the executives of Masonic Home Endowment Fund Inc and what are their salaries?
There 100 volunteers at Masonic Home Endowment Fund Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Masonic Home Endowment Fund Inc?
Masonic Home Endowment Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Masonic Home Endowment Fund Inc
The Masonic Home Endowment Fund Inc, as a non-profit organization, is dedicated to providing financial support for the establishment and maintenance of a skilled care facility and congregate living accommodations for the elderly. Their mission is to ensure the elderly have access to housing and essential facilities that cater to their specific needs, all while operating on a not-for-profit basis. By doing so, the Masonic Home Endowment Fund Inc aims to enhance the quality of life for elders residing in their care, ensuring they receive the necessary support to lead fulfilling lives.
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Impact
July, 2024
Masonic Home Endowment Fund Inc provides funds for skilled care and a congregative living facility for the elderly in Jacksonville, FL. Their mission is to offer housing and facilities to meet the needs of elderly residents at the Masonic home, ensuring they have access to the care and support they require. As a result, the organization has a direct impact on enhancing the quality of life for elderly individuals in their community, fulfilling a crucial societal need for senior care services.
This information is meant to be a general summary of Masonic Home Endowment Fund 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: $2,092,025
- Gross Receipts: $4,061,657
Assets and Liabilities:
- Total Assets: $33,310,777
- Total Liabilities: $2,440,263
- Net Assets: $30,870,514
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Organization Details
Founding Year
1986
Phone
(904) 354-2339Main Address
PO Box 1020, Jacksonville, FL, 32201
NTEE Category
Code: Y40 - Mutual benefit
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