Henderson County Health Care Corporation-Two

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 611047019 ✦ Henderson, KY ✦ Designated as a 501(c)(3)

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Overview

What is Henderson County Health Care Corporation-Two?

Henderson County Health Care Corporation-Two is a nonprofit organization situated in Henderson, Kentucky. Their primary focus is to provide affordable housing for the elderly and mobility-impaired individuals, offering a total of 125 apartments. With a dedicated team of 23 employees, the organization strives to uphold the dignity, freedom of choice, and independence of its residents while ensuring they maintain the highest possible lifestyle. Their mission extends beyond housing, as they aim to be a beacon of outreach within the community, continually seeking to enhance the quality of care and services provided to senior citizens.


Official website here: www.redbanks.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81%, Three-Star out of Four Star Rating.

Henderson County Health Care Corporation-Two has received a commendable rating of 81%, which translates to a Three-Star designation. This score reflects a strong focus on accountability and financial transparency, demonstrating that the organization is effectively managing its resources. The ratings are based entirely on its Accountability & Finance score, indicating a robust financial standing and ethical governance practices.

The organization showcases significant strengths, including a fully independent board of directors and a solid program expense ratio of 87.29%. Furthermore, it has established comprehensive policies, such as a conflict of interest policy and a whistleblower policy, which contribute to its integrity and accountability. The financial oversight is bolstered by an active audit committee, ensuring that the organization adheres to high standards in financial management.

However, while the overall score is positive, the reliance solely on the Accountability & Finance beacon means it may not reflect other important aspects of effectiveness or impact. Future evaluations could benefit from including additional metrics to provide a more rounded view of the nonprofit's overall performance and community impact.


This AI summary has been generated from information found on Charity Navigator.

Is Henderson County Health Care Corporation-Two legitimate?

Henderson County Health Care Corporation-Two is a legitimate nonprofit organization registered as a 501(c)(3) entity. Henderson County Health Care Corporation-Two 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: $212,653

For more financial information, click here


Official website here: www.redbanks.org

What is the mission statement of Henderson County Health Care Corporation-Two?

Henderson County Health Care Corporation-Two's mission is centered around providing quality care, services, and housing for senior citizens and those with mobility impairments. The corporation operates 125 low-income apartments and employs a staff of 23. Their commitment extends beyond just housing, aiming to preserve the dignity, freedom of choice, and independence of their residents, enabling them to maintain the highest possible lifestyle. The corporation strives to be an active outreach within the community.


Official website here: www.redbanks.org

Who is the CEO of Henderson County Health Care Corporation-Two?

Tim Williams is the Board Member of Henderson County Health Care Corporation-Two.


Official website here: www.redbanks.org

What is the revenue of Henderson County Health Care Corporation-Two?

Henderson County Health Care Corporation-Two's revenue in 2023 was $1,054,772.


Official website here: www.redbanks.org

Who are the executives of Henderson County Health Care Corporation-Two and what are their salaries?

The average compensation at Henderson County Health Care Corporation-Two during 2023 was $11,814. There are 18 employees at Henderson County Health Care Corporation-Two.


Here are 6 key members and their salaries:


James Long (Board Member)
  • Compensation: $0
  • Related: $7,500
  • Other: $0
Frank Chanberlain (Treasurer)
  • Compensation: $0
  • Related: $9,300
  • Other: $0
Tim Willaims (Chairman)
  • Compensation: $0
  • Related: $7,500
  • Other: $0
John Denton (Vice Chairman)
  • Compensation: $0
  • Related: $5,500
  • Other: $0
Maurice Forker (Board Member)
  • Compensation: $0
  • Related: $7,500
  • Other: $0
Eric Brown (Secretary)
  • Compensation: $0
  • Related: $7,500
  • Other: $0


Official website here: www.redbanks.org

Where can I find the form 990 for Henderson County Health Care Corporation-Two?

Henderson County Health Care Corporation-Two's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.redbanks.org

Learn more at the official website: www.redbanks.org

Mission Statement of Henderson County Health Care Corporation-Two

Henderson County Health Care Corporation-Two, a nonprofit organization, is committed to serving the community by providing low-income apartments specifically designed for the elderly or those with mobility impairments. The residence offers 125 apartments and employs a team of 23 dedicated individuals. The mission of this organization is multifaceted, aiming to provide quality care, services, and housing for seniors. It strives to uphold the dignity, freedom of choice, and independence needed for these individuals to maintain the highest possible lifestyle. In essence, Henderson County Health Care Corporation-Two seeks to be an outreach to the community, ensuring that its elderly residents live comfortably and with respect.

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Impact




July, 2024

Henderson County Health Care Corporation-Two's impact is focused on providing low-income apartments for the aged in a graceful setting. With 125 apartments and a staff of 23 employees, this residence serves individuals aged 62 and older or those with mobility impairments. The organization's mission is to be an outreach to the community by offering quality care, services, and housing for seniors while upholding each individual's dignity, freedom of choice, and independence necessary to maintain the highest practicable lifestyle.




This information is meant to be a general summary of Henderson County Health Care Corporation-Two. 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.

Revenue
$1,054,772 (2023)
Expenses
$969,228 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $602
  • Program Service Revenue: $1,054,170
  • Gross Receipts: $1,054,772

Assets and Liabilities:

  • Total Assets: $846,872
  • Total Liabilities: $4,335,289
  • Net Assets: -$3,488,417

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT INCOME

Revenue

$1,040,143

LAUNDRY

Revenue

$6,096

BEAUTY SHOP

Revenue

$250

DAMAGES

Revenue

$2,070

NSF FEES

Revenue

$25

Organization Details

Founding Year

1985

Principal Officer

Tim Williams

Main Address

851 KIMSEY LANE, HENDERSON, KY, 424202665

NTEE Category

Code: E21 - Health

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