Overview
What is Methodist Home For The Aging?
Methodist Homes Corporation, also known as Methodist Home For The Aging, is a nonprofit organization based in Birmingham, Alabama. This institution specializes in providing retirement and nursing home care for the elderly population. It offers essential housing and nursing services to seniors, contributing significantly to their well-being by offering approximately 143,048 resident/patient days in the past year.
Official website here: www.methodisthomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%
Methodist Home For The Aging has earned a Three-Star out of Four Star rating from Charity Navigator, reflecting a solid performance in the area of accountability and finance. The organization scores 81% in accountability and finance, indicating a commitment to transparency and responsible management of funds. This rating is based on various metrics, including the presence of independent board members and the establishment of financial oversight, which contribute positively to its overall score.
The nonprofit showcases strong governance practices, with a fully independent board and comprehensive policies in place, such as conflict of interest and whistleblower policies. Additionally, it achieves commendable program expense ratios, demonstrating that a significant portion of its funds is allocated directly to its mission-related activities. This suggests a focus on effectively utilizing donations for the intended purposes.
While the financial health indicators are favorable, it is important to consider the overall context of the nonprofit sector and the specific challenges that organizations like Methodist Home For The Aging may face. Potential donors and stakeholders should weigh the strengths highlighted by the rating against any broader considerations regarding the organization's impact and long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Methodist Home For The Aging legitimate?
Methodist Home For The Aging is a legitimate nonprofit organization registered as a 501(c)(3) entity. Methodist Home For The Aging 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
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Other Salaries and Wages: $22,352,941
For more financial information, click here
Official website here: www.methodisthomes.org
What is the mission statement of Methodist Home For The Aging?
Methodist Homes Corporation is dedicated to providing retirement and nursing home care for the elderly. Through its services, the organization offers housing and nursing care, enabling seniors to reside in an environment suited to their needs. In the past year, the corporation facilitated around 143,000 resident/patient days, ensuring the well-being of a significant number of elderly individuals. The mission of Methodist Homes Corporation is to prioritize the care and comfort of the aging population, offering them a place where they can receive essential support and attention. The organization's ultimate goal is to create a welcoming and nurturing community for seniors, allowing them to live their later years with dignity and peace.
Official website here: www.methodisthomes.org
Who is the CEO of Methodist Home For The Aging?
Christopher Tomlin is the President, Ceo of Methodist Home For The Aging. The CEO's salary of Methodist Home For The Aging is $380,379 and their total compensation is $380,379.
Official website here: www.methodisthomes.org
What is the revenue of Methodist Home For The Aging?
Methodist Home For The Aging's revenue in 2022 was $48,216,255.
Official website here: www.methodisthomes.org
Who are the executives of Methodist Home For The Aging and what are their salaries?
The average compensation at Methodist Home For The Aging during 2022 was $21,808. There are 1025 employees at Methodist Home For The Aging.
Here are 36 key members and their salaries (Methodist Home For The Aging's CEO's salary is $380,379 and their total compensation is $380,379):
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- Compensation: $189,974
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Official website here: www.methodisthomes.org
Where can I find the form 990 for Methodist Home For The Aging?
Methodist Home For The Aging's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.methodisthomes.org
Learn more at the official website: www.methodisthomes.org
Mission Statement of Methodist Home For The Aging
Methodist Homes Corporation, a leading provider in retirement and nursing home care, is dedicated to making a difference in the lives of the elderly. Based on the information provided, this nonprofit organization focuses on offering housing and nursing care to those in need. With a commitment to serving a substantial number of residents, Methodist Homes Corporation provided around 143,000 resident/patient days last year.
In simple terms, Methodist Homes Corporation's primary goal is to create an enriching environment for older adults, ensuring they receive essential housing and nursing care. By doing so, it contributes significantly to improving the well-being and quality of life for this vulnerable population. The organization's mission is centered around providing vital services that cater to the unique needs of the elderly, ultimately enabling them to live with dignity and respect.
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Impact
October, 2024
Methodist Home For The Aging plays a significant role in the Birmingham community by providing essential retirement and nursing home care services for the elderly. With a commitment to the well-being of its residents, the organization has facilitated approximately 143,048 resident and patient days in the past year, ensuring that older individuals receive the housing and nursing care they need for a comfortable and dignified life.
The services offered help alleviate the challenges associated with aging, allowing seniors to live in a supportive environment that prioritizes their health and happiness. By meeting the needs of aged populations, Methodist Home For The Aging not only fosters a sense of community and belonging but also plays a crucial role in enhancing the overall quality of life for its residents and their families. Through its compassionate care and dedicated support, the organization actively contributes to the well-being of the elderly, making a lasting impact on the lives of many in Birmingham, AL.
This information is meant to be a general summary of Methodist Home For The Aging. 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: -$2,835,770
- Program Service Revenue: $44,632,041
- Gross Receipts: $51,769,990
Assets and Liabilities:
- Total Assets: $110,814,317
- Total Liabilities: $88,867,803
- Net Assets: $21,946,514
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICARE AND MEDICAID PAYMENT
Revenue
$25,493,639
PROGRAM REVENUE
Revenue
$19,138,402
Organization Details
Founding Year
1956
Phone
(205) 951-2442Principal Officer
Christopher Tomlin
Main Address
1520 COOPER HILL ROAD, BIRMINGHAM, AL, 35210
Website
www.methodisthomes.orgNTEE Category
Code: P750 - Human services
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