Overview
What is The Home Place Of Madison?
The Home Place of Madison is a nonprofit organization situated in Madison, Mississippi. With a dedicated workforce of 53 individuals, their primary mission is to coordinate and deliver services tailored to the evolving needs of older adults, aiming to assist and support the elderly population. Previously, they also managed personal care and independent living facilities, but these were sold in August 2022. Despite the change, their commitment to older adults remains unwavering, offering essential services to approximately 60 individuals in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating). The Home Place of Madison has demonstrated a solid performance in accountability and finance, earning a commendable score of 82%. This rating reflects the organization’s strong governance practices, including a fully independent board of directors and comprehensive financial oversight.
The organization has excelled in several key areas, showcasing a program expense ratio of 87.81%, which indicates that a significant portion of its funds is directed towards programs rather than administrative costs. The absence of material asset diversion and the maintenance of a low liabilities to assets ratio of 1.02% further highlight its financial stability and commitment to responsible management.
While the overall rating is positive, it indicates room for improvement, particularly in enhancing transparency or expanding its program outreach. Nonetheless, the strong accountability measures and effective financial practices position The Home Place of Madison as a reliable nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Home Place Of Madison legitimate?
The Home Place Of Madison is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Home Place Of Madison 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: $217,502
For more financial information, click here
What is the mission statement of The Home Place Of Madison?
The Home Place of Madison is committed to coordinating and delivering services that cater to the evolving needs of older adults. Their primary objective is to provide support and assistance to the elderly population. This mission is carried out by coordinating and delivering services that are tailored to meet the changing requirements of this demographic.
Who is the CEO of The Home Place Of Madison?
Hilda Westbrook is the Co-Chair of The Home Place Of Madison.
What is the revenue of The Home Place Of Madison?
The Home Place Of Madison's revenue in 2023 was $712,842.
Who are the executives of The Home Place Of Madison and what are their salaries?
The average compensation at The Home Place Of Madison during 2023 was $4,104. There are 53 employees and 10 volunteers at The Home Place Of Madison.
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Where can I find the form 990 for The Home Place Of Madison?
The Home Place Of Madison's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Home Place Of Madison
The Home Place of Madison, a notable organization, is dedicated to serving the evolving needs of older adults. Its primary mission is to offer assistance and aid to this demographic, aiming to improve their quality of life. The organization takes a proactive approach, coordinating and delivering services tailored to the shifting requirements of the elderly population. By doing so, The Home Place of Madison strives to provide support and assistance that empowers and assists older adults in maintaining their independence. Regrettably, information about the specific services and programs offered by The Home Place of Madison was not provided, limiting the extent of this summary. However, it is evident that the organization's mission is centered around supporting and empowering older adults, ensuring they receive the care and assistance they require.
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Impact
July, 2024
The Home Place of Madison has had a significant impact on the elderly population in Madison, Mississippi. By coordinating and delivering services that meet the changing needs of older adults, the organization has been instrumental in providing care for approximately 60 elderly individuals. Additionally, The Home Place of Madison has played a key role in helping the elderly maintain their independence and receive the necessary support they require. The organization's mission to serve the elderly reflects its commitment to enhancing the quality of life for this vulnerable population.
This information is meant to be a general summary of The Home Place Of Madison. 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: $380,027
- Program Service Revenue: $261,073
- Gross Receipts: $1,878,003
Assets and Liabilities:
- Total Assets: $6,715,149
- Total Liabilities: $69,111
- Net Assets: $6,646,038
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CARE RELATED INCOME
Revenue
$261,073
Organization Details
Founding Year
1914
Phone
(601) 668-4208Principal Officer
Hilda Westbrook
Main Address
PO BOX 720, MADISON, MS, 391300720
NTEE Category
Code: E91Z - Health
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