Overview
What is Centro Geriatrico La Milagrosa?
Centro Geriatrico La Milagrosa is a nonprofit organization located in Mayaguez, Puerto Rico. Their primary mission is to enhance the quality of life for the elderly community, offering essential services such as nutritional care and recreational activities. The organization's operations involve covering various expenses, including nutrition, recreation, and transportation. Centro Geriatrico La Milagrosa serves a significant portion of the population in Mayaguez, providing direct services to its residents. With a team of 13 dedicated individuals, the organization's core activities focus on improving the well-being and social interaction of the elder population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating
Centro Geriatrico La Milagrosa has received a low rating from Charity Navigator, reflecting significant concerns in governance and financial accountability. With an overall score of just 45%, the organization lacks independent board members, scoring 0% in this area, which is critical for ensuring transparent leadership. Although there are no reported material diversions of assets, the absence of adherence to several best practices, such as having a whistleblower and document retention policy, raises red flags.
On the positive side, the nonprofit has a healthy program expense ratio of 71.84%, indicating that a substantial portion of its funds is directed towards its programs rather than administrative costs. This suggests a commitment to prioritizing the services it provides. However, the liabilities to assets ratio is alarmingly high at 524.29%, highlighting potential financial instability and risks that could affect its operations and sustainability.
Overall, while Centro Geriatrico La Milagrosa shows strengths in its program spending, the serious governance issues and poor financial practices reflected in its rating signal a need for significant improvement to ensure accountability and build donor trust.
This AI summary has been generated from information found on Charity Navigator.
Is Centro Geriatrico La Milagrosa legitimate?
Centro Geriatrico La Milagrosa is a legitimate nonprofit organization registered as a 501(c)(3) entity. Centro Geriatrico La Milagrosa 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: $18,882
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Centro Geriatrico La Milagrosa?
Centro Geriatrico La Milagrosa's mission is centered around enhancing the quality of life for the elderly community. The organization strives to achieve this by offering nutritional healthcare and recreational services. Their primary focus is on providing direct services to individuals residing in various locations, with Mayaguez, P.R. being one of them. The organization's activities involve expenditures on nutritional, recreational, and transportation-related services, all aimed at fostering a better lifestyle for the elderly population.
Who is the CEO of Centro Geriatrico La Milagrosa?
Victor Almodovar Ferrer is the Principal Officer of Centro Geriatrico La Milagrosa.
What is the revenue of Centro Geriatrico La Milagrosa?
Centro Geriatrico La Milagrosa's revenue in 2022 was $169,411.
Who are the executives of Centro Geriatrico La Milagrosa and what are their salaries?
The average compensation at Centro Geriatrico La Milagrosa during 2022 was $1,452. There are 13 employees at Centro Geriatrico La Milagrosa.
Here are 10 key members and their salaries:
- Compensation: $18,882
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Where can I find the form 990 for Centro Geriatrico La Milagrosa?
Centro Geriatrico La Milagrosa's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Centro Geriatrico La Milagrosa
Centro Geriatrico La Milagrosa, a nonprofit organization, is dedicated to enhancing the quality of life for the elderly community. Its mission revolves around providing nutritional health care and recreational services, with the aim of improving their overall well-being. The organization focuses on direct services, primarily benefiting individuals residing in various locations. By offering nutritious meals and engaging recreational activities, Centro Geriatrico La Milagrosa strives to create an enriching environment that encourages social interaction and promotes holistic health among its elderly population.
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Impact
October, 2024
Centro Geriatrico La Milagrosa has a significant impact on the elderly community in Mayaguez, Puerto Rico, by enhancing their quality of life through comprehensive services. By focusing on nutrition and socialization, the center addresses essential aspects of elderly care that contribute to both physical and mental well-being.
The organization's offerings include nutritional health care, ensuring that older adults receive balanced diets tailored to their needs, which is vital for maintaining health and preventing malnutrition. Additionally, the recreational services foster socialization among seniors, which is crucial for combating feelings of isolation and loneliness that can accompany advanced age.
With attention to transportation, the center helps ensure that elderly individuals have access to these vital services, further promoting their independence and participation in community activities. Overall, Centro Geriatrico La Milagrosa acts as a cornerstone in the Mayaguez community, providing necessary resources and fostering a supportive environment for its elderly residents.
This information is meant to be a general summary of Centro Geriatrico La Milagrosa. 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.
- Gross Receipts: $169,411
Assets and Liabilities:
- Total Assets: $26,416
- Total Liabilities: $138,500
- Net Assets: -$112,084
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Organization Details
Founding Year
1973
Phone
(787) 834-0688Principal Officer
Victor Almodovar Ferrer
Main Address
PO BOX 2247, MAYAGUEZ, PR, 006812247
NTEE Category
Code: L22 - Housing
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