Overview
What is The Protestant Home For The Aged Covenant Home?
The Protestant Home for the Aged Covenant Home, located at 5919 Magazine Street, New Orleans, LA 70115, is a 96-bed nursing home facility certified by Louisiana Health & Human Resources Administration as an Intermediate Care Facility for Long-Term Care of the Aged. This nonprofit institution primarily focuses on providing funding for operations related to long-term care for the elderly. Its mission is to ensure the well-being of the aged, employing a total workforce of 74 individuals.
What are the reviews and ratings of this charity?
Charity Navigator rating: 75%, Three-Star out of Four Star rating.
The Protestant Home For The Aged Covenant Home has received a solid Three-Star rating, which reflects a decent level of accountability and financial health. The organization scores particularly well in areas like board independence, with 100% of its board members being independent. Additionally, it has a strong program expense ratio of 77.22%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs.
In terms of governance, the nonprofit demonstrates strong policies, including a whistleblower policy and a clear document retention strategy, both of which are positive indicators of organizational integrity. The absence of material diversion of assets further reinforces its commitment to ethical practices.
While the rating suggests a reliable organization, there may still be room for improvement in financial performance metrics. However, overall, the Protestant Home For The Aged Covenant Home appears to be a well-managed nonprofit focused on serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is The Protestant Home For The Aged Covenant Home legitimate?
The Protestant Home For The Aged Covenant Home is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Protestant Home For The Aged Covenant Home 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: $674,174
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Protestant Home For The Aged Covenant Home?
The Protestant Home For The Aged Covenant Home's primary objective is to fund the operations associated with providing long-term care for the elderly. This is achieved through the revenue generated from its operations. The facility is certified as an Intermediate Care Facility for Long-Term Care of the Aged by Louisiana's Health & Human Resources Administration, and it operates a 96-bed nursing home. The institution's primary focus is to ensure the well-being and care of the elderly, providing them with a long-term living solution.
Who is the CEO of The Protestant Home For The Aged Covenant Home?
Margaret Hoffman is the Principal Officer of The Protestant Home For The Aged Covenant Home.
What is the revenue of The Protestant Home For The Aged Covenant Home?
The Protestant Home For The Aged Covenant Home's revenue in 2022 was $5,601,484.
Who are the executives of The Protestant Home For The Aged Covenant Home and what are their salaries?
The average compensation at The Protestant Home For The Aged Covenant Home during 2022 was $9,110. There are 74 employees at The Protestant Home For The Aged Covenant Home.
Here are 12 key members and their salaries:
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- Compensation: $143,670
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- Compensation: $259,200
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- Compensation: $159,042
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Where can I find the form 990 for The Protestant Home For The Aged Covenant Home?
The Protestant Home For The Aged Covenant Home's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Protestant Home For The Aged Covenant Home
The Protestant Home for the Aged Covenant Home is dedicated to providing funding for the operations related to long-term care for the elderly. This mission is achieved through the generation of revenues, ensuring that the facility can continue to offer essential services to its aged residents. The organization operates a 96-bed nursing home, certified by Louisiana Health & Human Resources Administration as an Intermediate Care Facility for Long-Term Care of the Aged. This designation signifies the commitment and standard of care provided by The Protestant Home for the Aged Covenant Home for its elderly population.
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Impact
July, 2024
The Protestant Home For The Aged Covenant Home, a 96-bed nursing home facility in New Orleans, Louisiana, provides long-term care for the aged. Its impact can be seen in the provision of quality care and support for elderly individuals who require specialized assistance. By offering a certified intermediate care facility, the Covenant Home ensures that seniors in need receive the attention and services necessary for their well-being. The revenues generated by this organization directly fund the operations related to long-term care for the aged, demonstrating a commitment to serving this vulnerable population with dignity and respect.
This information is meant to be a general summary of The Protestant Home For The Aged Covenant Home. 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: $75,405
- Program Service Revenue: $5,356,512
- Gross Receipts: $5,601,497
Assets and Liabilities:
- Total Assets: $5,619,103
- Total Liabilities: $484,172
- Net Assets: $5,134,931
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT FEES AND CHAR
Revenue
$5,356,512
Organization Details
Founding Year
1885
Phone
(504) 897-6216Principal Officer
Margaret Hoffman
Main Address
5919 MAGAZINE STREET, NEW ORLEANS, LA, 70115
NTEE Category
Code: E91 - Health
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