Overview
What is Golden Age Home?
Golden Age Home, established in Lockhart, Texas in 1957, is a nonprofit organization dedicated to offering retirement care in a welcoming, Christian atmosphere. Their primary mission is to provide compassionate care for individuals who require such services, fostering an environment that promotes friendship and support. The organization's activities center around ensuring the well-being and comfort of its residents, offering them a sanctuary during their retirement years.
Official website here: www.goldenagehome.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating.
Golden Age Home has achieved a 71% overall rating, reflecting a solid performance in various accountability and financial metrics. The organization boasts a 100% independent board, which is crucial for maintaining transparency and effective governance. Additionally, it has demonstrated a strong commitment to preserving its assets, with no material diversion reported and a favorable liabilities to assets ratio of 1.96%.
The program expense ratio stands at an impressive 87.62%, indicating that a significant portion of its funds is dedicated to programs rather than administrative costs. However, the two-star rating suggests that while the organization performs well in some areas, there may be room for improvement in overall operational effectiveness or financial health. It might be beneficial for the organization to focus on enhancing its ratings to build greater trust and support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Golden Age Home legitimate?
Golden Age Home is a legitimate nonprofit organization registered as a 501(c)(3) entity. Golden Age 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: $74,826
Professional Fundraising Fees: $0
Other Salaries and Wages: $618,393
For more financial information, click here
Official website here: www.goldenagehome.com
What is the mission statement of Golden Age Home?
The Golden Age Home, established in 1957, has a mission to offer retirement care in a welcoming and faith-based setting. Its primary goal is to provide care for individuals who are no longer able to live independently. By operating in a friendly Christian environment, the institution seeks to enhance the quality of life for its residents.
Official website here: www.goldenagehome.com
What is the revenue of Golden Age Home?
Golden Age Home's revenue in 2024 was $1,098,435.
Official website here: www.goldenagehome.com
Who are the executives of Golden Age Home and what are their salaries?
The average compensation at Golden Age Home during 2024 was $15,070. There are 46 employees and 50 volunteers at Golden Age Home.
Here are 11 key members and their salaries:
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- Compensation: $67,784
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- Other: $7,041
Official website here: www.goldenagehome.com
Where can I find the form 990 for Golden Age Home?
Golden Age Home's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.goldenagehome.com
Learn more at the official website: www.goldenagehome.com
Mission Statement of Golden Age Home
The Golden Age Home, established in 1957, has dedicated its mission to providing retirement care in a nurturing, Christian environment. This nonprofit organization has a heart for caring for individuals who require such assistance, offering a supportive atmosphere during their golden years. The mission of the Golden Age Home is rooted in the belief of providing care with kindness and compassion, ensuring that each resident feels valued and well-cared for.
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Impact
July, 2024
Golden Age Home in Lockhart, TX, has had a significant impact on providing retirement care in a friendly, Christian environment since its establishment in 1957. It has been committed to caring for those who can no longer live independently, ensuring they receive the support and assistance they need. The home's mission emphasizes creating a nurturing and compassionate space for seniors to live out their golden years with dignity and comfort. Through its dedicated services, Golden Age Home has positively impacted the health and well-being of the elderly residents it serves, promoting a sense of community and belonging.
This information is meant to be a general summary of Golden Age 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 2024.
- Investment Income: $62,484
- Program Service Revenue: $1,009,116
- Gross Receipts: $1,153,292
Assets and Liabilities:
- Total Assets: $1,228,323
- Total Liabilities: $90,907
- Net Assets: $1,137,416
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Resident Care
Revenue
$1,009,116
Organization Details
Founding Year
1957
Principal Officer
Wes Boullioun
Website
www.goldenagehome.comNTEE Category
Code: E91 - Health
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