Overview
What is Clarewood House Inc?
Clarewood House Inc is a nonprofit organization situated in Houston, Texas, specifically at 7400 Clarewood Drive. Their primary mission is to cater to the elderly, offering a faith-based residential retirement community. This encompasses independent living apartments, assisted living, and skilled nursing care. Their facilities are designed with the elderly in mind, providing a comfortable living environment with various levels of care depending on each individual's needs. With a workforce of 243 dedicated employees, Clarewood House Inc strives to ensure the elderly receive the best possible care and support during their retirement years.
Official website here: www.clarewoodhouse.com
What are the reviews and ratings of this charity?
Clarewood House Inc has achieved a Four-Star out of Four Star rating from Charity Navigator with a commendable score of 96%. This rating is based entirely on their Accountability & Finance metrics, indicating strong governance and financial health. The organization excels in having a fully independent board, robust financial oversight, and effective policy implementation.
The nonprofit demonstrates fiscal prudence with a liabilities to assets ratio of just 3.66% and a high program expense ratio, dedicating 89.03% of its expenses towards program services. Furthermore, they maintain transparency and accountability through detailed documentation of board meetings and a comprehensive internal policy framework.
While the organization demonstrates many strengths, it falls short in a particular area; the tax form is not posted on their website as indicated on Form 990, costing them potential full marks in transparency. Despite this, Clarewood House Inc remains a financially responsible and well-governed independent organization.
This AI summary has been generated from information found on Charity Navigator.
Is Clarewood House Inc legitimate?
Clarewood House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clarewood House Inc 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: $375,143
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,153,781
For more financial information, click here
Official website here: www.clarewoodhouse.com
What is the mission statement of Clarewood House Inc?
Clarewood House Inc's mission is centered around providing specialized facilities and services for the elderly. This encompasses Independent Living apartments, Assisted Living, and both short-term and long-term skilled nursing care. Their objective is to cater to the needs of elderly individuals, offering them a faith-based retirement community where they can reside comfortably.
Official website here: www.clarewoodhouse.com
Who is the CEO of Clarewood House Inc?
Patrick Pheifer is the President of Clarewood House Inc.
Official website here: www.clarewoodhouse.com
What is the revenue of Clarewood House Inc?
Clarewood House Inc's revenue in 2022 was $11,620,344.
Official website here: www.clarewoodhouse.com
Who are the executives of Clarewood House Inc and what are their salaries?
The average compensation at Clarewood House Inc during 2022 was $22,753. There are 243 employees and 15 volunteers at Clarewood House Inc.
Here are 14 key members and their salaries:
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- Compensation: $351,234
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- Other: $23,909
- Compensation: $117,373
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- Other: $7,705
- Compensation: $117,192
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- Other: $15,141
- Compensation: $104,630
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- Other: $14,309
- Compensation: $103,453
- Related: $0
- Other: $7,101
Official website here: www.clarewoodhouse.com
Where can I find the form 990 for Clarewood House Inc?
Clarewood House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.clarewoodhouse.com
Learn more at the official website: www.clarewoodhouse.com
Mission Statement of Clarewood House Inc
Clarewood House, Inc., a faith-based organization, is dedicated to serving the elderly community. Its mission is to offer specially designed facilities and services, catering to the varying needs of elderly individuals. This includes providing Independent Living apartments, where seniors can maintain their independence, Assisted Living for those requiring a little more support, and long-term and short-term skilled nursing care for those who require more intensive medical attention. The goal of Clarewood House, Inc. is to ensure that its elderly residents lead dignified and comfortable lives, receiving the care and assistance they need to age gracefully.
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Impact
July, 2024
Clarewood House Inc's impact is significant in providing a faith-based residential retirement community for the elderly in Houston, Texas. The organization offers independent living apartments, assisted living, and skilled nursing care for the elderly, ensuring they receive the care and support they need in a welcoming environment. Clarewood House Inc's mission is to provide specially designed facilities and services to elderly persons, including a range of care options tailored to their needs. Through their services, Clarewood House Inc positively impacts the lives of seniors by providing a comfortable and secure living environment.
This information is meant to be a general summary of Clarewood House Inc. 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: $1,089,417
- Program Service Revenue: $9,987,943
- Gross Receipts: $15,758,993
Assets and Liabilities:
- Total Assets: $35,760,755
- Total Liabilities: $1,310,455
- Net Assets: $34,450,300
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Residential rental fees
Revenue
$4,636,129
Skilled nursing fees
Revenue
$4,409,877
Personal care services
Revenue
$802,237
Other fees
Revenue
$139,700
Organization Details
Founding Year
1962
Phone
(713) 774-5821Principal Officer
Patrick Pheifer
Main Address
7400 Clarewood Drive, Houston, TX, 77036
Website
www.clarewoodhouse.comNTEE Category
Code: L22Z - Housing
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