Overview
What is Texas Retired Teachers Residence Corp?
Texas Retired Teachers Residence Corp, primarily known as Stilwell Retirement Residence, is a nonprofit organization situated in Waco, Texas. Its primary mission is to offer an affordable, high-quality retirement living environment that is both secure and attractive, fostering an independent and active lifestyle for its residents. The organization prioritizes retired educators but extends its services to other professionals as space becomes available. Stilwell Retirement Residence seeks to create a strong sense of community, history, and purpose among its residents through a variety of engaging activities. The organization currently employs 33 individuals.
Official website here: www.stilwellretirement.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The Texas Retired Teachers Residence Corp has earned an 84% rating, reflecting solid performance in accountability and finance. The rating indicates a strong commitment to transparency, with a fully independent board and no material diversion of assets, suggesting responsible management of resources. The organization has a high program expense ratio of 76.20%, which indicates that the majority of its financial resources are directed towards its mission-related activities.
However, there are notable limitations in the governance practices of the organization. The lack of a conflict of interest policy, whistleblower policy, and document retention and destruction policy are significant gaps that can impact its accountability. Additionally, the absence of the nonprofit's tax form on its website as required could hinder public transparency.
Overall, while the Texas Retired Teachers Residence Corp demonstrates a commendable commitment to financial accountability, improvement in governance policies is necessary to enhance its overall effectiveness and trustworthiness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Retired Teachers Residence Corp legitimate?
Texas Retired Teachers Residence Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Retired Teachers Residence Corp 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: $139,546
Professional Fundraising Fees: $0
Other Salaries and Wages: $701,544
For more financial information, click here
Official website here: www.stilwellretirement.org
What is the mission statement of Texas Retired Teachers Residence Corp?
The Texas Retired Teachers Residence Corp is dedicated to providing an affordable and high-quality retirement residence that offers a supportive, secure, and attractive living environment. This environment encourages residents to maintain an independent and active lifestyle, interacting with individuals of similar professional backgrounds. The organization prioritizes retired educators but also extends its services to retirees from other professions, as space allows. The Stilwell Retirement Center, under the Corp's umbrella, fosters a strong sense of community, history, and purpose through a variety of engaging activities for its residents.
Official website here: www.stilwellretirement.org
Who is the CEO of Texas Retired Teachers Residence Corp?
Don Mckinney is the President of Texas Retired Teachers Residence Corp.
Official website here: www.stilwellretirement.org
What is the revenue of Texas Retired Teachers Residence Corp?
Texas Retired Teachers Residence Corp's revenue in 2022 was $1,782,549.
Official website here: www.stilwellretirement.org
Who are the executives of Texas Retired Teachers Residence Corp and what are their salaries?
The average compensation at Texas Retired Teachers Residence Corp during 2022 was $25,488. There are 33 employees and 6 volunteers at Texas Retired Teachers Residence Corp.
Here are 11 key members and their salaries:
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- Compensation: $132,488
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- Other: $7,058
Official website here: www.stilwellretirement.org
Where can I find the form 990 for Texas Retired Teachers Residence Corp?
Texas Retired Teachers Residence Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stilwellretirement.org
Learn more at the official website: www.stilwellretirement.org
Mission Statement of Texas Retired Teachers Residence Corp
Texas Retired Teachers Residence Corp, a nonprofit organization, is dedicated to providing an affordable, high-quality retirement residence for individuals in a supportive, secure, and appealing living environment. This environment allows residents to engage in an independent and active lifestyle, surrounded by people with similar professional backgrounds. The organization prioritizes retired educators, but as space permits, it also welcomes retirees from other professions. The Stilwell Retirement Center, managed by Texas Retired Teachers Residence Corp, fosters a strong sense of community, history, and purpose through a variety of activities designed for its residents.
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Impact
July, 2024
Texas Retired Teachers Residence Corp's impact is evident in its provision of an affordable, quality retirement residence in a supportive, secure, and attractive living environment. This enables residents to engage in an independent, active lifestyle with people of similar professional backgrounds, primarily retired educators. The Stilwell Retirement Center, operated by the organization, promotes a strong sense of community, history, and purpose through a variety of activities for its residents. By offering this housing option, Texas Retired Teachers Residence Corp positively contributes to the well-being and quality of life of retired educators and other retirees in Waco, TX.
This information is meant to be a general summary of Texas Retired Teachers Residence Corp. 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: $89,249
- Program Service Revenue: $1,592,409
- Gross Receipts: $2,292,861
Assets and Liabilities:
- Total Assets: $3,535,077
- Total Liabilities: $144,545
- Net Assets: $3,390,532
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERATION OF RET. HOME
Revenue
$1,592,409
Organization Details
Founding Year
1964
Phone
(254) 772-4644Principal Officer
Don Mckinney
Main Address
5400 LAUREL LAKE DRIVE, WACO, TX, 76710
Website
www.stilwellretirement.orgNTEE Category
Code: L22Z - Housing
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