Overview
What is Kings Manor Methodist Retirement System Inc?
Kings Manor Methodist Retirement System Inc, located in Hereford, Texas, is a nonprofit organization that primarily focuses on operating an independent living retirement center. Their mission is to offer high-quality retirement living services to the local community and the surrounding area. In addition to their retirement services, they also provide child care facilities, demonstrating a commitment to catering to various age groups in the community. With a workforce of 33 individuals, they strive to enhance the quality of life for their residents and the children under their care.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating.
Kings Manor Methodist Retirement System Inc has achieved a high rating primarily due to its strong performance in accountability and finance, which reflects the organization’s commitment to transparency and effective financial management. The organization boasts an impressive Accountability & Finance score of 94%, highlighting its effective governance practices and sound financial health.
The nonprofit has a fully independent board of directors, with all members meeting independence standards, which strengthens its oversight and decision-making processes. Furthermore, the financial statements are audited, and the organization has established comprehensive policies, including conflict of interest and whistleblower protections, ensuring ethical operational practices.
On the financial side, Kings Manor has a favorable liabilities to assets ratio of just 0.95%, indicating a strong financial position. The program expense ratio of 87.55% shows that a significant portion of its expenditures is directed towards its mission-driven activities, enhancing its credibility as a responsible steward of donor funds. Overall, Kings Manor demonstrates a robust commitment to financial integrity and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Kings Manor Methodist Retirement System Inc legitimate?
Kings Manor Methodist Retirement System Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kings Manor Methodist Retirement System 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: $56,129
Professional Fundraising Fees: $0
Other Salaries and Wages: $541,260
For more financial information, click here
What is the mission statement of Kings Manor Methodist Retirement System Inc?
The mission of Kings Manor Methodist Retirement System Inc, as stated, is centered around providing high-quality living services for senior citizens and child care. Specifically, their goal is to cater to the needs of residents from Hereford, Texas, and its surrounding areas. Their primary activity involves operating an independent living retirement center, demonstrating their commitment to ensuring the well-being and comfort of the elderly population they serve.
Who is the CEO of Kings Manor Methodist Retirement System Inc?
Unavailable
What is the revenue of Kings Manor Methodist Retirement System Inc?
Kings Manor Methodist Retirement System Inc's revenue in 2022 was $1,261,055.
Who are the executives of Kings Manor Methodist Retirement System Inc and what are their salaries?
The average compensation at Kings Manor Methodist Retirement System Inc during 2022 was $18,103. There are 33 employees and 50 volunteers at Kings Manor Methodist Retirement System Inc.
Here are 6 key members and their salaries:
- Compensation: $56,129
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Kings Manor Methodist Retirement System Inc?
Kings Manor Methodist Retirement System Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kings Manor Methodist Retirement System Inc
Kings Manor Methodist Retirement System Inc is committed to delivering top-notch retirement living and child care services to the citizens residing in Hereford, Texas, and its surrounding areas. Their mission, as stated, is to ensure the provision of these essential services, catering to the needs of the elderly and children within their community. The organization operates an independent living retirement center, further emphasizing their dedication to offering high-quality care and living facilities for the elderly.
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Impact
July, 2024
Kings Manor Methodist Retirement System Inc, based in Hereford, Texas, provides quality retirement living and child care services for the local community and surrounding areas. Its impact is felt through the operation of an independent living retirement center, offering essential housing and care services for seniors and children. Through its mission to provide quality living options, Kings Manor Methodist Retirement System Inc positively contributes to the well-being and quality of life of individuals in the Hereford community and beyond.
This information is meant to be a general summary of Kings Manor Methodist Retirement System 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: -$42,974
- Program Service Revenue: $852,667
- Gross Receipts: $1,261,055
Assets and Liabilities:
- Total Assets: $3,108,244
- Total Liabilities: $43,413
- Net Assets: $3,064,831
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Beauty Shop Charges
Revenue
$670
Child Care Charges
Revenue
$123,874
Other Operating Income
Revenue
$9,504
Resident Charges
Revenue
$718,619
Organization Details
Founding Year
1996
Phone
(806) 364-0661Main Address
PO BOX 1999, HEREFORD, TX, 79045
NTEE Category
Code: L22Z - Housing
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