Overview
What is Our Lady Of Wisdom Facility Corporation?
Our Lady of Wisdom Facility Corporation (OLOW FC) is a 501(C)(3) organization, acting as a Type I supporting organization for CommCare Corporation, a Louisiana-based nonprofit. OLOW FC is primarily responsible for managing and maintaining the property of Our Lady of Wisdom Community Care Center, a HUD-insured nursing home, providing it with long-term, fixed-rate financing. CommCare Corporation, the supported organization, operates this nursing care facility, offering skilled nursing services. CommCare Corporation's mission is to lead in the development and delivery of quality healthcare services, fostering a learning environment that attracts and develops dedicated caregivers. OLOW FC's activities contribute to the overall well-being of seniors, ensuring they receive the long-term care they need.
Official website here: www.commcare.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 69%)
Our Lady Of Wisdom Facility Corporation has received a two-star rating from Charity Navigator, indicating that there are areas requiring significant improvement. The overall score of 69% reflects concerns primarily related to financial management, particularly the high liabilities to assets ratio of 99.43%. While the organization has some strong policies in place, these financial indicators raise questions about its long-term sustainability.
In terms of governance, the nonprofit demonstrates a commitment to accountability, with 66% of its board members being independent. It has effective policies regarding conflicts of interest, whistleblower protections, and document retention, all of which are important for transparency and ethical operations. Additionally, the organization has successfully maintained a high program expense ratio of 87.75%, indicating that most of its expenses are directed toward its charitable programs.
However, the lack of sufficient independent board members, with only two noted, is a significant limitation that may impact the effective oversight of the organization. Addressing these governance and financial issues will be crucial for Our Lady Of Wisdom Facility Corporation to enhance its operations and improve its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Our Lady Of Wisdom Facility Corporation legitimate?
Our Lady Of Wisdom Facility Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Our Lady Of Wisdom Facility Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.commcare.com
What is the mission statement of Our Lady Of Wisdom Facility Corporation?
Our Lady of Wisdom Facility Corporation, as a 501(c)(3) organization, functions as a supporting entity for CommCare Corporation, a Louisiana-based non-profit. Its primary role is to manage the property and provide long-term financing for Our Lady of Wisdom Community Care Center, a skilled nursing facility. CommCare Corporation, the supported organization, is dedicated to being an innovative leader in delivering high-quality healthcare services and fostering a learning environment that attracts and develops committed caregivers. The mission of Our Lady of Wisdom Facility Corporation, in a broader sense, aligns with CommCare Corporation's, as it contributes to the overall goal of providing exceptional healthcare services.
Official website here: www.commcare.com
Who is the CEO of Our Lady Of Wisdom Facility Corporation?
Michael Ford is the Director of Our Lady Of Wisdom Facility Corporation.
Official website here: www.commcare.com
What is the revenue of Our Lady Of Wisdom Facility Corporation?
Our Lady Of Wisdom Facility Corporation's revenue in 2023 was $803,643.
Official website here: www.commcare.com
Who are the executives of Our Lady Of Wisdom Facility Corporation and what are their salaries?
Here are 6 key members and their salaries:
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.commcare.com
Where can I find the form 990 for Our Lady Of Wisdom Facility Corporation?
Our Lady Of Wisdom Facility Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.commcare.com
Learn more at the official website: www.commcare.com
Mission Statement of Our Lady Of Wisdom Facility Corporation
Our Lady of Wisdom Facility Corporation, as a 501(c)(3) organization, serves as a supporting entity for CommCare Corporation. Its primary role is to own, manage, and maintain the property, and provide long-term fixed-rate financing for Our Lady of Wisdom Community Care Center, a skilled nursing facility operated by CommCare Corporation. This nursing home, referred to as OLOW, is HUD-insured and falls under FHA project 064-22108.
The mission of Our Lady of Wisdom Facility Corporation is closely tied to that of CommCare Corporation, which strives to be an innovative leader in the delivery of high-quality healthcare services. CommCare Corporation is committed to fostering a learning environment that attracts and develops dedicated caregivers, ensuring the delivery of top-notch healthcare services. By providing financial support and infrastructure to OLOW, Our Lady of Wisdom Facility Corporation contributes to CommCare Corporation's mission and ultimately enhances the quality of care offered to its patients.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Our Lady of Wisdom Facility Corporation, through its support of Our Lady of Wisdom Community Care Center, plays a crucial role in providing quality healthcare services in Mandeville, Louisiana. By owning, operating, and maintaining the immovable property where the nursing care facility is located, OLOW FC enables the continued operation of the skilled nursing facility owned and operated by CommCare Corporation. This support ensures that residents in the community have access to essential long-term care services in a compassionate and dedicated environment.
This information is meant to be a general summary of Our Lady Of Wisdom Facility Corporation. 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 2023.
- Investment Income: $1,277
- Program Service Revenue: $802,366
- Gross Receipts: $803,643
Assets and Liabilities:
- Total Assets: $7,360,077
- Total Liabilities: $10,352,710
- Net Assets: -$2,992,633
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$802,366
Organization Details
Founding Year
2016
Phone
(504) 227-3600Principal Officer
Michael Ford
Main Address
950 W CAUSEWAY APPROACH, MANDEVILLE, LA, 70471
Website
www.commcare.comNTEE Category
Code: X22 - Religion related
If you are a representative of Our Lady Of Wisdom Facility Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.