Overview
What is Western Reserve Area Agency On Aging Foundation?
The Western Reserve Area Agency On Aging Foundation is a charitable organization situated in Cleveland, Ohio, with a focus on supporting the programs of its parent organization, the Western Reserve Area Agency On Aging. Established as a tax-exempt charity, the Foundation operates as a supporting organization, working in alignment with and carrying out the purposes of its parent organization. The Foundation's mission is centered around three core pillars: food insecurity, independent living, and senior supports. By addressing these critical areas, the Foundation aims to enhance the well-being and quality of life for the elderly population in its community. With a modest team of two employees, the Foundation plays a significant role in supporting essential services and programs for seniors in Cleveland, Ohio.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating.
The Western Reserve Area Agency On Aging Foundation has received a Three-Star rating from Charity Navigator, indicating a satisfactory level of accountability and financial health. The overall score is derived solely from its Accountability & Finance score of 79%, reflecting the organization’s commitment to transparency and responsible management of resources.
The foundation demonstrates strong governance practices, with 100% of its board members being independent. It has a solid conflict of interest policy and maintains comprehensive document retention and whistleblower policies. Additionally, the organization allocates a significant portion (83.65%) of its expenses towards programs, showcasing its focus on fulfilling its mission.
However, the foundation's liabilities to assets ratio stands at 74.53%, which is a concern as it suggests a higher level of liabilities relative to its assets. This could indicate potential financial vulnerability that may require monitoring in the future. Overall, while the organization has strengths in governance and program efficiency, the financial ratios suggest areas for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Western Reserve Area Agency On Aging Foundation legitimate?
Western Reserve Area Agency On Aging Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Western Reserve Area Agency On Aging Foundation 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: $51,489
For more financial information, click here
What is the mission statement of Western Reserve Area Agency On Aging Foundation?
The Western Reserve Area Agency On Aging Foundation supports the programs of a tax-exempt charity, the Western Reserve Area Agency On Aging. Its primary role is to operate for the benefit of and perform the functions of this agency, carrying out its purposes. The foundation has three core pillars: addressing food insecurity, promoting independent living, and providing senior supports. By supporting these areas, the foundation aims to enhance the well-being and quality of life for seniors in need.
Who is the CEO of Western Reserve Area Agency On Aging Foundation?
Christopher Hall is the President of Western Reserve Area Agency On Aging Foundation. The CEO's salary of Western Reserve Area Agency On Aging Foundation is $0 and their total compensation is $446,333.
What is the revenue of Western Reserve Area Agency On Aging Foundation?
Western Reserve Area Agency On Aging Foundation's revenue in 2022 was $49,702.
Who are the executives of Western Reserve Area Agency On Aging Foundation and what are their salaries?
The average compensation at Western Reserve Area Agency On Aging Foundation during 2022 was $25,744. There are 2 employees at Western Reserve Area Agency On Aging Foundation.
Here are 8 key members and their salaries (Western Reserve Area Agency On Aging Foundation's CEO's salary is $0 and their total compensation is $446,333):
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Related: $396,566
- Other: $49,767
- Compensation: $0
- Related: $279,923
- Other: $41,842
Where can I find the form 990 for Western Reserve Area Agency On Aging Foundation?
Western Reserve Area Agency On Aging Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Western Reserve Area Agency On Aging Foundation
The Western Reserve Area Agency On Aging Foundation is a supporting organization, established to benefit and carry out the purposes of the Western Reserve Area Agency On Aging in Cleveland, Ohio. With a focus on three core pillars, this foundation aims to combat food insecurity, promote independent living, and provide senior supports. The organization's mission is to support the programs and initiatives of the Western Reserve Area Agency On Aging, working towards enhancing the quality of life for the elderly population. By addressing food insecurity, the foundation strives to ensure that seniors have access to nutritious meals, fostering their overall health and well-being. In addition, the foundation advocates for independent living, empowering seniors to maintain their autonomy and live with dignity in their own homes. Lastly, the foundation provides senior supports, addressing the unique needs and challenges faced by the elderly population, thus improving their overall quality of life.
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Impact
October, 2024
The Western Reserve Area Agency On Aging Foundation has a significant impact on the community by addressing critical issues faced by seniors. Its core pillars—food insecurity, independent living, and senior supports—serve as a framework for enhancing the quality of life for older adults in Cleveland, Ohio.
By tackling food insecurity, the Foundation ensures that seniors have reliable access to nutritious meals, thereby promoting better health and well-being. Its efforts in fostering independent living empower seniors to maintain their autonomy, allowing them to thrive in their own homes. Additionally, the Foundation provides essential supports tailored to meet the unique needs of older adults, ensuring they receive the assistance necessary to navigate the challenges of aging.
Overall, the Foundation plays a crucial role in enhancing the lives of seniors in the community, enabling them to lead healthier, more independent lives while receiving the support they need.
This information is meant to be a general summary of Western Reserve Area Agency On Aging Foundation. 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: $34,427
- Gross Receipts: $56,583
Assets and Liabilities:
- Total Assets: $2,786,708
- Total Liabilities: $2,077,000
- Net Assets: $709,708
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Organization Details
Founding Year
2017
Phone
(216) 621-8010Principal Officer
Christopher Hall
Main Address
1700 E 13TH STREET 114, CLEVELAND, OH, 44114
NTEE Category
Code: T30 - Philanthropy
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