Overview
What is Basin Retirement Homes Association?
Basin Retirement Homes Association is a nonprofit organization dedicated to providing affordable housing and related services for the elderly. Their mission is to cater to the physical, social, and psychological needs of seniors, aiming to improve their health, security, happiness, and overall well-being in their later years. By offering assisted senior citizen housing, they contribute to the community by offering a supportive environment that promotes longer living.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating
Basin Retirement Homes Association has received a solid rating of 82%, indicating a commendable level of accountability and financial health. The organization demonstrates strong governance practices, with 100% of its board members being independent, and all required board meeting minutes are documented. This transparency contributes positively to its overall rating.
Strengths include a robust financial structure, highlighted by a low liabilities-to-assets ratio of 29.49%, showcasing financial stability. Additionally, the program expense ratio stands at an impressive 73.36%, suggesting that a significant portion of its expenditures is directed towards its programs rather than administrative costs. Such metrics reflect the organization’s commitment to its mission and responsible financial management.
However, the organization still maintains room for improvement, as it earned a Three-Star rating rather than higher tiers. While the financial indicators are strong, potential donors may want to explore further into the impact and effectiveness of the programs offered to fully assess the nonprofit's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Basin Retirement Homes Association legitimate?
Basin Retirement Homes Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Basin Retirement Homes Association 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: $52,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $37,488
For more financial information, click here
What is the mission statement of Basin Retirement Homes Association?
The Basin Retirement Homes Association's mission is centered around providing assistance to elderly families and individuals. They operate on a non-profit basis, offering rental housing and related facilities and services specifically tailored to cater to the physical, social, and psychological needs of the elderly. Their primary goal is to enhance the health, security, happiness, and overall usefulness of seniors in their pursuit of extended living. The association contributes to this aim by offering assisted senior citizen housing.
What is the revenue of Basin Retirement Homes Association?
Basin Retirement Homes Association's revenue in 2024 was $525,838.
Who are the executives of Basin Retirement Homes Association and what are their salaries?
The average compensation at Basin Retirement Homes Association during 2024 was $22,610. There are 4 employees and 9 volunteers at Basin Retirement Homes Association.
Here are 11 key members and their salaries:
- Compensation: $1,875
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $675
- Related: $0
- Other: $0
- Compensation: $675
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $135
- Related: $0
- Other: $0
- Compensation: $405
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $78,150
- Related: $0
- Other: $0
Where can I find the form 990 for Basin Retirement Homes Association?
Basin Retirement Homes Association's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Basin Retirement Homes Association
Basin Retirement Homes Association is dedicated to serving the elderly population on a non-profit basis. Their mission is to provide rental housing and related facilities and services specifically tailored to cater to the physical, social, and psychological needs of the elderly. This organization aims to contribute to the health, security, happiness, and overall usefulness of older individuals, facilitating their ability to live longer and more fulfilling lives. By offering assisted senior citizen housing, Basin Retirement Homes Association strives to ensure that the elderly have access to the resources they need to maintain their well-being and independence.
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Impact
July, 2024
Basin Retirement Homes Association provides assisted senior citizen housing in Ephrata, WA. Their focus is on meeting the physical, social, and psychological needs of the aged population, contributing to their health, security, happiness, and usefulness in longer living. Through their services and facilities, they aim to support elderly families and individuals in living fulfilling and comfortable lives. Their impact can be seen in the improved quality of life and well-being of the senior citizens they serve, creating a positive environment for aging individuals in the community.
This information is meant to be a general summary of Basin Retirement Homes Association. 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 2024.
- Investment Income: $2,109
- Program Service Revenue: $523,729
- Gross Receipts: $525,838
Assets and Liabilities:
- Total Assets: $768,231
- Total Liabilities: $226,596
- Net Assets: $541,635
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SENIOR CITIZEN HOUSING
Revenue
$523,729
Organization Details
Founding Year
1972
Principal Officer
Cheri Yeager
NTEE Category
Code: L22Z - Housing
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