Overview
What is Senior Homes Foundation Of Eastern Washington?
Senior Homes Foundation of Eastern Washington is a nonprofit organization located in Spokane, Washington, with an address at 12912 E 12th. Their primary mission is to support Spokane Baptist Association Homes (SBAH), which includes Lilac Plaza, Lilac Terrace, Holman Gardens Retirement Communities, and various rental properties. The foundation aims to provide financial assistance for the SBAH to enhance the well-being, independence, security, and dignity of over 350 residents residing in these facilities. Through charitable contributions, the foundation funds programs and services, contributing approximately 20,000 to SBAH properties for projects during the year. Their support extends to building improvements, upgrades to existing communities, and new building projects to ensure affordable housing for the elderly population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Senior Homes Foundation of Eastern Washington has received a solid rating of 79%, indicating a generally positive assessment of its financial health and accountability. The organization boasts an impressive accountability and finance score, with 100% of its board members being independent, which enhances transparency and governance.
Strengths of the foundation include a very low liabilities to assets ratio of 0.08%, demonstrating strong financial stability. Additionally, the foundation maintains robust policies regarding conflict of interest, whistleblower protections, and document retention, all of which contribute to its overall accountability. The high program expense ratio of 85.93% suggests that a significant portion of its funds is directed towards its mission-driven activities, benefiting the community it serves.
However, while the rating reflects a strong performance in several areas, there may be room for improvement in outreach and fundraising strategies to ensure sustainability and growth. Overall, the Senior Homes Foundation of Eastern Washington appears to be a reliable and well-managed nonprofit dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is Senior Homes Foundation Of Eastern Washington legitimate?
Senior Homes Foundation Of Eastern Washington is a legitimate nonprofit organization registered as a 501(c)(3) entity. Senior Homes Foundation Of Eastern Washington 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
What is the mission statement of Senior Homes Foundation Of Eastern Washington?
The Senior Homes Foundation of Eastern Washington secures charitable contributions to fund programs and services that enhance the well-being, independence, security, and dignity of residents residing in Lilac Plaza, Lilac Terrace, Holman Gardens Retirement Communities, and various rental properties managed by Spokane Baptist Association Homes (SBAH). The foundation's primary objective is to support SBAH in providing affordable housing and related services to over 350 residents, ensuring their continued well-being. In addition, the foundation provides financial support for building improvements, upgrading existing communities, and undertaking new building projects. During the year, the foundation contributed approximately $20,000 to SBAH properties for various projects.
Who is the CEO of Senior Homes Foundation Of Eastern Washington?
Steve Williams is the Development of Senior Homes Foundation Of Eastern Washington.
What is the revenue of Senior Homes Foundation Of Eastern Washington?
Senior Homes Foundation Of Eastern Washington's revenue in 2023 was $162,518.
Who are the executives of Senior Homes Foundation Of Eastern Washington and what are their salaries?
There 4 volunteers at Senior Homes Foundation Of Eastern Washington.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $44,409
- Other: $4,726
- 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 Senior Homes Foundation Of Eastern Washington?
Senior Homes Foundation Of Eastern Washington's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Senior Homes Foundation Of Eastern Washington
The Senior Homes Foundation of Eastern Washington's mission is centered around securing charitable contributions to fund programs and services that enhance the well-being, independence, security, and dignity of the residents living in various retirement communities and rental properties managed by Spokane Baptist Association Homes (SBAH). By providing financial support, the foundation aids SBAH in offering affordable housing and related services to over 350 residents, ensuring their continued well-being. Moreover, the foundation contributes to building improvements, upgrades to existing communities, and new building projects through its financial contributions, contributing approximately 20,000 to SBAH properties for various projects during a given year. In summary, the Senior Homes Foundation of Eastern Washington's mission is to improve the living conditions and overall quality of life for elderly residents in the care of SBAH, providing them with the necessary resources to maintain their independence and dignity.
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Impact
October, 2024
Senior Homes Foundation of Eastern Washington plays a significant role in enhancing the lives of residents at Lilac Plaza, Lilac Terrace, and Holman Gardens retirement communities, along with various rental properties managed by Spokane Baptist Association Homes. By securing charitable contributions, the foundation funds essential programs and services that bolster the well-being, independence, security, and dignity of over 350 residents.
The foundation is instrumental in ensuring these communities can offer affordable housing and related services. In addition to supporting ongoing operational needs, it also provides financial assistance for building improvements, upgrades to existing facilities, and the development of new projects. For instance, approximately $20,000 was allocated to various projects within the SBAH properties in a recent year. This financial support directly impacts the quality of life for residents, allowing them to live in safe, comfortable, and well-maintained environments.
This information is meant to be a general summary of Senior Homes Foundation Of Eastern Washington. 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: $71,509
- Program Service Revenue: $87,264
- Gross Receipts: $472,532
Assets and Liabilities:
- Total Assets: $4,244,004
- Total Liabilities: $4,268
- Net Assets: $4,239,736
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS & MAINTENANCE
Revenue
$87,264
Organization Details
Founding Year
1999
Phone
(509) 489-7612Principal Officer
Steve Williams
Main Address
12912 E 12TH, SPOKANE, WA, 99216
NTEE Category
Code: T20 - Philanthropy
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