Turner Retirement Homes Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 930391641 ✦ Turner, OR ✦ Designated as a 501(c)(3)

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Overview

What is Turner Retirement Homes Inc?

Turner Retirement Homes Inc, located in Turner, Oregon, is more than just a retirement community. It serves as a neighborhood of affordable homes for retirees, allowing them to reside among friendly, like-minded neighbors and receive compassionate care as they age. The organization's primary mission is to assist Christian congregations in providing a suitable living space for their retired members, ensuring their spiritual, physical, and financial needs are met. With a dedicated workforce of 44 employees, Turner Retirement Homes Inc strives to provide a nurturing environment for its residents, promoting their overall well-being.


Official website here: www.trhomes.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73% (Two-Star out of Four Star rating)

Turner Retirement Homes Inc has received a 73% rating from Charity Navigator, which indicates a moderate level of accountability and financial health. The organization boasts a strong governance structure with 100% independent board members, showcasing effective oversight. Additionally, it has a favorable program expense ratio of 83.49%, suggesting that a significant portion of its funds is directed towards its mission-driven activities.

However, the rating reveals several areas for improvement. Notably, the organization has not provided financial statements, which raises transparency concerns. Moreover, critical governance policies such as a conflict of interest policy and a document retention and destruction policy are missing, which could undermine trust among stakeholders.

Overall, while Turner Retirement Homes Inc demonstrates strengths in board independence and program expenditures, addressing the noted gaps in financial reporting and governance policies could enhance its overall standing and effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Turner Retirement Homes Inc legitimate?

Turner Retirement Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Turner Retirement Homes 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $935,990

For more financial information, click here


Official website here: www.trhomes.org

What is the mission statement of Turner Retirement Homes Inc?

Turner Retirement Homes Inc. is committed to assisting Christian congregations in providing a suitable living environment for their retired members. This includes catering to their spiritual, physical, and financial needs. The organization aims to create an affordable and friendly neighborhood where retired individuals can live comfortably, surrounded by like-minded peers, and receive loving care as they age. Turner Retirement Homes Inc. strives to offer both physical and spiritual care to its residents, ensuring their well-being as they grow older.


Official website here: www.trhomes.org

Who is the CEO of Turner Retirement Homes Inc?

Sheri Wood is the President of Turner Retirement Homes Inc.


Official website here: www.trhomes.org

What is the revenue of Turner Retirement Homes Inc?

Turner Retirement Homes Inc's revenue in 2022 was $1,919,089.


Official website here: www.trhomes.org

Who are the executives of Turner Retirement Homes Inc and what are their salaries?

The average compensation at Turner Retirement Homes Inc during 2022 was $21,272. There are 44 employees at Turner Retirement Homes Inc.


Here are 5 key members and their salaries:


Doug Edwards (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Remy (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Shearer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Vincent (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheri Wood (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.trhomes.org

Where can I find the form 990 for Turner Retirement Homes Inc?

Turner Retirement Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.trhomes.org

Learn more at the official website: www.trhomes.org

Mission Statement of Turner Retirement Homes Inc

Turner Retirement Homes Inc, a nonprofit organization, is committed to assisting Christian congregations in providing a suitable living environment for their retired members. This environment caters to the spiritual, physical, and financial needs of the elderly, ensuring they live in a supportive and caring community. At Turner Retirement Homes, the elderly reside in affordable homes, surrounded by like-minded individuals who share similar beliefs and values. The organization strives to offer comprehensive care, addressing both their physical and spiritual well-being as they age.

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Impact




July, 2024

Turner Retirement Homes Inc's impact is significant as it provides a unique and holistic approach to retirement living. By offering affordable housing alongside spiritual and physical care, Turner Retirement Homes enables retirees to live in a supportive community while maintaining their spiritual well-being. This approach not only meets the financial needs of retired individuals but also fosters a sense of belonging and companionship, contributing to their overall well-being as they age. Additionally, by partnering with Christian congregations, Turner Retirement Homes plays a crucial role in fulfilling its mission of assisting in the provision of a caring environment for retired individuals.




This information is meant to be a general summary of Turner Retirement Homes 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.

Revenue
$1,919,089 (2022)
Expenses
$2,113,374 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $290,473
  • Program Service Revenue: $1,286,229
  • Gross Receipts: $2,064,850

Assets and Liabilities:

  • Total Assets: $5,298,469
  • Total Liabilities: $967,210
  • Net Assets: $4,331,259

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RESIDENT INCOME

Revenue

$1,286,229

Organization Details

Founding Year

1935

Principal Officer

Sheri Wood

Main Address

PO BOX 970, TURNER, OR, 97392

NTEE Category

Code: L22 - Housing

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