Overview
What is Carmel Foundation?
Carmel Foundation is a nonprofit organization situated in Carmel, California, with a primary focus on senior welfare. They offer 50 units of independent living and low-income housing for seniors aged 65 and above. The organization's mission is to create a welcoming environment where seniors can engage in various activities and services, fostering a sense of community and camaraderie. In essence, the Carmel Foundation serves as a home and a social center for its elder residents, promoting their overall well-being. The organization employs 18 dedicated individuals to accomplish its mission.
Official website here: www.carmelfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 87%, Three-Star out of Four Star Rating.
The Carmel Foundation has earned an overall score of 87%, reflecting its strong commitment to accountability and finance, alongside exemplary leadership and adaptability. The foundation has a high accountability and finance score of 86%, indicating robust financial practices, including a perfect score for having an independent board and effectively managing its assets.
Strengths noted include the foundation’s strategic goals aimed at staying relevant and addressing the diverse needs of its community, as well as a solid track record in fundraising efficiency. Additionally, the organization has demonstrated a strong investment in leadership development and adaptability, indicating its responsiveness to changing circumstances and needs over time.
While the foundation's program expense ratio stands at 60.51%, which may suggest a potential area for improvement in allocating resources directly to programs, the overall financial health indicated by a low liabilities to assets ratio and strong working capital ratio suggests that the organization is well-positioned to meet its operational needs.
This AI summary has been generated from information found on Charity Navigator.
Is Carmel Foundation legitimate?
Carmel Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carmel 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: $319,320
Professional Fundraising Fees: $0
Other Salaries and Wages: $823,737
For more financial information, click here
Official website here: www.carmelfoundation.org
What is the mission statement of Carmel Foundation?
The Carmel Foundation's mission is centered around providing a welcoming space for senior citizens. This mission encompasses offering a diverse range of activities and services in an atmosphere that fosters respect and camaraderie. The foundation strives to create a sense of home for its senior members. Additionally, the Carmel Foundation operates a Senior Housing Program, providing independent living and low-income housing for seniors aged 65 and above, with 50 units available.
Official website here: www.carmelfoundation.org
Who is the CEO of Carmel Foundation?
Holly Zoller is the President & Ceo of Carmel Foundation. The CEO's salary of Carmel Foundation is $147,489 and their total compensation is $171,296.
Official website here: www.carmelfoundation.org
What is the revenue of Carmel Foundation?
Carmel Foundation's revenue in 2023 was $2,505,025.
Official website here: www.carmelfoundation.org
Who are the executives of Carmel Foundation and what are their salaries?
The average compensation at Carmel Foundation during 2023 was $63,503. There are 18 employees and 100 volunteers at Carmel Foundation.
Here are 16 key members and their salaries (Carmel Foundation's CEO's salary is $147,489 and their total compensation is $171,296):
- Compensation: $147,489
- Related: $0
- Other: $23,807
- Compensation: $124,489
- Related: $0
- Other: $5,964
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.carmelfoundation.org
Where can I find the form 990 for Carmel Foundation?
Carmel Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.carmelfoundation.org
Learn more at the official website: www.carmelfoundation.org
Mission Statement of Carmel Foundation
The Carmel Foundation's mission is centered around creating a welcoming space for senior citizens. This nonprofit organization strives to offer its elderly members an array of engaging activities and essential services in an atmosphere of mutual respect and camaraderie, essentially serving as a second home. To accomplish this, the Carmel Foundation provides independent living quarters for its senior members who are 65 years or older, with a total of 50 units available.
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Impact
July, 2024
Carmel Foundation's impact is significant in providing a welcoming and supportive environment for seniors in Carmel, California. Through its senior housing program, the Foundation offers low-income housing for individuals aged 65 and older, ensuring they have a place to call home in their later years. By providing a space for seniors to gather, participate in activities, and access services, Carmel Foundation fosters a sense of respect, camaraderie, and community among its members. Ultimately, the Foundation's work enhances the quality of life for seniors in the area, fulfilling their mission to create a supportive and engaging environment for older adults.
This information is meant to be a general summary of Carmel 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 2023.
- Investment Income: $510,522
- Program Service Revenue: $547,664
- Gross Receipts: $3,119,777
Assets and Liabilities:
- Total Assets: $20,113,722
- Total Liabilities: $191,806
- Net Assets: $19,921,916
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Additional Services
Revenue
$20,262
Lunch Services
Revenue
$159,546
Senior Housing
Revenue
$367,856
Organization Details
Founding Year
1950
Phone
(831) 624-1588Principal Officer
Holly Zoller
Main Address
PO BOX 1050, Carmel, CA, 93921
Website
www.carmelfoundation.orgNTEE Category
Code: P750 - Human services
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