Overview
What is Ararat Home Of Los Angeles?
Ararat Home of Los Angeles is a non-profit organization dedicated to serving the elderly within the Armenian community. Based in Los Angeles, they offer assisted living and nursing/convalescent care, welcoming individuals regardless of their financial status. Beyond providing essential care, Ararat Home also fosters Armenian heritage and culture in the United States. Their mission encompasses both the physical well-being of their residents and the preservation of their unique cultural identity.
Official website here: www.ararathome.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Ararat Home Of Los Angeles has achieved an impressive 96% score on Charity Navigator, reflecting strong accountability and finance practices. The organization's rating is based entirely on its performance in this category, where it excels in having a fully independent board and a low liabilities-to-assets ratio, indicating sound financial health and governance.
The charity demonstrates significant strengths, including a high program expense ratio of 98.04%, which suggests that almost all of its expenditures go directly towards its mission-driven programs. Additionally, it has conducted thorough audits of its financial statements and maintains transparency by posting essential documents on its website, fostering trust among donors and stakeholders.
However, the organization has been noted for lacking a conflict of interest policy, which may be a potential area for improvement in ensuring comprehensive governance practices. Despite this limitation, the overall rating and the robust financial metrics underscore the charity's commitment to accountability and effective use of resources in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Ararat Home Of Los Angeles legitimate?
Ararat Home Of Los Angeles is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ararat Home Of Los Angeles 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: $1,187,710
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,377,812
For more financial information, click here
Official website here: www.ararathome.org
What is the mission statement of Ararat Home Of Los Angeles?
Ararat Home of Los Angeles is dedicated to offering assisted living and nursing care primarily for the Armenian community, irrespective of their financial situation. The organization's mission goes beyond just providing care; it also aims to uphold and celebrate Armenian heritage and culture within the United States. By offering these essential services, Ararat Home of Los Angeles contributes significantly to the well-being and dignity of the elderly Armenian community. Through its commitment to care and cultural preservation, the organization enriches the lives of its residents and strengthens the broader Armenian community.
Official website here: www.ararathome.org
Who is the CEO of Ararat Home Of Los Angeles?
Derik Ghookasian is the Coo of Ararat Home Of Los Angeles.
Official website here: www.ararathome.org
What is the revenue of Ararat Home Of Los Angeles?
Ararat Home Of Los Angeles's revenue in 2022 was $39,048,717.
Official website here: www.ararathome.org
Who are the executives of Ararat Home Of Los Angeles and what are their salaries?
The average compensation at Ararat Home Of Los Angeles during 2022 was $48,882. There are 523 employees at Ararat Home Of Los Angeles.
Here are 31 key members and their salaries:
- Compensation: $270,000
- Related: $0
- Other: $0
- Compensation: $260,000
- Related: $0
- Other: $0
- Compensation: $190,000
- Related: $0
- Other: $0
- Compensation: $152,250
- Related: $0
- Other: $0
- Compensation: $127,000
- Related: $0
- Other: $0
- Compensation: $104,000
- Related: $0
- Other: $0
- Compensation: $84,460
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ararathome.org
Where can I find the form 990 for Ararat Home Of Los Angeles?
Ararat Home Of Los Angeles's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ararathome.org
Learn more at the official website: www.ararathome.org
Mission Statement of Ararat Home Of Los Angeles
Ararat Home of Los Angeles is a reputable organization dedicated to providing essential care services for the elderly, primarily catering to the Armenian community. This nonprofit institution stands out for its commitment to offering assisted living and nursing/convalescent care facilities, ensuring accessibility to individuals regardless of their financial status. Beyond offering compassionate care, Ararat Home of Los Angeles also functions as a cultural hub, promoting Armenian heritage and traditions in the United States.
In pursuit of its mission, Ararat Home of Los Angeles provides a nurturing environment for its elderly residents, ensuring they receive the care and support they need to thrive. The organization's dedication to the Armenian community is evident in its welcoming atmosphere and its priority given to preserving and celebrating the rich history and traditions of this diverse population. By offering its services to individuals from all financial backgrounds, Ararat Home of Los Angeles extends a helping hand to those in need and strengthens the bonds within the Armenian community.
Ararat Home of Los Angeles is more than just a care facility; it serves as a beacon of hope and a cultural touchstone for the Armenian community in the United States. The organization fosters a sense of belonging and encourages the preservation of Armenian heritage, ensuring that the next generation remains connected to their roots. The team at Ararat Home of Los Angeles is deeply committed to providing top-notch care and fostering a vibrant, inclusive community where every individual feels valued and cherished.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Ararat Home of Los Angeles plays a crucial role in supporting the elderly, particularly within the Armenian community. By offering assisted living and nursing care, it ensures that seniors receive essential support and medical attention tailored to their needs. This commitment extends beyond healthcare; it fosters a sense of belonging and cultural preservation by promoting Armenian heritage and traditions in the United States.
The facility is dedicated to serving individuals regardless of their financial circumstances, thus making quality care accessible to a broader demographic. This inclusive approach helps mitigate feelings of isolation among the elderly, encouraging community engagement and preserving familial ties. Additionally, Ararat Home acts as a cultural hub, where residents can connect with their roots, participate in cultural events, and share their experiences, enriching the lives of both residents and their families. Overall, Ararat Home of Los Angeles significantly enhances the quality of life for seniors while ensuring the vibrancy of Armenian culture in the community.
This information is meant to be a general summary of Ararat Home Of Los Angeles. 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: $845,202
- Program Service Revenue: $37,453,354
- Gross Receipts: $39,048,717
Assets and Liabilities:
- Total Assets: $85,270,295
- Total Liabilities: $3,215,546
- Net Assets: $82,054,749
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANCILLARY REVENUES
Revenue
$47,487
NURSING CARE
Revenue
$34,527,284
RESIDENTIAL CARE
Revenue
$2,878,583
Organization Details
Founding Year
1949
Phone
(818) 365-3000Principal Officer
Derik Ghookasian
Main Address
15105 MISSION HILLS ROAD, MISSION HILLS, CA, 91345
Website
www.ararathome.orgNTEE Category
Code: E910 - Health
If you are a representative of Ararat Home Of Los Angeles and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.