Madrid Home For The Aging

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

EIN: 421094104 ✦ Cedar falls, IA ✦ Designated as a 501(c)(3)

Overview

What is Madrid Home For The Aging?

The Madrid Home For The Aging is a nonprofit organization located in Cedar Falls, Iowa, at 5307 Caraway Lane. They provide long-term care services to approximately 300 individuals annually, offering various levels of care including 88 nursing home beds, 61 independent living apartments, and 85 assisted living units. The organization employs around 226 full and part-time employees to ensure the delivery of these services. Madrid Home For The Aging demonstrates commitment to charitable causes by assisting individuals in their assisted living program who cannot pay for the services through their Acts Fund. This assistance was extended to 9 individuals during the year. The mission of Madrid Home For The Aging is to offer older adults compassionate support and choices in surroundings that resemble home.


Official website here: www.madridhome.com

Is Madrid Home For The Aging legitimate?

Madrid Home For The Aging is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madrid Home For The Aging 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.

Here are some key statistics you may want to consider:

Executive Compensation: $137,459
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,818,381

For more financial information, click here


Official website here: www.madridhome.com

What is the mission statement of Madrid Home For The Aging?

Madrid Home for the Aging is dedicated to providing older adults with compassionate care and supportive environments that feel like home. Following Christ's example of humble service, the community strives to offer each resident the choices they need to ensure their well-being. Madrid Home for the Aging provides long-term care services to approximately 300 individuals annually, offering various levels of care including nursing home beds, independent living apartments, and assisted living units. A team of around 250 full and part-time employees works to deliver these services, with the organization also extending assistance to individuals in its assisted living program who cannot afford the services through the ACTS Fund. The focus is on resident-centered care that emphasizes residents' preferences, just as they would expect in their own homes.


Official website here: www.madridhome.com

Who is the CEO of Madrid Home For The Aging?

Catherine Meier is the Chair of Madrid Home For The Aging.


Official website here: www.madridhome.com

What is the revenue of Madrid Home For The Aging?

Madrid Home For The Aging's revenue in 2020 was $12,458,535.


Official website here: www.madridhome.com

Who are the executives of Madrid Home For The Aging and what are their salaries?

The average compensation at Madrid Home For The Aging during 2020 was $21,928. There are 226 employees and 40 volunteers at Madrid Home For The Aging.

Here are 5 key members and their salaries:

    Kris Hansen (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $366,604
  • Other: $64,427

    • Catherine Meier (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $211,611
  • Other: $37,540

    • Matt Garcia (Cbo (Thru 10/2020)) [Trustee/Director]
  • Compensation: $0
  • Related: $183,708
  • Other: $48,662

    • Matt Hau (Executive Director)
  • Compensation: $108,785
  • Related: $0
  • Other: $28,674

    • Pat O'Leary (Cso (Beg 11/2020))
  • Compensation: $0
  • Related: $22,582
  • Other: $28


  • Official website here: www.madridhome.com

    Where can I find the form 990 for Madrid Home For The Aging?

    The Madrid Home For The Aging’s most recent form 990 was submitted in 2020 and can be accessed here


    Official website here: www.madridhome.com

    Learn more at the official website: www.madridhome.com

    Mission Statement of Madrid Home For The Aging

    Madrid Home For The Aging is a non-profit community dedicated to following Christ's example of humble service by providing older adults with the choices and compassionate support they need in surroundings that feel like home. The mission of this organization is focused on offering each resident a sense of comfort and independence, allowing them to make their own decisions while receiving attentive care.

    Madrid Home For The Aging offers various levels of care for approximately 300 older adults annually. This includes 88 licensed nursing home beds, 61 independent living apartments, and 85 assisted living units. With a team of around 250 full and part-time employees, the community strives to prioritize the well-being of its residents. Madrid Home For The Aging also extends its commitment to charity by providing assistance to individuals in its assisted living program who lack the resources to pay for the services provided. This is accomplished through the organization's Acts Fund, which served 9 residents during the year.

    Madrid Home For The Aging is committed to improving its delivery of services, emphasizing resident-centered care that caters to each individual's preferences, just as they would expect in their own homes. The focus on individual choices and compassionate support creates an environment where older adults can feel at ease and enjoy their golden years with dignity.

    Impact

    This information is meant to be a general summary of Madrid Home For The Aging. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Madrid Home For the Aging's impact is profound in the Cedar Falls community. It provides long-term care services to approximately 300 individuals annually, offering a range of options including licensed nursing home beds, independent living apartments, and assisted living units. Through its commitment to charity, Madrid Home For the Aging assists individuals in their assisted living program who may not have the resources to pay for services.

    With around 250 full and part-time employees dedicated to providing compassionate care, Madrid Home For the Aging emphasizes resident-centered care that prioritizes individual preferences, making the surroundings feel like home. By following Christ's example of humble service, this organization creates a supportive and comfortable environment for older adults in need of care and assistance in the Cedar Falls area.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $57,898
  • Program Service Revenue: $11,544,076
  • Gross Receipts: $12,458,535

    • Assets and Liabilities:
  • Total Assets: $24,780,099
  • Total Liabilities: $11,037,241
  • Net Assets: $13,742,858
  • Programs

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

    NURSING/ILF/ALF

    Revenue

    $9,277,805

    ANCILLARY REVENUE

    Revenue

    $2,266,271

    Organization Details

    Founding Year

    1978

    Principal Officer

    Catherine Meier

    Main Address

    5307 CARAWAY LANE, CEDAR FALLS, IA, 50613

    NTEE Category

    Code: L80 - Housing

    If you are a representative of Madrid Home For The Aging 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.