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Manor Park is a non-profit organization, but do you know what that really means?

Did You Know?

 

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Manor Park is a non-profit organization, but do you know what that really means?

A non-profit organization (NPO) is an organization whose purpose is something other than making a profit for shareholders.  Non-profit organizations are highly varied, although many people have come to associate NPOs with charitable organizations. Although charities do make up a large portion of the sector, there are many other types of non-profit organizations. Overall, they tend to be either “member-serving” or “community-serving”. Manor Park is a “community-serving” organization, focused on providing a full-spectrum of senior living services to the community.

In economic terms, a non-profit organization use its surplus revenues to further achieve its purpose or mission, rather than distributing its surplus income to the organization's shareholders (or owners) as profit or dividends.  Although NPOs are permitted to generate surplus revenues, profits made must all be used to support the operation of the organization for its self-preservation, expansion, or plans.  For example, Manor Park owns approximately 750,000 square feet in of livable building space that must be maintained.

 Working for a non-profit organization allows you to engage your head and your heart into your work.  A non-profit business values the individual and allows you to work with others who have a passion for helping others, also.

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Manor Park is a non-profit organization, but do you know what that really means? Mar 23, 2017 in Web News
A non-profit organization (NPO) is an organization whose purpose is something other than making a profit for shareholders. Non-profit organizations are highly varied, although many people have come to associate NPOs with charitable organizations. Although charities do make up a large portion of the sector, there are many other types

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