Overview
What is Lincolnhealth Cove's Edge?
Lincolnhealth Cove's Edge is a dedicated nonprofit organization situated in Damariscotta, Maine. Committed to upholding the trust placed in it, the organization provides top-notch skilled nursing, long-term care, assisted living, and adult day care services, all delivered with compassion by well-trained professionals. In addition, they offer residential care through Chase Point, which comprises 24 residential care apartments and 18 dementia care beds. Lincolnhealth Cove's Edge also houses a 76-bed facility that provides both skilled and long-term nursing care to its residents. The organization's mission is to respect the independence and dignity of its patients, residents, and clients, promote open communication in care decisions, and serve as a responsible steward of its resources, while actively participating in and supporting MaineHealth's initiatives.
Official website here: www.lchcare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
Lincolnhealth Cove's Edge has earned a Three-Star rating from Charity Navigator, reflecting a commendable overall score based on its accountability and finance practices. This score highlights the organization's commitment to transparency and responsible financial management, as evidenced by its high marks in areas such as independent board member composition and the presence of essential policies.
The nonprofit excels in program expense management, with a remarkable program expense ratio of 92.64%, indicating that a significant portion of its budget is directed toward programmatic activities rather than administrative costs. Additionally, the organization has successfully maintained a strong oversight structure, with 63% of its board members being independent, which promotes unbiased decision-making and governance.
However, there are areas for potential improvement, particularly regarding the liabilities to assets ratio, which stands at 59.17%. This figure suggests that while the organization is managing its finances relatively well, there could be concerns regarding its financial stability compared to its obligations. Overall, Lincolnhealth Cove's Edge demonstrates a solid performance in accountability and finance, with some aspects that warrant ongoing attention.
This AI summary has been generated from information found on Charity Navigator.
Is Lincolnhealth Cove's Edge legitimate?
Lincolnhealth Cove's Edge is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincolnhealth Cove's Edge 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: $6,080,925
For more financial information, click here
Official website here: www.lchcare.org
What is the mission statement of Lincolnhealth Cove's Edge?
Lincolnhealth Cove's Edge prioritizes upholding the trust placed in it by delivering exceptional skilled nursing, long-term care, assisted living, and adult day care services. These services are provided by well-trained professionals who respect the independence and dignity of their patients, residents, and clients. Open communication is promoted in all care decisions, and as a not-for-profit organization, Lincolnhealth Cove's Edge aims to be a trustworthy steward of its resources. The organization also actively participates and supports various initiatives within the healthcare community. Lincolnhealth Cove's Edge further extends its services through its Chase Point facility, offering residential care with 24 residential care apartments and 18 dementia care beds, and a 76-bed facility providing both skilled and long-term nursing care.
Official website here: www.lchcare.org
Who is the CEO of Lincolnhealth Cove's Edge?
Cynthia Wade is the President of Lincolnhealth Cove's Edge.
Official website here: www.lchcare.org
What is the revenue of Lincolnhealth Cove's Edge?
Lincolnhealth Cove's Edge's revenue in 2022 was $8,507,382.
Official website here: www.lchcare.org
Who are the executives of Lincolnhealth Cove's Edge and what are their salaries?
There 26 volunteers at Lincolnhealth Cove's Edge.
Here are 26 key members and their salaries:
- Compensation: $0
- Related: $1,020,233
- Other: $45,354
- Compensation: $0
- Related: $602,066
- Other: $47,546
- Compensation: $0
- Related: $492,529
- Other: $40,576
- Compensation: $0
- Related: $441,835
- Other: $44,942
- Compensation: $0
- Related: $321,179
- Other: $42,282
- Compensation: $0
- Related: $299,961
- Other: $46,724
- Compensation: $0
- Related: $210,337
- Other: $39,845
- Compensation: $0
- Related: $86,400
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
- Related: $386,058
- Other: $48,606
- Compensation: $0
- Related: $279,853
- Other: $35,669
- Compensation: $120,712
- Related: $0
- Other: $18,203
- Compensation: $122,291
- Related: $0
- Other: $32,794
- Compensation: $107,100
- Related: $0
- Other: $18,711
- Compensation: $0
- Related: $253,933
- Other: $16,026
Official website here: www.lchcare.org
Where can I find the form 990 for Lincolnhealth Cove's Edge?
Lincolnhealth Cove's Edge's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lchcare.org
Learn more at the official website: www.lchcare.org
Mission Statement of Lincolnhealth Cove's Edge
Lincolnhealth Cove's Edge, a trustworthy not-for-profit organization, is dedicated to upholding the faith bestowed upon it by delivering top-notch and compassionate skilled nursing, long-term care, assisted living, and adult day care services. This is achieved through the expertise of well-trained professionals. The organization goes beyond basic care services, extending its commitment to respecting the independence and dignity of its patients, residents, and clients. Lincolnhealth Cove's Edge promotes open communication in all care decisions, ensuring transparency and patient involvement. As a testament to its stewardship, the organization actively participates and supports the MaineHealth family, further solidifying its commitment to providing exceptional care. Additionally, Lincolnhealth Cove's Edge offers residential care through its Chase Point facility, providing 24 residential care apartments and 18 dementia care beds. The organization also operates a 76-bed facility that provides both skilled and long-term nursing care to its residents.
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Impact
July, 2024
Lincolnhealth Cove's Edge has a significant impact on the community by providing the best and most compassionate skilled nursing, long-term care, assisted living, and adult day care services. They uphold the trust placed in them by ensuring the independence and dignity of their patients, residents, and clients are always respected. Through their well-trained professionals, they promote open communication in all care decisions, creating a supportive and caring environment for those in need of their services. Additionally, as a nonprofit organization, Lincolnhealth Cove's Edge is a trustworthy steward of resources, actively participating and supporting the MaineHealth family. Overall, their dedication to quality care and service has a positive impact on the well-being of individuals in Damariscotta and the surrounding areas.
This information is meant to be a general summary of Lincolnhealth Cove's Edge. 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: $6,441
- Program Service Revenue: $7,725,778
- Gross Receipts: $9,387,489
Assets and Liabilities:
- Total Assets: $8,330,762
- Total Liabilities: $4,130,747
- Net Assets: $4,200,015
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE REVENU
Revenue
$5,389,626
RESIDENT SERVICE REVEN
Revenue
$2,336,152
Organization Details
Founding Year
1981
Phone
(207) 563-4600Principal Officer
Cynthia Wade
Main Address
35 MILES STREET, DAMARISCOTTA, ME, 04543
Website
www.lchcare.orgNTEE Category
Code: E910 - Health
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