Overview
What is Fort Norfolk Retirement Community Inc?
Fort Norfolk Retirement Community Inc, doing business as Harbors Edge, is a nonprofit organization located at One Colley Avenue in Norfolk, Virginia (23510). They specialize in offering a complete range of healthcare services to senior residents, including Residential Living, Assisted Living, Memory Support, and Skilled Nursing. Harbors Edge stands out as a Life Care Community, where the partially refundable Entrance Fee Deposit plans serve as a valuable estate planning tool. The unique Life Care benefit provides residents with discounted monthly fees for nursing and assisted living services as they transition to higher levels of care permanently. Their mission is to ensure seniors receive a full continuum of healthcare in an atmosphere of comfort, security, and exceptional service. With a workforce of 239 employees, Harbors Edge prioritizes the well-being of its residents in every aspect of their care.
Official website here: www.harborsedgenorfolk.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Fort Norfolk Retirement Community Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance, with a score of 81%. This rating is primarily based on the nonprofit's strong adherence to financial practices and governance, showcasing a commitment to transparency and responsible financial management.
The organization boasts a high percentage of independent board members, effective financial oversight, and robust policies such as conflict of interest and whistleblower protections. Additionally, it has reported a significant program expense ratio of 89.79%, indicating that a large portion of its expenditures is directed toward its mission-driven programs.
However, the organization faces a notable concern with a liabilities to assets ratio of 123.32%, which suggests potential financial instability. While it demonstrates strengths in governance and operational practices, this high ratio may warrant closer scrutiny regarding its long-term financial health and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Fort Norfolk Retirement Community Inc legitimate?
Fort Norfolk Retirement Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fort Norfolk Retirement Community Inc 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: $312,358
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,116,877
For more financial information, click here
Official website here: www.harborsedgenorfolk.com
What is the mission statement of Fort Norfolk Retirement Community Inc?
Fort Norfolk Retirement Community Inc, doing business as Harbors Edge, is dedicated to offering seniors a complete range of healthcare services in an environment that prioritizes comfort, security, and superior service. As a Life Care Community, Harbors Edge caters to various care needs, encompassing Residential Living, Assisted Living, Memory Support, and Skilled Nursing. The partially refundable Entrance Fee Deposit plans serve as an effective estate planning instrument, while the Life Care benefit comes with discounted monthly fees for nursing and assisted living services, ensuring seamless transitions for residents as their care requirements change permanently.
Official website here: www.harborsedgenorfolk.com
Who is the CEO of Fort Norfolk Retirement Community Inc?
H Edward Davidson is the Chairman of Fort Norfolk Retirement Community Inc.
Official website here: www.harborsedgenorfolk.com
What is the revenue of Fort Norfolk Retirement Community Inc?
Fort Norfolk Retirement Community Inc's revenue in 2022 was $31,116,999.
Official website here: www.harborsedgenorfolk.com
Who are the executives of Fort Norfolk Retirement Community Inc and what are their salaries?
The average compensation at Fort Norfolk Retirement Community Inc during 2022 was $39,453. There are 239 employees at Fort Norfolk Retirement Community Inc.
Here are 13 key members and their salaries:
- Compensation: $151,453
- Related: $0
- Other: $11,924
- Compensation: $139,935
- Related: $0
- Other: $9,046
- Compensation: $131,506
- Related: $0
- Other: $11,973
- Compensation: $127,811
- Related: $0
- Other: $10,058
- Compensation: $104,212
- Related: $0
- Other: $39
- 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.harborsedgenorfolk.com
Where can I find the form 990 for Fort Norfolk Retirement Community Inc?
Fort Norfolk Retirement Community Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.harborsedgenorfolk.com
Learn more at the official website: www.harborsedgenorfolk.com
Mission Statement of Fort Norfolk Retirement Community Inc
Harbors Edge, at Fort Norfolk Retirement Community Inc, is dedicated to offering seniors a comprehensive range of healthcare services in an atmosphere of comfort and security. The mission of this community is to ensure that its residents receive exceptional care as they transition through various stages of aging.
As a Life Care Community, Harbors Edge provides a full continuum of care, encompassing Residential Living, Assisted Living, Memory Support, and Skilled Nursing Services. This allows residents to seamlessly move between care levels, ensuring they receive the appropriate support as their needs change.
Harbors Edge's mission extends beyond basic care, with a focus on providing an atmosphere of comfort and security. The community offers partially refundable Entrance Fee Deposit plans as a valuable estate planning tool. Furthermore, the Life Care benefit offers discounted monthly fees for nursing and assisted living services, ensuring residents receive top-quality care at a reasonable cost.
In summary, Fort Norfolk Retirement Community Inc, doing business as Harbors Edge, is a compassionate and dedicated organization that prioritizes the well-being and comfort of its senior residents. Through its extensive range of healthcare services and thoughtful amenities, Harbors Edge ensures that its residents experience a high quality of life, with the peace of mind that comes from knowing they will receive the care they need as they age.
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Impact
October, 2024
Fort Norfolk Retirement Community Inc significantly impacts the lives of seniors by offering a comprehensive continuum of healthcare services that prioritize comfort, security, and exceptional service. As a Life Care Community, it provides various living options, including Residential Living, Assisted Living, Memory Support, and Skilled Nursing Services, ensuring that residents receive the appropriate care at every stage of their aging journey.
The Community's design promotes a supportive environment where seniors can thrive, fostering a sense of belonging and well-being. With options like partially refundable Entrance Fee Deposits, Fort Norfolk also provides valuable estate planning tools, allowing families to manage financial aspects seamlessly. The Life Care benefit further enhances this impact by offering discounted monthly fees for nursing and assisted living services, which eases the transition for residents who may need higher levels of care over time.
Located in Norfolk, VA, Fort Norfolk Retirement Community Inc plays a crucial role in the broader community by enriching the lives of seniors and their families, ensuring they receive the care and attention they need in a secure and engaging environment.
This information is meant to be a general summary of Fort Norfolk Retirement Community Inc. 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: $415,428
- Program Service Revenue: $30,661,765
- Gross Receipts: $33,814,281
Assets and Liabilities:
- Total Assets: $279,813,549
- Total Liabilities: $345,070,235
- Net Assets: -$65,256,686
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Entrance Fees
Revenue
$7,320,453
Nursing & Therapy Svcs
Revenue
$2,466,505
Resident Services
Revenue
$20,874,807
Organization Details
Founding Year
2002
Phone
(757) 233-6478Principal Officer
H Edward Davidson
Main Address
One Colley Avenue, Norfolk, VA, 23510
Website
www.harborsedgenorfolk.comNTEE Category
Code: P75 - Human services
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