Overview
What is William B Rice Eventide Home Inc?
William B Rice Eventide Home Inc is a Massachusetts-based nonprofit organization located at 25 Stonehaven Drive in South Weymouth, with approximately 140 employees. The mission of this unique life-care retirement community is to provide individualized, caring supportive services to around 50 frail elders who require assistance in living independently. Residents are offered secure housing, quality nursing care, meaningful activities, opportunities for socialization, and a wide range of supportive and rehabilitation services, irrespective of their ability to pay. The organization's primary goal is to maintain a home-like atmosphere, enabling the residents to preserve their dignity and live fulfilling lives.
Official website here: www.fairingway.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
William B Rice Eventide Home Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance primarily in accountability and finance. The organization scored an 81% overall, showcasing its commitment to transparency and effective financial management. This rating is significant as it indicates a reliable use of resources, with a strong emphasis on ethical governance.
The organization demonstrates a robust accountability structure with an entirely independent board, ensuring that decision-making is free from potential conflicts of interest. Key strengths include a high program expense ratio of nearly 79%, indicating that most funds are directed towards its mission-related activities. The presence of comprehensive policies for conflict of interest, whistleblowing, and a thorough audit committee further enhance its governance profile.
Despite its strengths, the data does not highlight any specific weaknesses or concerns, suggesting that the organization operates well within the parameters of accountability and financial management. Overall, the rating reflects positively on the organization’s commitment to its mission and responsible stewardship of donor funds.
This AI summary has been generated from information found on Charity Navigator.
Is William B Rice Eventide Home Inc legitimate?
William B Rice Eventide Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. William B Rice Eventide Home 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: $184,978
Professional Fundraising Fees: $22,000
Other Salaries and Wages: $5,090,206
For more financial information, click here
Official website here: www.fairingway.org
What is the mission statement of William B Rice Eventide Home Inc?
William B Rice Eventide Home Inc is dedicated to running a unique retirement community that offers individualized and caring supportive services to its residents. The community strives to provide a home-like atmosphere where elder residents can maintain their independence with dignity. The services provided include secure housing, quality nursing care, meaningful activities, opportunities for socialization, and a wide range of rehabilitation services. Approximately 50 frail elders, regardless of their ability to pay, are supported by these offerings. The mission is to create an environment that allows the residents to live comfortably and receive the necessary care they need.
Official website here: www.fairingway.org
Who is the CEO of William B Rice Eventide Home Inc?
Kenneth Strong is the Executive Director of William B Rice Eventide Home Inc.
Official website here: www.fairingway.org
What is the revenue of William B Rice Eventide Home Inc?
William B Rice Eventide Home Inc's revenue in 2022 was $12,771,271.
Official website here: www.fairingway.org
Who are the executives of William B Rice Eventide Home Inc and what are their salaries?
The average compensation at William B Rice Eventide Home Inc during 2022 was $37,680. There are 140 employees and 12 volunteers at William B Rice Eventide Home Inc.
Here are 18 key members and their salaries:
- Compensation: $181,000
- Related: $0
- Other: $3,978
- Compensation: $128,600
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- Other: $10,250
- Compensation: $104,293
- Related: $0
- Other: $9,521
- Compensation: $102,192
- Related: $0
- Other: $3,066
- Compensation: $102,143
- Related: $0
- Other: $3,064
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- Other: $0
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Official website here: www.fairingway.org
Where can I find the form 990 for William B Rice Eventide Home Inc?
William B Rice Eventide Home Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fairingway.org
Learn more at the official website: www.fairingway.org
Mission Statement of William B Rice Eventide Home Inc
William B Rice Eventide Home Inc is a unique retirement community dedicated to providing individualized and caring supportive services to approximately 50 frail elders who find it challenging to live independently. The organization takes pride in maintaining a community that allows its residents to maintain their dignity while receiving secure housing, quality nursing care, meaningful activities, opportunities for socialization, and a wide range of supportive and rehabilitation services.
The mission of William B Rice Eventide Home Inc is to create a warm, home-like atmosphere where elderly individuals can thrive and continue to live their lives to the fullest. The team at this esteemed organization understands the importance of providing personalized care to meet each resident's unique needs. This commitment to individualized care sets William B Rice Eventide Home Inc apart, ensuring that its residents receive the best possible support while preserving their independence.
William B Rice Eventide Home Inc goes above and beyond in offering a comprehensive array of services tailored to the specific requirements of its elderly residents. These services include, but are not limited to, secure housing, quality nursing care, and a wide range of meaningful activities and opportunities for socialization. The focus on creating a nurturing environment allows the residents to age gracefully and maintain their self-respect, ultimately enhancing their overall quality of life.
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Impact
October, 2024
William B Rice Eventide Home Inc significantly enhances the quality of life for approximately 50 frail elders who are unable to live independently. By providing secure housing and quality nursing care, the organization ensures that residents have a safe and supportive environment tailored to their individual needs. The center offers meaningful activities and opportunities for socialization, fostering a sense of community and belonging among its residents.
In addition to housing and nursing care, the organization delivers a wide variety of supportive and rehabilitation services, enabling elders to maintain their health and wellness. The emphasis on individualized supportive services reflects a commitment to dignity and independence, allowing residents to live fulfilling lives in a home-like atmosphere. Importantly, these services are offered without regard for the residents' ability to pay, ensuring equitable access for all. Through its comprehensive approach, William B Rice Eventide Home Inc plays a vital role in enhancing the well-being and dignity of its residents, contributing positively to the broader South Weymouth community.
This information is meant to be a general summary of William B Rice Eventide Home 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: $139,598
- Program Service Revenue: $11,911,214
- Gross Receipts: $12,867,059
Assets and Liabilities:
- Total Assets: $87,530,296
- Total Liabilities: $89,731,098
- Net Assets: -$2,200,802
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICARE RESIDENTS
Revenue
$4,870,452
INDEPENDENT LIVING SERVICE REVENU
Revenue
$3,507,398
PRIVATE RESIDENTS
Revenue
$1,570,839
PUBLICLY-AIDED RESIDENTS
Revenue
$1,349,910
OTHER OPERATING INCOME
Revenue
$572,855
Organization Details
Founding Year
1924
Phone
(781) 660-5000Principal Officer
Kenneth Strong
Main Address
25 STONEHAVEN DRIVE, SOUTH WEYMOUTH, MA, 02190
Website
www.fairingway.orgNTEE Category
Code: E910 - Health
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