Overview
What is Loomis House Inc?
Loomis House Inc is a nonprofit organization situated in South Hadley, Massachusetts, at 246 North Main Street. Their primary mission is to promote positive aging for older adults by enriching their lives. Although they previously provided long-term care in a skilled nursing center, they sold this facility on November 1st, 2017. Despite the sale, Loomis House Inc intends to continue serving the elderly community under the same EIN number. Their commitment to enhancing the lives of older adults is evident in their mission statement.
Official website here: www.loomiscomunities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star rating. Loomis House Inc has received a low score attributed to several areas of concern regarding its financial management and program expenses. While the organization boasts a fully independent board and has no material diversion of assets, it struggles significantly with its program expense ratio, indicating that little to no funds are being allocated directly towards its programs.
Strengths of Loomis House include a high percentage of independent board members and the presence of various governance policies such as conflict of interest and whistleblower policies. These factors contribute positively to the organization’s accountability and overall governance framework. However, the lack of a posted tax form on its website raises questions about its transparency.
Despite having favorable scores in governance, the serious limitations in financial health and program spending overshadow its strengths. With a program expense ratio of 0.00%, it is critical for Loomis House to improve its allocation of resources to ensure that it is effectively serving its mission. This gap indicates a need for strategic reassessment to enhance operational effectiveness and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Loomis House Inc legitimate?
Loomis House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loomis House 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.loomiscomunities.org
What is the mission statement of Loomis House Inc?
Loomis House Inc's mission is centered around promoting positive aging for older adults. They strive to enrich the lives of senior citizens by providing them with opportunities for growth and fulfillment. Although the information provided mentions that they previously offered long-term care in a skilled nursing center, it is implied that they plan to continue serving elderly adults under this organization's Tax Identification Number (EIN) in the future.
Official website here: www.loomiscomunities.org
Who is the CEO of Loomis House Inc?
Carly Cavanaugh is the Ceo/President of Loomis House Inc. The CEO's salary of Loomis House Inc is $0 and their total compensation is $372,535.
Official website here: www.loomiscomunities.org
What is the revenue of Loomis House Inc?
Loomis House Inc's revenue in 2022 was $109,658.
Official website here: www.loomiscomunities.org
Who are the executives of Loomis House Inc and what are their salaries?
There 17 volunteers at Loomis House Inc.
Here are 21 key members and their salaries (Loomis House Inc's CEO's salary is $0 and their total compensation is $372,535):
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- Related: $352,543
- Other: $19,992
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- Related: $170,025
- Other: $9,750
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Official website here: www.loomiscomunities.org
Where can I find the form 990 for Loomis House Inc?
Loomis House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.loomiscomunities.org
Learn more at the official website: www.loomiscomunities.org
Mission Statement of Loomis House Inc
Loomis House Inc, a nonprofit organization, is committed to promoting positive aging by enhancing the lives of older adults. Their mission is to open doors to opportunities that foster a fulfilling later stage of life. By enriching the experiences of older adults, Loomis House Inc aims to contribute to their overall well-being and satisfaction. Although the information provided does not detail the specific programs or initiatives undertaken by Loomis House Inc to achieve this mission, it is clear that their focus is on providing support and care to elderly and disabled individuals. Prior to November 1, 2017, they offered long-term care in a skilled nursing center. Despite selling this facility, they continue to serve the elderly under the same EIN number, indicating their ongoing commitment to this demographic.
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Impact
October, 2024
Loomis House Inc has made a significant impact by enhancing the quality of life for older adults in the South Hadley area. Through its skilled nursing center, it provided long-term care specifically tailored to meet the needs of the elderly and disabled, ensuring they received the support and resources necessary for positive aging. Even after the sale of the facility in November 2017, Loomis House Inc remains committed to its mission of enriching the lives of seniors, indicating a dedication to continue serving this demographic in the future. By fostering an environment focused on positive aging, it has played a crucial role in supporting the well-being and dignity of older adults in the community.
This information is meant to be a general summary of Loomis House 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: $109,658
- Gross Receipts: $109,658
Assets and Liabilities:
- Total Assets: $3,762,800
- Total Liabilities: $101,672
- Net Assets: $3,661,128
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Organization Details
Founding Year
1983
Phone
(413) 532-5325Principal Officer
Carly Cavanaugh
Main Address
246 North Main Street, South Hadley, MA, 01075
Website
www.loomiscomunities.orgNTEE Category
Code: L00 - Housing
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