Overview
What is Salem Community Corporation?
Salem Community Corporation is a Massachusetts-based nonprofit organization dedicated to enhancing the well-being, independence, and personal fulfillment of seniors. Established with a caring spirit from founding churches, they provide excellent housing, healthcare, and supportive services through their facilities. The organization operates an 82-bed nursing home, Knollwood Nursing Center, and a 228-unit continuing care retirement and assisted living facility, Briarwood Community, in Worcester and West Boylston. Their mission extends beyond housing, as they aim to improve seniors' lives through various services. With a team of 345 employees, Salem Community Corporation strives to create a supportive community for its residents.
Official website here: www.briarwoodretirement.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Salem Community Corporation has received an 81% rating from Charity Navigator, which reflects a solid performance in the area of accountability and finance. This score is primarily based on a thorough assessment of the organization's financial practices and governance structures. The high ranking in areas such as board independence and a clear conflict of interest policy suggests a strong commitment to ethical oversight.
The organization demonstrates a commendable program expense ratio of 85.90%, indicating that a significant portion of its expenditures directly supports its mission-related activities. Furthermore, the absence of material diversion of assets highlights the integrity of its financial management. However, a concerning aspect is the liabilities to assets ratio at 114.67%, which may signal potential financial strain or a higher level of debt compared to assets.
While Salem Community Corporation shows strengths in governance and program funding, the financial health indicated by their liabilities raises some caution. Stakeholders may want to monitor this aspect closely to ensure the organization's long-term sustainability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Salem Community Corporation legitimate?
Salem Community Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salem Community Corporation 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: $7,122,095
For more financial information, click here
Official website here: www.briarwoodretirement.com
What is the mission statement of Salem Community Corporation?
The Salem Community Corporation is dedicated to enhancing the well-being, independence, and personal fulfillment of senior residents and other elderly individuals. They accomplish this mission by providing excellent housing, healthcare, wellness, and supportive services. The organization's program offerings include the management of an 82-bed nursing home and a continuing care retirement and assisted living facility, which together house 228 units. The goal is to uphold the caring spirit of the founding churches while catering to the needs of seniors, ensuring they live fulfilling lives.
Official website here: www.briarwoodretirement.com
Who is the CEO of Salem Community Corporation?
Andrew Freilich is the Principal Officer of Salem Community Corporation. The CEO's salary of Salem Community Corporation is $0 and their total compensation is $0.
Official website here: www.briarwoodretirement.com
What is the revenue of Salem Community Corporation?
Salem Community Corporation's revenue in 2021 was $20,062,867.
Official website here: www.briarwoodretirement.com
Who are the executives of Salem Community Corporation and what are their salaries?
The average compensation at Salem Community Corporation during 2021 was $20,644. There are 345 employees and 100 volunteers at Salem Community Corporation.
Here are 22 key members and their salaries (Salem Community Corporation's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $104,535
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- Other: $12,645
- Compensation: $112,722
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- Other: $14,464
- Compensation: $120,423
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- Other: $13,041
Official website here: www.briarwoodretirement.com
Where can I find the form 990 for Salem Community Corporation?
Salem Community Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.briarwoodretirement.com
Learn more at the official website: www.briarwoodretirement.com
Mission Statement of Salem Community Corporation
Salem Community Corporation, a renowned organization, is dedicated to improving the lives of seniors by providing exceptional housing, healthcare, wellness, and supportive services. The mission of this esteemed organization is to enhance the well-being, independence, and personal fulfillment of its residents and other seniors. The caring spirit of the founding churches is reflected in every aspect of Salem Community Corporation's operations.
The organization offers a range of program services to meet the diverse needs of its residents. Among these services is the operation of an 82-bed nursing home, Knollwood Nursing Center, and a 228-unit continuing care retirement and assisted living facility, Briarwood Community. These facilities provide seniors with a safe and comfortable living environment, ensuring they receive the care and support they need to thrive. The organization's commitment to excellence is evident in its dedication to the physical and emotional well-being of its residents, striving to make a meaningful difference in their lives.
Salem Community Corporation goes beyond the provision of housing and care services. It focuses on the overall well-being of its residents, addressing their health, wellness, and social needs. The organization is deeply committed to providing support that fosters independence and personal fulfillment for its seniors, ensuring they continue to live engaging and rewarding lives. With a compassionate and caring approach, Salem Community Corporation is making a significant impact on the lives of seniors and demonstrating its unwavering commitment to their well-being.
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Impact
October, 2024
Salem Community Corporation significantly enhances the well-being and independence of seniors in the Worcester and West Boylston, Massachusetts area through its comprehensive housing and support services. Operating the 82-bed Knollwood Nursing Center and the 228-unit Briarwood Community, the organization provides essential care in both nursing and assisted living environments.
The programs offered aim to promote personal fulfillment for residents by fostering a supportive community that prioritizes health and wellness. By focusing on high-quality care and a nurturing environment, Salem Community Corporation plays a vital role in ensuring that seniors can lead fulfilling lives, maintaining their dignity and independence. The organization embodies a caring spirit that aligns with the values of its founding churches, creating a legacy of service and compassion within the community.
This information is meant to be a general summary of Salem Community Corporation. 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 2021.
- Investment Income: $721,619
- Program Service Revenue: $18,440,427
- Gross Receipts: $22,998,118
Assets and Liabilities:
- Total Assets: $69,833,808
- Total Liabilities: $79,426,050
- Net Assets: -$9,592,242
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$18,440,427
Organization Details
Founding Year
1974
Phone
(508) 852-2670Principal Officer
Andrew Freilich
Main Address
65 BRIARWOOD CIRCLE, WORCESTER, MA, 01606
Website
www.briarwoodretirement.comNTEE Category
Code: P750 - Human services
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