Overview
What is Loomis Communities Inc?
Loomis Communities Inc is a Massachusetts-based nonprofit organization located at 246 North Main Street, South Hadley, with a total of 283 employees. Their mission is to promote positive aging for older adults by offering a continuum of high-quality independent and assisted living services. The retirement community, consisting of 38 cottage-style villa units, 96 independent living units, and 24 assisted living units, is dedicated to catering to seniors' changing needs. Loomis Communities' primary focus is to ensure independence and provide necessary support to enhance the lives of the elderly population.
Official website here: www.loomiscommunities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 81% - Three-Star out of Four Star Rating
Loomis Communities Inc has received an 81% rating from Charity Navigator, which translates to a Three-Star rating. This score is derived entirely from the organization's accountability and finance metrics, reflecting a strong commitment to transparency and responsible financial management.
The nonprofit boasts an impressive record of governance, with 94% of its board members being independent, ensuring that decisions are made with minimal conflict of interest. The organization has established robust policies, including those for whistleblower protection and document retention, demonstrating a commitment to ethical practices. Additionally, it maintains a high program expense ratio of approximately 73.87%, indicating that a significant portion of its resources is directed towards its programs and services.
However, while its financial oversight appears sound, some stakeholders may find concern in the salaries of key personnel, which are relatively high for nonprofit standards. It's essential for potential donors and supporters to consider both the positive governance practices and the compensation levels when evaluating their support for Loomis Communities Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Loomis Communities Inc legitimate?
Loomis Communities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loomis Communities 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: $552,310
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,830,838
For more financial information, click here
Official website here: www.loomiscommunities.org
What is the mission statement of Loomis Communities Inc?
The Loomis Communities aim to facilitate positive aging for older adults by offering a continuum of high-quality services that promote independence and cater to the evolving needs of individuals throughout the aging process. This mission is carried out by providing both independent and assisted living housing options in the form of cottage-style villas and independent living units. The Loomis Communities strive to open doors to a fulfilling and empowering aging experience for their residents.
Official website here: www.loomiscommunities.org
Who is the CEO of Loomis Communities Inc?
Margaret R Mantoni is the President & Ceo of Loomis Communities Inc. The CEO's salary of Loomis Communities Inc is $352,543 and their total compensation is $372,535.
Official website here: www.loomiscommunities.org
What is the revenue of Loomis Communities Inc?
Loomis Communities Inc's revenue in 2022 was $19,721,910.
Official website here: www.loomiscommunities.org
Who are the executives of Loomis Communities Inc and what are their salaries?
The average compensation at Loomis Communities Inc during 2022 was $22,555. There are 283 employees and 17 volunteers at Loomis Communities Inc.
Here are 26 key members and their salaries (Loomis Communities Inc's CEO's salary is $352,543 and their total compensation is $372,535):
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- Compensation: $352,543
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- Other: $22,302
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- Other: $11,312
Official website here: www.loomiscommunities.org
Where can I find the form 990 for Loomis Communities Inc?
Loomis Communities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.loomiscommunities.org
Learn more at the official website: www.loomiscommunities.org
Mission Statement of Loomis Communities Inc
Loomis Communities Inc, a leading organization in the field of senior care, is dedicated to facilitating positive aging for older adults. Through its mission, the organization aims to provide a continuum of high-quality services that promote independence and cater to the evolving needs of seniors as they progress through the aging process.
In practice, Loomis Communities offers independent and assisted living solutions for the elderly. The organization's living arrangements include 38 cottage-style villa units, 96 independent living units, and 24 assisted living units. These accommodations allow seniors to maintain their independence while receiving necessary support when needed, ensuring they can age gracefully and comfortably.
By creating an environment that fosters independence and addresses the unique needs of older adults, Loomis Communities is opening the door to a positive aging experience. The organization's commitment to quality and its adaptability to the changing needs of seniors sets it apart as a trusted and reliable provider in the senior living sector.
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Impact
October, 2024
Loomis Communities Inc significantly enhances the quality of life for seniors by offering a range of independent and assisted living options. Located in South Hadley, MA, Loomis Village features 38 cottage-style villa units, 96 independent living units, and 24 assisted living units, catering to the diverse needs of elderly residents.
The organization’s commitment to positive aging fosters an environment where seniors can maintain their independence while receiving the support they need. By providing high-quality services that adapt to the changing needs of older adults, Loomis Communities Inc plays a vital role in promoting dignity, social engagement, and overall well-being among its residents. This approach not only empowers individuals but also enriches the community as a whole, facilitating a culture of respect and care for the aging population.
This information is meant to be a general summary of Loomis Communities 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: $1,487,061
- Program Service Revenue: $17,757,595
- Gross Receipts: $19,785,254
Assets and Liabilities:
- Total Assets: $99,086,463
- Total Liabilities: $98,268,337
- Net Assets: $818,126
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$12,445,043
MANAGEMENT FEES
Revenue
$3,393,638
AMORTIZATION OF ENTRANCE FEES
Revenue
$1,600,568
HEALTH CARE SERVICES
Revenue
$318,346
Organization Details
Founding Year
1983
Phone
(413) 532-5325Principal Officer
Margaret R Mantoni
Main Address
246 NORTH MAIN STREET, SOUTH HADLEY, MA, 01075
Website
www.loomiscommunities.orgNTEE Category
Code: P750 - Human services
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