Overview
What is Lathrop Community Inc?
Lathrop Community Inc, based in Easthampton, Massachusetts, is a nonprofit organization with a mission to address the evolving needs of older adults in their community with compassion and respect. Their primary activities include managing and maintaining residential units, common areas, providing resale opportunities for residents, organizing recreational activities, and offering support services. With a workforce of 90 dedicated individuals, Lathrop Community Inc aims to enhance the lives of older adults by creating a supportive environment that caters to their changing needs.
Official website here: www.lathrop.kendal.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
Lathrop Community Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid performance in the area of Accountability & Finance. The charity scored an impressive 81% overall, primarily due to its strong governance practices. Key strengths include a fully independent board, a comprehensive audit and oversight committee, and robust policies in place for conflicts of interest and whistleblower protections.
The organization demonstrates a high level of commitment to transparency, with all required documents readily available and well-maintained. Notable metrics include a program expense ratio of 79.61%, indicating that a significant portion of funds is directed toward its programs. This suggests effective allocation of resources in fulfilling its mission.
However, a point of concern arises from the organization's liabilities to assets ratio, which stands at 229.97%. This high ratio could indicate potential financial instability, warranting attention to ensure long-term sustainability. Overall, while Lathrop Community Inc exhibits strong governance and financial practices, monitoring its financial health will be crucial moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Lathrop Community Inc legitimate?
Lathrop Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lathrop 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: $328,233
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,024,912
For more financial information, click here
Official website here: www.lathrop.kendal.org
What is the mission statement of Lathrop Community Inc?
Lathrop Community Inc's mission is centered around responding with respect and compassion to the evolving needs of older adults in various communities. This organization strives to address the needs of its elderly population in a sensitive and considerate manner, ensuring that its services are tailored to their changing requirements. The organization's activities encompass a range of services, including maintaining residential units and common areas, offering resale opportunities for residents, organizing recreational activities, and providing support services. While the provided information is limited, it suggests that Lathrop Community Inc is dedicated to enhancing the lives of older adults in its care.
Official website here: www.lathrop.kendal.org
Who is the CEO of Lathrop Community Inc?
Cynthia Jerome is the Director of Lathrop Community Inc.
Official website here: www.lathrop.kendal.org
What is the revenue of Lathrop Community Inc?
Lathrop Community Inc's revenue in 2021 was $6,704,527.
Official website here: www.lathrop.kendal.org
Who are the executives of Lathrop Community Inc and what are their salaries?
The average compensation at Lathrop Community Inc during 2021 was $26,146. There are 90 employees at Lathrop Community Inc.
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- Other: $16,411
Official website here: www.lathrop.kendal.org
Where can I find the form 990 for Lathrop Community Inc?
Lathrop Community Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.lathrop.kendal.org
Learn more at the official website: www.lathrop.kendal.org
Mission Statement of Lathrop Community Inc
Lathrop Community Inc, a nonprofit organization, is committed to addressing the evolving needs of older adults in various communities with respect and compassion. Their mission is multifaceted, encompassing a range of services tailored to older adults. These services include managing and maintaining residential units and common areas, facilitating resale opportunities for residents, organizing recreational activities, and providing support services. The organization's ultimate goal is to create an environment where older adults can live comfortably and with dignity, fostering a sense of community and well-being.
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Impact
July, 2024
Lathrop Community Inc positively impacts older adults in our communities by providing a supportive and compassionate environment that meets their changing needs. Through the sales and maintenance of residential units, as well as offering resident activities and support services, Lathrop Community Inc fosters a sense of community and care for its residents. This organization plays a vital role in enhancing the quality of life for older adults in Easthampton, MA, by providing housing and services tailored to their needs.
This information is meant to be a general summary of Lathrop 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 2021.
- Investment Income: $29,161
- Program Service Revenue: $6,522,040
- Gross Receipts: $6,712,283
Assets and Liabilities:
- Total Assets: $20,123,468
- Total Liabilities: $45,262,314
- Net Assets: -$25,138,846
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT FEES
Revenue
$5,814,859
AMORT OF ENT FEES
Revenue
$486,183
OTHER FEES
Revenue
$181,981
SUPPORT SERVICE FEES
Revenue
$39,017
Organization Details
Founding Year
1988
Phone
(413) 586-0006Principal Officer
Cynthia Jerome
Main Address
100 BASSETT BROOK DRIVE, EASTHAMPTON, MA, 01027
Website
www.lathrop.kendal.orgNTEE Category
Code: L220 - Housing
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