Overview
What is Edgewood Retirement Community Inc?
Edgewood Retirement Community Inc is a nonprofit organization located at 575 Osgood Street, North Andover, MA 01845, consisting of 217 residential units, 24 cottages, common space, 59 nursing care beds, and 40 assisted living beds. The community is operated under the "Life Care" concept, requiring a one-time entrance fee and monthly service fees for the use and privileges of the community for life. Edgewood also manages The Woodlands Inn, an enhanced living facility with 40 units. As a continuing care retirement community, Edgewood Retirement Community Inc offers independent living, healthcare, and supportive services to empower its members to be architects of their own well-being. Edgewood's mission is to create a caring culture with passionate attention to individual needs and values. The organization employs a total of 404 individuals.
Official website here: www.edgewoodrc.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 81% (Three-Star out of Four Stars)
Edgewood Retirement Community Inc has received a Three-Star rating, reflecting an overall score of 81%, which is primarily based on its accountability and finance metrics. The organization demonstrates strong financial health, with a program expense ratio of 90.60%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs.
The nonprofit excels in governance practices, featuring a highly independent board with 94% independent members, which contributes to its effective oversight. Additionally, Edgewood has established robust policies regarding conflict of interest, whistleblower protections, and document retention, all of which enhance its credibility and accountability to stakeholders.
While the organization shows strong performance in its financial and accountability measures, the overall rating is solely derived from these aspects, suggesting that further evaluation of its programmatic impact could provide a more comprehensive view of its effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Edgewood Retirement Community Inc?
Edgewood Retirement Community Inc has received positive feedback from its initial reviews, indicating that the facility offers a wide range of engaging activities for residents. One reviewer highlighted the diverse options available, such as yoga, poetry, arts and crafts, and themed events like Super Bowl parties, suggesting that there is something to suit every interest.
This variety appears to contribute to a vibrant community atmosphere, appealing to different preferences and enhancing the overall experience for the residents. The enthusiasm expressed in the reviews implies a genuine appreciation for the community's commitment to providing enjoyable and fulfilling activities.
Overall, it seems that Edgewood Retirement Community is off to a promising start with its offerings, making a positive impression on those who have shared their experiences thus far.
This AI summary has been generated from reviews found on Facebook.
Is Edgewood Retirement Community Inc legitimate?
Edgewood Retirement Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edgewood Retirement 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: $1,076,740
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,285,139
For more financial information, click here
Official website here: www.edgewoodrc.com
What is the mission statement of Edgewood Retirement Community Inc?
Edgewood Retirement Community Inc strives to empower its members to be in charge of their own well-being by providing independent living, healthcare, and supportive services. They are dedicated to creating a caring culture with a passionate focus on individual needs and values. The community consists of 217 residential units, cottages, common spaces, 59 nursing care beds, and 40 assisted living beds. Edgewood operates under the "Life Care" concept, which requires a one-time entrance fee and monthly service fees, granting residents the use and privileges of the community for life. Furthermore, the Woodlands Inn, an enhanced living facility comprised of 40 units, is also part of the community.
Official website here: www.edgewoodrc.com
Who is the CEO of Edgewood Retirement Community Inc?
Marlene Rotering is the President/Ceo of Edgewood Retirement Community Inc. The CEO's salary of Edgewood Retirement Community Inc is $625,797 and their total compensation is $686,073.
Official website here: www.edgewoodrc.com
What is the revenue of Edgewood Retirement Community Inc?
Edgewood Retirement Community Inc's revenue in 2022 was $28,502,846.
Official website here: www.edgewoodrc.com
Who are the executives of Edgewood Retirement Community Inc and what are their salaries?
The average compensation at Edgewood Retirement Community Inc during 2022 was $25,648. There are 404 employees and 22 volunteers at Edgewood Retirement Community Inc.
Here are 26 key members and their salaries (Edgewood Retirement Community Inc's CEO's salary is $625,797 and their total compensation is $686,073):
- Compensation: $625,797
- Related: $0
- Other: $60,276
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- Compensation: $285,890
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- Other: $32,571
- Compensation: $227,523
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- Other: $30,431
- Compensation: $185,039
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- Other: $53,089
- Compensation: $189,290
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- Other: $18,424
- Compensation: $163,414
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- Other: $17,443
- Compensation: $146,233
- Related: $0
- Other: $16,909
Official website here: www.edgewoodrc.com
Where can I find the form 990 for Edgewood Retirement Community Inc?
Edgewood Retirement Community Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.edgewoodrc.com
Learn more at the official website: www.edgewoodrc.com
Mission Statement of Edgewood Retirement Community Inc
Edgewood Retirement Community Inc, a continuing care retirement community, is dedicated to offering independent living, healthcare, and supportive services to its members. By doing so, Edgewood empowers its residents to be the architects of their own well-being. This mission is pursued with a relentless commitment to creating a caring culture that pays close attention to individual needs and values.
The community, which consists of 217 residential units, 24 cottages, common space, 59 nursing care beds, and 40 assisted living beds, operates under the "Life Care" concept. This agreement requires a one-time entrance fee and monthly service fees, providing residents with the use and privileges of the community for life. Edgewood Retirement Community Inc also manages The Woodlands Inn, an enhanced living facility composed of 40 units.
As a part of its commitment to its residents, Edgewood Retirement Community Inc focuses on fostering a caring environment and individualized attention. With a wide range of services available, the community caters to the various needs of its members, ensuring they can age comfortably and securely. The team at Edgewood is passionate about providing exceptional care and support, enabling its residents to live their best lives.
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Impact
October, 2024
Edgewood Retirement Community Inc plays a vital role in enhancing the quality of life for its residents by providing a comprehensive range of services tailored to their needs. With 217 residential units, 24 cottages, 59 nursing care beds, and 40 assisted living beds, Edgewood fosters a supportive and welcoming environment.
Operating under the "Life Care" concept, residents benefit from lifelong access to a myriad of healthcare and supportive services. This model allows individuals to maintain their independence while ensuring that they have access to assistance as their needs change over time. The emphasis on empowering residents to be architects of their own well-being reflects a commitment to personalized care, which is fundamental to Edgewood’s mission.
In addition to its residential offerings, Edgewood operates The Woodlands Inn, an enhanced living facility comprising 40 units. This further extends its capacity to cater to various levels of care, ensuring that every resident receives the appropriate support.
The community embodies a caring culture that prioritizes individualized attention, making it a cornerstone of service in North Andover, MA. By focusing on health, well-being, and supportive living, Edgewood significantly contributes to the overall health and happiness of its residents, enriching their lives and fostering a sense of belonging.
This information is meant to be a general summary of Edgewood Retirement 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 2022.
- Investment Income: $1,197,916
- Program Service Revenue: $27,000,433
- Gross Receipts: $38,632,022
Assets and Liabilities:
- Total Assets: $134,239,865
- Total Liabilities: $167,252,714
- Net Assets: -$33,012,849
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
IND. LIVING UNIT RESIDENT SERVICE
Revenue
$17,574,251
HEALTH CTR RESIDENT SERVICES FEES
Revenue
$4,298,309
ENHANCED LIVING SERVICES
Revenue
$3,620,413
ENTRANCE FEES
Revenue
$1,507,460
Organization Details
Founding Year
1993
Phone
(978) 725-3300Principal Officer
Marlene Rotering
Main Address
575 OSGOOD STREET, NORTH ANDOVER, MA, 01845
Website
www.edgewoodrc.comNTEE Category
Code: P750 - Human services
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