Overview
What is Loomis Senior Living Inc?
Loomis Senior Living Inc, also known as Reeds Landing, is a Springfield, Massachusetts-based nonprofit organization with a 42-bed nursing facility and a retirement community. The retirement community comprises 121 independent living apartments and 31 assisted living apartments, catering to older adults' varying needs. Loomis Senior Living aims to promote positive aging by offering a continuum of high-quality services that foster independence. Their mission is to open the door to a fulfilling aging experience for older adults through a full-service continuing care community. With a workforce of 199 employees, they provide essential services that accommodate changing needs throughout the aging process.
Official website here: www.loomiscommunities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Loomis Senior Living Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid score of 81%. This rating is based solely on accountability and financial management, showcasing the organization's commitment to transparency and responsible governance. The majority of the board members are independent, which is a positive indicator of effective oversight and potential mitigation of conflicts of interest.
The financial metrics are strong, with a program expense ratio of nearly 89%, indicating that a significant portion of funds is directed toward its programs rather than administrative costs. The organization also demonstrates robust financial governance through various policies, such as conflict of interest and whistleblower protection, which are important for fostering trust and integrity.
However, while the organization shows strength in its financial management, there may be concerns regarding the compensation levels of key personnel, with the CEO earning over $350,000. This could raise questions about salary appropriateness relative to the nonprofit sector standards and the organization's overall financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Loomis Senior Living Inc legitimate?
Loomis Senior Living Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loomis Senior Living 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: $5,189,669
For more financial information, click here
Official website here: www.loomiscommunities.org
What is the mission statement of Loomis Senior Living Inc?
Loomis Senior Living Inc is dedicated to facilitating a positive aging experience for older adults by offering a continuum of high-quality services. This organization promotes independence and caters to the evolving needs of individuals throughout the aging process. The mission of Loomis Senior Living is to open the door to a fulfilling aging experience by delivering a range of services that cater to various stages of aging. These services are designed to enable older adults to maintain their autonomy while receiving the necessary support. The organization takes a holistic approach, focusing on the physical, emotional, and social well-being of its residents.
Official website here: www.loomiscommunities.org
Who is the CEO of Loomis Senior Living Inc?
Margaret R Mantoni is the President & Ceo of Loomis Senior Living Inc. The CEO's salary of Loomis Senior Living Inc is $0 and their total compensation is $372,535.
Official website here: www.loomiscommunities.org
What is the revenue of Loomis Senior Living Inc?
Loomis Senior Living Inc's revenue in 2022 was $13,743,929.
Official website here: www.loomiscommunities.org
Who are the executives of Loomis Senior Living Inc and what are their salaries?
The average compensation at Loomis Senior Living Inc during 2022 was $26,079. There are 199 employees and 17 volunteers at Loomis Senior Living Inc.
Here are 25 key members and their salaries (Loomis Senior Living 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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- Other: $9,750
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- Other: $12,291
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- Other: $22,302
- Compensation: $165,897
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- Other: $19,532
- Compensation: $129,113
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- Other: $6,867
Official website here: www.loomiscommunities.org
Where can I find the form 990 for Loomis Senior Living Inc?
Loomis Senior Living 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 Senior Living Inc
Loomis Senior Living Inc, a leading continuing care retirement community, is dedicated to opening the door to positive aging for older adults. By providing a comprehensive range of high-quality services, this organization aims to promote independence and cater to the evolving needs of individuals as they progress through the aging process.
The mission of Loomis Senior Living Inc is twofold. First and foremost, it is committed to enhancing the lives of older adults by offering a continuum of care. This means that residents have access to a variety of services tailored to their unique requirements, ensuring they receive the appropriate level of support as their needs change over time.
Second, Loomis Senior Living Inc places a strong emphasis on independence. The organization understands that maintaining autonomy is crucial for older adults, and strives to create an environment where they can thrive. To achieve this, the community offers a full suite of services designed to promote self-reliance and encourage a sense of purpose and engagement among its residents.
Loomis Senior Living Inc is more than just a retirement community. It is a vibrant and supportive community where older adults can live their best lives. The organization's continuum of care includes a 42-bed nursing facility, as well as 121 independent living apartments and 31 assisted living apartments. With a focus on personalized care and a commitment to meeting the changing needs of older adults, Loomis Senior Living Inc truly stands out as a beacon of positivity and growth in the aging process.
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Impact
October, 2024
Loomis Senior Living Inc positively impacts the lives of older adults in Springfield, Massachusetts, by offering a full spectrum of care designed to promote independence and enhance the quality of life. The facility features a 42-bed nursing home alongside a retirement community comprising 121 independent living apartments and 31 assisted living apartments. This diverse range of living options allows residents to choose a lifestyle that best suits their needs while ensuring that they have access to additional support as their requirements evolve over time.
By focusing on the concept of positive aging, Loomis Senior Living encourages older adults to maintain autonomy and engage with the community. Their mission to provide high-quality services helps to not only meet the physical needs of residents but also address social and emotional well-being, fostering a sense of belonging and connection among individuals. This commitment to comprehensive care contributes significantly to the well-being of seniors, promoting a healthier and more fulfilling aging experience in the Springfield area.
This information is meant to be a general summary of Loomis Senior Living 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: $142,401
- Program Service Revenue: $12,445,521
- Gross Receipts: $13,743,929
Assets and Liabilities:
- Total Assets: $25,686,861
- Total Liabilities: $29,686,311
- Net Assets: -$3,999,450
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES FEES
Revenue
$5,833,380
NET PATIENT REVENUE - PUBLIC AIDE
Revenue
$2,928,630
NET PATIENT REVENUE - PRIVATE
Revenue
$2,805,677
AMORT. OF ENTRANCE FEES
Revenue
$811,601
HEALTH SERVICES
Revenue
$66,233
Organization Details
Founding Year
1996
Phone
(413) 532-5325Principal Officer
Margaret R Mantoni
Main Address
807 WILBRAHAM ROAD, SPRINGFIELD, MA, 01109
Website
www.loomiscommunities.orgNTEE Category
Code: S50 - Community improvement
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