Overview
What is Ocean State Assisted Living?
Ocean State Assisted Living, known as The Seasons East Greenwich, is a nonprofit organization situated in East Greenwich, Rhode Island. They operate an assisted living community and offer specialized care for individuals with dementia, providing a total of 86 living spaces. Their mission is to strike a balance between community, wellness, and assisted living services, ensuring the highest quality of life, dignity, and independence for their residents. The organization employs 71 individuals to deliver these services, demonstrating their commitment to the care of the elderly and memory-impaired population.
Official website here: www.theseasons.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Ocean State Assisted Living has received a solid three-star rating from Charity Navigator, supported by an accountability and finance score of 81%. This rating indicates a strong commitment to transparency and responsible financial management, which is crucial for nonprofit organizations. The scoring reflects adherence to best practices in oversight, including having a fully independent board and robust financial policies.
The organization demonstrates significant strengths, particularly with its program expense ratio, which stands at an impressive 91.31%. This suggests that a large portion of its resources is directed towards fulfilling its mission and providing services. Additionally, Ocean State Assisted Living has a well-structured governance framework, highlighted by a conflict of interest policy, whistleblower protection, and documented board meeting minutes, all contributing to its accountability.
However, the organization does face a challenge with its liabilities to assets ratio, scoring 0 out of 15 points. This may indicate potential concerns regarding financial stability, as it suggests a higher level of liabilities compared to assets. Overall, while Ocean State Assisted Living exhibits strong governance and financial accountability, attention to its financial stability will be important moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Ocean State Assisted Living legitimate?
Ocean State Assisted Living is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean State Assisted Living 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: $145,853
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,343,031
For more financial information, click here
Official website here: www.theseasons.org
What is the mission statement of Ocean State Assisted Living?
Ocean State Assisted Living (OSAL) is committed to offering a harmonious blend of community, wellness, and assisted living services for both independent and memory-impaired residents. Their mission is to uphold the quality of life, dignity, and maximum independence for these residents. By providing 66 traditional assisted living apartments and 20 dementia care residences, OSAL aims to strike a balance between independence and care.
Official website here: www.theseasons.org
What is the revenue of Ocean State Assisted Living?
Ocean State Assisted Living's revenue in 2023 was $7,367,062.
Official website here: www.theseasons.org
Who are the executives of Ocean State Assisted Living and what are their salaries?
The average compensation at Ocean State Assisted Living during 2023 was $27,965. There are 89 employees and 6 volunteers at Ocean State Assisted Living.
Here are 12 key members and their salaries:
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- Compensation: $138,240
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- Other: $7,613
- Compensation: $111,266
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- Other: $10,710
Official website here: www.theseasons.org
Where can I find the form 990 for Ocean State Assisted Living?
Ocean State Assisted Living's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.theseasons.org
Learn more at the official website: www.theseasons.org
Mission Statement of Ocean State Assisted Living
Ocean State Assisted Living, a renowned assisted living community, is dedicated to providing a harmonious blend of community, wellness, and assisted living services. Its mission is centered around supporting independent and memory-impaired residents, fostering their quality of life, dignity, and maximum independence. By offering 66 traditional assisted living apartments and 20 dementia care residences, Ocean State Assisted Living strives to strike a balance between independence and care, ensuring the residents can live their lives to the fullest extent possible. The organization's primary objective is to promote the well-being of its residents, prioritizing their overall satisfaction and happiness.
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Impact
July, 2024
Ocean State Assisted Living positively impacts the lives of its residents by providing quality care in a balanced community setting. With a focus on promoting resident quality of life, dignity, and maximum independence, Ocean State Assisted Living offers 66 traditional assisted living apartments and 20 dementia care residences in East Greenwich, RI. Through its mission to provide a balance of community, wellness, and assisted living services, Ocean State Assisted Living plays a crucial role in supporting independent and memory-impaired residents in their daily living activities and overall well-being.
This information is meant to be a general summary of Ocean State Assisted Living. 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 2023.
- Investment Income: $128,613
- Program Service Revenue: $7,197,755
- Gross Receipts: $7,483,494
Assets and Liabilities:
- Total Assets: $16,935,095
- Total Liabilities: $15,327,997
- Net Assets: $1,607,098
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$6,753,857
ANCILLARY SERVICES
Revenue
$443,898
Organization Details
Founding Year
2000
Principal Officer
Daniel J Hughes
Website
www.theseasons.orgNTEE Category
Code: L22 - Housing
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