Overview
What is Lakeside Memorial Hospital Inc?
Lakeside Memorial Hospital Inc, located in Brockport, New York, was originally established to offer a wide array of medical services to the local community. Initially, it aimed to cater to the health needs of the general public. Regrettably, the hospital ceased its operations on April 30, 2013. Despite its closure, the hospital's mission to contribute positively to community healthcare remains an important part of its legacy.
Official website here: www.lakesidehealth.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Stars
Lakeside Memorial Hospital Inc has received a low rating of 57%, which translates to a One-Star designation. This score reflects significant concerns regarding the organization's financial practices, especially a concerning liabilities to assets ratio of 522.29%. Although the organization demonstrates strong governance with 100% independent board members and a comprehensive conflict of interest policy, the financial metrics raise serious questions about its sustainability and operational efficacy.
The organization shows strengths in several governance aspects, such as having independent board members and maintaining key policies related to whistleblower protection and document retention. However, it fails in critical financial areas, notably with a program expense ratio of 0.00%, indicating a lack of funding directed toward its programs. Furthermore, the absence of the tax form on its website limits transparency and accessibility for potential donors and stakeholders.
Overall, while Lakeside Memorial Hospital Inc has a solid governance structure, the troubling financial indicators suggest that potential donors should approach with caution. The organization needs to address its financial practices in order to improve its standing and effectively fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lakeside Memorial Hospital Inc legitimate?
Lakeside Memorial Hospital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeside Memorial Hospital 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: $0
For more financial information, click here
Official website here: www.lakesidehealth.com
What is the mission statement of Lakeside Memorial Hospital Inc?
Lakeside Memorial Hospital Inc, prior to its closure in April 2013, had a mission to offer a comprehensive range of hospital and medical services to the general public. While the hospital is no longer in operation, its original mission was to serve the community's health needs comprehensively. However, due to unspecified reasons, Lakeside Memorial Hospital ceased operations on April 30, 2013. It's important to note that this summary is based on the provided data and does not include any information beyond it.
Official website here: www.lakesidehealth.com
Who is the CEO of Lakeside Memorial Hospital Inc?
Patricia Hayles is the Board Chair of Lakeside Memorial Hospital Inc.
Official website here: www.lakesidehealth.com
What is the revenue of Lakeside Memorial Hospital Inc?
Lakeside Memorial Hospital Inc's revenue in 2022 was $681.
Official website here: www.lakesidehealth.com
Who are the executives of Lakeside Memorial Hospital Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.lakesidehealth.com
Where can I find the form 990 for Lakeside Memorial Hospital Inc?
Lakeside Memorial Hospital Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakesidehealth.com
Learn more at the official website: www.lakesidehealth.com
Mission Statement of Lakeside Memorial Hospital Inc
Lakeside Memorial Hospital Inc, initially established with the mission to offer a comprehensive array of healthcare services to the general public, ceased operations on April 30, 2013. This nonprofit institution was dedicated to providing medical care and support to its community, ensuring access to necessary medical services for all. Unfortunately, due to unspecified reasons, Lakeside Memorial Hospital Inc was forced to close its doors, leaving a gap in the healthcare sector for the community it served. Despite its closure, the legacy of Lakeside Memorial Hospital Inc continues to be remembered as a significant provider of medical services in the past.
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Impact
October, 2024
Lakeside Memorial Hospital Inc had a significant impact on the community of Brockport, NY, by originally providing a comprehensive range of hospital and medical services to the general public. By serving local residents, the hospital played a crucial role in ensuring access to healthcare within the region. Its closure on April 30, 2013, marked a pivotal moment for the community, as the loss of such a facility often leads to challenges in accessing immediate medical care. The absence of Lakeside Memorial Hospital has likely created gaps in healthcare services, necessitating residents to travel further for medical assistance, which can affect timely care and overall health outcomes. The hospital's legacy continues to influence community health dynamics and underscores the importance of accessible medical services in maintaining public health and wellbeing.
This information is meant to be a general summary of Lakeside Memorial Hospital 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: $408
- Gross Receipts: $681
Assets and Liabilities:
- Total Assets: $1,474,071
- Total Liabilities: $7,699,218
- Net Assets: -$6,225,147
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Organization Details
Founding Year
1939
Phone
(585) 395-6095Principal Officer
Patricia Hayles
Main Address
4107 LAKE ROAD N, BROCKPORT, NY, 14420
Website
www.lakesidehealth.comNTEE Category
Code: E220 - Health
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