Overview
What is Ives Hill Retirement Community Inc?
Ives Hill Retirement Community Inc, situated in Watertown, New York, is a nonprofit organization established with the purpose of providing affordable housing for seniors. This community offers a range of services to its residents, ensuring their comfort and well-being. These services include nutritious meals, transportation, housekeeping, maintenance, lawn care, snow removal, and a 24-hour emergency response system. Additionally, planned activities and wellness services are available to foster an engaging and healthy living environment for the seniors residing there.
Official website here: www.iveshillretirement.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Ives Hill Retirement Community Inc has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement in its operations. While it has a solid track record regarding board independence and governance policies, such as whistleblower and conflict of interest policies, the organization struggles with financial transparency and efficiency. The accountability and finance score of 65% reflects these concerns, particularly in terms of its liabilities to assets ratio and the absence of its tax form on the website.
Strengths of Ives Hill include a fully independent board and a well-structured audit and oversight committee, both of which contribute positively to its governance practices. The organization has also established various policies that safeguard stakeholder interests, demonstrating a commitment to ethical management. However, these strengths are overshadowed by financial metrics that suggest potential instability, as indicated by a high liabilities to assets ratio of 89.15%.
Despite the organization's commitment to transparency through the publication of board meeting minutes and other policies, the lack of accessible financial statements and a low program expense ratio of 57.12% raise concerns about its operational effectiveness. Stakeholders may find the current financial challenges troubling, prompting the need for Ives Hill to enhance its financial practices and accountability to improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Ives Hill Retirement Community Inc legitimate?
Ives Hill Retirement Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ives Hill 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $600,420
For more financial information, click here
Official website here: www.iveshillretirement.org/
What is the mission statement of Ives Hill Retirement Community Inc?
Ives Hill Retirement Community Inc was established with the mission to provide affordable housing for senior citizens. A range of services such as meals, transportation, housekeeping, maintenance, lawncare, snow removal, 24-hour emergency response, planned activities, and wellness services are offered or available to the residents. The community aims to ensure the seniors live comfortably and have access to necessary amenities. Its mission is geared towards enhancing the quality of life for senior citizens by offering them a supportive living environment.
Official website here: www.iveshillretirement.org/
Who is the CEO of Ives Hill Retirement Community Inc?
Lisa Ressman is the President & Ceo of Ives Hill Retirement Community Inc. The CEO's salary of Ives Hill Retirement Community Inc is $0 and their total compensation is $354,461.
Official website here: www.iveshillretirement.org/
What is the revenue of Ives Hill Retirement Community Inc?
Ives Hill Retirement Community Inc's revenue in 2022 was $2,071,786.
Official website here: www.iveshillretirement.org/
Who are the executives of Ives Hill Retirement Community Inc and what are their salaries?
The average compensation at Ives Hill Retirement Community Inc during 2022 was $11,119. There are 54 employees at Ives Hill Retirement Community Inc.
Here are 21 key members and their salaries (Ives Hill Retirement Community Inc's CEO's salary is $0 and their total compensation is $354,461):
- Compensation: $0
- Related: $331,712
- Other: $22,749
- Compensation: $0
- Related: $180,692
- Other: $22,258
- Compensation: $0
- Related: $172,853
- Other: $8,680
- Compensation: $0
- Related: $159,115
- Other: $11,808
- Compensation: $0
- Related: $156,792
- Other: $10,260
- Compensation: $0
- Related: $157,304
- Other: $2,521
- Compensation: $0
- Related: $147,800
- Other: $3,302
- Compensation: $0
- Related: $129,309
- Other: $17,086
- Compensation: $0
- Related: $127,655
- Other: $13,970
- Compensation: $0
- Related: $114,009
- Other: $7,597
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.iveshillretirement.org/
Where can I find the form 990 for Ives Hill Retirement Community Inc?
Ives Hill Retirement Community Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iveshillretirement.org/
Learn more at the official website: www.iveshillretirement.org/
Mission Statement of Ives Hill Retirement Community Inc
Ives Hill Retirement Community Inc was established with a mission to provide affordable housing for seniors. This nonprofit organization offers a range of services to its residents, ensuring they live comfortably and securely. These services include meals, transportation, housekeeping, maintenance, lawncare, snow removal, 24-hour emergency response, planned activities, and wellness services. By providing these services, Ives Hill Retirement Community Inc aims to enhance the quality of life for its senior residents, making their golden years as fulfilling and stress-free as possible.
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Impact
October, 2024
Ives Hill Retirement Community Inc significantly contributes to the well-being of seniors in Watertown, NY, by providing affordable housing options tailored to their needs. The community offers a spectrum of essential services, which include nutritious meals, transportation, and housekeeping. This comprehensive support system not only enhances the quality of life for residents but also promotes independence and dignity for aging individuals.
Additional services such as maintenance, lawn care, and snow removal ensure that residents can enjoy their living environment without the burdens of everyday upkeep. Ives Hill is committed to safety with a 24-hour emergency response service, allowing residents to feel secure in their home. Moreover, the planned activities and wellness services foster social interaction and physical health, contributing to a vibrant community atmosphere.
Overall, Ives Hill Retirement Community Inc plays a crucial role in maintaining a supportive and affordable living space for seniors, enabling them to thrive in a safe and engaging environment.
This information is meant to be a general summary of Ives Hill 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.
- Program Service Revenue: $1,969,496
- Gross Receipts: $2,071,786
Assets and Liabilities:
- Total Assets: $11,843,070
- Total Liabilities: $10,558,630
- Net Assets: $1,284,440
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$1,452,465
ENTRANCE FEES
Revenue
$517,031
Organization Details
Founding Year
1997
Phone
(315) 779-9590Principal Officer
Lisa Ressman
Main Address
1200 JEWELL DR, WATERTOWN, NY, 13601
Website
www.iveshillretirement.org/NTEE Category
Code: L22 - Housing
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