Overview
What is King Farm Presbyterian Retirement Community Inc?
King Farm Presbyterian Retirement Community Inc, located in Rockville, Maryland, is a faith-based, not-for-profit organization dedicated to caring for seniors. With over 400 employees, it offers various levels of care for seniors aged 60 and above, including independent living, assisted living, memory support assisted living, and skilled nursing. The community promotes overall wellness through daily life-enrichment programs, focusing on seven dimensions: physical, intellectual, emotional, social, spiritual, and environmental. These programs include regular exercise, healthy nutrition, decision-making processes, spiritual services, and social events. The residents, who come from diverse backgrounds, find deeper purpose and meaning in their lives through these engaging activities. The community is LEED certified and offers a calm, relaxing environment. If residents require additional care, a weekly review committee discusses the best setting for their needs, and healthcare services are provided on-site. King Farm Presbyterian Retirement Community Inc aims to provide distinctive and sustainable residential settings for active seniors, where they can live in vibrant, caring, and spiritually rich communities.
Official website here: www.ikfmd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
King Farm Presbyterian Retirement Community Inc has received an overall score of 81%, which reflects its strong commitment to accountability and finance practices. The organization excels in several key areas, such as having a fully independent board and effective financial oversight, which contributes positively to its rating. The organization’s program spending ratio is high, indicating that a significant portion of its resources is directed toward its programs.
However, the nonprofit has some limitations, particularly noted in its liabilities to assets ratio, which did not score well. This suggests that the organization may have a higher level of financial obligations compared to its assets, which could impact its financial stability. Overall, while King Farm Presbyterian Retirement Community shows strong governance and financial accountability, potential donors and stakeholders should be mindful of its financial ratios.
This AI summary has been generated from information found on Charity Navigator.
Is King Farm Presbyterian Retirement Community Inc legitimate?
King Farm Presbyterian Retirement Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. King Farm Presbyterian 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: $11,104,876
For more financial information, click here
Official website here: www.ikfmd.org
What is the mission statement of King Farm Presbyterian Retirement Community Inc?
King Farm Presbyterian Retirement Community Inc is dedicated to providing exceptional continuing care services to older adults in a faith-based organization. They strive to create vibrant, caring, and spiritually rich communities where seniors can rely on continuing wellness and healthcare services. Through daily life-enrichment programming, they focus on various dimensions of wellness, including physical, emotional, intellectual, social, and spiritual. The community offers a range of care levels, from independent living to skilled nursing, and caters to residents' diverse backgrounds and beliefs. Life-enrichment programs promote decision-making processes, celebrate milestones, and encourage residents to take a leadership role in creating on-campus programs. The social environment and continuing healthcare contribute to residents' overall wellbeing, allowing them to live longer and more fulfilling lives.
Official website here: www.ikfmd.org
Who is the CEO of King Farm Presbyterian Retirement Community Inc?
Lynn O'Connor is the President/Ceo of King Farm Presbyterian Retirement Community Inc. The CEO's salary of King Farm Presbyterian Retirement Community Inc is $0 and their total compensation is $560,048.
Official website here: www.ikfmd.org
What is the revenue of King Farm Presbyterian Retirement Community Inc?
King Farm Presbyterian Retirement Community Inc's revenue in 2022 was $38,652,344.
Official website here: www.ikfmd.org
Who are the executives of King Farm Presbyterian Retirement Community Inc and what are their salaries?
The average compensation at King Farm Presbyterian Retirement Community Inc during 2022 was $26,823. There are 414 employees and 12 volunteers at King Farm Presbyterian Retirement Community Inc.
Here are 25 key members and their salaries (King Farm Presbyterian Retirement Community Inc's CEO's salary is $0 and their total compensation is $560,048):
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- Other: $16,793
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- Other: $14,270
- Compensation: $121,353
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- Compensation: $135,507
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- Other: $15,995
- Compensation: $121,566
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- Other: $23,526
- Compensation: $108,609
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- Other: $8,698
- Compensation: $110,356
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- Other: $4,372
Official website here: www.ikfmd.org
Where can I find the form 990 for King Farm Presbyterian Retirement Community Inc?
King Farm Presbyterian Retirement Community Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ikfmd.org
Learn more at the official website: www.ikfmd.org
Mission Statement of King Farm Presbyterian Retirement Community Inc
King Farm Presbyterian Retirement Community Inc is a faith-based organization dedicated to providing quality continuing care services for older adults. With a mission to excel in creating distinctive and sustainable residential settings, this community allows active seniors to live in vibrant, caring, and spiritually rich communities. The organization is committed to offering continuing wellness and healthcare services for its residents.
Residents of King Farm Presbyterian Retirement Community Inc have access to a range of care levels, including independent living, assisted living, memory support assisted living, and skilled nursing. Each living arrangement is licensed and regulated by the state, ensuring the highest standards of care. The community goes beyond basic care by offering daily life-enrichment programming, focusing on the seven dimensions of wellness.
Physical well-being is emphasized through regular exercise programs, swimming instruction, and access to a personal trainer. Nutritional services are available to consult with residents on their individual diets. The organization's dedication to intellectual wellness includes opportunities to engage in current events, listen to speakers, and participate in community committees. For those experiencing memory loss, specialized activities are designed to stimulate the mind. Emotional wellness is fostered by involving residents in decision-making processes, celebrating milestones, and offering a wide variety of activities.
The social environment at King Farm Presbyterian Retirement Community Inc is a significant factor contributing to the longer lifespan of its residents. People dine and attend events together, fostering relationships and community engagement. Morning mingles and outreach by the welcome committee help maintain vibrant resident engagement. The organization honors diverse spiritual beliefs, offering regular Protestant, Catholic, and Jewish services, as well as a spiritual life committee. In 2020, a second chaplain was hired to further enhance the spiritual life of the community. Through its life enrichment programs, residents find deeper purpose and meaning in their lives. King Farm Presbyterian Retirement Community Inc offers a wide range of activities, awakening the spiritual side of residents. The organization is also a leader in energy and environmental design, being a certified green building, and encourages recycling practices.
King Farm Presbyterian Retirement Community Inc's commitment to the health and well-being of its residents extends beyond basic care, as it provides 24-hour emergency support and healthcare services. The organization's weekly resident review committee discusses and evaluates the best setting for each resident needing a change in services. A wellness center is staffed with an on-site nurse, physician, and nurse practitioner, providing regular health education to residents. Additionally, the community partners with a rehabilitation company to offer outpatient services to residents in need of physical, occupational, and speech therapies.
The residents of King Farm Presbyterian Retirement Community Inc benefit from all the services and opportunities provided, allowing them to enjoy a carefree lifestyle inspired by their own choices. The organization extends charity care and other support to eligible residents unable to pay for services, ensuring access to care regardless of financial circumstances.
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Impact
October, 2024
King Farm Presbyterian Retirement Community Inc significantly enhances the quality of life for older adults by providing a comprehensive range of care services tailored to their diverse needs. Located in Rockville, Maryland, this community offers four distinct levels of care: independent living, assisted living, memory support assisted living, and skilled nursing, all of which promote a nurturing and supportive environment.
The community emphasizes a holistic approach to wellness through its extensive life enrichment programming. With over 4,000 programs held annually, residents engage in activities that support the seven dimensions of wellness—physical, intellectual, emotional, social, spiritual, environmental, and healthcare. The focus on physical well-being includes regular exercise opportunities, nutrition consultation, and access to wellness facilities like an indoor pool.
Social connections are fostered through communal dining and shared activities, creating a vibrant environment where residents build relationships and combat loneliness. The integration of spiritual support through various religious services and a dedicated chaplaincy further nurtures residents' emotional and spiritual well-being.
Residency at King Farm also ensures comprehensive healthcare access, with 24-hour emergency support and on-site medical services. Residents have the flexibility to transition between different care levels as their needs evolve, ensuring continuity of care and comfort.
Environmental stewardship is another hallmark of King Farm, as the community operates within a LEED-certified building that supports recycling and sustainability efforts, providing residents with a serene living environment.
Overall, King Farm Presbyterian Retirement Community Inc plays a vital role in promoting the well-being and dignity of seniors, allowing them to live fulfilling lives enriched with care, companionship, and community.
This information is meant to be a general summary of King Farm Presbyterian 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: $83,151
- Program Service Revenue: $37,291,075
- Gross Receipts: $40,934,248
Assets and Liabilities:
- Total Assets: $296,448,049
- Total Liabilities: $395,424,893
- Net Assets: -$98,976,844
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT REVENUE
Revenue
$37,291,075
Organization Details
Founding Year
2004
Phone
(240) 499-9015Principal Officer
Lynn O'Connor
Main Address
2275 RESEARCH BLVD STE 450, ROCKVILLE, MD, 20850
Website
www.ikfmd.orgNTEE Category
Code: L22 - Housing
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