Overview
What is Enhanced Living Inc?
Enhanced Living Inc, operating under the DBA name Margaret Pratt Community, is a nonprofit organization situated in Bradford, Vermont. Their primary mission involves constructing and operating an assisted living facility, specifically a 35,000 square foot community. This facility aims to provide housing for up to 50 senior residents who require assistance due to progressive memory-related diseases. With a workforce of 91 individuals, Enhanced Living Inc is dedicated to offering care and support to this vulnerable population, enhancing their quality of life during challenging times.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Enhanced Living Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization benefits from a strong governance structure, with a fully independent board and comprehensive financial oversight mechanisms in place. These elements contribute positively to its overall score, indicating a commitment to transparency and responsible management of resources.
The nonprofit's program expense ratio is commendable at 88.37%, demonstrating a significant portion of funds directed toward its programs and services, which is a positive sign for donors. However, the organization faces a challenge with its liabilities to assets ratio, which stands at 104.80%. This indicates that the liabilities exceed assets, suggesting potential financial strain that could impact long-term sustainability.
Overall, Enhanced Living Inc exhibits strengths in governance and program funding, positioning itself as a responsible nonprofit. Nonetheless, prospective donors should consider the financial health indicated by the liabilities and seek further information regarding its strategic plans to manage these concerns.
This AI summary has been generated from information found on Charity Navigator.
Is Enhanced Living Inc legitimate?
Enhanced Living Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Enhanced 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: $123,706
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,449,551
For more financial information, click here
What is the mission statement of Enhanced Living Inc?
Enhanced Living Inc's mission is centered around constructing and operating an assisted living community. This facility, spanning 35,000 square feet, is designed to accommodate up to 50 seniors who require assistance due to their age. The primary objective of Enhanced Living Inc is to provide these residents with appropriate housing services. The organization is committed to creating an environment that caters to seniors suffering from progressive memory-related diseases, ensuring they receive the care they need.
What is the revenue of Enhanced Living Inc?
Enhanced Living Inc's revenue in 2023 was $3,410,041.
Who are the executives of Enhanced Living Inc and what are their salaries?
The average compensation at Enhanced Living Inc during 2023 was $15,127. There are 104 employees at Enhanced Living Inc.
Here are 13 key members and their salaries:
- Compensation: $93,054
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- Other: $0
- Compensation: $30,652
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- Other: $0
Where can I find the form 990 for Enhanced Living Inc?
Enhanced Living Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Enhanced Living Inc
Enhanced Living Inc, a nonprofit organization, is dedicated to constructing and operating an assisted living community. This community is designed to provide housing for up to 50 senior residents who require additional services. The primary focus of Enhanced Living Inc is to cater to seniors who are dealing with progressive memory-related diseases. By establishing and managing this 35,000 square foot facility, the organization aims to create a safe and supportive environment for these individuals, ensuring they receive the care they need.
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Impact
October, 2024
Enhanced Living Inc significantly impacts the community by constructing and operating a 35,000 square foot assisted living facility in Bradford, Vermont. This facility is designed to provide a safe and supportive environment for up to 50 seniors suffering from progressive memory-related diseases. By addressing the unique needs of these residents, Enhanced Living Inc promotes dignity, comfort, and quality of life for individuals who may otherwise struggle to find suitable housing and care.
The organization not only creates a physical space for assisted living but also fosters a community where residents receive essential services tailored to their conditions. This initiative enhances the well-being of residents and offers peace of mind to their families, knowing that their loved ones are cared for in a compassionate and understanding setting. In doing so, Enhanced Living Inc plays a crucial role in enriching the lives of seniors and their families in the Bradford area and beyond.
This information is meant to be a general summary of Enhanced 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 2023.
- Investment Income: $799
- Program Service Revenue: $3,368,084
- Gross Receipts: $3,410,041
Assets and Liabilities:
- Total Assets: $9,700,583
- Total Liabilities: $10,167,136
- Net Assets: -$466,553
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AL REVENUE
Revenue
$2,091,092
ML REVENUE
Revenue
$1,276,992
Organization Details
Principal Officer
Rebecca Stearns Hassan
NTEE Category
Code: P70 - Human services
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