Overview
What is Legacy Village Green House Corp?
Legacy Village Green House Corp is a nonprofit organization located in Bentonville, Arkansas, specifically at 808 North Main NO 1, ZIP code 72712. Their primary focus is to establish, maintain, and manage various facilities for older adults, including nursing homes, retirement centers, continuing care living facilities, health care facilities, and other homes or communities designed for seniors. The corporation is dedicated to creating a retirement community that offers a nurturing environment, ensuring quality care for its senior residents. With a staff of 92 individuals, Legacy Village Green House Corp is committed to providing an exceptional living experience for its elderly population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Stars)
Legacy Village Green House Corp has received a Two-Star rating from Charity Navigator, indicating some challenges in its overall financial health despite strong accountability in governance. The organization demonstrates solid adherence to independence with a fully independent board and effective financial statement audits, reflecting a commitment to transparency.
One of the notable strengths of this nonprofit is its high program expense ratio of 89.22%, signifying that a significant portion of its expenses is directed towards its programs rather than administrative costs. However, the organization faces issues with its liabilities to assets ratio, which is notably high at 162.85%. This suggests potential financial instability, raising concerns about the organization's long-term sustainability.
In summary, while Legacy Village Green House Corp exhibits strong governance practices and a commitment to programmatic spending, its financial ratios indicate a need for improvement. Stakeholders should consider these factors when assessing the organization's effectiveness and potential for future growth.
This AI summary has been generated from information found on Charity Navigator.
Is Legacy Village Green House Corp legitimate?
Legacy Village Green House Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Legacy Village Green House Corp 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: $723,875
For more financial information, click here
What is the mission statement of Legacy Village Green House Corp?
Legacy Village Green House Corp is dedicated to establishing and managing a retirement community that offers a nurturing environment for seniors. Their mission is centered around providing quality care for the elderly, ensuring that their retirement years are spent in a supportive and enriching setting. The corporation is committed to maintaining the well-being and comfort of elderly residents, offering various facilities such as nursing homes, retirement centers, and continuing care living facilities. Their goal is to create a community where seniors can age gracefully, surrounded by care and companionship.
Who is the CEO of Legacy Village Green House Corp?
Casey Kleinhenz is the Chair of Legacy Village Green House Corp.
What is the revenue of Legacy Village Green House Corp?
Legacy Village Green House Corp's revenue in 2020 was $2,043,514.
Who are the executives of Legacy Village Green House Corp and what are their salaries?
The average compensation at Legacy Village Green House Corp during 2020 was $7,868. There are 92 employees and 120 volunteers at Legacy Village Green House Corp.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Legacy Village Green House Corp?
Legacy Village Green House Corp's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Legacy Village Green House Corp
Legacy Village Green House Corp is dedicated to establishing and managing a retirement community that prioritizes the well-being of its senior residents. The organization is committed to providing a nurturing environment that caters to the needs of older adults, ensuring a high quality of life. This retirement community encompasses nursing homes, continuing care living facilities, health care facilities, and other residential spaces specifically designed for seniors. The mission of Legacy Village Green House Corp is to create an atmosphere where seniors can thrive and enjoy their golden years with dignity and comfort.
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Impact
October, 2024
Legacy Village Green House Corp significantly enhances the quality of life for seniors by creating a nurturing and supportive retirement community. The organization focuses on establishing and managing nursing homes, retirement centers, and continuing care facilities, thereby ensuring older adults have access to safe and comfortable living environments tailored to their needs. Located in Bentonville, Arkansas, it fosters a sense of community among residents, promoting social interaction and engagement, which are vital for mental and emotional well-being. By maintaining high standards of care and providing necessary health services, Legacy Village Green House Corp plays a crucial role in enriching the lives of seniors, helping them to thrive as they age.
This information is meant to be a general summary of Legacy Village Green House Corp. 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 2020.
- Investment Income: $1,002
- Program Service Revenue: $2,032,512
- Gross Receipts: $2,043,514
Assets and Liabilities:
- Total Assets: $4,334,897
- Total Liabilities: $7,059,660
- Net Assets: -$2,724,763
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$1,158,054
NCB LOAN FORGIVENESS
Revenue
$503,040
MEDICAID REVENUE
Revenue
$370,217
OTHER INCOME
Revenue
$1,201
Organization Details
Founding Year
2006
Phone
(479) 636-3161Principal Officer
Casey Kleinhenz
Main Address
808 NORTH MAIN NO 1, BENTONVILLE, AR, 72712
NTEE Category
Code: L20 - Housing
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