Overview
What is Lasell Village Inc?
Lasell Village Inc is a vibrant continuing care retirement community, situated on the campus of Lasell University in Newton, Massachusetts. This nonprofit organization is home to approximately 265 residents and offers a unique blend of independent living, supported living, and skilled nursing facilities. With a requirement for residents to participate in 450 hours of learning and engagement each year, Lasell Village upholds a philosophy that learning is a way of life. The community integrates housing, healthcare, higher education, and hospitality on a multigenerational campus. Lasell Village, sponsored by Lasell University, provides an array of lifestyle and healthcare services, encompassing lifelong learning, retirement living, support services, short-term rehabilitation, and long-term care. The organization employs 224 individuals.
Official website here: www.lasellvillage.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Lasell Village Inc has received a Three-Star rating from Charity Navigator, indicating a generally positive assessment of its accountability and finance practices. The rating is based solely on the organization’s accountability and finance score, which reflects strong governance and transparency. The majority of board members are independent, and the organization has comprehensive policies regarding audits, conflicts of interest, and whistleblowing.
The nonprofit excels in several areas, including a high program expense ratio of 84.69%, suggesting that a significant portion of its resources is directed toward its mission-driven programs. Additionally, it has a robust audit and oversight committee in place to ensure financial integrity. The presence of policies for document retention and meeting minutes further supports its commitment to transparency and good governance.
However, one notable limitation is the high liabilities to assets ratio at 133.63%, which could indicate potential financial instability. While the organization demonstrates strong accountability practices, stakeholders may want to closely monitor this aspect as it could affect future sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Lasell Village Inc legitimate?
Lasell Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lasell Village 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: $276,910
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,029,234
For more financial information, click here
Official website here: www.lasellvillage.com
What is the mission statement of Lasell Village Inc?
Lasell Village Inc is a retirement community that provides living options for independent, supported, and skilled nursing residents. Sponsored by Lasell University, it offers a unique educational experience integrated with quality services and care. The community is home to approximately 265 residents and comprises independent living apartments, supported living studios, and a skilled nursing facility. Residents are encouraged to engage in learning and new experiences, with a requirement of 450 hours annually. Lasell Village combines housing, healthcare, higher education, and hospitality, creating a vibrant community that fosters lifelong learning, support services, and long-term care.
Official website here: www.lasellvillage.com
What is the revenue of Lasell Village Inc?
Lasell Village Inc's revenue in 2023 was $24,928,774.
Official website here: www.lasellvillage.com
Who are the executives of Lasell Village Inc and what are their salaries?
The average compensation at Lasell Village Inc during 2023 was $33,765. There are 246 employees and 20 volunteers at Lasell Village Inc.
Here are 25 key members and their salaries:
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- Other: $10,857
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- Other: $36,260
- Compensation: $164,838
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- Other: $18,025
Official website here: www.lasellvillage.com
Where can I find the form 990 for Lasell Village Inc?
Lasell Village Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lasellvillage.com
Learn more at the official website: www.lasellvillage.com
Mission Statement of Lasell Village Inc
Lasell Village, a continuing care retirement community, is home to around 265 residents in independent living apartments and supported studios. Sponsored by Lasell University, this vibrant community in Massachusetts integrates education, retirement living, support services, short-term rehabilitation, and long-term care.
Lasell Village's unique philosophy is rooted in education, believing that learning is a way of life. Residents are encouraged to engage in new experiences and pursue interests that enrich their lives. As part of this commitment, residents are required to participate in 450 hours of learning and engagement every year.
Lasell Village offers a range of lifestyle and healthcare services, combining the elements of lifelong learning, support services, and long-term care. It is a premier life plan community, where seniors enjoy an active and enriching lifestyle. The community's educational experience is integrated seamlessly into daily life, offering residents opportunities to grow and learn while living in a supportive and caring environment. With a focus on quality services and care, Lasell Village creates a vibrant atmosphere for its residents, fostering a sense of community and togetherness.
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Impact
October, 2024
Lasell Village Inc creates a significant impact through its unique model of a continuing care retirement community that emphasizes lifelong learning and resident engagement. Situated on the campus of Lasell University in Newton, Massachusetts, it not only provides residents with independent living, supported living, and skilled nursing care but also fosters an environment where education is at the forefront of daily life.
With approximately 265 residents, the Village encourages participation in 450 hours of learning and engagement each year, weaving education into the fabric of community living. This approach enriches the lives of residents, allowing them to pursue new interests, engage in stimulating experiences, and remain active participants in their own lives and the wider community.
Lasell Village's integration of housing, healthcare, and education on a multigenerational campus offers residents a holistic lifestyle, where support services and long-term care are readily accessible. The community's vibrant atmosphere not only enhances the quality of life for its residents but also contributes to a culture of continuous personal development and engagement, making Lasell Village a standout model in the landscape of retirement living.
This information is meant to be a general summary of Lasell Village 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: $2,110,091
- Program Service Revenue: $22,559,906
- Gross Receipts: $25,033,315
Assets and Liabilities:
- Total Assets: $98,447,596
- Total Liabilities: $132,844,947
- Net Assets: -$34,397,351
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL FEES
Revenue
$14,805,978
SKILLED NURSING
Revenue
$5,248,359
EARNED ENTRANCE FEE
Revenue
$1,488,066
SUPPORTED LIVING UNIT FEES
Revenue
$1,017,503
Organization Details
Founding Year
1990
Phone
(617) 663-7000Principal Officer
Michael B Alexander
Main Address
120 SEMINARY AVE, AUBURNDALE, MA, 02466
Website
www.lasellvillage.comNTEE Category
Code: L22Z - Housing
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