Overview
What is Fairmount Homes?
Fairmount Homes is a nonprofit ministry based in Ephrata, Pennsylvania, with a workforce of 405 employees. They offer housing and comprehensive care services for the elderly through the operation of a Continuing Care Retirement Community. In 2021, they provided 150,155 resident days for skilled nursing care, personal care, and independent living. Fairmount Homes is dedicated to promoting wholeness and creative living for mature adults, upholding Christ-centered Mennonite values. Their services encompass high-quality care, ensuring a holistic approach to senior living.
Official website here: www.fairmounthomes.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 91%, Four-Star out of Four Star rating.
Fairmount Homes has received a Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance with a score of 91%. This rating is solely based on the organization's accountability metrics, highlighting their effective governance and financial practices. The charity boasts a fully independent board, ensuring that decisions are made without conflicts of interest, and has established comprehensive policies for oversight and document management.
The organization has demonstrated excellent financial health with no material diversion of assets, a solid audit and oversight system, and a high program expense ratio of 82.02%, indicating that a significant portion of their funds directly supports their programs. These strengths suggest that Fairmount Homes effectively utilizes its resources to achieve its mission and maintain transparency with stakeholders.
While the overall score is commendable, the liabilities to assets ratio of 56.27% may suggest some level of financial risk that could be monitored. However, the organization appears to have a robust framework in place to manage these liabilities responsibly. Overall, Fairmount Homes stands out as a well-managed nonprofit with a strong focus on accountability and program effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Fairmount Homes legitimate?
Fairmount Homes is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairmount Homes 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: $998,266
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,665,334
For more financial information, click here
Official website here: www.fairmounthomes.org
What is the mission statement of Fairmount Homes?
Fairmount Homes is a ministry dedicated to serving mature adults by providing top-notch services, fostering holistic well-being, and encouraging creative living in alignment with Christ-centered Mennonite values. Through the operation of a continuing care retirement community, the organization offers accommodations, healthcare, and associated services to the elderly population. In 2020, Fairmount Homes offered 34,492 resident days for skilled nursing care, 23,022 resident days for personal care, and 82,623 resident days for residential/independent living.
Official website here: www.fairmounthomes.org
Who is the CEO of Fairmount Homes?
Jerry Lile is the Ceo of Fairmount Homes. The CEO's salary of Fairmount Homes is $294,532 and their total compensation is $323,650.
Official website here: www.fairmounthomes.org
What is the revenue of Fairmount Homes?
Fairmount Homes's revenue in 2023 was $23,178,945.
Official website here: www.fairmounthomes.org
Who are the executives of Fairmount Homes and what are their salaries?
The average compensation at Fairmount Homes during 2023 was $31,268. There are 405 employees and 200 volunteers at Fairmount Homes.
Here are 19 key members and their salaries (Fairmount Homes's CEO's salary is $294,532 and their total compensation is $323,650):
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- Compensation: $294,532
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- Other: $29,118
- Compensation: $153,704
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- Other: $43,881
- Compensation: $156,555
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- Other: $35,398
- Compensation: $156,476
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- Other: $43,586
- Compensation: $113,455
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- Other: $17,616
- Compensation: $124,013
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- Other: $25,909
- Compensation: $114,852
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- Other: $14,709
- Compensation: $108,256
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- Other: $11,476
- Compensation: $101,790
- Related: $0
- Other: $19,629
Official website here: www.fairmounthomes.org
Where can I find the form 990 for Fairmount Homes?
Fairmount Homes's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fairmounthomes.org
Learn more at the official website: www.fairmounthomes.org
Mission Statement of Fairmount Homes
Fairmount Homes, a ministry dedicated to mature adults, offers high-quality services and fosters wholeness and creative living in harmony with Christ-centered Mennonite values. This organization is committed to providing housing, healthcare, and related services to the elderly community. In the previous year, Fairmount Homes provided 34,492 resident days for skilled nursing care, 23,022 resident days for personal care, and an impressive 82,623 resident days for residential and independent living. These figures underscore the extensive scope and impact of the services this ministry offers. By prioritizing the well-being of senior citizens, Fairmount Homes creates an environment that promotes dignity, independence, and holistic care. The ministry's unwavering dedication to serving the elderly community ensures they receive the care and support they deserve, allowing them to live their later years with comfort and fulfillment.
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Impact
October, 2024
Fairmount Homes significantly enhances the quality of life for mature adults by providing a comprehensive range of services that promote wholeness and creative living. Located in Ephrata, PA, the organization operates a continuing care retirement community that delivers high-quality housing, health care, and related support services tailored to the needs of the elderly.
In the past year, Fairmount Homes delivered substantial care, including over 34,000 resident days of skilled nursing care and more than 23,000 resident days of personal care, ensuring that seniors receive the attention and support they require. Furthermore, with a focus on independent living, Fairmount Homes reported over 82,000 resident days in residential settings.
Through its Christ-centered Mennonite values, Fairmount Homes fosters a nurturing environment that encourages residents to thrive in their later years. This holistic approach not only addresses physical health needs but also emphasizes emotional and spiritual well-being, making a profound impact on the lives of the individuals it serves and their families.
This information is meant to be a general summary of Fairmount Homes. 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: $209,214
- Program Service Revenue: $21,474,483
- Gross Receipts: $24,943,560
Assets and Liabilities:
- Total Assets: $49,796,774
- Total Liabilities: $28,022,471
- Net Assets: $21,774,303
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RESIDENT SERVICE REVENUES
Revenue
$21,535,606
NURSING FACILITY ASSESSMENT
Revenue
-$61,123
Organization Details
Founding Year
1967
Phone
(717) 354-1800Principal Officer
Jerry Lile
Main Address
333 WHEAT RIDGE DRIVE, EPHRATA, PA, 175228558
Website
www.fairmounthomes.orgNTEE Category
Code: E91Z - Health
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