Overview
What is Waverly Heights Ltd?
Waverly Heights Ltd is a nonprofit organization in Gladwyne, Pennsylvania, dedicated to enhancing the lives of seniors by providing them with comprehensive services that cater to their physical, emotional, recreational, social, spiritual, and health needs. The community consists of 219 independent living units, a 31-room skilled nursing facility, and a 68-room personal care facility, including 22 memory support rooms. With a mission to offer seniors an exceptional lifestyle in a compassionate and respectful community, Waverly Heights Ltd employs a team of 403 individuals to ensure the delivery of these essential services.
Official website here: www.waverlyheightsltd.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 1 Star (56%)
Waverly Heights Ltd has received a 1-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial health. The organization excels in certain governance aspects, such as maintaining a fully independent board and having robust policies for conflict of interest, whistleblowing, and document retention. However, its overall financial transparency and management have raised red flags.
The financial statements reveal some troubling metrics, particularly a liabilities to assets ratio of 105.69%, which suggests the organization may be over-leveraged and at risk of financial instability. Additionally, the program expense ratio of 48.63% points to a low percentage of expenses being directed towards programs, raising questions about its operational effectiveness and impact.
While Waverly Heights Ltd demonstrates strong board independence and governance practices, the financial challenges highlighted could hinder its ability to fulfill its mission effectively. Prospective donors and stakeholders may want to consider these issues when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Waverly Heights Ltd legitimate?
Waverly Heights Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waverly Heights Ltd 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: $2,623,520
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,606,529
For more financial information, click here
Official website here: www.waverlyheightsltd.org
What is the mission statement of Waverly Heights Ltd?
Waverly Heights Ltd is a not-for-profit corporation dedicated to enhancing the lives of seniors within a compassionate and respectful community. Their mission is to provide seniors with an exceptional lifestyle, addressing their physical, emotional, recreational, social, spiritual, and health needs. They offer a range of services through the operation of 219 independent living units, a 31-room skilled nursing facility, and a 68-room personal care facility. Among the personal care rooms, 22 are specifically designed for memory support. Waverly Heights focuses on enhancing the quality of life for its residents, ensuring they receive the care and attention they need to thrive.
Official website here: www.waverlyheightsltd.org
Who is the CEO of Waverly Heights Ltd?
Thomas P Garvin is the President & Ceo of Waverly Heights Ltd. The CEO's salary of Waverly Heights Ltd is $623,629 and their total compensation is $655,144.
Official website here: www.waverlyheightsltd.org
What is the revenue of Waverly Heights Ltd?
Waverly Heights Ltd's revenue in 2022 was $38,213,584.
Official website here: www.waverlyheightsltd.org
Who are the executives of Waverly Heights Ltd and what are their salaries?
The average compensation at Waverly Heights Ltd during 2022 was $35,310. There are 403 employees and 25 volunteers at Waverly Heights Ltd.
Here are 36 key members and their salaries (Waverly Heights Ltd's CEO's salary is $623,629 and their total compensation is $655,144):
- Compensation: $623,629
- Related: $0
- Other: $31,515
- Compensation: $351,323
- Related: $0
- Other: $25,242
- Compensation: $274,837
- Related: $0
- Other: $30,664
- Compensation: $261,500
- Related: $0
- Other: $24,895
- Compensation: $203,461
- Related: $0
- Other: $14,691
- Compensation: $182,905
- Related: $0
- Other: $27,249
- Compensation: $181,028
- Related: $0
- Other: $11,913
- Compensation: $168,232
- Related: $0
- Other: $28,845
- Compensation: $152,517
- Related: $0
- Other: $29,074
- Compensation: $146,387
- Related: $0
- Other: $21,831
- Compensation: $139,893
- Related: $0
- Other: $11,679
- Compensation: $125,573
- Related: $0
- Other: $24,807
- Compensation: $107,668
- Related: $0
- Other: $30,395
- Compensation: $114,741
- Related: $0
- Other: $10,431
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.waverlyheightsltd.org
Where can I find the form 990 for Waverly Heights Ltd?
Waverly Heights Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.waverlyheightsltd.org
Learn more at the official website: www.waverlyheightsltd.org
Mission Statement of Waverly Heights Ltd
Waverly Heights Ltd, a not-for-profit corporation, is dedicated to enriching the lives of seniors by offering them an exceptional lifestyle within a compassionate and respectful community. In pursuit of this mission, Waverly Heights provides a wide range of services tailored to addressing the physical, emotional, recreational, social, spiritual, and health needs of its residents.
Through the operation of 219 independent living units, Waverly Heights enables seniors to maintain their independence while enjoying the benefits of a supportive community. In instances where additional assistance is required, the organization offers a 31-private-room skilled nursing facility and a 68-private-room personal care facility. Among these personal care rooms, 22 are specially designed as memory support rooms to cater to seniors with memory-related conditions.
Waverly Heights is committed to providing its residents with a high standard of care and quality services. By fostering a compassionate and respectful environment, the organization nurtures a sense of belonging and ensures that every senior feels valued and cared for. This commitment extends beyond the basic needs of its residents, as Waverly Heights strives to create an engaging and fulfilling lifestyle that enriches their overall wellbeing.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Waverly Heights Ltd plays a vital role in enhancing the quality of life for seniors by offering a holistic range of services tailored to meet their diverse needs. Located in Gladwyne, PA, this life plan community provides an exceptional lifestyle within a compassionate and respectful environment.
The organization operates 219 independent living units, a 31-room skilled nursing facility, and a 68-room personal care facility, which includes 22 private memory support rooms specifically designed for residents experiencing memory challenges. This comprehensive offering ensures that seniors not only receive medical attention and personal care but also have opportunities for emotional support, social interaction, recreational activities, and spiritual fulfillment.
By fostering a community that prioritizes physical, emotional, and social well-being, Waverly Heights Ltd significantly impacts the lives of its residents, creating an enriching and supportive atmosphere that promotes dignity and respect for all seniors.
This information is meant to be a general summary of Waverly Heights Ltd. 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: $4,263,716
- Program Service Revenue: $31,914,561
- Gross Receipts: $42,771,189
Assets and Liabilities:
- Total Assets: $165,224,708
- Total Liabilities: $187,749,967
- Net Assets: -$22,525,259
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT CARE FEES
Revenue
$18,581,405
SKILLED NURSING FACILITY
Revenue
$4,447,459
PERSONAL CARE
Revenue
$3,557,340
MEMORY SERVICES
Revenue
$1,863,014
AMORTIZATION OF DEFERRED REVENUE
Revenue
$1,771,642
Organization Details
Founding Year
1982
Phone
(610) 645-8600Principal Officer
Thomas P Garvin
Main Address
1400 WAVERLY ROAD, GLADWYNE, PA, 190351254
Website
www.waverlyheightsltd.orgNTEE Category
Code: P750 - Human services
If you are a representative of Waverly Heights Ltd and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.