Overview
What is New Heritage Towers?
New Heritage Towers is a non-profit organization that operates a continuing care retirement community in Warminster, Pennsylvania. The community, named Wesley Enhanced Living Doylestown, provides a range of services to cater to the evolving needs of senior residents. The organization consists of 210 independent living apartments, 66 personal care units, and a 60-bed skilled nursing facility. New Heritage Towers aims to promote health, welfare, and security for its residents and continually develops new programs to address their social, health, and personal needs. Their mission is to make a significant difference in the lives of their residents through excellence and innovation in aging services. The organization employs a team of 300 individuals dedicated to delivering a compelling difference in the lives of the elderly.
Official website here: www.wel.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating.
New Heritage Towers has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and transparency. The organization scored well in several areas, including financial oversight with full points for its audit and oversight committee and the absence of material diversion of assets. However, the lack of independent board members raises concerns about governance and accountability.
The organization maintains a relatively high program expense ratio at 74.30%, indicating a strong commitment to its programs and services. Additionally, it has established essential policies such as conflict of interest and whistleblower protections, which are positive signs of governance practices. However, the absence of independent board members and the missing tax form on its website are significant drawbacks that can affect overall trust and perception.
Overall, while New Heritage Towers demonstrates strengths in financial management and commitment to its mission, the lack of independent oversight and transparency measures could hinder its effectiveness and credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is New Heritage Towers legitimate?
New Heritage Towers is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Heritage Towers 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: $185,222
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,879,199
For more financial information, click here
Official website here: www.wel.org
What is the mission statement of New Heritage Towers?
New Heritage Towers is dedicated to enhancing the lives of its residents by delivering excellence and innovation in aging services. This non-profit organization manages a continuing care retirement community, comprised of independent living, personal care, and a skilled nursing facility. With a capacity of 210 apartments, 66 personal care units, and a 60-bed skilled nursing facility, they provide comprehensive care to cater to the evolving social, health, and personal needs of seniors. Their mission is to promote overall well-being and security for the senior population, and to develop and implement new programs and services to address their changing requirements. In 2021, the community maintained high occupancy rates, with 93.63% for independent living, 89.07% for personal care, and 85.31% for nursing.
Official website here: www.wel.org
Who is the CEO of New Heritage Towers?
Jeff Petty is the President And Ceo of New Heritage Towers. The CEO's salary of New Heritage Towers is $0 and their total compensation is $1,187,580.
Official website here: www.wel.org
What is the revenue of New Heritage Towers?
New Heritage Towers's revenue in 2022 was $18,643,459.
Official website here: www.wel.org
Who are the executives of New Heritage Towers and what are their salaries?
The average compensation at New Heritage Towers during 2022 was $23,548. There are 300 employees and 7 volunteers at New Heritage Towers.
Here are 7 key members and their salaries (New Heritage Towers's CEO's salary is $0 and their total compensation is $1,187,580):
- Compensation: $0
- Related: $1,164,295
- Other: $23,285
- Compensation: $0
- Related: $168,397
- Other: $9,480
- Compensation: $172,288
- Related: $0
- Other: $12,934
- Compensation: $113,592
- Related: $0
- Other: $13,660
- Compensation: $127,322
- Related: $0
- Other: $11,127
- Compensation: $105,450
- Related: $0
- Other: $12,689
- Compensation: $211,503
- Related: $0
- Other: $13,871
Official website here: www.wel.org
Where can I find the form 990 for New Heritage Towers?
New Heritage Towers's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wel.org
Learn more at the official website: www.wel.org
Mission Statement of New Heritage Towers
New Heritage Towers, a renowned non-profit organization, is committed to making a significant difference in the lives of its senior residents. It accomplishes this by providing excellence and innovation in aging services. The organization runs a Continuing Care Retirement Community, featuring three levels of care: Independent Living, Personal Care, and a Skilled Nursing Facility. With a total capacity of 277 units, including 210 apartments, 66 personal care units, and a 60-bed skilled nursing facility, New Heritage Towers caters to the evolving social, health, and personal needs of its aging population. The community prioritizes promoting general health, welfare, and security for its residents, and is continually developing new programs and services to meet their ever-changing requirements. New Heritage Towers' Independent Living sector enjoyed an occupancy rate of 93.63% for the year, while Personal Care and Skilled Nursing Facilities had occupancy rates of 89.07% and 85.31% respectively.
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Impact
October, 2024
New Heritage Towers significantly enhances the quality of life for seniors by offering a comprehensive continuum of care in a supportive community. By providing independent living, personal care, and skilled nursing services, it addresses the diverse needs of its residents, ensuring they receive the right level of support as their health and personal requirements evolve.
The organization promotes general health, welfare, and security among its residents. With strong occupancy rates, including 93.63% for independent living and 89.07% for personal care, New Heritage Towers successfully attracts and retains residents, reflecting its commitment to excellence in aging services. The emphasis on innovation aids in the development of new programs tailored to meet the changing social and health needs of the community. This proactive approach not only nurtures the well-being of residents but also fosters a vibrant communal spirit, enhancing social interaction and participation among seniors.
Overall, New Heritage Towers plays a crucial role in improving the lives of older adults in Warminster, PA, ensuring they receive compassionate care in an environment designed to promote independence and dignity.
This information is meant to be a general summary of New Heritage Towers. 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: $678,183
- Program Service Revenue: $17,425,192
- Gross Receipts: $21,197,030
Assets and Liabilities:
- Total Assets: $53,550,692
- Total Liabilities: $36,987,272
- Net Assets: $16,563,420
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HEALTH CENTER
Revenue
$6,445,038
INDEPENDENT LIVING
Revenue
$5,745,567
ENTRY FEE AMORTIZATION
Revenue
$3,162,033
PERSONAL CARE
Revenue
$1,925,289
ASSESSMENT REVENUE
Revenue
$147,265
Organization Details
Founding Year
1984
Phone
(215) 354-0565Principal Officer
Jeff Petty
Main Address
626 JACKSONVILLE ROAD 200, WARMINSTER, PA, 18974
Website
www.wel.orgNTEE Category
Code: P75 - Human services
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