Overview
What is Cortland Acres Association Inc?
Cortland Acres Association Inc is a non-profit corporation in Thomas, West Virginia, providing quality professional services and facilities to enhance the physical, medical, psychological, and spiritual well-being of individuals within their community and beyond. Their offerings include a 94-bed skilled nursing facility, a 24-unit apartment complex, and nine independent living homes, totaling 23 units. The nursing home had 26,789 patient days in 2022, with about 78% of those served utilizing the Medicaid program. Cortland Acres incurred $76,926 in charity care during the same year. They house the elderly and disabled in the apartment complex, with subsidized rents enabled by Housing and Urban Development. Their mission is to promote the dignity and worth of every person, regardless of their condition, and they had an 80% and 78% occupancy rate in 2021 and 2022, respectively. The Association assists people in aging in healthy, affordable, and meaningful ways.
Official website here: www.cortlandacres.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Cortland Acres Association Inc has received an impressive Four-Star rating from Charity Navigator, with a score of 96%. This high rating reflects the organization's strong commitment to accountability and financial management, demonstrating effectiveness in utilizing its resources for its mission. The charity has a fully independent board, meeting best practices for governance, which strengthens its operational integrity.
The organization's financial health is commendable, showcasing a low liabilities-to-assets ratio of 44.15% and an outstanding program expense ratio of 88.12%. These metrics indicate that the majority of its funding is directed toward its programs, ensuring maximum impact for its beneficiaries. The charity has also implemented important policies, such as conflict of interest and whistleblower protections, which enhance transparency and trust.
While the data shows significant strengths, the summary does not address any specific areas for improvement or limitations. Overall, Cortland Acres Association Inc stands out as a well-managed nonprofit, prioritizing accountability and program effectiveness in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Cortland Acres Association Inc legitimate?
Cortland Acres Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cortland Acres Association 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: $558,984
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,278,289
For more financial information, click here
Official website here: www.cortlandacres.org
What is the mission statement of Cortland Acres Association Inc?
The Cortland Acres Association Inc is a non-profit organization dedicated to enhancing the overall well-being of individuals within the community and surrounding areas. Through providing and developing quality professional services and facilities, they aim to improve physical, medical, psychological, and spiritual wellness. The association is committed to upholding the inherent worth and dignity of each person, regardless of their condition in life, who seeks their services. Cortland Acres Association Inc's mission is to help people age in healthy, affordable, and meaningful ways. They are unwavering in their belief that every person deserves respect and care.
Official website here: www.cortlandacres.org
Who is the CEO of Cortland Acres Association Inc?
Beth A Clevenger is the Treasurer of Cortland Acres Association Inc.
Official website here: www.cortlandacres.org
What is the revenue of Cortland Acres Association Inc?
Cortland Acres Association Inc's revenue in 2022 was $12,037,228.
Official website here: www.cortlandacres.org
Who are the executives of Cortland Acres Association Inc and what are their salaries?
The average compensation at Cortland Acres Association Inc during 2022 was $33,132. There are 146 employees and 89 volunteers at Cortland Acres Association Inc.
Here are 14 key members and their salaries:
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- Compensation: $107,873
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- Compensation: $108,062
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- Compensation: $107,148
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- Other: $5,671
- Compensation: $103,835
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- Other: $15,581
Official website here: www.cortlandacres.org
Where can I find the form 990 for Cortland Acres Association Inc?
Cortland Acres Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cortlandacres.org
Learn more at the official website: www.cortlandacres.org
Mission Statement of Cortland Acres Association Inc
Cortland Acres Association, a non-profit corporation, is dedicated to enhancing the physical, medical, psychological, and spiritual well-being of individuals within the community and surrounding areas. With a commitment to integrity and the worth of every person, regardless of their condition in life, the Association offers professional services and facilities to help people age in healthy, affordable, and meaningful ways. Cortland Acres' mission is to provide quality resources that support the holistic needs of its clients, promoting their overall well-being and improving their living experience. The Association's unwavering belief in the value of each individual drives its efforts to deliver essential services that foster personal growth and foster a sense of belonging. By focusing on the unique needs of each person, Cortland Acres Association aims to create an inclusive environment where everyone can thrive and lead fulfilling lives.
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Impact
October, 2024
Cortland Acres Association Inc plays a pivotal role in enhancing the quality of life for seniors and individuals with disabilities in the Thomas, WV community. With a 94-bed skilled nursing facility, a 24-unit apartment complex, and nine independent living homes, Cortland Acres provides essential healthcare and living solutions tailored to meet the needs of its residents.
In 2022, the skilled nursing facility recorded an impressive 26,789 patient days, serving a population where approximately 78% receive Medicaid assistance. This ensures that even those with limited financial resources can access necessary medical services. Additionally, Cortland incurred $76,926 in charity care during the same year, further emphasizing its commitment to supporting vulnerable populations.
The occupancy rates of the nursing home, which stood at 78% in 2022 and 80% in 2021, reflect a steady demand for its services. The apartment complex, designed specifically for the elderly and handicapped, offers subsidized rents through the Housing and Urban Development program, enabling low-income residents to find secure and affordable housing.
By prioritizing the physical, medical, psychological, and spiritual well-being of those it serves, Cortland Acres fosters a nurturing environment that promotes dignity and respect for every individual, regardless of their life circumstances. In doing so, it not only meets immediate care needs but also contributes to the overall health and resilience of the community.
This information is meant to be a general summary of Cortland Acres Association 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 2022.
- Investment Income: $53,359
- Program Service Revenue: $11,420,894
- Gross Receipts: $12,037,228
Assets and Liabilities:
- Total Assets: $15,299,222
- Total Liabilities: $6,541,723
- Net Assets: $8,757,499
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SKILLED NURSING SERVICES
Revenue
$10,977,432
RENTAL FOR ELDERLY
Revenue
$432,230
REBATES & MISCELLANEOUS
Revenue
$11,232
Organization Details
Founding Year
1978
Phone
(304) 463-4181Principal Officer
Beth A Clevenger
Main Address
39 CORTLAND ACRES LANE, THOMAS, WV, 262928018
Website
www.cortlandacres.orgNTEE Category
Code: P750 - Human services
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