Overview
What is Bridgewater Village Inc?
Bridgewater Village Inc is a nonprofit organization that specializes in retirement housing. Situated within its premises, there are approximately 245 independent living units. This organization's mission encompasses not only providing comfortable living spaces but also ensuring the maintenance of these properties. Furthermore, Bridgewater Village Inc takes an active role in coordinating engaging activities for its residents, fostering an enriching community living experience.
What are the reviews and ratings of this charity?
**Charity Navigator Rating: Three Stars (79%)**
Bridgewater Village Inc has achieved a Three-Star out of Four Star rating from Charity Navigator, indicating a generally solid performance primarily in the area of Accountability & Finance. The organization demonstrates strengths such as a fully independent board and effective financial oversight measures, which contribute positively to its organizational integrity. However, it has received deductions for the lack of website information listed on its tax forms, which affects its overall score despite strong program spending.
The charity shows a commendable program expense ratio of nearly 83%, suggesting a significant portion of its funding is directed towards fulfilling its mission. While it appears to comply with conflict of interest and whistleblower policies, the lack of transparency regarding its key personnel salaries and missing financial documentation on its website remain notable weaknesses. These factors may affect potential donors' and stakeholders' trust in the organization.
Unfortunately, no user reviews were available from GreatNonprofits, limiting insights into personal experiences with the charity. Overall, while Bridgewater Village Inc showcases a sound financial management structure, potential donors should consider its transparency issues before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Bridgewater Village Inc legitimate?
Bridgewater Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridgewater 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,363,556
For more financial information, click here
What is the mission statement of Bridgewater Village Inc?
Bridgewater Village Inc, as a retirement housing provider, is dedicated to ensuring the comfort and well-being of its residents. With approximately 245 independent living units, the organization focuses on maintaining the property and coordinating various activities to enrich the lives of its senior residents. By providing a supportive environment, Bridgewater Village Inc aims to help its residents enjoy their retirement years to the fullest. The organization's mission includes managing the property and organizing activities, thereby creating a vibrant and engaging community for its senior residents.
Who is the CEO of Bridgewater Village Inc?
James Weaver is the Treasurer of Bridgewater Village Inc. The CEO's salary of Bridgewater Village Inc is $0 and their total compensation is $301,423.
What is the revenue of Bridgewater Village Inc?
Bridgewater Village Inc's revenue in 2022 was $10,590,363.
Who are the executives of Bridgewater Village Inc and what are their salaries?
The average compensation at Bridgewater Village Inc during 2022 was $33,257. There are 41 employees at Bridgewater Village Inc.
Here are 16 key members and their salaries (Bridgewater Village Inc's CEO's salary is $0 and their total compensation is $301,423):
- Compensation: $0
- Related: $273,539
- Other: $27,884
- Compensation: $0
- Related: $171,947
- Other: $19,402
- Compensation: $95,780
- Related: $0
- Other: $16,415
- Compensation: $0
- Related: $66,819
- Other: $10,238
- 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
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- 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
Where can I find the form 990 for Bridgewater Village Inc?
Bridgewater Village Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bridgewater Village Inc
Bridgewater Village Inc, a notable entity in the nonprofit sector, is dedicated to providing retirement housing for its residents. The organization manages and maintains approximately 245 independent living units, ensuring a comfortable living environment for its elderly residents. Furthermore, Bridgewater Village Inc goes beyond just providing housing, it also coordinates various activities for the residents. This proactive approach not only keeps the seniors engaged but also fosters a sense of community within the retirement village. The mission of Bridgewater Village Inc, therefore, is to offer a conducive retirement living experience, coupled with property maintenance and the coordination of engaging activities, thereby enhancing the quality of life for its senior residents.
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Impact
October, 2024
Bridgewater Village Inc significantly enhances the quality of life for its residents by providing a supportive and well-maintained retirement housing community. With approximately 245 independent living units, it offers a safe and comfortable environment for seniors, allowing them to enjoy their independence while having access to essential property maintenance and coordinated activities. This focus on community engagement fosters social connections among residents, promoting overall well-being and a vibrant lifestyle. Located in Bridgewater, VA, the organization plays a vital role in ensuring that elderly individuals have a dedicated space to live, thrive, and connect with others in their later years.
This information is meant to be a general summary of Bridgewater 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 2022.
- Investment Income: $1,493,098
- Program Service Revenue: $9,081,815
- Gross Receipts: $10,751,231
Assets and Liabilities:
- Total Assets: $57,385,142
- Total Liabilities: $55,334,425
- Net Assets: $2,050,717
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Life lease income
Revenue
$3,323,897
Miscellaneous Income
Revenue
$314,185
Rental income
Revenue
$204,783
Service fees
Revenue
$5,238,950
Organization Details
Founding Year
1970
Phone
(540) 828-0462Principal Officer
James Weaver
Main Address
302 North Second Street, Bridgewater, VA, 22812
NTEE Category
Code: L22Z - Housing
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