Overview
What is Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin?
Long Beach Memorial Nursing Home Inc, under the plan administration of Lori Lapin Jones Esq, was a skilled nursing facility situated in Long Beach, New York. The organization faced financial challenges and underwent a sale in October 2014. Subsequently, in 2017, a Chapter 11 bankruptcy plan of liquidation was confirmed by the court, marking a significant transition for the nursing home. At the time of the bankruptcy, the facility had a small team of one employee. The Komanoff Center for Geriatric and Rehabilitative Medicine is now associated with the organization's name.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Stars (34%)
Long Beach Memorial Nursing Home has received a low score of 34%, resulting in a Zero-Star rating. This rating primarily reflects significant concerns in accountability and finance. Notably, the organization has no independent board members, which raises questions about governance and oversight. Additionally, while there are no reported material diversions of assets, the overall financial practices appear to be concerning, as indicated by a liabilities to assets ratio of 102.20%.
On the positive side, the organization has established policies regarding conflicts of interest, whistleblowing, and document retention, all of which are noted as compliant in their evaluations. They also maintain records of board meeting minutes, demonstrating some level of transparency in operations. However, the absence of a website listed on the tax form and the failure to post the tax form on their website are critical gaps that hinder public access to vital information.
Overall, while there are some policies in place that suggest an effort towards accountability, the major shortcomings in governance, financial practices, and transparency lead to serious concerns about the effectiveness and reliability of Long Beach Memorial Nursing Home in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin legitimate?
Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin is a legitimate nonprofit organization registered as a 501(c)(3) entity. Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin 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: $30,177
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin?
The Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin, following bankruptcy proceedings under Chapter 11 of the Bankruptcy Code, has undergone a liquidation plan confirmed by the court on October 3, 2017. Prior to this, Long Beach Memorial Nursing Home was a skilled nursing facility located in Long Beach, New York. The facility was sold in October 2014, leading to the subsequent bankruptcy and subsequent liquidation plan. It is important to note that this information pertains to the legal and financial status of the nursing home, and no specific mission or purpose for the facility is provided in the given data.
Who is the CEO of Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin?
Lori Lapin Jones Esq is the Plan Administrator of Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin.
What is the revenue of Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin?
Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin's revenue in 2022 was $2,708.
Who are the executives of Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin and what are their salaries?
The average compensation at Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin during 2022 was $30,177. There is 1 employee at Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin.
There is 1 key member and their salary:
- Compensation: $30,177
- Related: $30,032
- Other: $0
Where can I find the form 990 for Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin?
Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin
Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin was a skilled nursing facility, serving its community with care and dedication. Established in an unspecified location, the nursing home provided vital services to its patients. However, in 2014, the facility underwent a significant change when it was sold. Despite this transition, Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin continued to operate until 2017, when a significant event occurred. The Bankruptcy Court confirmed a Chapter 11 Plan of Liquidation, marking a significant shift in the facility's operations. This plan, effective from October 3, 2017, signaled the end of Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin as a functioning nursing home. Despite the liquidation, the facility's legacy of care and service to its community continues to be a part of its history.
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
August, 2024
The impact of Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin is that a plan of liquidation under Chapter 11 of the Bankruptcy Code was confirmed by the bankruptcy court. This means that the nursing home, which was a skilled nursing facility located in Long Beach, New York, has undergone a process of liquidation following the sale of the facility in October 2014. The confirmation of the Chapter 11 plan of liquidation in 2017 signifies the conclusion of the bankruptcy proceedings and the dissolution of the nursing home.
This information is meant to be a general summary of Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin. 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: $25
- Gross Receipts: $2,708
Assets and Liabilities:
- Total Assets: $5,669,957
- Total Liabilities: $5,794,918
- Net Assets: -$124,961
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1970
Phone
(516) 466-4110Principal Officer
Lori Lapin Jones Esq
Main Address
98 CUTTER MILL ROAD SUITE 255 SOUT, GREAT NECK, NY, 11021
NTEE Category
Code: E910 - Health
If you are a representative of Long Beach Memorial Nursing Home Inc C/O Lori Lapin Jones Esq Plan Admin 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.