Overview
What is Sarah A Reed Retirement Center?
Sarah A Reed Retirement Center, also known as Sarah Reed Senior Living (SRSL), is a nonprofit community in Erie, Pennsylvania, that specializes in providing quality housing, healthcare, and related services primarily for older adults. The organization offers various levels of care, including residential living and personal care apartments, short-term and long-term nursing facility care, skilled nursing and rehabilitation, memory support, and end-of-life care. Their mission is to enhance the lives of older adults, enabling them to reach the highest practical level of independence and dignity. SRSL not only focuses on residents' physical needs but also addresses their social, emotional, and spiritual requirements during their transition into their facilities. The center provides various support programs for residents and their families, and offers internships, career talks, and informational sessions in the community to promote healthcare careers and relevant aging topics. Additionally, they support medical mission organizations and local agencies by donating used equipment, clothing, furnishings, and other usable items. With over 380 employees, they are a significant community partner, providing care for over 200 residents and employing over 200 staff members. Throughout the years, they have expanded their facilities and grounds to improve and stabilize their neighborhood. The center also offers financial assistance to residents in need within their residential and personal care facilities.
Official website here: www.sarahareed.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Sarah A Reed Retirement Center has received a commendable Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. The organization boasts a perfect score on several key metrics, including having 100% independent board members and a robust financial oversight structure. This transparency and governance indicate a strong commitment to responsible management of resources.
The organization excels in its program expense ratio, with nearly 90% of its expenses directed toward programs. This suggests a significant focus on delivering quality services to its beneficiaries, rather than diverting funds to administrative costs. Additionally, the presence of comprehensive policies on conflicts of interest and whistleblower protection reinforces the integrity of its operations.
While the organization's financial health appears strong, with a low liabilities to assets ratio, ongoing monitoring of its financial practices will be essential to maintain this positive trajectory. Overall, the Sarah A Reed Retirement Center demonstrates a well-structured nonprofit model that prioritizes effective service delivery while ensuring strong governance and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Sarah A Reed Retirement Center legitimate?
Sarah A Reed Retirement Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sarah A Reed Retirement Center 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: $346,594
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,063,653
For more financial information, click here
Official website here: www.sarahareed.org
What is the mission statement of Sarah A Reed Retirement Center?
The Sarah A Reed Retirement Center offers residential services, healthcare, physical therapy, and related care to older adults. Their mission is to provide quality healthcare, housing, and associated services to residents in a caring and trusted environment. They seek to enhance the quality of life of older adults, allowing them to reach the highest level of independence and dignity. The center promotes healthcare careers through internships, speaking engagements, and educational opportunities. They support various nonprofits through donations and community sponsorships. Employing over 200 staff members and caring for over 200 community members, the center is an active community partner. They have expanded their facilities and grounds throughout the years to improve and stabilize their neighborhood. Financial assistance is offered to residents in need within their residential and personal care facilities.
Official website here: www.sarahareed.org
Who is the CEO of Sarah A Reed Retirement Center?
Gale Magyar is the Director of Sarah A Reed Retirement Center. The CEO's salary of Sarah A Reed Retirement Center is $209,285 and their total compensation is $221,696.
Official website here: www.sarahareed.org
What is the revenue of Sarah A Reed Retirement Center?
Sarah A Reed Retirement Center's revenue in 2022 was $18,539,693.
Official website here: www.sarahareed.org
Who are the executives of Sarah A Reed Retirement Center and what are their salaries?
The average compensation at Sarah A Reed Retirement Center during 2022 was $22,074. There are 381 employees and 30 volunteers at Sarah A Reed Retirement Center.
Here are 21 key members and their salaries (Sarah A Reed Retirement Center's CEO's salary is $209,285 and their total compensation is $221,696):
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- Compensation: $123,141
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- Other: $10,094
- Compensation: $209,285
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- Other: $12,411
- Compensation: $112,931
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- Other: $7,887
- Compensation: $111,676
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- Other: $7,937
- Compensation: $106,728
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- Other: $16,458
- Compensation: $155,697
- Related: $0
- Other: $11,025
Official website here: www.sarahareed.org
Where can I find the form 990 for Sarah A Reed Retirement Center?
Sarah A Reed Retirement Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sarahareed.org
Learn more at the official website: www.sarahareed.org
Mission Statement of Sarah A Reed Retirement Center
Sarah A Reed Retirement Center is a continuing care retirement community dedicated to providing quality housing, healthcare, and associated services to older adults. The organization's primary focus is to enhance the quality of life of older adults, enabling them to reach the highest practical level of independence and dignity in a caring and compassionate environment.
The Sarah A Reed Retirement Center offers various levels of care, including residential living and personal care apartments, short-term and long-term nursing facility care, skilled nursing and rehabilitation, memory support, and end-of-life care. The center provides physical, social, emotional, and spiritual support to residents and their families during the transition from home to their facilities.
In addition to providing comprehensive care services, Sarah A Reed Retirement Center actively contributes to the community by promoting healthcare careers through internship opportunities, educational talks, and sponsoring community events. The organization also supports other nonprofits by donating used equipment, clothing, furnishings, and other usable items as available. Sarah A Reed Retirement Center is a significant community partner, employing over 200 staff members and caring for over 200 members of the community. The center has grown and expanded its facilities throughout the years, improving and stabilizing the neighborhood in which it resides. Furthermore, the organization has provided financial assistance to residents in their residential and personal care facilities who may have run out of resources.
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Impact
October, 2024
The Sarah A Reed Retirement Center profoundly impacts the lives of older adults by delivering a wide range of residential services, healthcare, and rehabilitation options. Operating as a continuing care retirement community, it provides quality housing and personalized care, allowing residents to maintain independence and dignity during transitions in their lives.
By offering short-term and long-term nursing facility care, skilled nursing, rehabilitation, and memory support, the center ensures that individuals have access to the level of care they need. This holistic approach supports not only the physical well-being of residents but also addresses their social, emotional, and spiritual needs, fostering a nurturing environment during a crucial phase of life.
Additionally, Sarah A Reed Retirement Center contributes to the broader community by promoting healthcare careers through internships and educational outreach, supporting local medical missions, and engaging in partnerships with community organizations. By employing over 200 staff members and caring for more than 200 community members annually, it plays a significant role in enhancing the local economy and stability.
Financial assistance for residents who have exhausted their resources underscores the center's commitment to providing a caring and trusted environment. The continued growth and development of its facilities contribute to both the well-being of its residents and the revitalization of the surrounding neighborhood, making a lasting impact that resonates throughout the Erie community.
This information is meant to be a general summary of Sarah A Reed Retirement Center. 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: $700,070
- Program Service Revenue: $15,012,344
- Gross Receipts: $18,543,282
Assets and Liabilities:
- Total Assets: $37,271,205
- Total Liabilities: $11,010,265
- Net Assets: $26,260,940
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT SERVICE REVENUE
Revenue
$14,163,475
ANCILLARY CHARGES
Revenue
$431,557
PENNSYLVANIA NURSING HOME ASSESSM
Revenue
$417,312
Organization Details
Founding Year
1871
Phone
(814) 878-2600Principal Officer
Gale Magyar
Main Address
227 WEST 22ND STREET, ERIE, PA, 16502
Website
www.sarahareed.orgNTEE Category
Code: P750 - Human services
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