Overview
What is Episcopal Retirement Homes Inc?
Episcopal Retirement Homes Inc, specifically the Marjorie P. Lee community, is a respected nonprofit organization based in Cincinnati, Ohio. Established in 1963, it enriches the lives of older adults by providing a range of services and accommodations under one roof, including independent living, assisted living, short-term and long-term skilled nursing care, and memory support. The organization's mission is person-centered and innovative, with a strong emphasis on spirituality. In recent years, Marjorie P. Lee has been recognized as a top workplace in Cincinnati and has scored exceptionally high on the Ohio Department of Aging nursing home resident satisfaction survey. In 2022, they invested over $921,000 in charitable financial assistance, ministry services, chaplaincy, and volunteers. With their "Our Promise, Your Future" program, they ensure that residents can stay even if they outlive their financial resources. Their commitment to individualized care demonstrates a deep respect for the elderly, treating their communities as homes rather than institutions. Their ultimate goal is to help elders live successful, secure, engaged, and happy lives.
Official website here: www.episcopalretirement.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Episcopal Retirement Homes Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization scored 81% in this category, indicating a commitment to maintaining financial integrity and transparency. The assessment is based solely on the accountability and finance beacon, which is crucial for potential donors assessing the organization's reliability.
The nonprofit demonstrates strong governance, evidenced by its independent board members, all of whom are fully independent. Additionally, it has a robust oversight framework with a well-defined audit and oversight committee. The organization has also implemented essential policies such as conflict of interest and whistleblower protections, which contribute to a culture of accountability and ethical oversight.
However, the organization faced a challenge with its liabilities to assets ratio, scoring 0 out of 15 points in this area. This may indicate potential financial risk or leverage that could warrant further examination by stakeholders. Overall, while Episcopal Retirement Homes Inc has commendable practices in governance and financial management, prospective donors may want to consider its financial ratios as part of their decision-making process.
This AI summary has been generated from information found on Charity Navigator.
Is Episcopal Retirement Homes Inc legitimate?
Episcopal Retirement Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Episcopal Retirement Homes 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: $1,825,479
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,555,921
For more financial information, click here
Official website here: www.episcopalretirement.com
What is the mission statement of Episcopal Retirement Homes Inc?
Episcopal Retirement Homes Inc enriches the lives of older adults through person-centered, innovative, and spiritually based care. Their mission is to enable elderly individuals to live life on their own terms, respecting their homes and prioritizing freedom, choice, and purpose. The organization provides a range of accommodations and services for independent living, assisted living, short-term and long-term skilled nursing care, and memory support. They ensure the elders they serve are successful, secure, engaged, and happy. Their person-centered care philosophy emphasizes individualized service and care, aiming to create a home-like environment where residents feel valued and supported. Episcopal Retirement Homes Inc invests heavily in charitable financial assistance, ministry services, chaplaincy, and volunteers, demonstrating their commitment to providing comprehensive care for older adults.
Official website here: www.episcopalretirement.com
Who is the CEO of Episcopal Retirement Homes Inc?
Laura Lamb is the CEO of Episcopal Retirement Homes Inc The CEO's salary of Episcopal Retirement Homes Inc is $518,728 and their total compensation is $595,486.
Official website here: www.episcopalretirement.com
What is the revenue of Episcopal Retirement Homes Inc?
Episcopal Retirement Homes Inc's revenue in 2023 was $39,959,006.
Official website here: www.episcopalretirement.com
Who are the executives of Episcopal Retirement Homes Inc and what are their salaries?
The average compensation at Episcopal Retirement Homes Inc during 2023 was $23,476. There are 783 employees and 416 volunteers at Episcopal Retirement Homes Inc.
Here are 28 key members and their salaries (Episcopal Retirement Homes Inc's CEO's salary is $518,728 and their total compensation is $595,486):
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- Compensation: $518,728
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- Other: $76,758
- Compensation: $252,506
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- Other: $35,142
- Compensation: $202,734
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- Other: $3,459
- Compensation: $169,067
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- Compensation: $186,306
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- Other: $15,285
- Compensation: $141,924
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- Compensation: $146,102
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- Other: $4,212
- Compensation: $128,821
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- Other: $42,649
- Compensation: $152,085
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- Other: $25,992
- Compensation: $144,455
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- Other: $23,309
- Compensation: $124,384
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- Other: $25,397
- Compensation: $120,013
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- Other: $21,084
Official website here: www.episcopalretirement.com
Where can I find the form 990 for Episcopal Retirement Homes Inc?
Episcopal Retirement Homes Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.episcopalretirement.com
Learn more at the official website: www.episcopalretirement.com
Mission Statement of Episcopal Retirement Homes Inc
Episcopal Retirement Homes Inc, a reputable nonprofit organization, enriches the lives of older adults through person-centered, innovative, and spiritually based services. Since its inception in 1963, this esteemed organization has offered a range of accommodations and services for independent living, assisted living, short-term and long-term skilled nursing care, and memory support, all under one roof.
The Marjorie P. Lee Community, a landmark of Episcopal Retirement Homes Inc, is renowned for enhancing the lives of older adults with quality services in a tree-lined neighborhood. It offers a choice of living arrangements and is conveniently located near community services, making it an ideal place for older adults to thrive. The organization is committed to providing financial assistance, ministry services, chaplaincy, and volunteer support, ensuring peace of mind for its residents and their families.
Episcopal Retirement Homes Inc has been recognized for its exceptional work, receiving accolades as a top workplace in Cincinnati for thirteen consecutive years, a distinction voted on by its employees. The organization has also scored among the highest in the region on the Ohio Department of Aging Nursing Home Resident Satisfaction Survey. Episcopal Retirement Homes Inc's person-centered care philosophy emphasizes respecting the individuality of older adults and providing them with the freedom, choice, and purpose they deserve. This approach ensures that the elders served by the organization are successful, secure, engaged, and happy, regardless of the part of the community they are in.
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Impact
October, 2024
Episcopal Retirement Homes Inc significantly enriches the lives of older adults through a person-centered, innovative, and spiritually based approach. The Marjorie P. Lee Community, a cornerstone of this mission, has been a vital part of the Hyde Park neighborhood in East Cincinnati since 1963, offering a supportive environment for seniors.
With a variety of accommodations, including independent living, assisted living, and memory support, Marjorie P. Lee provides tailored services that prioritize the dignity and individual needs of each resident. This commitment is exemplified by their "Our Promise, Your Future" program, ensuring that residents will not be forced to leave due to financial challenges, offering peace of mind to both residents and their families.
In 2022, over $921,000 was dedicated to charitable financial assistance, chaplaincy, and community volunteer initiatives, underscoring their commitment to holistic care. The organization has consistently achieved high satisfaction scores in independent assessments, reflecting their dedication to quality service and resident well-being.
By treating residents as individuals with unique needs and preferences, Episcopal Retirement Homes elevates the standard of care and living for older adults. Their recognition as a Top Workplace in Cincinnati for thirteen consecutive years highlights their positive impact not only on residents but also on their staff, fostering a community where all thrive.
This information is meant to be a general summary of Episcopal Retirement Homes 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 2023.
- Investment Income: $689,264
- Program Service Revenue: $34,520,710
- Gross Receipts: $39,959,006
Assets and Liabilities:
- Total Assets: $61,823,723
- Total Liabilities: $52,838,425
- Net Assets: $8,985,298
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MONTHLY & DAILY RES FEES
Revenue
$29,824,351
OTHER OPERATING REVENUE
Revenue
$2,219,531
MANAGEMENT FEE INCOME
Revenue
$1,999,192
AMORTIZATION OF ENTRANCE FEES
Revenue
$477,636
Organization Details
Founding Year
1951
Principal Officer
Laura Lamb
Website
www.episcopalretirement.comNTEE Category
Code: P750 - Human services
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