Overview
What is Arcadia Retirement Community Inc?
Arcadia Retirement Community Inc was a nonprofit organization based in Long Branch, New Jersey, dedicated to offering superior care for the elderly and infirm. Established in 1997, the organization managed a 126-bed skilled nursing facility in Hamilton Square, New Jersey, providing a nurturing environment to cater to the physical, emotional, social, and spiritual needs of its residents. In August 2019, the nursing home-related assets were sold to Hamilton Propco LLC, and operations were transferred to Hamilton Operator LLC. Arcadia Retirement Community Inc. distributed the net proceeds from the sale to Greater Mercer Area Healthcare Foundation Inc., a 501(c)(3) tax-exempt nonprofit foundation, as part of the organization's wind-down process. As of the provided information, the current status of Arcadia Retirement Community Inc. is not disclosed.
Is Arcadia Retirement Community Inc legitimate?
Arcadia Retirement Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arcadia Retirement Community 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: $0
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What is the mission statement of Arcadia Retirement Community Inc?
Arcadia Retirement Community Inc's mission was centered around providing the highest level of care for the elderly and infirm. This care aimed to address their physical, emotional, social, and spiritual needs in an environment that fostered compassion, empathy, and dignity. The organization operated a skilled nursing facility, offering its services for over two decades before selling its nursing home-related assets in August 2019. Post-sale, any net proceeds from the transaction were distributed to Greater Mercer Area Healthcare Foundation Inc., a 501(c)(3) tax-exempt non-profit foundation. Currently, Arcadia Retirement Community Inc. is in the process of winding down its affairs, with any remaining funds set to be distributed to the foundation prior to requesting dissolution of the entity.
Who is the CEO of Arcadia Retirement Community Inc?
Lawrence Sargent is the President of Arcadia Retirement Community Inc.
What is the revenue of Arcadia Retirement Community Inc?
Arcadia Retirement Community Inc's revenue in 2022 was $0.
Who are the executives of Arcadia Retirement Community Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Arcadia Retirement Community Inc?
Arcadia Retirement Community Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Arcadia Retirement Community Inc
Arcadia Retirement Community Inc, a non-profit organization, was dedicated to providing the highest quality care for the elderly and infirm. Their mission was to cater to the physical, emotional, social, and spiritual needs of these individuals, all while fostering an environment of compassion, empathy, and dignity. The organization operated a skilled nursing facility, offering top-notch care to its residents since 1997. The mission of Arcadia Retirement Community Inc was to create a safe and nurturing space for its elderly and infirm residents, ensuring they lived comfortably during their golden years.
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Impact
October, 2024
Arcadia Retirement Community Inc. has made a significant impact in the field of elderly care through its dedication to providing high-quality nursing services for the elderly and infirm. Operating from 1997 until 2019, the facility in Hamilton Square, New Jersey, served as a crucial resource in the community, catering to the physical, emotional, social, and spiritual needs of its residents.
With a commitment to compassion, empathy, and dignity, Arcadia aimed to create a nurturing atmosphere that prioritized the well-being of its residents. The organization successfully maintained its 126-bed skilled nursing facility, becoming a trusted option for families seeking care for their loved ones.
Although the nursing home assets were sold, the legacy of Arcadia continues. The net proceeds from this sale were directed to the Greater Mercer Area Healthcare Foundation Inc., ensuring that the resources generated from its operations would benefit the community further. As Arcadia retires and winds down its affairs, it remains focused on supporting relevant health care initiatives, thereby sustaining its commitment to improve elder care in the region even after ceasing operations.
This information is meant to be a general summary of Arcadia Retirement Community 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.
Assets and Liabilities:
- Total Assets: $337,923
- Total Liabilities: $3,184
- Net Assets: $334,739
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Organization Details
Founding Year
1997
Phone
(973) 919-4947Principal Officer
Lawrence Sargent
Main Address
609 PATTEN AVENUE, LONG BRANCH, NJ, 07740
NTEE Category
Code: E91 - Health
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