Overview
What is Samaritan Housing Foundation Inc?
The Samaritan Housing Foundation is a nonprofit organization dedicated to enhancing retirement living for individuals aged 62 and above. Their mission, embodied in the Searstone retirement community, focuses on fostering an active lifestyle, preserving individual independence, upholding personal dignity, and embracing family values. The community consists of 169 living units, housing 245 people, as well as 39 nursing care beds, with provisions for assisted living and nursing care. The organization offers essential services, which include meals, housekeeping, maintenance, activities, transportation, and nursing services, ensuring a comprehensive and nurturing living experience for its residents.
Official website here: www.searstone.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Samaritan Housing Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a relatively strong performance in accountability and finance. The organization scored 81% overall, with its rating derived entirely from its Accountability & Finance beacon. This suggests that the foundation demonstrates a good level of transparency and responsible financial management.
The organization showcases notable strengths, including a high percentage of independent board members (90%), effective financial oversight with no material diversion of assets, and robust policies in place such as conflict of interest and whistleblower policies. Additionally, the program expense ratio is commendably high at 86.09%, which implies that a significant portion of its funding is directed toward its programs rather than administrative costs.
However, while the financial management appears solid, some concerns may arise regarding the high salaries of key personnel. For instance, the president's salary is notably high at $361,022. This may lead to questions about salary structures and resource allocation within the organization, which could impact donor trust and perceptions of fiscal responsibility. Overall, while Samaritan Housing Foundation Inc demonstrates strong accountability, addressing salary-related concerns might enhance its credibility further.
This AI summary has been generated from information found on Charity Navigator.
Is Samaritan Housing Foundation Inc legitimate?
Samaritan Housing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Samaritan Housing Foundation 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: $692,580
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,979,679
For more financial information, click here
Official website here: www.searstone.com
What is the mission statement of Samaritan Housing Foundation Inc?
The Samaritan Housing Foundation is dedicated to creating an enhanced retirement community for individuals aged sixty-two and above. With a focus on maintaining an active lifestyle, personal independence, and preserving dignity, the foundation provides full-service life care. The community, home to 245 residents, offers living units and nursing care beds. Services encompass meals, housekeeping, maintenance, activities, transportation, and nursing services, ensuring the well-being and comfort of the residents.
Official website here: www.searstone.com
Who is the CEO of Samaritan Housing Foundation Inc?
Stanley Brading is the Principal Officer of Samaritan Housing Foundation Inc.
Official website here: www.searstone.com
What is the revenue of Samaritan Housing Foundation Inc?
Samaritan Housing Foundation Inc's revenue in 2022 was $14,492,637.
Official website here: www.searstone.com
Who are the executives of Samaritan Housing Foundation Inc and what are their salaries?
The average compensation at Samaritan Housing Foundation Inc during 2022 was $17,765. There are 263 employees at Samaritan Housing Foundation Inc.
Here are 15 key members and their salaries:
- Compensation: $361,022
- Related: $0
- Other: $55,307
- Compensation: $8,250
- Related: $0
- Other: $0
- Compensation: $8,850
- Related: $0
- Other: $0
- Compensation: $8,850
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $8,350
- Related: $0
- Other: $0
- Compensation: $5,750
- Related: $0
- Other: $0
- Compensation: $6,850
- Related: $0
- Other: $0
- Compensation: $8,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $178,180
- Related: $0
- Other: $8,604
- Compensation: $153,378
- Related: $0
- Other: $8,721
- Compensation: $146,425
- Related: $0
- Other: $9,059
- Compensation: $112,770
- Related: $0
- Other: $8,050
- Compensation: $100,996
- Related: $0
- Other: $8,469
Official website here: www.searstone.com
Where can I find the form 990 for Samaritan Housing Foundation Inc?
Samaritan Housing Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.searstone.com
Learn more at the official website: www.searstone.com
Mission Statement of Samaritan Housing Foundation Inc
The Samaritan Housing Foundation is a community dedicated to enhancing the retirement experience for individuals aged sixty-two and above. With a focus on an active lifestyle, personal independence, and dignity, the organization strives to create an environment that values family estate preservation.
Samaritan Housing Foundation's mission comes to life at Searstone retirement community, which accommodates 245 residents in 169 living units. The community offers a comprehensive range of services, including meals, housekeeping, maintenance, activities, transportation, and nursing care. These services ensure that residents can enjoy their golden years with ease and convenience, while maintaining their personal independence.
At Searstone, the emphasis is on creating an engaging and vibrant community for its residents. The community accommodates 14 assisted living beds and 25 nursing care beds, making it a full-service life care facility. Samaritan Housing Foundation's commitment to preserving personal dignity and family values is reflected in the variety of services and amenities provided to its residents. By focusing on both their physical and emotional wellbeing, the organization creates an atmosphere that fosters growth, independence, and joy in later life.
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Impact
October, 2024
Samaritan Housing Foundation Inc significantly enhances the quality of life for residents aged 62 and older through its comprehensive retirement community. Searstone, located in Cary, NC, offers a full-service life care model that prioritizes active lifestyles, personal independence, and the dignity of its residents.
With 169 living units designed to accommodate 245 individuals, the community ensures that seniors have access to a range of necessary services, including meals, housekeeping, maintenance, and transportation. Additionally, the provision of 39 nursing care beds—14 for assisted living and 25 for nursing care—addresses the varying health needs of residents, ensuring they receive appropriate care as needed.
The emphasis on family values and estate preservation fosters a supportive environment, allowing residents to maintain connections with loved ones while enjoying their independence. By promoting an active lifestyle and providing essential services, Samaritan Housing Foundation Inc cultivates a nurturing and respectful community where seniors can thrive, preserving their dignity and enhancing their quality of life.
This information is meant to be a general summary of Samaritan Housing Foundation 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: -$304,823
- Program Service Revenue: $14,723,456
- Gross Receipts: $15,949,826
Assets and Liabilities:
- Total Assets: $316,589,034
- Total Liabilities: $403,094,478
- Net Assets: -$86,505,444
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT FEES
Revenue
$12,208,131
AMORTIZATION OF ENTRANCE FEE
Revenue
$1,230,998
RESIDENT MEALS
Revenue
$1,032,057
RESIDENT SERVICES
Revenue
$252,270
Organization Details
Founding Year
2005
Phone
(866) 261-1814Principal Officer
Stanley Brading
Main Address
17001 SEARSTONE DRIVE, CARY, NC, 27513
Website
www.searstone.comNTEE Category
Code: P75 - Human services
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