Overview
What is Twin Lakes?
Twin Lakes is a senior living community based in Cincinnati, Ohio, dedicated to enriching the lives of older adults. It offers a continuum of care, including 43 nursing care beds, 44 assisted living units, and 283 apartments or patio homes for seniors with varying care needs. The community fosters meaningful relationships and legacies through its stimulating programs and amenities, catering to both those requiring additional care and those living independently.
Official website here: www.lec.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating
Twin Lakes has earned a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization received an overall score based entirely on its accountability and finance, reflecting strong management practices and transparency in its operations. The absence of any material diversion of assets further emphasizes its integrity in financial handling.
The organization showcases a strong governance structure, with 70% of its board members being independent, which is a positive indicator of its commitment to ethical oversight. The board size and independent member ratio are favorable, contributing to the nonprofit's robust accountability metrics. Additionally, Twin Lakes has implemented comprehensive policies, including conflict of interest and whistleblower protections, which are critical for fostering trust and integrity within its operations.
Despite its strengths, the rating is derived solely from financial metrics, which may not encompass the full spectrum of the organization’s impact or effectiveness in achieving its mission. Potential donors and stakeholders should consider this aspect along with other qualitative factors when evaluating the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Twin Lakes legitimate?
Twin Lakes is a legitimate nonprofit organization registered as a 501(c)(3) entity. Twin Lakes 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: $175,492
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,117,112
For more financial information, click here
Official website here: www.lec.org
What is the mission statement of Twin Lakes?
Twin Lakes is dedicated to enhancing the living experience of seniors by offering them meaningful opportunities and enriching experiences. This mission is carried out through various communities that foster relationships and preserve legacies. The organization caters to seniors with different care needs, with 43 nursing care beds and 44 assisted living units available, as well as 283 apartments or patio homes for those who can live independently. Residents at Twin Lakes benefit from a range of amenities, creating a vibrant and engaging environment for them to call home.
Official website here: www.lec.org
Who is the CEO of Twin Lakes?
Scott Mcquinn is the Principal Officer of Twin Lakes. The CEO's salary of Twin Lakes is $0 and their total compensation is $839,301.
Official website here: www.lec.org
What is the revenue of Twin Lakes?
Twin Lakes's revenue in 2022 was $35,525,193.
Official website here: www.lec.org
Who are the executives of Twin Lakes and what are their salaries?
There 115 volunteers at Twin Lakes.
Here are 17 key members and their salaries (Twin Lakes's CEO's salary is $0 and their total compensation is $839,301):
- Compensation: $0
- Related: $570,987
- Other: $268,314
- Compensation: $0
- Related: $413,709
- Other: $200,853
- Compensation: $0
- Related: $91,869
- Other: $42,157
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $151,223
- Related: $0
- Other: $52,132
- Compensation: $139,104
- Related: $0
- Other: $38,117
- Compensation: $137,928
- Related: $0
- Other: $4,422
- Compensation: $121,475
- Related: $0
- Other: $14,929
- Compensation: $116,493
- Related: $0
- Other: $13,983
- Compensation: $109,587
- Related: $0
- Other: $13,704
Official website here: www.lec.org
Where can I find the form 990 for Twin Lakes?
Twin Lakes's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lec.org
Learn more at the official website: www.lec.org
Mission Statement of Twin Lakes
Twin Lakes, a renowned nonprofit organization, is dedicated to enhancing the living experience of seniors by providing them with a sense of purpose and meaning. By offering enriching opportunities and experiences, Twin Lakes fosters strong relationships and helps perpetuate legacies among its residents.
The organization caters to two distinct groups of seniors: those in need of nursing care and those who can live independently. Twin Lakes houses 43 nursing care beds and 44 assisted living units, providing essential care for seniors requiring additional support. On the other hand, 283 apartments and patio homes are designed for seniors who can live independently.
Residents at Twin Lakes enjoy a variety of amenities that contribute to their overall well-being. Beyond the physical comforts, Twin Lakes fosters a community where seniors can engage in meaningful activities, connect with peers, and maintain an active social life. The organization's mission is to ensure that each resident enjoys their golden years with a sense of dignity, respect, and fulfillment.
In summary, Twin Lakes is more than just a living facility – it's a community that values the unique experiences and contributions of its seniors. By providing care and opportunities tailored to their needs, Twin Lakes empowers its residents to live their best lives and create lasting legacies.
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Impact
October, 2024
Twin Lakes significantly enhances the quality of life for seniors in Cincinnati, OH, by providing a diverse range of living options tailored to various needs. With 43 nursing care beds and 44 assisted living units, it ensures that those requiring additional support receive the necessary care in a compassionate environment. For independent seniors, the community offers 283 apartments and patio homes, fostering a sense of autonomy and dignity.
Beyond housing, Twin Lakes creates enriching opportunities and experiences that promote relationships and help residents build meaningful legacies. This holistic approach to senior living not only addresses the physical needs of its residents but also nurtures their emotional and social well-being, making it a vital resource in the community. The amenities offered further enhance residents’ daily lives, providing a fulfilling and engaging living experience that goes beyond mere shelter.
This information is meant to be a general summary of Twin Lakes. 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: -$80,569
- Program Service Revenue: $30,953,965
- Gross Receipts: $35,875,676
Assets and Liabilities:
- Total Assets: $228,518,323
- Total Liabilities: $217,888,157
- Net Assets: $10,630,166
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT REVENUE
Revenue
$29,215,565
MEDICARE/MEDICAID
Revenue
$1,499,633
RESIDENT SERVICES
Revenue
$238,767
Organization Details
Founding Year
2000
Phone
(513) 247-1300Principal Officer
Scott Mcquinn
Main Address
9840 MONTGOMERY ROAD, CINCINNATI, OH, 45242
Website
www.lec.orgNTEE Category
Code: L22 - Housing
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