Overview
What is Laurel Lake Retirement Community Inc?
Laurel Lake Retirement Community Inc, located at 200 Laurel Lake Drive, Hudson, OH 44236, is a vibrant retirement community dedicated to providing an active lifestyle for adults. With a team of 277 employees, they offer essential services such as housekeeping and environmental care. Their mission is to be the community of choice for individuals seeking a meaningful and purposeful retirement life, filled with opportunities for growth and service. The community values compassion, respect, excellence, and service in all aspects of their operations. Laurel Lake Retirement Community accomplishes this by delivering on various activities, educational programs, and entertainment.
Official website here: www.laurellake.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 85% - Three-Star out of Four Star Rating
Laurel Lake Retirement Community Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score reflects a strong emphasis on financial health, with a perfect score in key parameters such as independent board governance and financial oversight. The fiscal year 2021 data suggests a well-managed organization dedicated to transparency and ethical practices.
The organization boasts a fully independent board with all members being independent, which is a strong point for governance. It has also shown excellent financial management, with 88.15% of its expenses directed towards programs, reflecting its commitment to its mission. Additionally, mechanisms such as a whistleblower policy and conflict of interest policy emphasize its dedication to ethical operations.
While the ratings are favorable, potential donors and stakeholders may want to consider the overall impact of the organization beyond financial metrics. Engaging with user feedback could provide insights into the community's satisfaction with services offered, which is not captured in the financial data alone. Overall, Laurel Lake Retirement Community appears to be a transparent and well-run nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Laurel Lake Retirement Community Inc legitimate?
Laurel Lake Retirement Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laurel Lake 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: $593,263
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,430,965
For more financial information, click here
Official website here: www.laurellake.org
What is the mission statement of Laurel Lake Retirement Community Inc?
Laurel Lake Retirement Community Inc is dedicated to being the preferred choice for adults seeking a retirement community filled with meaning, purpose, and opportunities for growth and service. They strive to accomplish this mission by embracing their core values of compassion, respect, excellence, and service. The community offers various services and amenities, including housekeeping and environmental services, educational and entertainment activities, to help residents lead active and fulfilling lives. Laurel Lake Retirement Community Inc aims to provide a vibrant and engaging environment that allows adults to continue growing and making a difference.
Official website here: www.laurellake.org
Who is the CEO of Laurel Lake Retirement Community Inc?
David Oster is the President & Ceo of Laurel Lake Retirement Community Inc. The CEO's salary of Laurel Lake Retirement Community Inc is $368,034 and their total compensation is $402,998.
Official website here: www.laurellake.org
What is the revenue of Laurel Lake Retirement Community Inc?
Laurel Lake Retirement Community Inc's revenue in 2022 was $25,377,674.
Official website here: www.laurellake.org
Who are the executives of Laurel Lake Retirement Community Inc and what are their salaries?
The average compensation at Laurel Lake Retirement Community Inc during 2022 was $28,968. There are 277 employees and 100 volunteers at Laurel Lake Retirement Community Inc.
Here are 13 key members and their salaries (Laurel Lake Retirement Community Inc's CEO's salary is $368,034 and their total compensation is $402,998):
- Compensation: $368,034
- Related: $0
- Other: $34,964
- Compensation: $183,225
- Related: $0
- Other: $7,040
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.laurellake.org
Where can I find the form 990 for Laurel Lake Retirement Community Inc?
Laurel Lake Retirement Community Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.laurellake.org
Learn more at the official website: www.laurellake.org
Mission Statement of Laurel Lake Retirement Community Inc
Laurel Lake Retirement Community Inc is dedicated to being the preferred choice for adults seeking a meaningful, purposeful retirement life filled with lifelong opportunities for growth and service. This mission is accomplished by upholding the core values of compassion, respect, excellence, and service.
Laurel Lake Retirement Community Inc offers its residents an active retirement lifestyle. The community prioritizes their needs by providing essential services such as housekeeping and environmental services. In addition to these offerings, Laurel Lake provides an array of educational and entertainment activities, ensuring that there are ample opportunities for intellectual and social engagement.
The compassionate team at Laurel Lake Retirement Community Inc respects each resident's individuality, fostering an environment where everyone feels valued and supported. With a commitment to excellence, the community strives to deliver the highest quality of care and services, enhancing the overall lifestyle of its residents. The spirit of service is woven into every aspect of Laurel Lake, enabling residents to give back to their community and make a positive impact in the lives of others.
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Impact
October, 2024
Laurel Lake Retirement Community Inc. fosters an enriching environment for adults seeking a meaningful and purposeful retirement. By providing a life plan community, it encourages residents to lead active lives filled with opportunities for personal growth and service. The community offers various amenities, including housekeeping, environmental services, and a range of educational and entertainment activities, which together create a vibrant atmosphere that promotes engagement and connection.
With a strong commitment to its core values of compassion, respect, excellence, and service, Laurel Lake cultivates a supportive community where residents can thrive. The focus on lifelong learning and growth empowers individuals to explore their interests, participate in the arts, and build lasting relationships, ultimately enhancing their quality of life. In this way, Laurel Lake serves as a transformative space, impacting not only the lives of its residents but also the broader community by fostering belonging and connection.
This information is meant to be a general summary of Laurel Lake 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.
- Investment Income: $931,945
- Program Service Revenue: $23,824,810
- Gross Receipts: $30,162,180
Assets and Liabilities:
- Total Assets: $91,214,495
- Total Liabilities: $71,229,667
- Net Assets: $19,984,828
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANCILLARY SERVICES REVENUE
Revenue
$1,698,522
RESIDENT SERVICES
Revenue
$20,343,556
INCOME FROM ACTIVITIES
Revenue
$1,652,704
PROVIDER RELIEF FUNDS
Revenue
$130,028
Organization Details
Founding Year
1989
Phone
(330) 650-0681Principal Officer
David Oster
Main Address
200 Laurel Lake Drive, Hudson, OH, 44236
Website
www.laurellake.orgNTEE Category
Code: A6B - Arts
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