Overview
What is Westminster Village Terre Haute Inc?
Westminster Village Terre Haute Inc is a not-for-profit life plan community located at 1120 E Davis Drive, Terre Haute, Indiana 47802. The organization operates with a staff of 306 employees and offers a balance between senior living arrangements, including assisted living and independent living. The entity has entered into an agreement with Rush Memorial Hospital for the hospital to lease the skilled nursing unit property and for Westminster Village to manage the operations. The mission of Westminster Village is to inspire residents and team members to enhance their lives and the lives of others.
Official website here: www.westminstervillagein.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Westminster Village Terre Haute Inc has received an 81% rating from Charity Navigator, indicating a solid performance in the area of accountability and finance. The organization has demonstrated strong governance practices, with a fully independent board and comprehensive financial oversight. Their program expense ratio is commendable at 89.28%, suggesting that a significant portion of their budget is directed towards their mission-related activities.
Despite these strengths, the organization faces challenges, particularly with its liabilities to assets ratio, which stands at 236.50%. This indicates a potential concern regarding financial sustainability. While they do well in many governance aspects, the high liabilities may raise questions about their long-term financial health.
Overall, Westminster Village Terre Haute Inc shows a commitment to transparency and responsible financial management, but stakeholders should be aware of the financial risks signified by their liabilities. This rating reflects a good balance of accountability practices, though attention to financial stability will be important moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Westminster Village Terre Haute Inc legitimate?
Westminster Village Terre Haute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westminster Village Terre Haute 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: $192,988
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,015,785
For more financial information, click here
Official website here: www.westminstervillagein.com
What is the mission statement of Westminster Village Terre Haute Inc?
Westminster Village Terre Haute Inc is a not-for-profit life plan community, inspiring both residents and team members to enhance their lives and those around them. They strike a balance between vibrant living and care, offering a continuum of services ranging from assisted living to independent living. Through an agreement with Rush Memorial Hospital, the organization leases and manages assisted living and independent living licensed residential beds, as well as the certified health facility. This arrangement enables the hospital to oversee the skilled nursing unit while Westminster Village Terre Haute Inc handles the operations, ensuring efficient and high-quality care for all.
Official website here: www.westminstervillagein.com
Who is the CEO of Westminster Village Terre Haute Inc?
Colleen Matthews is the Secretary of Westminster Village Terre Haute Inc.
Official website here: www.westminstervillagein.com
What is the revenue of Westminster Village Terre Haute Inc?
Westminster Village Terre Haute Inc's revenue in 2022 was $13,152,831.
Official website here: www.westminstervillagein.com
Who are the executives of Westminster Village Terre Haute Inc and what are their salaries?
The average compensation at Westminster Village Terre Haute Inc during 2022 was $20,290. There are 306 employees and 10 volunteers at Westminster Village Terre Haute Inc.
Here are 9 key members and their salaries:
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,660
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,300
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $900
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.westminstervillagein.com
Where can I find the form 990 for Westminster Village Terre Haute Inc?
Westminster Village Terre Haute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.westminstervillagein.com
Learn more at the official website: www.westminstervillagein.com
Mission Statement of Westminster Village Terre Haute Inc
Westminster Village Terre Haute Inc, a vibrant not-for-profit life plan community, is dedicated to inspiring its residents and team members to maximize their lives and contribute to the well-being of others. The organization's mission goes beyond just providing senior living services, as it strives to create a balance that enriches the lives of its residents.
In the heart of its operations, Westminster Village Terre Haute Inc has formed an agreement with Rush Memorial Hospital, which grants the hospital the lease and transfer of operations and management of the assisted living and independent living licensed residential beds and certified health facility. This partnership allows the hospital to oversee the skilled nursing unit property and enter into management agreements with Westminster Village Terre Haute Inc for the operational management. In essence, Westminster Village Terre Haute Inc is committed to delivering exceptional care and services to its residents, with the support and oversight of Rush Memorial Hospital.
Westminster Village Terre Haute Inc's team members are passionate about enhancing the quality of life for its residents, ensuring they feel supported, engaged, and connected to their community. Through this partnership, the organization is able to provide a comprehensive range of services, including assisted living and independent living options, allowing residents to age gracefully while maintaining their independence and dignity. Additionally, the certified health facility offers skilled nursing care for those requiring more intensive medical attention, rounding out the continuum of care provided by Westminster Village Terre Haute Inc.
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Impact
October, 2024
Westminster Village Terre Haute Inc significantly enhances the quality of life for seniors by providing a comprehensive continuum of care that includes independent and assisted living options. Located in Terre Haute, this community strikes a balance in senior living, allowing residents to thrive in a vibrant environment that promotes engagement and personal growth.
The partnership with Rush Memorial Hospital is a vital component of their operational framework, enabling the seamless management of skilled nursing facilities. This collaboration ensures that residents receive high-quality medical care when needed, supporting a holistic approach to health and wellness.
By fostering a community where seniors can maximize their potential, Westminster Village Terre Haute Inc not only meets the diverse needs of its residents but also inspires teamwork and commitment among staff members. Their mission focuses on enhancing the lives of residents and creating an atmosphere where everyone can flourish, making a lasting impact on the Terre Haute community.
This information is meant to be a general summary of Westminster Village Terre Haute 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: $69,026
- Program Service Revenue: $12,973,216
- Gross Receipts: $15,148,070
Assets and Liabilities:
- Total Assets: $16,701,321
- Total Liabilities: $39,498,642
- Net Assets: -$22,797,321
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE INCOME
Revenue
$5,608,580
APARTMENT LIVING
Revenue
$5,387,659
ASSISTED LIVING
Revenue
$1,976,977
Organization Details
Founding Year
1980
Phone
(812) 242-4600Principal Officer
Colleen Matthews
Main Address
1120 E DAVIS DRIVE, TERRE HAUTE, IN, 47802
Website
www.westminstervillagein.comNTEE Category
Code: P750 - Human services
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