Overview
What is Westminster Village Greenwood Inc?
Westminster Village Greenwood Inc is a nonprofit organization based in Greenwood, Indiana, operating a continuing care and retirement facility. They offer housing options in apartments and cottages for the elderly, as well as assisted living care and healthcare services through their licensed residential care facility and health care center. The organization includes 179 independent-living apartments, 76 independent-living cottages, 45 assisted-living apartments, and a 131-bed health care center providing both skilled and immediate care. Westminster Village Greenwood, Inc. ensures subsidized care for their residents should they outlive their financial resources. The mission of the organization is to provide long-term continuing care and retirement services. With a workforce of 460 employees, they aim to enhance the quality of life for their residents.
Official website here: www.greenwoodvillagesouth.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%
Westminster Village Greenwood Inc has received an overall score of 81%, earning it a Three-Star out of Four Star rating from Charity Navigator. This score reflects a strong commitment to accountability and finance, which is critical for donor trust and organizational transparency. Notably, the organization has a perfect score for having an independent board, with 100% of its members being independent, ensuring that decisions are made without conflicts of interest.
The charity demonstrates solid financial health with an impressive program expense ratio of 73.91%, indicating that a significant portion of its expenses directly supports its programs. Furthermore, the organization is compliant with multiple policies, including conflict of interest and whistleblower policies, which contribute to its accountability. The financial statements are audited, and there have been no material diversions of assets, which reinforces the charity's integrity.
However, the organization did receive a lower score for its liabilities to assets ratio, at 85.83%, suggesting some concerns regarding its financial leverage. While overall accountability and finance practices appear strong, this aspect may warrant closer monitoring to ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Westminster Village Greenwood Inc legitimate?
Westminster Village Greenwood Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westminster Village Greenwood 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: $13,194,736
For more financial information, click here
Official website here: www.greenwoodvillagesouth.com
What is the mission statement of Westminster Village Greenwood Inc?
Westminster Village Inc is dedicated to operating a long-term continuing care and retirement facility. The organization provides housing solutions for seniors through apartments and cottages. It offers assisted living care through a licensed residential facility and healthcare services through a healthcare center. With a commitment to benevolent care, Westminster Village subsidizes the cost of care for residents who outlive their financial resources. Their mission encompasses ensuring the well-being of seniors by providing comprehensive housing and healthcare solutions.
Official website here: www.greenwoodvillagesouth.com
Who is the CEO of Westminster Village Greenwood Inc?
Jordan Morrow is the President of Westminster Village Greenwood Inc.
Official website here: www.greenwoodvillagesouth.com
What is the revenue of Westminster Village Greenwood Inc?
Westminster Village Greenwood Inc's revenue in 2022 was $31,277,153.
Official website here: www.greenwoodvillagesouth.com
Who are the executives of Westminster Village Greenwood Inc and what are their salaries?
The average compensation at Westminster Village Greenwood Inc during 2022 was $28,684. There are 460 employees and 9 volunteers at Westminster Village Greenwood Inc.
Here are 16 key members and their salaries:
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- Compensation: $161,489
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- Compensation: $129,065
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- Compensation: $127,427
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- Other: $3,678
- Compensation: $124,153
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- Other: $2,471
- Compensation: $107,554
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- Other: $3,030
Official website here: www.greenwoodvillagesouth.com
Where can I find the form 990 for Westminster Village Greenwood Inc?
Westminster Village Greenwood Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.greenwoodvillagesouth.com
Learn more at the official website: www.greenwoodvillagesouth.com
Mission Statement of Westminster Village Greenwood Inc
Westminster Village Greenwood Inc is a non-profit organization dedicated to operating a long-term continuing care and retirement facility. Its primary mission is to provide housing and comprehensive care for the elderly, offering a range of living options from independent apartments and cottages to assisted living and skilled nursing care. The organization subsidizes the cost of care for its residents should they outlive their financial resources, demonstrating its commitment to benevolent care.
At Westminster Village Greenwood Inc, the elderly population receives more than just a place to live. The continuum of care provided ensures that residents have access to the necessary support as their needs change over time. Through its licensed residential care facility, the organization offers assisted living services, ensuring that seniors receive the help they need with daily activities while maintaining their independence. Meanwhile, the health care facility offers skilled and immediate care for those requiring more intensive medical attention.
Westminster Village Greenwood Inc ensures that its residents enjoy a high quality of life, allowing them to age in place with dignity and comfort. By offering a variety of living options, the organization caters to the diverse needs of its elderly population, providing them with a sense of community and belonging. The organization's dedication to benevolent care extends beyond the financial aspect, as it also prioritizes residents' emotional, social, and spiritual well-being. Westminster Village Greenwood Inc is more than just a retirement facility; it is a home where seniors can live out their golden years with peace of mind and the assurance that they will be cared for throughout their journey.
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Impact
October, 2024
Westminster Village Greenwood Inc significantly enhances the quality of life for seniors in Greenwood, Indiana, by providing a comprehensive range of living and healthcare options. The facility features 179 independent-living apartments and 76 independent-living cottages, creating an environment that fosters community and independence. For those needing additional support, it offers 45 assisted-living apartments, ensuring that residents can receive the necessary care while maintaining a sense of autonomy.
Moreover, the 131-bed healthcare center addresses the diverse needs of residents by delivering skilled and immediate care, thus positioning Westminster Village as a vital resource in the region for both long-term living and short-term rehabilitation. The organization champions benevolent care, demonstrating a commitment to its residents' well-being by subsidizing healthcare costs for individuals who may outlive their financial resources. This model not only alleviates financial stress for families but also ensures that all residents, regardless of their financial situation, receive compassionate care throughout their lives.
By integrating diverse housing and care services, Westminster Village Greenwood Inc promotes dignity, independence, and social interaction among seniors, ultimately fostering a supportive and enriching community for aging individuals.
This information is meant to be a general summary of Westminster Village Greenwood 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: $358,487
- Program Service Revenue: $28,207,074
- Gross Receipts: $33,336,422
Assets and Liabilities:
- Total Assets: $60,602,429
- Total Liabilities: $54,383,767
- Net Assets: $6,218,662
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT SERVICES REVENUE
Revenue
$17,866,557
NET PATIENT AND RESIDENT SERVICE
Revenue
$7,152,326
LIFE OCCUPANCY FEES
Revenue
$2,735,526
RESIDENT SERVICES
Revenue
$282,980
RENTAL FEES
Revenue
$169,685
Organization Details
Founding Year
1981
Phone
(317) 881-2591Principal Officer
Jordan Morrow
Main Address
295 VILLAGE LANE, GREENWOOD, IN, 46143
NTEE Category
Code: P750 - Human services
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