Overview
What is Southfield Village Inc?
Southfield Village Inc, located in South Bend, Indiana, is a nonprofit organization that offers continuing care retirement community (CCRC) services to 110 residents on a 19-acre campus. Their services encompass independent living, assisted living, and skilled nursing care. For independent living residents, a life-lease entry fee is required to occupy the residence, while monthly service fees cover provided services. Assisted living and skilled nursing residents pay corresponding monthly or daily fees for rendered services, with some additional incidental fees. Southfield Village is committed to supporting residents who do not misuse their assets, potentially offering assistance if their assets deplete. Over 32% of their total revenue is allocated to community benefits, primarily indigent care and charity care, amounting to $1,666,659 in FYE June 30, 2022. Southfield Village strives to create a vibrant living community that embraces the various aspects of aging, emphasizing service excellence, compassionate care, and Christ-like values.
Official website here: www.southfieldvillage.org
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 81% (Three-Star out of Four Stars )**ar Rating)**
Southfield Village Inc has received an 81% rating from Charity Navigator, indicating a fair level of accountability and financial health, primarily derived from its strong governance practices. The organization boasts 100% independent board members, a well-maintained audit and oversight committee, and a clear conflict of interest policy. However, its liabilities to assets ratio is concerning at 106.33%, which highlights a potential financial risk that could be addressed.
While the overall scoring emphasizes financial integrity, it's important to note that dimensions such as leadership, community culture, and impact measurement have not been evaluated, which could provide a more rounded view of the organization’s efficacy. The organization is recognized for having a high program expense ratio at 84.10%, suggesting that a significant portion of its resources is directed toward its mission-driven activities.
User reviews from GreatNonprofits were not available for this summary, limiting insights into public perception or personal testimonials. Overall, while Southfield Village Inc demonstrates strong accountability, stakeholders may benefit from a closer look at the organization’s long-term financial strategies and community impact.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Southfield Village Inc?
94% of 35 reviewers on Facebook recommend Southfield Village Inc. Here's a summary of their thoughts:
Many individuals express a strong sense of community and support within the organization. One reviewer highlighted the compassion and warmth received during a difficult personal time, illustrating the genuine care among coworkers and residents.
Overall, it seems that Southfield Village Inc. successfully creates an environment where people feel valued and supported, making it a highly recommended choice by those who have experienced its services.
This AI summary has been generated from reviews found on Facebook.
Is Southfield Village Inc legitimate?
Southfield Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southfield Village 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
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Other Salaries and Wages: $2,721,558
For more financial information, click here
Official website here: www.southfieldvillage.org
What is the mission statement of Southfield Village Inc?
Southfield Village Inc strives to establish a vibrant living community that embraces the creativity, contributions, and challenges of aging for all, grounded in service excellence, compassionate care, and Christ-like values. This non-profit organization operates as a Continuing Care Retirement Community (CCRC), providing services to 110 residents on a 19-acre campus. Southfield Village offers a range of services, including assisted living and skilled nursing care. The community caters to independent living residents who pay a life-lease entry fee and a monthly service fee for rendered services. Assisted living and skilled nursing residents, on the other hand, pay a monthly or daily fee for their care. Additionally, the organization provides some a la carte fees for incidentals and supplies. Southfield Village extends support to eligible residents whose assets deplete, ensuring they continue to receive care. The organization dedicates over 32% of its total revenues to community benefits, with a significant portion allocated to indigent care or charity care.
Official website here: www.southfieldvillage.org
Who is the CEO of Southfield Village Inc?
Joe Doran is the Principal Officer of Southfield Village Inc.
Official website here: www.southfieldvillage.org
What is the revenue of Southfield Village Inc?
Southfield Village Inc's revenue in 2022 was $9,975,610.
Official website here: www.southfieldvillage.org
Who are the executives of Southfield Village Inc and what are their salaries?
The average compensation at Southfield Village Inc during 2022 was $18,265. There are 149 employees and 20 volunteers at Southfield Village Inc.
Here are 15 key members and their salaries:
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- Other: $24,912
Official website here: www.southfieldvillage.org
Where can I find the form 990 for Southfield Village Inc?
Southfield Village Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southfieldvillage.org
Learn more at the official website: www.southfieldvillage.org
Mission Statement of Southfield Village Inc
Southfield Village Inc, a non-profit community benefit corporation, is dedicated to creating a vibrant living community that embraces the creativity, contributions, and challenges of aging. Grounded in service excellence, compassionate care, and Christ-like values, Southfield Village strives to provide a dynamic environment that caters to the unique needs of its residents. The organization offers Continuing Care Retirement Community (CCRC) services, including assisted living and skilled nursing care, to a diverse group of 110 residents on a 19-acre campus.
The mission of Southfield Village Inc is multifaceted. It aims to foster an environment that promotes the well-being of its residents, allowing them to thrive in their golden years. The organization achieves this by providing a range of services tailored to individual needs, from independent living to skilled nursing care. Residents pay a monthly service fee for the services they receive, with independent living residents also paying a one-time life-lease entry fee to occupy their residence.
In times of financial hardship, Southfield Village extends support to its residents. Over 32% of its total revenues are allocated to community benefits, including indigent care or charity care. In fiscal year ending June 30, 2022, Southfield Village provided charity care amounting to $1,666,659, demonstrating its commitment to ensuring that no resident is left without necessary care due to financial constraints. This mission of compassionate care and service excellence is at the heart of Southfield Village Inc's approach to retirement living, creating a community that embraces aging with dignity and respect.
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Impact
October, 2024
Southfield Village Inc. significantly impacts the South Bend community by providing affordable and supportive living options for older adults. It offers a range of services, including independent living, assisted living, and skilled nursing care, catering to the diverse needs of its residents. Covering a 19-acre campus, Southfield Village fosters a vibrant and engaging environment that promotes the well-being and dignity of its residents.
The organization plays a vital role in enhancing the quality of life for seniors, ensuring they have access to necessary healthcare and support as they age. In particular, Southfield Village is committed to assisting individuals who may not have the financial means to afford care, as demonstrated by their charity care program, which amounted to $1,666,659 for the fiscal year ending June 30, 2022.
By allocating over 32% of its total revenues towards community benefits, Southfield Village actively addresses the needs of those who require assistance, ensuring that support is available to those who might otherwise fall through the cracks. Through its mission of service excellence, compassionate care, and commitment to the values of community, Southfield Village Inc. serves as a cornerstone for senior living in South Bend, enriching the lives of its residents and contributing to the social fabric of the region.
This information is meant to be a general summary of Southfield Village 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: $31,401
- Program Service Revenue: $9,724,780
- Gross Receipts: $9,986,523
Assets and Liabilities:
- Total Assets: $16,596,243
- Total Liabilities: $16,643,649
- Net Assets: -$47,406
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$9,724,780
Organization Details
Founding Year
1991
Phone
(574) 231-1000Principal Officer
Joe Doran
Main Address
6450 MIAMI CIRCLE, SOUTH BEND, IN, 46614
Website
www.southfieldvillage.orgNTEE Category
Code: P750 - Human services
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