Overview
What is The Admiral At The Lake?
The Admiral at The Lake is a Chicago-based, non-profit organization and continuing care retirement community, consisting of independent living apartments, assisted living suites, memory care units, and skilled nursing beds. Established in 2012, it provides care and services to over 450 residents aged 62 or better. Despite the financial challenges brought by the COVID-19 pandemic, the organization continued its mission by offering a comprehensive fitness and wellness program, social and recreational activities, and ensuring lifelong contracts for its residents. During the pandemic, the Admiral received funding from the Department of Health and Human Services and provided financial support to residents. The community is committed to enhancing the lives of its residents, staff, and the surrounding neighborhood through various collaborations and volunteer work.
Official website here: https://www.theadmiral.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Admiral At The Lake has received a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health. With an overall score of 81%, the organization demonstrates strong governance practices, particularly with its board composition, which consists of 93% independent members, ensuring effective oversight and decision-making.
In terms of financial management, the charity excels with a program expense ratio of 82.83%, meaning the majority of its funds are directed toward its programs rather than administrative costs. Additionally, it has robust policies in place for conflict of interest, whistleblowing, and document retention, further enhancing its credibility and operational integrity.
However, while the charity shows a commendable level of transparency and responsibility, there may still be room for improvement in diversifying funding sources and increasing its outreach to boost overall impact. Maintaining a strong focus on its mission and community engagement will be crucial for continued success and growth.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Admiral At The Lake?
86% of 17 reviewers on Facebook recommend The Admiral At The Lake. Here is a summary of their reviews:
Many residents express satisfaction with their decision to move to The Admiral, highlighting the vibrant community and the engaging activities available. Reviewers appreciate the opportunity to maintain their active lifestyles while also forming new friendships. The sense of security regarding long-term care is particularly valued, offering peace of mind to both residents and their families.
Overall, the sentiment towards The Admiral At The Lake is positive, with residents feeling enriched by their experiences and reassured about their future care needs. The nonprofit seems to successfully deliver on its promise of a supportive and lively environment.
This AI summary has been generated from reviews found on Facebook.
Is The Admiral At The Lake legitimate?
The Admiral At The Lake is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Admiral At The Lake 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: $389,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,441,783
For more financial information, click here
Official website here: https://www.theadmiral.org/
What is the mission statement of The Admiral At The Lake?
The Admiral At The Lake is dedicated to establishing a thriving community where residents and employees can live authentic and fulfilling lives. This mission extends to anyone interacting with the organization. With a comprehensive range of independent living apartments, assisted living suites, memory care units, and skilled nursing beds, the Admiral offers care and support to over 450 residents. In addition to its healthcare services, the Admiral provides a variety of recreational and social activities, as well as a fitness and wellness program. The organization also offers financial assistance to residents and offers benefits to the surrounding neighborhood and community, such as hosting luncheons for local schools and providing volunteering opportunities. Through its charitable acts and financial support, the Admiral strives to make a positive impact on the lives of its residents and the community at large.
Official website here: https://www.theadmiral.org/
Who is the CEO of The Admiral At The Lake?
Nadia Geigler is the Ceo of The Admiral At The Lake. The CEO's salary of The Admiral At The Lake is $254,258 and their total compensation is $255,862.
Official website here: https://www.theadmiral.org/
What is the revenue of The Admiral At The Lake?
The Admiral At The Lake's revenue in 2021 was $22,487,557.
Official website here: https://www.theadmiral.org/
Who are the executives of The Admiral At The Lake and what are their salaries?
The average compensation at The Admiral At The Lake during 2021 was $31,578. There are 248 employees and 40 volunteers at The Admiral At The Lake.
Here are 24 key members and their salaries (The Admiral At The Lake's CEO's salary is $254,258 and their total compensation is $255,862):
- Compensation: $0
- Related: $623,815
- Other: $130,894
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- Compensation: $254,258
- Related: $0
- Other: $1,604
- Compensation: $122,435
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- Other: $7,763
- Compensation: $3,540
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- Other: $0
- Compensation: $122,422
- Related: $0
- Other: $28,918
- Compensation: $126,188
- Related: $0
- Other: $11,107
- Compensation: $113,026
- Related: $0
- Other: $17,809
- Compensation: $111,689
- Related: $0
- Other: $18,607
- Compensation: $105,206
- Related: $0
- Other: $21,996
Official website here: https://www.theadmiral.org/
Where can I find the form 990 for The Admiral At The Lake?
The Admiral At The Lake's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: https://www.theadmiral.org/
Learn more at the official website: https://www.theadmiral.org/
Mission Statement of The Admiral At The Lake
The Admiral At The Lake is a vibrant non-profit community dedicated to building an environment where residents and employees can lead authentic and fulfilling lives. This mission encompasses anyone who interacts with the organization. The Admiral At The Lake is a continuing care retirement community with independent living apartments, assisted living suites, memory care units, and skilled nursing beds. Despite the challenges brought about by the global pandemic, COVID-19, the community continued to provide essential care and services to over 450 residents in 2021.
The Admiral At The Lake offers a comprehensive range of amenities and programs designed to promote overall well-being. These include a fitness center, indoor heated pool, and 27 weekly fitness classes. A dietitian is available to provide meal and diet counseling, while social and recreational activities cater to various interests. Additionally, residents entering independent living agreements are assured their contracts will not be terminated for insufficient funds. This security allows them to focus on their lives and enjoy the community.
Financially, the Admiral At The Lake received funding from the Department of Health and Human Services (HHS) in 2021 to help combat the higher costs associated with COVID-19 and offset lost revenues. The community also provided significant financial support to residents in need, totaling $189,293. The Admiral and its residents contribute to the surrounding neighborhood and community through various outreach programs. These include providing space for community groups, volunteering hours, and donating resources. The community also supports local schools and organizations, fostering a strong connection between the Admiral and its neighbors.
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Impact
October, 2024
The Admiral At The Lake plays a crucial role in fostering a vibrant community in Chicago. By offering a comprehensive range of living options, including independent living, assisted living, memory care, and skilled nursing, it enables residents to lead fulfilling lives regardless of their health status, while ensuring they are not forced out due to financial difficulties.
The community engagement aspect is significant; The Admiral serves not just its residents but also the surrounding neighborhood. Through numerous initiatives, such as hosting educational events for local students, providing space for community groups, and engaging in volunteering efforts, The Admiral strengthens local bonds and promotes intergenerational relationships. Programs such as tutoring for students and reading sessions for children demonstrate its commitment to fostering connections with younger generations.
Additionally, The Admiral's wellness programs, fitness classes, and nutritional counseling provide residents with opportunities to maintain a healthy lifestyle, enhancing their overall well-being. The availability of subsidized services and support ensures that all residents, regardless of their financial situation, have access to necessary care and amenities.
During challenging times, such as the COVID-19 pandemic, The Admiral adapted to maintain its mission, utilizing federal aid to support residents and staff alike. Its sustained efforts to provide volunteer opportunities and charitable activities further underline its dedication to serving both residents and the broader community. By cultivating a sense of belonging and purpose, The Admiral At The Lake has a substantial impact, enriching lives and contributing positively to Chicago's social fabric.
This information is meant to be a general summary of The Admiral At The Lake. 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 2021.
- Investment Income: $266,397
- Program Service Revenue: $20,556,441
- Gross Receipts: $22,507,786
Assets and Liabilities:
- Total Assets: $137,889,062
- Total Liabilities: $285,881,714
- Net Assets: -$147,992,652
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT FEES FOR SERVICES
Revenue
$10,312,844
HEALTH CENTER FEES
Revenue
$7,829,281
AMORTIZATION OF DEFERRED REVENUE
Revenue
$2,106,310
ADDITIONAL RESIDENT FOOD SERVICES
Revenue
$308,006
Organization Details
Founding Year
1887
Phone
(773) 433-1800Principal Officer
Nadia Geigler
Main Address
929 WEST FOSTER AVE, CHICAGO, IL, 60640
Website
https://www.theadmiral.org/NTEE Category
Code: P75 - Human services
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