Overview
What is Fairhaven Christian Retirement Center?
Fairhaven Christian Retirement Center is a nonprofit organization located at 3470 N Alpine Road, Rockford, Illinois, 61114. The center operates a nursing care facility with a capacity of 96 beds, dedicated to enhancing the quality of life of the elderly population in a way that honors God. With a workforce of 351 employees, they provide comfortable living arrangements and exceptional care to their residents. The mission of Fairhaven Christian Retirement Center is to create an environment tailored to the comfort, convenience, and safety of the elderly, ensuring their needs are met with compassion and dignity.
Official website here: www.fairhaven.cc
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Fairhaven Christian Retirement Center holds a Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial transparency. The charity’s impressive score is based entirely on its Accountability & Finance metrics, showcasing a dedication to maintaining high standards in these areas.
The organization demonstrates exceptional governance with an entirely independent board of directors and effective oversight, as evidenced by its perfect scores in various metrics such as financial statements and conflict of interest policies. Additionally, its program expense ratio of 90.80% indicates that a significant portion of funds is directed towards its programs rather than administrative costs, reflecting a focus on fulfilling its mission.
While the organization excels in many areas, its liabilities to assets ratio of 52.32% suggests that more than half of its assets are encumbered by liabilities, which could be a point of concern for long-term financial stability. Overall, Fairhaven Christian Retirement Center appears to be a well-managed nonprofit that prioritizes accountability and service to its community.
This AI summary has been generated from information found on Charity Navigator.
Is Fairhaven Christian Retirement Center legitimate?
Fairhaven Christian Retirement Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairhaven Christian Retirement Center 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: $290,520
Professional Fundraising Fees: $52,200
Other Salaries and Wages: $8,560,767
For more financial information, click here
Official website here: www.fairhaven.cc
What is the mission statement of Fairhaven Christian Retirement Center?
Fairhaven Christian Retirement Center aims to provide a comfortable lifestyle and exceptional care that enhances the quality of life for the elderly in a manner that glorifies God. The center is designed and equipped specifically for the comfort, convenience, and safety of the elderly inhabitants. It runs a 96-bed nursing care facility where elders receive attentive care. The mission of the center goes beyond basic care; it is an ethos that permeates every aspect of the institution, striving to make a difference in the lives of its residents. The center's commitment to its mission ensures that the elderly population enjoys a high standard of living and receives the care they deserve.
Official website here: www.fairhaven.cc
Who is the CEO of Fairhaven Christian Retirement Center?
Keith Pennington is the President of Fairhaven Christian Retirement Center.
Official website here: www.fairhaven.cc
What is the revenue of Fairhaven Christian Retirement Center?
Fairhaven Christian Retirement Center's revenue in 2022 was $15,646,998.
Official website here: www.fairhaven.cc
Who are the executives of Fairhaven Christian Retirement Center and what are their salaries?
The average compensation at Fairhaven Christian Retirement Center during 2022 was $25,217. There are 351 employees and 63 volunteers at Fairhaven Christian Retirement Center.
Here are 19 key members and their salaries:
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Official website here: www.fairhaven.cc
Where can I find the form 990 for Fairhaven Christian Retirement Center?
Fairhaven Christian Retirement Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fairhaven.cc
Learn more at the official website: www.fairhaven.cc
Mission Statement of Fairhaven Christian Retirement Center
Fairhaven Christian Retirement Center, a faith-based organization, is dedicated to enhancing the quality of life for the elderly in a way that honors God. The center, designed with their comfort, convenience, and safety in mind, offers a nurturing environment that goes beyond the basics of care.
At the heart of Fairhaven Christian Retirement Center's mission lies the operation of a 96-bed nursing care facility. This facility focuses on providing exceptional care for its residents, ensuring their physical and emotional wellbeing. The staff at the center are committed to treating each resident with respect, dignity, and compassion, fostering a community where they feel at home. The care provided is comprehensive, addressing the unique needs of each individual.
Fairhaven Christian Retirement Center goes beyond the provision of basic care to create a lifestyle that brings joy and comfort to its residents. The center's mission to glorify God through its work is reflected in every aspect of its operations. This mission is carried out by the dedicated team who work tirelessly to ensure the physical, emotional, and spiritual needs of the elderly are met. By providing a comfortable and safe living environment, Fairhaven Christian Retirement Center empowers its residents to live their best lives, surrounded by the love and care they deserve.
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Impact
October, 2024
Fairhaven Christian Retirement Center significantly enhances the lives of elderly individuals in Rockford, IL, by providing a comfortable lifestyle and exceptional care within a specially designed environment. The center operates a 96-bed nursing care facility that prioritizes the comfort, convenience, and safety of its residents. Its dedicated mission focuses on improving quality of life, ensuring that each individual receives the attention and support they need. By fostering a caring atmosphere that glorifies God, Fairhaven not only meets the physical needs of its residents but also nurtures their emotional and spiritual well-being. This holistic approach contributes to a vibrant community where elderly individuals can thrive in their later years.
This information is meant to be a general summary of Fairhaven Christian Retirement Center. 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: $110,843
- Program Service Revenue: $14,342,603
- Gross Receipts: $15,646,998
Assets and Liabilities:
- Total Assets: $26,813,696
- Total Liabilities: $14,029,406
- Net Assets: $12,784,290
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NURSING CARE REVENUE
Revenue
$6,184,475
INDEPENDENT LIVING REVENUE
Revenue
$5,386,675
SUPPORTIVE CARE REVENUE
Revenue
$2,771,453
Organization Details
Founding Year
1965
Phone
(815) 877-1441Principal Officer
Keith Pennington
Main Address
3470 N ALPINE ROAD, ROCKFORD, IL, 61114
Website
www.fairhaven.ccNTEE Category
Code: L22Z - Housing
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