Overview
What is The Voyage Senior Living?
The Voyage Senior Living is a nonprofit organization situated in Marion, Illinois, specifically at 1500 Sandbar Drive. Their primary mission is to foster the development, establishment, and expansion of assisted living for low-income elderly individuals and other persons in need. In 2021, their operations provided a total of 3,269 days of residential assisted living services, including support and management, to this demographic. With a workforce of 280 employees, The Voyage Senior Living aims to provide a supportive living environment for the elderly, contributing to their well-being and quality of life.
Official website here: www.voyageseniorliving.com
What are the reviews and ratings of this charity?
The Voyage Senior Living has received an 81% score on Charity Navigator, earning it a Three-Star out of Four Star rating. This score reflects its strong accountability and financial health, as evidenced by several perfect scores in governance practices, such as having an independent board and a comprehensive set of policies. The nonprofit shows strength in program expenses, allocating 98.20% of its budget directly to programs.
Despite its strong financial management, The Voyage Senior Living has a high liabilities-to-assets ratio of 107.70%, which can be seen as a financial limitation, as it suggests more liabilities relative to assets. Additionally, the organization has not made its tax form publicly available on its website, which slightly impacts transparency.
Aspects such as impact, measurement, culture, community, leadership, and adaptability are not currently scored, leaving room for further improvement or evaluation in these areas. There are no user reviews available from GreatNonprofits, so direct community feedback is not represented in this summary.
This AI summary has been generated from information found on Charity Navigator.
Is The Voyage Senior Living legitimate?
The Voyage Senior Living is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Voyage Senior Living 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: $351,617
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,576,572
For more financial information, click here
Official website here: www.voyageseniorliving.com
What is the mission statement of The Voyage Senior Living?
The mission of The Voyage Senior Living, as stated, is focused on promoting the development, establishment, and expansion of assisted housing for low-income elderly and other individuals. This organization works towards enabling the creation and expansion of such housing facilities, aiming to provide a living solution for these groups of people. In 2021, The Voyage Senior Living offered residential assisted living services for a total of 3,269 days, catering to low-income housing residents.
Official website here: www.voyageseniorliving.com
Who is the CEO of The Voyage Senior Living?
Sherry Barter Hamlin is the Principal Officer of The Voyage Senior Living.
Official website here: www.voyageseniorliving.com
What is the revenue of The Voyage Senior Living?
The Voyage Senior Living's revenue in 2022 was $11,338,474.
Official website here: www.voyageseniorliving.com
Who are the executives of The Voyage Senior Living and what are their salaries?
The average compensation at The Voyage Senior Living during 2022 was $14,029. There are 280 employees at The Voyage Senior Living.
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- Compensation: $122,231
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- Compensation: $48,416
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- Other: $7,118
- Compensation: $84,509
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- Other: $13,358
Official website here: www.voyageseniorliving.com
Where can I find the form 990 for The Voyage Senior Living?
The Voyage Senior Living's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.voyageseniorliving.com
Learn more at the official website: www.voyageseniorliving.com
Mission Statement of The Voyage Senior Living
The Voyage Senior Living, as an organization, is committed to promoting and developing assisted housing for low-income elderly individuals and other persons. Their mission is to foster the establishment, development, and expansion of such housing, providing a safe and supportive living environment for those in need. In 2021, The Voyage Senior Living's operations saw the provision of residential assisted living to the elderly, amounting to a total of 3,269 days of residency. This includes individuals residing in low-income housing, demonstrating their dedication to making assisted living accessible to a wide range of individuals.
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Impact
October, 2024
The Voyage Senior Living significantly impacts the lives of low-income elderly individuals and others needing assistance through its dedication to developing and expanding assisted housing. By providing essential housing and support services, the organization enhances the quality of life for its residents, ensuring they have access to safe and supportive living environments. In 2021 alone, it facilitated over 3,269 days of residential assisted living, directly addressing the needs of those who may otherwise struggle to find suitable accommodation. Based in Marion, Illinois, The Voyage Senior Living plays a crucial role in the community by promoting dignity, health, and well-being among some of the most vulnerable populations.
This information is meant to be a general summary of The Voyage Senior Living. 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: $8,564
- Program Service Revenue: $11,272,468
- Gross Receipts: $11,338,474
Assets and Liabilities:
- Total Assets: $23,160,482
- Total Liabilities: $24,559,920
- Net Assets: -$1,399,438
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$7,125,014
RENTAL REVENUE
Revenue
$4,004,804
MANAGEMENT FEES
Revenue
$118,050
CORPORATE FEES
Revenue
$24,600
Organization Details
Founding Year
1996
Phone
(618) 993-7533Principal Officer
Sherry Barter Hamlin
Main Address
1500 SANDBAR DRIVE, MARION, IL, 62959
Website
www.voyageseniorliving.comNTEE Category
Code: E91 - Health
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