Overview
What is Lantern Hill Inc?
Lantern Hill Inc is a New Providence, New Jersey-based nonprofit organization dedicated to providing a home for seniors, addressing their essential needs. With 545 employees, the organization offers a range of services to its 480 independent living unit residents, 42 assisted living unit residents, and 40 skilled nursing bed occupants. These services encompass housing, food, medical care, security, maintenance, recreational activities, and pastoral care. Lantern Hill, Inc. values belonging, peace of mind, love, and acceptance, creating a warm and inclusive environment for senior citizens. As part of the National Senior Communities Enterprise, the organization leverages its strong financial foundation and governance to provide unparalleled value and opportunities for seniors and those who support them.
Official website here: www.nationalseniorcampuses.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Lantern Hill Inc has earned a Three-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance. The organization scores particularly well in areas such as having an independent board and maintaining transparency through various policies like conflict of interest and whistleblower policies. The organization demonstrates a high program expense ratio of 88.16%, indicating that a significant portion of its funds directly supports its programs.
The board's composition is notably strong, with 66% of its members being independent, which enhances governance and oversight. The financial oversight mechanisms are robust, as evidenced by the positive scores in audit and oversight metrics. The organization has shown no material diversion of assets, further reinforcing its reliability and commitment to ethical fundraising practices.
However, while the financial health indicators are promising, potential donors may want to consider the high salaries of key personnel, which could raise questions about resource allocation. Overall, Lantern Hill Inc demonstrates a commitment to accountability and effective program delivery, making it a viable option for those looking to support nonprofit initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Lantern Hill Inc legitimate?
Lantern Hill Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lantern Hill 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: $384,298
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,237,315
For more financial information, click here
Official website here: www.nationalseniorcampuses.org
What is the mission statement of Lantern Hill Inc?
Lantern Hill Inc is dedicated to fulfilling the primary needs of seniors by providing them with a sense of belonging, peace of mind, love, and acceptance. The mission statement of Lantern Hill Inc celebrates aging and values every life it touches. Grounded in inclusion, innovation, and advocacy, the organization leverages its strong financial foundation and governance to create unparalleled value and opportunities for seniors and those who support them. As part of the National Senior Communities Enterprise, Lantern Hill Inc strives to make a positive impact on the lives of seniors.
Official website here: www.nationalseniorcampuses.org
Who is the CEO of Lantern Hill Inc?
Arnie Speert is the Principal Officer of Lantern Hill Inc.
Official website here: www.nationalseniorcampuses.org
What is the revenue of Lantern Hill Inc?
Lantern Hill Inc's revenue in 2022 was $54,016,716.
Official website here: www.nationalseniorcampuses.org
Who are the executives of Lantern Hill Inc and what are their salaries?
The average compensation at Lantern Hill Inc during 2022 was $24,994. There are 545 employees and 106 volunteers at Lantern Hill Inc.
Here are 27 key members and their salaries:
- Compensation: $0
- Related: $37,500
- Other: $0
- Compensation: $0
- Related: $38,125
- Other: $0
- Compensation: $0
- Related: $87,500
- Other: $0
- Compensation: $0
- Related: $110,000
- Other: $0
- Compensation: $0
- Related: $150,000
- Other: $0
- Compensation: $0
- Related: $161,875
- Other: $0
- Compensation: $0
- Related: $187,500
- Other: $0
- Compensation: $0
- Related: $134,315
- Other: $0
- Compensation: $0
- Related: $100,000
- Other: $0
- Compensation: $0
- Related: $90,000
- Other: $0
- Compensation: $0
- Related: $76,833
- Other: $0
- Compensation: $0
- Related: $76,833
- Other: $0
- Compensation: $0
- Related: $76,833
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $263,443
- Related: $0
- Other: $18,100
- Compensation: $97,569
- Related: $0
- Other: $5,186
- Compensation: $137,153
- Related: $0
- Other: $14,578
- Compensation: $117,438
- Related: $0
- Other: $345
- Compensation: $110,832
- Related: $0
- Other: $13,392
- Compensation: $110,028
- Related: $0
- Other: $3,298
- Compensation: $107,716
- Related: $0
- Other: $87
- Compensation: $0
- Related: $135,625
- Other: $0
Official website here: www.nationalseniorcampuses.org
Where can I find the form 990 for Lantern Hill Inc?
Lantern Hill Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nationalseniorcampuses.org
Learn more at the official website: www.nationalseniorcampuses.org
Mission Statement of Lantern Hill Inc
Lantern Hill Inc, a renowned nonprofit organization, is dedicated to ensuring that seniors have a place to call home where their primary needs are met. This mission is grounded in the belief that home signifies belonging, peace of mind, love, and acceptance. Lantern Hill celebrates aging, fostering an environment built on inclusion, innovation, and advocacy. By doing so, it creates unparalleled value and opportunities for every life it touches. As a distinguished member of the National Senior Communities Enterprise, Lantern Hill leverages its strong financial foundation and robust governance to benefit seniors and those who support them.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Lantern Hill Inc. significantly impacts the lives of senior residents by providing a home that addresses their essential needs for belonging, safety, and care. Catering to a diverse community, it operates 438 independent living units, 42 assisted living units, and 40 skilled nursing beds, ensuring that seniors have access to appropriate levels of support as they age.
The organization offers a comprehensive range of services, including housing, nutritious meals, medical care, security, and maintenance, creating a nurturing environment where seniors can thrive. Additionally, Lantern Hill enriches residents' lives through recreational and pastoral activities, fostering a sense of community and connection. With a mission centered on acceptance and peace of mind, Lantern Hill champions a vision that celebrates aging, promoting inclusion, innovation, and advocacy to enhance the quality of life for every individual it serves. Its strong financial foundation and governance further empower Lantern Hill to create unparalleled value and opportunities for seniors and their families in New Providence, NJ.
This information is meant to be a general summary of Lantern Hill 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: $11,775,321
- Program Service Revenue: $41,251,946
- Gross Receipts: $54,058,238
Assets and Liabilities:
- Total Assets: $474,235,915
- Total Liabilities: $505,727,998
- Net Assets: -$31,492,083
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT FEES
Revenue
$36,153,677
RESIDENT DEPOSITS
Revenue
$4,344,518
ANCILLARY FEES
Revenue
$742,801
PROCESSING FEES
Revenue
$10,950
Organization Details
Founding Year
2013
Phone
(908) 219-6702Principal Officer
Arnie Speert
Main Address
535 MOUNTAIN AVENUE, NEW PROVIDENCE, NJ, 07974
NTEE Category
Code: L22 - Housing
If you are a representative of Lantern Hill Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.