Overview
What is Capitol Lakes Inc?
Capitol Lakes Inc is a Madison, Wisconsin-based nonprofit community dedicated to enhancing the quality of life for the elderly through a continuum of care services. They offer housing, nutritious meals, nursing, housekeeping, maintenance, and other forms of support for residents, catering to various levels of assistance including independent living, assisted living, and skilled nursing. The mission of Capitol Lakes aims to provide care and housing for the elderly, fostering a vibrant community where residents thrive. With a team of over 400 employees, they ensure the well-being and enrichment of the lives of those they serve.
Official website here: www.retirement.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Capitol Lakes Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid performance primarily in the Accountability & Finance category. With a score of 81%, the organization demonstrates a strong commitment to financial transparency, evidenced by full points in several key areas such as the composition of its independent board and the presence of essential governance policies like conflict of interest and whistleblower protections.
The nonprofit boasts an impressive program expense ratio of over 81%, indicating that a significant portion of its expenses directly supports its mission. Additionally, it has successfully avoided any material diversion of assets, reinforcing its reputation for fiscal responsibility. The organization has also been diligent in maintaining proper documentation of board meeting minutes and financial statements.
However, a notable concern arises from its liabilities to assets ratio, which stands at 215.32%, resulting in a zero score in that area. This suggests that the organization may have a higher level of liabilities compared to its assets, which could pose potential financial risks. Overall, while Capitol Lakes Inc shows strong governance and accountability practices, it should address its financial health to improve its standing further.
This AI summary has been generated from information found on Charity Navigator.
Is Capitol Lakes Inc legitimate?
Capitol Lakes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capitol Lakes 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: $291,902
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,887,704
For more financial information, click here
Official website here: www.retirement.org
What is the mission statement of Capitol Lakes Inc?
Capitol Lakes Inc is a vibrant continuing care retirement community, dedicated to enriching the lives of elderly residents. The organization provides high-quality services, including housing, nutritious meals, nursing, housekeeping, maintenance, and other forms of support. Capitol Lakes offers various levels of care, catering to residents' evolving needs, from independent living to assisted living and skilled nursing. Their mission is to create a stimulating and secure environment where older adults can enjoy an improved quality of life. They are committed to providing excellent services and enhancing the overall well-being of the individuals they serve.
Official website here: www.retirement.org
Who is the CEO of Capitol Lakes Inc?
Sue Center is the Chair of Capitol Lakes Inc.
Official website here: www.retirement.org
What is the revenue of Capitol Lakes Inc?
Capitol Lakes Inc's revenue in 2022 was $33,889,765.
Official website here: www.retirement.org
Who are the executives of Capitol Lakes Inc and what are their salaries?
The average compensation at Capitol Lakes Inc during 2022 was $23,294. There are 437 employees and 15 volunteers at Capitol Lakes Inc.
Here are 11 key members and their salaries:
- Compensation: $256,859
- Related: $0
- Other: $43,313
- Compensation: $152,109
- Related: $0
- Other: $17,302
- Compensation: $116,291
- Related: $0
- Other: $26,361
- Compensation: $129,725
- Related: $0
- Other: $10,618
- Compensation: $106,324
- Related: $0
- Other: $25,179
- 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
Official website here: www.retirement.org
Where can I find the form 990 for Capitol Lakes Inc?
Capitol Lakes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.retirement.org
Learn more at the official website: www.retirement.org
Mission Statement of Capitol Lakes Inc
Capitol Lakes Inc, a leading continuing care retirement community, is dedicated to enriching the lives of the elderly with high-quality services. Committed to creating a stimulating and secure environment, this vibrant organization provides housing, nutritious meals, nursing, housekeeping, maintenance, and other essential support to its residents.
Capitalizing on their mission to provide care and housing for the elderly, Capitol Lakes goes above and beyond to offer a continuum of care that includes independent living, assisted living, and skilled nursing. By catering to various stages of senior living, the community ensures that their residents receive the appropriate level of support as their needs change.
Capitol Lakes' primary focus is on enhancing the quality of life for each resident. With a commitment to excellence, they deliver services that not only address the basic needs of their elderly population but also help to maintain their overall wellbeing. The community's caring team focuses on enabling its residents to live their best lives, fostering a sense of independence, and ensuring their peace of mind.
In essence, Capitol Lakes Inc is more than just a retirement community. It is a place where the elderly can thrive in a nurturing and supportive environment. By providing a wide range of services and catering to diverse needs, this community creates an atmosphere that fosters growth and independence, allowing its residents to age gracefully and enjoy their golden years to the fullest.
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Impact
October, 2024
Capitol Lakes Inc plays a significant role in enhancing the quality of life for the elderly by providing a comprehensive range of services in a secure and stimulating environment. As a continuing care retirement community, it offers various levels of care, including independent living, assisted living, and skilled nursing, ensuring that residents receive the support they need at different stages of life.
The organization focuses on delivering high-quality services that encompass housing, nutritious meals, nursing care, housekeeping, and maintenance. This holistic approach not only addresses the physical needs of the residents but also fosters their emotional and social well-being, creating a vibrant community atmosphere. By prioritizing the enrichment of residents' lives, Capitol Lakes Inc contributes to a dignified, fulfilling, and active lifestyle for the elderly in Madison, WI.
This information is meant to be a general summary of Capitol Lakes 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: $58,041
- Program Service Revenue: $21,524,631
- Gross Receipts: $33,924,740
Assets and Liabilities:
- Total Assets: $43,546,740
- Total Liabilities: $93,765,208
- Net Assets: -$50,218,468
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$11,773,958
HEALTH CENTER
Revenue
$7,337,131
ENTRANCE FEES
Revenue
$1,552,260
HOME CARE
Revenue
$281,811
DIETARY
Revenue
$178,939
Organization Details
Founding Year
1990
Phone
(888) 724-6424Principal Officer
Sue Center
Main Address
333 WEST MAIN STREET, MADISON, WI, 53703
Website
www.retirement.orgNTEE Category
Code: P750 - Human services
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