Overview
What is Cottage Grove Place?
Cottage Grove Place is a nonprofit retirement facility located at 2115 First Avenue SE, Cedar Rapids, IA, 52402. With a total of 279 employees, the organization provides housing and healthcare services to its residents through the operation of a Continuing Care Retirement Community (CCRC). The facility comprises 183 independent living units, 43 assisted living units, 18 assisted living memory care units, 52 nursing care beds, and 12 special care units. Approximately six in ten of these units were occupied at the end of the year. Cottage Grove Place aims to enhance the lives of its residents by offering a range of housing options and related healthcare services.
Official website here: www.cottagegroveplace.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Cottage Grove Place has received a Three-Star rating from Charity Navigator, reflecting a score of 81% primarily based on its Accountability & Finance metrics. The high accountability score indicates that the organization demonstrates strong practices in financial management and transparency, with all board members being independent and a comprehensive set of governance policies in place.
The organization excels in several areas, including maintaining an independent board, having fully audited financial statements, and ensuring there are no material diversions of assets. Their program expense ratio is commendable, indicating that a significant portion of their expenses is directed towards their programs, which is a positive sign for donors interested in the impact of their contributions.
However, a notable limitation is the liabilities to assets ratio, which stands at 107.61%. This suggests that the organization's liabilities exceed its assets, which may raise concerns about financial sustainability. Overall, while Cottage Grove Place demonstrates strong governance and financial practices, potential donors should consider this liability aspect in their decision-making.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Cottage Grove Place?
86% of 17 reviewers on Facebook recommend Cottage Grove Place. Here is a summary of their reviews:
Many reviewers highlight the compassionate care provided by the staff, emphasizing a strong commitment to the well-being of patients and their families. The supportive environment is evident, with comments praising the joy and dedication of the team. This positive atmosphere is noted as being felt throughout the facility, assuring families that their loved ones are in capable hands.
Overall, individuals feel confident in the quality of service and care offered at Cottage Grove Place, reinforcing the organization’s reputation for delivering a nurturing and professional experience.
This AI summary has been generated from reviews found on Facebook.
Is Cottage Grove Place legitimate?
Cottage Grove Place is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cottage Grove Place 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: $260,742
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,113,443
For more financial information, click here
Official website here: www.cottagegroveplace.com
What is the mission statement of Cottage Grove Place?
Cottage Grove Place is dedicated to offering housing, healthcare, and related services to its residents through the operation of a retirement facility. The mission of this organization is to provide a comprehensive living solution for seniors, encompassing both independent and assisted living options, as well as memory care, nursing care, and special care units. Approximately six in ten of the available units were occupied at year's end, accommodating a significant number of seniors in need of these essential services. The retirement facility strives to enhance the quality of life for its residents by addressing their housing, healthcare, and related needs within a single community.
Official website here: www.cottagegroveplace.com
Who is the CEO of Cottage Grove Place?
David Snyder is the Chairman of Cottage Grove Place.
Official website here: www.cottagegroveplace.com
What is the revenue of Cottage Grove Place?
Cottage Grove Place's revenue in 2022 was $16,665,805.
Official website here: www.cottagegroveplace.com
Who are the executives of Cottage Grove Place and what are their salaries?
The average compensation at Cottage Grove Place during 2022 was $19,262. There are 279 employees and 12 volunteers at Cottage Grove Place.
Here are 14 key members and their salaries:
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- Compensation: $161,552
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- Other: $10,192
- Compensation: $79,930
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- Other: $9,068
Official website here: www.cottagegroveplace.com
Where can I find the form 990 for Cottage Grove Place?
Cottage Grove Place's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cottagegroveplace.com
Learn more at the official website: www.cottagegroveplace.com
Mission Statement of Cottage Grove Place
Cottage Grove Place, a renowned retirement facility, is dedicated to providing housing, healthcare, and related services to its residents. The organization's mission is threefold: to offer a living environment that caters to the needs of elderly individuals, to ensure access to essential healthcare services, and to deliver additional related services that enhance the quality of life for its residents.
Cottage Grove Place operates with a commitment to accommodating a diverse range of needs. It houses 183 independent living units, 43 assisted living units, 18 memory care assisted living units, 52 nursing care beds, and 12 special care units. Approximately six out of ten of these units were occupied at the end of the year, highlighting the facility's ability to cater to a substantial number of individuals.
Cottage Grove Place goes beyond the basics of housing and healthcare. It offers a comprehensive living experience to its residents, ensuring they have access to the care and support they require to thrive. The facility's services are tailored to meet various needs, from independent living for those who require minimal assistance, to assisted living for those who may need additional support, and round-the-clock nursing care for those with more complex health concerns. By providing a wide range of housing options and care services under one roof, Cottage Grove Place is able to create an inclusive and supportive community for its residents.
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Impact
October, 2024
Cottage Grove Place plays a crucial role in the Cedar Rapids community by providing essential housing and health care services to seniors through its Continuing Care Retirement Community (CCRC) facility. With a diverse range of accommodations, including 183 independent living units, 43 assisted living units, 18 assisted living memory care units, 52 nursing care beds, and 12 special care units, it caters to the varying needs of elderly residents.
Occupying about 59% of its units, Cottage Grove Place not only offers a safe and supportive environment but also enhances the quality of life for its residents. The facility fosters a sense of community and belonging, while ensuring that individuals have access to necessary health care and related services. This multifaceted approach significantly alleviates the pressures often faced by families in caring for aging loved ones, allowing for peace of mind and support within a nurturing environment. Through its comprehensive services, Cottage Grove Place substantially impacts the well-being of seniors, promoting dignity and independence throughout their later years.
This information is meant to be a general summary of Cottage Grove Place. 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: -$7,757
- Program Service Revenue: $15,411,197
- Gross Receipts: $16,675,100
Assets and Liabilities:
- Total Assets: $57,553,702
- Total Liabilities: $61,934,201
- Net Assets: -$4,380,499
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$13,063,660
ENTRANCE FEES & AMORTIZATION
Revenue
$2,345,233
SALON RENT
Revenue
$2,304
Organization Details
Founding Year
1992
Phone
(319) 363-2420Principal Officer
David Snyder
Main Address
2115 FIRST AVENUE SE, CEDAR RAPIDS, IA, 52402
Website
www.cottagegroveplace.comNTEE Category
Code: P750 - Human services
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