Overview
What is Redbanks Colonial Terrace Inc?
Redbanks Colonial Terrace Inc is a nonprofit organization located at 142 Roger Powell Road, Sebree, Kentucky. They operate as a nursing facility, providing short-term rehabilitation, daily activities, and specialized therapies including physical, occupational, and speech therapy for their residents. The facility has 87 beds and a dedicated staff of 74 employees, serving an average of 59 patients at a time. Their mission is to serve the community and offer quality care services, housing, and independence to seniors, upholding their dignity and freedom of choice. With a total of 105 employees, Redbanks Colonial Terrace Inc remains committed to maintaining the highest livable standard for its elderly residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars)
Redbanks Colonial Terrace Inc has received a two-star rating from Charity Navigator, indicating that the organization faces several challenges in its operations. While it has a relatively high program expense ratio of 90.41%, demonstrating a strong commitment to its mission, the organization struggles with financial transparency, as evidenced by its lack of independent financial statements. This raises concerns about its financial practices and overall accountability.
The board structure of Redbanks is a positive aspect, featuring 100% independent members and a well-defined governance framework, including conflict of interest and whistleblower policies. However, despite this strong governance structure, the high liabilities to assets ratio of 132.09% suggests potential financial instability, which could impact its long-term sustainability and effectiveness in delivering programs.
Overall, while Redbanks Colonial Terrace Inc shows strengths in program spending and governance, it must address its financial reporting issues to improve transparency and build trust with donors and stakeholders. The current rating serves as a reminder for the organization to strengthen its financial practices and enhance its accountability measures.
This AI summary has been generated from information found on Charity Navigator.
Is Redbanks Colonial Terrace Inc legitimate?
Redbanks Colonial Terrace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Redbanks Colonial Terrace 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: $16,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,373,020
For more financial information, click here
What is the mission statement of Redbanks Colonial Terrace Inc?
Redbanks Colonial Terrace Inc, a nursing facility for the elderly with 87 beds, is dedicated to serving the community. Their mission involves providing high-quality care services and housing for seniors, while also upholding their dignity, freedom of choice, and the independence needed to maintain the highest level of lifestyle possible. The facility's staff of 74 employees strives daily to ensure an average of 59 patients receive the best care.
Who is the CEO of Redbanks Colonial Terrace Inc?
Tim Williams is the Director of Redbanks Colonial Terrace Inc.
What is the revenue of Redbanks Colonial Terrace Inc?
Redbanks Colonial Terrace Inc's revenue in 2023 was $4,666,668.
Who are the executives of Redbanks Colonial Terrace Inc and what are their salaries?
The average compensation at Redbanks Colonial Terrace Inc during 2023 was $22,760. There are 105 employees and 8 volunteers at Redbanks Colonial Terrace Inc.
Here are 6 key members and their salaries:
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $1,750
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
Where can I find the form 990 for Redbanks Colonial Terrace Inc?
Redbanks Colonial Terrace Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Redbanks Colonial Terrace Inc
Redbanks Colonial Terrace Inc, a nursing facility for the aged, is committed to serving the community with dedication. Their mission is twofold: firstly, they aim to provide top-notch care services and housing for seniors. This involves ensuring the seniors under their care maintain a high level of independence and dignity. Secondly, Redbanks Colonial Terrace Inc upholds the freedom of choice for their patients, allowing them to live as independently as possible within the facility's confines. This commitment to quality care and respect for individual autonomy is a daily endeavor for the organization, striving to provide the elderly with the best possible lifestyle.
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Impact
July, 2024
Redbanks Colonial Terrace Inc, located in Sebree, KY, operates as a home-like nursing facility catering to the aged population. With a capacity of 87 beds and a dedicated staff of 74 employees, they provide a range of services including short-term rehabilitation, daily activities, physical therapy, occupational therapy, and speech therapy to their residents. The facility's mission revolves around being an outreach to the community while striving to offer quality care services and housing for seniors. By upholding individual dignity, freedom of choice, and promoting independence, Redbanks Colonial Terrace Inc makes a significant impact on the health and well-being of older adults in the area.
This information is meant to be a general summary of Redbanks Colonial Terrace 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 2023.
- Investment Income: -$1,889
- Program Service Revenue: $4,666,259
- Gross Receipts: $4,669,550
Assets and Liabilities:
- Total Assets: $5,818,957
- Total Liabilities: $7,686,597
- Net Assets: -$1,867,640
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BED INCOME
Revenue
$4,396,438
ANCILLARY INCOME
Revenue
$165,704
BEAUTY/BARBER INCOME
Revenue
$1,810
MEAL INCOME
Revenue
$2,087
MISCELLANEOUS INCOME
Revenue
$100,220
Organization Details
Founding Year
2011
Phone
(270) 826-6436Principal Officer
Tim Williams
Main Address
142 ROGER POWELL ROAD, SEBREE, KY, 424552115
NTEE Category
Code: E91 - Health
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