Overview
What is Hermitage Capital And Reserve Corporation?
Hermitage Capital and Reserve Corporation is a 509(A)(3) supporting organization established in 2013, with a primary mission to aid Virginia United Methodist Homes, Inc. (doing business as Pinnacle Living) and Virginia United Methodist Homes of Williamsburg, Inc. (doing business as Windsormeade Williamsburg). These organizations are public charities and non-private foundations under sections 501(C)(3) and 509(A) of the Internal Revenue Code. Hermitage Capital and Reserve Corporation's role is to manage and distribute real and personal property to support Pinnacle Living and Windsormeade Williamsburg's purposes. Pinnacle Living, in turn, enriches the lives of seniors living in independent living, assisted living, memory support, and healthcare settings in their communities. Hermitage Capital and Reserve Corporation helps Pinnacle Living to cater to a diverse range of residents through a person-centered focus on their physical, emotional, recreational, social, and religious needs, maintaining a reputation for providing excellent, compassionate support in a faith-based environment for over seven decades.
Official website here: www.pinnacleliving.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (57%)
Hermitage Capital And Reserve Corporation has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The overall score is primarily derived from the Accountability & Finance criteria, where it earned a low score of 57%. The nonprofit has demonstrated strong governance practices, with a board that is composed of 75% independent members and various policies in place, such as conflict of interest and whistleblower protections.
Despite these strengths, the organization faces notable limitations, particularly in financial performance metrics. The program expense ratio is reported at 0.00%, suggesting that no funds have been allocated towards direct programming, which raises questions about the charity's operational focus and impact. Additionally, the liabilities to assets ratio is concerning at 1.56%, indicating potential financial instability.
Overall, while Hermitage Capital And Reserve Corporation has established some solid governance frameworks, its lack of program expenses and low financial ratios contribute to its poor rating. Interested donors and supporters should consider these factors when evaluating the charity's effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Hermitage Capital And Reserve Corporation legitimate?
Hermitage Capital And Reserve Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hermitage Capital And Reserve Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.pinnacleliving.org
What is the mission statement of Hermitage Capital And Reserve Corporation?
Hermitage Capital And Reserve Corporation supports Pinnacle Living and WindsorMeade Williamsburg in their mission to enrich the lives of seniors. This is achieved by providing housing, healthcare, financial security, and related services. The corporation acts as a 509(A)(3) supporting organization, assisting in the accomplishment of the purposes of both Pinnacle Living and WindsorMeade Williamsburg. Pinnacle Living, with a legacy of over 75 years, offers excellent, compassionate support and services in a faith-based environment, serving a diverse range of residents through a person-centered focus. The corporation's support allows Pinnacle Living to provide healthcare services in household and neighborhood settings, including nursing services, assistance with daily living, memory support, and physical therapy.
Official website here: www.pinnacleliving.org
Who is the CEO of Hermitage Capital And Reserve Corporation?
Christopher P Henderson is the President of Hermitage Capital And Reserve Corporation.
Official website here: www.pinnacleliving.org
What is the revenue of Hermitage Capital And Reserve Corporation?
Hermitage Capital And Reserve Corporation's revenue in 2023 was $189,264.
Official website here: www.pinnacleliving.org
Who are the executives of Hermitage Capital And Reserve Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $685,515
- Other: $50,406
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.pinnacleliving.org
Where can I find the form 990 for Hermitage Capital And Reserve Corporation?
Hermitage Capital And Reserve Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pinnacleliving.org
Learn more at the official website: www.pinnacleliving.org
Mission Statement of Hermitage Capital And Reserve Corporation
Hermitage Capital And Reserve Corporation, established in 2013, serves as a supporting organization with a mission to aid Pinnacle Living and WindsorMeade Williamsburg. This mission is centered around enriching the journey of life for seniors by providing housing, healthcare, financial security, and related services. By working in tandem with Hermitage Capital And Reserve Corporation, Pinnacle Living serves a diverse range of residents in their independent living, assisted living, memory support, and healthcare communities. The organization has a rich legacy of over seventy-five years, maintaining a reputation for providing excellent, compassionate support and services in a faith-based environment. Hermitage Capital And Reserve Corporation assists Pinnacle Living in achieving its goal of catering to the physical, emotional, recreational, social, and religious needs of each individual resident. The corporation supports Pinnacle Living in providing healthcare services, from nursing care to memory support, in household and neighborhood settings.
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Impact
October, 2024
Hermitage Capital And Reserve Corporation plays a significant role in supporting the missions of Pinnacle Living and WindsorMeade Williamsburg. Established to manage and distribute resources effectively, it focuses on enhancing the quality of life for seniors through various housing and healthcare services. By providing financial support, the organization enables Pinnacle Living to deliver comprehensive care, which includes a range of services tailored to meet the physical, emotional, social, and recreational needs of its residents.
With a commitment to serving a diverse population, Hermitage Capital And Reserve Corporation ensures that residents in independent living, assisted living, memory support, and healthcare environments receive the attention and care they require. This holistic, person-centered approach is vital in promoting the well-being of seniors and enriching their life experiences.
The organization not only assists directly through the provision of essential resources but also contributes to a broader community impact. By supporting Pinnacle Living's long-standing reputation for compassionate care and faith-based services, Hermitage Capital And Reserve Corporation ultimately strengthens the safety net for older adults, aligning with community values and the essential needs of a growing senior population. This collaboration fosters a supportive ecosystem where aging individuals can thrive, maintaining their dignity and quality of life.
This information is meant to be a general summary of Hermitage Capital And Reserve Corporation. 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: $189,264
- Gross Receipts: $4,494,473
Assets and Liabilities:
- Total Assets: $30,162,892
- Total Liabilities: $473,190
- Net Assets: $29,689,702
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Organization Details
Founding Year
2013
Phone
(804) 474-8700Principal Officer
Christopher P Henderson
Main Address
120 EASTSHORE DRIVE 130, GLEN ALLEN, VA, 23059
Website
www.pinnacleliving.orgNTEE Category
Code: P117 - Human services
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