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Regency Retirement Residence Of North Platte

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 470792670 ✦ North platte, NE ✦ Designated as a 501(c)(3)

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Overview

What is Regency Retirement Residence Of North Platte?

Regency Retirement Residence of North Platte is a nonprofit organization located at 700 West Philip Avenue, North Platte, NE 69101. Their primary mission is to offer residential facilities and services for the elderly, catering to the needs of both one-bedroom and two-bedroom unit residents. The organization provides a welcoming community space with amenities such as a communal room and a game room. Regency Retirement Residence of North Platte is committed to upholding equality and inclusivity, ensuring no discrimination based on factors like race, religion, or income. Their focus is on enhancing the lives of their elderly residents, creating a sense of belonging and providing a supportive environment.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 94%, Four-Star out of Four Star rating.

Regency Retirement Residence Of North Platte demonstrates a strong commitment to accountability and finance, reflected in its impressive 94% score. The organization has achieved perfect scores in several key areas, including accountability measures and independent board governance, with 85% of its board members being independent. This indicates a robust structure that likely supports ethical decision-making and transparency.

The charity's financial health is further illustrated by a program expense ratio of 89.31%, suggesting that the majority of its resources are directed toward its mission rather than administrative costs. Additionally, the organization maintains a strong record in areas such as liability management, with a 0.00% liabilities to assets ratio, indicating solid financial stability.

While the data presents a highly favorable view of Regency Retirement Residence, it's essential to consider that the rating is based entirely on the accountability and finance beacon. There may be other qualitative factors regarding the effectiveness of its programs and community impact that are not captured by this score alone.


This AI summary has been generated from information found on Charity Navigator.

Is Regency Retirement Residence Of North Platte legitimate?

Regency Retirement Residence Of North Platte is a legitimate nonprofit organization registered as a 501(c)(3) entity. Regency Retirement Residence Of North Platte 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: $3,197

For more financial information, click here

What is the mission statement of Regency Retirement Residence Of North Platte?

Regency Retirement Residence Of North Platte's mission is centered around creating exceptional value for the elderly residents, their families, employees, and financial partners associated with their senior living communities. The organization provides residential facilities and services, offering 23 one and two-bedroom units, a community room, and a game room for the residents. It is committed to upholding equality and does not discriminate based on race, religion, or income.

Who is the CEO of Regency Retirement Residence Of North Platte?

Thomas Legel is the Director of Regency Retirement Residence Of North Platte. The CEO's salary of Regency Retirement Residence Of North Platte is $0 and their total compensation is $490,602.

What is the revenue of Regency Retirement Residence Of North Platte?

Regency Retirement Residence Of North Platte's revenue in 2020 was -$7,553.

Who are the executives of Regency Retirement Residence Of North Platte and what are their salaries?

The average compensation at Regency Retirement Residence Of North Platte during 2020 was $1,598. There are 2 employees and 6 volunteers at Regency Retirement Residence Of North Platte.


Here are 10 key members and their salaries (Regency Retirement Residence Of North Platte's CEO's salary is $0 and their total compensation is $490,602):


Jim Smith Md (Director)
  • Compensation: $0
  • Related: $468,412
  • Other: $52,216
Melvin Mcnea (Ceo - Gph)
  • Compensation: $0
  • Related: $448,727
  • Other: $41,875
Monica Lynch (Interim Cfo -Gph)
  • Compensation: $0
  • Related: $154,309
  • Other: $34,765
Thomas J Legel (Cfo - Gph)
  • Compensation: $0
  • Related: $142,539
  • Other: $39,792
Ned Mack Md (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darrel Smith (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Engel (Secr/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Patterson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lance Polk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jody Tomanek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Regency Retirement Residence Of North Platte?

Regency Retirement Residence Of North Platte's most recent form 990 was submitted in 2020 and can be accessed here.

Mission Statement of Regency Retirement Residence Of North Platte

Regency Retirement Residence Of North Platte is committed to delivering exceptional value to its elderly residents, their families, employees, and financial partners associated with its senior living communities. The organization's mission is multifaceted, aiming to provide residential facilities and services tailored to the elderly population. Regency Retirement Residence Of North Platte offers a range of accommodations, including 23 one and two-bedroom units, a community room, and a game room, designed to cater to the needs and comfort of its elderly residents. The organization adheres to a policy of non-discrimination, ensuring equal opportunities for all, irrespective of race, religion, or income. Regency Retirement Residence Of North Platte's mission is driven by its desire to create a welcoming and inclusive environment where the elderly can thrive, supported by its residential facilities and services.

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Impact




October, 2024

Regency Retirement Residence of North Platte plays a vital role in supporting the elderly community by providing quality residential facilities and services tailored to their needs. With 23 one and two-bedroom units, residents benefit from a comfortable living environment that promotes independence while also facilitating a sense of community through shared spaces like a community room and a game room.

The residence is committed to inclusivity, ensuring that individuals are welcomed regardless of their race, religion, or income level. This focus on creating an accepting atmosphere not only enhances the quality of life for residents but also fosters a supportive environment for families and employees alike.

By prioritizing the well-being of its residents, Regency Retirement Residence aims to create extraordinary value, enriching the lives of seniors and strengthening community ties in North Platte. The organization’s mission emphasizes meaningful interactions and relationships, ultimately leading to a more vibrant and engaged senior living experience.




This information is meant to be a general summary of Regency Retirement Residence Of North Platte. 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.

Revenue
-$7,553 (2020)
Expenses
$59,425 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: -$8,553
  • Program Service Revenue: $1,000
  • Gross Receipts: $1,235,652

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT INCOME

Revenue

$1,000

Organization Details

Founding Year

1998

Principal Officer

Thomas Legel

Main Address

700 WEST PHILIP AVENUE, NORTH PLATTE, NE, 69101

NTEE Category

Code: L22 - Housing

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