Overview
What is The Residence At Sherburne Commons Inc?
The Residence At Sherburne Commons Inc, located in Nantucket, Massachusetts, is a nonprofit organization dedicated to serving the elderly community. With a mission to provide assisted living and independent living, as well as medical-related services, this institution aims to cater to the needs of seniors aged 55 and above in the area. The organization operates with a workforce of 36 individuals, providing a supportive living environment that promotes independence and well-being for its residents. The nonprofit's activities extend beyond residential care, ensuring a comprehensive approach to meet the diverse needs of the community's elder population.
Official website here: www.sherburnecommons.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 87%, Three-Star out of Four Star rating.
The Residence At Sherburne Commons Inc has received a solid score of 87% from Charity Navigator, indicating a good level of accountability and finance management. The rating is based solely on the organization's financial practices, reflecting its commitment to transparency and responsible management of resources. The nonprofit achieved full scores in key areas such as independent board membership and financial audits, showcasing a well-structured governance framework.
One of the strengths highlighted is the presence of a fully independent board, which aligns with best practices in nonprofit governance. The organization also demonstrates a strong program expense ratio, with 81.81% of its expenditures allocated directly to its programs, ensuring that a significant portion of donations is effectively utilized for its mission. Additionally, the absence of any material diversion of assets signals a trustworthy financial environment.
However, there are a couple of areas where improvements could be made. The organization is missing a whistleblower policy and a document retention and destruction policy, which are noted as weaknesses in their governance practices. Addressing these gaps could enhance the overall accountability and trustworthiness of the organization moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is The Residence At Sherburne Commons Inc legitimate?
The Residence At Sherburne Commons Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Residence At Sherburne Commons 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,165,028
For more financial information, click here
Official website here: www.sherburnecommons.org
What is the mission statement of The Residence At Sherburne Commons Inc?
The Residence At Sherburne Commons Inc is committed to serving the elderly community of Nantucket. Their mission is to operate a non-profit residence, providing both assisted living and independent living facilities for individuals aged 55 and above. Additionally, they offer medical-related services to cater to the unique needs of this demographic. The aim is to enhance the quality of life for seniors in the community, ensuring they have access to the necessary care and support.
Official website here: www.sherburnecommons.org
Who is the CEO of The Residence At Sherburne Commons Inc?
David Dworth is the President of The Residence At Sherburne Commons Inc.
Official website here: www.sherburnecommons.org
What is the revenue of The Residence At Sherburne Commons Inc?
The Residence At Sherburne Commons Inc's revenue in 2022 was $2,886,756.
Official website here: www.sherburnecommons.org
Who are the executives of The Residence At Sherburne Commons Inc and what are their salaries?
The average compensation at The Residence At Sherburne Commons Inc during 2022 was $32,362. There are 36 employees at The Residence At Sherburne Commons Inc.
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- Compensation: $192,000
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Official website here: www.sherburnecommons.org
Where can I find the form 990 for The Residence At Sherburne Commons Inc?
The Residence At Sherburne Commons Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sherburnecommons.org
Learn more at the official website: www.sherburnecommons.org
Mission Statement of The Residence At Sherburne Commons Inc
The Residence at Sherburne Commons Inc is dedicated to serving the elderly community of Nantucket, providing both assisted living and independent living options. Their mission is to offer a non-profit residence for individuals aged 55 and above, catering to their medical needs alongside daily living requirements. By doing so, this organization aims to enhance the quality of life for Nantucket's senior population, ensuring they can live independently with the necessary support when required. The Residence at Sherburne Commons Inc is committed to delivering a range of senior-related and medical services to meet the diverse needs of the elderly community in a holistic manner.
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Impact
July, 2024
The Residence At Sherburne Commons Inc's impact on the community of Nantucket is significant. By operating a nonprofit residence for individuals 55 years of age or older, this organization provides much-needed assisted living and independent living services to the elderly population on the island. Their mission to offer a safe and supportive living environment for seniors contributes to the overall well-being and quality of life for the older residents of Nantucket. Through their services, The Residence at Sherburne Commons plays a crucial role in meeting the housing and healthcare needs of the island's elderly community.
This information is meant to be a general summary of The Residence At Sherburne Commons 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.
- Program Service Revenue: $2,886,756
- Gross Receipts: $2,886,756
Assets and Liabilities:
- Total Assets: $6,461,485
- Total Liabilities: $3,347,194
- Net Assets: $3,114,291
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INDEPENDENT LIVING REV
Revenue
$1,952,926
MEALS, LAUNDRY AND OTH
Revenue
$627,379
AFFORDABLE RENTALS
Revenue
$160,182
EMPLOYEE HOUSING
Revenue
$81,019
COMMUNITY FEES
Revenue
$65,250
Organization Details
Founding Year
2014
Phone
(508) 228-4080Principal Officer
David Dworth
Main Address
40 SHERBURNE COMMONS, NANTUCKET, MA, 02554
Website
www.sherburnecommons.orgNTEE Category
Code: L22 - Housing
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