Overview
What is Episcopal Retirement Services?
Episcopal Retirement Services is a nonprofit organization dedicated to providing affordable senior living solutions, recognizing that every senior deserves a safe, comfortable, and enriching environment, regardless of their income level. With a growing demand for affordable housing for seniors, Episcopal Retirement Services is positioning itself as a leader in the industry. Their mission extends beyond apartment buildings, focusing on building communities where seniors can thrive physically, emotionally, and socially. Episcopal Retirement Services Affordable Living, LLC, an Ohio Limited Liability Company, provides the development and management services for the projects owned and/or managed by them. In 2022, they supported 2,111 individuals in affordable living communities. To meet the growing demand, they plan to develop one new community per year and invest annually in ministry services. By offering rent-subsidized senior living communities, Episcopal Retirement Services aims to provide a variety of amenities, options, and services not typically found in communities for seniors with limited incomes. Their purpose is to foster low-income housing and directly or indirectly own, operate, manage, and develop affordable housing primarily for the elderly, their families, and caregivers.
Official website here: www.episcopalretirement.com
What do the Facebook reviews say about Episcopal Retirement Services?
82% of reviewers on Facebook recommend Episcopal Retirement Services. Here is a summary of their reviews:
Overall, the sentiment towards this nonprofit is positive, with users appreciating the environment and services provided. One reviewer highlighted it as an excellent place to retire, suggesting satisfaction with the overall experience and care offered to residents.
While the number of reviews is limited, the recommendations indicate that Episcopal Retirement Services is perceived as a solid choice for those seeking retirement options. The positive remarks point to a commitment to quality service and a welcoming atmosphere.
This AI summary has been generated from reviews found on Facebook.
Is Episcopal Retirement Services legitimate?
Episcopal Retirement Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Episcopal Retirement Services 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: $2,865,106
For more financial information, click here
Official website here: www.episcopalretirement.com
What is the mission statement of Episcopal Retirement Services?
Episcopal Retirement Services is dedicated to serving older adults, regardless of their income level, by providing them with safe, comfortable, and enriching community living environments. Their mission is to position themselves as leaders in the affordable senior living industry, addressing the growing national crisis of the need for such housing. They offer affordable senior living communities that provide a variety of amenities, options, and services not commonly found in senior housing for individuals with limited incomes. Episcopal Retirement Services continues to foster low-income housing and provides necessary guidance, management services, strategic planning, and corporate infrastructure for affordable housing facilities primarily for the elderly, their families, and caregivers. They also engage in activities to support affordable housing communities, offering financial support through fundraising, financing, or guarantees of financing.
Official website here: www.episcopalretirement.com
Who is the CEO of Episcopal Retirement Services?
Laura Lamb is the Ceo/President of Episcopal Retirement Services. The CEO's salary of Episcopal Retirement Services is $0 and their total compensation is $556,317.
Official website here: www.episcopalretirement.com
What is the revenue of Episcopal Retirement Services?
Episcopal Retirement Services's revenue in 2022 was $8,174,029.
Official website here: www.episcopalretirement.com
Who are the executives of Episcopal Retirement Services and what are their salaries?
There 248 volunteers at Episcopal Retirement Services.
Here are 22 key members and their salaries (Episcopal Retirement Services's CEO's salary is $0 and their total compensation is $556,317):
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- Other: $3,108
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- Related: $169,795
- Other: $26,816
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- Related: $146,738
- Other: $24,130
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- Related: $188,694
- Other: $11,047
- Compensation: $0
- Related: $148,349
- Other: $4,360
Official website here: www.episcopalretirement.com
Where can I find the form 990 for Episcopal Retirement Services?
Episcopal Retirement Services's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.episcopalretirement.com
Learn more at the official website: www.episcopalretirement.com
Mission Statement of Episcopal Retirement Services
Episcopal Retirement Services, a nonprofit organization, is dedicated to providing a safe, comfortable, and enriching living environment for older adults, regardless of their income levels. The organization recognizes the growing need for affordable senior living options and is committed to becoming a leader in addressing this national crisis. Episcopal Retirement Services offers more than just apartment buildings; they are in the business of building communities where seniors can thrive physically, emotionally, and socially.
Their mission is twofold. Firstly, they aim to provide a wide range of amenities and services to their residents, ensuring they can live in an enriching environment. Secondly, Episcopal Retirement Services is involved in the development and management of affordable senior living projects through Episcopal Retirement Services Affordable Living, LLC. These projects cater to seniors, the handicapped, and low-income individuals through various nonprofit corporations, limited partnerships, and limited liability companies.
In 2022, Episcopal Retirement Services managed 31 facilities, providing housing for 2,111 individuals. To keep up with growth, they project an annual investment of $400 per resident to support ministry services and plan to establish one new affordable living community for low-income seniors each year. They also offer bus trips to help residents stay connected to their broader community. With a focus on low-income housing, Episcopal Retirement Services directly or indirectly owns, operates, manages, and develops affordable housing primarily for the elderly, their families, and caregivers. They also engage in activities to support affordable housing communities, providing financial support through fundraising, financing, or guarantees of financing.
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Impact
October, 2024
Episcopal Retirement Services (ERS) addresses the pressing need for affordable senior living, creating safe, comfortable, and enriching communities for older adults, regardless of their income levels. With an alarming disparity where ten individuals compete for each affordable living apartment, ERS is stepping up to meet this challenge as the senior population in the U.S. is projected to double by 2030.
In 2022, ERS provided homes for over 2,100 residents across 31 facilities. By focusing on developing new communities each year, ERS is actively working to close this housing gap. Each resident contributes to a sustainable model that supports vital services, with a projected annual budget of $400 per person directed toward ministry services.
Beyond housing, ERS fosters a sense of belonging and connection through various amenities and opportunities to engage with the broader community, including more than 3,000 bus trips annually. Their mission encapsulates a commitment to ensuring every senior feels at home in their retirement years, providing not just shelter but a community where they can thrive physically, emotionally, and socially. In doing so, ERS plays a critical role in enhancing the quality of life for seniors in Ohio and beyond.
This information is meant to be a general summary of Episcopal Retirement Services. 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: $217,632
- Program Service Revenue: $1,463,784
- Gross Receipts: $8,201,981
Assets and Liabilities:
- Total Assets: $25,501,644
- Total Liabilities: $4,862,466
- Net Assets: $20,639,178
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MGMT/DEVELOPER FEES
Revenue
$1,463,784
Organization Details
Founding Year
2015
Phone
(513) 271-9610Principal Officer
Laura Lamb
Main Address
3870 VIRGINIA AVE, CINCINNATI, OH, 45227
Website
www.episcopalretirement.comNTEE Category
Code: L12 - Housing
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