Overview
What is Larksfield Place Retirement Communities Inc?
Larksfield Place Retirement Communities Inc is a nonprofit organization based in Wichita, Kansas, with a workforce of 373 employees. Their mission is to provide residential and long-term care services, wellness programs, and an enriching lifestyle for elderly individuals in the Wichita area. They operate and maintain suitable facilities for the care and treatment of elderly persons, offering non-acute healthcare services to maintain a good quality of life at the lowest feasible cost. Larksfield Place prioritizes the wellbeing of elderly residents in their community.
Official website here: www.lakesfield.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Larksfield Place Retirement Communities Inc has received a solid rating of 81% from Charity Navigator, indicating a commendable level of accountability and financial health. The organization excels in governance, with a fully independent board and robust financial oversight measures, which contribute positively to its overall score. The charity has demonstrated transparency through the listing of various policies, including conflict of interest and whistleblower policies.
A noteworthy strength of Larksfield Place is its high program expense ratio of 80.89%, reflecting that the majority of its funds are directed towards its programs rather than administrative costs. This focus on service delivery suggests that the organization is effectively meeting the needs of its community. The charity has also shown no material diversion of assets, further underscoring its credibility.
While the organization has received a strong score, there may be areas for improvement in outreach or program diversity, as user feedback often highlights the need for diverse engagement activities. Nonetheless, Larksfield Place demonstrates a solid foundation of governance and financial responsibility, making it a reputable choice for donors and patrons.
This AI summary has been generated from information found on Charity Navigator.
Is Larksfield Place Retirement Communities Inc legitimate?
Larksfield Place Retirement Communities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Larksfield Place Retirement Communities 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: $293,008
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,084,489
For more financial information, click here
Official website here: www.lakesfield.org
What is the mission statement of Larksfield Place Retirement Communities Inc?
Larksfield Place Retirement Communities Inc is committed to providing suitable resident facilities and services for the care, treatment, and rehabilitation of elderly persons. Their mission is to maintain quality of life for elderly individuals at the lowest feasible cost, which includes offering non-acute healthcare services. Through their residential and long-term care health services, they provide enriching lifestyles for elderly persons, ensuring their overall wellbeing. The organization's goal is to create an environment that supports the diverse needs of the elderly population, enhancing their quality of life.
Official website here: www.lakesfield.org
Who is the CEO of Larksfield Place Retirement Communities Inc?
Michael Hambley is the President/Ceo of Larksfield Place Retirement Communities Inc. The CEO's salary of Larksfield Place Retirement Communities Inc is $239,341 and their total compensation is $253,860.
Official website here: www.lakesfield.org
What is the revenue of Larksfield Place Retirement Communities Inc?
Larksfield Place Retirement Communities Inc's revenue in 2022 was $23,108,904.
Official website here: www.lakesfield.org
Who are the executives of Larksfield Place Retirement Communities Inc and what are their salaries?
The average compensation at Larksfield Place Retirement Communities Inc during 2022 was $27,822. There are 373 employees and 172 volunteers at Larksfield Place Retirement Communities Inc.
Here are 25 key members and their salaries (Larksfield Place Retirement Communities Inc's CEO's salary is $239,341 and their total compensation is $253,860):
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- Compensation: $239,341
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- Other: $16,125
Official website here: www.lakesfield.org
Where can I find the form 990 for Larksfield Place Retirement Communities Inc?
Larksfield Place Retirement Communities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakesfield.org
Learn more at the official website: www.lakesfield.org
Mission Statement of Larksfield Place Retirement Communities Inc
Larksfield Place Retirement Communities Inc is dedicated to operating and maintaining suitable residences for the elderly, providing them with non-acute healthcare and rehabilitation services in which they can maintain a good quality of life at an affordable cost. The mission of this esteemed organization is to create and manage residential facilities that cater specifically to the needs of elderly persons, offering them non-acute healthcare services alongside distinctive lifestyles that contribute to their overall well-being.
Larksfield Place's primary goal is to create an environment where elderly individuals can thrive and receive the care they need to enhance their lives. By focusing on both residential and long-term care services, the organization ensures that its residents have access to the necessary resources for their day-to-day needs as well as any rehabilitative care they may require. The provision of these services allows elderly persons to live comfortably and maintain their independence, while also receiving the necessary care and attention when needed.
In fulfilling its mission, Larksfield Place Retirement Communities Inc strives to provide a wide range of offerings that cater to the unique needs of elderly individuals. Whether it's through wellness services or engaging programs, the organization is committed to ensuring that its residents can lead fulfilling lives. With a focus on affordability, Larksfield Place aims to make its services accessible to as many elderly persons as possible, enabling them to live their best lives in a supportive and caring environment.
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Impact
October, 2024
Larksfield Place Retirement Communities Inc significantly enhances the quality of life for elderly residents in Wichita, Kansas, and the surrounding areas. By operating and maintaining resident facilities, the organization provides essential services that encompass residential care, long-term health services, and wellness programs. Their commitment to creating a distinctive lifestyle for older adults fosters a supportive community atmosphere that promotes independence and wellbeing.
The focus on non-acute health care ensures that residents receive the appropriate medical support while enjoying a comfortable living environment. The organization’s mission emphasizes maintaining a high quality of life for its residents at the lowest feasible cost, making it accessible for many families seeking care for their loved ones. By prioritizing both the physical and emotional needs of elderly individuals, Larksfield Place plays a vital role in enhancing community health and supporting families during critical life transitions.
This information is meant to be a general summary of Larksfield Place Retirement Communities 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.
- Investment Income: -$125,095
- Program Service Revenue: $22,639,088
- Gross Receipts: $24,114,363
Assets and Liabilities:
- Total Assets: $52,616,618
- Total Liabilities: $78,946,711
- Net Assets: -$26,330,093
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RESIDENT SERVICE REVENUE
Revenue
$22,639,088
Organization Details
Founding Year
1984
Phone
(316) 363-1000Principal Officer
Michael Hambley
Main Address
7373 EAST 29TH STREET NORTH, WITCHITA, KS, 67226
Website
www.lakesfield.orgNTEE Category
Code: P75Z - Human services
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