Overview
What is Fahrney-Keedy Memorial Home Inc Aka Fahrney-Keedy Home And Village?
Fahrney-Keedy Memorial Home Inc, also known as Fahrney-Keedy Home and Village, is a caring nonprofit organization based in Boonsboro, Maryland. Committed to enhancing the lives of seniors, they offer a continuum of care through independent living services, assisted living services, and nursing services. Their campus includes 36 independent living cottages, 26 independent living apartments, 32 assisted living beds, and a 101-bed skilled nursing facility. In October 2022, they expanded their services by acquiring Coffman Nursing Home, a 59-bed facility in Hagerstown, Maryland, providing skilled nursing care and rehabilitation services for residents. With a team of 356 employees, Fahrney-Keedy Memorial Home Inc focuses on delivering quality care and compassionate services to seniors.
Official website here: www.fkhv.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
Fahrney-Keedy Memorial Home Inc has received an overall rating of 86%, which reflects a strong commitment to accountability and finance. The charity has shown exemplary performance in governance, with 100% of its board members being independent. Additionally, the organization has established robust financial oversight mechanisms, including an audit and oversight committee that ensures transparency and accountability in its financial dealings.
The organization's program expense ratio is notably high at 87.40%, indicating that a significant portion of its expenditures is directed towards its mission-related activities. Furthermore, Fahrney-Keedy has demonstrated a solid commitment to established policies, including conflict of interest and whistleblower safeguards, which contribute to its overall integrity and operational effectiveness.
However, while the charity's financial practices are commendable, there is room for improvement in its liabilities to assets ratio, which stands at 62.87%. This suggests that the organization may face challenges in its financial stability, warranting closer scrutiny to ensure long-term sustainability. Overall, Fahrney-Keedy Memorial Home Inc is recognized for its strong governance and programmatic focus, despite some financial challenges.
This AI summary has been generated from information found on Charity Navigator.
Is Fahrney-Keedy Memorial Home Inc Aka Fahrney-Keedy Home And Village legitimate?
Fahrney-Keedy Memorial Home Inc Aka Fahrney-Keedy Home And Village is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fahrney-Keedy Memorial Home Inc Aka Fahrney-Keedy Home And Village 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: $338,266
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,227,626
For more financial information, click here
Official website here: www.fkhv.org
What is the mission statement of Fahrney-Keedy Memorial Home Inc Aka Fahrney-Keedy Home And Village?
Fahrney-Keedy Memorial Home Inc, also known as Fahrney-Keedy Home and Village, is dedicated to enhancing the lives of seniors through caring quality services. They operate as a Continuing Care Retirement Community (CCRC), offering independent living, assisted living, and nursing services. The organization comprises 36 independent living cottages, 26 independent living apartments, 32 assisted living beds, and a 101-bed skilled nursing facility. In October 2022, Fahrney-Keedy Memorial Home Inc expanded its services by acquiring Coffman Nursing Home, Inc. Coffman is a 59-bed facility that provides skilled nursing care and rehabilitation services for residents. Overall, the organization is committed to improving the quality of life for seniors through comprehensive and compassionate care.
Official website here: www.fkhv.org
Who is the CEO of Fahrney-Keedy Memorial Home Inc Aka Fahrney-Keedy Home And Village?
Stephen Coetzee is the President/Ce of Fahrney-Keedy Memorial Home Inc Aka Fahrney-Keedy Home And Village.
Official website here: www.fkhv.org
What is the revenue of Fahrney-Keedy Memorial Home Inc Aka Fahrney-Keedy Home And Village?
Fahrney-Keedy Memorial Home Inc Aka Fahrney-Keedy Home And Village's revenue in 2022 was $21,952,430.
Official website here: www.fkhv.org
Who are the executives of Fahrney-Keedy Memorial Home Inc Aka Fahrney-Keedy Home And Village and what are their salaries?
The average compensation at Fahrney-Keedy Memorial Home Inc Aka Fahrney-Keedy Home And Village during 2022 was $32,488. There are 356 employees and 22 volunteers at Fahrney-Keedy Memorial Home Inc Aka Fahrney-Keedy Home And Village.
Here are 24 key members and their salaries:
- Compensation: $197,055
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- Other: $14,664
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- Other: $6,517
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- Other: $12,705
- Compensation: $101,266
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- Other: $6,268
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Official website here: www.fkhv.org
Where can I find the form 990 for Fahrney-Keedy Memorial Home Inc Aka Fahrney-Keedy Home And Village?
Fahrney-Keedy Memorial Home Inc Aka Fahrney-Keedy Home And Village's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fkhv.org
Learn more at the official website: www.fkhv.org
Mission Statement of Fahrney-Keedy Memorial Home Inc Aka Fahrney-Keedy Home And Village
Fahrney-Keedy Memorial Home Inc, also known as Fahrney-Keedy Home and Village, is dedicated to enhancing the lives of seniors through caring and quality services. As a Continuing Care Retirement Community (CCRC), the organization offers independent living services, assisted living services, and nursing services. Fahrney-Keedy Memorial Home Inc has 36 independent living cottages, 26 independent living apartments, 32 assisted living beds, and a 101-bed skilled nursing facility.
The mission of Fahrney-Keedy Memorial Home Inc is to provide seniors with a nurturing environment that supports their physical, emotional, and social needs. The community offers a range of services designed to help seniors maintain their independence and dignity while receiving the care they need. Residents of Fahrney-Keedy Memorial Home Inc can enjoy the benefits of a vibrant community while having access to professional care when required. The compassionate team at the organization prioritizes the well-being of each senior, creating an atmosphere where they can thrive.
In October 2022, Fahrney-Keedy Memorial Home Inc expanded its services by acquiring Coffman Nursing Home, Inc. This addition to the organization now includes a 59-bed skilled nursing facility and rehabilitation services for residents. By combining the resources of both organizations, Fahrney-Keedy Memorial Home Inc is better positioned to provide comprehensive care for seniors, catering to their unique requirements as they age. The commitment to enhancing the lives of seniors remains at the heart of Fahrney-Keedy Memorial Home Inc's mission.
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Impact
October, 2024
Fahrney-Keedy Memorial Home Inc, also known as Fahrney-Keedy Home and Village, significantly impacts the lives of seniors by providing a comprehensive range of services designed to enhance their quality of life. As a continuing care retirement community (CCRC) in Boonsboro, Maryland, it offers a spectrum of living arrangements and care options, which include independent living cottages and apartments, assisted living services, and skilled nursing care.
With 36 independent living cottages and 26 independent living apartments, residents are afforded the autonomy and lifestyle they desire, while still having access to support when needed. The community provides 32 assisted living beds and a skilled nursing facility with 101 beds, ensuring that seniors receive the level of care tailored to their individual needs. This holistic approach fosters a supportive environment that promotes health, wellness, and social engagement among residents.
The acquisition of Coffman Nursing Home, a 59-bed facility in Hagerstown, Maryland, further expands their capacity to deliver skilled nursing care and rehabilitation services, enhancing their ability to serve a broader population. By catering to both private pay and Medicaid/Medicare residents, Fahrney-Keedy ensures that a diverse group of seniors can access vital care services.
This commitment to enhancing the lives of seniors through caring, quality services not only makes a direct impact on the individuals and families they serve but also strengthens the community by promoting dignity, independence, and well-being among its aging population.
This information is meant to be a general summary of Fahrney-Keedy Memorial Home Inc Aka Fahrney-Keedy Home And Village. 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: -$8,160
- Program Service Revenue: $17,398,554
- Gross Receipts: $21,970,814
Assets and Liabilities:
- Total Assets: $41,276,541
- Total Liabilities: $25,953,786
- Net Assets: $15,322,755
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE
Revenue
$15,814,457
AMORTIZATION OF ENTRANCE FEES
Revenue
$665,030
INDEPENDENT LIVING
Revenue
$487,759
RESIDENT SERVICES
Revenue
$431,308
Organization Details
Founding Year
1905
Phone
(301) 733-6284Principal Officer
Stephen Coetzee
Main Address
8507 MAPLEVILLE ROAD, BOONSBORO, MD, 21713
Website
www.fkhv.orgNTEE Category
Code: P750 - Human services
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