Overview
What is Newport News Baptist Retirement Community Inc?
Newport News Baptist Retirement Community Inc, also known as The Chesapeake, is a nonprofit organization based in Glen Allen, Virginia. Their primary mission is to ensure "dignity in living" for senior adults residing in their planned services community. They offer both residential and healthcare services, with a focus on supporting those who cannot afford the full cost of their care. In 2022, they provided $195,070 in subsidies and allowances to assist 8 residents in covering their expenses. The organization is located at 3961 Stillman Parkway.
Official website here: www.lifespireliving.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Newport News Baptist Retirement Community Inc has received a Three-Star rating from Charity Navigator, reflecting a good level of accountability and financial health. The score is entirely derived from its accountability and finance metrics, where it achieved an impressive score of 81. The organization's commitment to transparency is evident, as it has a 100% independent board, robust oversight mechanisms, and clearly outlined policies for conflict of interest and whistleblower protections.
The organization demonstrates strong financial management with a program expense ratio of 91.95%, indicating that a significant majority of its expenses are directed toward program services, which is a positive sign for donors looking for effective use of their contributions. The presence of audited financial statements and a material diversion of assets score of none further supports its integrity and reliability.
However, while the financial aspect is commendable, the overall rating suggests there may be areas for improvement in other aspects of the charity's operations. Donors may want to consider this rating in conjunction with other factors when evaluating the organization for potential support.
This AI summary has been generated from information found on Charity Navigator.
Is Newport News Baptist Retirement Community Inc legitimate?
Newport News Baptist Retirement Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newport News Baptist Retirement Community 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: $10,952,868
For more financial information, click here
Official website here: www.lifespireliving.org
What is the mission statement of Newport News Baptist Retirement Community Inc?
Newport News Baptist Retirement Community Inc is dedicated to enhancing the living experience of senior adults in their care community. Some residents face financial challenges and cannot afford the full cost of their care. The organization strives to provide "dignity in living" for these individuals by offering subsidies and indigence allowances. In 2022, the community granted $195,070 towards subsidies and allowances, benefiting eight residents. This financial support enables senior adults to access crucial residential and healthcare services, ensuring they can live with respect and care despite their financial situation.
Official website here: www.lifespireliving.org
Who is the CEO of Newport News Baptist Retirement Community Inc?
Jonathan Cook is the President & Ceo of Newport News Baptist Retirement Community Inc. The CEO's salary of Newport News Baptist Retirement Community Inc is $0 and their total compensation is $596,257.
Official website here: www.lifespireliving.org
What is the revenue of Newport News Baptist Retirement Community Inc?
Newport News Baptist Retirement Community Inc's revenue in 2022 was $25,952,204.
Official website here: www.lifespireliving.org
Who are the executives of Newport News Baptist Retirement Community Inc and what are their salaries?
There 15 volunteers at Newport News Baptist Retirement Community Inc.
Here are 25 key members and their salaries (Newport News Baptist Retirement Community Inc's CEO's salary is $0 and their total compensation is $596,257):
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- Other: $39,901
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- Other: $21,188
- Compensation: $213,649
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- Other: $34,312
Official website here: www.lifespireliving.org
Where can I find the form 990 for Newport News Baptist Retirement Community Inc?
Newport News Baptist Retirement Community Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lifespireliving.org
Learn more at the official website: www.lifespireliving.org
Mission Statement of Newport News Baptist Retirement Community Inc
Newport News Baptist Retirement Community Inc is dedicated to enhancing the living experience of senior adults residing in their planned services community. Some of these residents face financial challenges and are unable to pay the full cost of their care. In response to this need, the community provides "dignity in living" through subsidies and indigence allowances. In the year 2022, they granted a total of $195,070 in financial assistance to eight residents. This support ensures that these individuals can continue to reside in the community and receive both residential and healthcare services. Through their commitment to providing essential aid, Newport News Baptist Retirement Community Inc continues to make a positive impact on the lives of senior adults in need.
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Impact
October, 2024
Newport News Baptist Retirement Community Inc plays a crucial role in enhancing the quality of life for senior adults, emphasizing the importance of dignity in living. By providing both residential and health care services, the community ensures that seniors receive the care and support they need, particularly those who face financial challenges.
In 2022, the organization made a significant impact by offering $195,070 in subsidies and indigence allowances to support eight residents who were unable to cover the full cost of their care. This financial assistance demonstrates a commitment to inclusivity and compassion, allowing seniors to access essential services without the burden of overwhelming costs.
Located in Glen Allen, VA, Newport News Baptist Retirement Community Inc fosters a supportive and nurturing environment, making a lasting difference in the lives of its residents. Through its dedicated efforts, the community upholds its mission to provide dignity and a sense of fulfillment for senior adults, ultimately enhancing their overall well-being.
This information is meant to be a general summary of Newport News Baptist Retirement Community 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: $15,586
- Program Service Revenue: $25,850,369
- Gross Receipts: $26,001,077
Assets and Liabilities:
- Total Assets: $40,465,798
- Total Liabilities: $113,104,152
- Net Assets: -$72,638,354
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL SERVICES
Revenue
$19,532,480
HEALTH CARE SERVICES
Revenue
$5,575,700
Organization Details
Founding Year
1969
Phone
(804) 521-9206Principal Officer
Jonathan Cook
Main Address
3961 STILLMAN PARKWAY, GLEN ALLEN, VA, 23060
Website
www.lifespireliving.orgNTEE Category
Code: P750 - Human services
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