Overview
What is Lakewood Manor Baptist Retirement Community Inc?
Lakewood Manor Baptist Retirement Community Inc is a nonprofit organization based in Glen Allen, Virginia, specifically located at 3961 Stillman Parkway. Their mission is to provide "dignity in living" for senior adults residing in their planned services community. The organization offers both residential and healthcare services to its residents, some of whom require financial assistance. In 2022, they provided $671,608 in subsidies and allowances to support 23 residents who were unable to fully cover the cost of their care.
Official website here: www.lifespireliving.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
Lakewood Manor Baptist Retirement Community Inc has received an 81% rating from Charity Navigator, indicating a solid level of accountability and financial health. This rating is derived entirely from its Accountability & Finance score, which showcases the organization's commitment to maintaining financial integrity and transparency in its operations.
The organization demonstrates notable strengths, including having a fully independent board composed of 19 members, which contributes positively to its governance. Moreover, it excels in its operational practices, showing no material diversion of assets and adhering to best practices for financial oversight, including having an audit and oversight committee in place. With a program expense ratio of 93.38%, it indicates that a significant portion of its resources is allocated towards its mission-related activities.
While the overall rating is commendable, the reliance on a single beacon score can limit a more comprehensive evaluation of the organization’s impact and effectiveness in serving its community. Nonetheless, the solid accountability measures and strong financial management position Lakewood Manor as a reliable nonprofit in the retirement community sector.
This AI summary has been generated from information found on Charity Navigator.
Is Lakewood Manor Baptist Retirement Community Inc legitimate?
Lakewood Manor Baptist Retirement Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakewood Manor 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: $14,423,134
For more financial information, click here
Official website here: www.lifespireliving.org
What is the mission statement of Lakewood Manor Baptist Retirement Community Inc?
Lakewood Manor Baptist Retirement Community Inc is dedicated to enhancing the living experience of senior adults residing in their planned services community. Their mission is to uphold "Dignity in Living" for these individuals, ensuring they receive the necessary care and support. In 2022, they provided substantial subsidies and allowances totaling $671,608 to assist 23 residents with their care costs. This commitment to providing essential assistance allows senior adults to maintain their quality of life.
Official website here: www.lifespireliving.org
Who is the CEO of Lakewood Manor Baptist Retirement Community Inc?
Jonathan Cook is the President & Ceo of Lakewood Manor Baptist Retirement Community Inc. The CEO's salary of Lakewood Manor Baptist Retirement Community Inc is $0 and their total compensation is $596,257.
Official website here: www.lifespireliving.org
What is the revenue of Lakewood Manor Baptist Retirement Community Inc?
Lakewood Manor Baptist Retirement Community Inc's revenue in 2022 was $40,251,783.
Official website here: www.lifespireliving.org
Who are the executives of Lakewood Manor Baptist Retirement Community Inc and what are their salaries?
There 7 volunteers at Lakewood Manor Baptist Retirement Community Inc.
Here are 25 key members and their salaries (Lakewood Manor Baptist Retirement Community Inc's CEO's salary is $0 and their total compensation is $596,257):
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- Related: $573,963
- Other: $22,294
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- Related: $264,167
- Other: $19,914
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- Related: $268,569
- Other: $11,194
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- Related: $251,649
- Other: $39,901
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- Related: $271,024
- Other: $21,188
- Compensation: $206,070
- Related: $0
- Other: $27,445
Official website here: www.lifespireliving.org
Where can I find the form 990 for Lakewood Manor Baptist Retirement Community Inc?
Lakewood Manor 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 Lakewood Manor Baptist Retirement Community Inc
Lakewood Manor Baptist Retirement Community Inc is a dedicated organization committed to enhancing the living experience of senior adults residing within its planned services community. The mission of Lakewood Manor Baptist Retirement Community Inc is centered around providing "dignity in living" for its elderly residents. This means offering more than just a place to call home, but rather a community where seniors are treated with respect and given the necessary resources to maintain their independence and quality of life.
The organization goes above and beyond to cater to seniors who may face financial challenges, providing both residential and healthcare services. In 2022, Lakewood Manor Baptist Retirement Community Inc granted a total of $671,608 in subsidies and indigence allowances to help cover the expenses of 23 of its residents, ensuring that they could continue to live in the community despite their financial limitations. This commitment to supporting the most vulnerable members of its community is a testament to Lakewood Manor Baptist Retirement Community Inc's dedication to providing a dignified living experience for all its senior residents.
By prioritizing the well-being and comfort of its elderly residents, Lakewood Manor Baptist Retirement Community Inc creates an inclusive and caring environment where seniors can thrive. Whether it's through financial assistance or the provision of essential services, Lakewood Manor Baptist Retirement Community Inc is a beacon of hope for seniors seeking a dignified living experience.
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Impact
October, 2024
Lakewood Manor Baptist Retirement Community Inc. significantly enhances the quality of life for senior adults by fostering an environment that prioritizes dignity in living. By offering both residential and health care services, the community addresses the diverse needs of its residents, ensuring they receive the necessary support and care. This commitment is particularly evident in their financial assistance programs; in 2022, the community provided $671,608 in subsidies and indigence allowances, directly aiding 23 residents who were unable to cover the full cost of their care. Through these efforts, Lakewood Manor not only upholds the dignity and well-being of its residents but also plays a pivotal role in promoting a supportive and compassionate environment for seniors in Glen Allen, Virginia.
This information is meant to be a general summary of Lakewood Manor 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: -$175,562
- Program Service Revenue: $40,117,260
- Gross Receipts: $41,174,291
Assets and Liabilities:
- Total Assets: $204,699,575
- Total Liabilities: $152,171,087
- Net Assets: $52,528,488
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL SERVICES
Revenue
$28,975,776
HEALTH CARE SERVICES
Revenue
$9,297,906
CONTINUING CARE AT HOM
Revenue
$1,052,812
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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