Overview
What is Virginia Baptist Homes Foundation Inc?
Virginia Baptist Homes Foundation Inc is a nonprofit organization based in Glen Allen, Virginia. Its primary mission is to support Virginia Baptist Homes, an organization that operates senior living communities, by raising funds through donations, capital campaigns, and special events. The foundation provides financial assistance to residents who cannot afford the full cost of their care. Over its 66-year history, no resident has been asked to leave due to financial constraints. The foundation ensures this by soliciting, receiving, and managing donations, grants, and contributions for Virginia Baptist Homes.
Official website here: www.lifespireliving.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Virginia Baptist Homes Foundation Inc has achieved a high Four-Star rating due to its impressive 96% overall score, indicating strong performance in both accountability and finance as well as culture and community. The organization demonstrates a commitment to transparency and governance, with an entirely independent board and robust financial practices in place. Notably, there are no material diversions of assets, and the program expense ratio is commendably high at 93.70%, reflecting a strong focus on their mission.
The organization also excels in its culture and community engagement, attaining a perfect score of 100%. They actively collect and utilize feedback, which underscores their dedication to continuous improvement and responsiveness to stakeholder needs. Their policies, including conflict of interest and whistleblower protections, further enhance their credibility and operational integrity.
While the data reflects a strong overall performance, it will be important for the organization to maintain these high standards and continue to build on their positive track record as they navigate future challenges and opportunities in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Baptist Homes Foundation Inc legitimate?
Virginia Baptist Homes Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Baptist Homes Foundation 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: $525,308
For more financial information, click here
Official website here: www.lifespireliving.org
What is the mission statement of Virginia Baptist Homes Foundation Inc?
The Virginia Baptist Homes Foundation's mission is to support the work of Virginia Baptist Homes by raising funds through gift solicitation, capital campaigns, and special events. The foundation's primary objective is to develop financial resources for Virginia Baptist Homes, which owns and operates planned communities for senior adults. Some of these individuals may not be able to afford the full cost of their care, and the foundation provides funding to assist them financially. Over the past 66 years, the Virginia Baptist Homes Foundation has ensured that no resident has been asked to leave due to financial constraints, even if they outlive their resources.
Official website here: www.lifespireliving.org
Who is the CEO of Virginia Baptist Homes Foundation Inc?
Jonathan Cook is the CEO of Virginia Baptist Homes Foundation Inc The CEO's salary of Virginia Baptist Homes Foundation Inc is $0 and their total compensation is $685,467.
Official website here: www.lifespireliving.org
What is the revenue of Virginia Baptist Homes Foundation Inc?
Virginia Baptist Homes Foundation Inc's revenue in 2023 was $6,392,016.
Official website here: www.lifespireliving.org
Who are the executives of Virginia Baptist Homes Foundation Inc and what are their salaries?
There 17 volunteers at Virginia Baptist Homes Foundation Inc.
Here are 23 key members and their salaries (Virginia Baptist Homes Foundation Inc's CEO's salary is $0 and their total compensation is $685,467):
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- Related: $636,082
- Other: $49,385
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- Related: $344,964
- Other: $56,873
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- Related: $299,945
- Other: $49,267
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- Related: $278,073
- Other: $63,724
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- Related: $293,428
- Other: $57,118
- Compensation: $140,162
- Related: $0
- Other: $24,867
Official website here: www.lifespireliving.org
Where can I find the form 990 for Virginia Baptist Homes Foundation Inc?
Virginia Baptist Homes Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lifespireliving.org
Learn more at the official website: www.lifespireliving.org
Mission Statement of Virginia Baptist Homes Foundation Inc
Virginia Baptist Homes Foundation Inc plays a crucial role in supporting the work of Virginia Baptist Homes. Their mission, in simple terms, is to raise funds for this organization through various means such as soliciting gifts, conducting capital campaigns, and organizing special events. The primary objective of Virginia Baptist Homes is to own and operate planned services communities for senior adults, some of whom may not be able to afford the full cost of their care.
The Virginia Baptist Homes Foundation extends its support to those individuals who require financial assistance, ensuring that no resident is asked to leave if they exhaust their financial resources due to no fault of their own. This nonprofit organization has been in operation for 66 years, and its commitment to its mission has been unwavering. By raising funds, the Virginia Baptist Homes Foundation ensures that its parent organization can continue to provide essential services to its elderly residents, ensuring they live with dignity and comfort.
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Impact
July, 2024
Virginia Baptist Homes Foundation Inc has a significant impact on the community by providing funding to support senior adults who cannot afford the full cost of their care at Virginia Baptist Homes. Through the development of funds via gifts, grants, and special events, the foundation ensures that no resident is asked to leave due to financial constraints, even if they outlive their resources. This commitment to providing financial assistance for those in need underscores the foundation's dedication to supporting vulnerable senior adults in their planned services communities.
This information is meant to be a general summary of Virginia Baptist Homes Foundation 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 2023.
- Investment Income: $403,117
- Gross Receipts: $6,411,838
Assets and Liabilities:
- Total Assets: $23,455,959
- Total Liabilities: $8,877,883
- Net Assets: $14,578,076
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Organization Details
Founding Year
1984
Principal Officer
Jonathan Cook
Website
www.lifespireliving.orgNTEE Category
Code: P11 - Human services
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