Overview
What is Ring House Corporation?
Ring House Corporation is a nonprofit organization situated in Rockville, Maryland, dedicated to providing quality independent living for seniors. They offer a range of amenities, including nutritious meals, on-site medical and rehabilitative services, and transportation for shopping and cultural events. Their mission mirrors Jewish values, enriching the lives of residents while offering subsidized apartments to those with lower income levels. At Ring House, seniors enjoy a supportive environment with various cultural and social activities, a fitness center, Internet access, and 24-hour security. The organization prides itself on its continuous evolution, fostered by community involvement and support.
Official website here: www.smithlifecommunities.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 96% (Four-Star out of Four Stars)**
Ring House Corporation has received a commendable Four-Star rating from Charity Navigator, scoring 96% for its accountability and finance practices. This score reflects a robust commitment to transparency and responsible management, evidenced by key factors such as a fully independent board and a favorable liabilities to assets ratio. However, it is important to note that historical ratings do not account for areas like impact measurement and leadership adaptability due to data limitations.
The organization demonstrates strong financial health, with a significant percentage of its expenses directed towards programs, indicating effective use of resources. While the absence of certain data points prevents a more comprehensive evaluation of its overall impact and community engagement, the organization maintains critical governance policies that underscore its commitment to ethical operations.
Unfortunately, user reviews from GreatNonprofits were not accessible, which limits the ability to provide additional public sentiment regarding Ring House Corporation. Overall, the strong financial rating suggests a well-managed nonprofit, though further insights into its performance and community impact would enhance the understanding of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Ring House Corporation legitimate?
Ring House Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ring House Corporation 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: $641,564
For more financial information, click here
Official website here: www.smithlifecommunities.org
What is the mission statement of Ring House Corporation?
Ring House Corporation's mission is centered around providing high-quality independent residential living for a diverse income range within the community. This living arrangement aims to enrich the lives of its residents and upholds Jewish values. At Ring House, 40% of the apartments are subsidized, ensuring accessibility for low to moderate income seniors who might otherwise be excluded. Residents here benefit from a nourishing meal plan, on-site medical and rehabilitation services, a supportive environment that encourages independence, and a variety of cultural and social programs, transportation, security, fitness facilities, and Internet access. The organization's commitment to Jewish values lies in its respect and honor for the elderly, as well as providing kosher meals. Ring House is part of Charles E. Smith Life Communities and has been able to continually evolve through community involvement and support.
Official website here: www.smithlifecommunities.org
Who is the CEO of Ring House Corporation?
Bruce J Lederman is the President/Ceo of Ring House Corporation. The CEO's salary of Ring House Corporation is $0 and their total compensation is $188,755.
Official website here: www.smithlifecommunities.org
What is the revenue of Ring House Corporation?
Ring House Corporation's revenue in 2022 was $8,604,190.
Official website here: www.smithlifecommunities.org
Who are the executives of Ring House Corporation and what are their salaries?
The average compensation at Ring House Corporation during 2022 was $30,551. There are 21 employees and 13 volunteers at Ring House Corporation.
Here are 17 key members and their salaries (Ring House Corporation's CEO's salary is $0 and their total compensation is $188,755):
- Compensation: $0
- Related: $649,886
- Other: $71,472
- Compensation: $0
- Related: $454,337
- Other: $47,504
- Compensation: $0
- Related: $180,652
- Other: $8,103
- Compensation: $112,566
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Compensation: $0
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- Compensation: $0
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- Other: $0
Official website here: www.smithlifecommunities.org
Where can I find the form 990 for Ring House Corporation?
Ring House Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.smithlifecommunities.org
Learn more at the official website: www.smithlifecommunities.org
Mission Statement of Ring House Corporation
Ring House Corporation, a nonprofit organization, is committed to providing high-quality independent residential living for seniors from various income levels within the community. This mission is designed to enrich the lives of its residents and uphold Jewish values. At Ring House, 40% of the apartments are subsidized, ensuring affordable housing for low to moderate income seniors who might otherwise struggle to reside in such an exceptional community.
Residents at Ring House benefit from a nurturing environment that caters to their needs. Daily meals, including breakfast and dinner, are served, accompanied by access to medical and rehabilitation services. The supportive environment fosters independence, with a plethora of cultural and social programs, bus transportation, 24-hour security, a fitness center, and Internet access available. The organization's mission is deeply rooted in Jewish values, which honor and respect the elderly. Moreover, Ring House provides kosher meals, reflecting its commitment to these values.
In summary, Ring House Corporation is a nonprofit organization that provides affordable, high-quality independent living for seniors from diverse income backgrounds. The mission of Ring House is to enrich the lives of its residents while upholding Jewish values, offering essential services such as daily meals, medical and rehabilitation services, and a supportive environment that fosters independence.
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Impact
July, 2024
Ring House Corporation's impact is significant in providing high-quality independent residential living to seniors in the community, enriched with Jewish values. Through its mission, Ring House Corporation offers a range of services and amenities aimed at enhancing the lives of its residents. These include on-site medical and rehabilitative services, bus transportation to shopping and cultural events, and various activities promoting mental and physical well-being. Additionally, Ring House Corporation allocates 40% of its apartments at or below market rates for low to moderate income seniors, ensuring that a diverse range of individuals have access to this exceptional living environment. With a focus on honoring and respecting elders, providing kosher meals, and fostering independence, Ring House Corporation plays a crucial role in supporting seniors in need of a supportive and enriching living space.
This information is meant to be a general summary of Ring House Corporation. 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: $225,141
- Program Service Revenue: $8,202,527
- Gross Receipts: $8,604,190
Assets and Liabilities:
- Total Assets: $28,283,893
- Total Liabilities: $12,790,888
- Net Assets: $15,493,005
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOOD REVENUE
Revenue
$90,896
LAUNDRY/VENDING INCOME
Revenue
$6,169
RENTAL INCOME
Revenue
$8,105,462
Organization Details
Founding Year
1986
Phone
(301) 770-8438Principal Officer
Bruce J Lederman
Main Address
6121 MONTROSE ROAD, ROCKVILLE, MD, 20852
Website
www.smithlifecommunities.orgNTEE Category
Code: L22 - Housing
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