Overview
What is Chesterbrook Residences Inc?
Chesterbrook Residences Inc is a dedicated nonprofit organization situated in Falls Church, Virginia. Their primary mission is to provide an assisted living community that upholds an ongoing tradition of affordable housing. This community caters to a diverse range of income levels, ensuring they can continue to serve their residents even as personal resources decrease. On a non-profit basis, they offer rental housing and related facilities and services, meticulously designed to meet the specific needs of the elderly population, regardless of their racial, social, political, or religious backgrounds. Their ultimate goal is to contribute positively to the elderly residents' health, security, happiness, and longevity. As of the provided information, Chesterbrook Residences Inc employs 106 individuals.
Official website here: www.chesterbrookres.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Chesterbrook Residences Inc has earned a solid Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance, which is critical for donor trust and organizational transparency. The organization achieved a high score in various areas, including having a fully independent board and comprehensive financial oversight practices.
Strengths of Chesterbrook include its excellent scores for board independence and effective oversight, with all members free from conflicts of interest. The charity has a robust financial management framework, evidenced by its program expense ratio of 88.41%, which shows a commitment to directing funds toward its mission. The presence of sound policies such as whistleblower and document retention policies further underscores its commitment to accountability.
However, while Chesterbrook’s liabilities to assets ratio is somewhat lower at 61.95%, this could indicate a potential area for improvement. Overall, the organization demonstrates solid financial health and governance, but continued focus on reducing liabilities could enhance its stability and operational capacity.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Chesterbrook Residences Inc?
98% of 10 reviewers on Facebook recommend Chesterbrook Residences Inc. Here is a summary of their reviews:
Many individuals express a high level of satisfaction with Chesterbrook Residences, highlighting the positive experiences of their loved ones residing there. One user specifically notes that their mother is happy living at the facility, suggesting that it provides a supportive and nurturing environment.
Overall, the sentiment surrounding Chesterbrook Residences is overwhelmingly positive, with users feeling confident in the services being offered and the care provided to residents. This charity appears to effectively meet the needs of both residents and their families.
This AI summary has been generated from reviews found on Facebook.
Is Chesterbrook Residences Inc legitimate?
Chesterbrook Residences Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chesterbrook Residences 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: $3,068,207
For more financial information, click here
Official website here: www.chesterbrookres.org
What is the mission statement of Chesterbrook Residences Inc?
Chesterbrook Residences Inc is committed to providing affordable rental housing and related facilities and services for elderly individuals, irrespective of their backgrounds. Their mission is to establish a caring assisted living community that maintains a long-standing tradition of affordability. This community aims to serve residents with varying income levels, ensuring that they can continue to reside there even as their personal resources decrease.
Official website here: www.chesterbrookres.org
Who is the CEO of Chesterbrook Residences Inc?
Betsy Lasher is the President of Chesterbrook Residences Inc.
Official website here: www.chesterbrookres.org
What is the revenue of Chesterbrook Residences Inc?
Chesterbrook Residences Inc's revenue in 2022 was $6,324,054.
Official website here: www.chesterbrookres.org
Who are the executives of Chesterbrook Residences Inc and what are their salaries?
The average compensation at Chesterbrook Residences Inc during 2022 was $28,945. There are 106 employees and 45 volunteers at Chesterbrook Residences Inc.
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Official website here: www.chesterbrookres.org
Where can I find the form 990 for Chesterbrook Residences Inc?
Chesterbrook Residences Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chesterbrookres.org
Learn more at the official website: www.chesterbrookres.org
Mission Statement of Chesterbrook Residences Inc
Chesterbrook Residences Inc is committed to providing affordable and supportive living environments for elderly individuals, regardless of their backgrounds. Their mission is twofold: firstly, to offer rental housing and associated facilities and services specifically designed to cater to the unique needs of the elderly. Secondly, they aim to contribute to the health, security, happiness, and longevity of their residents.
In pursuit of this mission, Chesterbrook Residences Inc strives to establish an ongoing tradition of affordable housing solutions. They serve a diverse range of income levels, ensuring that their services remain accessible even as personal resources may diminish. By offering this broad spectrum of assistance, the organization seeks to create a caring community where elderly residents can thrive.
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Impact
July, 2024
Chesterbrook Residences Inc's impact revolves around providing a caring assisted-living community with an ongoing tradition of affordable housing. Their mission is to offer solutions that enable them to serve residents with a range of incomes and to remain supportive if personal resources diminish. By focusing on the needs of elderly individuals, regardless of their backgrounds, Chesterbrook Residences Inc contributes to the health, security, happiness, and longevity of these individuals in Falls Church, VA. Their dedication to human services ensures that elderly persons have access to essential housing and related facilities tailored to their specific requirements, fostering a supportive and compassionate environment for residents.
This information is meant to be a general summary of Chesterbrook Residences 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: $191,686
- Program Service Revenue: $6,009,440
- Gross Receipts: $6,324,054
Assets and Liabilities:
- Total Assets: $16,689,354
- Total Liabilities: $11,426,847
- Net Assets: $5,262,507
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$3,100,344
SERVICE INCOME
Revenue
$2,757,191
OTHER INCOME
Revenue
$151,905
Organization Details
Founding Year
2001
Phone
(703) 531-0781Principal Officer
Betsy Lasher
Main Address
2030 WESTMORELAND STREET, FALLS CHURCH, VA, 22043
Website
www.chesterbrookres.orgNTEE Category
Code: P75 - Human services
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