Overview
What is Bridgewater Home Inc?
Bridgewater Home Inc, located in Bridgewater, VA, is a comprehensive residential and nursing care facility. They provide essential services to around 200 residents and patients, ensuring they receive medical attention, food, laundry, and housekeeping assistance. Bridgewater Home aims to create a welcoming environment where individuals can live comfortably and access necessary care. Their mission encompasses assisted living and nursing care services, making a significant difference in the lives of those they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Bridgewater Home Inc has received a high rating of 90% from Charity Navigator, indicating strong accountability and financial health. This rating is based entirely on the Accountability & Finance beacon, showing that the organization excels in transparent financial practices and governance. The absence of any material diversion of assets and the presence of a comprehensive conflict of interest policy further underscore its commitment to ethical operations.
The organization boasts a fully independent board, with eight out of eight members meeting this criterion, which contributes to its effective oversight. Additionally, the financial statements indicate robust fiscal management, as evidenced by their audit and oversight committee's full score. The program expense ratio of 86.82% is particularly commendable, reflecting a strong focus on fulfilling its mission through effective program delivery.
While Bridgewater Home Inc performs admirably overall, the liabilities to assets ratio of 55.27% may raise some concerns regarding financial stability. However, the strong performance in other areas suggests that the organization is well-managed and dedicated to its cause, making it a worthy candidate for donor support.
This AI summary has been generated from information found on Charity Navigator.
Is Bridgewater Home Inc legitimate?
Bridgewater Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridgewater Home 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: $13,713,898
For more financial information, click here
What is the mission statement of Bridgewater Home Inc?
Bridgewater Home Inc is committed to providing comprehensive residential and nursing care services. Approximately 200 individuals receive medical attention, nourishment, laundry, and housekeeping assistance from this dedicated care provider. Their mission extends beyond the basics of daily living, with a focus on ensuring the well-being and comfort of each resident and patient. Bridgewater Home strives to create a supportive environment where people can receive necessary care, enabling them to maintain a good quality of life. By offering a range of essential services, Bridgewater Home aims to make a significant difference in the lives of those in their care.
What is the revenue of Bridgewater Home Inc?
Bridgewater Home Inc's revenue in 2023 was $29,024,417.
Who are the executives of Bridgewater Home Inc and what are their salaries?
The average compensation at Bridgewater Home Inc during 2023 was $23,768. There are 577 employees at Bridgewater Home Inc.
Here are 18 key members and their salaries:
- Compensation: $0
- Related: $275,655
- Other: $28,527
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- Related: $181,957
- Other: $20,070
- Compensation: $123,871
- Related: $0
- Other: $13,750
- Compensation: $102,610
- Related: $0
- Other: $8,947
- Compensation: $93,320
- Related: $0
- Other: $14,752
- Compensation: $97,670
- Related: $0
- Other: $5,869
- Compensation: $0
- Related: $68,784
- Other: $9,804
- Compensation: $0
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- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bridgewater Home Inc?
Bridgewater Home Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bridgewater Home Inc
Bridgewater Home, a renowned nonprofit organization, is dedicated to providing comprehensive residential and nursing care services. The mission of Bridgewater Home is to support and care for around 200 residents and patients with medical, food, laundry, and housekeeping needs. In simple terms, Bridgewater Home acts as a home away from home, offering a full range of services to ensure the well-being of its residents.
This compassionate organization goes beyond the typical expectations of a care facility. With its team of dedicated professionals, Bridgewater Home ensures that each resident receives the necessary attention, care, and compassion they deserve. The organization's commitment extends beyond medical care, as it also addresses the daily living needs of its residents, ensuring they maintain a comfortable and clean environment.
Bridgewater Home's services encompass all aspects of care, ensuring that its residents are not only physically cared for but also emotionally and socially supported. By offering a complete residential and nursing care solution, Bridgewater Home empowers its residents to live their lives with dignity and independence, providing them with the peace of mind they deserve. The organization's dedicated team works tirelessly to ensure that every resident's unique needs are met with compassion and respect.
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Impact
October, 2024
Bridgewater Home Inc significantly impacts the community by providing essential assisted living and nursing care services to approximately 200 residents and patients in Bridgewater, VA. By offering a comprehensive range of services, including medical care, nutrition, laundry, and housekeeping, Bridgewater Home enhances the quality of life for its residents, ensuring they receive the support and care they need in a safe and comfortable environment.
The organization plays a crucial role in addressing the needs of elderly and vulnerable individuals, fostering a sense of community and belonging. This holistic approach not only improves the well-being of residents but also alleviates the worries of families, knowing their loved ones are receiving dedicated care. Through its mission, Bridgewater Home Inc strengthens the fabric of the Bridgewater community, promoting health, dignity, and respect for all its residents.
This information is meant to be a general summary of Bridgewater Home 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: $1,019,198
- Program Service Revenue: $26,874,808
- Gross Receipts: $29,024,417
Assets and Liabilities:
- Total Assets: $56,586,577
- Total Liabilities: $31,276,219
- Net Assets: $25,310,358
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Adult Care/Nursing Fees
Revenue
$29,056,339
Contractual loss
Revenue
-$4,330,885
Miscellaneous
Revenue
$2,149,354
Organization Details
Founding Year
1965
Principal Officer
Rodney Alderfer
NTEE Category
Code: P75Z - Human services
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