Overview
What is Arbor Acres United Methodist Retirement Community Inc?
Arbor Acres United Methodist Retirement Community Inc is a North Carolina-based nonprofit organization dedicated to serving senior adults. Situated at 1240 Arbor Road, Winston-Salem, this continuing care retirement community (CCRC) offers various residential options, including 120 units of independent living, 95 adult care home beds, and 83 nursing care beds. The Fitzgerald Health Center houses these specialized care facilities. Arbor Acres is a member of Leading Age and Leading Age NC and is accredited through the Continuing Care Accreditation Commission. Mission-driven, Arbor Acres aims to provide security, contentment, and life with meaning and purpose to its senior residents. Through financial assistance programs, the community ensures that eligible individuals can afford to reside there. During 2022, $1,247,924 in financial assistance was granted to residents. The organization's accomplishments in 2022 include maintaining near-full occupancy of assisted living, memory care, and skilled nursing facilities and exceeding 90% occupancy in independent living units. In addition, Arbor Acres facilitated community service projects, such as Habitat for Humanity, and made monetary donations to various local organizations.
Official website here: www.arboracres.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 79% (Three-Star out of Four Star rating)
Arbor Acres United Methodist Retirement Community Inc has received a Three-Star rating, reflecting a solid performance in accountability and finance. The organization boasts 100% independent board members and has a comprehensive set of policies in place, including conflict of interest and whistleblower policies, contributing to its strong governance practices. The organization also demonstrates thorough oversight of its financial statements.
Despite these strengths, the nonprofit's financial metrics show room for improvement. The liabilities to assets ratio is at 65.79%, which suggests a significant portion of its assets are tied up in liabilities. Additionally, while its program expense ratio is reasonable at 65.78%, this indicates that a notable amount of funds may not be directly supporting programs, which could be a concern for potential donors looking for effective use of their contributions. Overall, Arbor Acres is performing well but may need to enhance its financial management strategies.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Arbor Acres United Methodist Retirement Community Inc?
96% of 41 reviewers on Facebook recommend Arbor Acres United Methodist Retirement Community Inc. Here is a summary of their feedback:
Many individuals express their satisfaction with the care and support their loved ones receive at Arbor Acres. The sentiment reflects gratitude for the community environment and the positive impact it has had on residents, particularly for seniors settling into a new home.
Overall, Arbor Acres appears to deliver on its commitment to providing a nurturing and welcoming atmosphere for its residents, as noted by families who feel reassured about the well-being of their relatives.
This AI summary has been generated from reviews found on Facebook.
Is Arbor Acres United Methodist Retirement Community Inc legitimate?
Arbor Acres United Methodist Retirement Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arbor Acres United Methodist 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: $805,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,725,224
For more financial information, click here
Official website here: www.arboracres.org
What is the mission statement of Arbor Acres United Methodist Retirement Community Inc?
Arbor Acres United Methodist Retirement Community Inc is dedicated to serving senior adults by providing them with opportunities for security, contentment, and life with meaning and purpose. As an affiliate ministry of the United Methodist Church, Arbor Acres offers facilities and programs that enhance the living experience for seniors.
The continuing care retirement community consists of various living arrangements including independent living units, assisted living, memory care, and skilled nursing care. Arbor Acres also offers adult care home beds for those in need of additional support.
An essential component of Arbor Acres' mission is the provision of financial assistance to enable residents to afford living there. In the year ending December 31, 2022, $1,247,924 was provided to residents in financial aid.
Throughout the year, Arbor Acres facilitated community service projects with residents, such as Habitat for Humanity and the Forsyth Backpack Program, and made monetary donations to various organizations, including the Community Care Center, Age-Friendly Forsyth, and the Shepherd's Center.
Additionally, Arbor Acres maintained high occupancy rates and sponsored resident participation in projects, exceeding 90% occupancy in independent living units and near full occupancy in assisted living, memory care, and skilled nursing levels.
Official website here: www.arboracres.org
Who is the CEO of Arbor Acres United Methodist Retirement Community Inc?
Andrew Applegate is the Ceo of Arbor Acres United Methodist Retirement Community Inc. The CEO's salary of Arbor Acres United Methodist Retirement Community Inc is $334,095 and their total compensation is $379,965.
Official website here: www.arboracres.org
What is the revenue of Arbor Acres United Methodist Retirement Community Inc?
Arbor Acres United Methodist Retirement Community Inc's revenue in 2022 was $44,731,107.
Official website here: www.arboracres.org
Who are the executives of Arbor Acres United Methodist Retirement Community Inc and what are their salaries?
The average compensation at Arbor Acres United Methodist Retirement Community Inc during 2022 was $28,601. There are 543 employees and 28 volunteers at Arbor Acres United Methodist Retirement Community Inc.
Here are 34 key members and their salaries (Arbor Acres United Methodist Retirement Community Inc's CEO's salary is $334,095 and their total compensation is $379,965):
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Official website here: www.arboracres.org
Where can I find the form 990 for Arbor Acres United Methodist Retirement Community Inc?
Arbor Acres United Methodist Retirement Community Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.arboracres.org
Learn more at the official website: www.arboracres.org
Mission Statement of Arbor Acres United Methodist Retirement Community Inc
Arbor Acres United Methodist Retirement Community Inc is a faith-based organization dedicated to serving senior adults with a mission to provide them with security, contentment, and life filled with meaning and purpose. This affiliate ministry of the United Methodist Church goes beyond offering residential facilities; it enhances opportunities for seniors to thrive.
Arbor Acres is a Continuing Care Retirement Community (CCRC) that provides various types of living arrangements, catering to the diverse needs of older adults. With 120 studio, efficiency, and connecting room suites, 2 two-bedroom courtyard apartments, 6 one-bedroom, and 6 two-bedroom cluster homes, and 119 houses, Arbor Aces offers a range of independent living options. For those needing more care, the community also has 95 adult care home beds and 83 nursing care beds located in the Fitzgerald Health Center. As of December 31, 2022, Arbor Acres served 482 residents in these units.
A significant part of fulfilling Arbor Acres' mission involves financial assistance to enable seniors who may not be able to afford living there to do so. In 2022, a total of $1,247,924 was provided to residents to help maintain their residency at the facility. The organization's commitment to its mission is evident in its various accomplishments during the year. It maintained near full occupancy of assisted living, memory care, and skilled nursing levels of available licensed care and exceeded 90% occupancy of independent living units. Additionally, Arbor Acres encouraged resident involvement in community service projects, such as Habitat for Humanity, Forsyth Backpack Program, Audubon Society, Torch Club, and Trellis Supportive Care. Furthermore, the community made monetary donations to various organizations, including the Community Care Center, Habitat for Humanity, Age-Friendly Forsyth, The Shepherd's Center, YWCA, and Winston Salem State University.
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Impact
October, 2024
Arbor Acres United Methodist Retirement Community Inc has a profound impact on the lives of senior adults, providing them with a secure and fulfilling living environment. By offering a range of accommodations—from independent living units to assisted living and nursing care—Arbor Acres ensures that residents receive the appropriate level of support tailored to their needs.
The community serves 482 residents, prioritizing their well-being and quality of life. Arbor Acres not only emphasizes comfort through its well-designed living spaces, which include studio and one- to two-bedroom units, but also fosters a vibrant community spirit by actively involving residents in various community service projects, including collaborations with organizations like Habitat for Humanity and the Forsyth Backpack Program.
Arbor Acres is committed to making its services accessible to those in need. In 2022 alone, $1,247,924 in financial assistance was provided, enabling individuals who might otherwise struggle financially to enjoy the benefits of living in this supportive environment.
The community promotes engagement, empowerment, and fulfillment, as evidenced by its nearly full occupancy rates in assisted living and memory care units. Its mission of enhancing life with meaning and purpose is reflected in the diverse activities available to residents and the partnerships forged with organizations that serve the wider community. Overall, Arbor Acres significantly enriches the lives of seniors by fostering an atmosphere of security, connection, and opportunity for purposeful living.
This information is meant to be a general summary of Arbor Acres United Methodist 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: $62,543
- Program Service Revenue: $37,371,984
- Gross Receipts: $45,501,658
Assets and Liabilities:
- Total Assets: $194,181,150
- Total Liabilities: $127,764,705
- Net Assets: $66,416,445
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT FEES
Revenue
$29,734,517
DEFERRED ENTRANCE FEES
Revenue
$5,676,357
HOME CARE FEES
Revenue
$1,772,121
MODIFICATION FEES EARNED
Revenue
$168,789
APPLICATION FEES
Revenue
$20,200
Organization Details
Founding Year
1975
Phone
(336) 724-7921Principal Officer
Andrew Applegate
Main Address
1240 ARBOR ROAD, WINSTONSALEM, NC, 271041197
Website
www.arboracres.orgNTEE Category
Code: P75 - Human services
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