Overview
What is Southminster Inc?
Southminster Inc, located at 8910 Park Road, Charlotte, NC, is a prominent nonprofit organization dedicated to offering continuing care to older adults. The community provides a range of services, including independent living, assisted living, and nursing, enabling older adults to live autonomously and actively according to their capabilities. With a mission rooted in embracing community, caring, and collaboration, Southminster Inc strives to enrich the lives of those they serve, with a workforce of 582 individuals.
Official website here: www.southminster.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Southminster Inc has received an 81% rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization has a fully independent board and demonstrates effective oversight with no material diversion of assets. Key financial practices, such as having a conflict of interest policy and a whistleblower policy, are in place, emphasizing the charity's commitment to transparency and ethical governance.
User feedback highlights some positive aspects, such as a well-regarded local board and a healthy social environment within the community. However, there are concerns regarding the quality of healthcare services provided. Reviewers pointed out that while Southminster is known for its healthcare, the facilities are outdated and do not meet contemporary care standards, particularly for room size and privacy.
Overall, while Southminster has a strong financial rating and governance structure, it may need to address the limitations in its healthcare facilities to better serve its residents and meet modern care expectations.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Southminster Inc legitimate?
Southminster Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southminster 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: $1,037,289
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,935,246
For more financial information, click here
Official website here: www.southminster.org
What is the mission statement of Southminster Inc?
Southminster Inc is dedicated to enriching the lives of those they serve by embracing community, caring, and collaboration. Their mission goes beyond just providing continuing care to older adults; it allows them to live independently and as actively as their abilities permit. The organization offers a continuum of services including independent living, assisted living, and nursing care. By doing so, Southminster Inc aims to create an environment where older adults can thrive and maintain their independence. The community focuses on fostering a sense of belonging and support to enhance the overall well-being of its residents.
Official website here: www.southminster.org
Who is the CEO of Southminster Inc?
Ben Gilchrist is the President & Ceo of Southminster Inc. The CEO's salary of Southminster Inc is $363,848 and their total compensation is $424,134.
Official website here: www.southminster.org
What is the revenue of Southminster Inc?
Southminster Inc's revenue in 2022 was $46,562,509.
Official website here: www.southminster.org
Who are the executives of Southminster Inc and what are their salaries?
The average compensation at Southminster Inc during 2022 was $25,726. There are 582 employees and 80 volunteers at Southminster Inc.
Here are 24 key members and their salaries (Southminster Inc's CEO's salary is $363,848 and their total compensation is $424,134):
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- Compensation: $363,848
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- Compensation: $127,332
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- Other: $36,932
Official website here: www.southminster.org
Where can I find the form 990 for Southminster Inc?
Southminster Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southminster.org
Learn more at the official website: www.southminster.org
Mission Statement of Southminster Inc
Southminster Inc, a continuing care retirement community, is dedicated to enriching the lives of those it serves. With a mission to embrace community, caring, and collaboration, Southminster goes beyond providing basic services to older adults. It offers a continuum of care that allows older adults to live independently and as actively as their faculties and strength permit.
Residents of Southminster Inc can avail of various levels of care - independent living, assisted living, and nursing. This range of services ensures that the older adults can age gracefully in their community, receiving the necessary support as their needs change. Southminster's commitment to its mission is reflected in its caring approach to the older adults it serves. It fosters an environment where community, collaboration, and compassion are at the forefront of daily life.
Southminster, in its mission to care and collaborate, aims to enrich the lives of its residents in various ways. It creates opportunities for social engagement, intellectual stimulation, and physical well-being. Through its programs and services, Southminster fosters a sense of belonging and purpose among its residents, enabling them to live their best lives. With its focus on continuous care, Southminster ensures that its residents receive the necessary support to maintain their independence and dignity, ultimately enhancing their overall quality of life.
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Impact
October, 2024
Southminster Inc significantly impacts the lives of older adults in Charlotte, NC, by providing a comprehensive range of services that promote independence and active living. This organization fosters a supportive environment through its continuum of care, which includes independent living, assisted living, and nursing services. By focusing on community, caring, and collaboration, Southminster enriches the quality of life for its residents. The organization enables older adults to maintain their dignity and autonomy while receiving the necessary support to thrive, making it a vital resource for the elderly population in the region. This approach not only enhances individual well-being but also strengthens the broader community by creating a culture of compassion and engagement.
This information is meant to be a general summary of Southminster 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: $2,652,965
- Program Service Revenue: $40,336,896
- Gross Receipts: $54,228,520
Assets and Liabilities:
- Total Assets: $251,267,272
- Total Liabilities: $269,161,441
- Net Assets: -$17,894,169
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INDEPENDENT LIVING
Revenue
$18,610,663
HEALTHCARE REVENUE
Revenue
$9,459,975
EARNED ENTRANCE FEES
Revenue
$8,239,759
HOME CARE REVENUE
Revenue
$2,576,796
Organization Details
Founding Year
1984
Phone
(704) 551-6800Principal Officer
Ben Gilchrist
Main Address
8919 PARK ROAD, CHARLOTTE, NC, 28210
Website
www.southminster.orgNTEE Category
Code: P750 - Human services
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