Overview
What is Grace Lifecare Inc?
Grace Lifecare Inc is a nonprofit organization situated in Morganton, North Carolina, specifically at 500 Lenoir Road, 28655. They specialize in retirement living, offering independent living quarters, a health facility, and various amenities to cater to the needs of retirees. The organization is deeply committed to enhancing the health of its communities by delivering exceptional and compassionate care. Their mission revolves around improving the overall wellbeing of the communities they serve. Grace Lifecare Inc operates a retirement community that provides a comfortable and supportive environment for senior citizens.
Official website here: www.blueridgehealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Grace Lifecare Inc has received a solid Three-Star rating from Charity Navigator, indicating a commitment to accountability and finance. The charity has excelled in various operational metrics, achieving an impressive 81% score in accountability and finance, which reflects its effective governance and sound financial practices.
A notable strength of Grace Lifecare Inc is its independent board structure, with 91% of board members being independent. The organization also demonstrates transparency through comprehensive policies, including conflict of interest and whistleblower policies, and maintains thorough documentation of board meetings. Additionally, the program expense ratio is commendable at 85.41%, illustrating a strong focus on programmatic spending.
However, the executive salaries are notably high, with the President & CEO earning $965,485. While this may raise questions regarding compensation practices, the overall governance and financial stewardship of the organization appear robust, warranting its positive rating.
This AI summary has been generated from information found on Charity Navigator.
Is Grace Lifecare Inc legitimate?
Grace Lifecare Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace Lifecare 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: $2,611,541
For more financial information, click here
Official website here: www.blueridgehealth.org
What is the mission statement of Grace Lifecare Inc?
Grace Lifecare Inc's mission is centered around enhancing community health. They accomplish this by delivering exceptional and compassionate care. The organization operates a retirement community, encompassing independent living quarters, a health facility, and various amenities, all designed for senior living. By providing this comprehensive care, Grace Lifecare Inc strives to improve the wellbeing of its communities.
Official website here: www.blueridgehealth.org
Who is the CEO of Grace Lifecare Inc?
Kathy Bailey is the President & Ceo of Grace Lifecare Inc. The CEO's salary of Grace Lifecare Inc is $0 and their total compensation is $0.
Official website here: www.blueridgehealth.org
What is the revenue of Grace Lifecare Inc?
Grace Lifecare Inc's revenue in 2022 was $4,983,135.
Official website here: www.blueridgehealth.org
Who are the executives of Grace Lifecare Inc and what are their salaries?
There 25 volunteers at Grace Lifecare Inc.
Here are 11 key members and their salaries (Grace Lifecare Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.blueridgehealth.org
Where can I find the form 990 for Grace Lifecare Inc?
Grace Lifecare Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.blueridgehealth.org
Learn more at the official website: www.blueridgehealth.org
Mission Statement of Grace Lifecare Inc
Grace Lifecare Inc, a dedicated organization, is committed to enhancing the health of its communities through the provision of excellent and compassionate care. This mission is rooted in the belief that quality care is essential for the well-being of individuals and communities as a whole. The organization operates a retirement community, providing independent living quarters, a health facility, and various amenities. This comprehensive approach to retirement living allows Grace Lifecare Inc to cater to the diverse needs of its community members, ensuring they can age with dignity and comfort. The organization's commitment to excellence and compassion makes it a valued contributor to the health and well-being of its communities.
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Impact
July, 2024
Grace Lifecare Inc is making a significant impact by improving the health and well-being of the community through its commitment to providing excellent and compassionate care. Operating a retirement community with independent living quarters, a health facility, and other amenities for retirement living, the organization is actively serving the needs of its residents in Morganton, NC. The dedication to human services and the mission to enhance community health underscore the valuable impact Grace Lifecare Inc is making in the lives of those it serves.
This information is meant to be a general summary of Grace Lifecare 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: $74,917
- Program Service Revenue: $4,894,057
- Gross Receipts: $4,983,135
Assets and Liabilities:
- Total Assets: $23,871,390
- Total Liabilities: $23,754,571
- Net Assets: $116,819
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERATING REVENUE
Revenue
$3,696,546
RESIDENT REVENUE
Revenue
$1,197,511
Organization Details
Founding Year
1992
Phone
(828) 580-5000Principal Officer
Kathy Bailey
Main Address
500 LENOIR ROAD, MORGANTON, NC, 28655
Website
www.blueridgehealth.orgNTEE Category
Code: P750 - Human services
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