Overview
What is Glenaire Inc?
Glenaire Inc is a non-profit, church-related community in Colfax, North Carolina, with a stable and compassionate environment. They provide residential, assisted living, and nursing care to approximately 414 senior adults. Their offerings include essential services such as housekeeping, food service, and medical support. Glenaire's mission is to foster vibrant, quality living for seniors, and their vision is to create a community of excellence and innovation. They aim to deliver a comprehensive care experience in a continuing care community.
Official website here: www.glenaire.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Glenaire Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The overall score of 81% indicates that the organization demonstrates a strong commitment to transparency and governance, particularly evident in its independent board composition and comprehensive financial oversight.
The organization excels in several areas, such as having 100% independent board members and a robust financial statements oversight structure, which includes regular audits. It also scores well in program expenses, with about 80% allocated to programs, showcasing effective resource utilization. Additionally, Glenaire Inc has well-established policies for conflicts of interest, whistleblower protections, and document retention.
However, the rating also highlights a point of concern regarding its liabilities to assets ratio, where it scored lower, indicating potential financial vulnerability. While the charity demonstrates strong governance practices, the financial health aspect should be monitored closely to ensure sustainability in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Glenaire Inc legitimate?
Glenaire Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Glenaire 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: $800,567
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,224,081
For more financial information, click here
Official website here: www.glenaire.org
What is the mission statement of Glenaire Inc?
Glenaire Inc is a non-profit organization dedicated to creating a vibrant and high-quality living environment for seniors. Their mission is to foster a stable and compassionate community where seniors can thrive. The organization provides residential, assisted living, and nursing care for approximately 414 senior adults. They offer various services including housekeeping, food service, and medical support in a continuing care community. Glenaire Inc aims to enhance the lives of seniors by ensuring their basic needs are met and providing a nurturing community atmosphere. Their commitment to seniors' well-being is reflected in their comprehensive range of services and compassionate approach.
Official website here: www.glenaire.org
Who is the CEO of Glenaire Inc?
Timothy Webster is the CEO of Glenaire Inc The CEO's salary of Glenaire Inc is $0 and their total compensation is $549,744.
Official website here: www.glenaire.org
What is the revenue of Glenaire Inc?
Glenaire Inc's revenue in 2023 was $30,924,636.
Official website here: www.glenaire.org
Who are the executives of Glenaire Inc and what are their salaries?
There 210 volunteers at Glenaire Inc.
Here are 27 key members and their salaries (Glenaire Inc's CEO's salary is $0 and their total compensation is $549,744):
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- Related: $526,459
- Other: $23,285
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- Other: $10,741
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- Related: $124,785
- Other: $10,811
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- Related: $102,671
- Other: $5,758
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- Related: $100,416
- Other: $9,782
Official website here: www.glenaire.org
Where can I find the form 990 for Glenaire Inc?
Glenaire Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.glenaire.org
Learn more at the official website: www.glenaire.org
Mission Statement of Glenaire Inc
Glenaire Inc, a leading non-profit organization, is dedicated to creating a vibrant and high-quality living environment for senior adults. With a compassionate and stable approach, Glenaire aims to provide a community of excellence and innovation for its residents.
The mission of Glenaire Inc is rooted in its commitment to foster a nurturing and supportive atmosphere for seniors. As a church-related community, it offers a full range of residential, assisted living, and nursing care services to approximately 414 senior adult residents. Glenaire's team of professionals ensures that each resident receives essential services such as housekeeping and food service, along with medical support and other necessary assistance.
Glenaire Inc goes beyond the basics of care, fostering an engaging and enriching living experience for its residents. Its continuing care community model allows for the seamless transition between different levels of care as needed, ensuring that seniors can age gracefully within the Glenaire community. The organization's compassionate and dedicated staff is always on hand to support and enhance the quality of life for all its residents.
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Impact
October, 2024
Glenaire Inc plays a pivotal role in enhancing the quality of life for senior adults in Colfax, NC. By providing a stable and compassionate environment, Glenaire Inc offers residential, assisted living, and nursing care to approximately 414 residents. The organization is committed to fostering a community of excellence and innovation, ensuring that seniors have access to essential services such as housekeeping, food service, and medical support.
Through its mission of fostering vibrant living, Glenaire Inc not only meets the immediate needs of its residents but also creates an atmosphere where seniors can thrive. This comprehensive approach contributes significantly to the overall well-being of the community, allowing older adults to enjoy their later years with dignity and support. The emphasis on quality living and compassionate care reflects Glenaire's dedication to serving the unique needs of the senior population, making a lasting impact within the community.
This information is meant to be a general summary of Glenaire 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: $1,585,032
- Program Service Revenue: $28,490,638
- Gross Receipts: $38,070,532
Assets and Liabilities:
- Total Assets: $269,672,296
- Total Liabilities: $215,434,861
- Net Assets: $54,237,435
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICE FEES
Revenue
$23,721,402
AMORTIZED ENTRY FEES
Revenue
$3,399,782
ANCILLARY INCOME
Revenue
$1,277,220
FOOD SERVICE REVENUE
Revenue
$92,234
Organization Details
Founding Year
1991
Principal Officer
Timothy J Webster
Website
www.glenaire.orgNTEE Category
Code: P750 - Human services
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