Overview
What is Lake Prince Center?
Lake Prince Center is a continuing care retirement community located in Suffolk, Virginia. This nonprofit organization, with a staff of 226 employees, offers long-term care services for the elderly, including nursing, meals, laundry, recreation, and other essential support. Rooted in Christian values, Lake Prince Center strives to provide vibrant living and diverse programs of outreach, delivering compassionate services to its residents.
Official website here: www.lakeprincewoods.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%
Lake Prince Center has received a Three-Star out of Four Star rating from Charity Navigator, reflecting an overall score of 81%. This rating is based on a comprehensive evaluation of their accountability and finance practices, which scored highly, indicating a strong commitment to financial transparency and responsible governance.
The organization demonstrates significant strengths, including a fully independent board of directors and excellent oversight practices. Their program expense ratio is notably high at 92.23%, suggesting that the majority of their funding is directed toward their programs, which is a positive indicator of their operational efficiency.
While the rating is solid, the score being derived solely from the Accountability & Finance beacon means that it does not encompass other important aspects such as program effectiveness. This single focus may limit a comprehensive understanding of the organization’s overall impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Prince Center legitimate?
Lake Prince Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Prince Center 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: $200,698
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,840,086
For more financial information, click here
Official website here: www.lakeprincewoods.org
What is the mission statement of Lake Prince Center?
The Lake Prince Center functions as a Christian ministry, dedicated to offering vibrant living conditions and diverse programs of outreach. Its mission encompasses providing compassionate services to individuals in need. The organization focuses on delivering long-term care, which includes nursing, meals, laundry, recreation, and other essential services for its residents. The ministry's primary goal is to enhance the lives of those it serves and create an engaging community atmosphere. Through its commitment to compassion and diversity, the Lake Prince Center fosters an environment of care and support.
Official website here: www.lakeprincewoods.org
Who is the CEO of Lake Prince Center?
Lee B Syria is the Chair of Lake Prince Center. The CEO's salary of Lake Prince Center is $0 and their total compensation is $442,114.
Official website here: www.lakeprincewoods.org
What is the revenue of Lake Prince Center?
Lake Prince Center's revenue in 2022 was $13,762,352.
Official website here: www.lakeprincewoods.org
Who are the executives of Lake Prince Center and what are their salaries?
The average compensation at Lake Prince Center during 2022 was $22,304. There are 226 employees and 120 volunteers at Lake Prince Center.
Here are 21 key members and their salaries (Lake Prince Center's CEO's salary is $0 and their total compensation is $442,114):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $403,114
- Other: $39,000
- Compensation: $0
- Related: $256,451
- Other: $21,179
- Compensation: $194,860
- Related: $0
- Other: $27,470
Official website here: www.lakeprincewoods.org
Where can I find the form 990 for Lake Prince Center?
Lake Prince Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakeprincewoods.org
Learn more at the official website: www.lakeprincewoods.org
Mission Statement of Lake Prince Center
Lake Prince Center, a Christian ministry, is dedicated to enriching lives and offering a variety of outreach programs and compassionate services. The mission of this organization is threefold: providing vibrant living, diverse programs, and compassionate services.
In practice, Lake Prince Center focuses on caring for the elderly through long-term care. This includes essential services such as nursing, meals, laundry, and recreation, designed to enhance the quality of life for its residents. The organization's commitment to its mission goes beyond the basics, offering a vibrant living experience for its residents and fostering an atmosphere of compassion and support.
As a Christian ministry, Lake Prince Center strives to create an inclusive environment that caters to the diverse needs of its community. Its programs are tailored to offer opportunities for personal growth and social engagement, allowing residents to live meaningfully and connected to others. The compassionate services provided by Lake Prince Center are not only essential for daily living but also serve to promote the overall well-being of its residents.
In summary, Lake Prince Center is a beacon of hope and support for the elderly, providing essential services and a vibrant living experience within a caring and inclusive community. Through its mission, the organization not only meets the basic needs of its residents but also fosters an environment that promotes personal growth and connection.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Lake Prince Center significantly enhances the quality of life for the elderly in Suffolk, VA, by offering a comprehensive range of services and programs tailored to their needs. As a continuing care retirement community, it provides essential long-term care, including nursing, meals, laundry, and recreational activities, ensuring that residents enjoy a vibrant and fulfilling lifestyle.
The center emphasizes compassionate care and outreach, fostering a supportive environment where residents can thrive socially, emotionally, and physically. By offering diverse programs that engage residents and promote community involvement, Lake Prince Center not only meets the basic needs of its residents but also enriches their lives through purposeful interaction and service. This holistic approach reflects its commitment to nurturing both the well-being of individuals and the community as a whole.
This information is meant to be a general summary of Lake Prince Center. 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: $15,461
- Program Service Revenue: $12,039,746
- Gross Receipts: $13,762,352
Assets and Liabilities:
- Total Assets: $22,105,583
- Total Liabilities: $40,439,882
- Net Assets: -$18,334,299
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$12,039,746
Organization Details
Founding Year
1999
Phone
(828) 465-8019Principal Officer
Lee B Syria
Main Address
100 LEONARD AVENUE, NEWTON, NC, 28658
Website
www.lakeprincewoods.orgNTEE Category
Code: L22 - Housing
If you are a representative of Lake Prince Center and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.