Overview
What is Bishop Gadsden Episcopal Retirement Community?
Bishop Gadsden Episcopal Retirement Community is a faith-based, mission-driven, non-profit organization founded in Charleston, South Carolina, in 1850. With a long-standing commitment to providing quality care for senior adults, the community serves approximately 500 individuals, aged 62 and above, across four levels of care: independent living, assisted living, memory support, and skilled nursing care. The organization has been open to all, regardless of race, creed, religion, sexual preference, or national origin, for over 172 years. Bishop Gadsden Episcopal Retirement Community offers residential facilities designed to meet the physical, emotional, recreational, social, and religious needs of the elderly. Access to healthcare services, fiscal responsibility, and a commitment to financial security for residents are essential aspects of the organization's operations. With a workforce of 807 employees, the community embraces God's call to ministry, affirming positive living for all who live and work there. They serve with integrity and stewardship, reaching out with a generous spirit.
Official website here: www.bishopgadsden.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81% (Three-Star out of Four Star rating)
Bishop Gadsden Episcopal Retirement Community has achieved an 81% score, indicating a solid Three-Star rating. This rating is derived entirely from its accountability and finance practices, showcasing the organization’s commitment to transparency and responsible management of its resources. The charity scored full points in several areas, including having a fully independent board and comprehensive financial oversight.
The organization demonstrates strong financial accountability, with an impressive program expense ratio of 81.34%, indicating that a significant portion of its expenditures goes directly toward its programs. Additionally, the absence of any material diversion of assets reinforces the integrity of its financial practices. Policies such as conflict of interest and whistleblower protections are well-established, contributing to a robust governance structure.
However, one area that may require attention is the liabilities to assets ratio, where the organization received a score of 0 out of 15 points. This could suggest potential financial risks that might need closer examination. Overall, while Bishop Gadsden Episcopal Retirement Community showcases strong governance and transparency, it may benefit from addressing its financial liabilities to enhance its overall stability.
This AI summary has been generated from information found on Charity Navigator.
Is Bishop Gadsden Episcopal Retirement Community legitimate?
Bishop Gadsden Episcopal Retirement Community is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bishop Gadsden Episcopal Retirement Community 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: $1,667,175
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,653,310
For more financial information, click here
Official website here: www.bishopgadsden.org
What is the mission statement of Bishop Gadsden Episcopal Retirement Community?
Bishop Gadsden Episcopal Retirement Community is a faith-based organization dedicated to providing housing and healthcare services for senior adults. Embracing God's call to ministry, the community affirms positive living and serves with integrity and wise stewardship. Founded in 1850, it has a long-term obligation to its residents and removes financial barriers to residency. The mission-driven, non-profit organization serves approximately 500 senior adults in four levels of care, addressing their primary needs by providing residential facilities, access to healthcare services, fiscal responsibility, and financial security.
Official website here: www.bishopgadsden.org
Who is the CEO of Bishop Gadsden Episcopal Retirement Community?
Sarah Tipton is the Chair of Bishop Gadsden Episcopal Retirement Community. The CEO's salary of Bishop Gadsden Episcopal Retirement Community is $354,701 and their total compensation is $415,107.
Official website here: www.bishopgadsden.org
What is the revenue of Bishop Gadsden Episcopal Retirement Community?
Bishop Gadsden Episcopal Retirement Community's revenue in 2022 was $48,387,457.
Official website here: www.bishopgadsden.org
Who are the executives of Bishop Gadsden Episcopal Retirement Community and what are their salaries?
The average compensation at Bishop Gadsden Episcopal Retirement Community during 2022 was $23,941. There are 807 employees and 20 volunteers at Bishop Gadsden Episcopal Retirement Community.
Here are 24 key members and their salaries (Bishop Gadsden Episcopal Retirement Community's CEO's salary is $354,701 and their total compensation is $415,107):
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Compensation: $0
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- Other: $0
- Compensation: $354,701
- Related: $0
- Other: $60,406
- Compensation: $344,888
- Related: $0
- Other: $53,246
- Compensation: $233,898
- Related: $0
- Other: $40,913
- Compensation: $174,826
- Related: $0
- Other: $23,313
- Compensation: $151,229
- Related: $0
- Other: $26,965
- Compensation: $196,058
- Related: $0
- Other: $6,732
- Compensation: $171,663
- Related: $0
- Other: $17,891
- Compensation: $144,514
- Related: $0
- Other: $27,333
- Compensation: $134,828
- Related: $0
- Other: $30,022
- Compensation: $133,385
- Related: $0
- Other: $15,964
- Compensation: $115,364
- Related: $0
- Other: $24,227
Official website here: www.bishopgadsden.org
Where can I find the form 990 for Bishop Gadsden Episcopal Retirement Community?
Bishop Gadsden Episcopal Retirement Community's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bishopgadsden.org
Learn more at the official website: www.bishopgadsden.org
Mission Statement of Bishop Gadsden Episcopal Retirement Community
Bishop Gadsden Episcopal Retirement Community is a faith-based organization that provides housing and healthcare services to over 500 senior adults, age 62 and above. Founded over 172 years ago, this mission-driven retirement community upholds the tradition of not-for-profit organizations dedicated to the well-being of older individuals. The community, rooted in the greater Charleston area, has responded to the needs of the community throughout its long history and has always been open to all men and women, regardless of race, creed, religion, sexual preference, or national origin.
Bishop Gadsden Episcopal Retirement Community serves approximately 500 senior adults residing in four levels of care: Independent Community (268 units), Assisted Living (79 units), Memory Support (32 beds), and Skilled Nursing Care (100 beds). The organization is committed to meeting the primary needs of senior citizens by providing residential facilities designed to cater to their physical, emotional, recreational, social, and religious needs. It ensures access to healthcare services as needed and operates in a fiscally responsible manner. Furthermore, the community offers financial security to any resident who runs out of money through no fault of their own.
In its mission to minister to older adults, Bishop Gadsden Episcopal Retirement Community embraces God's call to service. Its residents and staff live with integrity and exercise wise stewardship. The organization reaches out with a generous spirit, affirming positive living for all. Through its long-term obligation to its residents, Bishop Gadsden has become an essential resource for the elderly population in need of care and support.
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Impact
October, 2024
Bishop Gadsden Episcopal Retirement Community significantly enhances the quality of life for senior citizens in Charleston, SC. Established in 1850, it offers a comprehensive range of living arrangements and healthcare services tailored for approximately 500 residents aged 62 and older. The community features four distinct levels of care, including independent living, assisted living, memory support, and skilled nursing care, thus ensuring that all residents receive the appropriate support based on their individual needs.
The community empowers its residents by providing a secure and nurturing environment that prioritizes their physical, emotional, and social well-being. It fosters a sense of belonging through various recreational and spiritual activities, affirming a commitment to positive living. Moreover, Bishop Gadsden is dedicated to maintaining financial accessibility, ensuring that no resident faces displacement due to financial hardship, and upholding its long-standing values of inclusivity and fairness.
Through its mission-driven approach, Bishop Gadsden not only meets the immediate needs of its residents but also addresses broader community concerns, adapting to the evolving requirements of the greater Charleston area over the decades. The facility's emphasis on integrity and wise stewardship reflects its deep-rooted commitment to quality care and service for all, making it a vital resource for senior citizens and their families.
This information is meant to be a general summary of Bishop Gadsden Episcopal Retirement Community. 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: $1,491,860
- Program Service Revenue: $43,315,096
- Gross Receipts: $52,956,984
Assets and Liabilities:
- Total Assets: $292,676,122
- Total Liabilities: $237,362,196
- Net Assets: $55,313,926
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT REVENUE
Revenue
$43,315,096
Organization Details
Founding Year
1943
Phone
(843) 406-6298Principal Officer
Sarah Tipton
Main Address
1 BISHOP GADSDEN WAY, CHARLESTON, SC, 29412
Website
www.bishopgadsden.orgNTEE Category
Code: P750 - Human services
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