Overview
What is Bay Village Of Sarasota Inc?
Bay Village of Sarasota Inc, located in Sarasota, Florida, is a church-related continuing care retirement community. With a total of 343 employees, they offer a comprehensive living solution for older adults, providing meaningful community life with continuing care. Their services range from independent retirement living to skilled nursing, including 282 independent living apartments, 22 assisted living apartments, and 95 health center beds. In 2022, the organization served approximately 362 residents, consisting of 301 life-care residents and 61 community residents. Bay Village is committed to enhancing the quality of life for residents by offering nursing and healthcare, recreational and spiritual opportunities. They are dedicated to honoring each person's dignity, rights, self-respect, and independence. Additionally, they have a benevolence program to ensure that residents, who have exhausted their financial resources through no fault of their own, can remain as residents even if they become unable to pay. Bay Village of Sarasota, Inc. is committed to stewardship and using resources wisely.
Official website here: www.bayvillage.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Bay Village Of Sarasota Inc has achieved a commendable Four-Star rating on Charity Navigator, reflecting a strong commitment to accountability and financial transparency. The rating is based entirely on their performance in the Accountability & Finance beacon, where they scored exceptionally high in all evaluated areas, demonstrating effective governance practices and responsible financial management.
The organization benefits from an entirely independent board, which plays a crucial role in ensuring unbiased oversight, contributing to their stellar ratings in board governance. Their financial structure is robust, with a program expense ratio of 92.48%, indicating that a significant portion of their expenditures directly supports their mission-related programs. Additionally, they have implemented several key policies, including conflict of interest and whistleblower protections, which enhance their operational integrity.
While the overall data reflects strong organizational health, it is important for potential donors and stakeholders to continuously monitor the organization’s activities and impact. As with any nonprofit, ongoing transparency and effective communication of their programs and outcomes are essential to maintain trust and support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Bay Village Of Sarasota Inc legitimate?
Bay Village Of Sarasota Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bay Village Of Sarasota 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: $808,578
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,691,055
For more financial information, click here
Official website here: www.bayvillage.org
What is the mission statement of Bay Village Of Sarasota Inc?
Bay Village of Sarasota Inc is a church-related continuing care retirement community that provides dynamic, secure, and comprehensive living options for older adults. Committed to serving residents of all faiths, the organization offers various levels of care, from independent retirement living to skilled nursing, while maintaining each individual's dignity, rights, self-respect, and independence.
Founded on Christian principles, Bay Village provides high-quality nursing and healthcare, recreational and spiritual opportunities to enhance residents' lives. The community is dedicated to stewardship, recognizing its responsibility to use resources wisely.
Bay Village's benevolence program ensures that residents who have exhausted their financial resources through no fault of their own can continue living in the community if they become unable to pay. The mission of Bay Village of Sarasota Inc is to offer meaningful community life with continuing care, providing the highest quality of service to its residents.
Official website here: www.bayvillage.org
Who is the CEO of Bay Village Of Sarasota Inc?
Eric T Nichols is the Director of Bay Village Of Sarasota Inc. The CEO's salary of Bay Village Of Sarasota Inc is $323,142 and their total compensation is $343,169.
Official website here: www.bayvillage.org
What is the revenue of Bay Village Of Sarasota Inc?
Bay Village Of Sarasota Inc's revenue in 2022 was $29,906,888.
Official website here: www.bayvillage.org
Who are the executives of Bay Village Of Sarasota Inc and what are their salaries?
The average compensation at Bay Village Of Sarasota Inc during 2022 was $30,611. There are 343 employees and 140 volunteers at Bay Village Of Sarasota Inc.
Here are 20 key members and their salaries (Bay Village Of Sarasota Inc's CEO's salary is $323,142 and their total compensation is $343,169):
- 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: $323,142
- Related: $0
- Other: $20,027
- Compensation: $268,372
- Related: $0
- Other: $18,101
- Compensation: $170,842
- Related: $0
- Other: $8,094
- Compensation: $140,873
- Related: $0
- Other: $13,788
- Compensation: $132,945
- Related: $0
- Other: $13,416
- Compensation: $122,320
- Related: $0
- Other: $4,893
- Compensation: $119,357
- Related: $0
- Other: $14,324
- Compensation: $116,821
- Related: $0
- Other: $8,248
Official website here: www.bayvillage.org
Where can I find the form 990 for Bay Village Of Sarasota Inc?
Bay Village Of Sarasota Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bayvillage.org
Learn more at the official website: www.bayvillage.org
Mission Statement of Bay Village Of Sarasota Inc
Bay Village of Sarasota Inc, a church-related continuing care retirement community, is dedicated to offering older adults a dynamic, secure, and comprehensive living solution with continuing care. Committed to the highest quality of service for residents of all faiths, this organization provides an enriching community life that includes nursing and healthcare, recreational and spiritual opportunities.
Bay Village of Sarasota Inc's mission extends beyond basic living requirements. It aspires to enhance the quality of life for its residents through independent retirement living, assisted living, home health, skilled nursing, and social services, all while maintaining the dignity, rights, self-respect, and independence of each person. The community is built upon Christian principles and a stewardship program that recognizes its responsibility to use resources effectively.
The benevolence program at Bay Village of Sarasota Inc is a testament to the organization's compassionate and caring nature. This program aims to ensure that residents who have exhausted their financial resources, through no fault of their own, can continue residing in the community even if they are unable to pay. This commitment to compassionate care is a fundamental aspect of Bay Village of Sarasota Inc's mission.
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
Bay Village of Sarasota Inc. significantly enhances the lives of older adults by offering a secure and enriching community that supports their physical, emotional, and spiritual needs. With a diverse range of services such as independent living, assisted living, skilled nursing, and home health care, the institution prioritizes the well-being and dignity of its residents, regardless of their faith.
The community is designed to foster a meaningful lifestyle, providing residents with recreational and spiritual opportunities that promote social interaction and personal growth. This holistic approach not only addresses medical and health care needs but also nurtures the overall quality of life for its residents.
Moreover, Bay Village has established a robust benevolence program, which underscores its commitment to inclusivity and compassion. This program ensures that residents who find themselves in financial hardship through no fault of their own can continue to receive care and support, allowing them to age in place without the fear of losing their home.
In 2022 alone, Bay Village served approximately 362 residents, demonstrating its capacity to fulfill the diverse needs of older adults. With a focus on stewardship, the organization responsibly manages its resources to maintain the highest quality of care while honoring the rights and self-respect of every individual. This impactful model not only strengthens the community it serves but also sets a standard for elder care that values dignity, independence, and comprehensive support.
This information is meant to be a general summary of Bay Village Of Sarasota 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: $158,131
- Program Service Revenue: $22,619,940
- Gross Receipts: $29,995,011
Assets and Liabilities:
- Total Assets: $64,329,444
- Total Liabilities: $27,499,855
- Net Assets: $36,829,589
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 FEES
Revenue
$22,619,940
Organization Details
Founding Year
1972
Phone
(941) 966-5611Principal Officer
Eric T Nichols
Main Address
8400 VAMO ROAD, SARASOTA, FL, 34231
Website
www.bayvillage.orgNTEE Category
Code: P750 - Human services
If you are a representative of Bay Village Of Sarasota Inc 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.