Overview
What is Canterbury Tower Inc?
Canterbury Tower Inc, located in Tampa, Florida, is a nonprofit organization that specializes in providing comprehensive care for the elderly. Their primary focus is on operating a Continuing Care Retirement Community, which offers both independent living apartments and skilled nursing beds. The community, consisting of 125 apartments and 60 beds, operates under an endowment agreement, requiring a one-time fee and monthly maintenance fees, granting residents lifetime use and privileges. These funds support the provision of housing, healthcare, and various personal services to the elderly residents. As of December 31, 2022, Canterbury Tower Inc employs 156 individuals, dedicated to ensuring the wellbeing and comfort of the elderly population it serves.
Official website here: www.canterburytower.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 86% (Three-Star out of Four Star Rating)**
Canterbury Tower Inc received an 86% overall score from Charity Navigator, reflecting a solid commitment to accountability and financial transparency. The score indicates the charity operates with a predominantly independent board, strong financial oversight, and comprehensive policies such as conflict of interest and whistleblower protections. However, notable limitations persist with a lack of scoring in additional categories like Leadership & Adaptability, Culture & Community, and Impact & Measurement, suggesting areas where the organization may improve.
The financial metrics are quite positive, showcasing a high program expense ratio, which indicates that a significant portion of its funding is allocated to programmatic efforts versus administrative costs. Impressively, there have been no reported diversions of assets, and the organization has well-documented management practices. Nonetheless, the absence of a tax form on the nonprofit's website raises questions about transparency in financial reporting.
Not Available.
This AI summary has been generated from information found on Charity Navigator.
Is Canterbury Tower Inc legitimate?
Canterbury Tower Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Canterbury Tower 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: $933,386
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,555,233
For more financial information, click here
Official website here: www.canterburytower.org
What is the mission statement of Canterbury Tower Inc?
Canterbury Tower Inc's mission is centered around providing housing, healthcare, and various personal services to elderly residents. This is accomplished through the operation of a continuing care retirement community. The organization's primary goal is to offer a comprehensive living solution for the elderly, encompassing both independent living apartments and skilled nursing beds. Under the continuing care concept, residents enter into an endowment agreement, which involves a one-time endowment fee and ongoing maintenance fees, granting them lifelong access to the community's facilities and privileges.
Official website here: www.canterburytower.org
Who is the CEO of Canterbury Tower Inc?
Caridad Vinas is the President/Ceo of Canterbury Tower Inc. The CEO's salary of Canterbury Tower Inc is $771,154 and their total compensation is $816,174.
Official website here: www.canterburytower.org
What is the revenue of Canterbury Tower Inc?
Canterbury Tower Inc's revenue in 2022 was $8,839,397.
Official website here: www.canterburytower.org
Who are the executives of Canterbury Tower Inc and what are their salaries?
The average compensation at Canterbury Tower Inc during 2022 was $28,773. There are 156 employees at Canterbury Tower Inc.
Here are 8 key members and their salaries (Canterbury Tower Inc's CEO's salary is $771,154 and their total compensation is $816,174):
- Compensation: $771,154
- Related: $0
- Other: $45,020
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $100,812
- Related: $0
- Other: $3,900
- Compensation: $150,778
- Related: $0
- Other: $29,478
Official website here: www.canterburytower.org
Where can I find the form 990 for Canterbury Tower Inc?
Canterbury Tower Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.canterburytower.org
Learn more at the official website: www.canterburytower.org
Mission Statement of Canterbury Tower Inc
Canterbury Tower Inc, a nonprofit organization, is dedicated to serving the elderly population. Its mission is to provide housing, healthcare, and various personal services to senior residents. Through the operation of a Continuing Care Retirement Community in an unspecified location, Canterbury Tower Inc aims to cater to the needs of elderly individuals, offering them a safe and comfortable living environment.
The organization operates under the Continuing Care Concept, which requires residents to pay a one-time endowment fee and monthly maintenance fees. In return, they gain access to the facilities and privileges of Canterbury Tower Inc for their lifetime. As of December 31, 2022, the community is composed of 125 independent living apartments and 60 skilled nursing beds, providing a range of living options to cater to different needs and preferences. Canterbury Tower Inc's mission is to ensure that elderly residents lead a dignified and independent life, with access to necessary healthcare and personal services, enabling them to age gracefully and with peace of mind.
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Impact
July, 2024
Canterbury Tower Inc's impact is significant in the field of human services, particularly in providing housing, health care, and personal services to the elderly population in Tampa, Florida. Through the operation of a licensed continuing care retirement community, Canterbury Tower Inc offers a range of accommodations and services to meet the needs of its residents. By adhering to a continuing care concept, residents benefit from a structured agreement that ensures access to the community's facilities and services for life in exchange for an endowment fee and monthly maintenance fees. With a mission focused on enhancing the well-being of elderly residents, Canterbury Tower Inc plays a vital role in supporting and enriching the lives of the aging population in its community.
This information is meant to be a general summary of Canterbury Tower 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: $629,425
- Program Service Revenue: $8,199,842
- Gross Receipts: $8,839,397
Assets and Liabilities:
- Total Assets: $23,426,665
- Total Liabilities: $14,920,425
- Net Assets: $8,506,240
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MAINTENANCE FEES
Revenue
$3,459,657
NET HEALTH CARE SERVICES
Revenue
$2,362,839
EARNED ENTRANCE FEES
Revenue
$2,242,362
OTHER RESIDENT REVENUE
Revenue
$134,984
Organization Details
Founding Year
1976
Phone
(813) 837-1083Principal Officer
Caridad Vinas
Main Address
3501 BAYSHORE BOULEVARD, TAMPA, FL, 33629
Website
www.canterburytower.orgNTEE Category
Code: P75 - Human services
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