Overview
What is Carpenter's Home Estates Inc?
Carpenter's Home Estates Inc, also known as The Estates, is a not-for-profit continuing care retirement community based in Lakeland, Florida. With 331 employees, The Estates operates a 72-bed skilled nursing facility and participates in Medicare and Medicaid programs. In 2022, approximately 39% of their patient days were provided to residents receiving lifecare benefits, ensuring the provision of services regardless of their ability to pay. The organization shows dedication to serving the indigent elderly population, with 21% of their total patient days going towards care provided to residents covered by Medicaid. For over three decades, The Estates has never asked a resident to leave due to financial obligations. The mission of The Estates is to provide nursing and personal services addressing the spiritual, social, emotional, physical, and health needs of their residents and the community, fostering dignity, personal growth, happiness, self-esteem, and a sense of purpose and independence.
Official website here: www.estatesatcarpenters.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
Carpenter's Home Estates Inc has received an 81% rating from Charity Navigator, which signifies a strong performance in Accountability & Finance. The organization boasts a fully independent board and has received top scores in areas such as financial audits and oversight, suggesting effective governance practices. The high program expense ratio of 87.74% indicates that a significant portion of their funds is directed towards their programs, which is a positive indicator for donors.
The charity has demonstrated its commitment to transparency with listed policies on conflict of interest, whistleblower protections, and document retention, all receiving perfect scores. This contributes to a sense of trust for potential donors, showcasing a well-structured organization that prioritizes ethical practices. The independence of board members further strengthens the integrity of the nonprofit.
However, the ratings are based solely on the Accountability & Finance beacon, with no assessment of other operational or impact indicators. While the financial health appears strong, potential supporters might want to seek additional information regarding the broader effectiveness and reach of the organization's programs.
This AI summary has been generated from information found on Charity Navigator.
Is Carpenter's Home Estates Inc legitimate?
Carpenter's Home Estates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carpenter's Home Estates 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,930,332
For more financial information, click here
Official website here: www.estatesatcarpenters.com
What is the mission statement of Carpenter's Home Estates Inc?
Carpenter's Home Estates Inc is a not-for-profit retirement community committed to delivering nursing and personal services to meet the spiritual, social, emotional, physical, and health needs of its residents. The organization strives to create an environment that encourages dignity, personal growth, happiness, and self-esteem, while valuing a sense of purpose and independence. Their mission is to promote and enhance the overall well-being of their residents and the community they serve.
Official website here: www.estatesatcarpenters.com
Who is the CEO of Carpenter's Home Estates Inc?
Leo Gillman is the President of Carpenter's Home Estates Inc. The CEO's salary of Carpenter's Home Estates Inc is $0 and their total compensation is $0.
Official website here: www.estatesatcarpenters.com
What is the revenue of Carpenter's Home Estates Inc?
Carpenter's Home Estates Inc's revenue in 2022 was $18,369,772.
Official website here: www.estatesatcarpenters.com
Who are the executives of Carpenter's Home Estates Inc and what are their salaries?
The average compensation at Carpenter's Home Estates Inc during 2022 was $23,959. There are 331 employees and 100 volunteers at Carpenter's Home Estates Inc.
Here are 13 key members and their salaries (Carpenter's Home Estates Inc's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $130,344
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- Other: $14,482
- Compensation: $135,816
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- Other: $20,888
Official website here: www.estatesatcarpenters.com
Where can I find the form 990 for Carpenter's Home Estates Inc?
Carpenter's Home Estates Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.estatesatcarpenters.com
Learn more at the official website: www.estatesatcarpenters.com
Mission Statement of Carpenter's Home Estates Inc
Carpenter's Home Estates Inc, a not-for-profit continuing care retirement community, is committed to providing comprehensive services that cater to the spiritual, social, emotional, physical, and health needs of its residents. The organization's mission is geared towards promoting and enhancing an environment that encourages dignity, personal growth, happiness, and self-esteem while valuing a sense of purpose and independence.
Carpenter's Home Estates Inc goes beyond the conventional provision of nursing and personal services. It strives to create an atmosphere where the residents thrive and feel genuinely cared for. The community's dedication extends beyond its residents, reaching out to the broader community it serves. The organization is deeply rooted in the belief that every individual deserves to live with respect and dignity, regardless of their age or circumstances.
In line with its mission, Carpenter's Home Estates Inc offers a range of services that cater to the diverse needs of its residents. These services are designed to promote overall wellbeing and enable residents to maintain their independence for as long as possible. The community fosters a sense of belonging and provides opportunities for personal growth, ensuring that its residents feel valued and engaged in their daily lives. The team at Carpenter's Home Estates Inc is dedicated to delivering high-quality care, ensuring that the residents receive the care and support they need to live their best lives.
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Impact
October, 2024
Carpenter's Home Estates Inc significantly impacts the local community by providing essential healthcare services to elderly residents, including those in financial need. Operating a 72-bed skilled nursing facility, the organization ensures that a diverse range of needs is met through its comprehensive programs. In 2022, a notable 39% of patient days were for individuals receiving LifeCare benefits, illustrating a commitment to guaranteeing services regardless of residents' financial situations, as long as they adhere to specific asset management guidelines.
The organization also plays a critical role in supporting low-income seniors, with 21% of total patient days catered to individuals covered by Medicaid. This dedication to the indigent elderly population ensures that vulnerable community members receive the care they need without the fear of financial instability affecting their residency. Over its 37-year history, Carpenter's Home Estates has consistently upheld a policy that no resident will be asked to leave due to inability to pay, reflecting its commitment to providing a safety net for the community's elderly population.
Furthermore, the facility aims to enhance the overall quality of life for its residents by addressing not only physical health needs but also spiritual, emotional, and social well-being. This holistic approach fosters an environment that encourages dignity, personal growth, happiness, and a sense of purpose, all while maintaining respect for individual independence. The continuous efforts of Carpenter's Home Estates Inc underscore its vital role in promoting health, dignity, and support for the aging population in Lakeland, Florida.
This information is meant to be a general summary of Carpenter's Home Estates 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: $186,379
- Program Service Revenue: $18,142,419
- Gross Receipts: $18,389,486
Assets and Liabilities:
- Total Assets: $62,224,590
- Total Liabilities: $55,143,858
- Net Assets: $7,080,732
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT SERVICE FEES
Revenue
$10,370,020
SKILLED NURSING
Revenue
$3,374,206
EARNED ENTRANCE FEES
Revenue
$3,016,335
ASSISTED LIVING FEES
Revenue
$1,164,640
OTHER RESIDENT SERVICE
Revenue
$217,218
Organization Details
Founding Year
1984
Phone
(863) 858-3847Principal Officer
Leo Gillman
Main Address
1001 CARPENTERS WAY, LAKELAND, FL, 33809
Website
www.estatesatcarpenters.comNTEE Category
Code: P75 - Human services
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