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Sayre Village Phase Iii Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 611088950 ✦ Lexington, KY ✦ Designated as a 501(c)(3)

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Overview

What is Sayre Village Phase Iii Inc?

Sayre Village Phase III Inc. is a nonprofit organization situated in Lexington, Kentucky, with an address at 3816 Camelot Drive. Their primary focus is on serving the elderly and handicapped community, providing quality housing and rehabilitative services with a compassionate approach that reflects Christian values. They operate an apartment complex, housing 117 units, to cater to this specific demographic. The organization employs a team of 73 individuals, ensuring the smooth operation of their senior living community.


Official website here: www.sayrechristianvillage.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81%

Sayre Village Phase III Inc has received a Three-Star out of Four Star rating from Charity Navigator, reflecting a solid performance in Accountability & Finance. The organization scored 81% overall, indicating a strong commitment to transparency and responsible financial management, which is crucial for maintaining donor trust and ensuring effective use of resources.

The nonprofit boasts an impressive governance structure, with 100% independent board members, ensuring that decisions are made with the best interests of stakeholders in mind. Additionally, it has robust policies in place for conflict of interest, whistleblower protections, and document retention, all contributing to a well-managed organization. The program expense ratio of 79.50% further signifies that a significant portion of funds is directed toward its mission.

However, while the rating is generally positive, it is essential for potential donors or supporters to consider the specific programs and outcomes associated with Sayre Village Phase III Inc's activities. Understanding the impact of the organization’s work can provide a more comprehensive view beyond financial metrics alone.


This AI summary has been generated from information found on Charity Navigator.

Is Sayre Village Phase Iii Inc legitimate?

Sayre Village Phase Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sayre Village Phase Iii 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: $1,413,413

For more financial information, click here


Official website here: www.sayrechristianvillage.org

What is the mission statement of Sayre Village Phase Iii Inc?

Sayre Village Phase III Inc. is a non-profit senior living community committed to providing top-notch housing and rehabilitative services with a compassionate approach rooted in Christian values. Their mission is to cater to the needs of elderly and handicapped individuals, offering them a living environment that fosters quality of life. The community is dedicated to offering rehabilitative services that reflect empathy and respect for every resident.


Official website here: www.sayrechristianvillage.org

Who is the CEO of Sayre Village Phase Iii Inc?

Karen Venis is the Board Member of Sayre Village Phase Iii Inc. The CEO's salary of Sayre Village Phase Iii Inc is $0 and their total compensation is $235,470.


Official website here: www.sayrechristianvillage.org

What is the revenue of Sayre Village Phase Iii Inc?

Sayre Village Phase Iii Inc's revenue in 2022 was $5,456,912.


Official website here: www.sayrechristianvillage.org

Who are the executives of Sayre Village Phase Iii Inc and what are their salaries?

The average compensation at Sayre Village Phase Iii Inc during 2022 was $19,362. There are 73 employees at Sayre Village Phase Iii Inc.


Here are 20 key members and their salaries (Sayre Village Phase Iii Inc's CEO's salary is $0 and their total compensation is $235,470):


Gary Coleman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Butch Hardy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Flynn (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jl Lynn (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Ring (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Guy Colson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin Buckley (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Kelly (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Allen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Logan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Hurtz (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kennetha Keinath (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Skiba (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Yeary (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dee Herndon (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elise Hinchman (Non-Voting Board Member)
  • Compensation: $0
  • Related: $109,743
  • Other: $13,820
Vicki Phillips (Non-Voting Board Member)
  • Compensation: $0
  • Related: $43,005
  • Other: $0
Joe Drumm (Former Vp Residential Services &)
  • Compensation: $0
  • Related: $128,089
  • Other: $3,500
Karen Venis (Chief Executive Officer)
  • Compensation: $0
  • Related: $222,641
  • Other: $12,829
John Dundon (Former Chief Financial Officer)
  • Compensation: $0
  • Related: $78,000
  • Other: $0


Official website here: www.sayrechristianvillage.org

Where can I find the form 990 for Sayre Village Phase Iii Inc?

Sayre Village Phase Iii Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.sayrechristianvillage.org

Learn more at the official website: www.sayrechristianvillage.org

Mission Statement of Sayre Village Phase Iii Inc

Sayre Village Phase III Inc, as a non-profit senior living community, is dedicated to providing quality housing and rehabilitative services with a compassionate approach rooted in Christian values. Their mission is to cater to the needs of elderly and handicapped individuals, offering them a safe and comfortable living environment. With a focus on Christian compassion, the community aims to enhance the lives of its residents, providing them with the necessary care and support.

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Impact




July, 2024

Sayre Village Phase III Inc provides essential housing and rehabilitative services for elderly and handicapped individuals in Lexington, KY. This nonprofit organization operates an apartment complex with 117 apartments dedicated to supporting the well-being and quality of life for its residents. By offering this much-needed housing and care, Sayre Village Phase III Inc positively impacts the community by ensuring that vulnerable populations have a safe and supportive environment to live in. The organization's mission of providing quality housing and compassionate services reflects its dedication to serving the needs of individuals in a Christian spirit. Through its work, Sayre Village Phase III Inc contributes to creating a more inclusive and caring community for all.




This information is meant to be a general summary of Sayre Village Phase Iii 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.

Revenue
$5,456,912 (2022)
Expenses
$5,497,792 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,398
  • Program Service Revenue: $5,384,362
  • Gross Receipts: $5,456,912

Assets and Liabilities:

  • Total Assets: $16,455,988
  • Total Liabilities: $14,506,196
  • Net Assets: $1,949,792

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTS

Revenue

$5,151,651

ASS'D LIVING/FOOD SERV

Revenue

$232,711

Organization Details

Founding Year

1985

Principal Officer

Karen Venis

Main Address

3816 CAMELOT DRIVE, LEXINGTON, KY, 40503

NTEE Category

Code: L22Z - Housing

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