Overview
What is Lakeshore Estates Inc?
Lakeshore Estates Inc is a nonprofit organization based in Nashville, Tennessee, dedicated to providing affordable retirement living and nursing home care for seniors in Davidson County. With two campuses, they offer 42 residential home beds and 179 nursing home beds, catering to the increasing demand for private rooms. This Christian-based organization aims to promote living with dignity while enhancing residents' spiritual, mental, and physical well-being. They provide financial assistance to those in need and offer residential, intermediate, and skilled nursing care, including Medicare and Medicaid. Their mission is to create a secure and compassionate environment, where daily efforts are made to uplift each resident's quality of life.
Official website here: www.lakeshoreseniorliving.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Lakeshore Estates Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in the realm of accountability and finance. This rating is particularly noteworthy as it is derived solely from their Accountability & Finance score, which stands at 81%. Such a score indicates that the charity demonstrates good practices in managing its financial resources and adheres to accountability standards.
The organization showcases several strengths, including a fully independent board, which is a vital indicator of governance quality. With 100% of its board members being independent, Lakeshore Estates Inc ensures that decisions are made without conflicts of interest. Additionally, they have a robust financial audit process, evidenced by their perfect score in financial statement auditing and a strong program expense ratio of nearly 81%, showing a commitment to directing funds toward their programs.
However, while the financial aspects are commendable, there is no information available regarding the effectiveness of their programs or the overall impact of their services. This absence of data leaves a gap in understanding how well they are meeting their mission beyond financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Lakeshore Estates Inc legitimate?
Lakeshore Estates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeshore 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.
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Official website here: www.lakeshoreseniorliving.org
What is the mission statement of Lakeshore Estates Inc?
Lakeshore Estates Inc is a compassionate organization dedicated to providing affordable care for seniors with limited resources. Their mission is threefold: offering reasonably priced retirement and healthcare services, promoting a dignified and secure living environment, and enhancing each resident's spiritual, mental, and physical wellbeing. They strive to provide financial assistance to residents in need. Lakeshore Estates Inc aims to create a Christian community where elderly individuals can live in safety and comfort, with daily efforts devoted to their spiritual, mental, and physical development.
Official website here: www.lakeshoreseniorliving.org
Who is the CEO of Lakeshore Estates Inc?
John Robinson is the Vice-Chairman of Lakeshore Estates Inc.
Official website here: www.lakeshoreseniorliving.org
What is the revenue of Lakeshore Estates Inc?
Lakeshore Estates Inc's revenue in 2022 was $18,358,530.
Official website here: www.lakeshoreseniorliving.org
Who are the executives of Lakeshore Estates Inc and what are their salaries?
There 80 volunteers at Lakeshore Estates Inc.
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Official website here: www.lakeshoreseniorliving.org
Where can I find the form 990 for Lakeshore Estates Inc?
Lakeshore Estates Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakeshoreseniorliving.org
Learn more at the official website: www.lakeshoreseniorliving.org
Mission Statement of Lakeshore Estates Inc
Lakeshore Estates Inc, a Christian-based organization, is devoted to providing affordable care for seniors in Davidson County, Tennessee. The company's mission goes beyond just offering retirement and healthcare services; it aims to promote living with dignity in a secure and compassionate environment. Every day, Lakeshore Estates strives to enhance each resident's spiritual, mental, and physical well-being.
When resources are limited, Lakeshore Estates extends a helping hand. The organization provides financial assistance to eligible residents, ensuring they can access the care they need. The company's commitment to affordability sets it apart, as it prioritizes reasonable pricing for its services. In addition, Lakeshore Estates assists residents in securing financial assistance when they lack the means to cover their care. This compassionate approach aligns with the organization's dedication to promoting a dignified living experience for all seniors in its care.
Lakeshore Estates is not just about providing care; it's about creating an environment where seniors can thrive. By focusing on the spiritual, mental, and physical aspects of their residents' lives, the organization fosters a secure and nurturing community. This Christian-centric approach adds an essential dimension to the care provided, setting Lakeshore Estates apart from other retirement and healthcare facilities.
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Impact
October, 2024
Lakeshore Estates Inc significantly impacts the senior community in Davidson County, TN, by providing affordable and compassionate care solutions tailored to the needs of residents. The organization offers a range of services, including residential, intermediate, and skilled nursing care, ensuring that seniors receive the appropriate level of support based on their individual requirements.
By maintaining two campuses with a combined capacity of 42 residential home beds and 179 nursing beds, Lakeshore Estates addresses the increasing demand for senior living options, particularly the growing need for private rooms. Their commitment to promoting dignity and quality of life is evident in their focus on enhancing each resident's spiritual, mental, and physical well-being in a secure and nurturing environment.
Lakeshore Estates also plays a critical role in supporting residents with limited financial resources. By assisting residents in securing financial aid, the organization ensures that essential health and retirement services remain accessible to those who need them most. This dedication to affordability and support fosters a community where seniors can live comfortably, with dignity and care. Through these efforts, Lakeshore Estates Inc has become a vital resource for many families in the Nashville area, contributing positively to the overall health and stability of the local community.
This information is meant to be a general summary of Lakeshore 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: $55,349
- Program Service Revenue: $17,794,351
- Gross Receipts: $19,212,434
Assets and Liabilities:
- Total Assets: $25,561,597
- Total Liabilities: $24,269,898
- Net Assets: $1,291,699
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE REVENUE
Revenue
$15,835,870
HOME OCCUPANCY REVENUE
Revenue
$1,522,063
HOME MAITENANCE FEES
Revenue
$436,418
Organization Details
Founding Year
1949
Phone
(615) 646-4466Principal Officer
John Robinson
Main Address
8044 COLEY DAVIS RD, NASHVILLE, TN, 37221
NTEE Category
Code: P75 - Human services
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