Overview
What is The Village At Germantown Inc?
The Village At Germantown Inc is a nonprofit organization located at 7820 Walking Horse Circle, Germantown, TN, 38138. Established as a Continuing Care Retirement Community (CCRC), it offers a stimulating and safe environment for independent living. The community comprises 230 units, including 202 apartments and 28 patio homes, as well as a healthcare center. The healthcare center features 32 assisted living units, 16 special care dementia units, and 55 skilled nursing beds. In 2022, the community billed for 27,809 healthcare days, with 6,498 being Medicare days and 21,311 private pay days. The Village at Germantown is dedicated to providing quality care and promoting independence and wellness through innovative programs, supportive services, and an exceptional staff. They respect the dignity of each person and serve as a valuable resource for senior wellness programs and information, affiliated with Methodist Healthcare. The organization operates with a workforce of approximately 490 employees.
Official website here: www.village-germantown.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
The Village At Germantown Inc has earned an 81% rating, reflecting solid accountability and financial practices. The charity's score is derived entirely from its accountability and finance metrics, showcasing a reliance on strong oversight and an emphasis on transparency. The organization boasts a fully independent board and has implemented multiple governance policies that enhance its operational integrity.
Strengths highlighted in the evaluation include a high program expense ratio of 87.68%, indicating that a significant portion of its funding is directed towards its programs rather than administrative costs. Additionally, the presence of an audit and oversight committee underscores its commitment to maintaining financial integrity and transparency. The organization has also established comprehensive policies covering conflict of interest, whistleblower protections, and document retention, contributing to its overall accountability.
While the organization demonstrates notable strengths in governance and financial management, the ratings primarily focus on these aspects without providing insight into its programmatic effectiveness or impact on the community. This means that while the financial health appears sound, prospective donors may want to consider how well the nonprofit is meeting its mission and serving its constituents.
This AI summary has been generated from information found on Charity Navigator.
Is The Village At Germantown Inc legitimate?
The Village At Germantown Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Village At Germantown 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: $735,144
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,071,430
For more financial information, click here
Official website here: www.village-germantown.com
What is the mission statement of The Village At Germantown Inc?
The Village At Germantown Inc is dedicated to operating as a continuing care retirement community. Their mission is to provide a high-quality, stimulating, and safe environment that promotes independence and wellness. Through innovative programs, supportive services, and an exceptional staff, they prioritize the dignity of each resident. The organization values its affiliation with Methodist Healthcare and serves as a resource for senior wellness programs and information.
Official website here: www.village-germantown.com
Who is the CEO of The Village At Germantown Inc?
Michael Craft is the Ceo of The Village At Germantown Inc. The CEO's salary of The Village At Germantown Inc is $303,820 and their total compensation is $321,609.
Official website here: www.village-germantown.com
What is the revenue of The Village At Germantown Inc?
The Village At Germantown Inc's revenue in 2022 was $23,573,228.
Official website here: www.village-germantown.com
Who are the executives of The Village At Germantown Inc and what are their salaries?
The average compensation at The Village At Germantown Inc during 2022 was $22,054. There are 490 employees and 9 volunteers at The Village At Germantown Inc.
Here are 18 key members and their salaries (The Village At Germantown Inc's CEO's salary is $303,820 and their total compensation is $321,609):
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- Compensation: $303,820
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- Other: $17,789
- Compensation: $107,562
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- Other: $8,633
- Compensation: $209,577
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- Other: $16,260
- Compensation: $114,185
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- Other: $6,017
- Compensation: $173,807
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- Other: $12,338
- Compensation: $150,890
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- Other: $9,090
- Compensation: $120,984
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- Other: $12,389
Official website here: www.village-germantown.com
Where can I find the form 990 for The Village At Germantown Inc?
The Village At Germantown Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.village-germantown.com
Learn more at the official website: www.village-germantown.com
Mission Statement of The Village At Germantown Inc
The Village At Germantown Inc is a continuing care retirement community dedicated to providing a top-tier, engaging, and secure environment that fosters independence and wellness for its residents. Through innovative programs, supportive services, and a highly-skilled team, this esteemed organization upholds the dignity of each person, in alignment with its Methodist Healthcare affiliation.
In the heart of its mission, The Village At Germantown Inc aims to create a community where seniors can thrive and feel at home. Its commitment to quality is reflected in the stimulating and safe living spaces it offers. By providing a range of resources for senior wellness, this nonprofit organization positions itself as a valuable community resource.
The Village At Germantown Inc is more than just a retirement community. It is a place where seniors can live their best lives, surrounded by caring individuals who respect their worth and value their unique experiences. By offering a diverse range of programs and services, this organization strives to promote the wellbeing of its residents and empower them to live independently with confidence. The Village At Germantown Inc: a beacon of hope and comfort for seniors seeking a community that cares.
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Impact
October, 2024
The Village At Germantown Inc significantly impacts the community by providing a comprehensive continuing care retirement community that caters to the diverse needs of senior residents. With 230 independent living units alongside a healthcare center that includes assisted living, specialized dementia care, and skilled nursing beds, it creates a supportive environment focused on enhancing the quality of life for its residents.
In 2022, the organization facilitated numerous healthcare days, underscoring its capacity to deliver essential services—over 27,800 in total, spanning various care levels. The high occupancy rate of 82% in independent living units demonstrates its appeal and effectiveness in providing a stable community for seniors. The focus on promoting independence and wellness is evident through innovative programs and a dedicated staff, ensuring that residents are not only cared for but also engaged and respected.
As a valuable resource for senior wellness programs and information, The Village At Germantown Inc plays a crucial role in enriching the lives of older adults, supporting their health and well-being, while fostering a sense of community and belonging in Germantown, TN.
This information is meant to be a general summary of The Village At Germantown 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: $408,251
- Program Service Revenue: $21,945,023
- Gross Receipts: $26,453,996
Assets and Liabilities:
- Total Assets: $97,266,349
- Total Liabilities: $156,078,221
- Net Assets: -$58,811,872
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$21,945,023
Organization Details
Founding Year
2000
Phone
(901) 752-2500Principal Officer
Michael Craft
Main Address
7820 WALKING HORSE CIRCLE, GERMANTOWN, TN, 38138
Website
www.village-germantown.comNTEE Category
Code: P75 - Human services
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