Overview
What is Presbyterian Retirement Corporation Inc?
Presbyterian Retirement Corporation Inc, operating as Westminster Village, is a dedicated nonprofit organization located in Fort Washington, Pennsylvania. Their mission is to serve seniors aged 62 and above by providing comprehensive retirement-life services. These offerings include independent living, assisted living, skilled nursing care, and additional amenities. Residents can expect housing, dining, pastoral services, security, housekeeping, maintenance services, social activities, cultural and educational programs, and spiritual care. As needs change, home health, assisted living, skilled nursing care, and hospice services are also available. The organization's formal life care agreement ensures that residents receive these services when needed without a fee increase, offering added security and peace of mind. With a commitment to loving-kindness, dignity, sensitivity, honesty, and respect, the Presbyterian Retirement Corporation, Inc. serves its residents in a Christian atmosphere. In 2022, they served an average of 209 residents in independent living, 13 in assisted living, and 41 in skilled care.
Official website here: www.actsretirement.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 81% - Three-Star out of Four Star Rating
Presbyterian Retirement Corporation Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization achieved an overall score of 81%, primarily based on their accountability and financial practices. This rating suggests a good level of transparency and responsibility in how they manage their resources.
The organization demonstrates strong governance, with 75% of its board members being independent, and it has a thorough audit and oversight system in place. Key policies regarding conflict of interest, whistleblower protection, and document retention are well-established and adhered to. Additionally, their program expense ratio stands at an impressive 85.78%, indicating a significant portion of their funds is directed towards programs rather than administrative costs.
While the overall score is positive, there is no additional insight into areas for improvement or specific challenges faced by the organization. However, the strong ratings in accountability suggest that the Presbyterian Retirement Corporation Inc is committed to maintaining high standards in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Presbyterian Retirement Corporation Inc legitimate?
Presbyterian Retirement Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian Retirement Corporation 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: $7,252,081
For more financial information, click here
Official website here: www.actsretirement.org
What is the mission statement of Presbyterian Retirement Corporation Inc?
Presbyterian Retirement Corporation Inc is dedicated to serving older adults aged sixty-two and above, offering retirement-life services that include independent living, assisted living, skilled nursing care, and complementary services. In a compassionate Christian manner, they cater to residents' needs without prejudice or preference to any faith. The community prides itself on providing a secure and peaceful environment, prioritizing individual, social, personal, health, and spiritual needs in a caring atmosphere graced with loving-kindness, dignity, sensitivity, honesty, and respect.
Official website here: www.actsretirement.org
Who is the CEO of Presbyterian Retirement Corporation Inc?
Gerald T Grant is the Ceo & Chairman of Presbyterian Retirement Corporation Inc. The CEO's salary of Presbyterian Retirement Corporation Inc is $0 and their total compensation is $1,360,520.
Official website here: www.actsretirement.org
What is the revenue of Presbyterian Retirement Corporation Inc?
Presbyterian Retirement Corporation Inc's revenue in 2022 was $17,004,461.
Official website here: www.actsretirement.org
Who are the executives of Presbyterian Retirement Corporation Inc and what are their salaries?
The average compensation at Presbyterian Retirement Corporation Inc during 2022 was $21,584. There are 336 employees and 70 volunteers at Presbyterian Retirement Corporation Inc.
Here are 16 key members and their salaries (Presbyterian Retirement Corporation Inc's CEO's salary is $0 and their total compensation is $1,360,520):
- Compensation: $0
- Related: $818,586
- Other: $541,934
- Compensation: $0
- Related: $593,046
- Other: $212,745
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $463,488
- Other: $360,930
- Compensation: $0
- Related: $287,849
- Other: $29,858
- Compensation: $0
- Related: $313,772
- Other: $30,336
- Compensation: $0
- Related: $208,602
- Other: $26,391
- Compensation: $0
- Related: $162,565
- Other: $7,116
- Compensation: $0
- Related: $124,825
- Other: $13,324
- Compensation: $103,094
- Related: $0
- Other: $9,291
- Compensation: $103,974
- Related: $0
- Other: $172
Official website here: www.actsretirement.org
Where can I find the form 990 for Presbyterian Retirement Corporation Inc?
Presbyterian Retirement Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.actsretirement.org
Learn more at the official website: www.actsretirement.org
Mission Statement of Presbyterian Retirement Corporation Inc
Presbyterian Retirement Corporation Inc, a leading retirement-life services provider, is dedicated to serving older adults aged sixty-two and above. With a commitment to Christian values, this organization offers a range of services including independent living, assisted living, skilled nursing care, and complementary services.
In a loving and kind manner, Presbyterian Retirement Corporation Inc strives to meet the individual, social, personal, health, and spiritual needs of its residents. The organization's mission is to provide security and peace of mind to seniors, positioning itself as the pre-eminent provider of retirement-life services. By operating in a Christian atmosphere, the corporation offers its residents a nurturing environment where they can live with dignity, sensitivity, honesty, and respect – regardless of their faith.
Presbyterian Retirement Corporation Inc takes pride in its responsiveness to the unique requirements of each resident. The organization's team members are dedicated to ensuring that the needs of older adults are met in a compassionate and considerate manner. By fostering a community where love, kindness, and understanding are at the forefront, Presbyterian Retirement Corporation Inc provides its residents with a sense of belonging and comfort as they navigate the later stages of their lives.
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Impact
October, 2024
Presbyterian Retirement Corporation Inc significantly enhances the quality of life for older adults aged 62 and above by providing a comprehensive range of retirement-life services. Located in Fort Washington, PA, the organization focuses on addressing the diverse needs of its residents through a blend of independent living, assisted living, and skilled nursing care, all aimed at fostering a sense of security and peace of mind.
The services offered extend beyond basic accommodation to include dining and nutritional programs, pastoral care, and a variety of social, cultural, educational, spiritual, and recreational activities. This holistic approach ensures that residents not only receive necessary medical care but also have opportunities for engagement and communion with others, promoting overall well-being.
When residents' health care needs evolve, the seamless transition to home health, assisted living, or skilled nursing care is guaranteed under a formal lifecare agreement, ensuring their monthly fees remain stable regardless of their changing needs. This stability not only alleviates financial concerns but also provides a nurturing environment that prioritizes dignity, respect, and loving-kindness in a Christian atmosphere.
In 2022, the impact of Presbyterian Retirement Corporation was demonstrated through an average of 209 residents engaged in independent living, alongside 13 in assisted living and 41 receiving skilled care. The organization is dedicated to creating a responsive community that honors the individual, social, personal, health, and spiritual needs of each senior, further solidifying its role as a pre-eminent provider in the realm of retirement-life services.
This information is meant to be a general summary of Presbyterian Retirement Corporation 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: $642
- Program Service Revenue: $16,191,891
- Gross Receipts: $17,023,054
Assets and Liabilities:
- Total Assets: $50,223,038
- Total Liabilities: $53,797,511
- Net Assets: -$3,574,473
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MONTHLY FEES
Revenue
$7,843,144
ENTRANCE FEE AMORTIZATION
Revenue
$3,127,122
MEDICAL SERVICES REVENUE
Revenue
$2,327,612
MEDICARE & MEDICAID
Revenue
$1,537,430
RESIDENT ANCILLIARY REVENUE
Revenue
$971,835
Organization Details
Founding Year
1983
Phone
(215) 661-8330Principal Officer
Gerald T Grant
Main Address
420 DELAWARE DRIVE, FORT WASHINGTON, PA, 190342711
Website
www.actsretirement.orgNTEE Category
Code: E910 - Health
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