Overview
What is The Glen Retirement System?
The Glen Retirement System is a nonprofit organization located in Shreveport, Louisiana, at 403 E Flournoy Lucas Rd. They specialize in memory care assisted living, providing a secure and home-like environment for older adults with memory loss. Their facilities consist of two buildings with 30 apartments, maintaining an average occupancy of 97%. In the fiscal year ending April 30, 2023, they offered 10,423 days of care. The mission of The Glen Retirement System is to enrich the lives of older people through housing, healthcare, and services. This mission is fulfilled by dedicated volunteers and compassionate professionals with commitment, vision, and leadership. They currently employ 262 individuals.
Official website here: www.theglen.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Glen Retirement System has received an 81% rating from Charity Navigator, which indicates a strong level of accountability and financial responsibility. This score is derived entirely from their Accountability & Finance metrics, showcasing their commitment to transparency and ethical management of resources. The organization has achieved high marks in several key areas, including a fully independent board and a robust audit and oversight committee.
Strengths of The Glen include a solid program expense ratio of approximately 86%, reflecting a commitment to directing funds toward their mission rather than administrative costs. Additionally, the organization has implemented a comprehensive set of policies, such as conflict of interest and whistleblower protections, which are vital for maintaining ethical governance. Their financial statements and board meeting minutes are readily accessible, enhancing trust and accountability.
However, there are some areas for improvement noted in the data. The organization scored lower in the liabilities to assets ratio, which could signal potential financial risks if not addressed. Overall, while The Glen Retirement System demonstrates strength in governance and financial responsibility, attention to mitigating liabilities may enhance their stability and long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is The Glen Retirement System legitimate?
The Glen Retirement System is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Glen Retirement System 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: $297,435
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,508,693
For more financial information, click here
Official website here: www.theglen.org
What is the mission statement of The Glen Retirement System?
The Glen Retirement System is dedicated to enriching the lives of older people through housing, healthcare, and services. This mission is accomplished by a team of committed volunteers and compassionate professionals, who bring vision and leadership to the table. The organization provides memory care assisted living in two secured buildings, offering a home-like environment and activities tailored for individuals over 62 with memory loss. With an average occupancy rate of 97%, The Glen Retirement System cared for over 10,000 days of residents in the previous fiscal year.
Official website here: www.theglen.org
Who is the CEO of The Glen Retirement System?
Debra Williams is the President & Ceo of The Glen Retirement System. The CEO's salary of The Glen Retirement System is $166,217 and their total compensation is $166,884.
Official website here: www.theglen.org
What is the revenue of The Glen Retirement System?
The Glen Retirement System's revenue in 2023 was $17,051,738.
Official website here: www.theglen.org
Who are the executives of The Glen Retirement System and what are their salaries?
The average compensation at The Glen Retirement System during 2023 was $29,794. There are 262 employees and 87 volunteers at The Glen Retirement System.
Here are 17 key members and their salaries (The Glen Retirement System's CEO's salary is $166,217 and their total compensation is $166,884):
- Compensation: $166,217
- Related: $0
- Other: $667
- Compensation: $130,700
- Related: $0
- Other: $658
- Compensation: $124,252
- Related: $0
- Other: $6,299
- Compensation: $119,707
- Related: $0
- Other: $632
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Official website here: www.theglen.org
Where can I find the form 990 for The Glen Retirement System?
The Glen Retirement System's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.theglen.org
Learn more at the official website: www.theglen.org
Mission Statement of The Glen Retirement System
The Glen Retirement System, a leading non-profit organization, is dedicated to enriching the lives of older people through housing, healthcare, and services. With a mission driven by commitment, vision, and leadership, the organization's compassionate professionals and dedicated volunteers work in unison to create an environment that caters to the unique needs of seniors.
At the heart of The Glen Retirement System's mission is the provision of memory care assisted living in two secure buildings. These facilities offer a home-like environment, allowing older adults dealing with memory loss to feel comfortable and safe. The organization currently provides care for over 97% of its 30 apartments, totaling 10,423 days of care in the fiscal year ending April 30, 2023. The residents of these apartments enjoy various activities tailored to their age, ensuring a fulfilling and engaging experience.
The Glen Retirement System's housing offerings go beyond just providing a place to live. The organization focuses on creating an atmosphere where seniors can thrive and maintain their independence. The healthcare services provided are an essential part of this mission, as they cater to the unique health requirements of older adults. The services offered by The Glen Retirement System not only contribute to the physical well-being of its residents but also prioritize their emotional and social needs through various activities and programs. Through its mission, The Glen Retirement System strives to create a community where older people can live with dignity and receive the care they deserve.
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Impact
October, 2024
The Glen Retirement System significantly enhances the lives of older individuals, particularly those experiencing memory loss. By providing specialized memory care assisted living in a secure and home-like environment, it ensures that residents over age 62 receive the care and support they need. The system operates two secured buildings, boasting an impressive average occupancy rate of 97%, which translates to over 10,400 days of care delivered in the most recent fiscal year.
This commitment to quality living is fueled by a team of compassionate professionals and dedicated community volunteers who work in tandem to create enriching experiences for residents. The activities and services offered are carefully designed to support not only the physical health of residents but also their emotional well-being, fostering a sense of community and connection.
By prioritizing both healthcare and housing, The Glen Retirement System plays a crucial role in enhancing the overall quality of life for its residents, addressing their unique needs with empathy and expertise. In doing so, it stands as a vital resource in the Shreveport community, directly impacting the dignity and well-being of older adults facing memory challenges.
This information is meant to be a general summary of The Glen Retirement System. 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 2023.
- Investment Income: $1,276,952
- Program Service Revenue: $15,410,246
- Gross Receipts: $21,885,299
Assets and Liabilities:
- Total Assets: $58,579,370
- Total Liabilities: $47,982,450
- Net Assets: $10,596,920
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Resident Revenue
Revenue
$15,410,246
Organization Details
Founding Year
1898
Phone
(318) 798-3500Principal Officer
Debra Williams
Main Address
403 E Flournoy Lucas Rd, Shreveport, LA, 71115
Website
www.theglen.orgNTEE Category
Code: P750 - Human services
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