Overview
What is Multi-Faith Retirement Services?
Multi-Faith Retirement Services, operating under the name Live Oak Retirement Community, is a nonprofit organization situated in Shreveport, Louisiana. Their primary mission is to enhance the lives of senior adults by providing a nurturing environment that caters to their spiritual, social, and physical needs. They accomplish this through the operation of a retirement community, comprising a skilled nursing facility with 150 staffed beds and 118 independent living units. The organization offers housing, healthcare, and related services to its elderly residents, with an average of 88.41 patients receiving nursing services daily and 54.01 residents residing in the independent living units each day during the fiscal year ending September 30, 2022. In total, Live Oak Retirement Community employs 134 individuals dedicated to improving the well-being of senior adults.
Official website here: www.oaksofla.com
What are the reviews and ratings of this charity?
**Rating: 96% - Four-Star out of Four Star Rating from Charity Navigator**
Multi-Faith Retirement Services demonstrates a strong focus on accountability and finance, evidenced by its impressive Four-Star rating. This rating signifies that the organization maintains high transparency and effective management practices. The majority of its board members are independent, which enhances governance quality. Key financial metrics, such as an excellent program expense ratio of 83.17%, indicate a significant commitment to allocating resources toward its mission.
While Multi-Faith Retirement Services excels in various financial accountability areas, it faces a limitation regarding available data for some financial aspects, such as the salary of key persons. Additionally, the organization could not be evaluated under the Impact & Measurement, Culture & Community, and Leadership & Adaptability categories, which leaves some uncertainty about its broader effectiveness and community engagement.
User reviews from GreatNonprofits were not accessible; therefore, sentiments from stakeholders or beneficiaries are not included. Overall, Multi-Faith Retirement Services stands out for its governance and financial practices, which reflect a commitment to responsible nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Multi-Faith Retirement Services legitimate?
Multi-Faith Retirement Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Multi-Faith Retirement Services 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: $4,727,242
For more financial information, click here
Official website here: www.oaksofla.com
What is the mission statement of Multi-Faith Retirement Services?
Multi-Faith Retirement Services is committed to enhancing the quality of life for senior adults. They achieve this by establishing a lively, multi-faith continuing care community that caters to the spiritual, social, and physical needs of its elderly residents. The organization operates a retirement community, comprising a 150-bed skilled nursing facility and 118 independent living units. Live Oak, as the service is known, provides nursing services to an average of 88.41 patients daily and offers living spaces to an average of 54.01 residents in its independent living unit each day, as per the fiscal year ending September 30, 2022.
Official website here: www.oaksofla.com
Who is the CEO of Multi-Faith Retirement Services?
Jerry A Fielder Ii is the Former President/Former Ceo/Trustee of Multi-Faith Retirement Services. The CEO's salary of Multi-Faith Retirement Services is $0 and their total compensation is $612,568.
Official website here: www.oaksofla.com
What is the revenue of Multi-Faith Retirement Services?
Multi-Faith Retirement Services's revenue in 2022 was $10,423,338.
Official website here: www.oaksofla.com
Who are the executives of Multi-Faith Retirement Services and what are their salaries?
The average compensation at Multi-Faith Retirement Services during 2022 was $35,278. There are 134 employees and 53 volunteers at Multi-Faith Retirement Services.
Here are 11 key members and their salaries (Multi-Faith Retirement Services's CEO's salary is $0 and their total compensation is $612,568):
- Compensation: $0
- Related: $1,740,272
- Other: $8,663
- Compensation: $0
- Related: $223,626
- Other: $11,107
- 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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $575,072
- Other: $37,496
Official website here: www.oaksofla.com
Where can I find the form 990 for Multi-Faith Retirement Services?
Multi-Faith Retirement Services's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oaksofla.com
Learn more at the official website: www.oaksofla.com
Mission Statement of Multi-Faith Retirement Services
Multi-Faith Retirement Services is dedicated to improving the quality of life for senior adults. Their mission is to promote health and well-being by offering a vibrant, multi-faith continuing care community. This community provides services that cater to the spiritual, social, and physical needs of the elderly. The organization operates a retirement community, consisting of a 150-bed skilled nursing facility and 118 independent living units. They offer nursing services, with the center providing 32,270 days of nursing services during the fiscal year ending September 30, 2022, serving an average of 88.41 patients per day. Additionally, the independent living section of the community had a total of 19,714 resident days during the same fiscal year, serving an average of 54.01 residents per day. By providing housing, healthcare, and related services, Multi-Faith Retirement Services aims to support the elderly in maintaining their well-being and living a fulfilling life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Multi-Faith Retirement Services, operating as Live Oak, has a significant impact on the lives of senior adults in Shreveport, LA. By providing housing, healthcare, and related services through a retirement community, this organization plays a crucial role in improving the quality of life for elderly individuals. The 150-staffed bed skilled nursing facility and 118 independent living units offer essential care and support to residents.
During the fiscal year ending September 30, 2022, Multi-Faith Retirement Services provided 32,270 days of nursing services, serving an average of 88.41 patients per day. Additionally, the independent living units accommodated 19,714 resident days, catering to an average of 54.01 residents per day. These numbers showcase the organization's commitment to meeting the healthcare needs of the elderly population.
Live Oak's mission to promote health and well-being by offering a vibrant, multifaith continuing care community addresses the spiritual, social, and physical needs of senior adults. By focusing on human services and creating a supportive environment, Multi-Faith Retirement Services positively impacts the lives of elderly individuals and enriches the community as a whole.
This information is meant to be a general summary of Multi-Faith Retirement Services. 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: -$13,530
- Program Service Revenue: $9,710,600
- Gross Receipts: $10,436,987
Assets and Liabilities:
- Total Assets: $13,022,526
- Total Liabilities: $3,223,269
- Net Assets: $9,799,257
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROG.SERV.REVENUE-EXCLUDED-990
Revenue
$9,710,600
Organization Details
Founding Year
1977
Phone
(318) 797-1900Principal Officer
Jerry A Fielder Ii
Main Address
CO COLEEVANSPETERSONPO DRAWER17, SHREVEPORT, LA, 711661768
Website
www.oaksofla.comNTEE Category
Code: P75 - Human services
If you are a representative of Multi-Faith Retirement Services and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.