Overview
What is Lambeth House Inc?
Lambeth House Inc is a nonprofit organization based in New Orleans, Louisiana. They own and operate a continuing care retirement community, which provides housing options and related services for the elderly. The community consists of 118 apartment homes, 61 assisted living suites, and 72 nursing care beds. Lambeth House aims to enhance the lives of older adults by offering independent living, assisted living, and nursing facility units. Their offerings include information programs, ensuring comprehensive care for their residents.
Official website here: www.lambethhouse.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (64%)
Lambeth House Inc has received a two-star rating from Charity Navigator, indicating that there are areas needing improvement, particularly in its financial practices. While the organization boasts a fully independent board and robust governance policies, its financial health appears to be a concern given a liabilities to assets ratio of approximately 65%, which suggests potential fiscal challenges.
The organization shows strengths in accountability measures, as it has scored well in areas such as audit oversight and conflict of interest policies. It also does well in maintaining appropriate documentation of board meeting minutes and other governance-related records, reflecting a commitment to transparency and good management practices.
However, the program expense ratio of just over 53% raises questions about how effectively funds are being directed towards programmatic activities versus administrative costs. This lower ratio may indicate a need for Lambeth House Inc to better align its financial resources with its mission-driven initiatives to enhance overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Lambeth House Inc legitimate?
Lambeth House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lambeth House 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.lambethhouse.com
What is the mission statement of Lambeth House Inc?
Lambeth House Inc is dedicated to operating a continuing care retirement community for the elderly. Their mission encompasses providing housing solutions, ranging from independent living to assisted living and nursing care, along with related services for residents. These offerings include informational programs tailored to the elderly population. The community under their care houses 118 apartment homes, 61 assisted living suites, and 72 nursing care beds.
Official website here: www.lambethhouse.com
Who is the CEO of Lambeth House Inc?
Linda Conner is the Board Member of Lambeth House Inc.
Official website here: www.lambethhouse.com
What is the revenue of Lambeth House Inc?
Lambeth House Inc's revenue in 2022 was $12,888,683.
Official website here: www.lambethhouse.com
Who are the executives of Lambeth House Inc and what are their salaries?
There 18 volunteers at Lambeth House Inc.
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Official website here: www.lambethhouse.com
Where can I find the form 990 for Lambeth House Inc?
Lambeth House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lambethhouse.com
Learn more at the official website: www.lambethhouse.com
Mission Statement of Lambeth House Inc
Lambeth House Inc, a reputable nonprofit organization, is dedicated to owning and managing a continuing care retirement community for the elderly. Nestled within this mission, Lambeth House provides a homely environment where residents can enjoy living independently or with some assistance, as well as access to nursing care when needed. This retirement community comprises of 118 apartment homes, 61 assisted living suites, and 72 nursing care beds.
The organization goes beyond merely providing housing for the elderly. Lambeth House Inc offers a range of related services to support their residents in their daily lives. These services include information programs, designed to empower and inform the elderly community, enabling them to make informed decisions and live fulfilling lives. The retirement community under the care of Lambeth House Inc is more than just a place to live; it is a community where individuals can continue to grow and thrive.
Lambeth House Inc's commitment to its residents extends beyond the provision of housing and services. The organization is dedicated to ensuring the well-being of its elderly population, offering a warm and welcoming environment where they can feel safe, comfortable, and valued. By owning and managing this continuing care retirement community, Lambeth House Inc plays a vital role in providing elderly individuals with the care and support they need to live their best lives.
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Impact
October, 2024
Lambeth House Inc plays a significant role in the well-being of the elderly community in New Orleans, Louisiana. By operating a continuing care retirement community, it offers a comprehensive range of housing options tailored for the aged, including independent living, assisted living, and nursing care units. This multifaceted approach ensures that residents have access to the services they need as their care requirements evolve.
The facility is designed to foster a sense of community and belonging, allowing residents to engage with one another while receiving the care and support needed for a comfortable lifestyle. With 118 apartment homes, 61 assisted living suites, and 72 nursing care beds, Lambeth House Inc is equipped to accommodate a diverse population, promoting dignity and respect for every individual.
Additionally, the organization provides information and programs aimed at empowering residents and enhancing their quality of life. By focusing on both physical and social needs, Lambeth House Inc significantly impacts the lives of its residents, facilitating a supportive environment that champions aging with grace and security.
This information is meant to be a general summary of Lambeth House 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: $3,276,974
- Program Service Revenue: $9,524,239
- Gross Receipts: $20,528,670
Assets and Liabilities:
- Total Assets: $121,992,982
- Total Liabilities: $79,283,759
- Net Assets: $42,709,223
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICE FEES
Revenue
$9,524,239
Organization Details
Founding Year
1993
Phone
(504) 865-1960Principal Officer
Linda Conner
Main Address
150 BROADWAY, NEW ORLEANS, LA, 70118
Website
www.lambethhouse.comNTEE Category
Code: P750 - Human services
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