Overview
What is The Legacy Senior Communities Foundation?
The Legacy Senior Communities Foundation is a nonprofit organization based in Dallas, Texas, specifically located at 8260 Manderville Lane Suite 300. Their primary mission is to raise funds for the creation and continuation of an endowment, which they then invest and distribute to enhance the capabilities of their affiliates, The Legacy Senior Communities, Inc., The Legacy Willow Bend, Inc., The Legacy Midtown Park, Inc., and The Legacy at Home. These affiliates provide elder care facilities, and the foundation's support enables them to offer a continuum of care to seniors and their families.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Legacy Senior Communities Foundation has received a commendable Four-Star rating from Charity Navigator, indicating a strong level of financial health and accountability. The overall score of 92% is derived entirely from an Accountability & Finance beacon, showcasing the organization's commitment to transparency and responsible financial management.
Strengths of the foundation include a completely independent board, with 100% of board members being independent and a total of 13 members. The organization has demonstrated effective oversight with a dedicated audit and oversight committee, and it has established robust policies such as conflict of interest and whistleblower protections. Financially, they show a program expense ratio of 88.01%, meaning the majority of their expenses are directed toward their mission.
However, while the ratings reflect a strong financial position, ongoing engagement and feedback from beneficiaries and the community could provide more insights into the impact of their programs. Overall, The Legacy Senior Communities Foundation appears well-managed, with a focus on sustainability and ethical practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Legacy Senior Communities Foundation legitimate?
The Legacy Senior Communities Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Legacy Senior Communities Foundation 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: $130,590
For more financial information, click here
What is the mission statement of The Legacy Senior Communities Foundation?
The Legacy Senior Communities Foundation is dedicated to raising funds for the creation and continuation of an endowment. The funds are invested and later distributed to enhance the capabilities of affiliated elder care organizations. These distributions enable the organizations to provide a continuum of care to seniors and their families. The foundation's efforts directly benefit The Legacy Senior Communities, The Legacy Willow Bend, The Legacy Midtown Park, and The Legacy at Home. These organizations use the funds for general support of their elder care facilities.
Who is the CEO of The Legacy Senior Communities Foundation?
Melissa Orth is the Lsc President/Ceo of The Legacy Senior Communities Foundation. The CEO's salary of The Legacy Senior Communities Foundation is $0 and their total compensation is $635,717.
What is the revenue of The Legacy Senior Communities Foundation?
The Legacy Senior Communities Foundation's revenue in 2022 was $3,127,909.
Who are the executives of The Legacy Senior Communities Foundation and what are their salaries?
The average compensation at The Legacy Senior Communities Foundation during 2022 was $65,295. There are 2 employees and 12 volunteers at The Legacy Senior Communities Foundation.
Here are 17 key members and their salaries (The Legacy Senior Communities Foundation's CEO's salary is $0 and their total compensation is $635,717):
- Compensation: $0
- Related: $615,709
- Other: $20,008
- Compensation: $0
- Related: $258,878
- Other: $19,303
- Compensation: $0
- Related: $147,573
- Other: $11,052
- Compensation: $0
- Related: $142,328
- Other: $2,131
- 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: $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
Where can I find the form 990 for The Legacy Senior Communities Foundation?
The Legacy Senior Communities Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Legacy Senior Communities Foundation
The Legacy Senior Communities Foundation is a charitable organization dedicated to raising funds for the creation and continuation of an endowment. By investing the funds they raise, The Legacy Senior Communities Foundation is able to distribute the earnings to enhance the capabilities of its affiliates, The Legacy Senior Communities, Inc., The Legacy Willow Bend, Inc., The Legacy Midtown Park, Inc., and The Legacy at Home. These affiliates provide a continuum of care to seniors and their families.
Through its fundraising and investment efforts, The Legacy Senior Communities Foundation seeks to strengthen the financial resources of its affiliates, enabling them to deliver high-quality elder care services. The distributed funds are used to support various aspects of the care facilities, ensuring they can continue to provide essential services to the elderly population. The Foundation's mission is essential in helping these organizations maintain their commitment to caring for seniors and their families with dedication and excellence.
The Legacy Senior Communities Foundation's philanthropic work is instrumental in improving the lives of countless seniors. By collaborating with its affiliates, it enables them to focus on their primary goals – delivering compassionate care to older adults – while the Foundation handles the crucial task of securing the necessary financial resources. With the Foundation's unwavering dedication, its affiliates can continue to make a difference in the lives of seniors and their families, ensuring they receive the care and support they need to thrive.
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Impact
October, 2024
The Legacy Senior Communities Foundation significantly enhances the quality of care provided to seniors and their families in Dallas, Texas. By raising and investing funds, the foundation creates and sustains an endowment that supports various elder care facilities, including The Legacy Senior Communities, Inc., The Legacy Willow Bend, Inc., The Legacy Midtown Park, Inc., and The Legacy At Home.
Through strategic distributions, the foundation bolsters the capabilities of its affiliates, ensuring they can maintain and improve their services, thus providing a comprehensive continuum of care for seniors. This commitment not only addresses the immediate needs of the elderly but also fosters an environment where they can thrive and remain connected to their families and communities. The foundation's efforts play a vital role in enhancing the overall well-being and dignity of seniors, demonstrating a profound impact on their lives and the lives of those who care for them.
This information is meant to be a general summary of The Legacy Senior Communities Foundation. 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: $1,127,099
- Gross Receipts: $10,274,805
Assets and Liabilities:
- Total Assets: $17,375,162
- Total Liabilities: $191,757
- Net Assets: $17,183,405
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Organization Details
Founding Year
1991
Phone
(972) 468-6176Principal Officer
Melissa Orth
Main Address
8260 Manderville Lane Suite 300, Dallas, TX, 75231
NTEE Category
Code: D20 - Animals
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