Overview
What is Viamonte Senior Living 1 Inc?
Viamonte Senior Living 1 Inc is a nonprofit organization based in Walnut Creek, California, dedicated to improving the lives of older adults by offering housing and programs. They opened their continuing care retirement community, Viamonte, in November 2020, featuring 174 independent living units, 7 assisted living units, and 10 memory care units. Viamonte provides essential services such as meals, housekeeping, laundry, maintenance, transportation, salon and spa services, and various social, physical, and cultural activities for its residents. The organization's mission includes designing, financing, constructing, and operating the retirement community on a non-profit, non-denominational basis, and engaging in any additional activities that further this purpose. With a team of 73 employees, Viamonte Senior Living 1 Inc aims to enhance the quality of life for older adults through its comprehensive offerings.
Official website here: www.viamonteliving.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81% (Three-Star out of Four Star rating)
Viamonte Senior Living 1 Inc has received an 81% rating from Charity Navigator, indicating a solid performance in accountability and finance. This score reflects the organization’s strong governance practices, including a fully independent board of directors and a commitment to financial transparency. The organization has no reported conflicts of interest, and its financial statements are subject to rigorous audit and oversight.
The nonprofit demonstrates impressive efficiency, with a program expense ratio of 90.70%, suggesting that the majority of its funds are directed towards its programs rather than administrative costs. Additionally, Viamonte has established several important policies, including whistleblower and document retention policies, which enhance its operational integrity and accountability.
However, while the financial health indicators are positive, the data does highlight significant salaries for key personnel, which may raise questions about compensation relative to the organization’s overall mission and service delivery. Overall, Viamonte Senior Living 1 Inc appears to be a well-managed organization with a focus on transparency and accountability, though stakeholders may want to consider the context of executive compensation in their evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Viamonte Senior Living 1 Inc legitimate?
Viamonte Senior Living 1 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Viamonte Senior Living 1 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: $327,655
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,624,912
For more financial information, click here
Official website here: www.viamonteliving.org
What is the mission statement of Viamonte Senior Living 1 Inc?
Viamonte Senior Living 1 Inc is a nonprofit organization dedicated to enhancing the lives of older adults. Their mission involves designing, financing, constructing, and operating a continuing care retirement community, offering housing and various programs. The community aims to provide essential services such as meals, housekeeping, laundry, maintenance, transportation, salon and spa services, and a range of social, physical, and cultural activities. The organization's purpose is to improve the quality of life for older persons on a nonprofit, nondenominational basis.
Official website here: www.viamonteliving.org
Who is the CEO of Viamonte Senior Living 1 Inc?
Sara Mcvey is the CEO of Viamonte Senior Living 1 Inc The CEO's salary of Viamonte Senior Living 1 Inc is $0 and their total compensation is $615,152.
Official website here: www.viamonteliving.org
What is the revenue of Viamonte Senior Living 1 Inc?
Viamonte Senior Living 1 Inc's revenue in 2023 was $20,804,021.
Official website here: www.viamonteliving.org
Who are the executives of Viamonte Senior Living 1 Inc and what are their salaries?
The average compensation at Viamonte Senior Living 1 Inc during 2023 was $48,797. There are 81 employees and 40 volunteers at Viamonte Senior Living 1 Inc.
Here are 10 key members and their salaries (Viamonte Senior Living 1 Inc's CEO's salary is $0 and their total compensation is $615,152):
- Compensation: $0
- Related: $382,230
- Other: $40,491
- Compensation: $0
- Related: $294,603
- Other: $46,410
- 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: $580,233
- Other: $34,919
- Compensation: $0
- Related: $296,392
- Other: $17,119
- Compensation: $0
- Related: $250,398
- Other: $44,558
Official website here: www.viamonteliving.org
Where can I find the form 990 for Viamonte Senior Living 1 Inc?
Viamonte Senior Living 1 Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.viamonteliving.org
Learn more at the official website: www.viamonteliving.org
Mission Statement of Viamonte Senior Living 1 Inc
Viamonte Senior Living 1 Inc, a nonprofit, nondenominational organization, is dedicated to improving the quality of life for older persons by providing housing and programs. The mission of Viamonte Senior Living 1 Inc is to design, finance, construct, and operate a continuing care retirement community on a nonprofit basis. This community offers independent living units, assisted living units, and memory care units.
Upon completion, Viamonte Senior Living 1 Inc opened its doors in November 2020, providing its residents with essential services including meals, housekeeping, laundry, maintenance, and transportation. In addition, residents can take advantage of salon and spa services. The organization encourages its residents to participate in various social, physical, and cultural activities, such as games and yoga, to promote a fulfilling lifestyle.
Viamonte Senior Living 1 Inc's commitment extends beyond the essentials. By offering housing and programs, this nonprofit organization meets the needs of older persons, creating an inclusive and supportive community. The opening of Viamonte in Walnut Creek, California, marked the beginning of a new chapter for older adults seeking a vibrant and engaging retirement experience.
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Impact
October, 2024
Viamonte Senior Living 1 Inc significantly enhances the quality of life for older adults by providing comprehensive housing and support services. The organization operates a Continuing Care Retirement Community in Walnut Creek, California, catering to various needs of seniors through a diverse range of offerings.
Since its opening in November 2020, Viamonte has established a vibrant community that includes 174 independent living units, along with additional assisted living and memory care options. This thoughtfully designed environment not only addresses the housing needs of seniors but also promotes their overall well-being.
Residents have access to essential services such as meals, housekeeping, laundry, maintenance, and transportation, which alleviate daily burdens and enhance convenience. Beyond physical care, Viamonte fosters a sense of community by encouraging participation in numerous social, physical, and cultural activities. Programs like games, yoga, and other recreational pursuits allow residents to engage meaningfully, create connections, and maintain an active lifestyle.
By focusing on holistic care that marries housing, support services, and community engagement, Viamonte Senior Living 1 Inc plays a crucial role in enriching the lives of its residents and promoting a fulfilling retirement experience.
This information is meant to be a general summary of Viamonte Senior Living 1 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 2023.
- Investment Income: $2,800,442
- Program Service Revenue: $17,958,149
- Gross Receipts: $20,804,021
Assets and Liabilities:
- Total Assets: $246,637,848
- Total Liabilities: $251,508,498
- Net Assets: -$4,870,650
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT FEES
Revenue
$11,644,204
AMORT OF ENTRANCE FEES
Revenue
$5,280,595
SERVICE FEES
Revenue
$1,033,350
Organization Details
Founding Year
2016
Principal Officer
Sara Mcvey
Website
www.viamonteliving.orgNTEE Category
Code: L80 - Housing
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