Sebring Senior Living Inc

The Palms Of Sebring

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 823130539 ✦ Cleveland, TN ✦ Designated as a 501(c)(3)

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Overview

What is Sebring Senior Living Inc?

Sebring Senior Living Inc, doing business as The Palms of Sebring, is a nonprofit organization based in Cleveland, Tennessee (TN, 37311, 485 Central Avenue NE). They operate a full-service retirement community, offering various levels of care including independent living, assisted living, and skilled home nursing. Their mission is to provide high-quality services that enable residents to enjoy and thrive during their retirement years. The organization employs 336 individuals and offers experienced medical professionals, specialized medical services, and recreational activities. The Palms of Sebring has provided 33,285 resident days throughout the year.


Official website here: www.palmsofsebring.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement

Sebring Senior Living Inc has received a two-star rating from Charity Navigator, indicating that there are significant areas needing attention, particularly in finance and accountability. The organization scored a total of 66%, reflecting a solid governance structure with all board members being independent and the presence of strong policies such as conflict of interest and whistleblower protections.

However, the nonprofit struggles with financial transparency, as evidenced by a score of 0 out of 15 for financial statements and liabilities to assets ratio. This raises concerns about the organization's fiscal management and overall financial health. While the program expense ratio is commendable, showing effective allocation of funds towards its mission, the lack of publicly available financial documentation could hinder trust and support from potential donors.

Additionally, the salaries of key personnel, including the executive director, appear quite high relative to the nonprofit's operational transparency. This may lead to questions about the overall financial priorities of the organization. Without clearer financial reporting, stakeholders may find it difficult to fully assess the organization's impact and sustainability.


This AI summary has been generated from information found on Charity Navigator.

Is Sebring Senior Living Inc legitimate?

Sebring Senior Living Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sebring Senior Living 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,182,981

For more financial information, click here


Official website here: www.palmsofsebring.com

What is the mission statement of Sebring Senior Living Inc?

Sebring Senior Living Inc operates a retirement community offering multiple levels of care, providing residents with independent living facilities, assisted living facilities, and skilled home nursing care. Their mission is geared towards enhancing the retirement years for residents with a range of high-quality services. The community is home to experienced medical professionals, supplying specialized medical services. Residents can engage in a variety of recreational activities, ensuring a well-rounded and enjoyable retirement experience. Throughout the year, Sebring Senior Living facilitates approximately 33,000 resident days, illustrating their commitment to supporting their residents.


Official website here: www.palmsofsebring.com

Who is the CEO of Sebring Senior Living Inc?

Christin J Rose is the Chairman/President of Sebring Senior Living Inc.


Official website here: www.palmsofsebring.com

What is the revenue of Sebring Senior Living Inc?

Sebring Senior Living Inc's revenue in 2022 was $14,038,103.


Official website here: www.palmsofsebring.com

Who are the executives of Sebring Senior Living Inc and what are their salaries?

The average compensation at Sebring Senior Living Inc during 2022 was $18,402. There are 336 employees and 6 volunteers at Sebring Senior Living Inc.


Here are 7 key members and their salaries:


Kenneth C Hart Jr (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeanne O Varnell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christin J Rose (Chairman/President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelli Ann Canan-Denny (Secretary)
  • Compensation: $0
  • Related: $71,776
  • Other: $0
David Sherlin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas D Johnson (Executive Director)
  • Compensation: $0
  • Related: $417,015
  • Other: $0
Sanford Mitchell Skipper (Cfo (Ended 12/2021))
  • Compensation: $0
  • Related: $225,068
  • Other: $0


Official website here: www.palmsofsebring.com

Where can I find the form 990 for Sebring Senior Living Inc?

Sebring Senior Living Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.palmsofsebring.com

Learn more at the official website: www.palmsofsebring.com

Mission Statement of Sebring Senior Living Inc

Sebring Senior Living Inc, a reputable retirement community operator, is dedicated to enhancing the quality of life for its residents in their retirement years. The organization, named The Palms of Sebring, prides itself on offering a range of high-quality services to help seniors prosper and enjoy their golden years.

The services provided by Sebring Senior Living Inc extend beyond just living facilities. Residents have access to independent living quarters, assisted living facilities, and skilled home nursing care. These offerings cater to varying levels of care, ensuring that seniors receive the support they need. Sebring Senior Living's experienced medical professionals offer an array of specialized medical services to ensure the wellbeing of its residents. Additionally, the community provides residents with recreational activities to keep them engaged and active.

In a year, Sebring Senior Living Inc's services contributed to an impressive 33,285 resident days, highlighting the organization's commitment to maintaining a thriving community for its seniors. By focusing on both the physical and emotional wellbeing of its residents, Sebring Senior Living Inc creates an environment where seniors can truly enjoy their retirement years.

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Impact




October, 2024

Sebring Senior Living Inc significantly enhances the quality of life for its residents by operating a comprehensive retirement community with various levels of care. The organization provides independent living, assisted living, and skilled home nursing care, ensuring that each resident receives the appropriate support tailored to their needs.

With a focus on high-quality services, Sebring Senior Living Inc employs experienced medical professionals who offer a wide range of specialized medical services, ensuring residents have access to the care they require. Additionally, the community fosters an engaging environment through recreational activities, promoting social interaction and well-being among residents.

During the year, the organization recorded 33,285 resident days, highlighting its vital role in the community by accommodating a significant number of seniors. The commitment to helping residents enjoy and thrive during their retirement years speaks to the organization's impact in providing not just essential services but also a supportive and enriching living environment.




This information is meant to be a general summary of Sebring Senior Living 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.

Revenue
$14,038,103 (2022)
Expenses
$17,176,043 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,322
  • Program Service Revenue: $13,494,153
  • Gross Receipts: $14,038,103

Assets and Liabilities:

  • Total Assets: $39,375,916
  • Total Liabilities: $50,737,929
  • Net Assets: -$11,362,013

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

NET RESIDENT SERVICE REVENUE

Revenue

$13,463,913

OTHER RESIDENT SERVICE REVENUE

Revenue

$30,240

Organization Details

Founding Year

2018

Principal Officer

Christin J Rose

Main Address

485 CENTRAL AVENUE NE, CLEVELAND, TN, 37311

NTEE Category

Code: P75 - Human services

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