Overview
What is Ridgely Senior Care Corp C/O Charles Henry Smith?
Ridgely Senior Care Corp C/O Charles Henry Smith is a successor organization to The Temple Foundation Inc., a 501(c)(3) charity that previously managed a senior living facility and continuing care retirement community in Fairfax County, Virginia. Established in December 2020, Ridgely Senior Care Corp's primary mission involves distributing the accumulated reserves from The Temple Foundation to other 501(c)(3) organizations that provide community services enhancing the quality of life for older adults. Since its formation, Ridgely Senior Care Corp has been engaged in reviewing plans from various continuing care retirement communities seeking funding and resolving certain claims related to the acquisition of the predecessor organization. The organization is currently based in Alexandria, Virginia.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
Ridgely Senior Care Corp has received a One-Star rating from Charity Navigator, indicating a significant concern regarding its financial accountability and transparency. While the organization shows strength in governance with a fully independent board and well-established policies, its financial metrics raise red flags, particularly the lack of program expenses reported, which severely affects its overall score.
The organization has demonstrated solid practices in terms of governance, scoring full points for independent board size and policies addressing conflicts of interest and whistleblowing. However, the absence of program expenses indicates a potential failure to allocate resources effectively toward its mission or a lack of reporting transparency, leading to a concerning 0% in program expense ratio.
Overall, while Ridgely Senior Care Corp exhibits good governance practices, its financial performance and lack of program expenditures could suggest challenges in fulfilling its charitable mission. Prospective donors and stakeholders may want to proceed with caution and seek further information on how the organization utilizes its funds to support its intended beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is Ridgely Senior Care Corp C/O Charles Henry Smith legitimate?
Ridgely Senior Care Corp C/O Charles Henry Smith is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ridgely Senior Care Corp C/O Charles Henry Smith 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: $0
For more financial information, click here
What is the mission statement of Ridgely Senior Care Corp C/O Charles Henry Smith?
Ridgely Senior Care Corp, established as a successor to The Temple Foundation, is committed to distributing assets to charitable organizations that provide community services to enhance the lives of older adults. Originally, The Temple Foundation operated a senior living facility and continuing care retirement community, accumulating reserves for facility renovation and property acquisition. However, when the attempt to acquire the property failed, the reserves were deemed suitable for donation to charitable organizations offering community services for older adults. Consequently, Ridgely Senior Care Corp was established to distribute these assets to 501(c)(3) charitable organizations actively engaged in providing community services that support and improve the quality of life for older adults.
Who is the CEO of Ridgely Senior Care Corp C/O Charles Henry Smith?
Charles Henry Smith is the Chairman & D of Ridgely Senior Care Corp C/O Charles Henry Smith.
What is the revenue of Ridgely Senior Care Corp C/O Charles Henry Smith?
Ridgely Senior Care Corp C/O Charles Henry Smith's revenue in 2022 was -$150,160.
Who are the executives of Ridgely Senior Care Corp C/O Charles Henry Smith and what are their salaries?
There 3 volunteers at Ridgely Senior Care Corp C/O Charles Henry Smith.
Here are 3 key members and their salaries:
- 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 Ridgely Senior Care Corp C/O Charles Henry Smith?
Ridgely Senior Care Corp C/O Charles Henry Smith's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ridgely Senior Care Corp C/O Charles Henry Smith
Ridgely Senior Care Corp C/O Charles Henry Smith, a successor to the Temple Foundation Inc., is a 501(c)(3) public charity with a mission to distribute assets accumulated over the years to other charitable organizations that provide community services to enhance the lives of older adults. Originally, Temple operated a senior living facility and continuing care retirement community in Fairfax County, Virginia, under a lease agreement. The lease expired in April 2019, and the lessor sold the property, making it impossible for Temple to acquire the property. As a result, the Temple Board decided to donate the reserves, which were intended for the renovation of the facility and acquisition, to other charitable organizations that provide community services for older adults. Ridgely Senior Care Corp C/O Charles Henry Smith was established to distribute these assets, aiming to support and improve the quality of life for older adults through various charitable organizations actively involved in providing community services.
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Impact
October, 2024
Ridgely Senior Care Corp, under the leadership of Charles Henry Smith, plays a crucial role in enhancing the quality of life for older adults. Following the conclusion of the lease agreement for the senior living facility previously operated by the Temple Foundation, Ridgely was established to allocate the funds accrued over the years to other organizations that focus on community services for seniors.
Since its inception, Ridgely Senior Care Corp has dedicated efforts to carefully review proposals from various continuing care retirement communities seeking financial support. This commitment not only ensures that funds are utilized effectively but also maximizes the positive impact on the lives of older adults in the community. Additionally, Ridgely has been involved in legal matters related to previous agreements, demonstrating a proactive approach to safeguarding the interests of the organization and its mission.
Through these efforts, Ridgely Senior Care Corp is fostering a supportive environment for older adults, ensuring they have access to necessary services and resources that enhance their well-being and overall quality of life.
This information is meant to be a general summary of Ridgely Senior Care Corp C/O Charles Henry Smith. 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: -$150,160
- Gross Receipts: $10,257,810
Assets and Liabilities:
- Total Assets: $14,914,305
- Total Liabilities: $0
- Net Assets: $14,914,305
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Organization Details
Founding Year
2020
Phone
(410) 599-7418Principal Officer
Charles Henry Smith
Main Address
604 KINGS CLOISTER CIRCLE, ALEXANDRIA, VA, 223044000
NTEE Category
Code: P75 - Human services
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