Overview
What is Senior Options Community?
Senior Options Community, established in September 2021, is a nonprofit organization situated in Virginia Beach, Virginia. It operates as a self-supporting, tax-exempt entity, with its sole member being Westminster-Canterbury. The organization's primary mission is to provide housing and healthcare services for older adults, governed by a board of directors appointed by Westminster-Canterbury's board of trustees. In December 2021, Senior Options Community expanded its operations by purchasing The Overture, a 172-unit beachfront rental apartment community for adults aged 62 and older, located just three miles from Westminster-Canterbury's primary campus. The acquisition cost was $68.5 million, and The Overture's assets and operations have since been integrated under Senior Options Community, operating under the brand name Opus Select.
Official website here: www.senioroptions.net
Is Senior Options Community legitimate?
Senior Options Community is a legitimate nonprofit organization registered as a 501(c)(3) entity. Senior Options Community 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: $248,125
For more financial information, click here
Official website here: www.senioroptions.net
What is the mission statement of Senior Options Community?
Senior Options Community, as a self-supporting, tax-exempt organization, was established with charitable and religious purposes, primarily focusing on providing housing and healthcare services for older adults. Operating under the governance of a board appointed by Westminster-Canterbury's board of trustees, Senior Options Community expanded its operations by purchasing The Overture, a beach-front rental community for adults aged 62 and older. The mission of Senior Options Community, in simple terms, is to offer an independent living facility for older adults, ensuring they receive the necessary housing and healthcare services. The organization aims to enhance the quality of life for its residents, promoting their independence and well-being.
Official website here: www.senioroptions.net
Who is the CEO of Senior Options Community?
J Benjamin Unkle Jr is the CEO of Senior Options Community The CEO's salary of Senior Options Community is $0 and their total compensation is $675,350.
Official website here: www.senioroptions.net
What is the revenue of Senior Options Community?
Senior Options Community's revenue in 2023 was $4,836,201.
Official website here: www.senioroptions.net
Who are the executives of Senior Options Community and what are their salaries?
There 3 volunteers at Senior Options Community.
Here are 5 key members and their salaries (Senior Options Community's CEO's salary is $0 and their total compensation is $675,350):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $642,844
- Other: $32,506
- Compensation: $0
- Related: $268,580
- Other: $16,255
Official website here: www.senioroptions.net
Where can I find the form 990 for Senior Options Community?
Senior Options Community's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.senioroptions.net
Learn more at the official website: www.senioroptions.net
Mission Statement of Senior Options Community
Senior Options Community, a self-sustaining, tax-exempt organization, was established with charitable and religious purposes. Its primary mission is to serve older adults by providing housing and healthcare services. After its incorporation in September 2021, Senior Options Community expanded its operations by purchasing The Overture, a 172-unit beachfront rental apartment community for adults aged 62 and older. Located in Virginia Beach, Virginia, The Overture was acquired for $68.5 million and is now operated under the brand name Opus Select. Senior Options Community, governed by a board of directors appointed by Westminster-Canterbury, continues its mission to provide a comfortable living environment for older adults, ensuring their well-being and overall quality of life.
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Impact
October, 2024
Senior Options Community has made a significant impact by providing high-quality independent living facilities tailored to the needs of adults aged 62 and older. By acquiring The Overture, a 172-unit rental apartment community located in Virginia Beach, the organization has expanded its offerings and created a vibrant living environment for seniors.
With amenities and services designed to promote autonomy and enhance the quality of life, Opus Select fosters a sense of community among residents. The facility not only supports the housing needs of older adults but also emphasizes their overall well-being, facilitating access to healthcare and supportive services that empower residents to live independently and joyfully.
The strategic location of The Overture, just three miles from Westminster-Canterbury’s primary campus and near the beach, adds to the lifestyle appeal for residents. Through its dedicated approach and commitment to their mission, Senior Options Community plays a crucial role in enriching the lives of seniors, enabling them to thrive in a welcoming, supportive environment.
This information is meant to be a general summary of Senior Options Community. 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.
- Program Service Revenue: $4,836,051
- Gross Receipts: $4,836,201
Assets and Liabilities:
- Total Assets: $69,228,515
- Total Liabilities: $69,433,261
- Net Assets: -$204,746
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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
$4,836,051
Organization Details
Founding Year
2021
Principal Officer
J Benjamin Unkle Jr
Website
www.senioroptions.netNTEE Category
Code: Z99 - Unknown
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