Overview
What is Episcopal Retirement Communities?
Episcopal Retirement Communities (ERC) is a nonprofit organization situated in Bremerton, Washington, specifically at 703 Callahan Drive, 98310. Their primary mission is to offer affordable retirement communities for seniors aged 62 and above. ERC operates various senior residential facilities, such as Canterbury Manor, an independent senior community, and St. Andrew's Place, an assisted living community. They also provide funding for future growth, support, and services. Notably, ERC acquired two new properties in 2020 and is eager to expand its services for seniors. As a non-profit organization, ERC's ultimate goal is to serve communities by providing high-quality housing and services to underserved older adult populations.
Official website here: www.episcopalretirement.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Episcopal Retirement Communities has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. The organization scored exceptionally well across various metrics, particularly in aspects such as independent board governance, with 85% of board members being independent. This indicates a solid oversight structure that enhances transparency and trust.
The financial health of the organization is robust, highlighted by a low liabilities to assets ratio of 18.22% and a program expense ratio of 80.40%. These figures suggest that a significant proportion of their expenses are directed toward their programs, which is a positive sign for donors looking to support effective initiatives. The organization also maintains comprehensive policies regarding conflicts of interest and whistleblower protections, reinforcing its dedication to ethical practices.
While the data showcases numerous strengths, it does not provide specific details about the program outcomes or community impact. Potential donors and stakeholders may wish to seek additional information on how the organization's financial health translates into tangible benefits for the communities it serves. Overall, Episcopal Retirement Communities stands out for its governance and fiscal responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Episcopal Retirement Communities legitimate?
Episcopal Retirement Communities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Episcopal Retirement Communities 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: $204,092
Professional Fundraising Fees: $0
Other Salaries and Wages: $592,155
For more financial information, click here
Official website here: www.episcopalretirement.org
What is the mission statement of Episcopal Retirement Communities?
Episcopal Retirement Communities, as a non-profit organization, is committed to providing an affordable retirement community for seniors aged 62 and above. Its mission is to serve various communities by offering high-quality services and housing to older adults. The organization aims to extend its services to underserved populations, with a goal of enhancing the quality of life for senior residents. Episcopal Retirement Communities operates senior residential communities, providing a range of housing options, recreational, and wellness services to individuals with varying income levels. Currently, they manage Canterbury Manor, an independent senior community, and St. Andrew's Place, an assisted living community. The organization also invests in future growth and services, having acquired two properties in 2020 and looking forward to expanding its offerings to more seniors.
Official website here: www.episcopalretirement.org
Who is the CEO of Episcopal Retirement Communities?
Beverly Maine is the Vice Chair of Episcopal Retirement Communities. The CEO's salary of Episcopal Retirement Communities is $160,743 and their total compensation is $204,092.
Official website here: www.episcopalretirement.org
What is the revenue of Episcopal Retirement Communities?
Episcopal Retirement Communities's revenue in 2022 was $2,246,629.
Official website here: www.episcopalretirement.org
Who are the executives of Episcopal Retirement Communities and what are their salaries?
The average compensation at Episcopal Retirement Communities during 2022 was $16,588. There are 48 employees and 17 volunteers at Episcopal Retirement Communities.
Here are 11 key members and their salaries (Episcopal Retirement Communities's CEO's salary is $160,743 and their total compensation is $204,092):
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- Compensation: $160,743
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- Other: $43,349
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Official website here: www.episcopalretirement.org
Where can I find the form 990 for Episcopal Retirement Communities?
Episcopal Retirement Communities's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.episcopalretirement.org
Learn more at the official website: www.episcopalretirement.org
Mission Statement of Episcopal Retirement Communities
Episcopal Retirement Communities, a non-profit organization, is committed to providing an affordable retirement community for seniors aged 62 and above. Their mission is multifaceted, aiming to serve communities by offering high-quality services and housing to older adults. The organization's ultimate goal is to extend these services and housing opportunities to underserved populations.
Episcopal Retirement Communities achieves its mission by constructing and operating senior residential communities. These communities offer a variety of income levels quality housing, recreational, and wellness services. The organization currently operates Canterbury Manor, an independent senior community, and St. Andrew's Place, an assisted living community. Furthermore, Episcopal Retirement Communities also provides funding for future support, growth, and services, demonstrating their commitment to expanding their reach to more seniors.
In 2020, Episcopal Retirement Communities acquired two new properties, signaling their ambition to expand their services. The organization's mission is driven by a desire to improve the lives of seniors by addressing their housing and service needs in a compassionate and affordable manner. Episcopal Retirement Communities serves as a beacon of support for older adults, providing them with a safe and nurturing environment during their retirement years.
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Impact
July, 2024
Episcopal Retirement Communities positively impacts seniors aged 62 and older by providing them with affordable and high-quality retirement community options. Through communities like Canterbury Manor and St. Andrew's Place, ERC offers housing, recreation, and wellness services to individuals across various income levels. By expanding services and acquiring new properties, ERC is actively working towards fulfilling its mission of serving older adults, including underserved populations, with dedication and care. This commitment to providing accessible and enriching housing options for seniors contributes to enhancing their quality of life and overall well-being.
This information is meant to be a general summary of Episcopal Retirement Communities. 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: $22,344
- Program Service Revenue: $2,132,237
- Gross Receipts: $2,249,757
Assets and Liabilities:
- Total Assets: $4,285,182
- Total Liabilities: $780,818
- Net Assets: $3,504,364
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTS' RENT
Revenue
$2,132,237
Organization Details
Founding Year
1960
Phone
(360) 377-0113Principal Officer
Beverly Maine
Main Address
703 CALLAHAN DR, BREMERTON, WA, 98310
Website
www.episcopalretirement.orgNTEE Category
Code: L220 - Housing
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