Overview
What is Arcadia Retirement Residence?
Arcadia Retirement Residence is a nonprofit organization based in Honolulu, Hawaii, that provides senior living with a focus on grace, compassion, and dynamism. Their mission is to enhance the health and overall well-being of the elderly population by offering housing, healthcare, and financial security. They accommodate 250 residents and charge an average monthly fee of $4,300 in 2022, which covers room, board, and additional services. Upon moving in, new residents pay for a lifetime interest in their apartment, with the revenue from the amortization of the entrance fee spread over the expected life of the resident. The organization employs 707 individuals to ensure the spiritual, physical, and social needs of every resident are met.
Official website here: www.arcadia.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
Arcadia Retirement Residence has received a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 89% overall, with a notable emphasis on financial health and transparency, indicating that it effectively manages its resources. The presence of a majority of independent board members (81%) further underscores its commitment to governance and accountability.
The financial metrics are impressive, highlighted by a program expense ratio of 89.23%, which suggests that a significant portion of funds is directed towards its mission-related activities. Additionally, the organization has demonstrated strong practices in areas such as conflict of interest and whistleblower policies, receiving full points in these categories. However, the liabilities to assets ratio of 59.09% may raise some concerns about financial leverage and stability.
While Arcadia Retirement Residence shows strengths in governance and program spending, stakeholders may want to monitor the liabilities situation to ensure long-term financial health. The salaries of key personnel, while reflecting competitive compensation, could also be a point of discussion regarding resource allocation. Overall, the organization appears to be well-managed and committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Arcadia Retirement Residence legitimate?
Arcadia Retirement Residence is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arcadia Retirement Residence 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: $12,986,477
For more financial information, click here
Official website here: www.arcadia.org
What is the mission statement of Arcadia Retirement Residence?
Arcadia Retirement Residence is dedicated to providing senior living with excellence in a compassionate and dynamic environment. Their primary goal is to promote the health and overall well-being of the elderly by offering housing, healthcare, and financial security, ensuring a superior continuum of assured lifetime care. This care caters to the spiritual, physical, and social needs of every resident. Arcadia Retirement Residence is committed to enhancing the lives of the elderly population, fostering a gracious and compassionate community where they can thrive.
Official website here: www.arcadia.org
Who is the CEO of Arcadia Retirement Residence?
Vivian Lai is the President & Ceo of Arcadia Retirement Residence. The CEO's salary of Arcadia Retirement Residence is $0 and their total compensation is $375,992.
Official website here: www.arcadia.org
What is the revenue of Arcadia Retirement Residence?
Arcadia Retirement Residence's revenue in 2022 was $35,633,204.
Official website here: www.arcadia.org
Who are the executives of Arcadia Retirement Residence and what are their salaries?
The average compensation at Arcadia Retirement Residence during 2022 was $18,368. There are 707 employees and 9 volunteers at Arcadia Retirement Residence.
Here are 16 key members and their salaries (Arcadia Retirement Residence's CEO's salary is $0 and their total compensation is $375,992):
- Compensation: $0
- Related: $343,584
- Other: $32,408
- Compensation: $0
- Related: $248,875
- Other: $18,709
- 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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $133,698
- Related: $0
- Other: $31,590
- Compensation: $122,385
- Related: $0
- Other: $16,836
- Compensation: $124,526
- Related: $0
- Other: $16,144
- Compensation: $160,487
- Related: $0
- Other: $17,448
- Compensation: $125,535
- Related: $0
- Other: $16,360
Official website here: www.arcadia.org
Where can I find the form 990 for Arcadia Retirement Residence?
Arcadia Retirement Residence's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.arcadia.org
Learn more at the official website: www.arcadia.org
Mission Statement of Arcadia Retirement Residence
Arcadia Retirement Residence, a reputable senior living community, is committed to enhancing the lives of the elderly in a compassionate and dynamic environment. With a gracious approach, Arcadia focuses on the health and general welfare of its residents by offering superior housing, healthcare, and financial security, ensuring a lifetime care that caters to the spiritual, physical, and social needs of every resident.
Established with a primary objective to further the well-being of the elderly population, Arcadia Retirement Residence provides a continuum of care that prioritizes the unique requirements of each resident. This nonprofit organization is dedicated to creating a living experience that goes beyond the basic necessities, fostering an environment where seniors can flourish and thrive in their golden years.
Driven by its mission, Arcadia Retirement Residence strives to deliver housing solutions that cater to the diverse needs of its residents. By integrating healthcare services and financial security, this organization ensures that its seniors have access to essential resources that promote their overall well-being. In providing a superior continuum of care, Arcadia Retirement Residence addresses the spiritual, physical, and social needs of every resident, ultimately enabling them to live a fulfilling and enriching life.
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Impact
October, 2024
Arcadia Retirement Residence significantly enhances the quality of life for seniors by offering a nurturing and supportive environment that prioritizes their health and well-being. By providing comprehensive housing, healthcare, and financial security, Arcadia addresses essential needs while ensuring a dignified living experience for its residents.
The residence is designed to accommodate 250 seniors, with a focus on creating a dynamic community where individuals can thrive. With an average monthly service fee of $4,300, residents receive room and board, along with various essential services. This model allows residents to feel secure in their living arrangements and fosters a sense of belonging.
Arcadia’s commitment to a superior continuum of care ensures that all spiritual, physical, and social needs are met, promoting an engaging lifestyle. The monthly service structure, coupled with an entrance fee amortization plan, provides a stable financial framework that supports the long-term sustainability of the residence, allowing it to focus on delivering exceptional services and initiatives.
Overall, Arcadia Retirement Residence plays a vital role in enhancing the lives of seniors in Honolulu through compassionate care, creating a vibrant community that prioritizes healthy and fulfilling living.
This information is meant to be a general summary of Arcadia Retirement Residence. 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: -$148,465
- Program Service Revenue: $35,191,840
- Gross Receipts: $42,083,998
Assets and Liabilities:
- Total Assets: $74,229,926
- Total Liabilities: $43,867,833
- Net Assets: $30,362,093
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MONTHY SERVICE CHARGE
Revenue
$13,206,018
HEALTH CARE SERVICES
Revenue
$12,198,294
AMORTIZATION OF ENTRANCE
Revenue
$7,609,443
ASSISTED LIVING
Revenue
$1,707,882
MISCELLANEOUS
Revenue
$470,203
Organization Details
Founding Year
1987
Phone
(808) 941-0941Principal Officer
Vivian Lai
Main Address
1434 PUNAHOU STREET, HONOLULU, HI, 96822
Website
www.arcadia.orgNTEE Category
Code: P750 - Human services
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