nonprofit logo

Samaritan Housing Foundation Inc

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

EIN: 311644805 ✦ Cary, NC ✦ Designated as a 501(c)(3)

Overview

What is Samaritan Housing Foundation Inc?

The Samaritan Housing Foundation is a nonprofit organization dedicated to enhancing retirement living for individuals aged 62 and above. Their mission, embodied in the Searstone retirement community, focuses on fostering an active lifestyle, preserving individual independence, upholding personal dignity, and embracing family values. The community consists of 169 living units, housing 245 people, as well as 39 nursing care beds, with provisions for assisted living and nursing care. The organization offers essential services, which include meals, housekeeping, maintenance, activities, transportation, and nursing services, ensuring a comprehensive and nurturing living experience for its residents.


Official website here: www.searstone.com

Is Samaritan Housing Foundation Inc legitimate?

Samaritan Housing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Samaritan Housing Foundation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $692,580
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,979,679

For more financial information, click here


Official website here: www.searstone.com

What is the mission statement of Samaritan Housing Foundation Inc?

The Samaritan Housing Foundation is dedicated to creating an enhanced retirement community for individuals aged sixty-two and above. With a focus on maintaining an active lifestyle, personal independence, and preserving dignity, the foundation provides full-service life care. The community, home to 245 residents, offers living units and nursing care beds. Services encompass meals, housekeeping, maintenance, activities, transportation, and nursing services, ensuring the well-being and comfort of the residents.


Official website here: www.searstone.com

Who is the CEO of Samaritan Housing Foundation Inc?

Stanley Brading is the Principal Officer of Samaritan Housing Foundation Inc.


Official website here: www.searstone.com

What is the revenue of Samaritan Housing Foundation Inc?

Samaritan Housing Foundation Inc's revenue in 2022 was $14,492,637.


Official website here: www.searstone.com

Who are the executives of Samaritan Housing Foundation Inc and what are their salaries?

The average compensation at Samaritan Housing Foundation Inc during 2022 was $17,765. There are 263 employees at Samaritan Housing Foundation Inc.

Here are 15 key members and their salaries:

    Stanley G Brading (President) [Trustee/Director]
  • Compensation: $361,022
  • Related: $0
  • Other: $55,307

    • W Derrick Moore (Executive Director)
  • Compensation: $178,180
  • Related: $0
  • Other: $8,604

    • Kenneth L Bullock (Cfo)
  • Compensation: $153,378
  • Related: $0
  • Other: $8,721

    • Allie Ligay (Director Of Marketing)
  • Compensation: $146,425
  • Related: $0
  • Other: $9,059

    • Siva Parnam (Administrator)
  • Compensation: $112,770
  • Related: $0
  • Other: $8,050

    • Susan Cotton (Sales Manager)
  • Compensation: $100,996
  • Related: $0
  • Other: $8,469

    • James Pierce (Director)
  • Compensation: $8,850
  • Related: $0
  • Other: $0

    • Tom Beebe (Director)
  • Compensation: $8,850
  • Related: $0
  • Other: $0

    • Mack Leath (Director)
  • Compensation: $8,350
  • Related: $0
  • Other: $0

    • Charles Norman (Director)
  • Compensation: $8,250
  • Related: $0
  • Other: $0

    • Darryl Mills (Special Advisor) [Trustee/Director]
  • Compensation: $8,000
  • Related: $0
  • Other: $0

    • Linda Coleman (Director)
  • Compensation: $6,850
  • Related: $0
  • Other: $0

    • Marc Hewitt (Director)
  • Compensation: $6,000
  • Related: $0
  • Other: $0

    • Charles Henderson (Director)
  • Compensation: $5,750
  • Related: $0
  • Other: $0

    • Earl A Mead (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.searstone.com

    Where can I find the form 990 for Samaritan Housing Foundation Inc?

    The Samaritan Housing Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.searstone.com

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

    Mission Statement of Samaritan Housing Foundation Inc

    The Samaritan Housing Foundation is a community dedicated to enhancing the retirement experience for individuals aged sixty-two and above. With a focus on an active lifestyle, personal independence, and dignity, the organization strives to create an environment that values family estate preservation.

    Samaritan Housing Foundation's mission comes to life at Searstone retirement community, which accommodates 245 residents in 169 living units. The community offers a comprehensive range of services, including meals, housekeeping, maintenance, activities, transportation, and nursing care. These services ensure that residents can enjoy their golden years with ease and convenience, while maintaining their personal independence.

    At Searstone, the emphasis is on creating an engaging and vibrant community for its residents. The community accommodates 14 assisted living beds and 25 nursing care beds, making it a full-service life care facility. Samaritan Housing Foundation's commitment to preserving personal dignity and family values is reflected in the variety of services and amenities provided to its residents. By focusing on both their physical and emotional wellbeing, the organization creates an atmosphere that fosters growth, independence, and joy in later life.

    Impact

    This information is meant to be a general summary of Samaritan Housing Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Samaritan Housing Foundation Inc, through its Searstone retirement community, has made a significant impact on the lives of individuals aged 62 and older. By offering full-service life care that emphasizes an active lifestyle, personal independence, dignity, and family values, the foundation has created a supportive and enriching environment for its residents. With 169 living units accommodating 245 people and 39 nursing care beds, including facilities for assisted living and nursing care, Samaritan Housing Foundation provides a comprehensive range of services to meet the diverse needs of its community members. Through services such as meals, housekeeping, maintenance, activities, transportation, and nursing care, the foundation has enhanced the quality of life for seniors and ensured that their well-being and comfort are prioritized. Overall, Samaritan Housing Foundation's dedication to providing exceptional care and support to older adults underscores its commitment to human services and the promotion of a fulfilling and dignified retirement experience.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $-304,823
  • Program Service Revenue: $14,723,456
  • Gross Receipts: $15,949,826

    • Assets and Liabilities:
  • Total Assets: $316,589,034
  • Total Liabilities: $403,094,478
  • Net Assets: -$86,505,444
  • Programs

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

    RESIDENT FEES

    Revenue

    $12,208,131

    AMORTIZATION OF ENTRANCE FEE

    Revenue

    $1,230,998

    RESIDENT MEALS

    Revenue

    $1,032,057

    RESIDENT SERVICES

    Revenue

    $252,270

    Organization Details

    Founding Year

    2005

    Principal Officer

    Stanley Brading

    Main Address

    17001 SEARSTONE DRIVE, CARY, NC, 27513

    NTEE Category

    Code: P75 - Human services

    If you are a representative of Samaritan Housing Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.