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Laurel Lake Retirement Community Inc

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

EIN: 341481142 ✦ Hudson, OH ✦ Designated as a 501(c)(3)

Overview

What is Laurel Lake Retirement Community Inc?

Laurel Lake Retirement Community Inc, located at 200 Laurel Lake Drive, Hudson, OH 44236, is a vibrant retirement community dedicated to providing an active lifestyle for adults. With a team of 277 employees, they offer essential services such as housekeeping and environmental care. Their mission is to be the community of choice for individuals seeking a meaningful and purposeful retirement life, filled with opportunities for growth and service. The community values compassion, respect, excellence, and service in all aspects of their operations. Laurel Lake Retirement Community accomplishes this by delivering on various activities, educational programs, and entertainment.


Official website here: www.laurellake.org

Is Laurel Lake Retirement Community Inc legitimate?

Laurel Lake Retirement Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laurel Lake Retirement Community 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: $593,263
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,430,965

For more financial information, click here


Official website here: www.laurellake.org

What is the mission statement of Laurel Lake Retirement Community Inc?

Laurel Lake Retirement Community Inc is dedicated to being the preferred choice for adults seeking a retirement community filled with meaning, purpose, and opportunities for growth and service. They strive to accomplish this mission by embracing their core values of compassion, respect, excellence, and service. The community offers various services and amenities, including housekeeping and environmental services, educational and entertainment activities, to help residents lead active and fulfilling lives. Laurel Lake Retirement Community Inc aims to provide a vibrant and engaging environment that allows adults to continue growing and making a difference.


Official website here: www.laurellake.org

Who is the CEO of Laurel Lake Retirement Community Inc?

David Oster is the President & Ceo of Laurel Lake Retirement Community Inc. The CEO's salary of Laurel Lake Retirement Community Inc is $368,034 and their total compensation is $402,998.


Official website here: www.laurellake.org

What is the revenue of Laurel Lake Retirement Community Inc?

Laurel Lake Retirement Community Inc's revenue in 2022 was $25,377,674.


Official website here: www.laurellake.org

Who are the executives of Laurel Lake Retirement Community Inc and what are their salaries?

The average compensation at Laurel Lake Retirement Community Inc during 2022 was $28,968. There are 277 employees and 100 volunteers at Laurel Lake Retirement Community Inc.

Here are 13 key members and their salaries (Laurel Lake Retirement Community Inc's CEO's salary is $368,034 and their total compensation is $402,998):

    David Oster (President & Ceo)
  • Compensation: $368,034
  • Related: $0
  • Other: $34,964

    • Loretta Stevens (Chief Financial Officer)
  • Compensation: $183,225
  • Related: $0
  • Other: $7,040

    • Stephanie Fallcreek (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Bird (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pat Blake (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Young (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Williams (Resident Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Mulligan (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Clinton Simmons (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Goheen (Resident Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Phyllis Dillman (Resident Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dale Leppo (Resident Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harry Albrecht (Resident Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.laurellake.org

    Where can I find the form 990 for Laurel Lake Retirement Community Inc?

    The Laurel Lake Retirement Community Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.laurellake.org

    Learn more at the official website: www.laurellake.org

    Mission Statement of Laurel Lake Retirement Community Inc

    Laurel Lake Retirement Community Inc is dedicated to being the preferred choice for adults seeking a meaningful, purposeful retirement life filled with lifelong opportunities for growth and service. This mission is accomplished by upholding the core values of compassion, respect, excellence, and service.

    Laurel Lake Retirement Community Inc offers its residents an active retirement lifestyle. The community prioritizes their needs by providing essential services such as housekeeping and environmental services. In addition to these offerings, Laurel Lake provides an array of educational and entertainment activities, ensuring that there are ample opportunities for intellectual and social engagement.

    The compassionate team at Laurel Lake Retirement Community Inc respects each resident's individuality, fostering an environment where everyone feels valued and supported. With a commitment to excellence, the community strives to deliver the highest quality of care and services, enhancing the overall lifestyle of its residents. The spirit of service is woven into every aspect of Laurel Lake, enabling residents to give back to their community and make a positive impact in the lives of others.

    Impact

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




    Thursday, August 15, 2024

    Laurel Lake Retirement Community Inc provides a vibrant and fulfilling lifestyle for adults seeking meaning, purpose, and opportunities for personal growth and service. By offering a range of services including housekeeping, environmental services, educational programs, and entertainment activities, Laurel Lake supports residents in leading active and engaged lives in their retirement years. Through its commitment to compassion, respect, excellence, and service, Laurel Lake aims to be the community of choice for individuals looking to enhance their overall well-being and quality of life.





    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: $931,945
  • Program Service Revenue: $23,824,810
  • Gross Receipts: $30,162,180

    • Assets and Liabilities:
  • Total Assets: $91,214,495
  • Total Liabilities: $71,229,667
  • Net Assets: $19,984,828
  • Programs

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

    ANCILLARY SERVICES REVENUE

    Revenue

    $1,698,522

    RESIDENT SERVICES

    Revenue

    $20,343,556

    INCOME FROM ACTIVITIES

    Revenue

    $1,652,704

    PROVIDER RELIEF FUNDS

    Revenue

    $130,028

    Organization Details

    Founding Year

    1989

    Principal Officer

    David Oster

    Main Address

    200 Laurel Lake Drive, Hudson, OH, 44236

    NTEE Category

    Code: A6B - Arts

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