Overview
What is Senior Living Of Bedford?
Senior Living of Bedford, operating under the name Bowman Place at Olde Bedford, is a nonprofit senior living community situated in Bedford, New Hampshire. Initially facing challenges due to the ongoing COVID-19 crisis, the organization aimed to reach a break-even and stabilization target of 86 units. Despite initial difficulties, the community managed to improve its census, control expenses, and enhance various aspects of its operations, ultimately ending FY 2023 with a census of 106 units and a cash reserve of $1.2M. The nonprofit's mission is centered around delivering exceptional healthcare and financial security to the elderly, with a focus on maintaining a supportive and nurturing environment for its residents. The organization's workforce consists of 134 dedicated individuals, and it is committed to addressing challenges such as staffing, expenses, resident medical records, and staff morale. Responding to these challenges, Senior Living of Bedford has undertaken several initiatives, such as restructuring its sales and marketing department, hiring new staff, purchasing a new computer program, and focusing on cost control and maintenance. The organization also engages in regular communication with its Board of Trustees to ensure their awareness and support throughout the improvement process.
Official website here: www.bowmanplace.org
Is Senior Living Of Bedford legitimate?
Senior Living Of Bedford is a legitimate nonprofit organization registered as a 501(c)(3) entity. Senior Living Of Bedford 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: $76,154
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,133,279
For more financial information, click here
Official website here: www.bowmanplace.org
What is the mission statement of Senior Living Of Bedford?
Senior Living of Bedford is committed to providing exceptional quality healthcare and addressing the financial security needs of elderly individuals. Their mission is centered around stabilizing operations, with a goal of achieving a census of over 100 units. Throughout the year, they focused on controlling expenses, resolving staffing and labor issues, improving resident care, and enhancing medical recordkeeping. With the hiring of a new Executive Director, Senior Living of Bedford successfully improved census, controlled expenses, addressed staffing concerns, and improved resident communication. By the end of the fiscal year, they had achieved a census of 106 units and a cash reserve of $1.2 million.
Official website here: www.bowmanplace.org
Who is the CEO of Senior Living Of Bedford?
Paul Harrington is the Chair of Senior Living Of Bedford.
Official website here: www.bowmanplace.org
What is the revenue of Senior Living Of Bedford?
Senior Living Of Bedford's revenue in 2023 was $8,581,635.
Official website here: www.bowmanplace.org
Who are the executives of Senior Living Of Bedford and what are their salaries?
The average compensation at Senior Living Of Bedford during 2023 was $23,951. There are 134 employees and 27 volunteers at Senior Living Of Bedford.
Here are 9 key members and their salaries:
- Alicia Nordin (Executive Director)
- Paul Harrington (Chair) [Trustee/Director]
- Chet Bowen (Vice Chair) [Trustee/Director]
- Linda Jacobson (Treasurer) [Trustee/Director]
- Paul Delguidice (Secretary) [Trustee/Director]
- Alan Yeaton (Trustee)
- Marc Jobin (Trustee)
- Robert Mccarthy (Trustee)
- Deb Reichheld (Past Trustee)
Official website here: www.bowmanplace.org
Where can I find the form 990 for Senior Living Of Bedford?
The Senior Living Of Bedford’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.bowmanplace.org
Learn more at the official website: www.bowmanplace.org
Mission Statement of Senior Living Of Bedford
Senior Living of Bedford, as a senior living community, is committed to delivering exceptional quality healthcare and addressing the financial security needs of elderly individuals. The organization's mission is centered around providing a secure and nurturing environment for seniors, ensuring their health and well-being are prioritized. This nonprofit organization strives to strike a balance between delivering top-notch healthcare services and addressing the financial concerns that often come with aging.
Throughout its operations, Senior Living of Bedford demonstrates a dedication to the overall well-being of its residents. The community began its 2023 fiscal year amidst the ongoing challenges posed by the COVID-19 healthcare crisis. Despite these difficulties, the organization's leadership and team worked tirelessly to improve various aspects of their operations, including sales and marketing, staffing, and resident care. These efforts led to a steady increase in census, better control of expenses, and improved staff morale. As a result, Senior Living of Bedford concluded the fiscal year with a higher census count and a robust cash reserve, demonstrating its commitment to providing a secure and sustainable living environment for its elderly residents.
Impact
This information is meant to be a general summary of Senior Living Of Bedford. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Senior Living of Bedford has made a significant impact by improving its operations and financial stability over the course of FY 2023. Despite starting the year with challenges including low census numbers and depleted trust funds, the organization implemented a series of strategic actions under new leadership to address these issues. Through efforts such as restructuring the sales and marketing department, hiring key personnel, implementing cost control measures, and enhancing resident and family communication, Senior Living of Bedford successfully increased its census to 106 units by the end of the fiscal year, surpassing the target of 109 units. This turnaround not only improved the organization's cash flow but also boosted staff morale, enhanced resident care, and strengthened overall operations. Senior Living of Bedford's dedication to quality healthcare and financial security for aging individuals has been exemplified through this transformation, showcasing its commitment to providing exceptional senior living services in the community.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Net Resident Service R
Revenue
$8,050,472
Community Fee Revenue
Revenue
$291,979
Professional Services
Revenue
$196,233
Organization Details
Founding Year
2018
Phone
(603) 714-7003
Principal Officer
Paul Harrington
Main Address
24 Old Bedford Road, Bedford, NH, 03110
Website
www.bowmanplace.org
NTEE Category
Code: P75 - Human services
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