Arcadia Retirement Community Inc

Nonprofit profile at a glance

EIN
311510952
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Long Branch, NJ, USA
Phone
9739194947
Rating confidence
Limited
Sector
Nursing, Convalescent Facilities

Reported finances

Revenue
$0
Expenses
$2,781
Assets
$36,487
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • LAWRENCE SARGENT (PRESIDENT)

People named in this filing

  • LAWRENCE SARGENT (PRESIDENT)
  • CORY WINGERTER (TREASURER)
  • GEORGE MOUTIS (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide the highest quality care for the elderly and infirmed in order to meet their physicial, emotional, social and spiritual needs in an atmosphere of compassion, empathy, and dignity.

What it reported doing in 2024

The organization operated the 126-bed skilled nursing facility located in hamilton square, New Jersey. It began operations in 1997 and provided the highest quality of care for the elderly and infirmed. On august 30, 2019, the facilitys nursing home related assets were sold to hamilton propco llc, and transferred operations to hamilton operator llc. On september 1, 2020, arcadia retirement community inc. Distributed the net proceeds from the sale to greater mercer area healthcare foundation inc. (EIN #84-2292072), a 501(c)(3) tax exempt non profit foundation. Arcadia retirement community, inc. Is in the process of winding down its affairs and will distribute any remaining funds to greater mercer area healthcare foundation inc. And then request dissolution of the entity.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Accountability: 88
  • Sustainability: 36
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 13.12; rating input score 70; 70th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -22.9% per year; rating input score 0; 15th percentile among comparable filings
  • Revenue growth: -11.4% per year; rating input score 0; 30th percentile among comparable filings
  • Asset growth: -15.8% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 0% of spending went to programs
  • Governance: 3 of 3 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 12 of 12 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.