Village of Germatown Inc.
Village of Germatown Inc.
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About this organization
Mission
To operate as a continuing care retirement community
About
The Village at Germantown, Inc. (the company) was formed on July 25, 2000 as a not-for-profit corporation under the laws and regulations of the state of Tennessee. The company's purpose is to acquire real property and to develop, market and operate the property as a continuing care retirement community in Shelby County, Tennessee, known as the Village at Germantown, Inc. (the project). The CCRC consists of 230 independent living units (including 202 apartments and 28 patio homes), and a healthcare center consisting of 32 assisted living units, 16 special care dementia units, and 50 skilled nursing beds. Permanent financing of the project occurred in December of 2003 with construction beginning that same month. The project was substantially available for occupancy beginning on October 2005. In fiscal 2018, the Village billed 30,382 healthcare days - 5,268 for dementia, 10,800 for assisted living, and 14,314 for skilled. Of these days, 7,738 were Medicare days and 22,644 private pay days/insurance billable days. Our independent living occupancy was 210 of 230.
Interesting data from their 2020 990 filing
The purpose of the non-profit, as set forth in the filing, is “To provide a quality, stimulating, and safe community that promotes independence and wellness through innovative programs, supportive services, and an exceptional staff. we respect and value the dignity of each person through our affiliation with methodist healthcare. we serve the community as a resource for senior wellness programs and information.”.
When discussing its purpose, they were characterized as: “To operate as a continuing care retirement community”.
- The state in which the non-profit is legally authorized to operate is TN, as reported.
- The filing confirms that the non-profit's address in 2020 was 7820 WALKING HORSE CIRCLE, GERMANTOWN, TN, 38138.
- The form of the non-profit reports 352 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$2,058,877.
- The organization has 6 independent voting members.
- The organization was formed in 2000.
- The organization pays $10,493,838 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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