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Glen Retirement System

EIN 72-0428013 · Shreveport, LA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak36 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE MISSION OF THE GLEN RETIREMENT SYSTEM IS TO ENRICH THE LIVES OF OLDER PEOPLE THROUGH HOUSING, HEALTHCARE AND SERVICES. THIS MISSION IS ACCOMPLISHED BY DEDICATED COMMUNITY VOLUNTEERS AND COMPASSIONATE PROFESSIONALS WITH COMMITMENT, VISION AND LEADERSHIP.

Income
$22.0 million
Spending
$24.0 million
Spent on programs
87%
Reserves
-17.9 months of spending
Largest source of income
fees for its services, 91%
Employees
298
Volunteers
70
Highest pay
$167,814, president & ceo

Source: Form 990 for the year ending April 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 36 out of 100. Higher than 7% of charities in its peer group (human services, $10m to $100m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    2 of 20

    It owes 87% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 9% of income.

  • Income trend

    15 of 15

    Income rose 9% on the year before.

  • Spending floor

    15 of 15

    87% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending April 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 35% of charities in its peer group (human services, $10m to $100m).

  • Independent board

    25 of 25

    11 of 11 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending April 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $12.4 million spent. SKILLED NURSING FACILITY LICENSED FOR 126 BEDS, MEDICARE AND MEDICAID CERTIFIED. DESIGNED WITH 5 HOUSEHOLDS TO PROVIDE A NURTURING ENVIRONMENT. THE COVID-19 PANDEMIC AND RELATED STAFFING SHORTAGE RESULTED IN A NEGATIVE IMPACT ON OCCUPANCY DUE TO THE COVID-19 PANDEMIC AND RELATED STAFFING SHORTAGE AND THE NUMBER OF ACTIVE BEDS WAS REDUCED TO 89 IN FY 2022. DURING THE FY 2024, WE REFURBISHED AND REOPENED 21 BEDS ENDING THE YEAR WITH A TOTAL OF 110 ACTIVE BEDS. WE ARE STILL IN RECOVERY. FOR FISCAL YEAR ENDING 4/30/25, WE MAINTAINED AN AVERAGE OCCUPANCY OF 71% OF THE TOTAL LICENSED BEDS WITH A PAYOR MIX OF 39% PRIVATE PAY, 46% MEDICAID AND 16% MEDICARE PROVIDING 32,837 PATIENT DAYS. (Expenses $ 2,079,439 including grants of $ 0)(Revenue $ 2,841,384) INDEPENDENT LIVING RENTAL UNITS FOR THOSE 62 OR OLDER. CONSTRUCTION COMPLETED IN OCTOBER 2021 FOLLOWING A 5 MONTH DELAY DUE TO IMPACTS FROM COVID-19 PANDEMIC AND WEATHER. STABILIZED OCCUPANCY WAS REACHED DURING FYE 4/30/24. OCCUPANCY FOR FISCAL YEAR 04/30/25 AVERAGED 90%.
  2. $3.7 million spent. INDEPENDENT LIVING / ASSISTED LIVING RENTAL UNITS FOR THOSE 62 OR OLDER TO LIVE COMFORTABLY WITH THE OPTION TO ADD SERVICES AS CARE LEVEL CHANGES. THE COVID-19 PANDEMIC HAD A NEGATIVE IMPACT ON OCCUPANCY. RISING COSTS OF HEALTHCARE WORKERS HAS INCREASED EXPENSES. WE ARE STILL IN RECOVERY. FOR FISCAL YEAR ENDING 4/30/25, WE MAINTAINED 99 APARTMENTS WITH AN AVERAGE OCCUPANCY OF 87% PROVIDING 31,253 DAYS OF SERVICES IN FISCAL YEAR ENDING 4/30/25.
  3. $2.6 million spent. MEMORY CARE ASSISTED LIVING IN TWO SECURED BUILDINGS WITH A HOME LIKE ENVIRONMENT AND ACTIVITIES GEARED FOR THOSE OVER 62 WITH MEMORY LOSS. 30 APARTMENTS WITH AN AVERAGE OCCUPANCY OF 97% PROVIDING 10,567 DAYS OF CARE IN FISCAL YEAR ENDING 04/30/2025. (Expenses $ 2,079,439 including grants of $ 0)(Revenue $ 2,841,384) INDEPENDENT LIVING RENTAL UNITS FOR THOSE 62 OR OLDER. CONSTRUCTION COMPLETED IN OCTOBER 2021 FOLLOWING A 5 MONTH DELAY DUE TO IMPACTS FROM COVID-19 PANDEMIC AND WEATHER. STABILIZED OCCUPANCY WAS REACHED DURING FYE 4/30/24. OCCUPANCY FOR FISCAL YEAR 04/30/25 AVERAGED 90%.
  4. $2.1 million spent. INDEPENDENT LIVING RENTAL UNITS FOR THOSE 62 OR OLDER. CONSTRUCTION COMPLETED IN OCTOBER 2021 FOLLOWING A 5 MONTH DELAY DUE TO IMPACTS FROM COVID-19 PANDEMIC AND WEATHER. STABILIZED OCCUPANCY WAS REACHED DURING FYE 4/30/24. OCCUPANCY FOR FISCAL YEAR 04/30/25 AVERAGED 90%.

Source: Form 990 for the year ending April 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending April 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 1935.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.