Overview
What is Presbyterian Homes Foundation Inc?
Presbyterian Homes Foundation Inc is a charitable organization situated in New Hartford, New York. Its primary role involves raising funds to support related organizations, namely Presbyterian Home for Central New York, Inc., Presbyterian Residential Community, Inc., and Katherine Luther Residential Health Care and Rehabilitation Center. In 2022, the foundation distributed funds totaling $19,990 to these organizations to finance their respective programs designed to aid the elderly in the Central New York region. The foundation also sponsors programs in the field of aging and supports qualified 501(c)(3) organizations by granting them funds for elderly-focused programs.
Official website here: www.presbyterianhome.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
Presbyterian Homes Foundation Inc has achieved an impressive score of 97%, indicating strong performance in accountability and finance. The organization boasts a fully independent board, with all ten members meeting independence standards. This commitment to governance is reflected in their policies, including a comprehensive conflict of interest policy and clear whistleblower protections, which contribute to the organization's overall integrity.
Financially, the foundation demonstrates a solid management of its assets, with a liabilities to assets ratio of only 0.21%, suggesting a stable financial position. Furthermore, a significant portion of its budget, 81.43%, is allocated directly to program expenses, signaling a dedication to fulfilling its mission rather than excessive administrative costs.
While the organization shows no material diversion of assets, it maintains transparency through available board meeting minutes and a clearly listed website on its tax form. Overall, Presbyterian Homes Foundation Inc stands out for its strong governance, financial health, and commitment to its charitable objectives, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Presbyterian Homes Foundation Inc legitimate?
Presbyterian Homes Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian Homes Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.presbyterianhome.com
What is the mission statement of Presbyterian Homes Foundation Inc?
The Presbyterian Homes Foundation Inc supports programs in the field of aging by granting funds to qualified 501(C)(3) organizations. Their mission is to aid the elderly in the Central New York region by sponsoring these organizations' initiatives. The foundation raises funds, a portion of which is then distributed to Presbyterian Home for Central New York, Inc., Presbyterian Residential Community, Inc., and Katherine Luther Residential Health Care and Rehabilitation Center. These grants are utilized to enhance the respective programs designed to assist the elderly in their community. In 2022, the foundation transferred funds totalling $4,283, $15,000, and $10,707 to these organizations.
Official website here: www.presbyterianhome.com
Who is the CEO of Presbyterian Homes Foundation Inc?
Jeremy Rutter is the Ceo of Presbyterian Homes Foundation Inc. The CEO's salary of Presbyterian Homes Foundation Inc is $0 and their total compensation is $125,779.
Official website here: www.presbyterianhome.com
What is the revenue of Presbyterian Homes Foundation Inc?
Presbyterian Homes Foundation Inc's revenue in 2022 was $166,465.
Official website here: www.presbyterianhome.com
Who are the executives of Presbyterian Homes Foundation Inc and what are their salaries?
Here are 14 key members and their salaries (Presbyterian Homes Foundation Inc's CEO's salary is $0 and their total compensation is $125,779):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $119,750
- Other: $11,864
- Compensation: $0
- Related: $241,126
- Other: $10,075
- Compensation: $0
- Related: $35,925
- Other: $1,432
- Compensation: $0
- Related: $115,647
- Other: $11,825
- Compensation: $0
- Related: $139,237
- Other: $2,802
- Compensation: $0
- Related: $127,678
- Other: $2,627
- Compensation: $0
- Related: $125,100
- Other: $679
Official website here: www.presbyterianhome.com
Where can I find the form 990 for Presbyterian Homes Foundation Inc?
Presbyterian Homes Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.presbyterianhome.com
Learn more at the official website: www.presbyterianhome.com
Mission Statement of Presbyterian Homes Foundation Inc
Presbyterian Homes Foundation Inc is an organization that dedicates its resources to sponsoring programs in the field of aging. Its mission is to aid the elderly population in the Central New York region by granting funds to qualified 501(c)(3) organizations. These organizations then utilize these funds to develop and implement programs designed to support the elderly. By doing so, Presbyterian Homes Foundation Inc contributes significantly to the well-being and care of the elderly in its region.
In practice, Presbyterian Homes Foundation Inc supports several related organizations, such as Presbyterian Home for Central New York, Inc., Presbyterian Residential Community, Inc., and Katherine Luther Residential Health Care and Rehabilitation Center. In 2022, the foundation transferred funds totaling $4,283, $15,000, and $10,707 to these organizations, respectively. These funds were intended to support the development of their respective programs, thereby demonstrating Presbyterian Homes Foundation Inc's commitment to enhancing the lives of the elderly in its region.
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Impact
October, 2024
Presbyterian Homes Foundation Inc significantly impacts the aging population in the Central New York region by sponsoring programs that provide essential support and services for the elderly. The foundation generates funds to back key organizations, including Presbyterian Home for Central New York, Presbyterian Residential Community, and Katherine Luther Residential Health Care and Rehabilitation Center.
In 2022 alone, the foundation allocated over $30,000 to these organizations, enabling the development of vital programs designed to enhance the quality of life for seniors. This financial support helps ensure that these entities can continue to offer high-quality care, rehabilitation, and community services, fostering a better living environment for elderly individuals. By focusing on the needs of the aging community, Presbyterian Homes Foundation Inc plays a crucial role in improving their well-being and overall life satisfaction.
This information is meant to be a general summary of Presbyterian Homes Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
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 2022.
- Investment Income: $34,650
- Gross Receipts: $390,177
Assets and Liabilities:
- Total Assets: $2,469,518
- Total Liabilities: $5,200
- Net Assets: $2,464,318
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Organization Details
Founding Year
1985
Phone
(315) 797-7500Principal Officer
Jeremy Rutter
Main Address
PO BOX 1144 MIDDLE SETTLEMENT ROAD, NEW HARTFORD, NY, 13413
Website
www.presbyterianhome.comNTEE Category
Code: P75 - Human services
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