Overview
What is Presbyterian Villages Of Michigan Foundation?
The Presbyterian Villages Of Michigan Foundation is a compassionate, faith-based nonprofit organization situated in Southfield, Michigan. Their primary mission is to solicit charitable contributions and skillfully manage these funds, subsequently channeling them to organizations and individuals focused on enhancing the lives of senior adults. The foundation's philanthropic efforts encompass providing financial aid for benevolent care, wellness programs, innovative projects, and senior housing facilities, embracing individuals of all faiths. Their work is instrumental in upholding and furthering the mission of Presbyterian Villages of Michigan, ensuring the well-being and comfort of the elderly population. The foundation's dedicated workforce consists of six individuals.
Official website here: www.pvm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star Rating
Presbyterian Villages of Michigan Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization boasts an impressive score in several categories, including a high percentage of independent board members and a solid financial oversight committee. These factors indicate a robust governance structure and commitment to transparency in operations.
The foundation demonstrates effective financial management, with a significant program expense ratio of 77.20%, ensuring that the majority of its resources are directed toward its mission-driven activities. Its low fundraising efficiency ratio of $0.15 speaks positively about the organization’s ability to keep fundraising costs minimal while maximizing contributions to its programs. Moreover, the liabilities to assets ratio of 1.72% suggests a strong financial position.
However, some limitations have been identified, particularly the absence of key policies such as a conflict of interest and whistleblower policy, which could enhance its governance framework. Additionally, missing documentation guidelines on retention and destruction may pose compliance risks. Despite these areas for improvement, the overall financial health and operational transparency of the organization are commendable.
This AI summary has been generated from information found on Charity Navigator.
Is Presbyterian Villages Of Michigan Foundation legitimate?
Presbyterian Villages Of Michigan Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian Villages Of Michigan Foundation 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: $158,741
Professional Fundraising Fees: $60,000
Other Salaries and Wages: $304,106
For more financial information, click here
Official website here: www.pvm.org
What is the mission statement of Presbyterian Villages Of Michigan Foundation?
The Presbyterian Villages Of Michigan Foundation's mission is to uphold and enhance the mission of Presbyterian Villages of Michigan. This is achieved by offering philanthropic aid for compassionate care, wellness initiatives, innovative projects, and senior living facilities. The foundation's goal is to support senior residents of all faiths, ensuring their needs are met and their quality of life is improved. It accomplishes this by managing donations and providing financial assistance to related organizations and entities focused on senior services.
Official website here: www.pvm.org
Who is the CEO of Presbyterian Villages Of Michigan Foundation?
Paul Miller is the Treasurer Sr Vp, Presbyterian Villages Of Michigan of Presbyterian Villages Of Michigan Foundation.
Official website here: www.pvm.org
What is the revenue of Presbyterian Villages Of Michigan Foundation?
Presbyterian Villages Of Michigan Foundation's revenue in 2022 was $3,326,226.
Official website here: www.pvm.org
Who are the executives of Presbyterian Villages Of Michigan Foundation and what are their salaries?
The average compensation at Presbyterian Villages Of Michigan Foundation during 2022 was $77,141. There are 6 employees and 51 volunteers at Presbyterian Villages Of Michigan Foundation.
Here are 19 key members and their salaries:
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Official website here: www.pvm.org
Where can I find the form 990 for Presbyterian Villages Of Michigan Foundation?
Presbyterian Villages Of Michigan Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pvm.org
Learn more at the official website: www.pvm.org
Mission Statement of Presbyterian Villages Of Michigan Foundation
The Presbyterian Villages of Michigan Foundation is a philanthropic organization dedicated to upholding and enhancing the mission of Presbyterian Villages of Michigan. This mission involves offering financial support for various initiatives. Specifically, the foundation focuses on benevolent care, wellness programs, innovative projects, and the development of residences for senior adults of all faiths. By providing such philanthropic assistance, the Presbyterian Villages of Michigan Foundation aims to sustain and advance the work of related organizations and individuals who are committed to serving the needs of the elderly. This non-profit organization manages donations and contributions to achieve its objectives, ultimately contributing to the betterment of senior adult living and care.
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Impact
August, 2024
Presbyterian Villages Of Michigan Foundation's impact is significant in providing philanthropic support for benevolent care, wellness programs, innovative projects, and residences for seniors. By receiving charitable contributions and managing funds, the foundation ensures that senior adults are cared for and supported in various aspects of their lives. This impact extends beyond just one organization, as the foundation also provides financial assistance to related organizations and others focused on serving seniors. Overall, the foundation plays a crucial role in sustaining and advancing the mission of Presbyterian Villages of Michigan by enhancing the lives of seniors of all faiths.
This information is meant to be a general summary of Presbyterian Villages Of Michigan Foundation. 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: $452,774
- Gross Receipts: $27,393,098
Assets and Liabilities:
- Total Assets: $23,965,452
- Total Liabilities: $200,540
- Net Assets: $23,764,912
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Organization Details
Founding Year
2006
Principal Officer
Paul Miller
Main Address
26200 Lahser Rd Suite 300, Southfield, MI, 48033
Website
www.pvm.orgNTEE Category
Code: P81 - Human services
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