Overview
What is Park Terrace Assisted Living Inc?
Park Terrace Assisted Living Inc, located in Edina, Minnesota, is a nonprofit organization dedicated to serving the elderly. Established with the intention of operating an assisted living and memory care facility in Buffalo, MN, the organization currently has 46 units. Their primary mission is to provide holistic care, encompassing healthcare, housing, and community services, with a focus on fostering a fulfilling life for older adults, reflecting the spirit of Christ's love. As of the provided information, Park Terrace Assisted Living Inc employs 79 individuals, demonstrating their commitment to serving the needs of the elderly community.
Official website here: www.cassialife.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Park Terrace Assisted Living Inc has achieved an 82% score, earning a Three-Star rating on Charity Navigator, which reflects a strong level of accountability and financial health. The organization excels in various governance aspects, with a fully independent board and well-defined financial oversight mechanisms. Their program expense ratio of 85.44% indicates that a significant portion of their spending directly supports their programs.
The nonprofit has implemented robust policies, such as conflict of interest and whistleblower policies, demonstrating a commitment to ethical operations. Additionally, all required documentation, including board meeting minutes, is maintained and accessible, enhancing transparency.
However, the organization faces challenges in its liabilities to assets ratio, scoring only 1 out of 15 points in this area, which may indicate concerns about financial stability. Overall, while Park Terrace Assisted Living Inc is well-managed and primarily focused on its mission, the financial ratio suggests a potential area for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Park Terrace Assisted Living Inc legitimate?
Park Terrace Assisted Living Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Park Terrace Assisted Living 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: $1,368,555
For more financial information, click here
Official website here: www.cassialife.org
What is the mission statement of Park Terrace Assisted Living Inc?
Park Terrace Assisted Living Inc's mission is centered around fostering a rich and fulfilling life for older adults, aligning with the spirit of love taught by Christ. The organization's primary objective is to provide comprehensive healthcare, housing, and community services, ensuring the well-being of elderly individuals. By embracing this mission, Park Terrace Assisted Living Inc strives to enhance the quality of life for its residents, promoting an environment that values their dignity and respects their individual needs.
Official website here: www.cassialife.org
Who is the CEO of Park Terrace Assisted Living Inc?
Robert Dahl is the President/Ceo of Park Terrace Assisted Living Inc. The CEO's salary of Park Terrace Assisted Living Inc is $0 and their total compensation is $689,884.
Official website here: www.cassialife.org
What is the revenue of Park Terrace Assisted Living Inc?
Park Terrace Assisted Living Inc's revenue in 2022 was $3,035,737.
Official website here: www.cassialife.org
Who are the executives of Park Terrace Assisted Living Inc and what are their salaries?
The average compensation at Park Terrace Assisted Living Inc during 2022 was $17,323. There are 79 employees and 15 volunteers at Park Terrace Assisted Living Inc.
Here are 11 key members and their salaries (Park Terrace Assisted Living Inc's CEO's salary is $0 and their total compensation is $689,884):
- Compensation: $0
- Related: $602,456
- Other: $87,428
- Compensation: $0
- Related: $462,088
- Other: $70,621
- Compensation: $0
- Related: $320,482
- Other: $76,596
- Compensation: $0
- Related: $317,298
- Other: $72,793
- Compensation: $0
- Related: $245,326
- Other: $42,846
- Compensation: $0
- Related: $234,321
- Other: $44,974
- 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
Official website here: www.cassialife.org
Where can I find the form 990 for Park Terrace Assisted Living Inc?
Park Terrace Assisted Living Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cassialife.org
Learn more at the official website: www.cassialife.org
Mission Statement of Park Terrace Assisted Living Inc
Park Terrace Assisted Living Inc, a nonprofit organization, is dedicated to providing a fulfilling life for older adults. In line with this mission, the organization strives to offer healthcare, housing, and community services with the spirit of Christ's love. Their ultimate goal is to enhance the quality of life for elderly individuals, providing them with the care and support they need to live comfortably and with dignity.
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Impact
October, 2024
Park Terrace Assisted Living Inc significantly impacts the community by providing essential health care, housing, and supportive services for the elderly. Located in Buffalo, MN, the facility comprises 46 units designed to offer comfort and safety to its residents.
The organization is dedicated to fostering a sense of community and well-being among older adults, ensuring they can enjoy a fulfilling life in a supportive environment. With a focus on assisted living and memory care, Park Terrace plays a crucial role in enhancing the quality of life for its residents, promoting independence while also offering the necessary care for those with specialized needs.
By operating in the spirit of love and compassion, Park Terrace cultivates a nurturing atmosphere that encourages connection among residents and staff, addressing both physical and emotional well-being. This holistic approach contributes significantly to the health and happiness of the elderly population in the area, making it a vital resource for families seeking quality care for their loved ones.
This information is meant to be a general summary of Park Terrace Assisted Living 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: $46,417
- Program Service Revenue: $2,844,015
- Gross Receipts: $3,429,826
Assets and Liabilities:
- Total Assets: $5,602,917
- Total Liabilities: $3,811,721
- Net Assets: $1,791,196
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSISTED LIVING AND MEMORY CARE
Revenue
$2,810,511
RENTAL INCOME
Revenue
$33,504
Organization Details
Founding Year
2005
Phone
(952) 855-5000Principal Officer
Robert Dahl
Main Address
7171 OHMS LANE, EDINA, MN, 55439
Website
www.cassialife.orgNTEE Category
Code: L22 - Housing
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