Overview
What is Phs Founders Ridge Inc?
Phs Founders Ridge Inc is a nonprofit organization situated in Bloomington, Minnesota. The establishment houses a variety of living options, including 127 independent apartments, 40 independent brownstone apartments, 33 assisted living apartments, and 19 memory care assisted living units. The mission of this organization is deeply rooted in its dedication to honoring God by enriching the lives and touching the hearts of older adults. This commitment extends beyond providing shelter, as the organization seeks to enhance the overall well-being of its residents.
Official website here: www.preshomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Phs Founders Ridge Inc received a two-star rating from Charity Navigator, indicating that it has significant areas needing improvement despite some strengths in accountability and finance. The organization scored 66% overall, with a notable program expense ratio of 85.06%, reflecting a strong commitment to its programs. However, the lack of independent board members raises concerns about governance and oversight.
The organization's financial health is questionable, as indicated by a liabilities to assets ratio of 100.73%, suggesting that its liabilities exceed its assets. While it has established strong policies for conflict of interest, whistleblower protections, and document retention, the absence of independent board members and the missing tax form on its website reflect deficiencies in transparency and accountability.
In summary, while Phs Founders Ridge Inc demonstrates effective program expenditure and solid operational policies, its governance structure and financial stability present challenges that potential donors and stakeholders should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Phs Founders Ridge Inc legitimate?
Phs Founders Ridge Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phs Founders Ridge 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: $2,837,348
For more financial information, click here
Official website here: www.preshomes.org
What is the mission statement of Phs Founders Ridge Inc?
Phs Founders Ridge Inc's mission is centered around honoring God. The organization strives to enrich the lives and touch the hearts of older adults, demonstrating a deep commitment to this demographic. By fulfilling this mission, the organization seeks to make a significant impact in the lives of these individuals. The specific activities and methods through which this mission is carried out are not provided in the information.
Official website here: www.preshomes.org
Who is the CEO of Phs Founders Ridge Inc?
Mark Meyer is the Board Chair/Ceo of Phs Founders Ridge Inc. The CEO's salary of Phs Founders Ridge Inc is $0 and their total compensation is $943,678.
Official website here: www.preshomes.org
What is the revenue of Phs Founders Ridge Inc?
Phs Founders Ridge Inc's revenue in 2022 was $9,717,356.
Official website here: www.preshomes.org
Who are the executives of Phs Founders Ridge Inc and what are their salaries?
There 2 volunteers at Phs Founders Ridge Inc.
Here are 5 key members and their salaries (Phs Founders Ridge Inc's CEO's salary is $0 and their total compensation is $943,678):
- Compensation: $0
- Related: $919,741
- Other: $23,937
- Compensation: $0
- Related: $445,702
- Other: $27,414
- Compensation: $0
- Related: $347,973
- Other: $20,328
- Compensation: $0
- Related: $323,989
- Other: $27,414
- Compensation: $0
- Related: $323,848
- Other: $19,541
Official website here: www.preshomes.org
Where can I find the form 990 for Phs Founders Ridge Inc?
Phs Founders Ridge Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.preshomes.org
Learn more at the official website: www.preshomes.org
Mission Statement of Phs Founders Ridge Inc
Phs Founders Ridge Inc, a reputable organization, is committed to honoring God by enhancing the lives and connecting with the hearts of older adults. The mission of this nonprofit is deeply rooted in enriching the well-being and emotional experiences of its senior population. By focusing on this mission, Phs Founders Ridge Inc aims to make a significant impact in the lives of those in its care. The organization provides a variety of living options, including independent apartments, brownstone apartments, assisted living apartments, and specialized memory care apartments. These diverse living arrangements cater to the unique needs of older adults, allowing them to live comfortably and with the support they require. By honoring God and enriching the lives of older adults, Phs Founders Ridge Inc strives to touch their hearts and create a nurturing environment for its senior population.
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Impact
October, 2024
Phs Founders Ridge Inc significantly enriches the lives of older adults in Minnesota by providing a supportive and nurturing environment. Located in Bloomington, the facility offers a range of housing options, including 127 independent apartments, 40 independent brownstone apartments, 33 assisted living apartments, and 19 specialized memory care units. This diverse housing arrangement caters to the varying needs of seniors, ensuring they have access to the appropriate level of care and support.
The organization's mission emphasizes honoring God while enhancing the well-being of its residents, which fosters a compassionate community focused on the emotional and spiritual needs of older adults. By prioritizing enrichment and connection, Phs Founders Ridge Inc positively impacts the lives of its residents, their families, and the broader Roseville community, promoting a sense of dignity, respect, and belonging among its aging population.
This information is meant to be a general summary of Phs Founders Ridge 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: $1,158
- Program Service Revenue: $9,393,299
- Gross Receipts: $9,717,909
Assets and Liabilities:
- Total Assets: $48,968,493
- Total Liabilities: $49,327,057
- Net Assets: -$358,564
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$9,393,299
Organization Details
Founding Year
2007
Phone
(651) 631-6162Principal Officer
Mark Meyer
Main Address
2845 N HAMLINE AVE, ROSEVILLE, MN, 55113
Website
www.preshomes.orgNTEE Category
Code: L22 - Housing
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