Overview
What is Parvee Foundation?
The Parvee Foundation is a charitable organization situated in Doylestown, Pennsylvania, specifically at 770 Ferry Road. Their primary mission is to provide financial assistance to residents of Pine Run Retirement Community who can no longer afford their monthly fees. By offering these benefits, the Parvee Foundation aims to ensure senior citizens can continue living in their community, maintaining a stable and comfortable living situation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The Parvee Foundation has achieved a Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This rating is primarily based on their impressive accountability score of 87%, which indicates responsible financial management and transparency in operations. The foundation benefits from a fully independent board, which enhances its credibility and governance.
One of the key strengths of the Parvee Foundation is its high program expense ratio of 88.50%, demonstrating a significant portion of its budget is allocated directly to its mission-based programs. Additionally, the foundation has no reported liabilities, which indicates a solid financial standing and effective asset management. The presence of clear policies regarding conflicts of interest and document retention further underscores its commitment to ethical practices.
While the overall rating is positive, it is important for potential donors to consider that the score is derived from just one beacon category, which may limit a comprehensive understanding of the organization's impact. Nevertheless, the foundation’s commitment to accountability and its efficient use of funds are notable strengths that contribute to its reputation as a reliable nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Parvee Foundation legitimate?
Parvee Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parvee 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Parvee Foundation?
The Parvee Foundation's mission is centered around providing monthly financial assistance to residents of the Pine Run Retirement Community. These residents, due to financial constraints, are unable to meet their monthly residential fee obligations. The foundation's objective is to alleviate this financial burden, enabling these individuals to continue residing in the community. This support allows them to maintain a stable living situation, ensuring their well-being and quality of life. The foundation's role is essential in ensuring that financial difficulties do not force these senior residents to leave their community.
What is the revenue of Parvee Foundation?
Parvee Foundation's revenue in 2023 was $145,841.
Who are the executives of Parvee Foundation and what are their salaries?
There 7 volunteers at Parvee Foundation.
Here are 7 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Parvee Foundation?
Parvee Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Parvee Foundation
The Parvee Foundation, a not-for-profit organization, is committed to providing essential support to residents of the Pine Run Retirement Community. In a compassionate endeavor, the foundation offers monthly benefits to elderly individuals who have fallen into financial hardship and are unable to sustain their monthly residence fees. This mission is crucial in ensuring the well-being and continued residence of these residents within the community, offering them a sense of security and continuity in their later years.
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Impact
October, 2024
Parvee Foundation significantly enriches the lives of residents at Pine Run Retirement Community by offering crucial monthly support to those facing financial difficulties. This assistance ensures that individuals who can no longer afford the monthly resident fee maintain their dignity and quality of life within a nurturing environment. By alleviating financial burdens, the foundation fosters a sense of community and belonging, enabling residents to continue enjoying the services and social connections that are vital in their later years. Its mission impacts not only the individuals directly receiving support but also enhances the overall atmosphere of care and compassion within the retirement community in Doylestown, PA.
This information is meant to be a general summary of Parvee 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 2023.
- Investment Income: $34,581
- Gross Receipts: $593,398
Assets and Liabilities:
- Total Assets: $1,340,625
- Total Liabilities: $0
- Net Assets: $1,340,625
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Organization Details
Founding Year
1979
Principal Officer
William J Neumann
NTEE Category
Code: P60 - Human services
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