Overview
What is Park Of The Palms Inc?
Park of the Palms Inc, located at 204 Maranatha Road, Keystone Heights, Florida 32656, is a nonprofit organization dedicated to catering to the needs of mature adults. Their primary mission is to offer a nurturing environment that stimulates the spiritual, physical, and emotional well-being of these individuals, helping them find fulfillment in their later years. By serving as a sanctuary for this population, Park of the Palms Inc also acts as a beacon of spiritual guidance for its residents and the surrounding community. With a team of 87 employees, they work tirelessly to ensure the success of their mission.
Official website here: www.parkofthepalms.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
Park Of The Palms Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization achieved a perfect score in several key areas, indicating a well-managed charity that adheres to high standards of transparency. Its dedication to maintaining an independent board and robust financial oversight is particularly noteworthy.
The charity's financial health is robust, with a program expense ratio of 86.13%, suggesting that a significant portion of its funds is directed toward its programs rather than administrative costs. Additionally, there is no reported diversion of assets, and the organization's liabilities to assets ratio stands at a healthy 25.04%, further underscoring its sound financial practices.
While there are no significant limitations reported in the data, the reliance on a single beacon score may suggest a need for a broader evaluation of other operational aspects beyond financial metrics. Overall, Park Of The Palms Inc demonstrates a strong commitment to accountability, making it a trustworthy option for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Park Of The Palms Inc legitimate?
Park Of The Palms Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Park Of The Palms 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: $1,054,337
For more financial information, click here
Official website here: www.parkofthepalms.org
What is the mission statement of Park Of The Palms Inc?
Park of the Palms Inc's mission is centered around serving as a sanctuary for an aging population, catering to their physical and spiritual needs. The organization strives to create a community that provides care for adults in their mature years, stimulating them to find fulfillment spiritually, physically, and emotionally. The primary goal is to offer an environment where these individuals can continue engaging in activities that bring them joy and satisfaction in their later years.
Official website here: www.parkofthepalms.org
Who is the CEO of Park Of The Palms Inc?
Catherine Milligan is the President of Park Of The Palms Inc.
Official website here: www.parkofthepalms.org
What is the revenue of Park Of The Palms Inc?
Park Of The Palms Inc's revenue in 2022 was $2,279,698.
Official website here: www.parkofthepalms.org
Who are the executives of Park Of The Palms Inc and what are their salaries?
The average compensation at Park Of The Palms Inc during 2022 was $12,119. There are 87 employees at Park Of The Palms Inc.
Here are 8 key members and their salaries:
- Compensation: $65,000
- Related: $0
- Other: $0
- Compensation: $55,500
- 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
Official website here: www.parkofthepalms.org
Where can I find the form 990 for Park Of The Palms Inc?
Park Of The Palms Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.parkofthepalms.org
Learn more at the official website: www.parkofthepalms.org
Mission Statement of Park Of The Palms Inc
Park of the Palms Inc, as a mission-driven organization, is devoted to serving as a sanctuary that caters to the physical and spiritual needs of an aging population. Their primary objective is to establish a community of care for adults in their fully matured state, stimulating them to find fulfillment in their later years. This community encourages participation in activities that nurture their spiritual, physical, and emotional well-being, thereby offering a meaningful experience in their advanced years.
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Impact
October, 2024
Park of the Palms, Inc. significantly impacts the community by creating a nurturing environment for aging adults. It serves as a sanctuary where residents' physical and spiritual needs are met, providing a sense of belonging and purpose. The organization fosters a community of care, allowing individuals to engage in activities that stimulate their spiritual, physical, and emotional well-being. This focus on fulfillment enables residents to thrive in their later years, enhancing their quality of life and providing a source of spiritual support not only for the residents but also for the surrounding community in Keystone Heights, Florida. Through its commitment to serving the aging population, Park of the Palms continues to be a beacon of hope and connection, enriching lives and promoting a vibrant, engaged lifestyle.
This information is meant to be a general summary of Park Of The Palms 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: $3,133
- Program Service Revenue: $2,240,244
- Gross Receipts: $2,279,698
Assets and Liabilities:
- Total Assets: $3,985,170
- Total Liabilities: $998,250
- Net Assets: $2,986,920
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSISTED LIVING FACILITY
Revenue
$1,325,861
RENTAL FEES PROGRAM
Revenue
$793,584
MONTHLY MAINTENANCE
Revenue
$56,877
EARNED ENTRANCE FEES
Revenue
$63,922
Organization Details
Founding Year
1974
Phone
(352) 473-6100Principal Officer
Catherine Milligan
Main Address
204 MARANATHA ROAD, KEYSTONE HEIGHTS, FL, 32656
Website
www.parkofthepalms.orgNTEE Category
Code: L22 - Housing
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