Overview
What is Wayzata Bay Senior Housing Inc?
Wayzata Bay Senior Housing Inc, a nonprofit organization based in Wayzata, Minnesota, offers various housing options for older adults. The organization consists of skilled nursing beds, memory care assisted living, traditional assisted living apartments, independent senior apartments, and 26 all-age apartments. With a mission to enrich the lives of older adults, Wayzata Bay Senior Housing aims to reflect God's love through its services. Specifically, the organization provides enriching experiences for older adults by offering a range of housing solutions. The total number of beds and apartments includes 30 skilled nursing beds, 17 memory care assisted living units, 48 traditional assisted living apartments, 221 independent senior apartments, and 26 all-age apartments.
Official website here: www.preshomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Wayzata Bay Senior Housing Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its operational and financial transparency. The organization scores 66% overall, reflecting a commitment to certain accountability standards, such as having a conflict of interest policy and whistleblower policy. However, the complete absence of independent board members raises concerns about governance practices.
The organization demonstrates strong financial management in some areas, with a high program expense ratio of 87.81%, suggesting that a significant portion of its budget is directed toward its mission. Nonetheless, the liabilities to assets ratio of 88.73% is alarming, indicating potential financial instability. Furthermore, the nonprofit has failed to post its tax form on its website, which detracts from its transparency.
While Wayzata Bay Senior Housing Inc exhibits strengths in particular accountability measures, the lack of independent oversight and financial concerns represent significant challenges that could impact its effectiveness and trustworthiness in the community. Addressing these issues could help improve its rating and overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Wayzata Bay Senior Housing Inc legitimate?
Wayzata Bay Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wayzata Bay Senior Housing 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: $6,195,466
For more financial information, click here
Official website here: www.preshomes.org
What is the mission statement of Wayzata Bay Senior Housing Inc?
Wayzata Bay Senior Housing Inc is dedicated to enriching the lives of older adults through compassionate services and communities. Their mission is grounded in the belief of honoring God in this endeavor. They offer various types of living arrangements to cater to different needs, including assisted living and skilled nursing care. The organization goes beyond providing housing, aiming to touch the hearts of older adults and create an environment that reflects love and care.
Official website here: www.preshomes.org
Who is the CEO of Wayzata Bay Senior Housing Inc?
Daniel Lindh is the Ceo of Wayzata Bay Senior Housing Inc. The CEO's salary of Wayzata Bay Senior Housing Inc is $0 and their total compensation is $943,678.
Official website here: www.preshomes.org
What is the revenue of Wayzata Bay Senior Housing Inc?
Wayzata Bay Senior Housing Inc's revenue in 2022 was $20,877,762.
Official website here: www.preshomes.org
Who are the executives of Wayzata Bay Senior Housing Inc and what are their salaries?
There 26 volunteers at Wayzata Bay Senior Housing Inc.
Here are 6 key members and their salaries (Wayzata Bay Senior Housing 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: $323,989
- Other: $27,414
- Compensation: $0
- Related: $347,973
- Other: $20,328
- Compensation: $0
- Related: $323,848
- Other: $19,541
- Compensation: $139,447
- Related: $0
- Other: $12,094
Official website here: www.preshomes.org
Where can I find the form 990 for Wayzata Bay Senior Housing Inc?
Wayzata Bay Senior Housing 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 Wayzata Bay Senior Housing Inc
Wayzata Bay Senior Housing Inc is a mission-driven organization dedicated to enriching the lives of older adults. This non-profit entity, with a deep commitment to honoring God, strives to create an environment that touches the hearts of seniors. The mission of Wayzata Bay Senior Housing, Inc. is twofold: it aspires to enhance the lives of older adults through service-oriented communities, all while reflecting the love of God.
The organization provides a continuum of care, catering to the varying needs of seniors. This includes 30 skilled nursing beds, 17 memory care specific assisted living apartments, 48 traditional assisted living apartments, and 221 independent senior apartments. In total, Wayzata Bay Senior Housing, Inc. offers a home to 262 seniors, in addition to 26 all age apartments. The diverse range of housing options allows residents to age in place with dignity and comfort, providing them with a sense of security and stability.
Through its services and communities, Wayzata Bay Senior Housing, Inc. fosters an atmosphere of love, compassion, and care for older adults. It goes beyond merely providing shelter; the organization prioritizes the emotional, physical, and spiritual well-being of its residents. By reflecting the love of God in its day-to-day operations, Wayzata Bay Senior Housing, Inc. seeks to create an environment where older adults can thrive and live fulfilling lives.
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Impact
October, 2024
Wayzata Bay Senior Housing Inc significantly enhances the lives of older adults through a comprehensive range of housing and care options designed for various needs. With facilities that include skilled nursing beds, memory care units, and independent living apartments, it caters to a diverse community, ensuring that seniors receive tailored support based on their individual circumstances.
The organization focuses on enriching the well-being of its residents by providing services that foster a sense of community and belonging. This commitment extends beyond basic necessities to include social, emotional, and spiritual support, creating an environment that honors their dignity and individuality. By prioritizing compassionate care and engagement, Wayzata Bay Senior Housing Inc effectively touches the hearts of older adults, promoting not only their physical health but also their overall quality of life.
Located in Roseville, MN, the organization plays a vital role in the local community by addressing the unique challenges of aging, and facilitating meaningful connections among residents, families, and staff. Its comprehensive approach to senior living not only improves daily living for residents but also enriches the broader community by fostering intergenerational relationships and understanding.
This information is meant to be a general summary of Wayzata Bay Senior Housing 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.
- Program Service Revenue: $20,299,448
- Gross Receipts: $22,411,629
Assets and Liabilities:
- Total Assets: $157,420,069
- Total Liabilities: $139,856,099
- Net Assets: $17,563,970
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$20,191,445
OTHER RESIDENT SERVICES
Revenue
$108,003
Organization Details
Founding Year
2007
Phone
(651) 631-6120Principal Officer
Daniel Lindh
Main Address
2845 HAMLINE AVENUE NORTH, ROSEVILLE, MN, 55113
Website
www.preshomes.orgNTEE Category
Code: P75 - Human services
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