Overview
What is Providence Place Assisted Living Inc?
Providence Place Assisted Living Inc, located in High Point, North Carolina, is a distinguished nonprofit organization dedicated to providing senior living services. Their mission is to cater to the housing and care needs of elderly adults with innovative programs and services, delivered with exceptional value. They prioritize personal and spiritual growth and development within a Christian environment. Their primary offerings include assisted living and memory care services, with a state-of-the-art facility spanning 55,170 square feet. The memory care center specializes in therapeutic care for Alzheimer's and dementia patients, offering both private and semi-private rooms, in addition to on-site physical therapy. During the year ending September 30, 2022, the organization served 92 residents through its assisted living facility. With a workforce of 97 individuals, Providence Place Assisted Living Inc strives to maximize functional abilities and foster a nurturing environment for its residents and program participants.
Official website here: www.providenceplacenc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Providence Place Assisted Living Inc has received an 81% rating from Charity Navigator, indicating a solid level of accountability and financial health. The score is derived entirely from their performance in the Accountability & Finance category, where they excelled in maintaining a majority of independent board members and effectively managing financial oversight. The organization has a strong commitment to transparency, as evidenced by their well-documented conflict of interest and whistleblower policies.
Despite these strengths, the organization has been noted for its liabilities to assets ratio, which stands at 96.63%. This aspect could raise concerns about financial stability, as it suggests a higher level of liabilities compared to assets. However, they maintain a high program expense ratio of 78.48%, indicating that a significant portion of their budget is allocated to direct programming rather than administrative costs.
Overall, while Providence Place Assisted Living Inc demonstrates commendable governance practices and a transparent operational approach, potential donors and stakeholders may want to consider the implications of their financial ratios when assessing the organization’s long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Providence Place Assisted Living Inc legitimate?
Providence Place Assisted Living Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providence Place 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: $71,952
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,858,637
For more financial information, click here
Official website here: www.providenceplacenc.com
What is the mission statement of Providence Place Assisted Living Inc?
Providence Place Assisted Living Inc is committed to serving the housing and care needs of senior adults with innovative programs and services, delivered at an exceptional value. This mission emphasizes personal and spiritual growth and development for its residents. The organization provides housing and senior services through innovative models and state-of-the-art care systems. These systems aim to maximize the functional abilities and spiritual development of the residents, while offering primary services such as assisted living and memory care. The memory care center provides therapeutic care for Alzheimer's/dementia residents, with private and semi-private rooms, and on-site physical therapy. During the year ending September 30, 2022, 92 residents were served by the assisted living facility.
Official website here: www.providenceplacenc.com
Who is the CEO of Providence Place Assisted Living Inc?
Terry Miller is the President/Ceo of Providence Place Assisted Living Inc. The CEO's salary of Providence Place Assisted Living Inc is $0 and their total compensation is $78,907.
Official website here: www.providenceplacenc.com
What is the revenue of Providence Place Assisted Living Inc?
Providence Place Assisted Living Inc's revenue in 2022 was $4,446,679.
Official website here: www.providenceplacenc.com
Who are the executives of Providence Place Assisted Living Inc and what are their salaries?
The average compensation at Providence Place Assisted Living Inc during 2022 was $19,903. There are 97 employees at Providence Place Assisted Living Inc.
Here are 6 key members and their salaries (Providence Place Assisted Living Inc's CEO's salary is $0 and their total compensation is $78,907):
- Compensation: $0
- Related: $77,736
- Other: $1,171
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $12,500
- Other: $0
- Compensation: $0
- Related: $143,418
- Other: $40,499
Official website here: www.providenceplacenc.com
Where can I find the form 990 for Providence Place Assisted Living Inc?
Providence Place Assisted Living Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.providenceplacenc.com
Learn more at the official website: www.providenceplacenc.com
Mission Statement of Providence Place Assisted Living Inc
Providence Place Assisted Living Inc is committed to serving the housing and care needs of senior adults in an innovative and exceptional manner. Their mission is to deliver programs and services that cater to the unique needs of this demographic, promoting personal and spiritual growth at an affordable value. The organization achieves this by employing cutting-edge models and state-of-the-art care systems, which are designed to enhance the functional abilities and spiritual development of its residents and participants.
In a nurturing Christian environment, Providence Place Assisted Living Inc provides primary services such as assisted living and memory care. The assisted living facility, spanning 55,170 square feet, is equipped to serve 92 residents annually. The memory care center within the facility offers therapeutic care specifically tailored for individuals living with Alzheimer's or dementia. The living space features both private and semi-private rooms and incorporates on-site physical therapy services to ensure the well-being of its residents.
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Impact
October, 2024
Providence Place Assisted Living Inc significantly enhances the quality of life for senior adults through a commitment to innovative programs and exceptional care services. By providing a nurturing environment that prioritizes both the physical and spiritual well-being of its residents, it addresses the unique housing and care needs of elderly individuals.
The facility, encompassing 55,170 square feet, offers specialized memory care tailored for residents with Alzheimer's and dementia, ensuring therapeutic support that maximizes their functional abilities. With both private and semi-private room options, residents enjoy a sense of community while receiving individualized attention.
In the year ending September 30, 2022, Providence Place served 92 residents, demonstrating its capacity and dedication to improving the lives of those in its care. On-site physical therapy further complements the holistic approach to senior care, encouraging not only health and recovery but also personal growth and development within a supportive Christian environment.
Overall, Providence Place is instrumental in fostering a compassionate, engaging, and enriching space for seniors, allowing them to thrive amid the challenges of aging.
This information is meant to be a general summary of Providence Place 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: -$54,494
- Program Service Revenue: $4,288,610
- Gross Receipts: $4,510,874
Assets and Liabilities:
- Total Assets: $6,571,220
- Total Liabilities: $6,350,227
- Net Assets: $220,993
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROOM AND BOARD
Revenue
$4,288,610
Organization Details
Founding Year
2010
Phone
(336) 888-4561Principal Officer
Terry Miller
Main Address
1701 WESTCHESTER DRIVE SUITE 400, HIGH POINT, NC, 27262
Website
www.providenceplacenc.comNTEE Category
Code: P75 - Human services
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