Overview
What is Phsbeacon Hill Inc?
Phsbeacon Hill Inc is a nonprofit organization situated in Minnetonka, Minnesota. The organization's campus houses both assisted living apartments for 42 older adults and independent senior apartments for 110 individuals. The mission of Phsbeacon Hill Inc is deeply rooted in honoring God, as their primary goal is to enrich the lives and touch the hearts of older adults. This is achieved through various services and activities that cater to the needs and well-being of the senior community they serve.
Official website here: www.preshomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Phsbeacon Hill Inc has received a Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This score is based entirely on the organization’s accountability practices, which are rated at 81%. The charity demonstrates effective financial oversight with perfect scores in areas such as financial statements audit, conflict of interest policies, and asset management.
The organization showcases commendable financial health, with a program expense ratio of 81.36%, indicating that a significant portion of its budget directly supports its mission. The absence of any material diversion of assets and a solid liabilities-to-assets ratio of 42.14% further underscore its responsible financial management.
While the charity's overall score is positive, the reliance on a single beacon score means that its performance in other areas, such as program impact, is not evaluated in this rating. This could suggest areas for improvement or additional transparency regarding its operational effectiveness beyond financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Phsbeacon Hill Inc legitimate?
Phsbeacon Hill Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phsbeacon Hill 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: $1,378,253
For more financial information, click here
Official website here: www.preshomes.org
What is the mission statement of Phsbeacon Hill Inc?
Phsbeacon Hill Inc's mission is centered around honoring God. This organization aims to enrich the lives and touch the hearts of older adults. By doing so, they strive to make a significant impact on these individuals, extending beyond just meeting their basic needs. The mission of Phsbeacon Hill Inc is a testament to their commitment to making a difference in the lives of older adults, with a focus on enrichment and emotional connection.
Official website here: www.preshomes.org
Who is the CEO of Phsbeacon Hill Inc?
Mark Meyer is the Board Chair/Ceo of Phsbeacon Hill Inc. The CEO's salary of Phsbeacon Hill Inc is $0 and their total compensation is $943,678.
Official website here: www.preshomes.org
What is the revenue of Phsbeacon Hill Inc?
Phsbeacon Hill Inc's revenue in 2022 was $4,424,227.
Official website here: www.preshomes.org
Who are the executives of Phsbeacon Hill Inc and what are their salaries?
There 22 volunteers at Phsbeacon Hill Inc.
Here are 5 key members and their salaries (Phsbeacon Hill 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 Phsbeacon Hill Inc?
Phsbeacon Hill 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 Phsbeacon Hill Inc
Phsbeacon Hill Inc, a nonprofit organization, is committed to honoring God by enriching the lives and touching the hearts of older adults. The mission of this organization is centered around uplifting the elderly, showing them compassion and care. By fulfilling this mission, Phsbeacon Hill Inc aims to make a significant impact on the lives of older adults, bringing joy and fulfillment into their days.
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Impact
October, 2024
Phsbeacon Hill Inc enriches the lives of older adults in the Minnetonka, Minnesota area by providing supportive living environments that promote dignity and respect. With a campus featuring 42 assisted living apartments and 110 independent senior apartments, the organization fosters a sense of community and belonging. Their mission emphasizes honoring God through meaningful interactions and care, ensuring that residents feel valued and connected. By focusing on the emotional and spiritual well-being of seniors, Phsbeacon Hill Inc positively impacts their quality of life, helping them to thrive in their later years.
This information is meant to be a general summary of Phsbeacon Hill 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: -$145,493
- Program Service Revenue: $4,364,674
- Gross Receipts: $4,424,227
Assets and Liabilities:
- Total Assets: $16,924,021
- Total Liabilities: $7,132,577
- Net Assets: $9,791,444
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SENIOR HOUSING
Revenue
$4,364,674
Organization Details
Founding Year
2002
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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