Overview
What is Presbyterian Homes Mill Pond Inc?
Presbyterian Homes Mill Pond Inc, located in Roseville, Minnesota, is a nonprofit organization dedicated to enhancing the lives of older adults. They run a skilled nursing facility with 60 beds, an assisted living facility with 40 beds, and 18 memory care units in Ankeny, Iowa. Additionally, they provide 116 independent senior housing apartments. Their mission, which reflects their commitment to honoring God, is to enrich the lives and touch the hearts of older adults. The organization offers various care options tailored to the unique needs of seniors, providing a nurturing and supportive environment.
Official website here: www.preshomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Presbyterian Homes Mill Pond Inc received a two-star rating from Charity Navigator with an overall score of 66%. The organization demonstrates some strengths in its financial accountability, such as a high program expense ratio of 87.71% and effective governance policies, including a conflict of interest policy and a whistleblower policy. However, the lack of independent board members significantly affects its accountability score.
While the nonprofit shows compliance in various governance practices, the absence of independent board participation raises concerns about its oversight and decision-making processes. Additionally, the organization has a concerning liabilities-to-assets ratio of 92.89%, which may imply financial instability.
Overall, while Presbyterian Homes Mill Pond Inc maintains certain positive attributes in its operations, the need for improvement in governance structure and financial health is evident, highlighting areas for potential growth and increased transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Presbyterian Homes Mill Pond Inc legitimate?
Presbyterian Homes Mill Pond Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian Homes Mill Pond 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: $5,313,815
For more financial information, click here
Official website here: www.preshomes.org
What is the mission statement of Presbyterian Homes Mill Pond Inc?
Presbyterian Homes Mill Pond Inc is committed to enriching the lives and touching the hearts of older adults, honoring God in the process. The organization operates various facilities to cater to the needs of older adults, offering skilled nursing care, assisted living, and independent senior housing. Through these services, Presbyterian Homes Mill Pond Inc aims to create an environment that nurtures the well-being of older adults, providing them with the care and support they need to live fulfilled lives. The mission of the organization goes beyond mere caregiving; it is about making a meaningful difference in the lives of older adults, fostering an uplifting community where they can thrive.
Official website here: www.preshomes.org
Who is the CEO of Presbyterian Homes Mill Pond Inc?
Mark Meyer is the Board Chair/Ceo of Presbyterian Homes Mill Pond Inc. The CEO's salary of Presbyterian Homes Mill Pond Inc is $0 and their total compensation is $943,678.
Official website here: www.preshomes.org
What is the revenue of Presbyterian Homes Mill Pond Inc?
Presbyterian Homes Mill Pond Inc's revenue in 2022 was $13,067,383.
Official website here: www.preshomes.org
Who are the executives of Presbyterian Homes Mill Pond Inc and what are their salaries?
There 47 volunteers at Presbyterian Homes Mill Pond Inc.
Here are 5 key members and their salaries (Presbyterian Homes Mill Pond 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 Presbyterian Homes Mill Pond Inc?
Presbyterian Homes Mill Pond 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 Presbyterian Homes Mill Pond Inc
Presbyterian Homes Mill Pond Inc is a mission-driven organization dedicated to enriching the lives and touching the hearts of older adults. With a strong commitment to honoring God, this nonprofit prioritizes the well-being of its residents.
Presbyterian Homes Mill Pond Inc operates several facilities designed to cater to the unique needs of older adults. One of its offerings is a 60-bed skilled nursing facility, where healthcare professionals provide specialized care to those with complex medical conditions. Additionally, the organization runs a 40-bed assisted living facility, which offers support for seniors who need assistance with daily living activities. Furthermore, Presbyterian Homes Mill Pond Inc manages an 116-unit independent senior housing apartment building.
The organization's approach goes beyond just providing housing and healthcare. Presbyterian Homes Mill Pond Inc aims to create an engaging and nurturing environment that fosters the overall well-being of its residents. By honoring God and placing the older adults at the heart of their mission, this nonprofit strives to make a positive impact on the lives of those they serve.
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Impact
October, 2024
Presbyterian Homes Mill Pond Inc has a significant impact on the community by enhancing the quality of life for older adults through a comprehensive range of care options. Operating a skilled nursing facility, assisted living spaces, memory care specific housing, and independent senior apartments, it addresses the diverse needs of seniors in Ankeny, Iowa.
The organization is dedicated to honoring God while enriching lives, focusing on both the physical and emotional well-being of its residents. This holistic approach fosters a supportive environment that not only promotes health and safety but also nurtures the heart and spirit of its residents. By providing specialized care and a sense of community, Presbyterian Homes Mill Pond Inc plays a vital role in ensuring that older adults feel valued, supported, and connected, ultimately enhancing their overall quality of life.
This information is meant to be a general summary of Presbyterian Homes Mill Pond 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: -$49,550
- Program Service Revenue: $12,286,191
- Gross Receipts: $13,070,793
Assets and Liabilities:
- Total Assets: $38,413,450
- Total Liabilities: $35,683,357
- Net Assets: $2,730,093
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING BOARD & CARE
Revenue
$12,286,191
Organization Details
Founding Year
1997
Phone
(651) 631-6162Principal Officer
Mark Meyer
Main Address
2845 HAMLINE AVENUE NORTH, ROSEVILLE, MN, 55113
Website
www.preshomes.orgNTEE Category
Code: E91Z - Health
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