Overview
What is Phswoodbury Inc?
Phswoodbury Inc is a nonprofit organization situated in Roseville, Minnesota, specifically at 2845 N Hamline Ave, 55113. The organization's primary focus is to serve older adults, demonstrating a commitment to honoring God while enriching their lives and touching their hearts. Phswoodbury Inc operates a senior apartment complex consisting of 87 units, alongside 59 assisted living units and 18 memory care units, all located in Woodbury, Minnesota. The mission of this organization is to provide a supportive environment for older adults, aiming to enhance their quality of life and maintain a sense of community.
Official website here: www.preshomes.org
What are the reviews and ratings of this charity?
Charity Navigator rates Phswoodbury Inc at 73%, which corresponds to a Two-Star out of Four Star rating. This score is primarily based on accountability and finance, indicating a need for improvement in some areas. Notably, the majority of board members are not independent, which could raise concerns about governance. However, the organization has successfully implemented strong financial oversight and maintains policies for conflicts of interest and whistleblowing.
While Phswoodbury Inc demonstrates a high program expense ratio of 85%, reflecting a commitment to its mission, the liabilities to assets ratio could benefit from attention as it scored only moderately. Additionally, missing data regarding key personnel salaries suggests a lack of transparency in this area. Overall, while there are strengths in financial management, independence and transparency remain areas for growth.
Not Available
This AI summary has been generated from information found on Charity Navigator.
Is Phswoodbury Inc legitimate?
Phswoodbury Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phswoodbury 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: $2,544,489
For more financial information, click here
Official website here: www.preshomes.org
What is the mission statement of Phswoodbury Inc?
Phswoodbury Inc's mission is centered around honoring God. This organization strives to enrich the lives and touch the hearts of older adults. Their activities are focused on providing a supportive environment, as they operate an assisted living complex and memory care units. Their goal is to positively impact the lives of older adults, demonstrating compassion and respect for their well-being.
Official website here: www.preshomes.org
Who is the CEO of Phswoodbury Inc?
Mark Meyer is the Board Chair/Ceo of Phswoodbury Inc. The CEO's salary of Phswoodbury Inc is $0 and their total compensation is $943,678.
Official website here: www.preshomes.org
What is the revenue of Phswoodbury Inc?
Phswoodbury Inc's revenue in 2022 was $7,649,142.
Official website here: www.preshomes.org
Who are the executives of Phswoodbury Inc and what are their salaries?
There 14 volunteers at Phswoodbury Inc.
Here are 5 key members and their salaries (Phswoodbury 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 Phswoodbury Inc?
Phswoodbury 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 Phswoodbury Inc
Phswoodbury Inc, as a nonprofit organization, is dedicated to honoring God by enriching the lives and touching the hearts of older adults. This mission is at the core of their activities, striving to make a positive impact on this demographic group. The organization accomplishes this mission through various means, including operating an 87-unit senior apartment complex, 59 assisted living units, and 18 memory care units. These living facilities provide a supportive environment for older adults, offering them a place to call home and enjoy their later years with care and assistance when needed. By focusing on the well-being and emotional needs of older adults, Phswoodbury Inc aims to create a sense of community and connection, thereby enriching their lives and leaving a lasting impact on their hearts.
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Impact
October, 2024
Phswoodbury Inc significantly impacts the community by providing essential housing and care services for older adults in Woodbury, Minnesota. With an 87-unit senior apartment complex, 59 assisted living units, and 18 memory care units, it creates a nurturing environment that enhances the quality of life for seniors. By focusing on enriching lives and touching hearts, Phswoodbury Inc fosters a sense of community and belonging among residents, promoting their well-being and dignity. The organization's dedication to honoring God through its mission reinforces a compassionate approach to elder care, ensuring that older adults receive the support and respect they deserve in their later years.
This information is meant to be a general summary of Phswoodbury 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: $1,696
- Program Service Revenue: $7,451,517
- Gross Receipts: $7,653,045
Assets and Liabilities:
- Total Assets: $24,792,023
- Total Liabilities: $15,139,539
- Net Assets: $9,652,484
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$7,451,517
Organization Details
Founding Year
1999
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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