Overview
What is Phsshoreview Inc?
Phsshoreview Inc, a nonprofit organization situated in Roseville, Minnesota, operates a 72-unit independent senior apartment building. This organization is devoted to enriching the lives and touching the hearts of older adults, as per its mission statement. The goal is to honor God through their work, which involves providing a comfortable living environment for senior citizens. The organization's specific location in North Shoreview, Minnesota, and its focus on senior housing are highlighted in the provided information.
Official website here: www.preshomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Star Rating)
Phsshoreview Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization has a score of 66% in both overall rating and accountability & finance, which suggests that while there are some positive aspects, significant improvements are needed in certain areas.
One of the strengths noted is the organization’s high program expense ratio of 81.14%, indicating that a large portion of its expenditures is directed towards its programs. Additionally, they have demonstrated strong practices regarding conflict of interest, whistleblower, and document retention policies, all of which received full points. However, a major concern is the complete lack of independent board members, which raises questions about governance and oversight.
On the downside, Phsshoreview Inc has a concerning liabilities to assets ratio of 102.18%, indicating that it may have more liabilities than assets, which can pose financial risks. Furthermore, the absence of the tax form on its website is a significant oversight, as transparency is key for donor trust and accountability. Overall, while the organization shows commitment to programmatic spending and adherence to certain policies, it faces challenges in governance and financial stability that need to be addressed for improved performance.
This AI summary has been generated from information found on Charity Navigator.
Is Phsshoreview Inc legitimate?
Phsshoreview Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phsshoreview 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: $151,804
For more financial information, click here
Official website here: www.preshomes.org
What is the mission statement of Phsshoreview Inc?
Phsshoreview Inc's mission is centered around honoring God. The primary objective of this organization is to enrich the lives and touch the hearts of older adults. This mission is a testament to their commitment to making a positive impact in the lives of this demographic. Although the specific methods or programs they use to accomplish this are not provided, it is clear that their purpose is to bring joy and enrichment to older adults.
Official website here: www.preshomes.org
Who is the CEO of Phsshoreview Inc?
Mark Meyer is the Board Chair/Ceo of Phsshoreview Inc. The CEO's salary of Phsshoreview Inc is $0 and their total compensation is $943,678.
Official website here: www.preshomes.org
What is the revenue of Phsshoreview Inc?
Phsshoreview Inc's revenue in 2022 was $1,528,651.
Official website here: www.preshomes.org
Who are the executives of Phsshoreview Inc and what are their salaries?
Here are 5 key members and their salaries (Phsshoreview 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 Phsshoreview Inc?
Phsshoreview 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 Phsshoreview Inc
Phsshoreview Inc, a nonprofit organization, is dedicated to honoring God by enriching the lives and touching the hearts of older adults. The mission of this organization is to make a positive impact on the elderly population, showing compassion and care in every aspect of its operations. By focusing on the well-being and emotional needs of older adults, Phsshoreview Inc aims to create an environment where they can thrive and feel valued.
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Impact
October, 2024
Phsshoreview Inc has a significant impact on the community by providing a supportive and enriching environment for older adults. Located in Roseville, Minnesota, the organization operates a 72-unit independent senior apartment building, offering residents a place that fosters both independence and a sense of community.
By focusing on enriching the lives and touching the hearts of older adults, Phsshoreview Inc creates opportunities for social interaction, engagement, and support among residents. This mission not only honors the dignity of aging individuals but also promotes a higher quality of life through various activities and community initiatives. The emphasis on honoring God further enriches the spiritual and emotional well-being of its residents, making it a vital part of the local landscape for senior living.
This information is meant to be a general summary of Phsshoreview 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: -$98,113
- Program Service Revenue: $1,609,715
- Gross Receipts: $1,528,651
Assets and Liabilities:
- Total Assets: $7,441,165
- Total Liabilities: $7,603,926
- Net Assets: -$162,761
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$1,609,715
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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