Overview
What is Phsinver Grove Inc?
Phsinver Grove Inc, situated in Inver Grove Heights, Minnesota, is a nonprofit organization with a compassionate mission. The organization's campus houses various facilities designed to cater to the needs of older adults. This includes an 84-unit assisted living facility, specifically tailored for memory care residents, a 90-unit independent senior apartment building, and 67 senior townhomes. The mission of Phsinver Grove Inc is to honor God by enriching the lives and touching the hearts of older adults, demonstrating a commendable dedication to their community.
Official website here: www.preshomes.org
What are the reviews and ratings of this charity?
**: Needs Improvement (Two Stars)**ars)**
Phsinver Grove Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in various accountability and financial metrics. Their overall score of 67% is solely derived from the Accountability & Finance beacon. While the organization demonstrates strong policies regarding conflicts of interest and document management, it lacks independent board members, which is a significant area of concern.
The charity excels in certain aspects, boasting a high program expense ratio of 84.75%, suggesting a commitment to allocating funds towards its mission. Additionally, there are no reported issues with material diversion of assets, which reinforces a level of financial integrity. However, the absence of independent board members and the missing tax form on the nonprofit's website negatively impacts its overall transparency and governance.
User reviews from GreatNonprofits could not be fetched, so no additional feedback or sentiments from the community are available at this time. Overall, while Phsinver Grove Inc has strengths in program spending and certain accountability practices, improvements in governance and transparency are needed to enhance its effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Phsinver Grove Inc legitimate?
Phsinver Grove Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phsinver Grove 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: $2,927,504
For more financial information, click here
Official website here: www.preshomes.org
What is the mission statement of Phsinver Grove Inc?
Phsinver Grove Inc's mission is centered around honoring God. The organization strives to enrich the lives and touch the hearts of older adults, demonstrating a commitment to this demographic. By focusing on their well-being, Phsinver Grove Inc aims to make a significant impact in their lives. The organization does not provide specific details about the methods or approaches they use to achieve this mission, but the overarching goal is clear: to honor God by improving the lives of older adults.
Official website here: www.preshomes.org
Who is the CEO of Phsinver Grove Inc?
Mark Meyer is the Board Chair/Ceo of Phsinver Grove Inc. The CEO's salary of Phsinver Grove Inc is $0 and their total compensation is $943,678.
Official website here: www.preshomes.org
What is the revenue of Phsinver Grove Inc?
Phsinver Grove Inc's revenue in 2022 was $10,242,112.
Official website here: www.preshomes.org
Who are the executives of Phsinver Grove Inc and what are their salaries?
There 36 volunteers at Phsinver Grove Inc.
Here are 5 key members and their salaries (Phsinver Grove 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 Phsinver Grove Inc?
Phsinver Grove 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 Phsinver Grove Inc
Phsinver Grove Inc, 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 operations, aiming to make a meaningful impact on the lives of those in their care. The organization's primary focus is on providing a nurturing environment that caters to the physical, emotional, and spiritual needs of older adults. By doing so, Phsinver Grove Inc seeks to enrich the lives of its residents, fostering a sense of community and care that touches their hearts.
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Impact
October, 2024
Phsinver Grove Inc significantly impacts the community by enhancing the quality of life for older adults in Inver Grove Heights, Minnesota. Through its well-designed facilities, which include an 84-unit assisted living center and specialized memory care units, the organization addresses the needs of residents with varying levels of assistance.
The 90-unit independent senior apartment building and 67 senior townhomes contribute to creating a supportive and engaging environment, allowing seniors to maintain their independence while having access to necessary services. This holistic approach not only facilitates physical care but also fosters social connections and emotional well-being, ultimately enriching the lives of older adults and uplifting their spirits.
By focusing on the mission to honor God and touch the hearts of seniors, Phsinver Grove Inc cultivates a community that values dignity, respect, and compassionate support, making a meaningful difference in the lives of its residents and the broader community.
This information is meant to be a general summary of Phsinver Grove 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: -$58,954
- Program Service Revenue: $10,052,625
- Gross Receipts: $10,244,622
Assets and Liabilities:
- Total Assets: $38,368,755
- Total Liabilities: $26,098,566
- Net Assets: $12,270,189
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$10,052,625
Organization Details
Founding Year
2000
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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