Overview
What is Phschanhassen Inc?
Phschanhassen Inc, located in Roseville, Minnesota, is a nonprofit organization that specializes in assisted living and senior living. Their campus accommodates 71 assisted living apartments, with 18 specifically designed for memory care residents, and 90 independent senior living apartments. The organization's mission is deeply rooted in honoring God, aiming to enrich the lives and touch the hearts of older adults in their care. This mission is reflected in their daily operations and services, providing a supportive environment for their residents.
Official website here: www.preshomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Phschanhassen Inc received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in its overall management and governance practices. With an overall score of 66%, the organization excels in areas such as financial oversight, having no material diversion of assets, and maintaining essential policies related to conflicts of interest and whistleblowing. However, the lack of independent board members significantly impacts its Accountability & Finance score.
Despite strong program expense ratios, which suggest that a considerable portion of its funds supports its mission, Phschanhassen Inc's liabilities to assets ratio raises concerns about its financial health. The absence of independent board members may also hinder the organization's ability to maintain appropriate oversight. Additionally, the nonprofit's failure to post its tax form on its website detracts from its transparency and accountability to donors and stakeholders.
Overall, while there are commendable aspects of Phschanhassen Inc's operations, particularly in its commitment to program spending, the organization must address its governance structure and financial ratios to enhance its accountability and improve its standing with potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Phschanhassen Inc legitimate?
Phschanhassen Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phschanhassen 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: $2,260,221
For more financial information, click here
Official website here: www.preshomes.org
What is the mission statement of Phschanhassen Inc?
Phschanhassen Inc's mission is centered around honoring God. This organization strives to enrich the lives and touch the hearts of older adults. By doing so, they aim to make a significant impact on these individuals, demonstrating their commitment to this population. The organization's goal is not just about providing care, but also about touching the emotional aspect of older adults, showing them compassion and respect.
Official website here: www.preshomes.org
Who is the CEO of Phschanhassen Inc?
Mark Meyer is the Board Chair/Ceo of Phschanhassen Inc. The CEO's salary of Phschanhassen Inc is $0 and their total compensation is $943,678.
Official website here: www.preshomes.org
What is the revenue of Phschanhassen Inc?
Phschanhassen Inc's revenue in 2022 was $6,796,402.
Official website here: www.preshomes.org
Who are the executives of Phschanhassen Inc and what are their salaries?
There 46 volunteers at Phschanhassen Inc.
Here are 5 key members and their salaries (Phschanhassen 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 Phschanhassen Inc?
Phschanhassen 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 Phschanhassen Inc
Phschanhassen Inc, as a nonprofit organization, is committed to honoring God by enriching the lives and touching the hearts of older adults. Their mission is deeply rooted in the belief that they have a significant role to play in enhancing the experiences of older individuals, setting the tone for a meaningful and fulfilling journey in their later years. The organization's approach is multifaceted, focusing not only on the physical well-being of its residents but also on their emotional and spiritual needs. By enriching the lives of older adults, Phschanhassen Inc aims to create an environment where older individuals can feel valued, appreciated, and loved, fostering a sense of community and belonging.
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Impact
October, 2024
Phschanhassen Inc significantly impacts the lives of older adults by providing a supportive and enriching environment in Chanhassen, Minnesota. With 71 assisted living apartments, including 18 specifically designed for memory care residents, and 90 independent senior living apartments, the organization caters to a diverse range of needs among seniors.
By focusing on honoring God and enriching lives, Phschanhassen Inc creates a nurturing atmosphere that fosters community, connection, and personal growth. The services offered not only enhance the physical well-being of residents but also prioritize emotional and spiritual health, ensuring that older adults feel valued and cared for. This holistic approach contributes to an improved quality of life, allowing seniors to thrive in a safe and engaging environment. Through its dedication to enriching lives, Phschanhassen Inc plays a vital role in the community, promoting dignity and respect for older adults.
This information is meant to be a general summary of Phschanhassen 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: $3,027
- Program Service Revenue: $6,530,013
- Gross Receipts: $6,796,402
Assets and Liabilities:
- Total Assets: $23,384,762
- Total Liabilities: $17,916,741
- Net Assets: $5,468,021
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICES TO RESIDENTS
Revenue
$6,530,013
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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