Overview
What is Preswick Glen Inc?
Preswick Glen Inc is a nonprofit organization situated in New Hartford, New York, specifically at 172 Clinton Road. Its primary focus is to cater to the needs of senior adults, offering an independent living community. The facility consists of 84 apartments and 40 cottages, all leased on a yearly basis. At the end of the year, 119 units were fully occupied. The organization's mission is to provide a secure, peaceful, and independent retirement environment for senior adults, encouraging personal growth in a comfortable atmosphere. Preswick Glen Inc offers housing, access to healthcare, and a no-eviction policy to its residents, ensuring a sense of security and independence. The community aims to promote opportunities for personal growth, thereby enhancing the quality of life for its elderly residents.
Official website here: www.preswickglen.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Preswick Glen Inc has received an overall score of 81%, earning a Three-Star rating from Charity Navigator. This rating reflects strong performance in Accountability and Finance, indicating that the organization adheres to high standards of transparency and fiscal responsibility. Key elements contributing to this score include a fully independent board and comprehensive financial oversight practices.
The organization excels in several areas such as having a majority of independent board members and an effective audit and oversight committee. Additionally, their program expense ratio stands at an impressive 82.05%, suggesting that a significant portion of their funds is directed toward programs rather than administrative costs. Policies regarding conflict of interest, whistleblower protections, and document retention are also well-defined, enhancing the organization's governance framework.
However, there is a notable concern regarding the liabilities to assets ratio, which stands at 132.40%. This indicates that the organization may have more liabilities than assets, which could be a potential risk. Overall, while Preswick Glen Inc demonstrates strong accountability and program efficiency, attention to financial stability would be a beneficial area for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Preswick Glen Inc legitimate?
Preswick Glen Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preswick Glen 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: $1,125,051
For more financial information, click here
Official website here: www.preswickglen.com
What is the mission statement of Preswick Glen Inc?
Preswick Glen Inc's mission is centered around providing a retirement community that prioritizes the security, peace of mind, and independence of senior adults. The organization achieves this by fostering opportunities for personal growth in an attractive and comfortable environment. By offering independent living with housing, access to healthcare, and a no-eviction policy for residents aged 60 and above, Preswick Glen Inc aims to create a welcoming and supportive living space. The community consists of 84 independent living apartments and 40 independent living cottages, all of which are leased and renewed annually. At the end of the year, the facility was fully occupied with 119 units leased.
Official website here: www.preswickglen.com
Who is the CEO of Preswick Glen Inc?
Jeremy Rutter is the Ceo of Preswick Glen Inc. The CEO's salary of Preswick Glen Inc is $0 and their total compensation is $125,779.
Official website here: www.preswickglen.com
What is the revenue of Preswick Glen Inc?
Preswick Glen Inc's revenue in 2022 was $5,007,253.
Official website here: www.preswickglen.com
Who are the executives of Preswick Glen Inc and what are their salaries?
The average compensation at Preswick Glen Inc during 2022 was $14,063. There are 80 employees and 11 volunteers at Preswick Glen Inc.
Here are 18 key members and their salaries (Preswick Glen Inc's CEO's salary is $0 and their total compensation is $125,779):
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- Related: $119,750
- Other: $11,864
- Compensation: $0
- Related: $241,126
- Other: $10,075
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- Related: $35,925
- Other: $1,432
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- Related: $115,647
- Other: $11,825
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- Related: $139,237
- Other: $2,802
- Compensation: $0
- Related: $127,678
- Other: $2,627
- Compensation: $0
- Related: $125,100
- Other: $679
Official website here: www.preswickglen.com
Where can I find the form 990 for Preswick Glen Inc?
Preswick Glen Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.preswickglen.com
Learn more at the official website: www.preswickglen.com
Mission Statement of Preswick Glen Inc
Preswick Glen Inc, a retirement community organization, is dedicated to providing a secure and peaceful living environment for senior adults, promoting opportunities for personal growth in an attractive and comfortable atmosphere. The mission of Preswick Glen Inc is to ensure that senior adults can maintain their independence while enjoying a sense of security and peace of mind. This is achieved by offering a variety of opportunities for personal growth and development within the community. The organization prides itself on leasing independent living apartments and cottages to residents aged 60 years and older, with a no-eviction policy in place, ensuring that all residents feel secure in their living arrangements. At the end of the year, Preswick Glen Inc was fully occupied with 119 leased units in total, demonstrating the appeal and success of its mission.
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Impact
October, 2024
Preswick Glen Inc significantly enhances the quality of life for senior adults by providing a secure and independent living environment tailored to their needs. With its commitment to personal growth and well-being, the organization creates an attractive and comfortable atmosphere where residents can thrive.
Offering 84 independent living apartments and 40 cottages, Preswick Glen ensures that seniors have access to essential resources such as healthcare while fostering a community that encourages active engagement. The no-eviction policy provides peace of mind, allowing residents to enjoy their retirement without the fear of sudden displacement.
By prioritizing security and independence, Preswick Glen plays a crucial role in enriching the lives of its residents in New Hartford, NY, contributing to their overall happiness and sense of belonging within a supportive community.
This information is meant to be a general summary of Preswick Glen 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: -$2,872
- Program Service Revenue: $4,954,387
- Gross Receipts: $5,010,568
Assets and Liabilities:
- Total Assets: $16,500,780
- Total Liabilities: $21,848,082
- Net Assets: -$5,347,302
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$4,677,122
RESIDENT FEES
Revenue
$277,265
Organization Details
Founding Year
2000
Phone
(315) 797-7500Principal Officer
Jeremy Rutter
Main Address
172 CLINTON ROAD, NEW HARTFORD, NY, 13413
Website
www.preswickglen.comNTEE Category
Code: L22 - Housing
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