Overview
What is Providence Residential Community Corporation?
Providence Residential Community Corporation is a senior living community situated in Sandusky, Ohio, specifically at 5055 Providence Drive. This nonprofit organization specializes in providing independent living facilities and limited nursing services to residents aged 55 or above. Their mission aligns with the moral, ethical, and religious teachings of the Roman Catholic Church, ensuring that the physical, psychological, and spiritual care provided to residents is in accordance with the church's doctrine. As an affiliate of CommonSpirit Health, Providence Residential Community Corporation aims to improve the health of the people they serve, particularly the vulnerable, while advancing social justice for all. In the fiscal year ending June 2022, they served 93 residents and offered 28,120 resident days of care.
Official website here: www.chilivingcommunities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
Providence Residential Community Corporation has achieved a three-star rating from Charity Navigator, reflecting a 75% score primarily in the Accountability & Finance category. This rating indicates a solid commitment to transparency and responsible financial practices, which is critical for donor trust and support. The organization has successfully implemented various policies, including conflict of interest and whistleblower protections, further enhancing its governance framework.
The financial health of the organization appears stable, as indicated by a favorable liabilities to assets ratio of 55.67%. With a program expense ratio of 68.01%, the organization demonstrates a significant commitment to directing funds toward its mission-driven activities. The absence of any material diversion of assets further strengthens its credibility and reliability.
However, while the organization performs well in terms of financial accountability, the overall score is based solely on financial metrics. This limitation suggests that potential donors might want to consider additional qualitative aspects of the nonprofit, such as program effectiveness and community impact, before making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Providence Residential Community Corporation legitimate?
Providence Residential Community Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providence Residential Community Corporation 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: $127,044
For more financial information, click here
Official website here: www.chilivingcommunities.org
What is the mission statement of Providence Residential Community Corporation?
The Providence Residential Community Corporation, as an affiliate of CommonSpirit Health, aims to make the healing presence of God known in the world by improving the health of the people they serve, particularly those who are vulnerable. Their mission extends to advancing social justice for all. Within this senior living community, they offer independent living facilities and limited nursing services to residents aged 55 and above. They strive to establish, own, and operate residential housing for the elderly while delivering health care services appropriately and in compliance with applicable laws. The corporation upholds the moral, ethical, and religious doctrines of the Roman Catholic Church, ensuring that the physical, psychological, and spiritual care provided to residents aligns with the church's teachings. In the year ending June 2022, they served 93 residents and provided 28,120 resident days of care.
Official website here: www.chilivingcommunities.org
Who is the CEO of Providence Residential Community Corporation?
Prentice O Lipsey is the Principal Officer of Providence Residential Community Corporation. The CEO's salary of Providence Residential Community Corporation is $0 and their total compensation is $303,645.
Official website here: www.chilivingcommunities.org
What is the revenue of Providence Residential Community Corporation?
Providence Residential Community Corporation's revenue in 2022 was $1,510,889.
Official website here: www.chilivingcommunities.org
Who are the executives of Providence Residential Community Corporation and what are their salaries?
There 4 volunteers at Providence Residential Community Corporation.
Here are 9 key members and their salaries (Providence Residential Community Corporation's CEO's salary is $0 and their total compensation is $303,645):
- Compensation: $0
- Related: $6,275,927
- Other: $793,711
- Compensation: $0
- Related: $3,083,634
- Other: $36,894
- Compensation: $0
- Related: $1,171,189
- Other: $13,030
- Compensation: $0
- Related: $270,837
- Other: $32,808
- Compensation: $0
- Related: $263,610
- Other: $17,910
- Compensation: $0
- Related: $226,603
- Other: $28,537
- Compensation: $0
- Related: $72,312
- Other: $6,007
- Compensation: $0
- Related: $44,218
- Other: $2,246
- Compensation: $0
- Related: $141,216
- Other: $2,821
Official website here: www.chilivingcommunities.org
Where can I find the form 990 for Providence Residential Community Corporation?
Providence Residential Community Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chilivingcommunities.org
Learn more at the official website: www.chilivingcommunities.org
Mission Statement of Providence Residential Community Corporation
Providence Residential Community Corporation, an affiliate of CommonSpirit Health, is devoted to making a healing presence known in the world. Their mission, as expressed, is to enhance the health of the individuals they serve, particularly those who are vulnerable. They strive to do so while advocating for social justice for all. As a senior living community, Providence Residential Community Corporation offers independent living facilities and limited nursing services to residents over the age of 55 years. Their residences, which include villa homes and apartments, prioritize the well-being of their elderly residents, ensuring their physical, psychological, and spiritual needs are met within the context of the Roman Catholic Church's doctrine.
The corporation's activities align with their mission, establishing, owning, and operating residential housing facilities for the elderly. They promote the delivery of health care services in an appropriate manner, adhering to applicable laws. By doing so, Providence Residential Community Corporation demonstrates its commitment to upholding the moral, ethical, and religious teachings of the Roman Catholic Church. In the fiscal year ending June 2022, they served 93 residents and provided 28,120 resident days of care, reflecting their dedication to the well-being of their elderly residents.
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Impact
October, 2024
Providence Residential Community Corporation significantly impacts the community by providing a supportive and engaging environment for individuals aged 55 and older. By offering villa homes and apartments, residents enjoy independent living while having access to limited nursing services, promoting both autonomy and well-being.
In the year ending June 2022, the organization served 93 residents, delivering an impressive total of 28,120 resident days of care. This indicates a strong commitment to meeting the needs of the elderly population in Sandusky, Ohio, ensuring they receive the necessary care and support to thrive in their later years.
Beyond housing, Providence integrates health care services that adhere to ethical and moral standards reflective of the Roman Catholic Church's teachings. This holistic approach fosters not only physical care but also psychological and spiritual support, ensuring residents feel valued and cared for in multiple dimensions of their lives.
The corporation's affiliation with CommonSpirit Health underscores its dedication to enhancing the health of vulnerable populations and advancing social justice, making it a crucial player in the community’s support network for the elderly.
This information is meant to be a general summary of Providence Residential Community Corporation. 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.
- Program Service Revenue: $1,474,474
- Gross Receipts: $1,510,889
Assets and Liabilities:
- Total Assets: $8,444,335
- Total Liabilities: $5,170,243
- Net Assets: $3,274,092
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESD FACILITY REVENUE
Revenue
$1,474,474
Organization Details
Founding Year
1999
Phone
(419) 627-2273Principal Officer
Prentice O Lipsey
Main Address
5055 PROVIDENCE DRIVE, SANDUSKY, OH, 44870
Website
www.chilivingcommunities.orgNTEE Category
Code: L20 - Housing
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