Overview
What is Mill Ridge Commons?
Mill Ridge Commons is a nonprofit organization situated in Cambridge, Minnesota. With 56 independent senior living apartments, it aims to enrich the lives and touch the hearts of older adults. The organization's mission is centered around honoring God by providing a supportive environment for seniors, enhancing their experiences and fostering meaningful connections. The specific location details provided are 2845 N Hamline Ave, Roseville, MN 55113.
Official website here: www.preshomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating
Mill Ridge Commons has received an 81% score from Charity Navigator, earning a three-star rating. This score reflects an emphasis on Accountability and Finance, indicating that the organization is transparent and well-managed in its financial practices. The organization has demonstrated strong adherence to best practices, with no material diversion of assets and complete transparency in its audited financial statements.
Strengths identified in the evaluation include a high program expense ratio of 73.48%, which suggests that a significant portion of its funds is directed toward its mission-related activities. The organization also scored full points in various governance practices, including having documented board meeting minutes, a conflict of interest policy, and a whistleblower policy, underscoring its commitment to ethical operations.
While the overall rating is positive, it primarily focuses on financial accountability without additional insight into programmatic effectiveness or impact. Therefore, while Mill Ridge Commons shows strong financial health, potential donors may want to consider further information regarding its operational effectiveness and the outcomes of its programs.
This AI summary has been generated from information found on Charity Navigator.
Is Mill Ridge Commons legitimate?
Mill Ridge Commons is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mill Ridge Commons 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: $146,226
For more financial information, click here
Official website here: www.preshomes.org
What is the mission statement of Mill Ridge Commons?
The mission of Mill Ridge Commons is centered around honoring God by enriching the lives and touching the hearts of older adults. This organization strives to make a significant impact on the lives of its senior community members. The organization consists of 56 independent senior living apartments, located in an undisclosed location. The primary focus is to provide a nurturing environment that positively impacts the seniors' emotional and physical well-being. By dedicating its efforts to this mission, Mill Ridge Commons aims to create a positive impact in the lives of older adults, demonstrating respect and care.
Official website here: www.preshomes.org
Who is the CEO of Mill Ridge Commons?
Mark Meyer is the Board Chair/Ceo of Mill Ridge Commons. The CEO's salary of Mill Ridge Commons is $0 and their total compensation is $943,678.
Official website here: www.preshomes.org
What is the revenue of Mill Ridge Commons?
Mill Ridge Commons's revenue in 2022 was $875,007.
Official website here: www.preshomes.org
Who are the executives of Mill Ridge Commons and what are their salaries?
Here are 5 key members and their salaries (Mill Ridge Commons'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 Mill Ridge Commons?
Mill Ridge Commons'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 Mill Ridge Commons
Mill Ridge Commons, as a nonprofit organization, is dedicated to honoring God by enriching the lives and touching the hearts of older adults. Their mission is to provide a nurturing environment that caters to the emotional and physical needs of senior citizens, aiming to enhance their quality of life and foster connections within the community. The organization operates a complex of 56 independent senior living apartments, offering a supportive and caring atmosphere where older adults can age gracefully and maintain their independence. Mill Ridge Commons' mission is to create an environment that not only meets the basic needs of its residents but also fosters a sense of belonging and purpose, enriching their lives and touching their hearts in a profound way.
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Impact
October, 2024
Mill Ridge Commons significantly enhances the quality of life for older adults in Cambridge, Minnesota, through its 56 independent senior living apartments. By providing a supportive and enriching environment, it fosters a sense of community and belonging among residents. The mission focuses on honoring God while positively impacting the lives of seniors, ensuring they feel valued and connected. This commitment to enriching lives touches the hearts of older adults, promoting their well-being and dignity. The facility not only offers housing but also contributes to the emotional and social health of its residents, making it a vital resource in the community.
This information is meant to be a general summary of Mill Ridge Commons. 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: -$49,506
- Program Service Revenue: $897,670
- Gross Receipts: $875,007
Assets and Liabilities:
- Total Assets: $5,082,454
- Total Liabilities: $2,077,227
- Net Assets: $3,005,227
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$897,670
Organization Details
Founding Year
1988
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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