Overview
What is Penta Nascent Corporation?
Penta Nascent Corporation is a nonprofit organization situated in Centralia, Illinois. With a staff of 152 individuals, its primary focus is on supporting the residential needs of individuals with developmental disabilities in the Marion County area. They achieve this by managing three 16-bed nursing facilities, striving to nurture the skills of each resident to their highest functional capacity. The organization operates within a framework that promotes the least restrictive environment possible, providing its residents with ample opportunities for growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
Penta Nascent Corporation has received a strong Four-Star rating from Charity Navigator, reflecting a high degree of accountability and financial health. The organization has achieved perfect scores in several categories, including independent board membership and the absence of asset diversion, indicating strong governance and ethical practices. With a program expense ratio of 84.64%, the majority of its resources are effectively allocated to its programs, showcasing a commitment to its mission.
Furthermore, Penta Nascent demonstrates a robust financial structure with a low liabilities-to-assets ratio of 3.01%, which suggests financial stability and the ability to meet its obligations. The organization adheres to best practices by having a documented conflict of interest policy and maintaining thorough documentation of board meeting minutes. This level of transparency reinforces trust among stakeholders.
While the rating highlights the organization's strengths, it is essential to consider that a single beacon score limits the assessment of its overall impact. Future evaluations could benefit from a more comprehensive analysis that includes additional performance metrics beyond financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Penta Nascent Corporation legitimate?
Penta Nascent Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Penta Nascent 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: $2,035,391
For more financial information, click here
What is the mission statement of Penta Nascent Corporation?
Penta Nascent Corporation is dedicated to operating intermediate care facilities for individuals with developmental disabilities. The primary objective of this organization is to help these residents develop their skills to their highest functioning level. By doing so, Penta Nascent Corporation offers each resident the opportunity to grow within the least restrictive environment possible. The corporation's mission is centered around providing a supportive environment that encourages the personal growth and development of its residents.
Who is the CEO of Penta Nascent Corporation?
Danny Niederhofer is the Vice-President of Penta Nascent Corporation.
What is the revenue of Penta Nascent Corporation?
Penta Nascent Corporation's revenue in 2023 was $3,686,400.
Who are the executives of Penta Nascent Corporation and what are their salaries?
The average compensation at Penta Nascent Corporation during 2023 was $13,391. There are 152 employees at Penta Nascent Corporation.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Penta Nascent Corporation?
Penta Nascent Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Penta Nascent Corporation
Penta Nascent Corporation, a nonprofit organization, is committed to operating intermediate care facilities for individuals with developmental disabilities. Their primary mission is to help these individuals develop their skills to their highest functioning level, offering them an opportunity to grow within a framework of the least restrictive environment possible. The corporation's goal is to empower each resident, providing them with the necessary support to reach their full potential.
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Impact
October, 2024
Penta Nascent Corporation plays a crucial role in supporting the developmentally disabled population in Marion County, Illinois, by operating three 16-bed nursing facilities. These facilities are designed to meet the residential needs of individuals with developmental disabilities, creating an environment conducive to their growth and development.
By focusing on enhancing residents' skills to their highest potential, Penta Nascent Corporation emphasizes personalized care and individual progress. This commitment to fostering independence within the least restrictive setting encourages residents to thrive, building their confidence and capabilities. The organization not only addresses essential care but also nurtures a community where individuals can learn, interact, and feel valued.
Overall, Penta Nascent Corporation's impact extends beyond simply providing housing; it actively contributes to the quality of life for developmentally disabled individuals by ensuring they receive the support and opportunities needed for a fulfilling life in their community.
This information is meant to be a general summary of Penta Nascent 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 2023.
- Investment Income: $21,124
- Program Service Revenue: $3,214,027
- Gross Receipts: $3,686,400
Assets and Liabilities:
- Total Assets: $3,467,947
- Total Liabilities: $104,700
- Net Assets: $3,363,247
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE REVENUE
Revenue
$3,204,278
NURSE AID TRAINING
Revenue
$9,749
Organization Details
Founding Year
1988
Principal Officer
Danny Niederhofer
Main Address
PO BOX 1690, CENTRALIA, IL, 62801
NTEE Category
Code: E910 - Health
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