Overview
What is Presbyterian Village - Holly Ii?
Presbyterian Village - Holly II is a nonprofit organization situated in Holly, Michigan. Its primary mission is to offer housing and related services to low-income senior adults. The organization operates a complex comprising 51 apartments, catering to this specific demographic. The nonprofit's activities are centered around providing housing and essential services to this vulnerable population, ensuring they can live comfortably and securely. Employing a team of eight individuals, Presbyterian Village - Holly II plays a significant role in supporting the well-being and independence of senior adults in the local community.
Official website here: www.pvm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61%, Two-Star out of Four Star rating.
Presbyterian Village - Holly II has received a Two-Star rating from Charity Navigator, indicating a moderate level of financial health and transparency. The organization excels in governance, with 100% of its board members being independent and a strong commitment to accountability in areas such as material diversion of assets and the documentation of board meeting minutes.
However, the organization faces significant challenges in its accountability practices, as it lacks key policies such as a conflict of interest policy and a whistleblower policy, both of which are critical for ensuring ethical governance. Additionally, the organization's liabilities to assets ratio is notably high at 186.57%, which raises concerns about its financial stability. Despite these limitations, Presbyterian Village - Holly II has a commendable program expense ratio of 86.31%, indicating that a large portion of its expenses is dedicated to its mission-related programs.
This AI summary has been generated from information found on Charity Navigator.
Is Presbyterian Village - Holly Ii legitimate?
Presbyterian Village - Holly Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian Village - Holly Ii 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: $27,772
Professional Fundraising Fees: $0
Other Salaries and Wages: $60,883
For more financial information, click here
Official website here: www.pvm.org
What is the mission statement of Presbyterian Village - Holly Ii?
Presbyterian Village - Holly II is committed to offering housing and essential services to senior adults with limited income. Their primary objective is to enhance the living conditions of these individuals, providing them with a comfortable and supportive environment. The organization operates a complex comprising 51 apartments, each equipped to cater to the needs of its senior residents. This non-profit entity strives to improve the quality of life for its residents, ensuring they have access to necessary amenities and care services.
Official website here: www.pvm.org
Who is the CEO of Presbyterian Village - Holly Ii?
William Walters is the Administrator of Presbyterian Village - Holly Ii.
Official website here: www.pvm.org
What is the revenue of Presbyterian Village - Holly Ii?
Presbyterian Village - Holly Ii's revenue in 2022 was $484,867.
Official website here: www.pvm.org
Who are the executives of Presbyterian Village - Holly Ii and what are their salaries?
The average compensation at Presbyterian Village - Holly Ii during 2022 was $11,082. There are 8 employees and 7 volunteers at Presbyterian Village - Holly Ii.
Here are 8 key members and their salaries:
- Compensation: $23,276
- Related: $34,914
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.pvm.org
Where can I find the form 990 for Presbyterian Village - Holly Ii?
Presbyterian Village - Holly Ii's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pvm.org
Learn more at the official website: www.pvm.org
Mission Statement of Presbyterian Village - Holly Ii
Presbyterian Village - Holly II is a nonprofit organization committed to serving low-income senior adults. The mission of this organization, in essence, is to provide them with suitable housing and essential services. By offering a collection of 51 apartments, Presbyterian Village - Holly II creates a living environment that caters to the needs of this group, thereby enriching their lives. This nonprofit organization's primary objective is to ensure that elderly adults with limited financial resources can maintain a comfortable and secure living situation, thereby enhancing their overall well-being.
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Impact
July, 2024
Presbyterian Village - Holly II impacts low-income senior adults by providing them with housing and related services. Through its complex of 51 apartments in Holly, MI, this organization offers affordable housing options specifically tailored to meet the needs of seniors on limited incomes. This impact directly addresses the critical issue of housing insecurity among the elderly population, ensuring that these individuals have a safe and stable place to call home in their golden years.
This information is meant to be a general summary of Presbyterian Village - Holly Ii. 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: $32
- Program Service Revenue: $467,346
- Gross Receipts: $484,867
Assets and Liabilities:
- Total Assets: $2,100,916
- Total Liabilities: $3,724,671
- Net Assets: -$1,623,755
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Apartment rental
Revenue
$467,346
Organization Details
Founding Year
1996
Phone
(248) 634-0592Principal Officer
William Walters
Main Address
3325 Grange Hall Rd, Holly, MI, 484422015
Website
www.pvm.orgNTEE Category
Code: L22 - Housing
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