Overview
What is Prospect Congregate Housing Inc?
Prospect Congregate Housing Inc, operating under the name Ovation Chai Point, is a nonprofit organization situated in Milwaukee, Wisconsin. Their primary focus is on providing senior housing and services, with an emphasis on assisting elderly individuals who require assistance. Specifically, they offer independent and assisted living options, along with outpatient skilled rehabilitation services. The living arrangements range from studio apartments to three-bedrooms, catering to various resident needs. Residents benefit from secure living and personalized programming, including daily enrichment activities, social events, and healthcare services. In addition to these offerings, assisted living residents receive personal care support, medication management, and round-the-clock nursing assistance. During the year, they served 95 residents, with 20% receiving support through Family Care or Community Care programs.
Official website here: www.ovation.org
What are the reviews and ratings of this charity?
77% rating from Charity Navigator indicates that Prospect Congregate Housing Inc has a Three-Star out of Four Star rating, highlighting a strong focus on accountability and finance. The organization scored well in several areas, including having an entirely independent board and a solid program expense ratio, suggesting efficient use of funds towards its mission.
Despite its strengths, the charity faces some limitations. The whistleblower policy is missing, which may raise concerns regarding transparency and internal governance. Additionally, the liabilities to assets ratio was notably low, indicating that the organization may have more liabilities than assets, which could potentially impact its financial health in the long term.
Overall, Prospect Congregate Housing Inc demonstrates a commitment to financial accountability, exemplified by its high percentage of program expenses. However, it will benefit from addressing the identified weaknesses to further enhance its governance practices and financial sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Prospect Congregate Housing Inc legitimate?
Prospect Congregate Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prospect Congregate Housing 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: $1,531,646
For more financial information, click here
Official website here: www.ovation.org
What is the mission statement of Prospect Congregate Housing Inc?
Prospect Congregate Housing Inc's mission is centered around providing housing for the elderly who require assistance. This organization offers various living options, including independent and assisted living, and outpatient skilled rehabilitation services. The primary goal is to ensure the elderly live securely with personalized programming tailored to their needs. Residents can engage in a variety of enriching activities, such as social events, exercise classes, and intergenerational programs. In addition to these amenities, assisted living residents receive additional support, including wellness visits, medication management, personal care services, and 24-hour on-site nursing assistance. The organization served 95 residents during the year, with 20% of them receiving support through Family Care or Community Care.
Official website here: www.ovation.org
Who is the CEO of Prospect Congregate Housing Inc?
Michael Silverman is the President of Prospect Congregate Housing Inc.
Official website here: www.ovation.org
What is the revenue of Prospect Congregate Housing Inc?
Prospect Congregate Housing Inc's revenue in 2022 was $4,213,533.
Official website here: www.ovation.org
Who are the executives of Prospect Congregate Housing Inc and what are their salaries?
The average compensation at Prospect Congregate Housing Inc during 2022 was $18,909. There are 81 employees and 64 volunteers at Prospect Congregate Housing Inc.
Here are 13 key members and their salaries:
- Compensation: $90,012
- Related: $270,036
- Other: $34,019
- Compensation: $50,280
- Related: $75,420
- Other: $6,602
- Compensation: $109,650
- Related: $0
- Other: $10,857
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.ovation.org
Where can I find the form 990 for Prospect Congregate Housing Inc?
Prospect Congregate Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ovation.org
Learn more at the official website: www.ovation.org
Mission Statement of Prospect Congregate Housing Inc
Prospect Congregate Housing Inc is dedicated to providing housing for the elderly who require assistance. This nonprofit organization offers a variety of living options, including independent and assisted living, catering to different resident needs. Their mission is to ensure a secure living environment for the elderly, offering personalized programming that enriches their daily lives. This enrichment includes social activities, exercise classes, religious services, seminars, discussions, live music, and intergenerational programming.
For those requiring more assistance, Prospect Congregate Housing Inc provides a comprehensive range of services. This includes morning and evening wellness visits, access to a dedicated physician, medication management and administration, daily bed making, housekeeping and linen change services, certified nursing assistants on-site 24 hours a day, and personal care services such as bathing, dressing, and grooming. Residents also enjoy three meals a day, with breakfast, lunch, and dinner available daily. The organization's services extend to social services as well, ensuring that residents have the support they need to maintain their independence and quality of life.
In the year, Prospect Congregate Housing Inc served 95 residents, with 20% of them receiving care through Family Care or Community Care. This indicates the organization's commitment to providing comprehensive care to its elderly residents, catering to their unique needs and ensuring they have the support they require to live comfortably and safely.
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Impact
July, 2024
Prospect Congregate Housing Inc, operating under the name Ovation Chai Point, provides vital senior housing and services to the elderly in Milwaukee, WI. Through its independent and assisted living offerings, outpatient skilled rehabilitation services, and a wide range of amenities, this organization positively impacts the lives of senior citizens by offering them a safe and enriching living environment. Residents benefit from personalized programming, social activities, medical care, and assistance with daily tasks, contributing to their overall well-being and peace of mind. In the past year, Prospect Congregate Housing Inc served 95 residents, with a significant portion of them receiving support through Family Care or Community Care programs. Overall, the organization's focus on providing housing for the elderly who require assistance aligns with its mission to enhance the quality of life for seniors in the community.
This information is meant to be a general summary of Prospect Congregate Housing 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: $30
- Program Service Revenue: $3,397,493
- Gross Receipts: $4,213,533
Assets and Liabilities:
- Total Assets: $9,744,384
- Total Liabilities: $14,998,317
- Net Assets: -$5,253,933
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Senior Housing
Revenue
$3,397,493
Organization Details
Founding Year
1988
Phone
(414) 276-2627Principal Officer
Michael Silverman
Main Address
1414 N PROSPECT AVE, MILWAUKEE, WI, 53202
Website
www.ovation.orgNTEE Category
Code: P75Z - Human services
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