Overview
What is Phs Maranatha Inc?
Phs Maranatha Inc is a Minnesota-based nonprofit organization, specifically located at 2845 N Hamline Ave, Roseville, with a ZIP code of 55113. The organization's primary mission is to honor God by enriching the lives and touching the hearts of older adults. They provide various living arrangements, including a 97-bed skilled nursing facility, 63 assisted living apartments, and 34 independent living apartments, all situated in Brooklyn Center. These accommodations cater to different needs and offer older adults a sense of community and care.
Official website here: www.preshomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 66% - Two-Star out of Four Stars .ating.
Phs Maranatha Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and finance practices. While the organization demonstrated strong adherence to policies such as conflict of interest and whistleblower protections, it lacks independent board members, which may affect governance transparency.
The charity shows commendable performance in program expense ratio, allocating 88.80% of its budget towards programs, reflecting its commitment to fulfilling its mission. However, the liabilities to assets ratio is a significant concern at 79.69%, suggesting potential financial instability that could impact its operations and sustainability.
Additionally, the absence of the charity's tax form on its website may hinder transparency for potential donors and stakeholders. This combination of strong programmatic focus but weak governance and financial metrics warrants careful consideration for those looking to support the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Phs Maranatha Inc legitimate?
Phs Maranatha Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phs Maranatha 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: $8,222,704
For more financial information, click here
Official website here: www.preshomes.org
What is the mission statement of Phs Maranatha Inc?
Phs Maranatha Inc is an organization dedicated to honoring God by enriching the lives and touching the hearts of older adults. Through their mission, they strive to make a positive impact on the lives of seniors. The organization provides various living arrangements, including skilled nursing facilities, assisted living apartments, and independent living apartments. Their goal is to create an environment where older adults can live comfortably and receive the care they need, all while maintaining a deep connection to their faith. By focusing on the spiritual, physical, and emotional well-being of older adults, Phs Maranatha Inc aims to create a community where seniors can thrive and live fulfilling lives.
Official website here: www.preshomes.org
Who is the CEO of Phs Maranatha Inc?
Mark Meyer is the Board Chair/Ceo of Phs Maranatha Inc. The CEO's salary of Phs Maranatha Inc is $0 and their total compensation is $943,678.
Official website here: www.preshomes.org
What is the revenue of Phs Maranatha Inc?
Phs Maranatha Inc's revenue in 2022 was $15,405,850.
Official website here: www.preshomes.org
Who are the executives of Phs Maranatha Inc and what are their salaries?
There 12 volunteers at Phs Maranatha Inc.
Here are 8 key members and their salaries (Phs Maranatha Inc'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
- Compensation: $106,340
- Related: $0
- Other: $5,635
- Compensation: $100,417
- Related: $0
- Other: $5,021
- Compensation: $102,658
- Related: $0
- Other: $0
Official website here: www.preshomes.org
Where can I find the form 990 for Phs Maranatha Inc?
Phs Maranatha Inc'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 Phs Maranatha Inc
Phs Maranatha Inc, a nonprofit organization, is devoted to enriching the lives and touching the hearts of older adults as a means of honoring God. By providing a nurturing environment, Phs Maranatha Inc goes beyond the standard care for older adults.
The mission of Phs Maranatha Inc is two-fold. Firstly, it aims to provide care for older adults through its skilled nursing facility, assisted living apartments, and independent living apartments. This comprehensive approach caters to various needs, ensuring that older adults receive the care that best suits their individual circumstances.
Secondly, Phs Maranatha Inc is deeply committed to enhancing the lives of older adults spiritually, emotionally, and socially. Its focus on honoring God sets it apart from other organizations, as it strives to create an atmosphere where older adults can thrive and find meaning and purpose. By prioritizing the overall well-being of its residents, Phs Maranatha Inc makes a significant difference in their lives, allowing them to live their later years to the fullest.
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Impact
October, 2024
Phs Maranatha Inc significantly impacts the community by enriching the lives of older adults through comprehensive care and supportive living environments. The organization operates a 97-bed skilled nursing facility, 63 assisted living apartments, and 34 independent living apartments in Brooklyn Center, Minnesota. By providing a range of living options, Phs Maranatha Inc caters to the diverse needs of seniors, promoting dignity, well-being, and a sense of belonging.
The commitment to honoring God is evident in the compassionate care provided, which goes beyond medical needs. Staff and volunteers are dedicated to touching the hearts of residents, fostering emotional connections and community among older adults. This holistic approach enhances the quality of life for seniors, ensuring they feel valued and supported as they navigate their later years. Overall, Phs Maranatha Inc plays a crucial role in nurturing a supportive environment that prioritizes the health and happiness of older adults in the community.
This information is meant to be a general summary of Phs Maranatha 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: $30,692
- Program Service Revenue: $14,029,360
- Gross Receipts: $15,405,850
Assets and Liabilities:
- Total Assets: $26,560,694
- Total Liabilities: $21,168,056
- Net Assets: $5,392,638
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$14,029,360
Organization Details
Founding Year
1972
Phone
(651) 631-6162Principal Officer
Mark Meyer
Main Address
2845 N HAMLINE AVE, ROSEVILLE, MN, 55113
Website
www.preshomes.orgNTEE Category
Code: E91 - Health
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