Overview
What is Presbyterian Homes Foundation?
The Presbyterian Homes Foundation is a charitable organization, headquartered at 2845 Hamline Avenue North, Roseville, Minnesota 55113. Its primary objective is to support and promote the 501(c)(3) purposes of Presbyterian Homes and its affiliates. The foundation has a significant impact, distributing $6,033,956 in awards to affiliated organizations in the fiscal year ending September 30, 2022. These funds are utilized to provide housing and essential care services for the elderly, in line with the exempt purposes of the recipient charitable affiliates. The foundation's mission, as stated, is to honor God by enriching the lives and touching the hearts of older adults.
Official website here: www.preshomes.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 87%, Three-Star out of Four Star rating.
The Presbyterian Homes Foundation has received a score of 87%, which reflects strong accountability and financial management, earning it a Three-Star rating. This score is calculated solely from its Accountability & Finance metrics, indicating a focused commitment to these areas. The organization scored full marks in various categories, including financial statements oversight, absence of material asset diversion, and the presence of essential governance policies such as conflict of interest and whistleblower protections.
Strengths of the foundation include a remarkably high program expense ratio of 98.35%, demonstrating that almost all of its expenses are directed towards its programs rather than administrative costs. Moreover, the foundation has a solid working capital ratio of 7.07 years, suggesting that it is well-positioned to meet its short-term obligations. The absence of loans to or from officers further reflects its commitment to transparency and financial integrity.
While the overall rating is positive, it is important for potential donors and stakeholders to be aware that this rating is based solely on financial accountability metrics. No qualitative measures of program effectiveness or impact are included in this score, which may limit a comprehensive understanding of the organization’s overall performance and mission effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Presbyterian Homes Foundation legitimate?
Presbyterian Homes Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian Homes Foundation 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: $0
For more financial information, click here
Official website here: www.preshomes.org
What is the mission statement of Presbyterian Homes Foundation?
The Presbyterian Homes Foundation's mission is centered around honoring God by enriching the lives and touching the hearts of older adults. This is achieved through supporting and aiding the 501(c)(3) purposes of the Presbyterian Homes and its affiliates. The foundation provides significant financial assistance, amounting to $6,033,956 during the year ending September 30, 2022. These awards are utilized to provide housing and other care services to the elderly, aligning with the exempt purposes of the recipients' charitable affiliates.
Official website here: www.preshomes.org
Who is the CEO of Presbyterian Homes Foundation?
Daniel Lindh is the Ceo of Presbyterian Homes Foundation. The CEO's salary of Presbyterian Homes Foundation is $0 and their total compensation is $943,678.
Official website here: www.preshomes.org
What is the revenue of Presbyterian Homes Foundation?
Presbyterian Homes Foundation's revenue in 2022 was $5,256,330.
Official website here: www.preshomes.org
Who are the executives of Presbyterian Homes Foundation and what are their salaries?
Here are 5 key members and their salaries (Presbyterian Homes Foundation'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 Presbyterian Homes Foundation?
Presbyterian Homes Foundation'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 Presbyterian Homes Foundation
Presbyterian Homes Foundation, a nonprofit organization, is dedicated to honoring God by enriching the lives and touching the hearts of older adults. Their mission is deeply rooted in the belief that they have a significant role to play in uplifting the elderly community. The foundation supports and promotes the charitable purposes of Presbyterian Homes and its affiliates, providing essential funding for housing and care services. In the year ending September 30, 2022, Presbyterian Homes Foundation awarded a substantial sum of $6,033,956 to affiliated organizations, enabling them to continue their mission of serving the elderly population. This funding ensures that older adults receive the necessary care and support, enriching their lives and making a meaningful impact on their well-being.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Presbyterian Homes Foundation's impact lies in honoring God by enriching the lives and touching the hearts of older adults. Through its activities, the foundation supports and promotes the charitable purposes of Presbyterian Homes and its affiliates. In the year ended September 30, 2022, the foundation provided over $6 million in awards to affiliated organizations. These funds are utilized to deliver housing and other care services to the elderly, aligning with the exempt purposes of the recipient charitable affiliates. Through its mission, Presbyterian Homes Foundation positively impacts the lives of older adults in Roseville, MN, and beyond, embodying its commitment to human services and the well-being of the elderly community.
This information is meant to be a general summary of Presbyterian Homes Foundation. 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.
- Gross Receipts: $5,256,330
Assets and Liabilities:
- Total Assets: $76,348,913
- Total Liabilities: $16,588,667
- Net Assets: $59,760,246
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1982
Phone
(651) 631-6162Principal Officer
Daniel Lindh
Main Address
2845 HAMLINE AVENUE NORTH, ROSEVILLE, MN, 55113
Website
www.preshomes.orgNTEE Category
Code: P120 - Human services
If you are a representative of Presbyterian Homes Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.