Overview
What is Prince Of Peace Senior Apts Inc?
Prince of Peace Senior Apts Inc is a nonprofit organization situated in Hutchinson, Minnesota, dedicated to offering senior housing at market rates. The organization boasts 100% occupancy and maintains a waiting list of 23 individuals. Committed to improving their facilities, they have undertaken various building updates and continue their fundraising efforts. Their goal is to supplement their budget for additional amenities without affecting the operational expenses. The coronavirus had a minimal impact on their services this year, with enhanced cleaning practices and resumption of activities and entertainment safely. The organization offers an optional noon meal daily and operates a small store for breakfast items. Health-related services are provided in partnership with Adara Home Health Care, and most modernization plans have been completed. The mission of Prince of Peace Senior Apts Inc is to provide independent senior housing that enhances the quality of life and social involvement of each community member, offering conveniences and services to foster a dignified lifestyle within a senior community.
Official website here: www.poprl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Prince Of Peace Senior Apts Inc has received an 81% rating from Charity Navigator, reflecting a solid performance in terms of accountability and finance. The rating is based entirely on financial metrics, indicating the organization has demonstrated a commitment to transparency and responsible financial management. A notable aspect of their governance is the presence of a wholly independent board, which contributes positively to their accountability score.
The organization excels in several key areas, including having a high program expense ratio of 86.84%, indicating that a significant portion of their funds is directed toward programs rather than administrative costs. Additionally, they have a strong financial statement review process and have not reported any material diversion of assets, which further enhances their credibility.
However, there are some limitations worth noting. The organization lacks a whistleblower policy and a document retention and destruction policy, which are essential components of good governance practices. While they have robust financial practices, addressing these missing elements could strengthen their overall accountability framework.
This AI summary has been generated from information found on Charity Navigator.
Is Prince Of Peace Senior Apts Inc legitimate?
Prince Of Peace Senior Apts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prince Of Peace Senior Apts 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: $172,644
For more financial information, click here
Official website here: www.poprl.org
What is the mission statement of Prince Of Peace Senior Apts Inc?
Prince of Peace Senior Apts Inc's mission is centered around providing independent senior housing, aiming to create a dignified lifestyle within a senior community. They strive to enhance the quality of life and social involvement of each community member by offering conveniences and services. The organization is dedicated to fostering a sense of community and improving the overall living experience for its senior residents.
Official website here: www.poprl.org
Who is the CEO of Prince Of Peace Senior Apts Inc?
Gary Havemeier is the Director of Prince Of Peace Senior Apts Inc.
Official website here: www.poprl.org
What is the revenue of Prince Of Peace Senior Apts Inc?
Prince Of Peace Senior Apts Inc's revenue in 2022 was $746,567.
Official website here: www.poprl.org
Who are the executives of Prince Of Peace Senior Apts Inc and what are their salaries?
The average compensation at Prince Of Peace Senior Apts Inc during 2022 was $15,695. There are 11 employees and 78 volunteers at Prince Of Peace Senior Apts Inc.
Here are 7 key members and their salaries:
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Official website here: www.poprl.org
Where can I find the form 990 for Prince Of Peace Senior Apts Inc?
Prince Of Peace Senior Apts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.poprl.org
Learn more at the official website: www.poprl.org
Mission Statement of Prince Of Peace Senior Apts Inc
Prince of Peace Senior Apts Inc is dedicated to providing independent senior housing, aiming to create a dignified lifestyle within a senior community. Their mission is to enhance the quality of life and social involvement of each community member by offering conveniences and services. This non-profit organization strives to offer a lifestyle that is both respectful and engaging for its senior residents.
Prince of Peace Senior Apts Inc is committed to offering senior housing at market rates, ensuring that their residents live in a dignified environment. They have a strong focus on providing services that enrich the lives of their residents, fostering a sense of community and social involvement. The organization has a goal of fundraising and grant writing to supplement their budget, ensuring that they can provide additional amenities without compromising their operating budget.
During the pandemic, Prince of Peace Senior Apts Inc managed to minimize the impact on their services. They implemented additional housekeeping practices to maintain a sanitary and safe environment, while also bringing back all activities and entertainment. The organization continues to offer a full meal service seven days a week, with the option for residents to dine in the dining room or have meals delivered to those who are ill. They have also reopened their Sweet Shoppe, offering breakfast items at a nominal fee, and have seen no increase in other services such as general housekeeping and linen service. The organization also maintains a partnership with Adara Home Health Care, offering health-related services for residents who need them.
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Impact
July, 2024
Prince Of Peace Senior Apts Inc is making a significant impact by providing independent senior housing designed to create a dignified lifestyle within a senior community. They offer conveniences and services that enhance the quality of life and social involvement of each community member. This organization is committed to providing senior Christian housing at market rate, with a focus on fundraising and grant writing to supplement their budget for "extras" without compromising their operating budget. Despite minimal impact from the coronavirus, they have taken additional cleaning precautions to ensure the safety and well-being of residents and staff. Their continued partnerships and modernization efforts demonstrate a dedication to improving the living conditions and overall experience for seniors in the Hutchinson, MN community.
This information is meant to be a general summary of Prince Of Peace Senior Apts 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: $748
- Program Service Revenue: $742,711
- Gross Receipts: $746,567
Assets and Liabilities:
- Total Assets: $5,412,592
- Total Liabilities: $3,311,309
- Net Assets: $2,101,283
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$684,239
FOOD SERVICE INCOME
Revenue
$32,591
OTHER RENTALS
Revenue
$19,433
OTHER AND TIF
Revenue
$5,248
BEAUTY SHOP INCOME
Revenue
$1,200
Organization Details
Founding Year
1993
Phone
(320) 234-7588Principal Officer
Gary Havemeier
Main Address
301 GLEN ST SW, HUTCHINSON, MN, 55350
Website
www.poprl.orgNTEE Category
Code: L22Z - Housing
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