Overview
What is Presbyterian Homes Inc?
Presbyterian Homes Inc, doing business as Brightspire, is a North Carolina-based nonprofit organization located at 2109 Sandy Ridge Road, Colfax, NC, 27235. They provide residential assisted living and nursing care for approximately 855 senior adult residents. Brightspire aims to create a vibrant and diverse culture, offering security and enhancing quality of life through comprehensive housing and services. Their mission is to honor God by enriching the lives and touching the hearts of those they serve, focusing on the physical, intellectual, social, and spiritual well-being of senior adults. Brightspire employs a total of 1387 individuals, and their offerings include housekeeping, food service, medical support, and other essential services within a continuous care community.
Official website here: www.brightspire.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
Presbyterian Homes Inc has received a Three-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. The organization scored 83% overall, with a perfect score on several governance aspects, such as having a fully independent board and comprehensive financial oversight policies. These factors indicate a commitment to maintaining transparency and responsible management of resources.
The nonprofit excels in several areas, including its program expense ratio of 76.84%, which demonstrates a significant portion of its funds being allocated directly to programs rather than administrative costs. Additionally, the presence of robust policies related to conflict of interest and whistleblower protections further signals responsible operational practices.
However, the organization has room for improvement regarding its liabilities to assets ratio, which received a lower score of 2 out of 15 points. This suggests potential concerns about financial stability that stakeholders may want to consider. Overall, Presbyterian Homes Inc shows strong governance and effective use of resources but should address its financial ratios for a more balanced standing.
This AI summary has been generated from information found on Charity Navigator.
Is Presbyterian Homes Inc legitimate?
Presbyterian Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian Homes 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: $2,567,020
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,616,961
For more financial information, click here
Official website here: www.brightspire.org/
What is the mission statement of Presbyterian Homes Inc?
The Presbyterian Homes Inc, operating under the name BrightSpires, strives to create a vibrant and diverse culture that prioritizes the security and enhanced quality of life for senior adults. Their mission is rooted in honoring God and enriching the lives of those they serve. BrightSpires offers senior adults caring and high-quality services to support their physical, intellectual, social, and spiritual well-being. Their residential assisted living and nursing care facilities accommodate approximately 855 residents, with offerings such as housekeeping, food service, and medical and other support services within a continuing care community.
Official website here: www.brightspire.org/
Who is the CEO of Presbyterian Homes Inc?
Timothy J Webster is the Principal Officer of Presbyterian Homes Inc. The CEO's salary of Presbyterian Homes Inc is $495,155 and their total compensation is $517,643.
Official website here: www.brightspire.org/
What is the revenue of Presbyterian Homes Inc?
Presbyterian Homes Inc's revenue in 2022 was $60,268,413.
Official website here: www.brightspire.org/
Who are the executives of Presbyterian Homes Inc and what are their salaries?
The average compensation at Presbyterian Homes Inc during 2022 was $16,715. There are 1387 employees and 218 volunteers at Presbyterian Homes Inc.
Here are 26 key members and their salaries (Presbyterian Homes Inc's CEO's salary is $495,155 and their total compensation is $517,643):
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- Compensation: $495,155
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- Other: $22,488
- Compensation: $296,301
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- Compensation: $359,875
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- Other: $8,797
- Compensation: $193,221
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- Other: $20,150
- Compensation: $178,397
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- Other: $17,002
Official website here: www.brightspire.org/
Where can I find the form 990 for Presbyterian Homes Inc?
Presbyterian Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brightspire.org/
Learn more at the official website: www.brightspire.org/
Mission Statement of Presbyterian Homes Inc
Presbyterian Homes Inc, also known as Brightspire, is a mission-driven organization dedicated to enriching the lives and touching the hearts of senior adults. With a vision to create an innovative and vibrant culture, Presbyterian Homes provides security and enhances quality of life for approximately 855 senior residents.
The Presbyterian Homes team is committed to honoring God by delivering caring and high-quality services, catering to the physical, intellectual, social, and spiritual well-being of its residents. Their offerings encompass residential assisted living and nursing care, ensuring that essential services such as housekeeping, food service, and medical support are all readily available in a continuing care community.
Brightspire goes beyond the basic necessities, prioritizing the overall well-being of its senior residents. Through their compassionate approach, they foster a sense of community and belonging, helping each individual lead a fulfilling and engaging life. This dedication to enhancing the lives of senior adults is at the heart of the Presbyterian Homes' mission.
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Impact
October, 2024
Presbyterian Homes Inc, operating as Brightspire, plays a significant role in enhancing the quality of life for senior adults in Colfax, NC. With the capacity to serve approximately 855 residents, it offers a continuum of care that includes residential assisted living and nursing services. Brightspire provides essential support through housekeeping, food service, medical, and various other services tailored to meet the diverse needs of seniors.
Their vision fosters an innovative and vibrant culture that prioritizes security and well-being, ensuring that residents not only receive necessary care but also enjoy a fulfilling lifestyle. The organization’s mission to enrich lives and touch hearts reflects a holistic approach, addressing the physical, intellectual, social, and spiritual needs of those they serve. This comprehensive focus on resident care and community fosters a sense of belonging and dignity among seniors, significantly impacting their overall quality of life.
This information is meant to be a general summary of Presbyterian Homes 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: $2,682,390
- Program Service Revenue: $55,417,188
- Gross Receipts: $64,811,885
Assets and Liabilities:
- Total Assets: $239,360,172
- Total Liabilities: $161,459,238
- Net Assets: $77,900,934
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICE FEES
Revenue
$43,121,083
AMORTIZED ENTRY FEES
Revenue
$8,471,305
MANAGEMENT FEES
Revenue
$2,709,084
ANCILLARY SERVICES
Revenue
$850,082
FOOD SERVICE INCOME
Revenue
$265,634
Organization Details
Founding Year
1942
Phone
(336) 886-6553Principal Officer
Timothy J Webster
Main Address
2109 SANDY RIDGE ROAD, COLFAX, NC, 27235
Website
www.brightspire.org/NTEE Category
Code: P750 - Human services
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