Overview
What is Presbyterian Communities Of South Carolina?
Presbyterian Communities of South Carolina is a not-for-profit continuing care retirement community affiliated with the Presbyterian Church (USA). Located in various places across South Carolina, they provide independent living accommodations, assisted living, and skilled nursing for seniors. Their mission is to enrich the quality of life for seniors of all faiths. In 2021 and 2022, they served an average of 928 residents monthly, offering financial assistance to those in need. The financial subsidy totaled $1.73 million over the two years, benefiting 39 residents. The organization, employing 1,365 individuals, operates with a compassionate Christian ministry approach.
Official website here: www.preshomesc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%
Presbyterian Communities of South Carolina has achieved a Two-Star out of Four Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. While the organization demonstrates strong governance with a fully independent board and robust audit practices, some critical areas, such as the absence of a whistleblower and document retention policy, have negatively impacted its overall score.
The organization shows a solid commitment to its mission, as evidenced by a program expense ratio of 72.37%, which suggests that a significant portion of its funds is directed towards program services. However, the liabilities to assets ratio of 83.66% raises concerns about financial stability, indicating that the organization may have higher liabilities compared to its assets.
Overall, while Presbyterian Communities of South Carolina has strengths in its governance structure and program funding, the identified gaps in policy documentation and financial ratios warrant attention for improving its financial health and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Presbyterian Communities Of South Carolina legitimate?
Presbyterian Communities Of South Carolina is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian Communities Of South Carolina 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: $763,355
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,846,758
For more financial information, click here
Official website here: www.preshomesc.org
What is the mission statement of Presbyterian Communities Of South Carolina?
The Presbyterian Communities of South Carolina is a not-for-profit organization affiliated with the Presbyterian Church (USA). Its mission is grounded in Christian values and dedication towards enriching the lives of seniors of all faiths. As a compassionate ministry, it aims to provide various lifestyle choices to cater to the diverse and evolving needs of today's seniors. Their goal is to positively impact the quality of life for these individuals, focusing on their overall well-being.
Official website here: www.preshomesc.org
Who is the CEO of Presbyterian Communities Of South Carolina?
L Franklin Fant is the Principal Officer of Presbyterian Communities Of South Carolina. The CEO's salary of Presbyterian Communities Of South Carolina is $333,310 and their total compensation is $347,628.
Official website here: www.preshomesc.org
What is the revenue of Presbyterian Communities Of South Carolina?
Presbyterian Communities Of South Carolina's revenue in 2022 was $64,282,082.
Official website here: www.preshomesc.org
Who are the executives of Presbyterian Communities Of South Carolina and what are their salaries?
The average compensation at Presbyterian Communities Of South Carolina during 2022 was $18,762. There are 1365 employees and 50 volunteers at Presbyterian Communities Of South Carolina.
Here are 22 key members and their salaries (Presbyterian Communities Of South Carolina's CEO's salary is $333,310 and their total compensation is $347,628):
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- Compensation: $333,310
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- Compensation: $140,622
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- Other: $4,070
- Compensation: $140,727
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- Other: $5,370
Official website here: www.preshomesc.org
Where can I find the form 990 for Presbyterian Communities Of South Carolina?
Presbyterian Communities Of South Carolina's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.preshomesc.org
Learn more at the official website: www.preshomesc.org
Mission Statement of Presbyterian Communities Of South Carolina
Presbyterian Communities of South Carolina, a not-for-profit organization associated with the Presbyterian Church (USA), is dedicated to enriching the lives of seniors of all faiths. With a compassionate Christian ministry at its core, this community offers a variety of lifestyle choices to cater to the diverse and evolving needs of today's seniors.
The mission of Presbyterian Communities of South Carolina is focused on enhancing the quality of life for its senior residents. It is a continuing care retirement community that goes beyond providing basic needs, aiming to create a nurturing and supportive environment for its members. The organization's commitment to its mission statement is evident in its dedication to caring for seniors with kindness and respect, ensuring their spiritual, emotional, and physical well-being is prioritized.
Presbyterian Communities of South Carolina offers an array of services and amenities designed to meet the diverse and changing needs of its residents. By promoting an active and engaged lifestyle, the community provides opportunities for social interaction, intellectual growth, and personal development. Whether it's through religious services, fitness programs, or educational workshops, the organization creates an inclusive and welcoming atmosphere where seniors can thrive and live their best lives.
In essence, Presbyterian Communities of South Carolina is more than just a retirement community; it is a compassionate ministry committed to the well-being of its senior residents. It is a place where seniors can find companionship, support, and opportunities for personal growth, all while being surrounded by a community that values and respects their unique journey in life.
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Impact
October, 2024
Presbyterian Communities of South Carolina enriches the lives of seniors through a compassionate approach to care, offering a continuum of services that caters to their diverse and changing needs. With five retirement communities across the state, they provide options for independent living, assisted living, and skilled nursing, ensuring a supportive environment for residents.
In 2022, they served an average of 928 residents each month, demonstrating a significant impact on the senior community. Additionally, the organization extends its mission beyond standard care by offering financial assistance to those in need. In 2022, they provided nearly $1.04 million in financial subsidies to support 22 residents who had exhausted their resources, illustrating their commitment to inclusivity and care for all seniors, regardless of their financial situation.
By dedicating their efforts to enhancing quality of life and providing essential services, Presbyterian Communities of South Carolina not only meets the immediate needs of seniors but also fosters a sense of community and belonging among residents of all faiths.
This information is meant to be a general summary of Presbyterian Communities Of South Carolina. 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: $189,342
- Program Service Revenue: $62,902,649
- Gross Receipts: $64,307,962
Assets and Liabilities:
- Total Assets: $169,328,957
- Total Liabilities: $141,669,742
- Net Assets: $27,659,215
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICE REVENUE
Revenue
$59,724,461
AMORTIZATION OF FEES
Revenue
$2,795,587
BEAUTY SHOP
Revenue
$218,740
LAB REVENUE
Revenue
$91,658
MEALS AND CATERING REVENUE
Revenue
$72,203
Organization Details
Founding Year
1954
Phone
(803) 772-5885Principal Officer
L Franklin Fant
Main Address
2817 ASHLAND ROAD, COLUMBIA, SC, 29210
Website
www.preshomesc.orgNTEE Category
Code: P750 - Human services
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