Overview
What is Psalms Inc?
Psalms Inc, doing business as Kirby Pines Retirement Community, is a not-for-profit organization committed to providing a high-quality lifestyle for its senior residents. Established over three decades ago, Kirby Pines Retirement Community is part of Retirement Companies of America (RCA), which strives to serve seniors by offering them security, excellence, respect, and a vibrant lifestyle. The organization's mission emphasizes the importance of continued independence in the life care decision and provides residents with a quality living environment. Psalms Inc's dedication to its residents extends beyond basic needs, ensuring their emotional, physical, and social well-being as they age.
Official website here: www.kirbypines.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
Psalms Inc has received a Three-Star rating from Charity Navigator, indicating a reasonably strong performance in terms of accountability and finance. The organization has a majority of independent board members and demonstrates a solid commitment to transparency, evidenced by its audit and oversight practices. However, the notable lack of a whistleblower policy and the absence of posted financial documents on their website detracts from their overall score.
Financially, Psalms Inc shows a good program expense ratio at 78.17%, suggesting that a significant portion of its resources is directed towards its programs. However, the liabilities to assets ratio of 126.74% raises concerns about the organization’s financial stability, highlighting the need for careful management of its financial obligations.
While Psalms Inc excels in areas of board independence and fiscal oversight, the highlighted limitations in governance policies and financial transparency may warrant attention from potential donors and stakeholders. Overall, while the organization shows promise, addressing these areas could enhance its accountability and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Psalms Inc legitimate?
Psalms Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Psalms 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: $8,828,757
For more financial information, click here
Official website here: www.kirbypines.com
What is the mission statement of Psalms Inc?
Psalms Inc, operating as Kirby Pines Retirement Community, is committed to enhancing the lives of its residents by providing a high-quality living environment that prioritizes continued independence. The organization's mission is centered around offering a lifestyle of security and excellence, ensuring residents can age gracefully with dignity. With extensive experience in the senior living industry, Psalms Inc aims to serve its residents faithfully, providing them with the necessary care and respect for individuality. Their enriching environment fosters a vibrant lifestyle, catering to the needs of seniors and offering them peace of mind for the future.
Official website here: www.kirbypines.com
Who is the CEO of Psalms Inc?
Rudolf W Herzke is the President of Psalms Inc.
Official website here: www.kirbypines.com
What is the revenue of Psalms Inc?
Psalms Inc's revenue in 2022 was $26,304,402.
Official website here: www.kirbypines.com
Who are the executives of Psalms Inc and what are their salaries?
The average compensation at Psalms Inc during 2022 was $18,587. There are 475 employees and 125 volunteers at Psalms Inc.
Here are 11 key members and their salaries:
- Compensation: $52,811
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- Compensation: $12,000
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- Compensation: $104,072
- Related: $0
- Other: $0
- Compensation: $106,480
- Related: $0
- Other: $5,052
Official website here: www.kirbypines.com
Where can I find the form 990 for Psalms Inc?
Psalms Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kirbypines.com
Learn more at the official website: www.kirbypines.com
Mission Statement of Psalms Inc
Psalms Inc, also known as Kirby Pines Retirement Community, is committed to enhancing the lives of its residents by providing them with a top-notch lifestyle in a superior environment. The organization prioritizes the concept of continued independence in the decision-making process for senior living.
Situated within the mission of Psalms Inc, the dedicated team works tirelessly to create an atmosphere that emphasizes the importance of quality care and security for each resident. The retirement community, a member of Retirement Companies of America, has built a reputation in the senior living industry for its unwavering commitment to serving seniors with excellence and respect.
With extensive experience in the sector, spanning over three decades, Retirement Companies of America's mission is twofold: to faithfully serve seniors and offer them the security of a lifetime care plan. Psalms Inc, as a cherished branch of this organization, aims to uphold these values while prioritizing the independence and well-being of its residents in an enriching environment.
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Impact
October, 2024
Psalms Inc has significantly influenced the lives of seniors through its commitment to providing a high-quality lifestyle within a supportive environment. By operating the Kirby Pines Retirement Community in Memphis, Tennessee, it ensures that residents experience a secure and enriching life while emphasizing the importance of continued independence.
The LifeCare model offered at Kirby Pines allows residents to transition seamlessly through various levels of care, ensuring they receive the necessary support without sacrificing their autonomy. This approach not only addresses immediate healthcare needs but also fosters a sense of community and belonging among residents.
Moreover, with over 30 years of experience in the senior living sector, Psalms Inc has built a reputation for excellence, respect for individuality, and dedication to enhancing the quality of life for its residents. Their mission highlights the importance of living vibrantly in an environment that promotes wellness, dignity, and fulfillment, significantly impacting the well-being of seniors in the Memphis area.
This information is meant to be a general summary of Psalms 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: $162,048
- Program Service Revenue: $26,016,178
- Gross Receipts: $26,443,621
Assets and Liabilities:
- Total Assets: $74,159,973
- Total Liabilities: $93,991,568
- Net Assets: -$19,831,595
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$21,457,965
EARNED ENTRANCE FEES
Revenue
$4,558,213
Organization Details
Founding Year
1983
Phone
(901) 365-3665Principal Officer
Rudolf W Herzke
Main Address
3535 KIRBY PARKWAY, MEMPHIS, TN, 38115
Website
www.kirbypines.comNTEE Category
Code: P750 - Human services
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