Overview
What is Hollenbeck Palms?
Hollenbeck Palms is a nonprofit organization based in Los Angeles, California, providing care for the aging population. With approximately 200 members served annually, they offer various living arrangements including residential, assisted living, and skilled nursing care. The mission of Hollenbeck Palms is to create a comfortable, safe, and enjoyable environment for its elderly residents. Comprising a team of 217 employees, the organization aims to attend to their physical, mental, and spiritual needs and offers a fulfilling lifestyle filled with activities, programs, and services. Founded as the very first non-profit, licensed continuing care retirement community in California, Hollenbeck Palms is dedicated to compassionately serving its elderly residents through all stages of their lives.
Official website here: www.hollenbeckpalms.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%
Hollenbeck Palms has achieved a Four-Star out of Four Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization scored 96% overall, demonstrating exceptional standards in financial management and governance practices. This high rating is entirely derived from their accountability and finance score, highlighting their transparency and effective use of funds.
Strengths of Hollenbeck Palms include a fully independent board, meticulous financial oversight, and robust policies for conflict of interest and whistleblower protection. They have received perfect scores in various categories, such as the material diversion of assets and program expense ratios, indicating a dedication to maintaining integrity and maximizing their impact on the community.
While the data does not indicate significant limitations, the organization's financial liabilities are at 47.13%, which could suggest a need for ongoing attention to financial health. However, the strong program expense ratio of 78.48% indicates that a substantial portion of their budget is directed towards their mission-driven work. Overall, Hollenbeck Palms demonstrates responsible stewardship of resources, making it a reputable nonprofit in its field.
This AI summary has been generated from information found on Charity Navigator.
Is Hollenbeck Palms legitimate?
Hollenbeck Palms is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hollenbeck Palms 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: $814,419
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,450,031
For more financial information, click here
Official website here: www.hollenbeckpalms.com
What is the mission statement of Hollenbeck Palms?
Hollenbeck Palms is dedicated to offering a nurturing living environment for individuals in their later years. The non-profit community focuses on providing a comfortable, secure, and enjoyable residence that caters to the physical, mental, and spiritual needs of its residents. Hollenbeck Palms offers various living arrangements including residential, assisted living, and skilled nursing care, ensuring that its members receive appropriate care as their needs change. Throughout the year, the community provided services to around 200 people, aiming to enhance their lives with an enriching lifestyle filled with activities, programs, and services.
Official website here: www.hollenbeckpalms.com
Who is the CEO of Hollenbeck Palms?
Morris Shockley is the Board Chair of Hollenbeck Palms. The CEO's salary of Hollenbeck Palms is $219,194 and their total compensation is $241,277.
Official website here: www.hollenbeckpalms.com
What is the revenue of Hollenbeck Palms?
Hollenbeck Palms's revenue in 2022 was $21,479,111.
Official website here: www.hollenbeckpalms.com
Who are the executives of Hollenbeck Palms and what are their salaries?
The average compensation at Hollenbeck Palms during 2022 was $38,085. There are 217 employees and 8 volunteers at Hollenbeck Palms.
Here are 16 key members and their salaries (Hollenbeck Palms's CEO's salary is $219,194 and their total compensation is $241,277):
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- Compensation: $219,194
- Related: $0
- Other: $22,083
- Compensation: $78,252
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- Other: $2,603
- Compensation: $149,196
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- Other: $28,024
- Compensation: $185,742
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- Other: $20,344
- Compensation: $160,478
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- Other: $2,917
- Compensation: $148,393
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- Other: $13,953
- Compensation: $130,301
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- Other: $6,644
- Compensation: $127,578
- Related: $0
- Other: $3,172
Official website here: www.hollenbeckpalms.com
Where can I find the form 990 for Hollenbeck Palms?
Hollenbeck Palms's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hollenbeckpalms.com
Learn more at the official website: www.hollenbeckpalms.com
Mission Statement of Hollenbeck Palms
Hollenbeck Palms, a leading non-profit organization, is dedicated to creating a nurturing environment for the elderly. With great compassion, dignity, and love, this community provides residential, assisted living, and skilled nursing care arrangements to its members. By offering a variety of activities, programs, and services, Hollenbeck Palms ensures its residents experience a fulfilling lifestyle, catering to their physical, mental, and spiritual needs at every stage of their lives.
The mission of Hollenbeck Palms is to establish a residence that encompasses a healthy and comfortable environment, ensuring safety and enjoyment for its aging population. This community goes beyond the basic necessities of care, focusing on fostering a sense of belonging and well-being. Throughout the year, Hollenbeck Palms caters to approximately 200 members, providing them with the essential care and support they require to thrive.
In the tranquil surroundings of Hollenbeck Palms, older adults are offered a chance to live their later years with respect and dignity. The organization is committed to providing a lifestyle that enhances the overall well-being of its members, offering them peace of mind and a sense of security. By maintaining a warm and welcoming atmosphere, Hollenbeck Palms becomes more than just a care facility; it becomes a home where the elderly can live out their days with grace and dignity.
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Impact
October, 2024
Hollenbeck Palms significantly enriches the lives of elderly residents in Los Angeles by providing a continuum of care that includes residential, assisted living, and skilled nursing services. With a focus on compassion, dignity, and genuine love, it creates an environment that prioritizes the well-being of its members. Approximately 200 individuals benefit from its programs and services each year, ensuring they have access to the care they need at various stages of their lives.
The community promotes a rewarding lifestyle filled with activities designed to engage residents mentally and socially, which is vital for their overall happiness and fulfillment. Hollenbeck Palms is committed to creating a safe and comfortable living space that addresses the physical, mental, and spiritual needs of its residents, fostering a sense of belonging and community. This holistic approach not only meets basic care requirements but also actively contributes to enhancing the quality of life for the aging population it serves.
This information is meant to be a general summary of Hollenbeck Palms. 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: $5,100,383
- Program Service Revenue: $15,467,949
- Gross Receipts: $31,718,011
Assets and Liabilities:
- Total Assets: $86,831,720
- Total Liabilities: $41,854,153
- Net Assets: $44,977,567
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SKILLED NURSING/RESIDENTIAL
Revenue
$10,682,715
MEDICARE/MEDICAID
Revenue
$4,785,234
Organization Details
Founding Year
2001
Phone
(323) 263-6195Principal Officer
Morris Shockley
Main Address
573 SOUTH BOYLE AVENUE, LOS ANGELES, CA, 90033
Website
www.hollenbeckpalms.comNTEE Category
Code: L22 - Housing
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