Overview
What is Phs Apple Valley Senior Housing Inc?
Phs Apple Valley Senior Housing Inc is a nonprofit organization situated in Roseville, Minnesota, specifically at 2845 N Hamline Ave, 55113. Their primary mission is to honor God by enhancing the lives and connecting with the hearts of older adults. They currently manage 115 independent living apartments, 58 assisted living, and 20 assisted memory care apartments in Apple Valley, Minnesota. The organization is expanding its offerings with the construction of an additional 60 independent living units, scheduled to open in fall 2023. Their facilities cater to older adults, providing various levels of assistance to meet their diverse needs.
Official website here: www.preshomes.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 66% (Two-Star out of Four Star Rating)**
Phs Apple Valley Senior Housing Inc has received a Two-Star rating from Charity Navigator, primarily due to its accountability and finance score of 66%. This rating indicates a need for improvement in the organization’s governance, particularly highlighted by the fact that it has no independent board members. While the organization has strong financial oversight practices, such as an active audit committee and a comprehensive whistleblower policy, its liabilities exceed its assets, which raises some concerns regarding financial stability.
While the program expense ratio is relatively high at 86.99%, reflecting a significant amount of funds directed toward its mission, the absence of independent board members is a notable weakness. The organization also lacks public access to its financial information, as its tax form is not posted on its website, which diminishes transparency. The overall governance and financial practices suggest that while the organization is committed to providing services, there are structural improvements needed.
Not Available.
This AI summary has been generated from information found on Charity Navigator.
Is Phs Apple Valley Senior Housing Inc legitimate?
Phs Apple Valley Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phs Apple Valley Senior Housing 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: $2,305,673
For more financial information, click here
Official website here: www.preshomes.org
What is the mission statement of Phs Apple Valley Senior Housing Inc?
Phs Apple Valley Senior Housing Inc's mission is centered around honoring God. This organization strives to enhance the lives of older adults and connect with their hearts on a deeper level. Their activities are guided by this mission, aiming to enrich the lives of those in their care. The organization currently operates various types of senior living units, including independent living apartments, assisted living, and memory care apartments. They are also in the process of expanding their independent living units, set to open in the fall of 2023.
Official website here: www.preshomes.org
Who is the CEO of Phs Apple Valley Senior Housing Inc?
Mark Meyer is the Board Chair/Ceo of Phs Apple Valley Senior Housing Inc. The CEO's salary of Phs Apple Valley Senior Housing Inc is $0 and their total compensation is $943,678.
Official website here: www.preshomes.org
What is the revenue of Phs Apple Valley Senior Housing Inc?
Phs Apple Valley Senior Housing Inc's revenue in 2022 was $9,176,159.
Official website here: www.preshomes.org
Who are the executives of Phs Apple Valley Senior Housing Inc and what are their salaries?
There 38 volunteers at Phs Apple Valley Senior Housing Inc.
Here are 5 key members and their salaries (Phs Apple Valley Senior Housing Inc's CEO's salary is $0 and their total compensation is $943,678):
- Compensation: $0
- Related: $919,741
- Other: $23,937
- Compensation: $0
- Related: $445,702
- Other: $27,414
- Compensation: $0
- Related: $347,973
- Other: $20,328
- Compensation: $0
- Related: $323,989
- Other: $27,414
- Compensation: $0
- Related: $323,872
- Other: $19,541
Official website here: www.preshomes.org
Where can I find the form 990 for Phs Apple Valley Senior Housing Inc?
Phs Apple Valley Senior Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.preshomes.org
Learn more at the official website: www.preshomes.org
Mission Statement of Phs Apple Valley Senior Housing Inc
Phs Apple Valley Senior Housing Inc, a nonprofit organization, is committed to enriching the lives and touching the hearts of older adults. Their mission is deeply rooted in honoring God and extends beyond providing basic amenities. The organization strives to create an environment where older adults can feel valued and cared for, fostering a sense of community and improving their overall quality of life. Through their various living options, including 115 independent living apartments, 58 assisted living, and 20 assisted memory care apartments, Phs Apple Valley Senior Housing Inc caters to a wide range of needs, ensuring that every resident feels supported and empowered. Currently, the organization is expanding its services, with plans to open an additional 60 independent living units in the fall of 2023. This expansion underscores Phs Apple Valley Senior Housing Inc's dedication to meeting the evolving needs of older adults and enhancing their living experiences.
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Impact
July, 2024
Phs Apple Valley Senior Housing Inc enriches the lives of older adults by providing a range of housing options tailored to their needs. This organization operates a sizable number of independent living, assisted living, and memory care apartments in Apple Valley, Minnesota. By offering these services, Phs Apple Valley Senior Housing Inc ensures that older adults have access to quality accommodation and care, promoting their well-being and comfort. Furthermore, their plans for expansion indicate a commitment to meeting the growing demand for senior housing in the community, thereby making a significant impact on the lives of older adults in the region.
This information is meant to be a general summary of Phs Apple Valley Senior Housing 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: $46,907
- Program Service Revenue: $8,903,814
- Gross Receipts: $9,176,159
Assets and Liabilities:
- Total Assets: $74,662,907
- Total Liabilities: $76,849,296
- Net Assets: -$2,186,389
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$8,903,814
Organization Details
Founding Year
2016
Phone
(651) 631-6162Principal Officer
Mark Meyer
Main Address
2845 N HAMLINE AVE, ROSEVILLE, MN, 55113
Website
www.preshomes.orgNTEE Category
Code: L22 - Housing
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