Overview
What is Bvm-Phs Senior Housing Inc?
Bvm-Phs Senior Housing Inc is a nonprofit organization located in Roseville, Minnesota, currently under construction with plans to expand in January 2023. The initial phase of their project, now operational, includes 21 memory care assisted living apartments and 40 traditional assisted living units, alongside 60 skilled nursing facility beds. The upcoming phase II will add 116 independent living apartments. Their mission, deeply rooted in faith, is to honor God by enriching the lives and touching the hearts of older adults.
Official website here: www.preshomes.org
What are the reviews and ratings of this charity?
Bvm-Phs Senior Housing Inc has received an 81% rating from Charity Navigator, which translates to a Three-Star out of Four Stars designation. This score is primarily based on the charity's accountability and financial practices. The organization exhibits strong governance, represented by a fully independent board and a solid track record in financial audits. However, it faces some limitations, notably the absence of its tax form on its website, which negatively impacts transparency.
The organization demonstrates a commendable program expense ratio of 85.85%, indicating that a significant portion of its expenses directly contribute to its mission. Despite the strengths in accountability, the liabilities to assets ratio is a concern at 91.10%, which suggests potential financial stability issues that may require attention.
User reviews from GreatNonprofits were not available, so public sentiment on this organization’s work cannot be assessed at this time. Overall, while Bvm-Phs Senior Housing Inc shows a commitment to integrity and program efficiency, it should enhance its financial transparency to bolster trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Bvm-Phs Senior Housing Inc legitimate?
Bvm-Phs Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bvm-Phs 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: $4,799,355
For more financial information, click here
Official website here: www.preshomes.org
What is the mission statement of Bvm-Phs Senior Housing Inc?
Bvm-Phs Senior Housing Inc's mission is centered around honoring God by enriching the lives and touching the hearts of older adults. This mission is carried out by providing a nurturing environment that caters to the needs of senior citizens, offering both memory care assisted living and traditional assisted living apartments. The organization also includes skilled nursing facility beds, with plans to expand in the future by adding independent living apartments. This expansion, scheduled for January 2023, will further enhance the services provided to older adults, aiming to improve their quality of life.
Official website here: www.preshomes.org
Who is the CEO of Bvm-Phs Senior Housing Inc?
Mark Meyer is the Campus Admin of Bvm-Phs Senior Housing Inc. The CEO's salary of Bvm-Phs Senior Housing Inc is $0 and their total compensation is $0.
Official website here: www.preshomes.org
What is the revenue of Bvm-Phs Senior Housing Inc?
Bvm-Phs Senior Housing Inc's revenue in 2022 was $9,484,567.
Official website here: www.preshomes.org
Who are the executives of Bvm-Phs Senior Housing Inc and what are their salaries?
Here are 5 key members and their salaries (Bvm-Phs Senior Housing Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $103,518
- Related: $0
- Other: $5,171
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.preshomes.org
Where can I find the form 990 for Bvm-Phs Senior Housing Inc?
Bvm-Phs 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 Bvm-Phs Senior Housing Inc
Bvm-Phs Senior Housing Inc, with a mission to honor God, aims to enrich the lives and touch the hearts of older adults. This nonprofit organization, through its mission, seeks to create an environment that fosters love and compassion towards the elderly. By providing care and support, Bvm-Phs Senior Housing Inc strives to make a significant impact on the lives of older adults, enriching their experiences and touching their hearts in a meaningful way. The organization's mission is a testament to its commitment to the well-being and happiness of older adults, offering them a sense of belonging and care in their later years.
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Impact
July, 2024
Bvm-Phs Senior Housing Inc's impact is providing much-needed care and support for older adults in the Dubuque, Iowa area. Their mission to honor God by enriching lives and touching hearts is reflected in the services they provide, including memory care assisted living, traditional assisted living, and skilled nursing facility beds. The ongoing construction of Phase II, which will add independent living apartments, demonstrates their commitment to meeting the evolving needs of the senior community. By offering a range of housing options and care services, Bvm-Phs Senior Housing Inc is positively impacting the lives of older adults and their families.
This information is meant to be a general summary of Bvm-Phs 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: $931
- Program Service Revenue: $9,223,457
- Gross Receipts: $9,533,514
Assets and Liabilities:
- Total Assets: $79,583,210
- Total Liabilities: $72,503,515
- Net Assets: $7,079,695
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SENIOR CARE SERVICES
Revenue
$9,223,457
Organization Details
Founding Year
2018
Phone
(651) 631-6162Principal Officer
Mark Meyer
Main Address
2845 N HAMLINE AVE, ROSEVILLE, MN, 55113
Website
www.preshomes.orgNTEE Category
Code: E91 - Health
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