Overview
What is Preservation Freehold Company?
Preservation Freehold Company is a prominent charitable organization based in Lewisville, Texas, dedicated to alleviating distress by providing housing tailored to the unique physical, social, and civic needs of the elderly population. By promoting their dignity and overall well-being, the company operates exclusively for charitable purposes, as defined under Section 501(C)(3) of the Internal Revenue Code. Mainly, they achieve their goals by managing nonprofit healthcare facilities and senior living communities, either directly or through affiliated entities. With a significant workforce of over five thousand employees, Preservation Freehold Company aims to improve the living conditions and overall quality of life for the elderly population.
Is Preservation Freehold Company legitimate?
Preservation Freehold Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preservation Freehold Company 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.
Here are some key statistics you may want to consider:
Executive Compensation: $201,406
Professional Fundraising Fees: $0
Other Salaries and Wages: $96,705,215
For more financial information, click here
Mission Statement of Preservation Freehold Company
Preservation Freehold Company, a charitable organization, is dedicated to alleviating distress and improving the lives of the elderly. By designing and providing housing tailored to the unique physical, social, and civic needs of this demographic, the corporation ensures the continued dignity and well-being of its residents. Operating under Section 501(c)(3) of the Internal Revenue Code, Preservation Freehold Company's mission is exclusively charitable and educational.
To achieve its goals, Preservation Freehold Company primarily focuses on owning and managing nonprofit healthcare facilities and senior living communities. This approach allows it to make a significant difference in the lives of the elderly, providing them with a safe and supportive environment designed to address their specific needs. By prioritizing the well-being of its residents, Preservation Freehold Company is able to promote a sense of community, engagement, and overall improvement in the quality of life for the elderly population it serves.
In essence, Preservation Freehold Company is a beacon of hope for the elderly, offering them a chance to live in dignified and comfortable surroundings that cater to their unique requirements. The organization's commitment to charitable purposes and the operation of healthcare facilities and senior living communities is essential in ensuring the elderly population receives the care and attention they deserve, promoting their continued well-being and dignity.
Impact
This information is meant to be a general summary of Preservation Freehold Company. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Preservation Freehold Company has made a significant impact by providing housing specifically designed to meet the physical, social, and civic needs of the elderly while promoting their continued dignity and well-being. Through the ownership and operation of health care facilities and senior living communities, Preservation Freehold Company has been able to relieve distress and improve the quality of life for its residents. Its mission to serve the elderly in a charitable and educational manner aligns with its goal of creating a supportive environment that enhances the lives of its residents.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROOM & BOARD
Revenue
$123,299,536
MEDICAL SERVICES
Revenue
$44,496,198
RENTAL INCOME
Revenue
$23,709,606
MANAGEMENT FEES
Revenue
$5,137,988
COVID TESTING
Revenue
$91
Organization Details
Founding Year
2009
Phone
(214) 725-2837
Principal Officer
James M Chance
Main Address
1500 WATERS RIDGE DRIVE 100, LEWISVILLE, TX, 75057
NTEE Category
Code: L20 - Housing
If you are a representative of Preservation Freehold Company and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.