Mennonite Brethren Homes, dba Palm Village Retirement Community

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 5/10/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Since 1942, Palm Village Retirement Community in Reedley, California has honored a proud history of providing a quality lifestyle and home to seniors. We offer a tiered approach to the aging process, accommodating residents' changing needs. Palm Village is licensed by the State of California as a Continuing Care Retirement Community (CCRC), meaning that we provide five levels of care including independent living, assisted living, skilled nursing, rehabilitation, dementia and Alzheimer's care.

Upon entering Palm Village, adults can reside independently in our patio homes, with 1, 2, or 3 bedrooms. This give seniors the option to live in one location for the duration of their life, with much of their future care planned out. We strive to meet the holistic needs of senior adults in a creative and progressive manner, maintaining respect, personal dignity and the desires of our residents. We strive to provide quality services at competitive prices, offered to residents on one campus without regard to race, denominational preference, or financial status within the bound of responsible stewardship. As a mission agency and 501 (c)(3) non-profit provider, we reinvest to provide quality outcomes, and assist in the support of seniors who have outlived their resources.


Contact information

Mailing address:
Palm Village Retirement Community
701 W Herbert Ave
Reedley, CA 93654

Website: palmvillage.com

Phone: 559-638-6933

Email: info@palmvillage.com


Organization details

EIN: 941201204

CEO/President: David Reimer

Chairman:

Board size: 0

Founder:

Year founded: 1954

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1990


Purpose

Every day we strive to meet the physical and emotional needs of those who trust us with their care.


Mission statement

To provide nursing, residential, personal and skilled care to all persons in need.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating283 of 93817 of 59
Fund acquisition rating429 of 94022 of 59
Resource allocation rating140 of 94013 of 59
Asset utilization rating569 of 93836 of 59

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%23%24%25%9%10%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
78%1%1%1%1%2%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
22%99%99%99%99%98%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
81%88%86%86%89%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%95%98%96%97%99%
Program output ratio Program output ratio =
Program services /
Total revenue
76%83%84%83%86%83%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%5%2%4%3%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%14%5%10%9%3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%12%14%14%11%16%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.960.850.860.830.800.82
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.723.143.533.513.934.56
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.752.673.042.913.133.76
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.230.850.800.810.750.68
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.131.181.241.231.331.48
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.82-0.80-0.96-0.95-1.26-1.52
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
14%66%67%69%72%74%
Debt ratio Debt ratio =
Debt /
Total assets
3%26%30%32%37%41%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
81%40%39%38%35%31%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$4,174,633$3,508,126$3,528,499$2,740,834$2,172,960
Receivables, inventories, prepaids$1,441,122$1,371,049$1,464,413$1,684,453$1,571,550
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$5,615,755$4,879,175$4,992,912$4,425,287$3,744,510
Long-term investments$50,000$50,000$50,000$50,000$50,000
Fixed assets$10,857,068$11,071,008$11,435,191$11,626,658$11,978,221
Other long-term assets$1,108,567$1,205,700$1,032,725$1,280,808$1,287,478
Total long-term assets$12,015,635$12,326,708$12,517,916$12,957,466$13,315,699
Total assets$17,631,390$17,205,883$17,510,828$17,382,753$17,060,209
 
Liabilities20192018201720162015
Payables and accrued expenses$1,483,132$1,050,332$1,018,540$989,186$839,332
Other current liabilities$5,137,706$5,016,569$5,122,062$4,889,731$4,684,895
Total current liabilities$6,620,838$6,066,901$6,140,602$5,878,917$5,524,227
Debt$4,555,069$5,102,777$5,625,184$6,480,000$7,000,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$445,325$288,075$229,303$164,533$137,376
Total long-term liabilities$5,000,394$5,390,852$5,854,487$6,644,533$7,137,376
Total liabilities$11,621,232$11,457,753$11,995,089$12,523,450$12,661,603
 
Net assets20192018201720162015
Without donor restrictions$6,010,158$5,748,130$5,515,739$4,859,303$4,398,556
With donor restrictions$0$0$0$0$50
Net assets$6,010,158$5,748,130$5,515,739$4,859,303$4,398,606
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$179,083$122,450$157,953$162,462$215,218
Program service revenue$15,662,749$14,995,414$14,929,282$14,113,043$13,963,958
Membership dues$0$0$0$0$0
Investment income$24,234$24,115$29,842$20,414$2,124
Other revenue$6,912$0$0$0$4
Total other revenue$15,693,895$15,019,529$14,959,124$14,133,457$13,966,086
Total revenue$15,872,978$15,141,979$15,117,077$14,295,919$14,181,304
 
Expenses20192018201720162015
Program services$13,206,668$12,696,661$12,519,009$12,363,418$11,767,396
Management and general$1,774,081$2,113,927$1,989,964$1,464,563$2,275,070
Fundraising$40,555$29,417$40,165$15,168$21,168
Total expenses$15,021,304$14,840,005$14,549,138$13,843,149$14,063,634
 
Change in net assets20192018201720162015
Surplus (deficit)$851,674$301,974$567,939$452,770$117,670
Other changes in net assets$0$0$0$0$0
Total change in net assets$851,674$301,974$567,939$452,770$117,670

Compensation

NameTitleCompensation
David K ReimerPresident and CEO$173,866
Jim HigbeeExecutive Director$160,955
Surinder KaurDirector of Nursing$138,489
Evelyn SchlesselmanHCC Administrator$103,158
Judy A GuerraHuman Resource Director$102,876

Compensation data as of: 12/31/2019


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 5/10/2021. To update the information below, please email: info@ministrywatch.com


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