Mennonite Brethren Homes, dba Palm Village Retirement Community 
The information on this page was last updated 11/30/2022. If you see errors or omissions, please email: [email protected]
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
703 W Herbert Ave
Reedley, CA 93654
Website: palmvillage.com
Phone: 559-638-6933
Email: [email protected]
Organization details
EIN: 941201204
CEO/President: David Reimer
Chairman:
Board size: 0
Founder:
Ruling year: 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
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 267 of 1091 | 39 of 142 |
| Fund acquisition rating | | 533 of 1094 | 59 of 142 |
| Resource allocation rating | | 143 of 1094 | 30 of 142 |
| Asset utilization rating | | 497 of 1091 | 67 of 142 |
Financial ratios
| Funding ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 7% | 0% | 11% | 23% | 24% | 25% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 0% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 92% | 0% | 2% | 1% | 1% | 1% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 0% | 0% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 8% | 100% | 98% | 99% | 99% | 99% |
| Operating ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 88% | 87% | 88% | 86% | 86% |
Spending ratio Spending ratio = Total expenses / Total revenue | 90% | 94% | 97% | 95% | 98% | 96% |
Program output ratio Program output ratio = Program services / Total revenue | 72% | 83% | 85% | 83% | 84% | 83% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 10% | 6% | 3% | 5% | 2% | 4% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 13% | 14% | 8% | 14% | 5% | 10% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 12% | 12% | 12% | 14% | 14% |
| Investing ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.86 | 0.93 | 0.84 | 0.85 | 0.86 | 0.83 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.63 | 3.65 | 2.94 | 3.14 | 3.53 | 3.51 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.55 | 3.38 | 2.47 | 2.67 | 3.04 | 2.91 |
| Liquidity ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Current ratio Current ratio = Total current assets / Total current liabilities | 16.96 | 0.81 | 1.06 | 0.85 | 0.80 | 0.81 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.06 | 1.24 | 0.94 | 1.18 | 1.24 | 1.23 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.94 | -0.84 | 0.29 | -0.80 | -0.96 | -0.95 |
| Solvency ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 9% | 57% | 67% | 66% | 67% | 69% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 22% | 33% | 26% | 30% | 32% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 104% | 46% | 40% | 40% | 39% | 38% |
Financials
| Balance sheet | |||||
| Assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Cash | $3,301,572 | $4,399,480 | $4,174,633 | $3,508,126 | $3,528,499 |
| Receivables, inventories, prepaids | $1,218,865 | $1,858,778 | $1,441,122 | $1,371,049 | $1,464,413 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $4,520,437 | $6,258,258 | $5,615,755 | $4,879,175 | $4,992,912 |
| Long-term investments | $0 | $50,000 | $50,000 | $50,000 | $50,000 |
| Fixed assets | $10,437,382 | $10,703,471 | $10,857,068 | $11,071,008 | $11,435,191 |
| Other long-term assets | $1,538,956 | $1,403,834 | $1,108,567 | $1,205,700 | $1,032,725 |
| Total long-term assets | $11,976,338 | $12,157,305 | $12,015,635 | $12,326,708 | $12,517,916 |
| Total assets | $16,496,775 | $18,415,563 | $17,631,390 | $17,205,883 | $17,510,828 |
| Liabilities | 2021 | 2020 | 2019 | 2018 | 2017 |
| Payables and accrued expenses | $732,875 | $917,136 | $1,483,132 | $1,050,332 | $1,018,540 |
| Other current liabilities | $4,855,384 | $4,968,308 | $5,137,706 | $5,016,569 | $5,122,062 |
| Total current liabilities | $5,588,259 | $5,885,444 | $6,620,838 | $6,066,901 | $6,140,602 |
| Debt | $3,596,319 | $6,061,400 | $4,555,069 | $5,102,777 | $5,625,184 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $291,711 | $308,228 | $445,325 | $288,075 | $229,303 |
| Total long-term liabilities | $3,888,030 | $6,369,628 | $5,000,394 | $5,390,852 | $5,854,487 |
| Total liabilities | $9,476,289 | $12,255,072 | $11,621,232 | $11,457,753 | $11,995,089 |
| Net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Without donor restrictions | $6,990,486 | $6,126,040 | $6,010,158 | $5,748,130 | $5,515,739 |
| With donor restrictions | $30,000 | $34,451 | $0 | $0 | $0 |
| Net assets | $7,020,486 | $6,160,491 | $6,010,158 | $5,748,130 | $5,515,739 |
| Revenues and expenses | |||||
| Revenue | 2021 | 2020 | 2019 | 2018 | 2017 |
| Total contributions | $0 | $341,405 | $179,083 | $122,450 | $157,953 |
| Program service revenue | $14,587,643 | $14,777,952 | $15,662,749 | $14,995,414 | $14,929,282 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $17,885 | $23,142 | $24,234 | $24,115 | $29,842 |
| Other revenue | $1,656,589 | $771,579 | $6,912 | $0 | $0 |
| Total other revenue | $16,262,117 | $15,572,673 | $15,693,895 | $15,019,529 | $14,959,124 |
| Total revenue | $16,262,117 | $15,914,078 | $15,872,978 | $15,141,979 | $15,117,077 |
| Expenses | 2021 | 2020 | 2019 | 2018 | 2017 |
| Program services | $13,449,010 | $13,495,783 | $13,206,668 | $12,696,661 | $12,519,009 |
| Management and general | $1,778,689 | $1,901,646 | $1,774,081 | $2,113,927 | $1,989,964 |
| Fundraising | $42,628 | $37,849 | $40,555 | $29,417 | $40,165 |
| Total expenses | $15,270,327 | $15,435,278 | $15,021,304 | $14,840,005 | $14,549,138 |
| Change in net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Surplus (deficit) | $991,790 | $478,800 | $851,674 | $301,974 | $567,939 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $991,790 | $478,800 | $851,674 | $301,974 | $567,939 |
Compensation
Compensation data for this ministry has not been collected.
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 11/30/2022. To update the information below, please email: [email protected]