Mennonite Brethren Homes, dba Palm Village Retirement Community 
The information on this page was last updated 12/22/2023. If you see errors or omissions, please email: [email protected]
Summary
A retirement community offering independent living, residential care, and skilled nursing services to area seniors. Palm Village Retirement Community is a mission agency of five area Mennonite Brethren Churches. Palm Village Retirement Community offers services to seniors of all faiths. In order to provide continuing care to residents who have out-lived their income, Palm Village seeks current gifts as well as planned gifts.
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: Jim Higbee
Chairman: Rachel Uyeda
Board size: 7
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 | | 178 of 1118 | 16 of 122 |
| Fund acquisition rating | | 532 of 1119 | 50 of 122 |
| Resource allocation rating | | 154 of 1119 | 19 of 122 |
| Asset utilization rating | | 303 of 1118 | 31 of 122 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 0% | 0% | 11% | 23% | 24% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 0% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 0% | 0% | 2% | 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 | 7% | 100% | 100% | 98% | 99% | 99% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 89% | 88% | 87% | 88% | 86% |
Spending ratio Spending ratio = Total expenses / Total revenue | 98% | 109% | 94% | 97% | 95% | 98% |
Program output ratio Program output ratio = Program services / Total revenue | 81% | 97% | 83% | 85% | 83% | 84% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 2% | -9% | 6% | 3% | 5% | 2% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | -26% | 14% | 8% | 14% | 5% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 10% | 12% | 12% | 12% | 14% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.88 | 1.13 | 0.93 | 0.84 | 0.85 | 0.86 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.76 | 4.21 | 3.65 | 2.94 | 3.14 | 3.53 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.77 | 4.76 | 3.38 | 2.47 | 2.67 | 3.04 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 15.15 | 0.57 | 0.81 | 1.06 | 0.85 | 0.80 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 1.76 | 1.24 | 0.94 | 1.18 | 1.24 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.99 | -1.92 | -0.84 | 0.29 | -0.80 | -0.96 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 63% | 57% | 67% | 66% | 67% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 18% | 22% | 33% | 26% | 30% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 98% | 32% | 46% | 40% | 40% | 39% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $1,588,950 | $3,301,572 | $4,399,480 | $4,174,633 | $3,508,126 |
| Receivables, inventories, prepaids | $2,039,438 | $1,218,865 | $1,858,778 | $1,441,122 | $1,371,049 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $3,628,388 | $4,520,437 | $6,258,258 | $5,615,755 | $4,879,175 |
| Long-term investments | $0 | $0 | $50,000 | $50,000 | $50,000 |
| Fixed assets | $10,319,124 | $10,437,382 | $10,703,471 | $10,857,068 | $11,071,008 |
| Other long-term assets | $1,312,848 | $1,538,956 | $1,403,834 | $1,108,567 | $1,205,700 |
| Total long-term assets | $11,631,972 | $11,976,338 | $12,157,305 | $12,015,635 | $12,326,708 |
| Total assets | $15,260,360 | $16,496,775 | $18,415,563 | $17,631,390 | $17,205,883 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $1,099,487 | $732,875 | $917,136 | $1,483,132 | $1,050,332 |
| Other current liabilities | $5,293,280 | $4,855,384 | $4,968,308 | $5,137,706 | $5,016,569 |
| Total current liabilities | $6,392,767 | $5,588,259 | $5,885,444 | $6,620,838 | $6,066,901 |
| Debt | $2,776,893 | $3,596,319 | $6,061,400 | $4,555,069 | $5,102,777 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $498,066 | $291,711 | $308,228 | $445,325 | $288,075 |
| Total long-term liabilities | $3,274,959 | $3,888,030 | $6,369,628 | $5,000,394 | $5,390,852 |
| Total liabilities | $9,667,726 | $9,476,289 | $12,255,072 | $11,621,232 | $11,457,753 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $5,562,634 | $6,990,486 | $6,126,040 | $6,010,158 | $5,748,130 |
| With donor restrictions | $30,000 | $30,000 | $34,451 | $0 | $0 |
| Net assets | $5,592,634 | $7,020,486 | $6,160,491 | $6,010,158 | $5,748,130 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $0 | $0 | $341,405 | $179,083 | $122,450 |
| Program service revenue | $15,659,664 | $14,587,643 | $14,777,952 | $15,662,749 | $14,995,414 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $0 | $17,885 | $23,142 | $24,234 | $24,115 |
| Other revenue | $173,724 | $1,656,589 | $771,579 | $6,912 | $0 |
| Total other revenue | $15,833,388 | $16,262,117 | $15,572,673 | $15,693,895 | $15,019,529 |
| Total revenue | $15,833,388 | $16,262,117 | $15,914,078 | $15,872,978 | $15,141,979 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $15,413,179 | $13,449,010 | $13,495,783 | $13,206,668 | $12,696,661 |
| Management and general | $1,811,301 | $1,778,689 | $1,901,646 | $1,774,081 | $2,113,927 |
| Fundraising | $36,760 | $42,628 | $37,849 | $40,555 | $29,417 |
| Total expenses | $17,261,240 | $15,270,327 | $15,435,278 | $15,021,304 | $14,840,005 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | ($1,427,852) | $991,790 | $478,800 | $851,674 | $301,974 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($1,427,852) | $991,790 | $478,800 | $851,674 | $301,974 |
Compensation
| Name | Title | Compensation |
| Jim Higbee | President & CEO | $168,748 |
| Surinder Kaur | Director of Nursing | $154,694 |
| Dalia Bryan | Charge Nurse | $132,970 |
| David Reimer | Former CEO | $125,976 |
| Evelyn Schlesselman | Health Care Center Administra | $111,177 |
| James Dueck | Sales | $110,272 |
| Judy Guerra | Director of Human Resources | $103,858 |
Compensation data as of: 12/31/2022
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 12/22/2023. To update the information below, please email: [email protected]
History
Since 1942, Palm Village has an honored and proud history of providing a quality lifestyle and home to seniors. We offer a tiered approach to the aging process, accommodating residents' changing needs.