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

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating139 of 111213 of 121
Fund acquisition rating536 of 111447 of 121
Resource allocation rating98 of 111417 of 121
Asset utilization rating246 of 111229 of 121

Financial ratios

Funding ratiosSector median20222021202020192018
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
92%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
8%100%100%98%99%99%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%89%88%87%88%86%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%109%94%97%95%98%
Program output ratio Program output ratio =
Program services /
Total revenue
78%97%83%85%83%84%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-9%6%3%5%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-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 ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.821.130.930.840.850.86
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.774.213.652.943.143.53
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.664.763.382.472.673.04
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
15.200.570.811.060.850.80
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.061.761.240.941.181.24
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.44-1.92-0.840.29-0.80-0.96
 
Solvency ratiosSector median20222021202020192018
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
101%32%46%40%40%39%

Financials

Balance sheet
 
Assets20222021202020192018
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
 
Liabilities20222021202020192018
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 assets20222021202020192018
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
 
Revenue20222021202020192018
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
 
Expenses20222021202020192018
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 assets20222021202020192018
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

NameTitleCompensation
Jim HigbeePresident & CEO$168,748
Surinder KaurDirector of Nursing$154,694
Dalia BryanCharge Nurse$132,970
David ReimerFormer CEO$125,976
Evelyn SchlesselmanHealth Care Center Administra$111,177
James DueckSales$110,272
Judy GuerraDirector 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.


Program accomplishments


Needs