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

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 rating267 of 109139 of 142
Fund acquisition rating533 of 109459 of 142
Resource allocation rating143 of 109430 of 142
Asset utilization rating497 of 109167 of 142

Financial ratios

Funding ratiosSector median20212020201920182017
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 ratiosSector median20212020201920182017
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 ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.860.930.840.850.860.83
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.633.652.943.143.533.51
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.553.382.472.673.042.91
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
16.960.811.060.850.800.81
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.061.240.941.181.241.23
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.94-0.840.29-0.80-0.96-0.95
 
Solvency ratiosSector median20212020201920182017
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
 
Assets20212020201920182017
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
 
Liabilities20212020201920182017
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 assets20212020201920182017
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
 
Revenue20212020201920182017
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
 
Expenses20212020201920182017
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 assets20212020201920182017
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]


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