Preserve Independence Adult Day Care

Nonprofit profile at a glance

EIN
830767876
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-EZ 2023, Form 990-N 2021
Location
Warren, MI, USA
Phone
5868066641
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Supportive Housing for Older Adults

Reported finances

Revenue
$443,906
Expenses
$345,623
Assets
$104,622
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Jerome Jones (President)

Highest reported compensation

  • Nicole Jones (Director): $36,000 total reported compensation
  • Jerome Jones (President): $30,000 total reported compensation
  • Lavar Green-Jackson (Treasurer): $16,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide and coordinate support services and programs that help clients stay active and maintain their physical and mental health. To be commited to the wellness of individuals, their families, and the community through prevention, intervention, treatment, and education. To assist individuals and families in enhancing their emotional, mental, and physical well-being. Additionally, to offer an engaging and safe environment that promotes dignity, uniqueness, and independence for adults.

What it reported doing in 2024

**Wellness Programs**: Our adult day program launched holistic wellness initiatives, including mindfulness, yoga, and nutrition workshops, focusing on mental and physical health. **Creative Arts Therapies**: Our Program are increasingly offering art, music, and dance therapy as a way to promote emotional expression and cognitive stimulation, leading to improved mental health. **Intergenerational Programs**: Our adult day program have partnered with schools or youth organizations to create intergenerational activities, fostering relationships between older adults and younger generations. **Specialized Programs for Dementia**: New offerings tailored specifically for individuals with Alzheimers or other forms of dementia focus on memory care, sensory activities, and reminiscence therapy.

Operating model

Revenue model
Grant-funded. 100% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 41
  • Transparency & Controls: 92
  • Accountability: 86
  • Sustainability: 52
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 42.2%; rating input score 42
  • Program expense ratio: 54.2%; rating input score 54
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 22.1%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 0.3; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 23.7%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 77% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 120% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 42.2% of revenue deployed · 54.2% of spending went to programs
  • Governance: 5 of 5 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $187K in reported program spending
  • Leadership: top reported pay $36K · 5 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 42/100.
  • Review — Financial Efficiency: Program expense ratio scored 54/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.