Preservation Freehold Company
Preservation Freehold Company reported $215.3 million in revenue and $222.1 million in expenses for calendar year 2024. Of every $100 it spent, $89.09 went to program services, $10.91 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 97.6% of the total. The highest compensation it reported for one person was $304,450 (FACILITY EMPLOYEE). 76 people received more than $100,000 in reportable compensation. Revenue rose 8030% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $222MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $215MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.1% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.9% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.7% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.7% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 97.6% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $304,450 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.14% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 76 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -2.2 | 10.0 |
| Independent voting board members Part VI 1a–1b | 3 of 4 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expensePreservation Freehold Company, a public charity organized for the purpose of relieving the distressed through the provision of housing designed specifically to accommodate and address certain physical, social, and civic needs of the elderly, while promoting the continued dignity and well-being of its residents, operated exclusively for charitable and educational purposes within the meaning of section 501(c)(3) of the internal revenue code, carried out these purposes primarily by owning and operating, either directly or through affiliated entities, nonprofit health care facilities and senior…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| FACILITY EMPLOYEE Highest compensated employee, 40.00 hrs/week | $263,104 | $0 | $41,346 | $304,450 |
| FACILITY EMPLOYEE Highest compensated employee, 40.00 hrs/week | $231,084 | $0 | $33,670 | $264,754 |
| FACILITY EMPLOYEE Highest compensated employee, 81.84 hrs/week | $233,500 | $0 | $19,041 | $252,541 |
| FACILITY EMPLOYEE Highest compensated employee, 83.56 hrs/week | $221,813 | $0 | $0 | $221,813 |
| FACILITY EMPLOYEE Highest compensated employee, 40.00 hrs/week | $197,682 | $0 | $0 | $197,682 |
| PRESIDENT & CEO Director/trustee, officer, 40.00 hrs/week | $159,962 | $0 | $19,803 | $179,765 |
76 people received more than $100,000 in reportable compensation from Preservation Freehold Company (Part VII, line 2). Compensation of current officers, directors and key employees totaled $173K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b4 · 3 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 55,587
- Volunteers Part I, line 63
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| STONEGATE SENIOR LIVING LLC Management company | $20,577,582 |
| REHAB PRO Therapy services | $7,417,787 |
| SHIFTKEY LLC Nurse staffing service | $858,834 |
| LIFETIME WELLNESS Therapy services | $640,085 |
| COLLAIN HEALTHCARE Accounting services | $383,415 |
Individuals listed as contractors are left out. 16 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Preservation Freehold Company's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Preservation Freehold Company, you can publish a response that is linked from this page.
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Of every $100 Preservation Freehold Company spent in 2024, $89.09 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Preservation Freehold Company's spending goes to programs?
In calendar year 2024, Preservation Freehold Company reported that 89.1% of its $222.1 million in expenses went to program services, 10.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Preservation Freehold Company pay its top executive?
The largest total compensation Preservation Freehold Company reported for one person in calendar year 2024 was $304,450, for the role of FACILITY EMPLOYEE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Preservation Freehold Company get its money?
Of $215.3 million in revenue in calendar year 2024, 0.7% came from contributions and grants (including 0.7% from government grants) and 97.6% from program service revenue (Form 990, Part VIII).
Is Preservation Freehold Company a registered charity?
The IRS lists EIN 90-0475369 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513089349302066 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423099349301437 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333139349304173 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223199349313327 · read the filing
- 2020: Form 990 for calendar year 2020 (amended), object 202222879349300142 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013219349303586 · read the filing
All filings for EIN 90-0475369: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.