Provident Resources Group Inc

Provident Resources Group Inc Overview

Provident Resources Group Inc, operating under the name Provident Group, is located in Baton Rouge, LA. The organization was established in 2000. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2019, Provident Group employed 299 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Provident Group generated $195.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $246.7m during the year ending 12/2019. While expenses have increased by 15.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDENT RESOURCES GROUP, INC. PROVIDES FOR THE NEEDS OF THE ELDERLY, PROMOTES HEALTHY COMMUNITIES, SERVES THE POOR & DISTRESSED, PROMOTES EDUCATION, AND LESSENS THE BURDEN OF GOVERNMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE EDUCATION RESOURCES DIVISION PROMOTES AND ADVANCES EDUCATION THROUGH THE DEVELOPMENT, CONSTRUCTION, OPERATION, FINANCING AND MANAGEMENT OF FACILITIES OF VARIOUS TYPES, INCLUDING STUDENT HOUSING, HEALTH AND WELLNESS, AS WELL AS ACADEMIC AND ADMINISTRATIVE SPACE FOR THE BENEFIT OF COLLEGES AND UNIVERSITIES THROUGHOUT THE COUNTRY. AS OF DECEMBER 31, 2019, THE ORGANIZATION OWNED AND OPERATED RESIDENTIAL FACILITIES PROVIDING MORE THAN 14,000 BEDS OF SAFE, CONVIENIENT AND AFFORDABLE STUDENT HOUSING FOR STUDENTS, FACULTY AND STAFF OF THE INSTITUTIONS WE SERVE.


THE SENIOR LIVING RESOURCES DIVISION OFFERS ACTIVITIES, SERVICES AND PROGRAMS DESIGNED TO MEET THE SPECIAL NEEDS OF THE ELDERLY, INCLUDING HOUSING AND HEALTH CARE, WITHIN AN ENVIRONMENT THAT PROMOTES THE DIGNITY AND INDEPENDENCE OF THE RESIDENTS. OUR FACILITIES OFFER THE FINEST AMENITIES ALONG WITH WELLNESS PROGRAMMING, DAILY SOCIAL ACTIVITIES, 24/7 SUPPORT AND CARE, AND EDUCATIONAL OPPORTUNITIES TO ENSURE RESIDENTS ENJOY OPTIMAL QUALITY OF LIFE AND PEACE OF MIND.


THE CITISTATE RESOURCES DIVISION TO PURSUE PROJECTS DESIGNED TO LESSEN THE BURDENS OF GOVERNMENT. WE ARE COMMITTED TO EASING THE FINANCIAL AND BUDGETARY CONSTRAINTS OF STATE AND LOCAL GOVERNMENTS THROUGH VARIOUS MEANS, INCLUDING THE DEVELOPMENT, FINANCING, CONSTRUCTION, MANAGEMENT, AND OPERATION OF PUBLIC FACILITIES, GOVERNMENT BUILDINGS, AND VARIOUS SYSTEMS OF PUBLIC INFRASTRUCTURE ESSENTIAL TO DELIVERING GOVERNMENT SERVICES AND SUPPORTING PRIVATE SECTOR ECONOMIC ACTIVITY.


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Provident Resources Group Inc Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Director
$24,000

Provident Resources Group Inc Vendors

Vendor Name (Service)Compensation
Crowe Llp
Audit/tax Services
$601,171
Campus Apartments
Management Company
$356,698
Noit
Consulting Services
$189,085
Secom Llc
Security Services
$370,883
Capstone On Campus Management Llc
Management Company
$758,296
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $650,000
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$650,000
Total Program Service Revenue$171,619,327
Investment income $0
Tax Exempt Bond Proceeds $3,352,491
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $195,771,889

Provident Resources Group Inc Grants Awarded

Over the last fiscal year, Provident Resources Group Inc has awarded $119,171 in support to 2 organizations.

Grant RecipientAmount

PROVIDENT AFFORDABLE HOUSING RESOURCES INC

Org PageRecipient Profile

Huntington Beach, CA

PURPOSE: Program Support

$94,524

THE FOUNDATION FOR RENEWABLE ENERGY AND ENVIRONMENT

Org PageRecipient Profile

Wilmington, DE

PURPOSE: Program Support

$24,647
View Grant Profile

Provident Resources Group Inc Grants Recieved

Over the last fiscal year, we have identified 1 grants that Provident Resources Group Inc has recieved totaling $500.

Awarding OrganizationAmount
Andreeff Foundation

Santa Rosa Beach, FL

PURPOSE: TO SUPPORT OPERATIONAL AND PROGRAM EXPENSES.

$500
View Grant Recipient Profile

Provident Resources Group Inc Peer Organizations

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