The activities and programs of Provident are accomplished primarily through its separate, wholly-owned subsidiaries. Provident pursues its mission primarily through charitable activities:
Senior Living Resources
   Provident provides for the special needs of the aged and elderly through various means, including the development, construction, acquisition, ownership, management, operation, and disposition of hospital facilities, skilled nursing facilities, pediatric facilities, assisted living facilities, independent living facilities, continuing care facilities, congregate care facilities, other types of senior living and housing facilities, and other types of inpatient or outpatient facilities through which activities and programs to meet the physical, spiritual, and mental health needs as well as create an overall environment conducive to each person’s dignity and independence may be pursued. As of December 31, 2006, Provident owned and operated 351 skilled nursing facility beds, 192 assisted living units and 31 independent living units in the states of California, Idaho, Tennessee and Florida with a total of 576 units available to serve the needs of the aged and elderly. These activities are included in the Senior Living Division. Using its operating cash flow, Provident funds approximately $360,000 per year in uncompensated care and charges incurred by the residents of its skilled nursing facilities, assisted living facilities and independent living facilities. Program Service expenses for senior living operations in 2006 were $27,833,006.

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Housing Resources
   Provident supports poor and distressed American families with the ownership and operation of very low, low, and moderate income housing properties that provide safe and decent affordable housing which promote the physical health, emotional health, mental health, and social well-being of the individuals, families, and communities it serves, and in connection with the ownership and operation of such housing projects strives to accomplish the following:
  • participate in governmental housing programs,
  • provide social services to poor residents,
  • involve community residents in the operation of such housing properties,
  • combat community deterioration,
  • lessen the burdens of government to provide safe, sanitary, decent, and affordable housing to every American family,
  • lessen neighborhood tensions and help to eliminate discrimination and prejudice in communities throughout the United States, and
  • relieve the distress of the elderly and physically handicapped.

   As of December 31, 2006, Provident owned seven properties with approximately 3724 units of which approximately 20% to 40% of units are available for residents qualified as very low, low, and moderate income families. These activities are included in the Affordable Housing Division. Provident provides its “Service Enriched Housing Programs” which include health, social and education programs to address the needs of its residents and to improve their quality of life and potential for personal growth. Examples of programs currently available at various sites are computer training, adult basic education, money management, after school care, tutoring &homework, healthcare screening and education, support groups, food and nutrition classes, and job  readiness training. Program service expenses for affordable housing operations in 2006 were $ 32,976,024.

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Education Resources
   Provident promotes and advances education through various means, including, without limitation, the development, construction, acquisition, ownership, management, maintenance, operation, and disposition of facilities of various types, including, but not limited to, educational, research and student-housing facilities through the provision of development, enrichment, counseling, tutoring, and other services and activities, so as to assist colleges and universities in fulfilling their educational mission. As of December 31, 2006, Provident owned and operated 392 student housing beds in Louisiana and had begun construction on another 500 bed student housing facility in Missouri. These activities are included in the Education Division. Program Service expenses for education operations in 2006 were $5,551,503.

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CitiState Resources
   Provident lessens the burdens of federal, state, and local governments through various means, including without limitation the acquisition, construction, ownership and operation of public facilities, public buildings, public works, and infrastructure of various types. These activities are included in Provident's CitiState Resources Division. Program Service expenses for CitiState Resources in 2006 were $2,020,995.

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