The Provident Story

Provident Resources is a national non-profit organization committed to making a positive impact in communities across the country through the development, ownership and operation of state-of-the-art educational, health care, senior living, and multi-family housing facilities and services. In addition, Provident endeavors to assist state and local governments in lessening the burdens they face in providing necessary facilities and services to their citizens. We employ the highest level of professional management while taking a mission based approach to the delivery of services. Provident firmly believes this approach serves to enhance the quality of all the services within our facilities and in the communities we serve.

In 1999, after a successful 25-year career in public finance law, Steve Hicks was ready for a change and looking for a way to give back. Rather than retiring, Hicks wanted to put his experience and professional relationships to work serving communities on a national scale. Lengthy conversations with friends and former clients around the country–especially professionals who served nonprofit hospitals, universities and state and local governments–had planted the seeds of an ambitious idea. Hicks envisioned a unique organization that would combine strong business acumen with the advantages of a broad social and charitable mission of helping communities–a nonprofit that could acquire, develop, and operate major projects as a social enterprise for the community benefit.

In 1999, Provident Resources Group was born. The organization's first project involved the acquisition and operation of a 240-bed nursing home in Memphis, Tennessee. Since then, Provident's impact and growth have been dramatic. From having successfully completed facilities that serve the needs of some of the nation's largest educational institutions to facilities that provide quality housing to those less fortunate and compassionate care to those in need, Provident is making a difference in the communities we serve.

None of these big ideas could come to fruition, without the expertise and outstanding reputation of Provident's board and professional staff. Says Hicks, "We're fortunate to have very experienced people on the Provident team – particularly in the areas of finance, health care, government and higher education. In addition to working with wonderful and talented people, the great gift of working with Provident is the opportunity to contribute to something larger than ourselves."