Overview
What is Friends Home Association Of New York?
Friends Home Association of New York is a nonprofit organization situated in New York City, specifically at 215 East 15th Street. Their primary mission is to offer affordable housing and a supportive community for individuals associated with the Religious Society of Friends (Quakers) or those who share their beliefs. The association provides both permanent and temporary residences, along with meals, fostering an environment based on the principles of the Religious Society of Friends. They also offer meeting spaces, silent meetings, communal meals, and engage in public education and outreach. The organization employs a moderate workforce of ten individuals.
Official website here: www.penington.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating
Friends Home Association Of New York has received a commendable rating of 88% from Charity Navigator, indicating strong accountability and financial management. This rating is derived entirely from their accountability and finance score, reflecting their commitment to transparency and responsible use of funds. The organization has demonstrated a solid performance in various financial metrics which are crucial for donor confidence.
The organization excels in having a majority of independent board members, with 100% of its board being independent, and maintains a robust financial oversight with appropriate ratios of liabilities to assets and program expenses. They have also received perfect scores in areas such as financial statements and the absence of material diversions of assets, signifying a well-structured governance framework.
However, it is worth noting that there are some areas where the organization lacks, particularly the absence of a whistleblower policy. While this is a minor limitation, it could be an important aspect of governance that potential donors may want to consider. Overall, Friends Home Association Of New York showcases a strong commitment to accountability, making it a reliable choice for potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Home Association Of New York legitimate?
Friends Home Association Of New York is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Home Association Of New York submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $144,019
For more financial information, click here
Official website here: www.penington.org
What is the mission statement of Friends Home Association Of New York?
The Friends Home Association of New York aims to provide a supportive community and a place for members of the Religious Society of Friends, also known as Quakers, and those in sympathy with their beliefs. Their mission is to offer a participatory residential experience based on the principles of the Religious Society of Friends, fostering communal household living, silent meetings, communal meals, and public education and outreach. The association also provides affordable permanent and temporary housing and meals for individuals associated with the Friends or sympathetic to their beliefs.
Official website here: www.penington.org
Who is the CEO of Friends Home Association Of New York?
Mark Zumwalt is the Clerk of Friends Home Association Of New York.
Official website here: www.penington.org
What is the revenue of Friends Home Association Of New York?
Friends Home Association Of New York's revenue in 2022 was $520,006.
Official website here: www.penington.org
Who are the executives of Friends Home Association Of New York and what are their salaries?
The average compensation at Friends Home Association Of New York during 2022 was $14,402. There are 10 employees and 10 volunteers at Friends Home Association Of New York.
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Official website here: www.penington.org
Where can I find the form 990 for Friends Home Association Of New York?
Friends Home Association Of New York's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.penington.org
Learn more at the official website: www.penington.org
Mission Statement of Friends Home Association Of New York
Friends Home Association of New York is an organization committed to providing a supportive community and a place for individuals associated with the Religious Society of Friends (Quakers), as well as those in sympathy with the Quakers. Their mission is to offer a participatory residential experience that is rooted in the principles of the Religious Society of Friends. This experience is realized within a communal household setting, providing both permanent and temporary housing at moderate costs. The association also offers meeting spaces, quiet meetings, communal meals, and engages in public education and outreach, all while maintaining a focus on providing a nurturing environment for its residents.
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Impact
July, 2024
Friends Home Association Of New York provides a unique and impactful residential experience for members and sympathizers of the Religious Society of Friends (Quakers). By offering a supportive community, communal living arrangements, meeting spaces, silent gatherings, and educational opportunities, the association creates a space for individuals to deepen their connection to Quaker principles. This allows individuals to live in line with their beliefs while fostering a sense of belonging and camaraderie within the community. Through its provision of housing, meals, and shared experiences, the association plays a significant role in promoting and preserving Quaker traditions and values in the city of New York.
This information is meant to be a general summary of Friends Home Association Of New York. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $16,781
- Program Service Revenue: $470,710
- Gross Receipts: $520,006
Assets and Liabilities:
- Total Assets: $1,283,984
- Total Liabilities: $227,945
- Net Assets: $1,056,039
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$467,553
LAUNDRY, FEE AND MEAL
Revenue
$3,157
Organization Details
Founding Year
1897
Phone
(212) 673-1730Principal Officer
Mark Zumwalt
Main Address
215 EAST 15TH STREET, NEW YORK, NY, 10003
Website
www.penington.orgNTEE Category
Code: X19 - Religion related
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