Overview
What is Friends Non Profit Housing Inc C/O Residential One Llc?
Friends Non Profit Housing Inc C/O Residential One Llc is a nonprofit organization situated in Columbia, Maryland. Their primary mission is to establish and manage affordable housing communities, serving individuals with low-income backgrounds. They operate under the former Section 236 of the National Housing Act, aiming to provide residents with suitable living opportunities. Their objective is to create and enhance such communities, ensuring they cater to the housing needs of those who might not otherwise have access to affordable housing solutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Friends Non Profit Housing Inc has earned a Three-Star rating from Charity Navigator, indicating a strong level of accountability and financial health. The organization scored 81% overall, with its score being entirely derived from its accountability and finance metrics, showcasing a commitment to transparency and responsible financial practices.
The organization has demonstrated notable strengths, including a fully independent board with 100% of its members not affiliated with the organization. Additionally, it has a high program expense ratio of 88.96%, indicating that a significant portion of its expenses are allocated directly to programs rather than administrative costs. The organization has also maintained an excellent audit and oversight structure, with no material diversions of assets reported.
However, there may still be room for improvement in some areas. The liabilities to assets ratio stands at 51.97%, suggesting that the organization has a significant amount of liabilities in relation to its assets. While this is not a critical concern, it highlights the importance of ongoing financial management and planning for sustainability. Overall, Friends Non Profit Housing Inc appears to be a well-managed organization focused on its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Non Profit Housing Inc C/O Residential One Llc legitimate?
Friends Non Profit Housing Inc C/O Residential One Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Non Profit Housing Inc C/O Residential One Llc 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: $205,789
For more financial information, click here
What is the mission statement of Friends Non Profit Housing Inc C/O Residential One Llc?
Friends Non Profit Housing Inc, under the management of Residential One Llc, is dedicated to the creation, enhancement, and operation of communities that provide affordable housing opportunities for individuals with low income. Their primary mission is to cater to this specific segment of society, ensuring they have access to decent living spaces. This organization operates under the former Section 236 of the National Housing Act, focusing on the provision of affordable housing.
What is the revenue of Friends Non Profit Housing Inc C/O Residential One Llc?
Friends Non Profit Housing Inc C/O Residential One Llc's revenue in 2023 was $820,458.
Who are the executives of Friends Non Profit Housing Inc C/O Residential One Llc and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Friends Non Profit Housing Inc C/O Residential One Llc?
Friends Non Profit Housing Inc C/O Residential One Llc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Friends Non Profit Housing Inc C/O Residential One Llc
Friends Non Profit Housing Inc C/O Residential One Llc is dedicated to creating, enhancing, and operating communities that provide affordable housing opportunities for individuals with low income. This mission is centered around the operation of housing units, previously under Section 236 of the National Housing Act. The organization's goal is to offer a living space that is within reach for those who may struggle financially, thereby helping to address housing disparities. By focusing on the creation and management of affordable housing, Friends Non Profit Housing Inc C/O Residential One Llc contributes to the overall well-being and stability of its residents, enabling them to build a better future.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Friends Non Profit Housing Inc C/O Residential One LLC plays a vital role in addressing housing affordability in Columbia, MD. By creating, enhancing, and operating communities that focus on low-income housing opportunities, it helps to alleviate some of the housing challenges faced by economically disadvantaged individuals and families.
The organization operates affordable housing options that were formerly under Section 236 of the National Housing Act, ensuring that residents have access to safe, stable, and affordable living environments. This effort not only supports individual well-being but also fosters community development by promoting inclusive neighborhoods.
By providing these housing opportunities, Friends Non Profit Housing Inc contributes to the overall stability and quality of life for low-income residents, positively impacting their ability to thrive in their communities.
This information is meant to be a general summary of Friends Non Profit Housing Inc C/O Residential One Llc. 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 2023.
- Investment Income: $17,756
- Program Service Revenue: $802,702
- Gross Receipts: $820,458
Assets and Liabilities:
- Total Assets: $4,957,731
- Total Liabilities: $1,307,079
- Net Assets: $3,650,652
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$757,123
TENANT ASSISTANCE PAYMENT
Revenue
$28,658
LAUNDRY AND MISCELLANEOUS
Revenue
$12,631
OTHER TENANT CHARGES
Revenue
$4,290
Organization Details
Founding Year
1965
Principal Officer
Steve Sawyer
NTEE Category
Code: L21Z - Housing
If you are a representative of Friends Non Profit Housing Inc C/O Residential One Llc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.