Overview
What is Friends Apartment Homes Inc?
Friends Apartment Homes Inc is a nonprofit organization situated in Plainfield, Indiana, specifically at 305 S East St. Their primary focus is on providing housing for elderly individuals, ensuring a comfortable living environment with 28 apartment units that maintain an impressive 98% occupancy rate. The organization takes care of the residents' needs, offering essential facilities such as laundry services, repairs, and regular maintenance, both for the interiors and exteriors of the buildings. Their mission is to foster the well-being and overall happiness of senior citizens, aiming to contribute positively to their health, security, freedom, and usefulness in society. With a dedicated workforce of one individual, Friends Apartment Homes Inc demonstrates a strong commitment to supporting the needs of the elderly population in their community.
Official website here: www.friendsapartmenthomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
Friends Apartment Homes Inc has received a score of 76%, reflecting a solid performance in terms of accountability and finance, which is the sole component of their rating. The organization boasts a fully independent board, which enhances its governance structure, and has demonstrated strong financial health with a liability-to-assets ratio of 0.00%. Additionally, a significant portion of its expenses (86.77%) is directed towards programs, indicating a commitment to its mission.
However, it is important to note some areas for improvement. The organization lacks critical governance policies, specifically a conflict of interest policy and a whistleblower policy, both of which are essential for maintaining transparency and trust. Furthermore, while it has a well-documented approach to board meeting minutes, other documentation practices related to retention and destruction are also missing, which might raise concerns regarding accountability.
Overall, while Friends Apartment Homes Inc shows strengths in financial management and governance independence, addressing the noted limitations could further enhance its credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Apartment Homes Inc legitimate?
Friends Apartment Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Apartment Homes Inc 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: $11,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.friendsapartmenthomes.org
What is the mission statement of Friends Apartment Homes Inc?
Friends Apartment Homes Inc's mission is centered around providing and maintaining housing for individuals over the age of 55. Their goal is to enhance their residents' health, welfare, security, freedom, happiness, and overall usefulness in society. The organization strives to operate and maintain high-quality living spaces, ensuring a comfortable living environment with amenities such as laundry facilities, repair services, and regular maintenance of both interiors and exteriors.
Official website here: www.friendsapartmenthomes.org
What is the revenue of Friends Apartment Homes Inc?
Friends Apartment Homes Inc's revenue in 2023 was $206,615.
Official website here: www.friendsapartmenthomes.org
Who are the executives of Friends Apartment Homes Inc and what are their salaries?
The average compensation at Friends Apartment Homes Inc during 2023 was $11,000. There is 1 employee at Friends Apartment Homes Inc.
Here are 8 key members and their salaries:
- Compensation: $11,000
- 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
Official website here: www.friendsapartmenthomes.org
Where can I find the form 990 for Friends Apartment Homes Inc?
Friends Apartment Homes Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.friendsapartmenthomes.org
Learn more at the official website: www.friendsapartmenthomes.org
Mission Statement of Friends Apartment Homes Inc
Friends Apartment Homes Inc is committed to providing and maintaining housing for individuals over the age of 55. Their mission is to promote the health, welfare, security, freedom, happiness, and usefulness of these residents in society. By operating and maintaining high-quality apartment units, they aim to provide a secure and comfortable living environment for their elderly residents. The organization ensures the upkeep of both the interiors and exteriors of the buildings, and provides necessary facilities such as laundry services. The primary goal of Friends Apartment Homes Inc is to support the well-being and independence of its senior residents, allowing them to live fulfilling lives and contribute positively to society.
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 Apartment Homes Inc plays a vital role in enhancing the quality of life for individuals over 55 in Plainfield, IN. By maintaining 28 apartment units at an impressive 98% occupancy, the organization provides a stable and supportive living environment for elderly residents. This not only addresses their need for housing but also fosters a sense of community and belonging.
The organization goes beyond mere accommodation; it actively promotes the health, welfare, and overall happiness of its residents. Offering essential services such as laundry facilities, repair services, and comprehensive maintenance for both interiors and exteriors ensures that individuals can live independently while having their needs met in a safe and comfortable setting.
By focusing on the security and freedom of its residents, Friends Apartment Homes Inc contributes significantly to their quality of life, allowing them to feel useful and engaged in society. This approach not only benefits the residents but also enriches the broader community, creating a supportive environment for senior citizens to thrive.
This information is meant to be a general summary of Friends Apartment Homes Inc. 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: $2,844
- Program Service Revenue: $158,821
- Gross Receipts: $206,615
Assets and Liabilities:
- Total Assets: $1,406,486
- Total Liabilities: $0
- Net Assets: $1,406,486
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1968
Principal Officer
Della Stanley-Green
NTEE Category
Code: L22 - Housing
If you are a representative of Friends Apartment Homes Inc 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.