Overview
What is Forrest City Independent Living Center Inc?
Forrest City Independent Living Center Inc, situated in Forrest City, Arkansas, is a dedicated nonprofit organization that specializes in housing development and management. Their primary objective is to offer suitable living accommodations for individuals with disabilities, aligning with their mission to provide housing support for this specific group. The center's activities are centered around this mission, ensuring that individuals with disabilities have access to comfortable and suitable housing within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star Rating
The Forrest City Independent Living Center Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial health. The overall score is based solely on the Accountability & Finance beacon, which highlights the organization's inability to maintain a sustainable asset-to-liabilities ratio, as indicated by its ratio of 144.29%. While the charity demonstrates a high level of accountability through independent board membership and absence of asset diversion, the poor financial metrics raise questions about its long-term viability.
Strengths of the organization include a fully independent board, which consists of three members, and a strong commitment to transparency, as evidenced by documented board meeting minutes. The charity also shows impressive program expense ratios, allocating 100% of its expenses towards programs, which suggests an effective use of funds in fulfilling its mission. These factors contribute positively to its accountability aspects.
However, the alarming liabilities to assets ratio presents a significant limitation that could hinder the organization's operations and mission fulfillment. Stakeholders and potential donors should consider these financial challenges when assessing the overall effectiveness and stability of the Forrest City Independent Living Center Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Forrest City Independent Living Center Inc legitimate?
Forrest City Independent Living Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forrest City Independent Living Center 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Forrest City Independent Living Center Inc?
The Forrest City Independent Living Center is a nonprofit organization dedicated to providing housing solutions for individuals with disabilities. Its mission is to ensure that individuals with disabilities have access to suitable housing, thereby enhancing their quality of life. The center strives to create a living environment that caters to the unique needs of its residents, promoting their independence and overall well-being. Through its housing development or management activities, the Forrest City Independent Living Center aims to break down barriers and foster an inclusive society.
Who is the CEO of Forrest City Independent Living Center Inc?
Joey Astin is the Director of Forrest City Independent Living Center Inc.
What is the revenue of Forrest City Independent Living Center Inc?
Forrest City Independent Living Center Inc's revenue in 2021 was $49,201.
Who are the executives of Forrest City Independent Living Center Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Forrest City Independent Living Center Inc?
Forrest City Independent Living Center Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Forrest City Independent Living Center Inc
Forrest City Independent Living Center, a nonprofit organization, is dedicated to providing housing solutions for individuals with disabilities. Its mission is centered around offering suitable living spaces to those who may be challenged by various impairments. By prioritizing this population, the center aims to ensure that everyone has an equal opportunity to live independently and with dignity. The organization's efforts are instrumental in promoting inclusivity and equality, providing a much-needed service for individuals with disabilities.
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Impact
August, 2024
Forrest City Independent Living Center Inc plays a vital role in providing housing solutions for individuals with disabilities in Forrest City, Arkansas. By offering accessible and supportive housing options, the organization positively impacts the lives of those in need within the community. Their mission to provide housing to those with disabilities ensures that individuals have a safe and comfortable place to live, ultimately enhancing their quality of life and promoting independence. Through their dedicated efforts, Forrest City Independent Living Center Inc contributes to creating a more inclusive and supportive environment for individuals with disabilities.
This information is meant to be a general summary of Forrest City Independent Living Center 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 2021.
- Investment Income: $3
- Program Service Revenue: $49,198
- Gross Receipts: $49,201
Assets and Liabilities:
- Total Assets: $836,227
- Total Liabilities: $1,122,373
- Net Assets: -$286,146
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$49,198
Organization Details
Phone
(870) 633-5270Principal Officer
Joey Astin
Main Address
PO BOX 1857, FORREST CITY, AR, 72335
NTEE Category
Code: L20 - Housing
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