Overview
What is Fraser Independent Living Project V?
Fraser Independent Living Project V is a subsidized housing program located in Hopkins, Minnesota, specifically at 2400 WEST 64th Street, Minneapolis, MN 55423. The project serves high-functioning adults with developmental disabilities, providing them with a home in one of fifteen apartment units. The mission of this nonprofit is to operate this apartment complex, known as HUD Project No. 092-HD072, aiming to offer housing solutions for those with developmental disabilities and very low income. The project's goal is to support these individuals in their journey towards independent living.
Official website here: www.fraser.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Fraser Independent Living Project V has received an 82% rating from Charity Navigator, indicating a solid performance in accountability and finance. This rating is primarily based on a strong accountability score, demonstrating responsible financial management practices. The organization boasts a fully independent board, with 83% of its members being independent, which enhances its governance structure.
The organization has demonstrated no material diversion of assets, and it has a comprehensive set of policies in place, including conflict of interest and whistleblower policies. This level of transparency and adherence to best practices is reflected in its high scores across various governance metrics. Additionally, the program expense ratio is impressive at 77.75%, showcasing a commitment to channeling funds towards its mission.
However, while the overall score is commendable, it is solely based on the accountability and finance beacon, which may limit insights into other operational aspects. Prospective donors and stakeholders might consider seeking additional information on program effectiveness and impact to fully assess the organization's performance.
This AI summary has been generated from information found on Charity Navigator.
Is Fraser Independent Living Project V legitimate?
Fraser Independent Living Project V is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fraser Independent Living Project V 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
Official website here: www.fraser.org
What is the mission statement of Fraser Independent Living Project V?
The Fraser Independent Living Project V operates a subsidized apartment building, serving high-functioning adults with developmental disabilities. Its primary mission is to provide housing for these individuals with very low income. The project aims to offer a supportive living environment that empowers its residents to live independently. As a HUD-funded initiative, it adheres to Project No. 092-HD072.
Official website here: www.fraser.org
Who is the CEO of Fraser Independent Living Project V?
Diane S Cross is the Ceo/Secretary/Vice Chair of Fraser Independent Living Project V. The CEO's salary of Fraser Independent Living Project V is $1,072 and their total compensation is $425,946.
Official website here: www.fraser.org
What is the revenue of Fraser Independent Living Project V?
Fraser Independent Living Project V's revenue in 2022 was $145,523.
Official website here: www.fraser.org
Who are the executives of Fraser Independent Living Project V and what are their salaries?
There 5 volunteers at Fraser Independent Living Project V.
Here are 12 key members and their salaries (Fraser Independent Living Project V's CEO's salary is $1,072 and their total compensation is $425,946):
- Compensation: $1,072
- Related: $388,864
- Other: $36,010
- 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: $600
- Related: $217,709
- Other: $0
- Compensation: $0
- Related: $162,864
- Other: $9,146
- Compensation: $674
- Related: $244,184
- Other: $11,954
- Compensation: $0
- Related: $164,559
- Other: $4,757
- Compensation: $587
- Related: $213,003
- Other: $14,336
- Compensation: $0
- Related: $142,601
- Other: $17,683
Official website here: www.fraser.org
Where can I find the form 990 for Fraser Independent Living Project V?
Fraser Independent Living Project V's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fraser.org
Learn more at the official website: www.fraser.org
Mission Statement of Fraser Independent Living Project V
The Fraser Independent Living Project V is a committed organization dedicated to providing subsidized housing for adults with developmental disabilities who have very low income. Their mission, as stated, is to operate an apartment complex that caters specifically to this demographic, serving as a residential haven for fifteen individuals. This project, identified as HUD Project No. 092-HD072, is aimed at fostering independent living for these adults, offering them a place to call home while ensuring they receive the necessary support they require.
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
June, 2024
Fraser Independent Living Project V has a significant impact in providing housing and support services to individuals with developmental disabilities and very low incomes in Hopkins, Minnesota. By operating an apartment complex specifically tailored to serve high-functioning adults with developmental disabilities, this project enables its residents to live independently and access the necessary assistance they require. The subsidized housing program offered by Fraser Independent Living Project V plays a crucial role in improving the quality of life and mental well-being of its residents, contributing to a more inclusive and supportive community in Minneapolis, Minnesota.
This information is meant to be a general summary of Fraser Independent Living Project V. 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: $25
- Program Service Revenue: $145,308
- Gross Receipts: $145,523
Assets and Liabilities:
- Total Assets: $1,923,755
- Total Liabilities: $2,360,271
- Net Assets: -$436,516
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.
TENANT FEES
Revenue
$145,308
Organization Details
Founding Year
2009
Phone
(612) 861-1688Principal Officer
Diane S Cross
Main Address
2400 WEST 64TH STREET, MINNEAPOLIS, MN, 55423
Website
www.fraser.orgNTEE Category
Code: F33 - Mental health
If you are a representative of Fraser Independent Living Project V 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.