Overview
What is Fairview Terrace Inc?
Fairview Terrace Inc is a nonprofit organization situated in Muskogee, Oklahoma. Their primary mission is to offer safe and affordable housing options for low-income and elderly individuals, utilizing the HUD's Section 202 Program. The organization owns, manages, maintains, and rents apartments to qualified individuals and families, serving as a critical resource for those in need of housing assistance. The core objective of Fairview Terrace Inc is to improve the living conditions of its residents and contribute positively to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, earning a Two-Star out of Four Star rating. This rating indicates that Fairview Terrace Inc has some strengths in its accountability and finance practices but also faces significant challenges. The organization excels in board governance, with a fully independent board and strong policies in place, contributing positively to its overall score.
However, the organization's financial health raises concerns, particularly due to a high liabilities to assets ratio of 128.79%, which negatively impacts its financial stability score. While the program expense ratio is commendable at 85.65%, suggesting that a substantial portion of funding goes directly to its programs, the financial liabilities present a risk that could affect its operations and sustainability in the long term.
Overall, Fairview Terrace Inc demonstrates good governance practices and a high commitment to program expenses, but its financial challenges may necessitate increased attention to ensure future viability and growth. Stakeholders may want to monitor the organization's financial health closely as it continues its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Fairview Terrace Inc legitimate?
Fairview Terrace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairview Terrace 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: $8,947
For more financial information, click here
What is the mission statement of Fairview Terrace Inc?
Fairview Terrace Inc's mission is centered around providing safe and affordable housing for individuals with low income and elderly population. They accomplish this by leveraging the HUD's Section 202 Program. The organization's primary goal is to own, manage, operate, and maintain apartments, which are then leased and rented to eligible residents. Their objective is to ensure these individuals have a decent place to live, promoting their well-being and independence. The organization is dedicated to improving and maintaining the properties, ensuring they meet the necessary standards for their residents' comfort and safety.
Who is the CEO of Fairview Terrace Inc?
Blake Farris is the Executive Director of Fairview Terrace Inc.
What is the revenue of Fairview Terrace Inc?
Fairview Terrace Inc's revenue in 2022 was $55,112.
Who are the executives of Fairview Terrace Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $114,966
- 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 Fairview Terrace Inc?
Fairview Terrace Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fairview Terrace Inc
Fairview Terrace Inc, as a nonprofit organization, is dedicated to providing safe and affordable housing for individuals and families with low income and elderly persons. This mission is accomplished through the utilization of HUD's Section 202 Program. The organization manages and maintains apartments, leasing and renting them to qualified individuals, ensuring that they have a suitable living space. The primary objective of Fairview Terrace Inc is to improve the living conditions of its residents, offering them a secure and comfortable environment. By providing housing solutions for this specific demographic, Fairview Terrace Inc plays a significant role in promoting community well-being and social equity.
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
August, 2024
Fairview Terrace Inc's impact lies in its dedication to providing safe and affordable housing for low-income and elderly individuals. By utilizing HUD's Section 202 Program, the organization owns, maintains, and manages apartments in Muskogee, Oklahoma, ensuring that qualified persons and families have access to public housing. Through its mission to offer secure and affordable housing options, Fairview Terrace Inc plays a crucial role in supporting the community's most vulnerable individuals, ultimately contributing to the overall well-being and stability of its residents.
This information is meant to be a general summary of Fairview Terrace 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 2022.
- Investment Income: $42
- Program Service Revenue: $36,116
- Gross Receipts: $55,112
Assets and Liabilities:
- Total Assets: $938,098
- Total Liabilities: $1,165,288
- Net Assets: -$227,190
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.
Dwelling Rent
Revenue
$35,858
Tenant Charges
Revenue
$258
Organization Details
Founding Year
2009
Phone
(918) 687-6301Principal Officer
Blake Farris
Main Address
PO Box 1471, Muskogee, OK, 74402
NTEE Category
Code: L22 - Housing
If you are a representative of Fairview Terrace 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.