Overview
What is Fhm Associates Inc?
Fhm Associates Inc, operating in Bartlesville, Oklahoma, is a nonprofit organization that specializes in providing affordable housing for the elderly and handicapped residents of Muskogee, Oklahoma. Their primary mission is to offer a 191-unit residential complex, known as Fair Haven Manor Apartments, which serves as a supportive living environment for this specific community. The organization's activities are centered around ensuring the well-being and comfort of its residents, providing them with a secure and affordable place to call home.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Stars)
Fhm Associates Inc has received a Two-Star rating from Charity Navigator, primarily based on its Accountability & Finance score of 67%. This rating indicates that while the organization has some strong practices, there are significant areas for improvement, particularly in its governance and transparency. The score reflects well on certain aspects, such as having a majority of independent board members and a high program expense ratio.
The nonprofit demonstrates strengths in accountability, with complete independent board member participation and thorough financial oversight practices. Additionally, the organization successfully allocates a high percentage of its expenses directly to programs, indicating effective use of funds. However, the overall score is hampered by notable deficiencies, including missing key governance documents such as the tax form, conflict of interest policy, and whistleblower policy.
These limitations suggest that while Fhm Associates Inc manages to use its resources effectively for its programs, it could enhance its organizational integrity and transparency by addressing the weaknesses in its governance and documentation practices. Improvements in these areas could potentially lead to a better rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Fhm Associates Inc legitimate?
Fhm Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fhm Associates 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Fhm Associates Inc?
Fhm Associates Inc is committed to providing affordable housing for the elderly and handicapped residents in their community. The 191-unit residential complex they manage serves as a home for these individuals, ensuring they have a comfortable living space. This organization's mission is centered around making housing accessible and affordable, thereby contributing positively to the lives of those in need. Although the information provided does not specify any additional objectives or initiatives, it is clear that Fhm Associates Inc prioritizes the well-being and needs of these specific groups of residents.
Who is the CEO of Fhm Associates Inc?
David S Nickel is the President of Fhm Associates Inc.
What is the revenue of Fhm Associates Inc?
Fhm Associates Inc's revenue in 2022 was $1,747,811.
Who are the executives of Fhm Associates Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Fhm Associates Inc?
Fhm Associates Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fhm Associates Inc
Fhm Associates Inc, a nonprofit organization, is committed to providing affordable housing for the elderly and handicapped residents within its community. This 191-unit residential complex serves as a safe and comfortable living space for those in need, offering them a sense of independence and dignity. By providing affordable housing, Fhm Associates Inc plays a crucial role in ensuring that these vulnerable individuals can live with dignity and independence, free from the financial burden of expensive housing. The organization's mission is to create a welcoming and inclusive living environment that caters to the unique needs of its elderly and handicapped residents, thereby enhancing their quality of life.
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Impact
October, 2024
Fhm Associates Inc significantly enhances the quality of life for elderly and handicapped residents in Muskogee, Oklahoma, by providing a 191-unit residential complex dedicated to affordable housing. This initiative not only addresses critical housing needs within the community but also fosters a supportive environment tailored to those who may require additional assistance. By ensuring access to safe and affordable living conditions, Fhm Associates Inc plays a vital role in promoting independence and dignity among its residents, ultimately contributing to a more inclusive and accessible community for all.
This information is meant to be a general summary of Fhm Associates 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: $163
- Program Service Revenue: $1,747,449
- Gross Receipts: $1,747,811
Assets and Liabilities:
- Total Assets: $3,948,273
- Total Liabilities: $5,750,519
- Net Assets: -$1,802,246
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SUBSIDY
Revenue
$1,000,364
TENANT RECEIPTS
Revenue
$620,609
SERVICE COORDINATOR INCOME
Revenue
$94,703
TENANT CHARGES
Revenue
$20,124
LAUNDRY AND VENDING INCOME
Revenue
$11,369
Organization Details
Founding Year
2010
Phone
(918) 333-2244Principal Officer
David S Nickel
Main Address
398060 W 2200 RD, BARTLESVILLE, OK, 74006
NTEE Category
Code: L22 - Housing
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