Overview
What is J H Floyd Foundation Inc?
J.H. Floyd Foundation Inc., based in Sarasota, Florida, was initially a nonprofit organization that operated Sunshine Meadows Assisted Living Facility, providing assistance to elderly residents in the community. The facility aimed to cater to their physical, personal, and emotional needs, fostering an environment that encouraged independence and self-worth. After selling its facilities in April 2022, the organization changed its name to J.H. Floyd Foundation Inc. and shifted its focus to offering scholarship opportunities in the healthcare sector for community members. The foundation now seeks to invest in the next generation of healthcare professionals, furthering its commitment to the well-being of its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%
The J H Floyd Foundation Inc has received an 83% rating from Charity Navigator, which translates to a Three-Star out of Four Star rating. This score is solely based on the charity's Accountability & Finance metrics, indicating a strong commitment to financial integrity and transparency. The high score reflects the foundation's effective governance and adherence to best practices in nonprofit management.
One of the notable strengths of the organization is its governance structure, featuring a fully independent board comprised of four members. The foundation has also demonstrated robust policies, including a conflict of interest policy and a whistleblower policy, both of which contribute to its accountability. Additionally, the foundation has reported no material diversion of assets, enhancing its credibility.
However, while the Program Expense Ratio is relatively good at 66.53%, there is room for improvement in maximizing resources directly towards programs. Overall, the J H Floyd Foundation Inc shows a solid commitment to accountability and good governance, although it could focus on increasing its program expenditure to strengthen its impact further.
This AI summary has been generated from information found on Charity Navigator.
Is J H Floyd Foundation Inc legitimate?
J H Floyd Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. J H Floyd Foundation 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: $501,524
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What is the mission statement of J H Floyd Foundation Inc?
Prior to April 2022, the mission of J H Floyd Foundation Inc was to address the health care and housing needs of the elderly community, ensuring their physical, personal, and emotional well-being. After the sale of their facilities, the foundation has shifted its focus, now aiming to provide scholarship opportunities in the field of healthcare for members of the community. The organization, now known as J H Floyd Foundation Inc, strives to support individuals pursuing careers in healthcare, furthering their education and contributing to the betterment of healthcare services.
Who is the CEO of J H Floyd Foundation Inc?
James C Brown is the Chairman And Director of J H Floyd Foundation Inc.
What is the revenue of J H Floyd Foundation Inc?
J H Floyd Foundation Inc's revenue in 2022 was $1,681,099.
Who are the executives of J H Floyd Foundation Inc and what are their salaries?
The average compensation at J H Floyd Foundation Inc during 2022 was $17,294. There are 29 employees and 10 volunteers at J H Floyd Foundation Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for J H Floyd Foundation Inc?
J H Floyd Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of J H Floyd Foundation Inc
J.H. Floyd Foundation Inc, previously focused on meeting the health care and housing needs of the elderly residents in the community, committed to addressing their physical, personal, and emotional needs. After selling its facilities in April 2022, the organization underwent a transformation and shifted its mission. Now, J.H. Floyd Foundation Inc aims to provide scholarship opportunities in the healthcare field to members of the community. This change allows the foundation to continue making a positive impact on the community, albeit through a different avenue. The new mission aims to empower individuals by investing in their education and future careers in healthcare.
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Impact
October, 2024
J H Floyd Foundation Inc has made a significant impact on the Sarasota community by addressing key needs in healthcare and education. Initially, the organization fulfilled a vital role by providing assisted living services through Sunshine Meadows Assisted Living Facility, which catered to the physical, personal, and emotional needs of elderly residents. This commitment fostered a supportive environment that encouraged independence and a sense of self-worth among its residents.
Following the sale of its facilities in April 2022, the foundation has shifted its focus towards providing scholarship opportunities in healthcare. This transition aims to empower local individuals pursuing careers in healthcare, thereby contributing to the overall well-being of the community. By investing in education and professional development, J H Floyd Foundation Inc continues to play an essential role in enhancing the health services available in Sarasota, ensuring a brighter future for both healthcare professionals and the community they serve.
This information is meant to be a general summary of J H Floyd Foundation 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: $1,314,535
- Program Service Revenue: $296,410
- Gross Receipts: $1,681,099
Assets and Liabilities:
- Total Assets: $1,363,757
- Total Liabilities: $27,283
- Net Assets: $1,336,474
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICE REV
Revenue
$296,410
Organization Details
Founding Year
2009
Principal Officer
James C Brown
Main Address
935 N BENEVA ROAD SUITE 801 51476, SARASOTA, FL, 34232
NTEE Category
Code: L22 - Housing
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