Overview
What is Franklin Senior Housing?
Franklin Senior Housing is a nonprofit organization situated in St. Paul, Minnesota, at 1080 Montreal Avenue. Their primary mission is to provide affordable housing for low-income elderly individuals, ensuring the welfare of senior citizens within the Franklin community. By operating an apartment building, they offer 30 units designed to meet the needs of this demographic, operating on a non-profit basis.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Franklin Senior Housing has achieved a high level of accountability and finance, earning a Four-Star rating from Charity Navigator. This rating reflects the organization's strong governance practices, including having a fully independent board of directors and robust policies in place for conflict of interest, whistleblowing, and document retention.
The organization demonstrates fiscal responsibility with a program expense ratio of 100%, indicating that all funds raised are directed towards its programs. Additionally, the low liabilities to assets ratio of 2.57% suggests a solid financial position which enhances its operational stability and sustainability.
While the data paints a favorable picture, it is important for potential donors and stakeholders to consider the organization’s mission and programs to fully understand its impact in the community. Overall, Franklin Senior Housing appears to be a trustworthy and financially sound nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Franklin Senior Housing legitimate?
Franklin Senior Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin Senior Housing 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 Franklin Senior Housing?
Franklin Senior Housing's mission is centered around enhancing the well-being of senior citizens. They achieve this by establishing an affordable apartment building, providing 30 housing units for low-income elderly individuals. The organization operates on a non-profit basis, dedicating its efforts to promoting the welfare of the elderly community. By offering affordable housing, Franklin Senior Housing aims to contribute positively to the lives of its residents, ensuring they can age comfortably and with dignity.
Who is the CEO of Franklin Senior Housing?
Angela Riley is the Secretary of Franklin Senior Housing.
What is the revenue of Franklin Senior Housing?
Franklin Senior Housing's revenue in 2022 was $208,467.
Who are the executives of Franklin Senior Housing and what are their salaries?
Here are 8 key members and their salaries:
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- Related: $191,412
- Other: $17,893
- Compensation: $0
- Related: $192,283
- Other: $17,781
Where can I find the form 990 for Franklin Senior Housing?
Franklin Senior Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Franklin Senior Housing
Franklin Senior Housing, a non-profit organization, is dedicated to promoting the well-being of senior citizens in the community. Their primary mission is to provide an affordable apartment building, housing 30 units, for low-income elderly individuals. This non-profit organization operates on a non-profit basis, aiming to make a significant impact in the lives of the elderly population by providing them with a safe and affordable living space. The mission of Franklin Senior Housing is to enhance the quality of life for its senior residents, ensuring they can age with dignity and independence.
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Impact
October, 2024
Franklin Senior Housing plays a crucial role in promoting the welfare of senior citizens in the Franklin community by providing affordable housing options. With 30 units specifically designed for low-income elderly individuals, it addresses a critical need for accessible living arrangements tailored to seniors. By ensuring that elderly residents have a safe and affordable place to call home, Franklin Senior Housing contributes to enhancing their quality of life, fostering a sense of community, and reducing the risk of homelessness among vulnerable populations. This initiative not only supports individual well-being but also strengthens the fabric of the community as a whole, promoting stability and dignity for seniors.
This information is meant to be a general summary of Franklin Senior Housing. 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: $339
- Program Service Revenue: $208,128
- Gross Receipts: $208,467
Assets and Liabilities:
- Total Assets: $3,780,496
- Total Liabilities: $87,347
- Net Assets: $3,693,149
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$111,506
HOUSING ASSISTANCE
Revenue
$95,695
MISCELLANEOUS
Revenue
$927
Organization Details
Founding Year
2012
Phone
(651) 291-1750Principal Officer
Angela Riley
Main Address
1080 MONTREAL AVENUE, ST PAUL, MN, 55116
NTEE Category
Code: L22 - Housing
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