Overview
What is Friendship Homes Inc?
Friendship Homes Inc is a compassionate nonprofit organization headquartered in Nashville, Tennessee. Situated at 2508A Blair Blvd, they operate with a mission to provide housing solutions for disabled, handicapped, and low-income individuals and families, catering to approximately 20 to 25 residents across ten properties. Their primary activity revolves around offering suitable housing, aiming to improve the living conditions and support the well-being of those who are underserved in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Stars
Friendship Homes Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The score is primarily based on its Accountability & Finance measures, reflecting strong governance practices, such as having a fully independent board and demonstrating no material diversion of assets. The organization also maintains a favorable liabilities to assets ratio, showcasing its financial stability.
The charity excels in its program expense ratio, allocating 100% of its funds directly to its programs, which signifies a strong commitment to its mission. Moreover, the board's documentation of meeting minutes and the independence of board members further enhance its credibility and operational transparency. These factors contribute positively to the charity's overall rating.
However, while the scores in various categories are strong, the overall rating of 73% suggests that there may still be areas for improvement. Potential donors and stakeholders may want to consider these aspects when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Friendship Homes Inc legitimate?
Friendship Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friendship Homes 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: $0
For more financial information, click here
What is the mission statement of Friendship Homes Inc?
Friendship Homes Inc's mission is centered around providing housing for individuals who are disabled and fall under the low-income bracket. This mission is carried out through the ownership of ten houses, which cater to around 20 to 25 such individuals and families, ensuring they have a place to call home. The organization's primary goal is to make housing accessible for this specific group, thereby contributing to their overall well-being and quality of life.
Who is the CEO of Friendship Homes Inc?
Wallace Cartwright is the Chairman of Friendship Homes Inc.
What is the revenue of Friendship Homes Inc?
Friendship Homes Inc's revenue in 2023 was $74,982.
Who are the executives of Friendship Homes Inc and what are their salaries?
There 5 volunteers at Friendship Homes Inc.
Here are 2 key members and their salaries:
- Compensation: $24,000
- Related: $0
- Other: $0
- Compensation: $24,000
- Related: $0
- Other: $0
Where can I find the form 990 for Friendship Homes Inc?
Friendship Homes Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Friendship Homes Inc
Friendship Homes Inc, a nonprofit organization, is dedicated to providing housing solutions for disabled and low-income individuals and families. Their mission is crystal clear: to offer a home to those who are handicapped, disabled, and financially disadvantaged. The organization fulfills this mission by owning and managing ten houses that serve around 20 to 25 individuals and families in need. By offering these homes, Friendship Homes Inc plays a significant role in ensuring that these individuals have a safe and stable living environment, which is essential for their overall well-being.
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Impact
August, 2024
Friendship Homes Inc has a significant impact in Nashville, Tennessee by providing essential housing to disabled and low-income individuals and families. The organization owns 10 houses that serve 20 to 25 individuals with disabilities, handicaps, and those with limited financial resources. By offering stable and affordable housing options, Friendship Homes Inc plays a crucial role in improving the quality of life for those in need within the community.
This information is meant to be a general summary of Friendship Homes 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 2023.
- Investment Income: $2,576
- Gross Receipts: $74,982
Assets and Liabilities:
- Total Assets: $498,435
- Total Liabilities: $106,446
- Net Assets: $391,989
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Organization Details
Founding Year
2005
Phone
(615) 642-2466Principal Officer
Wallace Cartwright
Main Address
2508A BLAIR BLVD, NASHVILLE, TN, 37212
NTEE Category
Code: L20 - Housing
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