Overview
What is Freelandville Community Home Trust 320002017?
Freelandville Community Home Trust 320002017 is a nonprofit organization primarily focused on managing and distributing funds. Based in Evansville, Indiana, their mission is to support Freelandville Community Home, Inc., which operates in the same location. The trust receives contributions, invests wisely, and distributes the income earned to the community home. The trust's primary activity is to provide financial support to the community nursing home facility, ensuring it can continue its operations and serve the community effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 49%
Freelandville Community Home Trust has received a score of 49%, resulting in a Zero-Star out of Four Star rating which indicates significant concerns regarding accountability and financial management. The organization lacks any independent board members, which raises questions about governance and oversight. Notably, they received full points for having no material diversion of assets, indicating a level of financial integrity in that specific area.
The charity also shows a reasonable program expense ratio of 61.17%, suggesting that a majority of its funds are directed towards its programs. However, critical policies such as a conflict of interest policy and a whistleblower policy are missing, which are essential for maintaining transparency and ethical operations. Additionally, important documentation like the tax form and the charity's website are also absent, further contributing to the low accountability score.
While the organization has demonstrated some strengths in managing its assets and program expenditures, the lack of independent oversight and missing governance policies are significant limitations. Potential donors and stakeholders should exercise caution and seek further information before engaging with or supporting Freelandville Community Home Trust.
This AI summary has been generated from information found on Charity Navigator.
Is Freelandville Community Home Trust 320002017 legitimate?
Freelandville Community Home Trust 320002017 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Freelandville Community Home Trust 320002017 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: $23,878
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Freelandville Community Home Trust 320002017?
The Freelandville Community Home Trust 320002017's mission is centered around receiving contributions, strategically investing and managing assets, and distributing the earned income. The primary objective of these activities is to support the Freelandville Community Home Inc., which is not specified in the provided information. The trust's mission does not involve direct service provision but rather, it focuses on financially sustaining the Community Home Inc. by distributing its income earnings.
Who is the CEO of Freelandville Community Home Trust 320002017?
Unavailable
What is the revenue of Freelandville Community Home Trust 320002017?
Freelandville Community Home Trust 320002017's revenue in 2022 was $205,709.
Who are the executives of Freelandville Community Home Trust 320002017 and what are their salaries?
There 8 volunteers at Freelandville Community Home Trust 320002017.
There is 1 key member and their salary:
- Compensation: $23,878
- Related: $0
- Other: $0
Where can I find the form 990 for Freelandville Community Home Trust 320002017?
Freelandville Community Home Trust 320002017's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Freelandville Community Home Trust 320002017
Freelandville Community Home Trust, a nonprofit organization, is committed to its mission of raising funds, managing assets prudently, and distributing the earned income to Freelandville Community Home, Inc., which is located in Freelandville, Indiana. The primary objective of this trust is to support the operations and needs of the Freelandville Community Home, Inc. establishment. All income generated through contributions and wise asset management is directed towards this purpose.
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Impact
October, 2024
Freelandville Community Home Trust 320002017 plays a crucial role in supporting the Freelandville Community Home by managing financial contributions and assets efficiently. Its primary impact lies in the ability to provide consistent income to the Freelandville Community Nursing Home, enhancing the quality of care and services available to residents.
Through prudent investment and asset management, the Trust ensures that funds are not only preserved but also generate income that directly benefits the nursing home facility. This financial support enables the home to maintain and improve its facilities, invest in essential resources, and better serve the healthcare needs of the community.
By channeling resources into the Freelandville Community Home, the Trust contributes to the well-being of the elderly population in the area, fostering a nurturing environment that prioritizes health and comfort. Overall, the Trust's activities have a significant positive impact on community health by ensuring the sustainability and enhancement of care services at the nursing home.
This information is meant to be a general summary of Freelandville Community Home Trust 320002017. 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: $205,709
- Gross Receipts: $862,268
Assets and Liabilities:
- Total Assets: $2,251,871
- Total Liabilities: $0
- Net Assets: $2,251,871
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Organization Details
Founding Year
1981
Phone
(800) 830-0362Main Address
P O BOX 207, EVANSVILLE, IN, 477020207
NTEE Category
Code: E119 - Health
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