Overview
What is Friendsvva Apartments Inc?
Friendsvva Apartments Inc is a nonprofit organization situated in Columbus, Ohio, specifically at 3443 Agler Road STE 200, 43219. Their primary mission is to offer safe and affordable housing options for the elderly and physically challenged individuals, catering to 16 units in total. The organization is dedicated to ensuring these individuals live in a clean and secure environment, thereby contributing to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 38%, Zero-Star out of Four Star rating
Friendsvva Apartments Inc has received a low rating of 38%, reflecting significant concerns in its accountability and finance practices. The score is derived solely from one beacon score where the organization scored poorly on several key metrics, particularly in governance aspects such as board independence and conflict of interest policies, both of which are missing. The organization did, however, receive full points for program expense ratio, indicating that a substantial portion of its budget is directed towards its charitable programs.
The lack of independent board members and essential policies raises questions about the organization's governance and transparency. With no independent members on the board, there is a potential risk of conflicts of interest that could affect decision-making. Furthermore, the absence of a website listed on tax forms and other crucial documentation points to issues with overall organizational transparency.
On a positive note, Friendsvva Apartments Inc has a high program expense ratio of 91.66%, which suggests that it effectively allocates funds towards fulfilling its mission. However, the financial liabilities exceeding assets at 111.77% and the absence of various necessary policies present significant limitations that need to be addressed for the organization to improve its accountability and overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Friendsvva Apartments Inc legitimate?
Friendsvva Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friendsvva Apartments 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: $23,272
For more financial information, click here
What is the mission statement of Friendsvva Apartments Inc?
Friendsvva Apartments Inc, as a mission, is committed to providing safe and decent low-income housing specifically for the physically challenged and elderly individuals. This organization strives to ensure that the living environment is clean and suitable for their unique needs. With 16 units in their inventory, they aim to make housing affordable for this particular demographic. In essence, Friendsvva Apartments Inc serves as a sanctuary, offering a secure and comfortable living space for the physically challenged and elderly individuals.
Who is the CEO of Friendsvva Apartments Inc?
Leah F Evans is the Director/President of Friendsvva Apartments Inc.
What is the revenue of Friendsvva Apartments Inc?
Friendsvva Apartments Inc's revenue in 2022 was $168,284.
Who are the executives of Friendsvva Apartments Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $180,845
- Other: $10,809
- Compensation: $0
- Related: $211,888
- Other: $23,697
- Compensation: $0
- Related: $96,957
- Other: $653
Where can I find the form 990 for Friendsvva Apartments Inc?
Friendsvva Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friendsvva Apartments Inc
Friendsvva Apartments Inc, a nonprofit organization, is dedicated to providing safe and decent housing for the physically challenged and elderly. With a focus on affordability, the organization houses 16 units, offering a secure living environment for its residents. The primary mission of Friendsvva Apartments Inc is to ensure that the physically challenged and elderly individuals live in clean and safe conditions, providing them with a sense of security and dignity. The nonprofit organization strives to maintain high standards of cleanliness and safety, ensuring that the living conditions are suitable for its vulnerable residents.
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Impact
October, 2024
Friendsvva Apartments Inc plays a crucial role in ensuring that individuals who are physically challenged and elderly have access to safe, decent, and affordable housing. By providing 16 housing units specifically designed for these vulnerable populations, the organization addresses a significant need in the community of Columbus, Ohio.
The impact of Friendsvva Apartments Inc extends beyond merely offering shelter; it creates a welcoming environment where residents can live with dignity and ease. Safe and clean housing contributes to better physical and mental health outcomes for residents, fostering a sense of community and support among neighbors. This initiative not only enhances the quality of life for its residents but also promotes inclusivity and accessibility within the broader community.
In summary, Friendsvva Apartments Inc significantly improves the living conditions of elderly and physically challenged individuals, facilitating their independence and well-being in a secure and nurturing environment.
This information is meant to be a general summary of Friendsvva Apartments 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: $393
- Program Service Revenue: $43,160
- Gross Receipts: $168,284
Assets and Liabilities:
- Total Assets: $1,703,622
- Total Liabilities: $1,823,038
- Net Assets: -$119,416
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELDERLY APTS RENTS FRO
Revenue
$42,626
OTHER RENTAL INCOME FR
Revenue
$534
Organization Details
Founding Year
1988
Phone
(614) 221-8889Principal Officer
Leah F Evans
Main Address
3443 AGLER ROAD STE 200, COLUMBUS, OH, 43219
NTEE Category
Code: L80Z - Housing
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