Overview
What is Fairview Park Senior Apartment Corp?
Fairview Park Senior Apartment Corp is a nonprofit corporation, headquartered in Fairview Park, Ohio. Their primary mission is to support elderly individuals by providing them with housing and related services, catering to their physical and social needs. This organization carries out its purpose through various program service expenses, as noted in the information provided. With a workforce of nine dedicated employees, Fairview Park Senior Apartment Corp aims to make a significant impact in the lives of the elderly community.
Official website here: www.willowoodmanor.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Stars
Fairview Park Senior Apartment Corp has received an 81% rating from Charity Navigator, earning a Three-Star designation. This score reflects a strong emphasis on accountability and finance, with a perfect score in several governance areas, such as having a fully independent board and comprehensive financial oversight. The organization demonstrates good practices in conflict of interest policies and whistleblower protections.
One of the notable strengths of Fairview Park is its high program expense ratio, indicating that a significant portion of its budget is directed towards its programs. This is a positive indicator of the organization’s commitment to its mission. Moreover, the absence of material diversion of assets suggests a solid financial integrity, which is reassuring for donors and stakeholders.
However, a concern arises from the liabilities to assets ratio, which stands at 201.87%. This figure indicates potential financial risk, as the organization may have more liabilities than assets. While the overall accountability and transparency of Fairview Park Senior Apartment Corp is commendable, this financial aspect may warrant further scrutiny by potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Fairview Park Senior Apartment Corp legitimate?
Fairview Park Senior Apartment Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairview Park Senior Apartment Corp 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: $135,921
For more financial information, click here
Official website here: www.willowoodmanor.com/
What is the mission statement of Fairview Park Senior Apartment Corp?
Fairview Park Senior Apartment Corp, as a non-profit organization, is dedicated to catering to the needs of elderly individuals. Its primary mission is to provide them with suitable housing and related services. The organization aims to enhance their physical and social well-being, ensuring a comfortable living environment. The initiatives and expenses of Fairview Park Senior Apartment Corp are geared towards realizing this purpose, ultimately aiming to improve the quality of life for the elderly population.
Official website here: www.willowoodmanor.com/
Who is the CEO of Fairview Park Senior Apartment Corp?
Bill Minek is the President of Fairview Park Senior Apartment Corp.
Official website here: www.willowoodmanor.com/
What is the revenue of Fairview Park Senior Apartment Corp?
Fairview Park Senior Apartment Corp's revenue in 2023 was $778,216.
Official website here: www.willowoodmanor.com/
Who are the executives of Fairview Park Senior Apartment Corp and what are their salaries?
The average compensation at Fairview Park Senior Apartment Corp during 2023 was $15,102. There are 9 employees at Fairview Park Senior Apartment Corp.
Here are 8 key members and their salaries:
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Official website here: www.willowoodmanor.com/
Where can I find the form 990 for Fairview Park Senior Apartment Corp?
Fairview Park Senior Apartment Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.willowoodmanor.com/
Learn more at the official website: www.willowoodmanor.com/
Mission Statement of Fairview Park Senior Apartment Corp
Fairview Park Senior Apartment Corp is a non-profit organization committed to serving the needs of elderly individuals. Their mission is to provide housing and related services that cater to both the physical and social needs of this demographic. This non-profit corporation's primary goal is to assist elderly people in finding suitable living arrangements, ensuring their well-being and fostering a sense of community. The program service expenses listed in the information provided are indicative of their efforts in carrying out this mission.
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Impact
October, 2024
Fairview Park Senior Apartment Corp significantly enhances the quality of life for elderly individuals in Fairview Park, OH, by providing essential housing assistance tailored to meet their unique physical and social needs. By offering safe, affordable, and accessible living options, the organization plays a crucial role in fostering a sense of community among residents. This support not only addresses the immediate housing needs of seniors but also facilitates social engagement and connection, helping to combat isolation and promote overall well-being. The services provided help to ensure that elderly residents can enjoy a fulfilling lifestyle while receiving the necessary care and assistance, ultimately contributing to a healthier, more vibrant community.
This information is meant to be a general summary of Fairview Park Senior Apartment Corp. 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: $1,060
- Program Service Revenue: $777,156
- Gross Receipts: $778,216
Assets and Liabilities:
- Total Assets: $1,875,569
- Total Liabilities: $3,786,283
- Net Assets: -$1,910,714
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$759,533
MISC. INCOME
Revenue
$8,961
CABLE SERVICE
Revenue
$7,337
LAUNDRY
Revenue
$1,325
Organization Details
Founding Year
1987
Phone
(440) 331-0670Principal Officer
Bill Minek
Main Address
20665 LORAIN ROAD, FAIRVIEW PARK, OH, 44126
Website
www.willowoodmanor.com/NTEE Category
Code: L22Z - Housing
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