Overview
What is Friends Fellowship Community Inc?
Friends Fellowship Community Inc. is a nonprofit organization situated in Richmond, Indiana, adhering to the Quaker tradition. Established as a continuing care retirement community, it provides a comprehensive range of accommodations for individuals aged 60 and above. The continuum of care includes independent housing, assisted living, nursing services, and specialized care units for individuals with Alzheimer's and other forms of dementia. Nearly 95% of residents have entered into a life lease contract, ensuring lifetime care and guaranteed access to comprehensive nursing services, funded solely by the organization's resources for those who have depleted their personal funds. The organization's mission is to promote dignity, security, and independence within a gracious environment, emphasizing quality residential and health care services. With a workforce of 272 employees, Friends Fellowship Community Inc. is dedicated to enhancing the lives of its elderly residents.
Official website here: www.ffcinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Friends Fellowship Community Inc has received an 81% rating from Charity Navigator, primarily reflecting its strong accountability and finance standards. The organization showcases an entirely independent board and has robust financial oversight measures in place, with no material diversions of assets reported. However, the rating lacks scores for impact measurement and organizational culture, which could provide a more comprehensive view of the nonprofit's effectiveness.
The organization exhibits noteworthy strengths in its financial responsibilities, with a high program expense ratio indicating that a significant portion of its funds go directly to its mission. While the accountability measures are commendable, the lack of available data on leadership and adaptability raises questions about its broader impact and strategic direction.
Unfortunately, user reviews from GreatNonprofits could not be fetched, leaving a gap in sentiment analysis from the community. Overall, Friends Fellowship Community Inc demonstrates solid financial accountability but may benefit from clearer insights into its impact and organizational practices.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Fellowship Community Inc legitimate?
Friends Fellowship Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Fellowship Community 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: $283,529
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,928,601
For more financial information, click here
Official website here: www.ffcinc.org
What is the mission statement of Friends Fellowship Community Inc?
Friends Fellowship Community Inc, following the Quaker tradition, operates as a not-for-profit continuing care retirement community. Their mission is centered around delivering a continuum of high-quality residential and healthcare services, promoting dignity, security, and independence in a comforting environment. Residents can transition through this continuum as their needs change over time, with various accommodations available such as independent housing, assisted living, and specialized care units for individuals with Alzheimer's and dementia. Nearly 95% of the residents have entered into a life lease contract, ensuring lifetime care and guaranteed access to comprehensive nursing services. Financial assistance is provided to residents who have exhausted their personal resources, funded solely by the organization's resources.
Official website here: www.ffcinc.org
Who is the CEO of Friends Fellowship Community Inc?
Unavailable
Official website here: www.ffcinc.org
What is the revenue of Friends Fellowship Community Inc?
Friends Fellowship Community Inc's revenue in 2022 was $10,197,926.
Official website here: www.ffcinc.org
Who are the executives of Friends Fellowship Community Inc and what are their salaries?
The average compensation at Friends Fellowship Community Inc during 2022 was $19,162. There are 272 employees and 38 volunteers at Friends Fellowship Community Inc.
Here are 18 key members and their salaries:
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- Compensation: $150,958
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- Other: $26,904
- Compensation: $158,529
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- Other: $22,533
Official website here: www.ffcinc.org
Where can I find the form 990 for Friends Fellowship Community Inc?
Friends Fellowship Community Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ffcinc.org
Learn more at the official website: www.ffcinc.org
Mission Statement of Friends Fellowship Community Inc
Friends Fellowship Community, a not-for-profit organization rooted in the Quaker tradition, is dedicated to providing a continuum of high-quality residential and healthcare services. Their mission is centered around upholding the principles of dignity, security, and independence while creating a gracious living environment for individuals over 60. Residents can progress through this continuum as their needs change over time, moving from independent cottages to assisted living, and ultimately receiving comprehensive nursing services in the Healthcare Center if needed. Nearly 95% of the residents have entered into a lifelong care contract with Friends Fellowship Community, which guarantees access to comprehensive nursing services and financial assistance for those who exhaust their personal resources. This commitment to lifetime care is a testament to the organization's dedication to supporting its residents throughout their golden years.
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Impact
October, 2024
Friends Fellowship Community Inc significantly enriches the lives of seniors by providing a comprehensive continuum of care that adapts to their changing needs over time. Serving 228 individuals aged 60 and above, it offers a variety of living accommodations, including independent duplex cottages and congregate living options, as well as support through assisted living arrangements and specialized health care services.
The community prioritizes the well-being of its residents, promoting dignity, security, and independence within a nurturing environment rooted in the Quaker tradition. Nearly 95% of residents benefit from life lease contracts, which ensure lifetime care and access to comprehensive nursing services, thereby offering peace of mind to both residents and their families.
Additionally, Friends Fellowship Community extends financial assistance to those who outlive their personal resources, ensuring that all residents can receive the care they need regardless of their financial situation. This commitment not only enhances the quality of life for individuals but also fosters a sense of belonging and community among residents, making it a vital resource for seniors in Richmond, IN.
This information is meant to be a general summary of Friends Fellowship Community 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: $327,328
- Program Service Revenue: $9,600,318
- Gross Receipts: $10,639,620
Assets and Liabilities:
- Total Assets: $28,843,678
- Total Liabilities: $24,817,554
- Net Assets: $4,026,124
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Monthly Care Fees
Revenue
$3,868,202
Alzheimer's Unit
Revenue
$1,973,894
Health Care Center
Revenue
$1,772,612
Amortization Life-Lease Fees
Revenue
$1,029,827
ASSISTED RESIDENTIAL
Revenue
$955,783
Organization Details
Founding Year
1958
Phone
(765) 962-6546Main Address
2030 Chester Boulevard, Richmond, IN, 47374
Website
www.ffcinc.orgNTEE Category
Code: P75Z - Human services
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