Overview
What is Fmh Foundation?
The Fmh Foundation, established in Northbrook, Illinois, is a nonprofit organization dedicated to serving the community. Its primary mission is centered around charitable, educational, and scientific pursuits, with a significant focus on providing retirement housing for low-income and disabled elderly individuals. The foundation operates within this realm, offering suitable housing options to cater to this specific demographic. The organization's activities are geared towards ensuring that the elderly, particularly those with disabilities and limited financial resources, have access to a secure living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Fmh Foundation has received a two-star rating from Charity Navigator, indicating that it has areas needing significant enhancement. While the organization scored 100% on Accountability & Finance, indicating strong financial management practices, its overall score of 63% suggests that there are several organizational weaknesses, particularly in governance and transparency.
One notable strength is the absence of material diversion of assets, demonstrating that the foundation manages its resources responsibly. However, the board's level of independence is concerning, with only 33% of members being independent. Additionally, the lack of a website listed on its tax form and missing tax forms on its website point to transparency issues that can affect stakeholder trust.
The financial ratios show that while the foundation effectively uses its resources, with a program expense ratio of 60.46%, there are still improvements needed in governance practices. Enhancing board independence and ensuring all required documents are accessible on its website could help the Fmh Foundation improve its rating and community perception.
This AI summary has been generated from information found on Charity Navigator.
Is Fmh Foundation legitimate?
Fmh Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fmh Foundation 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: $747,649
Professional Fundraising Fees: $0
Other Salaries and Wages: $509,593
For more financial information, click here
What is the mission statement of Fmh Foundation?
The Fmh Foundation is committed to charitable, educational, and scientific pursuits, primarily focusing on operating retirement homes. Its primary mission is to offer housing solutions for the elderly who are financially disadvantaged and have disabilities. The organization is dedicated to providing a living space for these individuals, ensuring they can spend their retirement years in a suitable environment. By operating retirement homes, the Fmh Foundation aims to contribute positively to the lives of vulnerable elderly people, offering them a place to call home.
Who is the CEO of Fmh Foundation?
Elyse Cutler is the Director/Vice President of Fmh Foundation.
What is the revenue of Fmh Foundation?
Fmh Foundation's revenue in 2022 was $5,583,629.
Who are the executives of Fmh Foundation and what are their salaries?
The average compensation at Fmh Foundation during 2022 was $209,540. There are 6 employees at Fmh Foundation.
Here are 8 key members and their salaries:
- Compensation: $98,788
- Related: $92,000
- Other: $10,000
- Compensation: $89,000
- Related: $92,000
- Other: $15,963
- Compensation: $570,500
- Related: $92,000
- Other: $127,134
- Compensation: $37,122
- Related: $92,000
- Other: $41,500
- Compensation: $57,850
- Related: $92,000
- Other: $22,500
- Compensation: $123,031
- Related: $0
- Other: $60,671
- Compensation: $25,000
- Related: $28,500
- Other: $0
- Compensation: $156,000
- Related: $360,000
- Other: $0
Where can I find the form 990 for Fmh Foundation?
Fmh Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fmh Foundation
The Fmh Foundation, established with charitable, educational, and scientific purposes in mind, primarily focuses on providing retirement housing for low-income and disabled elderly individuals. This nonprofit corporation is dedicated to operating facilities that cater to the unique needs of this vulnerable population, offering them a safe and supportive living environment. By operating hospitals, retirement homes, and housing specifically designed for the elderly, the Fmh Foundation aims to contribute to their overall well-being and quality of life.
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Impact
October, 2024
The FMH Foundation significantly impacts the lives of low-income and disabled elderly individuals by providing them with essential retirement housing. By focusing on the needs of this vulnerable population, the foundation creates safe and supportive environments where residents can live with dignity and receive the care they require. The foundation’s commitment to charitable, educational, and scientific purposes ensures that these individuals have access to not only housing but also necessary resources that promote their well-being. Located in Northbrook, IL, the FMH Foundation plays a vital role in addressing housing insecurities, fostering community, and enhancing the quality of life for elderly residents. Its programs are tailored to empower those who may otherwise struggle to find suitable accommodations, highlighting the importance of accessibility and inclusivity in senior living.
This information is meant to be a general summary of Fmh Foundation. 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: $621,415
- Program Service Revenue: $3,415,844
- Gross Receipts: $13,703,329
Assets and Liabilities:
- Total Assets: $31,458,081
- Total Liabilities: $17,490,709
- Net Assets: $13,967,372
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INC. ELDERLY HOUSING
Revenue
$3,415,844
Organization Details
Founding Year
1948
Phone
(847) 714-1155Principal Officer
Elyse Cutler
Main Address
666 DUNDEE ROAD 707, NORTHBROOK, IL, 600622734
NTEE Category
Code: L220 - Housing
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