Overview
What is Frances Senior Housing Corporation?
Frances Senior Housing Corporation is a nonprofit organization situated in Chicago, Illinois, specifically at 721 N La Salle St, 60654. Their primary mission is to cater to the needs of the elderly population, encompassing their physical, social, and psychological well-being. This is accomplished through their facility, Frances Manor, which accommodates approximately 75 seniors. The corporation's activities and mission revolve around providing comprehensive housing and support services tailored to the elderly, aiming to enhance their overall quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Frances Senior Housing Corporation has received a Three-Star rating from Charity Navigator, with an overall score of 79%. This rating is derived solely from its Accountability & Finance metrics, indicating a strong focus on responsible financial management and transparency. The organization has demonstrated excellence in several areas, including financial oversight, conflict of interest policies, and whistleblower protections, earning full points in these categories.
The financial health of Frances Senior Housing Corporation appears solid, with a low liabilities to assets ratio of 7.16%, which suggests effective management of its obligations. Additionally, a program expense ratio of 73.56% indicates that a significant portion of its expenditures is directed towards programs and services rather than administrative costs, reinforcing its commitment to fulfilling its mission.
While the organization showcases commendable practices in accountability and finance, potential donors and supporters may still want to consider the broader impact and outcomes of its programs. The data highlights strengths in governance and financial practices, but additional information about program efficacy could further enhance understanding of the organization's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Frances Senior Housing Corporation legitimate?
Frances Senior Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frances Senior Housing Corporation 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: $220,593
For more financial information, click here
What is the mission statement of Frances Senior Housing Corporation?
Frances Senior Housing Corporation is committed to catering to the needs of the elderly, encompassing their physical, social, and psychological well-being. By offering housing and related services, the corporation aims to create an environment that supports the overall well-being of its residents. The organization's mission is to ensure that the elderly live with dignity and independence, fostering a sense of community and providing the necessary care to enhance their quality of life. Frances Manor, their housing facility, accommodates around 75 residents.
Who is the CEO of Frances Senior Housing Corporation?
Elida Hernandez is the Chairman of Frances Senior Housing Corporation.
What is the revenue of Frances Senior Housing Corporation?
Frances Senior Housing Corporation's revenue in 2023 was $952,976.
Who are the executives of Frances Senior Housing Corporation and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $255,227
- Other: $40,428
- Compensation: $0
- Related: $227,328
- Other: $23,839
- Compensation: $0
- Related: $137,144
- Other: $49,028
- Compensation: $0
- Related: $146,128
- Other: $36,319
- Compensation: $0
- Related: $122,439
- Other: $9,518
- Compensation: $0
- Related: $104,894
- Other: $17,523
- Compensation: $0
- Related: $92,738
- Other: $20,249
- Compensation: $0
- Related: $69,813
- Other: $29,271
Where can I find the form 990 for Frances Senior Housing Corporation?
Frances Senior Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Frances Senior Housing Corporation
Frances Senior Housing Corporation, a nonprofit organization, is committed to catering to the needs of the elderly. Their mission is to provide suitable housing and essential services, encompassing physical, social, and psycho-social aspects. By offering these comprehensive services, they aim to enhance the quality of life for the elderly residents under their care. At Frances Manor, which houses approximately 75 residents, they ensure a supportive environment that addresses various aspects of the elderly's well-being.
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Impact
October, 2024
Frances Senior Housing Corporation significantly impacts the lives of elderly individuals by providing essential housing and services tailored to their physical, social, and psycho-social needs. Located in Chicago, Illinois, Frances Manor accommodates approximately 75 residents, creating a supportive community where seniors can thrive. By addressing the multifaceted challenges faced by the elderly, such as health concerns, social isolation, and emotional well-being, Frances Senior Housing Corporation enhances the quality of life for its residents. Its dedicated approach fosters not only a safe living environment but also a sense of belonging and engagement, ultimately contributing to healthier, happier, and more fulfilling lives for older adults in the community.
This information is meant to be a general summary of Frances Senior Housing Corporation. 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: $1,403
- Program Service Revenue: $938,928
- Gross Receipts: $952,976
Assets and Liabilities:
- Total Assets: $3,780,433
- Total Liabilities: $270,969
- Net Assets: $3,509,464
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Contracts Gov Agencies
Revenue
$701,416
Resident Rental Fees
Revenue
$237,512
Organization Details
Founding Year
1992
Phone
(312) 655-7000Principal Officer
Elida Hernandez
Main Address
721 N La Salle St, Chicago, IL, 60654
NTEE Category
Code: L20Z - Housing
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