Overview
What is F W Residential Properties Inc?
F W Residential Properties Inc is a nonprofit organization situated in Nashville, Tennessee. Its primary objective is to acquire, construct, and operate housing facilities catering to the unique needs and living requirements of eligible residents. The organization is associated with Centerstone of Illinois, a renowned entity with a 50-year history of providing mental health counseling, substance abuse treatment, life skills enrichment programs, and specialized services for adults with intellectual and developmental disabilities. Serving over 14,000 individuals annually in the South Central and Metropolitan East St. Louis area, F W Residential Properties Inc is committed to delivering care that significantly improves people's lives.
Official website here: www.centerstone.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62%, earning a Two-Star out of Four Star rating.
F W Residential Properties Inc has received a two-star rating, indicating that while the organization demonstrates some level of accountability and financial health, there are significant areas for improvement. The accountability and finance score stands at 62%, reflecting a lack of independent board members, which can raise concerns about governance and oversight.
Despite these governance issues, the organization shows strong adherence to certain policies, such as having a conflict of interest policy and a whistleblower policy in place. Additionally, it has reported a 100% program expense ratio, suggesting that all of its expenses are directed towards its programs. However, there is a notable concern regarding the liabilities to assets ratio, which stands at 77.41%, indicating potential financial vulnerability.
Overall, while F W Residential Properties Inc demonstrates strengths in program spending and policy adherence, its lack of independent oversight and high liabilities compared to assets present challenges that future funding and operational effectiveness may hinge upon. It would benefit from implementing measures to enhance board independence and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is F W Residential Properties Inc legitimate?
F W Residential Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. F W Residential Properties 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: $0
For more financial information, click here
Official website here: www.centerstone.org
What is the mission statement of F W Residential Properties Inc?
F W Residential Properties Inc's mission is centered around delivering care that significantly impacts people's lives. The organization's primary goal is to acquire, construct, provide, and operate housing and related facilities tailored to the unique needs and living requirements of eligible occupants. F W Residential Properties Inc is affiliated with Centerstone of Illinois, an organization with a 50-year history of serving various populations, including children, youth, adults, and families. Centerstone offers mental health counseling, substance abuse treatment, life skills enrichment programs, and specialized services for adults with intellectual and developmental disabilities. Each year, F W Residential Properties Inc serves over 14,000 individuals across different age groups in the South Central and Metropolitan East St. Louis area through these services.
Official website here: www.centerstone.org
Who is the CEO of F W Residential Properties Inc?
Carol Bean is the Principal Officer of F W Residential Properties Inc.
Official website here: www.centerstone.org
What is the revenue of F W Residential Properties Inc?
F W Residential Properties Inc's revenue in 2023 was $106,184.
Official website here: www.centerstone.org
Who are the executives of F W Residential Properties Inc and what are their salaries?
There 5 volunteers at F W Residential Properties Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $199,063
- Other: $15,010
- Compensation: $0
- Related: $102,561
- Other: $3,429
- Compensation: $0
- Related: $146,315
- Other: $14,983
- Compensation: $0
- Related: $83,665
- Other: $8,730
- Compensation: $0
- Related: $98,056
- Other: $13,420
- Compensation: $0
- Related: $226,085
- Other: $22,622
Official website here: www.centerstone.org
Where can I find the form 990 for F W Residential Properties Inc?
F W Residential Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.centerstone.org
Learn more at the official website: www.centerstone.org
Mission Statement of F W Residential Properties Inc
F W Residential Properties Inc, a dedicated organization, is committed to delivering care that significantly transforms people's lives. Their mission lies in acquiring, constructing, providing, and operating housing and related facilities that cater to the unique needs and living requirements of eligible occupants. This nonprofit is associated with Centerstone of Illinois, an establishment with a 50-year history of serving children, youth, adults, and families through mental health counseling, substance abuse treatment, life skills enrichment programs, and specialized services for adults with intellectual and developmental disabilities. Each year, this corporation serves over 14,000 individuals of all ages in the South Central and Metro East St. Louis area.
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Impact
October, 2024
F W Residential Properties Inc plays a crucial role in enhancing the lives of individuals in the South Central and Metro East St. Louis area by providing specialized housing and related facilities designed for people with unique living needs. Through partnership with Centerstone of Illinois, the organization draws on over 50 years of experience in delivering comprehensive support services, including mental health counseling, substance abuse treatment, and life skills enrichment programs.
The impact of F W Residential Properties is significant, as it directly serves more than 14,000 individuals annually, offering them safe and supportive living environments tailored to their specific requirements. This not only addresses immediate housing needs but also fosters greater independence and improved quality of life for occupants, particularly for those with intellectual and developmental disabilities. By focusing on delivering care that transforms lives, F W Residential Properties Inc contributes to the well-being and empowerment of vulnerable populations, making a meaningful difference in their communities.
This information is meant to be a general summary of F W Residential Properties 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 2023.
- Investment Income: $21
- Program Service Revenue: $105,963
- Gross Receipts: $106,184
Assets and Liabilities:
- Total Assets: $1,297,745
- Total Liabilities: $1,004,629
- Net Assets: $293,116
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$105,963
Organization Details
Founding Year
2000
Phone
(615) 463-6610Principal Officer
Carol Bean
Main Address
44 VANTAGE WAY SUITE 400, NASHVILLE, TN, 37228
Website
www.centerstone.orgNTEE Category
Code: L20 - Housing
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