Overview
What is Fraser Independent Living Project Iii Inc?
Fraser Independent Living Project III Inc is a nonprofit organization situated in Minneapolis, Minnesota. The primary focus of this organization is to provide subsidized housing for adults with developmental disabilities, specifically in a 24-unit apartment complex. Their mission, as outlined in the HUD project number 092-HD032-WDD, is to offer a living space for individuals with developmental disabilities who have low income, ensuring they have a suitable residence in Minnetonka, Minnesota. This initiative aims to foster independent living and community integration for those impacted by developmental disabilities.
Official website here: www.fraser.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Fraser Independent Living Project III Inc has earned an 82% rating from Charity Navigator, indicating a solid level of accountability and finance management. This rating is derived exclusively from their performance in the Accountability & Finance category, where they scored well in areas such as having an independent board and maintaining a clear conflict of interest policy.
The organization boasts a high percentage of independent board members (83%), which reflects good governance practices, and it has a robust program expense ratio of 78.55%, suggesting that a significant portion of its funding is directed toward its programs. Additionally, they have established policies for whistleblowing and document retention, contributing to transparency.
However, the organization faces challenges with its liabilities to assets ratio, rated at 186.49%, which is a significant concern. This high ratio indicates that the liabilities far exceed the assets, potentially affecting financial stability. Overall, while Fraser Independent Living Project III Inc shows strengths in governance and program spending, it will need to address its financial liabilities to strengthen its position further.
This AI summary has been generated from information found on Charity Navigator.
Is Fraser Independent Living Project Iii Inc legitimate?
Fraser Independent Living Project Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fraser Independent Living Project Iii 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.fraser.org
What is the mission statement of Fraser Independent Living Project Iii Inc?
Fraser Independent Living Project III Inc is committed to providing housing solutions for individuals with developmental disabilities and low income. Specifically, they operate an apartment complex as a HUD-funded project, serving high-functioning adults in Minnetonka, Minnesota. The organization's primary mission is to offer accommodation for these individuals, ensuring they have a safe and suitable living environment. The project currently houses 24 residents in this subsidized apartment building program.
Official website here: www.fraser.org
Who is the CEO of Fraser Independent Living Project Iii Inc?
Diane S Cross is the Ceo/Secretary/Vice Chair of Fraser Independent Living Project Iii Inc. The CEO's salary of Fraser Independent Living Project Iii Inc is $1,072 and their total compensation is $425,946.
Official website here: www.fraser.org
What is the revenue of Fraser Independent Living Project Iii Inc?
Fraser Independent Living Project Iii Inc's revenue in 2022 was $174,574.
Official website here: www.fraser.org
Who are the executives of Fraser Independent Living Project Iii Inc and what are their salaries?
There 5 volunteers at Fraser Independent Living Project Iii Inc.
Here are 12 key members and their salaries (Fraser Independent Living Project Iii Inc's CEO's salary is $1,072 and their total compensation is $425,946):
- Compensation: $1,072
- Related: $388,864
- Other: $36,010
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $600
- Related: $217,709
- Other: $0
- Compensation: $0
- Related: $162,864
- Other: $9,146
- Compensation: $674
- Related: $244,184
- Other: $11,954
- Compensation: $0
- Related: $164,559
- Other: $4,757
- Compensation: $587
- Related: $213,003
- Other: $14,336
- Compensation: $0
- Related: $142,601
- Other: $17,683
Official website here: www.fraser.org
Where can I find the form 990 for Fraser Independent Living Project Iii Inc?
Fraser Independent Living Project Iii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fraser.org
Learn more at the official website: www.fraser.org
Mission Statement of Fraser Independent Living Project Iii Inc
Fraser Independent Living Project III Inc is committed to serving individuals with developmental disabilities and low income, operating a subsidized apartment complex in Minnesota. The organization's mission, as stated, is to provide a living space for these individuals, designated as HUD Project No. 092-HD032-WDD. This apartment complex houses twenty-four high-functioning adults with developmental disabilities, offering them a secure and supportive environment. By operating this apartment complex, Fraser Independent Living Project III Inc contributes to the well-being and independence of these individuals, providing them with a place to call home.
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Impact
October, 2024
Fraser Independent Living Project III Inc significantly impacts the community by providing an essential housing solution for high-functioning adults with developmental disabilities. By operating a subsidized apartment complex in Minnetonka, Minnesota, it offers twenty-four units specifically designed for individuals with very low income.
This initiative fosters a sense of independence and empowerment among residents, allowing them to live in a supportive environment that caters to their unique needs. By addressing both housing stability and accessibility, the project enhances the quality of life for its residents. Moreover, it contributes to the integration of individuals with developmental disabilities into the community, promoting inclusivity and reducing social stigma. Overall, the project plays a vital role in enhancing the well-being of its residents and enriching the broader community.
This information is meant to be a general summary of Fraser Independent Living Project Iii 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: -$21,436
- Program Service Revenue: $195,569
- Gross Receipts: $196,022
Assets and Liabilities:
- Total Assets: $881,693
- Total Liabilities: $1,644,348
- Net Assets: -$762,655
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT FEES
Revenue
$195,569
Organization Details
Founding Year
1995
Phone
(612) 861-1688Principal Officer
Diane S Cross
Main Address
2400 WEST 64TH STREET, MINNEAPOLIS, MN, 55423
Website
www.fraser.orgNTEE Category
Code: P82 - Human services
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