Freeway Homes Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 431112009 ✦ Kansas city, MO ✦ Designated as a 501(c)(4)

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Overview

What is Freeway Homes Inc?

Freeway Homes Inc, based in Kansas City, Missouri, is a dedicated nonprofit organization. Its primary mission is to assist individuals with low income by providing cooperative housing. Operating as a public facility, Freeway Homes offers a unique living solution within its community. The organization's main activity is centered around the provision of cooperative housing, ensuring that low-income individuals have access to affordable and secure living spaces.

Is Freeway Homes Inc legitimate?

Freeway Homes Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Freeway Homes 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: $99,218

For more financial information, click here

What is the mission statement of Freeway Homes Inc?

Freeway Homes Inc. is committed to assisting individuals with limited income by providing cooperative housing. Situated as a public housing facility, Freeway Homes operates with the primary objective of supporting those in need. Its mission is twofold: to offer housing as a cooperative venture and to extend a helping hand to those who may otherwise struggle to secure adequate living accommodations. By doing so, Freeway Homes Inc. contributes to the well-being and stability of its residents, enabling them to focus on other aspects of their lives.

Who is the CEO of Freeway Homes Inc?

Faye Etta Parks is the President of Freeway Homes Inc.

What is the revenue of Freeway Homes Inc?

Freeway Homes Inc's revenue in 2022 was $601,417.

Who are the executives of Freeway Homes Inc and what are their salaries?

The average compensation at Freeway Homes Inc during 2022 was $49,609. There are 2 employees at Freeway Homes Inc.


Here are 4 key members and their salaries:


Faye Etta Parks (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda Taylor (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Chisholm (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Botreece Dunn (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Freeway Homes Inc?

Freeway Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Freeway Homes Inc

Freeway Homes Inc, as a nonprofit organization, is dedicated to assisting individuals with low income by providing cooperative housing. The mission of Freeway Homes is to support these individuals by offering a living space that promotes community and shared responsibilities. By operating as a public housing facility, Freeway Homes offers a safe and affordable living option for those in need, empowering them to build a stable home environment.

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Impact




October, 2024

Freeway Homes Inc has a significant impact on the community by providing cooperative housing for low-income individuals and families in Kansas City, MO. By offering affordable living options, Freeway Homes fosters a supportive environment that helps residents achieve stability and dignity. The cooperative model encourages participation and collaboration among residents, promoting a sense of community and shared responsibility.

Through its efforts, Freeway Homes not only addresses housing insecurity but also empowers individuals by providing them with a stake in their living environment. This holistic approach helps to alleviate financial burdens, allowing residents to focus on other essential aspects of their lives, such as education and employment. Overall, Freeway Homes Inc plays a vital role in enhancing the quality of life for low-income residents and contributing to the broader goals of social equity and community development in Kansas City.




This information is meant to be a general summary of Freeway Homes 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.

Revenue
$601,417 (2022)
Expenses
$522,996 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $301
  • Program Service Revenue: $601,116
  • Gross Receipts: $601,417

Assets and Liabilities:

  • Total Assets: $1,093,308
  • Total Liabilities: $1,150,298
  • Net Assets: -$56,990

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT REVENUE

Revenue

$595,163

TENANT CHARGES

Revenue

$5,953

Organization Details

Founding Year

1975

Principal Officer

Faye Etta Parks

Main Address

7920 WARD PARKWAY, KANSAS CITY, MO, 64114

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