Overview
What is Frankford Elderly Housing Corporation?
Frankford Elderly Housing Corporation is a nonprofit organization situated in Frankford, Missouri. Its primary mission is to offer affordable housing solutions to eligible low-income residents within the community. This retirement home or senior housing program is committed to meeting the housing needs of its local population, providing them with a secure living environment. The corporation's activities are centered around this mission, ensuring that eligible individuals have access to affordable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (65%, Two-Star out of Four Star rating)
Frankford Elderly Housing Corporation has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas. While the organization scored exceptionally well in accountability and finance, achieving a perfect score of 100%, it faced significant drawbacks in governance and transparency practices. The absence of key policies, such as a conflict of interest policy and a whistleblower policy, raises concerns about its operational integrity.
The nonprofit demonstrates strong financial health with an impressive program expense ratio of nearly 90%, indicating that the majority of its expenses are directed toward its mission. Moreover, the organization has a solid independent board, reflecting good governance practices in terms of board member independence and size. However, the liabilities to assets ratio of over 60% suggests a potential concern regarding its financial stability, which could impact its sustainability in the long run.
Despite the strengths noted in financial management and board governance, the lack of essential policies and transparency measures may hinder trust among stakeholders and donors. Overall, while Frankford Elderly Housing Corporation shows promise in its financial accountability, it must address its governance deficiencies to enhance its overall effectiveness and credibility in serving the elderly community.
This AI summary has been generated from information found on Charity Navigator.
Is Frankford Elderly Housing Corporation legitimate?
Frankford Elderly Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frankford Elderly 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: $10,094
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,413
For more financial information, click here
What is the mission statement of Frankford Elderly Housing Corporation?
The mission of Frankford Elderly Housing Corporation, as a retirement home or senior housing program, is centered around providing affordable housing to eligible low-income residents. This non-profit organization is dedicated to ensuring that senior citizens in need have access to suitable living accommodations, thereby supporting their well-being and dignity in their golden years. By offering affordable housing, the corporation aims to contribute to a more equitable living situation for these individuals, who may otherwise face housing challenges due to their financial circumstances.
Who is the CEO of Frankford Elderly Housing Corporation?
Lindi Haden is the President of Frankford Elderly Housing Corporation.
What is the revenue of Frankford Elderly Housing Corporation?
Frankford Elderly Housing Corporation's revenue in 2022 was $67,710.
Who are the executives of Frankford Elderly Housing Corporation and what are their salaries?
The average compensation at Frankford Elderly Housing Corporation during 2022 was $4,169. There are 3 employees and 4 volunteers at Frankford Elderly Housing Corporation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $4,969
- Related: $0
- Other: $0
- Compensation: $5,125
- Related: $0
- Other: $0
Where can I find the form 990 for Frankford Elderly Housing Corporation?
Frankford Elderly Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Frankford Elderly Housing Corporation
Frankford Elderly Housing Corporation is dedicated to providing affordable housing opportunities for eligible low-income residents. This nonprofit organization's mission is to make a significant impact in the lives of its community members by offering affordable housing solutions. By doing so, it aims to contribute to a more inclusive and supportive society, where everyone, regardless of their financial situation, has access to a safe and comfortable living environment. The corporation's mission is centered around the belief that everyone deserves a place to call home, and it strives to provide that opportunity to those in need.
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Impact
August, 2024
Frankford Elderly Housing Corporation's impact can be seen in the provision of affordable housing to eligible low-income residents of Frankford, Missouri. This organization plays a crucial role in ensuring that seniors in the community have access to safe and affordable housing options. By offering this vital service, Frankford Elderly Housing Corporation contributes to the well-being and quality of life of senior citizens in the area. Their mission aligns with the overarching goal of supporting the housing needs of low-income individuals in the community, making a positive impact on the lives of those they serve.
This information is meant to be a general summary of Frankford Elderly 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 2022.
- Investment Income: $189
- Program Service Revenue: $64,422
- Gross Receipts: $67,710
Assets and Liabilities:
- Total Assets: $189,670
- Total Liabilities: $112,425
- Net Assets: $77,245
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$59,274
USDA RD RENTAL ASSISTA
Revenue
$5,148
Organization Details
Founding Year
1976
Phone
(573) 784-2376Principal Officer
Lindi Haden
Main Address
PO BOX 123, FRANKFORD, MO, 634410205
NTEE Category
Code: L22 - Housing
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