Overview
What is Farber Housing Association Inc?
Farber Housing Association Inc is a nonprofit organization that dedicates its efforts to providing affordable housing solutions for individuals with limited financial means. Situated within their scope, they offer housing units specifically designed for senior citizens, adhering to FMHA-16 standards. Moreover, they extend their services to accommodate low-income tenants who meet the necessary qualifications. The association also ensures the maintenance of reserve requirements for Federal Housing Administration (FHA) loan repayments, demonstrating their commitment to financial responsibility and long-term sustainability.
Is Farber Housing Association Inc legitimate?
Farber Housing Association Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Farber Housing Association Inc submitted a form 990EZ, 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.
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What is the mission statement of Farber Housing Association Inc?
The Farber Housing Association's mission is centered around providing affordable housing solutions. They cater to individuals with limited income, ensuring they meet eligibility criteria. The association maintains financial reserves for Federal Housing Administration (FHA) loan repayments. Among their programs, they offer housing units specifically designed for senior citizens and provide low-income housing to qualified tenants. This organization's primary objective is to make affordable housing accessible for those in need.
What is the revenue of Farber Housing Association Inc?
Farber Housing Association Inc's revenue in 2024 was $73,410.
Who are the executives of Farber Housing Association Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990EZ for Farber Housing Association Inc?
Farber Housing Association Inc's most recent form 990EZ was submitted in 2024 and can be accessed here.
Mission Statement of Farber Housing Association Inc
Farber Housing Association, a nonprofit organization, is committed to providing low-income housing opportunities for qualified tenants. Their mission extends beyond mere provision of housing, as they also ensure that they maintain sufficient reserves for making FMHA loan payments. Among their programs, the association offers housing units specifically designed for senior citizens through FMHA-16 units. Additionally, they cater to the housing needs of other low-income individuals by providing suitable housing units for them as well. By doing so, Farber Housing Association contributes to the well-being of its community, providing a secure living environment for those who may not otherwise have access to such facilities.
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Impact
October, 2024
Farber Housing Association Inc significantly impacts the community by providing essential low-income housing for qualified tenants, including seniors. By offering dedicated housing units, such as the FMHA-16 specifically designed for senior citizens, they help ensure that individuals and families in need have a safe and stable place to live. The association also plays a critical role in maintaining financial stability by adhering to reserve requirements for FMHA loan payments, thereby contributing to the long-term sustainability of affordable housing in the area. Through these efforts, Farber Housing Association fosters a more inclusive and supportive community for all residents in Farber, MO.
This information is meant to be a general summary of Farber Housing Association 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 2024.
- Investment Income: $962
- Program Service Revenue: $70,091
- Gross Receipts: $73,410
Assets and Liabilities:
- Total Assets: $129,555
- Total Liabilities: $72,181
- Net Assets: $57,374
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Organization Details
Principal Officer
Anna Lee Flowers
NTEE Category
Code: L22 - Housing
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