Overview
What is Flinn Place Inc?
Flinn Place Inc is a nonprofit organization situated in Marion, Indiana, primarily focused on providing housing solutions for the elderly with low income. Operating under Section 202 of the National Housing Act, the organization is overseen by the US Department of Housing and Urban Development (HUD). The 23-unit apartment project they manage serves as a valuable resource for this vulnerable population, ensuring they have a safe and secure living environment. With a dedicated workforce of three individuals, Flinn Place Inc is committed to offering essential housing support to those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Star rating.
Flinn Place Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. The overall score is solely based on the organization’s Accountability & Finance metrics, where it scored 65%. While the organization demonstrates strengths in having a majority independent board and a solid program expense ratio of 72.70%, the high liabilities to assets ratio of 193.76% notably detracts from its overall financial health.
The nonprofit's governance is positively highlighted by perfect scores in board independence and the documentation of meeting minutes, suggesting a commitment to transparency and responsible oversight. However, the significant liabilities compared to assets raises concerns about financial sustainability and could impact the organization’s ability to meet its long-term obligations.
In summary, while Flinn Place Inc shows strengths in governance and program spending, the financial ratios indicate potential risks that stakeholders may need to consider. Continuous monitoring of financial health will be essential for the organization to enhance its overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Flinn Place Inc legitimate?
Flinn Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Flinn Place 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: $34,020
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,526
For more financial information, click here
What is the mission statement of Flinn Place Inc?
Flinn Place Inc, an organization under Section 202 of the National Housing Act, is primarily focused on providing housing solutions. This is done specifically for individuals who fall under the category of low-income elderly. The organization operates under an agreement with the Department of Housing and Urban Development (HUD), ensuring compliance with the necessary regulations. The primary mission of Flinn Place Inc is to provide suitable housing accommodations for this specific demographic, adhering to the guidelines set by the National Housing Act.
Who is the CEO of Flinn Place Inc?
Larry Howard is the President of Flinn Place Inc.
What is the revenue of Flinn Place Inc?
Flinn Place Inc's revenue in 2022 was $151,932.
Who are the executives of Flinn Place Inc and what are their salaries?
The average compensation at Flinn Place Inc during 2022 was $21,515. There are 3 employees and 8 volunteers at Flinn Place Inc.
Here are 9 key members and their salaries:
- Compensation: $32,760
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
Where can I find the form 990 for Flinn Place Inc?
Flinn Place Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Flinn Place Inc
Flinn Place Inc, a nonprofit organization, is dedicated to providing housing for low-income elderly individuals. Operating under Section 202 of the National Housing Act, Flinn Place is regulated by the United States Department of Housing and Urban Development. The mission of Flinn Place Inc is to offer suitable living quarters for elderly individuals who fall under the low-income bracket, in line with the terms set by the National Housing Act and in agreement with the Department of Housing and Urban Development. This mission is instrumental in ensuring that the elderly have access to safe and affordable housing, thereby improving their quality of life.
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Impact
October, 2024
Flinn Place Inc plays a crucial role in the community by providing stable and affordable housing options for low-income elderly individuals in Marion, Indiana. By offering 23 dedicated apartment units, it addresses a significant need for accessible living arrangements for seniors who may be on fixed incomes and facing housing insecurity. The facilities are operated under Section 202 of the National Housing Act, ensuring that residents have access to safe, affordable accommodations that enhance their quality of life.
The impact of Flinn Place goes beyond mere provision of housing; it fosters a supportive living environment that empowers elderly residents, allowing them to maintain independence while being part of a community. This initiative not only contributes to the well-being of its residents but also alleviates broader social challenges associated with aging populations, promoting dignity and stability for some of the most vulnerable members of society.
This information is meant to be a general summary of Flinn Place 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: $84
- Program Service Revenue: $149,015
- Gross Receipts: $151,932
Assets and Liabilities:
- Total Assets: $748,837
- Total Liabilities: $1,451,007
- Net Assets: -$702,170
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT SUBSIDY PAYMENTS
Revenue
$77,387
TENENT RENT AND CHARGES
Revenue
$69,487
LAUNDRY AND VENDING INCOME
Revenue
$2,141
Organization Details
Founding Year
2001
Phone
(765) 668-8115Principal Officer
Larry Howard
Main Address
612 WEST 12TH STREET, MARION, IN, 46953
NTEE Category
Code: L22 - Housing
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