Overview
What is Federation Manor Inc?
Federation Manor Inc is a nonprofit organization established in Nebraska, specifically in Omaha, with a mission to provide housing for low-income elderly individuals. They operate a 52-unit community named Livingston Plaza Apartments, which falls under the Section 8 program of the National Housing Act. The organization has entered into regulatory agreements with the Federal Housing Administration (FHA) section of HUD, securing rent assistance for its residents. The nonprofit was organized under Nebraska's not-for-profit statutes and works diligently to cater to the housing needs of the elderly population in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Federation Manor Inc has achieved an impressive score of 94%, which reflects its strong commitment to accountability and financial health. The organization is evaluated based solely on its Accountability & Finance metrics, showcasing its transparency and sound financial practices. The perfect score in several categories indicates that the organization maintains a well-functioning independent board, effectively manages its assets, and adheres to essential policies that promote ethical governance.
The nonprofit has a majority of independent board members and has implemented robust financial oversight measures, earning full points in areas such as financial statements and conflict of interest policies. Additionally, a commendable program expense ratio of 75.30% suggests that a significant portion of its resources is directed towards fulfilling its mission rather than administrative costs.
While there are no notable limitations reported, the focus on accountability and finance alone may not fully represent the organization's overall impact or effectiveness in achieving its mission. Nevertheless, the high rating reflects a strong operational foundation, which is essential for building trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Federation Manor Inc legitimate?
Federation Manor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Federation Manor 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:
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What is the mission statement of Federation Manor Inc?
Federation Manor Inc was established as a non-profit organization with the primary purpose of managing Livingston Plaza Apartments, a 52-unit community in Nebraska, providing affordable housing for low-income elderly individuals. Organized under Nebraska's not-for-profit statutes, Federation Manor Inc entered into standard regulatory agreements with the Federal Housing Administration (FHA) section of HUD, governing the operation of the community. A Housing Assistance Payments Agreement (HAP Contract) with HUD, under the Section 8 program of the National Housing Act, provides rent assistance for the residents. In simpler terms, Federation Manor Inc's mission is to manage Livingston Plaza Apartments, ensuring affordable housing for the elderly with financial assistance from the government.
Who is the CEO of Federation Manor Inc?
Don Greenberg is the President of Federation Manor Inc.
What is the revenue of Federation Manor Inc?
Federation Manor Inc's revenue in 2022 was $542,755.
Who are the executives of Federation Manor Inc and what are their salaries?
There 8 volunteers at Federation Manor Inc.
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Where can I find the form 990 for Federation Manor Inc?
Federation Manor Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Federation Manor Inc
Federation Manor Inc, a non-profit organization, was established with the primary objective of managing Livingston Plaza Apartments, a 52-unit community located in Omaha, Nebraska. This community serves as a shelter for low-income elderly individuals. The organization adheres to the not-for-profit statutes of Nebraska and has entered into standard regulatory agreements with the Federal Housing Administration (FHA) section of HUD. A Housing Assistance Payments Agreement (HAP Contract) with HUD, under the Section 8 program of the National Housing Act, provides rent assistance for the residents of this community. In essence, Federation Manor Inc's mission revolves around providing affordable housing and financial assistance to low-income elderly individuals, ensuring they can live comfortably and with dignity.
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Impact
July, 2024
Federation Manor Inc's impact lies in providing essential housing services to low-income elderly individuals in Omaha, Nebraska. Through operating the Livingston Plaza Apartments, this organization ensures that vulnerable members of the community have access to safe and affordable housing. By participating in regulatory agreements with the FHA and securing rent assistance through the Section 8 program, Federation Manor Inc plays a vital role in addressing the housing needs of elderly individuals facing financial challenges. Their work exemplifies a commitment to supporting the well-being and dignity of marginalized populations in the community.
This information is meant to be a general summary of Federation Manor 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: $413
- Program Service Revenue: $225,978
- Gross Receipts: $542,755
Assets and Liabilities:
- Total Assets: $622,833
- Total Liabilities: $167,519
- Net Assets: $455,314
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$225,978
Organization Details
Founding Year
1981
Phone
(402) 333-7373Principal Officer
Don Greenberg
Main Address
2840 S 123RD COURT, OMAHA, NE, 68144
NTEE Category
Code: L22Z - Housing
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