Overview
What is Friends Of Faith Ret Homes Inc?
Friends of Faith Ret Homes Inc is a nonprofit organization located at 600 Park Lane, Waterloo, IA, 50702, dedicated to the well-being of adults aged 62 and above. They provide a continuum of care including independent living, assisted living, and skilled nursing care. Their mission is to enhance the physical and spiritual well-being of seniors, while allowing them to maintain their financial independence in a congenial environment. The organization, with a workforce of 540 employees, offers a Christian ministry to its residents.
Official website here: www.friendshipvillageiowa.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
Friends Of Faith Ret Homes Inc has earned a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial management. The organization's score is solely based on its Accountability & Finance metrics, where it achieved an 81% score, showcasing a commitment to transparency and responsible use of funds.
The organization benefits from a fully independent board, with all 15 members meeting the criteria for independence. Key indicators such as its audit and oversight committee receiving full points, along with the absence of any material diversion of assets, reflect strong governance practices. Additionally, the charity has comprehensive policies in place, including conflict of interest and whistleblower protections, enhancing its accountability framework.
However, while the scoring highlights many strengths, it is important to note that the overall rating is derived from just one beacon. This may not provide a complete picture of the organization's impact or effectiveness in its mission. Prospective donors and stakeholders might want to consider additional factors beyond financial metrics to fully assess the charity's operations and outreach.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Faith Ret Homes Inc legitimate?
Friends Of Faith Ret Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Faith Ret 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: $304,548
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,083,599
For more financial information, click here
Official website here: www.friendshipvillageiowa.com
What is the mission statement of Friends Of Faith Ret Homes Inc?
Friends of Faith Ret Homes Inc is dedicated to enhancing the lives of adults aged 62 and above. Their mission is to promote the dignity of these individuals by offering a continuum of care that includes independent living, assisted living, and skilled nursing care. The organization provides living accommodations and services that enable these adults to maximize their physical and spiritual well-being while maintaining their financial independence. The congenial environment of Friends of Faith Ret Homes Inc is grounded in a Christian ministry, fostering a sense of community and support for its residents.
Official website here: www.friendshipvillageiowa.com
Who is the CEO of Friends Of Faith Ret Homes Inc?
Lisa Gates is the President/Ce of Friends Of Faith Ret Homes Inc.
Official website here: www.friendshipvillageiowa.com
What is the revenue of Friends Of Faith Ret Homes Inc?
Friends Of Faith Ret Homes Inc's revenue in 2023 was $30,283,903.
Official website here: www.friendshipvillageiowa.com
Who are the executives of Friends Of Faith Ret Homes Inc and what are their salaries?
The average compensation at Friends Of Faith Ret Homes Inc during 2023 was $19,237. There are 540 employees and 60 volunteers at Friends Of Faith Ret Homes Inc.
Here are 19 key members and their salaries:
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- Other: $23,424
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Official website here: www.friendshipvillageiowa.com
Where can I find the form 990 for Friends Of Faith Ret Homes Inc?
Friends Of Faith Ret Homes Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.friendshipvillageiowa.com
Learn more at the official website: www.friendshipvillageiowa.com
Mission Statement of Friends Of Faith Ret Homes Inc
Friends of Faith Ret Homes Inc is a nonprofit organization committed to promoting the dignity of adults aged 62 and above. Through their mission, they offer a continuum of care that includes independent living, assisted living, and skilled nursing care. The living accommodations and services provided by this organization enable older adults to maximize their physical and spiritual well-being while maintaining their financial independence.
Friends of Faith Ret Homes Inc is dedicated to creating a congenial environment for seniors, where they can live comfortably and receive the assistance they need. The organization's focus on spiritual well-being sets it apart from other care facilities, as it integrates a Christian ministry into its services. This holistic approach allows seniors to not only receive essential care but also engage in spiritual growth and fellowship.
The mission of Friends of Faith Ret Homes Inc is centered on ensuring that older adults are treated with respect and dignity, allowing them to maintain their independence and enjoy their golden years in a supportive and caring community. By offering a range of care options, Friends of Faith Ret Homes Inc caters to the diverse needs of seniors, providing them with the best possible living arrangements and services.
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Impact
October, 2024
Friends Of Faith Ret Homes Inc significantly enhances the quality of life for adults aged 62 and over by providing a comprehensive continuum of care. Their services include independent living, assisted living, and skilled nursing care, which empowers residents to maintain their physical and spiritual well-being. By fostering an environment that promotes dignity and financial independence, they create a congenial atmosphere rooted in Christian values. This holistic approach not only addresses the physical needs of seniors but also supports their emotional and spiritual health, making a profound impact on the lives of individuals and the broader community in Waterloo, IA.
This information is meant to be a general summary of Friends Of Faith Ret 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $9,881
- Program Service Revenue: $16,082,869
- Gross Receipts: $30,412,470
Assets and Liabilities:
- Total Assets: $106,965,009
- Total Liabilities: $105,131,231
- Net Assets: $1,833,778
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT SERVICE INCOME
Revenue
$9,124,589
NURSING CARE INCOME
Revenue
$3,671,468
RESIDENT ENDOWMENT INCOME
Revenue
$2,095,082
MEALS
Revenue
$709,249
CHILD CARE INCOME
Revenue
$361,803
Organization Details
Founding Year
1966
Phone
(319) 291-8100Principal Officer
Lisa Gates
Main Address
600 PARK LANE, WATERLOO, IA, 507025200
NTEE Category
Code: L220 - Housing
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