Overview
What is Flury Place Inc?
Flury Place Inc is a nonprofit organization situated in Frederick, Maryland, dedicated to providing affordable housing for individuals who are chronically mentally disabled. As per the National Affordable Housing Act, Section 811, this organization offers housing solutions to meet their specific needs. Flury Place Inc's mission is to ensure that these individuals have a secure living environment, promoting their overall well-being and contributing positively to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55%, One-Star out of Four Star rating.
Flury Place Inc has received a low rating of 55%, indicating significant concerns regarding its accountability and financial practices. Although the organization has a fully independent board, scoring the maximum points for board independence and size, it has several shortcomings in governance practices. Lack of disclosure on its website, absence of key policies such as conflict of interest and whistleblower policies, and missing documentation of board meeting minutes are notable deficiencies that adversely impact the overall score.
On the financial front, the charity shows a commendable program expense ratio of 75.88%, suggesting that a significant portion of its funds is directed towards its programs. However, the organization has a concerning liabilities to assets ratio of 130.11%, which raises red flags about its financial health and sustainability. These financial metrics imply that while the charity is focused on its mission, its financial management practices may require urgent attention to ensure long-term viability.
Overall, while Flury Place Inc demonstrates strengths in board independence and program funding, the lack of transparency and critical governance policies poses challenges that could affect donor confidence. It is essential for the organization to address these issues to improve its accountability and financial integrity in the eyes of its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Flury Place Inc legitimate?
Flury Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Flury 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Flury Place Inc?
Flury Place Inc, as a committed organization, focuses on providing affordable housing options for individuals who have been chronically mentally disabled. This is in alignment with Section 811 of the National Affordable Housing Act. Their mission is to ensure that these individuals have access to suitable housing, thereby enhancing their living conditions and quality of life. Flury Place Inc's efforts aim to provide housing that adheres to an exempt purpose, thereby contributing positively to this specific community. They strive to create a supportive environment where these individuals can reside comfortably and maintain their dignity.
Who is the CEO of Flury Place Inc?
Sarah Norman is the Treasurer of Flury Place Inc.
What is the revenue of Flury Place Inc?
Flury Place Inc's revenue in 2022 was $35,717.
Who are the executives of Flury Place Inc and what are their salaries?
There 5 volunteers at Flury Place Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $451,063
- Other: $25,617
- Compensation: $0
- Related: $172,288
- Other: $21,000
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Flury Place Inc?
Flury Place Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Flury Place Inc
Flury Place Inc, a nonprofit organization, is dedicated to providing affordable housing solutions for the chronically mentally disabled. Operating under Section 811 of the National Affordable Housing Act, Flury Place Inc aims to create an environment that caters specifically to this vulnerable population. Their mission is to offer affordable housing options that meet the unique needs of individuals with chronic mental disabilities, ensuring they have access to safe and suitable living spaces. By providing housing in accordance with an exempt purpose, Flury Place Inc plays a crucial role in supporting the well-being and independence of those who require specialized housing solutions.
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Impact
August, 2024
Flury Place Inc's impact lies in providing much-needed affordable housing to the chronically mentally disabled in Frederick, Maryland. By offering housing in accordance with their exempt purpose under Section 811 of the National Affordable Housing Act, Flury Place Inc contributes significantly to enhancing the quality of life and well-being of this vulnerable population. The organization's mission to address the housing needs of the chronically mentally disabled underscores its commitment to promoting health and stability within the community.
This information is meant to be a general summary of Flury 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: $5
- Program Service Revenue: $35,712
- Gross Receipts: $35,717
Assets and Liabilities:
- Total Assets: $499,852
- Total Liabilities: $604,552
- Net Assets: -$104,700
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$35,712
Organization Details
Founding Year
1999
Phone
(301) 662-0099Principal Officer
Sarah Norman
Main Address
PO BOX 3734, FREDERICK, MD, 21705
NTEE Category
Code: E800 - Health
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