Overview
What is Founders Forest Inc?
Founders Forest Inc is a nonprofit organization that focuses on providing comfortable living arrangements for the elderly community. Based on the information provided, this organization operates as a housing facility, catering to the needs of approximately 100 elderly individuals. Their mission is centered around offering a homelike environment for this specific demographic, ensuring their well-being and meeting their unique needs. Founders Forest Inc strives to create a sense of community and care for the elderly population within its facilities.
Official website here: www.retire.org
Is Founders Forest Inc legitimate?
Founders Forest Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Founders Forest 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
Official website here: www.retire.org
What is the mission statement of Founders Forest Inc?
Founders Forest Inc., a specialized housing provider, is dedicated to catering to the needs of the elderly community. Their mission focuses on providing comfortable living arrangements for approximately 100 senior residents. The organization's primary goal is to ensure that the elderly population resides in a secure and suitable environment, meeting their unique needs effectively. Founders Forest Inc. is committed to enhancing the quality of life for elderly individuals, offering a home where they can feel cared for and supported.
Official website here: www.retire.org
Who is the CEO of Founders Forest Inc?
Lester Luther is the CEO of Founders Forest Inc The CEO's salary of Founders Forest Inc is $0 and their total compensation is $68,776.
Official website here: www.retire.org
What is the revenue of Founders Forest Inc?
Founders Forest Inc's revenue in 2023 was $1,650,781.
Official website here: www.retire.org
Who are the executives of Founders Forest Inc and what are their salaries?
Here are 23 key members and their salaries (Founders Forest Inc's CEO's salary is $0 and their total compensation is $68,776):
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- Related: $66,775
- Other: $2,001
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- Related: $127,688
- Other: $3,814
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- Related: $105,613
- Other: $2,282
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- Related: $110,451
- Other: $2,966
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- Related: $104,948
- Other: $3,048
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- Related: $106,600
- Other: $3,193
- Compensation: $0
- Related: $143,229
- Other: $3,413
Official website here: www.retire.org
Where can I find the form 990 for Founders Forest Inc?
Founders Forest Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.retire.org
Learn more at the official website: www.retire.org
Mission Statement of Founders Forest Inc
Founders Forest Inc, a nonprofit organization, is dedicated to serving the elderly community by offering comfortable living arrangements. Their mission is centered around providing housing and catering to the unique needs of approximately 100 elderly individuals. By offering specially designed facilities, Founders Forest strives to enhance the quality of life for its elderly residents, ensuring they live in a nurturing and supportive environment.
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Impact
October, 2024
Founders Forest Inc significantly enhances the quality of life for elderly individuals in Blacksburg, VA, by providing specially designed housing facilities and services tailored to their unique needs. With the capacity to accommodate around 100 residents, Founders Forest focuses on creating comfortable living environments that promote the well-being and dignity of the elderly community. The organization's commitment to exceptional living arrangements enables seniors to thrive in a supportive atmosphere, ensuring they receive the care and attention necessary for a fulfilling lifestyle. Through its efforts, Founders Forest Inc plays a vital role in addressing the housing needs of the aging population, fostering a sense of community and security among its residents.
This information is meant to be a general summary of Founders Forest 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: $21,376
- Program Service Revenue: $1,626,759
- Gross Receipts: $1,650,781
Assets and Liabilities:
- Total Assets: $10,983,106
- Total Liabilities: $8,598,718
- Net Assets: $2,384,388
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOWNHOME SERVICE FEE
Revenue
$835,927
LIFE LEASE FEES
Revenue
$683,145
CABLE TV, INTERNET, PH
Revenue
$107,687
Organization Details
Founding Year
1981
Principal Officer
William Lester
Website
www.retire.orgNTEE Category
Code: L22 - Housing
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