Overview
What is Franklin-Vance-Warren Housing Of Franklin County Inc?
Franklin-Vance-Warren Housing of Franklin County Inc is a nonprofit organization situated in Henderson, NC. Their primary focus is on providing affordable housing solutions for elderly individuals. By operating public housing facilities, they aim to fulfill the need for low-income housing options within the community, aligning with their mission to make a positive impact in the lives of this demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 71%)
Franklin-Vance-Warren Housing of Franklin County Inc has received a Two-Star rating from Charity Navigator, indicating it needs improvement. While the organization scored well in areas such as having a fully independent board and maintaining a strong program expense ratio of 94.56%, it faced challenges in governance and transparency. The absence of a whistleblower policy, document retention and destruction policy, and tax form on the nonprofit's website are notable weaknesses.
Despite these limitations, the organization demonstrates accountability with no material diversion of assets and a solid audit and oversight committee. The financial statements suggest an emphasis on program expenses, which can be a positive indicator of commitment to its mission. However, the liabilities to assets ratio, reported at 184.92%, raises concerns about financial stability and could affect the organization's long-term sustainability.
Addressing the missing policies and improving transparency could significantly enhance Franklin-Vance-Warren Housing's rating in future assessments. Stakeholders may wish to monitor these areas for improvement to ensure the organization effectively fulfills its mission while maintaining strong financial health and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Franklin-Vance-Warren Housing Of Franklin County Inc legitimate?
Franklin-Vance-Warren Housing Of Franklin County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin-Vance-Warren Housing Of Franklin County 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 Franklin-Vance-Warren Housing Of Franklin County Inc?
Franklin-Vance-Warren Housing of Franklin County Inc's mission is centered around providing affordable housing for the elderly population. This non-profit organization offers public housing facilities with the primary goal of addressing the housing needs of low-income elderly individuals. Their mission is to ensure that elderly individuals have access to suitable and affordable housing options, thereby improving their quality of life. The organization is dedicated to serving this specific demographic, providing them with the necessary housing support they require.
Who is the CEO of Franklin-Vance-Warren Housing Of Franklin County Inc?
Abdul Sm Rasheed is the Chairperson of Franklin-Vance-Warren Housing Of Franklin County Inc.
What is the revenue of Franklin-Vance-Warren Housing Of Franklin County Inc?
Franklin-Vance-Warren Housing Of Franklin County Inc's revenue in 2023 was $580,512.
Who are the executives of Franklin-Vance-Warren Housing Of Franklin County Inc and what are their salaries?
There 13 volunteers at Franklin-Vance-Warren Housing Of Franklin County Inc.
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Where can I find the form 990 for Franklin-Vance-Warren Housing Of Franklin County Inc?
Franklin-Vance-Warren Housing Of Franklin County Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Franklin-Vance-Warren Housing Of Franklin County Inc
Franklin-Vance-Warren Housing Of Franklin County Inc is committed to providing low-income housing opportunities for the elderly. This nonprofit organization focuses its mission on serving elderly individuals, offering them affordable housing options. By prioritizing the needs of this demographic, Franklin-Vance-Warren Housing Of Franklin County Inc aims to contribute to the well-being and security of the elderly community. The organization's commitment to providing affordable housing options for the elderly is a significant step in ensuring that this demographic has access to safe and adequate living arrangements. This mission is crucial in promoting the independence and dignity of elderly individuals, ensuring they can age with dignity and security.
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Impact
July, 2024
Franklin-Vance-Warren Housing of Franklin County Inc plays a crucial role in providing low-income housing for elderly individuals in Henderson, NC. By offering public housing facilities and focusing on affordable housing options for the elderly, this organization directly contributes to improving the living conditions and quality of life for this demographic. Their mission of offering low-income housing options aligns with the goal of ensuring that elderly individuals have access to safe and affordable housing. Through their efforts, Franklin-Vance-Warren Housing of Franklin County positively impacts the community by addressing a critical need and enhancing the well-being of elderly residents in the area.
This information is meant to be a general summary of Franklin-Vance-Warren Housing Of Franklin County 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: $137
- Program Service Revenue: $206,989
- Gross Receipts: $580,512
Assets and Liabilities:
- Total Assets: $1,123,828
- Total Liabilities: $2,078,219
- Net Assets: -$954,391
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$203,360
LAUNDRY AND VENDING
Revenue
$1,940
TENANT CHARGES
Revenue
$1,689
Organization Details
Founding Year
1986
Phone
(252) 492-0161Principal Officer
Abdul Sm Rasheed
Main Address
180 S BECKFORD DRIVE, HENDERSON, NC, 27536
NTEE Category
Code: S80Z - Community improvement
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