Overview
What is Freemon Thomas Manor Inc?
Freemon Thomas Manor Inc is a South Carolina-based nonprofit corporation, established to provide housing solutions for low-income individuals with disabilities. Located in St. Matthews, this organization operates a 10-unit project known as Freemon Thomas Manor, in accordance with Section 811 of the National Housing Act. The mission of Freemon Thomas Manor Inc is to enhance the lives of those with disabilities by offering them a safe and supportive living environment, thereby supporting their overall well-being and independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Stars)
Freemon Thomas Manor Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of effectiveness in their financial management and accountability practices. The organization scores well in areas such as having a fully independent board, maintaining proper documentation of board meetings, and achieving a high program expense ratio, which suggests that a significant portion of their funds is directed towards their programs.
However, the rating is tempered by concerns regarding their liabilities to assets ratio, which stands at 176.40%. This high ratio may indicate financial instability or excessive debt relative to their assets, raising questions about the organization's long-term sustainability. While they excel in governance and transparency, the financial aspect may warrant attention to ensure ongoing operational viability.
Overall, Freemon Thomas Manor Inc demonstrates strong governance and responsible financial practices in certain areas, but the high liabilities could pose challenges for future growth and stability. Stakeholders might want to consider these factors when engaging with or supporting the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Freemon Thomas Manor Inc legitimate?
Freemon Thomas Manor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Freemon Thomas 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 Freemon Thomas Manor Inc?
Freemon Thomas Manor Inc is a non-profit organization established to provide housing for low-income individuals with disabilities. The corporation operates a 10-unit project known as Freemon Thomas Manor, in accordance with Section 811 of the National Housing Act, as amended. Its mission is to offer a secure living environment for those with disabilities, aiming to enhance their quality of life and support their independent living, in alignment with the principles of affordable and accessible housing.
Who is the CEO of Freemon Thomas Manor Inc?
Freemon Thomas is the President of Freemon Thomas Manor Inc.
What is the revenue of Freemon Thomas Manor Inc?
Freemon Thomas Manor Inc's revenue in 2022 was $83,198.
Who are the executives of Freemon Thomas Manor Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Freemon Thomas Manor Inc?
Freemon Thomas Manor Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Freemon Thomas Manor Inc
Freemon Thomas Manor Inc, a South Carolina-based non-profit corporation, was established to provide housing for individuals with disabilities who are low-income. Specifically, the organization operates a 10-unit project known as Freemon Thomas Manor, in accordance with Section 811 of the National Housing Act. This project is designed to offer a safe and supportive living environment for those in need, catering to their unique requirements and ensuring they can reside in dignity. The mission of Freemon Thomas Manor Inc is to enhance the quality of life for its residents, providing them with a stable and secure home environment, thereby contributing to their overall well-being and independence.
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Impact
June, 2024
Freemon Thomas Manor Inc's impact lies in providing crucial housing assistance to low-income individuals with disabilities in St. Matthews, South Carolina. By operating a 10-unit housing project under Section 811 of the National Housing Act, the organization addresses a vital need in the community. This initiative not only offers affordable housing but also contributes to enhancing the quality of life for individuals facing mental health challenges. Freemon Thomas Manor Inc plays a significant role in promoting inclusivity and ensuring that vulnerable populations have a safe and supportive living environment.
This information is meant to be a general summary of Freemon Thomas 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: $10
- Program Service Revenue: $22,519
- Gross Receipts: $83,198
Assets and Liabilities:
- Total Assets: $387,158
- Total Liabilities: $641,175
- Net Assets: -$254,017
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$22,519
Organization Details
Founding Year
2001
Phone
(803) 536-1056Principal Officer
Freemon Thomas
Main Address
862 MOORER ROAD, ST MATTHEWS, SC, 29135
NTEE Category
Code: F33 - Mental health
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