Overview
What is Asheboro Friends Retirement Home Inc?
Asheboro Friends Retirement Home Inc is a nonprofit organization dedicated to addressing the housing needs of the elderly community. Their primary mission is to provide affordable living accommodations for senior citizens. They achieve this by leveraging rental income, which is then used to preserve the affordability of existing units and fund the acquisition of new apartments. This ongoing effort allows them to extend their services to a larger number of elderly individuals, thereby contributing positively to their living circumstances. The organization's core focus remains on ensuring that elderly residents have access to reasonably priced housing options.
Is Asheboro Friends Retirement Home Inc legitimate?
Asheboro Friends Retirement Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asheboro Friends Retirement Home 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.
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What is the mission statement of Asheboro Friends Retirement Home Inc?
Asheboro Friends Retirement Home Inc's mission is centered around providing affordable housing for the elderly. The organization uses the income generated from rent to maintain the current housing units and invest in purchasing new apartments, thereby extending the benefits to a larger number of elderly individuals. Essentially, their mission is geared towards ensuring that elderly individuals have access to affordable living spaces.
Who is the CEO of Asheboro Friends Retirement Home Inc?
Brenda Lineberry is the President of Asheboro Friends Retirement Home Inc.
What is the revenue of Asheboro Friends Retirement Home Inc?
Asheboro Friends Retirement Home Inc's revenue in 2023 was $27,492.
Who are the executives of Asheboro Friends Retirement Home Inc and what are their salaries?
There 8 volunteers at Asheboro Friends Retirement Home Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Asheboro Friends Retirement Home Inc?
Asheboro Friends Retirement Home Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Asheboro Friends Retirement Home Inc
Asheboro Friends Retirement Home, a nonprofit organization, is committed to providing affordable housing for the elderly. Their mission is twofold: firstly, they offer low-cost living spaces for senior citizens. Secondly, they utilize the income generated from rentals to maintain the affordability of their existing apartments and invest in purchasing new units. This strategic approach allows Asheboro Friends Retirement Home to extend its benefits to a larger number of elderly individuals, thereby contributing to their well-being and overall quality of life.
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Impact
August, 2024
Asheboro Friends Retirement Home Inc's impact lies in providing affordable housing for the elderly in the Asheboro area of North Carolina. By offering low-cost housing options, the organization ensures that elderly individuals have access to comfortable and safe living arrangements without straining their finances. The rental income generated by Asheboro Friends Retirement Home is not only used to maintain existing housing units but also to acquire new apartments, thereby extending the reach of their impact to benefit even more elderly individuals in need of affordable housing. Through its mission of providing affordable housing for the elderly, Asheboro Friends Retirement Home contributes to enhancing the quality of life and well-being of elderly residents in the community.
This information is meant to be a general summary of Asheboro Friends Retirement Home 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: $3,292
- Gross Receipts: $74,859
Assets and Liabilities:
- Total Assets: $515,850
- Total Liabilities: $0
- Net Assets: $515,850
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Organization Details
Founding Year
1982
Phone
(336) 625-3718Principal Officer
Brenda Lineberry
Main Address
230 E KIVETT STREET, ASHEBORO, NC, 27203
NTEE Category
Code: L22Z - Housing
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