Overview
What is Farmdale Adult Citizens Tower Ii?
Farmdale Adult Citizens Tower II is a specialized senior living facility located at 795 Ridge Lake Blvd, Memphis, TN 38120. This nonprofit organization is dedicated to providing housing and services tailored to meet the needs of individuals aged 62 and above, as well as those with disabilities or handicaps. The organization operates in compliance with the regulations set by the U.S. Department of Housing and Urban Development, ensuring a safe and supportive living environment for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
Farmdale Adult Citizens Tower II has received a two-star rating, indicating areas that require attention and improvement. The organization demonstrates strong financial management with a high program expense ratio of 90.98% and an excellent liability to assets ratio of only 0.12%. Additionally, it benefits from a fully independent board, scoring full points in both majority independent board members and board size.
However, significant weaknesses are noted in the areas of accountability and transparency. The charity has missing essential governance policies, including conflict of interest and whistleblower policies, which are critical to maintaining integrity and trust. Furthermore, the organization did not disclose its tax form on its website, which detracts from its overall transparency and accountability. This combination of solid financials but lacking governance structures indicates a need for improvement to enhance the nonprofit's credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Farmdale Adult Citizens Tower Ii legitimate?
Farmdale Adult Citizens Tower Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Farmdale Adult Citizens Tower Ii 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 Farmdale Adult Citizens Tower Ii?
Farmdale Adult Citizens Tower II is committed to providing senior citizen housing facilities and services, specifically designed for individuals aged 62 and above, as well as those who are handicapped or disabled. This is done in accordance with the regulations set by the U.S. Department of Housing and Urban Development. Their mission is to ensure a comfortable living environment and necessary services for this demographic, adhering to the established regulations. However, it's important to note that the facility was sold in 2021, and it remains open temporarily until a new facility is determined.
Who is the CEO of Farmdale Adult Citizens Tower Ii?
Mathew Osborne is the President of Farmdale Adult Citizens Tower Ii.
What is the revenue of Farmdale Adult Citizens Tower Ii?
Farmdale Adult Citizens Tower Ii's revenue in 2022 was $0.
Who are the executives of Farmdale Adult Citizens Tower Ii and what are their salaries?
There 7 volunteers at Farmdale Adult Citizens Tower Ii.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Farmdale Adult Citizens Tower Ii?
Farmdale Adult Citizens Tower Ii's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Farmdale Adult Citizens Tower Ii
Farmdale Adult Citizens Tower II is dedicated to providing senior citizen housing facilities and services, specifically tailored for individuals who are 62 years old or above, handicapped, or disabled. This organization adheres to the regulations established by the U.S. Department of Housing and Urban Development. Their mission is to create a living environment that caters to the unique needs of this demographic, ensuring a comfortable and supportive residence for them. Despite the facility having been sold in 2021, Farmdale Adult Citizens Tower II continues to operate until a new facility is determined, demonstrating its commitment to the well-being of its residents.
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Impact
October, 2024
Farmdale Adult Citizens Tower II plays a crucial role in addressing the housing needs of seniors and individuals with disabilities in Memphis, TN. By providing dedicated housing facilities and services for people aged 62 and older, as well as those who are handicapped or disabled, it creates a supportive environment tailored to their unique requirements. This initiative not only ensures access to safe and affordable housing but also fosters a sense of community among residents.
The facility's commitment to adhere to regulations set by the U.S. Department of Housing and Urban Development reinforces its role in promoting equitable housing opportunities for vulnerable populations. Even though the facility has been sold and a new location is being sought, its ongoing operations until a transition is finalized signify a continued dedication to enhancing the quality of life for its residents. In a broader context, Farmdale Adult Citizens Tower II contributes to the well-being of the senior population, helping to mitigate issues such as isolation and lack of access to essential services.
This information is meant to be a general summary of Farmdale Adult Citizens Tower Ii. 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.
Assets and Liabilities:
- Total Assets: $909,018
- Total Liabilities: $1,100
- Net Assets: $907,918
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Organization Details
Founding Year
2000
Phone
(678) 860-6833Principal Officer
Mathew Osborne
Main Address
795 RIDGE LAKE BLVD 300, MEMPHIS, TN, 38120
NTEE Category
Code: L22 - Housing
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