Overview
What is Friends For Life Corporation?
Friends For Life Corporation is a nonprofit organization situated in Memphis, Tennessee, specifically at 43 N Cleveland St. Established with a mission to assist individuals and families affected by HIV/AIDS, they have provided housing aid to numerous people since their inception. Their social and charitable services aim to enhance the lives of these families, offering education, healthcare, transportation, and skills training. The comprehensive approach of Friends For Life Corporation, centered around its clients, seeks to empower those living with HIV/AIDS, encouraging a healthier lifestyle and overall well-being within the Mid-South community. With a team of 83 dedicated employees, they strive to make a significant difference in people's lives.
Official website here: www.friendsforlife.org
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 89% (Three-Star out of Four Stars )**ar rating)**
Friends For Life Corporation has earned a commendable rating of 89% from Charity Navigator, indicating a solid performance in terms of accountability and finance, which constitutes the majority of its score. The organization demonstrates a strong commitment to transparency, boasting a fully independent board and comprehensive governance policies, including conflict of interest and whistleblower policies. Its program expense ratio of 83.44% reflects a focus on allocating resources effectively towards its mission.
The organization also excels in its Culture & Community score, achieving a perfect 100%. This underscores its dedication to engaging with the communities it serves and continuously improving client experiences through feedback mechanisms. Additionally, Friends For Life Corporation has actively implemented practices promoting racial equity, highlighting its commitment to inclusivity and social justice.
However, the organization faces limitations due to a lack of evaluable data in the areas of Impact & Measurement and Leadership & Adaptability, which prevents a more comprehensive assessment of its overall effectiveness. As such, while Friends For Life Corporation shows strong governance and community engagement, potential donors and supporters might seek more information regarding its long-term outcomes and leadership practices.
This AI summary has been generated from information found on Charity Navigator.
Is Friends For Life Corporation legitimate?
Friends For Life Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends For Life Corporation 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: $341,089
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,705,995
For more financial information, click here
Official website here: www.friendsforlife.org
What is the mission statement of Friends For Life Corporation?
The mission of Friends For Life Corporation is centered around assisting individuals and families affected by HIV/AIDS. Their objective is to help these individuals live well by providing a comprehensive, client-focused approach. This encompasses education, housing, food, and training in healthy life skills. The organization aims to enlighten the community, striving to improve the lives of those affected in the Mid-South. Friends For Life Corporation also offers direct housing assistance to numerous individuals and families living with HIV/AIDS, contributing significantly to their wellbeing since its establishment.
Official website here: www.friendsforlife.org
Who is the CEO of Friends For Life Corporation?
Diane Duke is the Chair of Friends For Life Corporation. The CEO's salary of Friends For Life Corporation is $126,864 and their total compensation is $130,451.
Official website here: www.friendsforlife.org
What is the revenue of Friends For Life Corporation?
Friends For Life Corporation's revenue in 2022 was $8,061,223.
Official website here: www.friendsforlife.org
Who are the executives of Friends For Life Corporation and what are their salaries?
The average compensation at Friends For Life Corporation during 2022 was $36,712. There are 83 employees and 30 volunteers at Friends For Life Corporation.
Here are 21 key members and their salaries (Friends For Life Corporation's CEO's salary is $126,864 and their total compensation is $130,451):
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- Other: $3,170
Official website here: www.friendsforlife.org
Where can I find the form 990 for Friends For Life Corporation?
Friends For Life Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.friendsforlife.org
Learn more at the official website: www.friendsforlife.org
Mission Statement of Friends For Life Corporation
Friends for Life Corporation is a nonprofit organization dedicated to assisting individuals and families affected by HIV/AIDS. Their mission is to enhance the quality of life for those affected by this disease. Through a comprehensive, client-centered approach, they offer a range of services including education, housing, food, and training in healthy life skills. Their goal is to enlighten and support the mid-South community, striving to make a positive impact in the lives of those affected by HIV/AIDS.
Since its inception, Friends for Life Corporation has provided direct housing assistance to numerous individuals and families living with HIV/AIDS. This crucial service has been instrumental in improving their living conditions and overall well-being. The organization's approach is centered around the needs of its clients, ensuring that they receive the support they require to navigate their challenges and live as healthily as possible. By offering a variety of services, Friends for Life Corporation plays a significant role in helping those affected by HIV/AIDS to not only survive but to thrive.
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Impact
July, 2024
Friends For Life Corporation has had a significant impact on the community by providing direct housing assistance to individuals and families living with HIV/AIDS in Memphis, TN. Through their comprehensive programs that include education, housing, food, transportation, and healthy life skills training, the organization has helped hundreds of people affected by HIV/AIDS live well since its inception. Friends For Life Corporation's dedication to serving the needs of those affected by HIV/AIDS has not only provided essential support but has also helped enlighten the community in the Mid-South region about the challenges faced by this population.
This information is meant to be a general summary of Friends For Life Corporation. 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: $120,641
- Program Service Revenue: $1,922,283
- Gross Receipts: $9,709,614
Assets and Liabilities:
- Total Assets: $7,299,402
- Total Liabilities: $3,585,850
- Net Assets: $3,713,552
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$1,922,283
Organization Details
Founding Year
1985
Phone
(901) 272-0855Principal Officer
Diane Duke
Main Address
43 N CLEVELAND ST, MEMPHIS, TN, 38104
Website
www.friendsforlife.orgNTEE Category
Code: P70Z - Human services
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