Overview
What is Federation Landings Inc?
Federation Landings Inc is a nonprofit organization situated in Sunrise, Florida (specifically at 5020 NOB Hill Road). Their primary mission is dedicated to providing affordable housing for the elderly population in Broward County, Florida. They own and manage a 77-unit residential apartment complex specifically designed for this demographic. With a workforce of six dedicated individuals, Federation Landings Inc plays a crucial role in ensuring elderly citizens have access to safe and suitable living environments.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Federation Landings Inc has earned a Three-Star rating from Charity Navigator, indicating a solid performance with a score of 84%. This rating is based entirely on the Accountability & Finance beacon, highlighting the organization's strong governance and financial health. The absence of any material diversion of assets and the presence of a comprehensive conflict of interest policy showcase their commitment to ethical practices.
The organization boasts a fully independent board, with all eight members meeting independence criteria, which reflects positively on its governance. Additionally, the financial statements are well-managed, with an audit and oversight committee that received full marks. The liability to assets ratio is impressively low at 2.95%, suggesting minimal financial risk.
On the program expense front, Federation Landings Inc allocates a significant 89.66% of its expenses directly to programs, which is commendable and demonstrates a strong commitment to their mission. While the charity has shown notable strengths in these areas, the focus on a single beacon may limit a more comprehensive evaluation of its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Federation Landings Inc legitimate?
Federation Landings Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Federation Landings 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $199,902
For more financial information, click here
What is the mission statement of Federation Landings Inc?
Federation Landings Inc is committed to providing low-income housing for the elderly. Their mission is to ensure that senior citizens in need have a suitable living space. They accomplish this by owning and operating a residential apartment complex, specifically catering to the elderly population in Broward County, Florida. The organization strives to make a positive impact on the lives of these individuals by providing them with a secure and comfortable living environment.
Who is the CEO of Federation Landings Inc?
Heather Barraza is the President of Federation Landings Inc.
What is the revenue of Federation Landings Inc?
Federation Landings Inc's revenue in 2022 was $859,017.
Who are the executives of Federation Landings Inc and what are their salaries?
The average compensation at Federation Landings Inc during 2022 was $33,317. There are 6 employees and 2 volunteers at Federation Landings Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Federation Landings Inc?
Federation Landings Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Federation Landings Inc
Federation Landings Inc, a nonprofit organization, is dedicated to providing low-income housing for the elderly in an unspecified location. This mission is carried out through the ownership and operation of a 77-unit residential apartment complex specifically designed for the elderly. The primary goal of Federation Landings Inc is to ensure that elderly individuals have access to safe and affordable housing, thereby contributing to their overall well-being and quality of life. By providing this essential service, Federation Landings Inc plays a vital role in supporting the elderly community, enabling them to maintain their independence and dignity.
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Impact
July, 2024
Federation Landings Inc's impact is significant in providing low-income housing to the elderly in Broward County, Florida. They own and operate a 77-unit residential apartment complex in Sunrise, FL, specifically designed to cater to the housing needs of the elderly population. By offering affordable housing options, Federation Landings Inc plays a crucial role in ensuring that elderly individuals in Broward County have access to safe and comfortable living spaces. This initiative positively impacts the community by addressing the housing needs of a vulnerable demographic, promoting stability and well-being among low-income elderly residents.
This information is meant to be a general summary of Federation Landings 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: $52
- Program Service Revenue: $210,557
- Gross Receipts: $859,017
Assets and Liabilities:
- Total Assets: $2,485,690
- Total Liabilities: $71,018
- Net Assets: $2,414,672
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$210,557
Organization Details
Founding Year
1996
Phone
(954) 746-7960Principal Officer
Heather Barraza
Main Address
5020 NOB HILL ROAD, SUNRISE, FL, 33351
NTEE Category
Code: L22 - Housing
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