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Friendly Acres Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 742278523 ✦ Edna, TX ✦ Designated as a 501(c)(3)

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Overview

What is Friendly Acres Inc?

Friendly Acres Inc, situated in Edna, Texas, is a nonprofit organization dedicated to serving the elderly and handicapped community. Their primary mission is to provide suitable housing within exempt purposes, offering a safe and supportive living environment for those in need. The organization's activities and mission revolve around fulfilling this critical role, ensuring the elderly and handicapped individuals in their care receive adequate housing.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 53%, One-Star out of Four Stars

Friendly Acres Inc has received a low rating of 53% from Charity Navigator, primarily reflecting significant concerns in its accountability and finance practices. The rating is derived entirely from this single beacon score, which reveals a lack of independent board members and missing critical policies that promote transparency and good governance.

One notable strength is the organization's program expense ratio, which stands at an impressive 100%. This indicates that all its expenditures are directed toward its programs, suggesting a commitment to its mission. However, the absence of independent board members and essential governance policies—such as those related to conflicts of interest and whistleblower protections—raises red flags regarding its operational integrity and accountability.

Additionally, the charity's failure to maintain a visible online presence, including posting its tax form and essential documents, further hinders its transparency. These limitations could potentially affect donor trust and engagement, highlighting the need for significant improvements in governance and financial management practices to enhance its rating and public perception.


This AI summary has been generated from information found on Charity Navigator.

Is Friendly Acres Inc legitimate?

Friendly Acres Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friendly Acres 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: $0

For more financial information, click here

What is the mission statement of Friendly Acres Inc?

Friendly Acres Inc, as a nonprofit organization, is committed to providing housing for the elderly and those with disabilities. This mission is carried out with an exempt purpose, ensuring that suitable housing is available for this specific demographic. By offering such housing, the organization aims to contribute positively to their well-being and overall quality of life. The focus on exempt purposes underscores the organization's dedication to serving this community in a responsible and effective manner.

Who is the CEO of Friendly Acres Inc?

B David Rose is the President of Friendly Acres Inc.

What is the revenue of Friendly Acres Inc?

Friendly Acres Inc's revenue in 2021 was $60,706.

Who are the executives of Friendly Acres Inc and what are their salaries?


Here are 7 key members and their salaries:


B David Rose (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Powell (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Copper Combs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Poole (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Brezina (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Nordin (Non Voting M)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Simons (Sec/Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Friendly Acres Inc?

Friendly Acres Inc's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of Friendly Acres Inc

Friendly Acres Inc, a nonprofit organization, is dedicated to providing housing solutions for the elderly and individuals with disabilities. Their primary mission is to offer residential facilities in exempt purposes, ensuring a comfortable and safe living environment for these vulnerable groups. By providing housing, Friendly Acres Inc aims to contribute positively to their well-being and quality of life. The organization's commitment to this cause is an essential part of its mission, making a significant difference in the lives of those it serves.

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Impact




August, 2024

Friendly Acres Inc makes a significant impact by providing housing for the elderly and handicapped in Edna, TX. Their mission to offer safe and supportive housing options for those in need contributes to the well-being and quality of life of vulnerable individuals in the community. This vital service helps enhance the living conditions and accessibility of suitable accommodation for a demographic that may face challenges in finding appropriate housing options. Friendly Acres Inc's commitment to this cause helps address a crucial need and fosters a more inclusive and caring environment for the elderly and handicapped population in the area.




This information is meant to be a general summary of Friendly Acres 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.

Revenue
$60,706 (2021)
Expenses
$206,589 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Program Service Revenue: $60,706
  • Gross Receipts: $60,706

Assets and Liabilities:

  • Total Assets: $1,180,693
  • Total Liabilities: $120,000
  • Net Assets: $1,060,693

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SERVICE FEES

Revenue

$50,284

INVESTMENT INCOME

Revenue

$10,422

Organization Details

Founding Year

1984

Principal Officer

B David Rose

Main Address

58 OAK CREEK DR, EDNA, TX, 77957

NTEE Category

Code: L20Z - Housing

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