Overview
What is Odd Fellows & Rebekahs Friendship Towers Inc?
Odd Fellows & Rebekahs Friendship Towers Inc is a nonprofit organization dedicated to offering affordable housing solutions for low-income individuals. Established under Section 202 of the National Housing Act, they manage two housing projects with a combined total of 252 units. Their mission is centered around providing affordable living spaces, ensuring that individuals with limited financial resources have a place to call home. The organization's efforts contribute to the community by offering a vital resource for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
Odd Fellows & Rebekahs Friendship Towers Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The rating is based entirely on the charity's fiscal responsibility, which shows a commitment to maintaining transparency and effective management of resources.
The organization boasts an exemplary accountability record, with a fully independent board of directors and no reported material diversion of assets. Additionally, it has a strong program expense ratio of 83.44%, signifying that a significant portion of its resources is directed towards its charitable programs rather than administrative costs.
While the charity has demonstrated strong financial practices, a single beacon score may suggest areas for improvement in other operational metrics not captured in this rating. Overall, the organization's financial accountability suggests a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Odd Fellows & Rebekahs Friendship Towers Inc legitimate?
Odd Fellows & Rebekahs Friendship Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Odd Fellows & Rebekahs Friendship Towers 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: $79,642
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What is the mission statement of Odd Fellows & Rebekahs Friendship Towers Inc?
Odd Fellows and Rebekahs Friendship Towers Inc is committed to providing affordable housing for individuals with low income. They operate two housing projects, with a total of 252 units, under Section 202 of the National Housing Act. The organization's mission is centered around making housing accessible for individuals who fall under the low income category.
Who is the CEO of Odd Fellows & Rebekahs Friendship Towers Inc?
Frank Ford is the Board Member of Odd Fellows & Rebekahs Friendship Towers Inc.
What is the revenue of Odd Fellows & Rebekahs Friendship Towers Inc?
Odd Fellows & Rebekahs Friendship Towers Inc's revenue in 2022 was $829,607.
Who are the executives of Odd Fellows & Rebekahs Friendship Towers Inc and what are their salaries?
The average compensation at Odd Fellows & Rebekahs Friendship Towers Inc during 2022 was $8,849. There are 9 employees at Odd Fellows & Rebekahs Friendship Towers Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Odd Fellows & Rebekahs Friendship Towers Inc?
Odd Fellows & Rebekahs Friendship Towers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Odd Fellows & Rebekahs Friendship Towers Inc
Odd Fellows & Rebekahs Friendship Towers Inc, as a nonprofit organization, is dedicated to fulfilling a vital mission. This mission revolves around providing affordable housing for individuals who fall under the category of low income. The organization achieves this mission by operating two low income housing projects, which collectively house 252 units. These projects were constructed and are currently being managed under Section 202 of the National Housing Act. By offering affordable housing options, Odd Fellows & Rebekahs Friendship Towers Inc plays a significant role in contributing to the well-being of low income individuals, ensuring they have a secure and comfortable living environment.
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Impact
July, 2024
Odd Fellows & Rebekahs Friendship Towers Inc's impact can be seen in the provision of affordable housing for low-income individuals in Waco, TX. Operating two low-income housing projects with a total of 252 units, this organization plays a vital role in addressing the housing needs of the local community. Through the construction and operation of these units under section 202 of the national housing act, Odd Fellows & Rebekahs Friendship Towers Inc creates a tangible impact by ensuring that individuals in need have access to safe and affordable housing options. Their mission reflects a commitment to serving those who may struggle to find suitable housing options elsewhere, ultimately contributing to the overall well-being and stability of the community.
This information is meant to be a general summary of Odd Fellows & Rebekahs Friendship Towers 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: $473
- Program Service Revenue: $819,608
- Gross Receipts: $829,607
Assets and Liabilities:
- Total Assets: $3,223,013
- Total Liabilities: $1,709,300
- Net Assets: $1,513,713
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$612,338
TENANT CHARGES
Revenue
$207,270
Organization Details
Phone
(254) 753-0105Principal Officer
Frank Ford
Main Address
112 S 32ND STREET, WACO, TX, 76710
NTEE Category
Code: L22 - Housing
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