Overview
What is Francis Heights Inc?
Francis Heights Inc is a not-for-profit corporation established in Colorado on November 9, 1970. Its primary mission is to operate a 383-unit community located in Denver, providing housing and related services for elderly, low-income, and moderate-income individuals. The organization receives housing assistance and a mortgage insured by the U.S. Department of Housing and Urban Development, as well as grants from the City of Denver and other sources, to support its purpose. Francis Heights Inc aims to promote a living environment that supports the well-being and independence of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
Francis Heights Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and financial management. The organization's overall score is derived entirely from its accountability and finance metrics, where it scored 79%. This score reflects well-maintained financial practices, emphasizing transparency and responsible asset management.
Strengths of the nonprofit include a perfect score in key areas such as audit oversight, material diversion of assets, and the establishment of various essential policies, including conflict of interest and whistleblower policies. Additionally, Francis Heights Inc boasts an impressive program expense ratio of 98.11%, suggesting that a significant portion of its expenses directly supports its mission-related activities.
While the rating is commendable, it is important to note that the score is solely based on financial accountability. There may be other aspects of the organization, such as programmatic effectiveness or community impact, that are not captured in this rating. Overall, Francis Heights Inc demonstrates a strong commitment to financial integrity, which is a positive indicator for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Francis Heights Inc legitimate?
Francis Heights Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Francis Heights 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: $395,629
For more financial information, click here
What is the mission statement of Francis Heights Inc?
Francis Heights Inc, a not-for-profit corporation, was established with the primary objective of providing housing and related services to elderly, low-income, and moderate-income individuals. Located in an unspecified location, the corporation operates a 383-unit community, offering essential support to this specific demographic. The organization receives funding from the U.S. Department of Housing and Urban Development and additional grants from various sources to fulfill its purpose. Their mission is centered around offering housing assistance and facilitating a comfortable living environment for the designated group of individuals.
Who is the CEO of Francis Heights Inc?
Melissa Clayton is the President/Director of Francis Heights Inc.
What is the revenue of Francis Heights Inc?
Francis Heights Inc's revenue in 2022 was $3,750,897.
Who are the executives of Francis Heights Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $94,309
- Other: $16,925
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $134,820
- Other: $30,258
- Compensation: $0
- Related: $228,009
- Other: $33,552
- Compensation: $0
- Related: $192,019
- Other: $31,505
- Compensation: $0
- Related: $189,811
- Other: $4,240
Where can I find the form 990 for Francis Heights Inc?
Francis Heights Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Francis Heights Inc
Francis Heights Inc, a not-for-profit corporation established in 1970, was formed with the mission to provide housing and related services for elderly, low-income, and moderate-income individuals. This organization operates a 383-unit community, offering a supportive living environment for those in need. The corporation receives assistance and a mortgage backed by the U.S. Department of Housing and Urban Development, under Section 236 of the National Housing Act. Furthermore, Francis Heights Inc has received grants from various sources, including the City of Denver, to help achieve its purpose of providing affordable housing and related services.
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Impact
July, 2024
Francis Heights Inc has a significant impact on the community by providing housing and related services for elderly, low- and moderate-income persons in Denver, Colorado. Through its operation of a 383-unit community, the organization addresses the critical need for affordable housing for vulnerable populations. By receiving housing assistance and grants from various sources, Francis Heights Inc is able to fulfill its mission of supporting those in need of affordable housing and related services in the Denver area. This impact contributes to enhancing the quality of life and well-being of elderly individuals and those with limited financial means in the community.
This information is meant to be a general summary of Francis Heights 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: $1,238
- Program Service Revenue: $2,114,341
- Gross Receipts: $3,750,897
Assets and Liabilities:
- Total Assets: $10,783,641
- Total Liabilities: $1,901,933
- Net Assets: $8,881,708
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$2,013,488
OTHER REVENUE
Revenue
$76,682
ANCILLARY SERVICES
Revenue
$24,171
Organization Details
Founding Year
1970
Phone
(303) 830-3300Principal Officer
Melissa Clayton
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
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