Overview
What is The Faine House Inc?
The Faine House Inc, located in Orlando, Florida, is a compassionate nonprofit organization that offers transitional housing to 10 young adults. They provide essential living necessities such as food, clothing, and shelter, as well as opportunities for employment and education. Beyond housing, they offer life skills training, tutoring, mentorship, and transportation to help these young adults become self-sufficient. The mission of The Faine House Inc is to empower and equip these individuals, fostering accountability, mentorship, and leadership, enabling them to reach their full potential. With a dedicated team of three individuals, they serve as a supportive community for young adults in need.
Official website here: www.thefainehouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars (41%)
The Faine House Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its financial health and accountability. The charity scored 41% overall, with poor performance primarily related to financial transparency, as indicated by the absence of financial statements. Although the organization maintains a high level of board independence and has policies in place for conflict of interest and whistleblowing, these strengths are overshadowed by its financial shortcomings.
The organization's program expense ratio stands at 45.93%, which suggests that less than half of its expenditures are going directly towards its programs. Additionally, the liabilities to assets ratio is alarmingly low at 0.13%, reflecting potential financial strain. While the charity has met certain governance criteria, such as having a majority independent board and listing its website on its tax form, the lack of accessible financial documentation raises red flags for potential donors.
Overall, while The Faine House Inc demonstrates some positive governance practices, the significant gaps in financial reporting and program efficiency highlight areas that need urgent improvement. Prospective supporters should exercise caution and seek further clarity on the organization's financial practices before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is The Faine House Inc legitimate?
The Faine House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Faine House 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
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Other Salaries and Wages: $101,034
For more financial information, click here
Official website here: www.thefainehouse.org
What is the mission statement of The Faine House Inc?
The Faine House Inc's mission is centered around empowering and equipping young adults who lack a reliable adult figure. Through accountability, mentorship, and leadership, they strive to help these young adults reach their full potential. The organization provides transitional housing, essentials such as food and clothing, as well as employment and educational opportunities. Beyond housing, they offer ongoing life skills training, tutoring, mentorship, and transportation services.
Official website here: www.thefainehouse.org
Who is the CEO of The Faine House Inc?
Jeff Faine is the Director of The Faine House Inc.
Official website here: www.thefainehouse.org
What is the revenue of The Faine House Inc?
The Faine House Inc's revenue in 2023 was $500,311.
Official website here: www.thefainehouse.org
Who are the executives of The Faine House Inc and what are their salaries?
The average compensation at The Faine House Inc during 2023 was $33,678. There are 3 employees and 60 volunteers at The Faine House Inc.
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Official website here: www.thefainehouse.org
Where can I find the form 990 for The Faine House Inc?
The Faine House Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thefainehouse.org
Learn more at the official website: www.thefainehouse.org
Mission Statement of The Faine House Inc
The Faine House Inc, a community of leaders, is committed to empowering and equipping young adults who are currently without a reliable adult figure in their lives. By promoting accountability, mentorship, and leadership, The Faine House aims to help these young adults reach their full potential. Through its various initiatives, the nonprofit organization provides transitionary housing, essentials such as food, clothing, and living necessities, as well as opportunities for employment and education. Beyond these practical support systems, The Faine House also offers ongoing life skills training, tutoring, mentorship, and transportation to its residents. The organization's holistic approach ensures that young adults under its care have the tools and resources necessary to navigate their path to self-sufficiency and personal growth.
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Impact
July, 2024
The Faine House Inc has had a significant impact by providing transitional housing, food, clothing, living necessities, employment, educational opportunities, life skills training, tutoring, mentorship, and transportation to 10 young adults in Orlando, FL. Through their mission of empowering and equipping young adults to reach their full potential through accountability, mentorship, and leadership, The Faine House Inc is making a positive difference in the lives of those without a reliable adult support system.
This information is meant to be a general summary of The Faine House 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 2023.
- Gross Receipts: $788,551
Assets and Liabilities:
- Total Assets: $1,145,509
- Total Liabilities: $1,549
- Net Assets: $1,143,960
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Organization Details
Founding Year
2019
Phone
(407) 573-6070Principal Officer
Jeff Faine
Main Address
5616 CLARCONA OCOEE ROAD, ORLANDO, FL, 32810
Website
www.thefainehouse.orgNTEE Category
Code: P20 - Human services
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