Overview
What is Foundation For Senior Living Inc?
Foundation for Senior Living Inc, established in 1974, is a nonprofit organization based in Phoenix, Arizona. With a focus on promoting health, independence, and dignity for all, the organization provides home and community-based services. This includes adult day health care, home health care, and residential behavioral health group homes. Additionally, they develop both single- and multi-family homes, manage multi-family affordable housing complexes, and oversee adult foster care and behavioral health therapeutic home programs. Their services extend beyond housing, offering nearly 200,000 hours of respite care for family caregivers, educational offerings, and connections to community resources. During the COVID-19 pandemic, some of their programs experienced an increase in demand, while others saw a reduction due to social distancing requirements and workforce challenges. In 2021-22, they provided over 560,000 meals to families in need through their food pantries and meal programs. Throughout their operations, Foundation for Senior Living Inc aims to ensure a safe home for nearly 1,200 Arizonans each night, demonstrating their commitment to the well-being of seniors in their community.
Official website here: www.fsl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
Foundation For Senior Living Inc has received a solid Three-Star rating from Charity Navigator, indicating a strong performance in accountability and financial management. With a high overall score of 89%, the organization demonstrates that it is effectively managed, as evidenced by perfect scores in several key areas such as independent board members and audit oversight. This suggests a strong governance structure that prioritizes transparency and ethical practices.
The charity excels in its program expense ratio, indicating that a significant portion of its funds is directed towards its mission-related activities. Additionally, its fundraising efficiency is commendable, showcasing the organization’s ability to raise funds effectively relative to its expenses. The working capital ratio also reflects a healthy financial position, allowing the organization to sustain its operations over the long term.
However, there is a noted limitation with the liabilities to assets ratio, which stands at 63.20%. While this score is not uncommon in the nonprofit sector, it may warrant a closer look to ensure the organization's financial stability in the future. Overall, Foundation For Senior Living Inc appears to be a well-run organization with strong financial health and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Senior Living Inc legitimate?
Foundation For Senior Living Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Senior Living 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: $91,995
Professional Fundraising Fees: $0
Other Salaries and Wages: $356,853
For more financial information, click here
Official website here: www.fsl.org
What is the mission statement of Foundation For Senior Living Inc?
The Foundation for Senior Living Inc's mission is centered around providing home and community-based services, as well as developing energy-efficient and affordable housing. This initiative aims to promote health, independence, and dignity for all individuals. Through their affiliated entities, they have been serving communities since 1974, offering a safe living space for over 1,200 people annually. Their services extend to the development of single- and multi-family homes, as well as the management of multi-family affordable housing complexes and residential behavioral health group homes. The organization also trains and monitors sponsors of adult foster care and behavioral health therapeutic home programs. Additionally, they provide more than 560,000 meals to families in need annually and offer home health care services, adult day health care, and respite care for family caregivers. During the COVID-19 pandemic, some of their programs experienced an increase in demand, while others saw a reduction due to social distancing requirements and workforce challenges.
Official website here: www.fsl.org
Who is the CEO of Foundation For Senior Living Inc?
Tamara Bohannon is the Chair of Foundation For Senior Living Inc. The CEO's salary of Foundation For Senior Living Inc is $0 and their total compensation is $0.
Official website here: www.fsl.org
What is the revenue of Foundation For Senior Living Inc?
Foundation For Senior Living Inc's revenue in 2022 was $5,820,680.
Official website here: www.fsl.org
Who are the executives of Foundation For Senior Living Inc and what are their salaries?
There 25 volunteers at Foundation For Senior Living Inc.
Here are 30 key members and their salaries (Foundation For Senior Living Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.fsl.org
Where can I find the form 990 for Foundation For Senior Living Inc?
Foundation For Senior Living Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fsl.org
Learn more at the official website: www.fsl.org
Mission Statement of Foundation For Senior Living Inc
The Foundation for Senior Living Inc is committed to providing home and community-based services and developing energy-efficient, affordable housing to promote health, independence, and dignity for all individuals. Through its affiliates, this nonprofit organization has been serving Arizona residents since 1974. Their mission encompasses offering a safe living space for nearly 1,200 individuals each night, which includes both single- and multi-family homes, as well as managing multi-family affordable housing complexes and residential behavioral health group homes. Furthermore, the Foundation for Senior Living Inc supports adult foster care and adult behavioral health therapeutic home programs by training and monitoring sponsors.
In addition to providing housing, the organization also offers various services to enhance independence for people of all ages. This includes adult day health care and home health care for patients requiring 24-hour nursing supervision. The Foundation for Senior Living Inc also supports family caregivers through educational offerings, connections to community resources, and nearly 200,000 hours of respite care. During the COVID-19 pandemic, the organization's programs and services saw both an increase in demand and a reduction in utilization due to social distancing requirements and workforce challenges. The Foundation for Senior Living Inc is dedicated to improving the lives of seniors and promoting their independence and dignity.
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Impact
July, 2024
Foundation For Senior Living Inc's impact is significant in providing a safe home for nearly 1,200 Arizonans each night through the development of both single- and multi-family homes and the management of multi-family affordable housing complexes and residential behavioral health group homes. They also play a crucial role in training and monitoring sponsors of adult foster care and adult behavioral health therapeutic home programs. Additionally, the organization provided over 560,000 meals to families in need in fiscal year 2021-22 through their food pantries, congregate, and home-delivered meal programs. Their home and community-based services aim to enhance independence for people of all ages, including adult day health care and home health care services. In supporting family caregivers, they offer educational programs, connections to community resources, and nearly 200,000 hours of respite care. The impact of Foundation For Senior Living Inc's programs and services has been further highlighted during the COVID-19 pandemic, with some facing increased demand while others saw reduced utilization due to changing circumstances.
This information is meant to be a general summary of Foundation For Senior Living 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: $717,122
- Gross Receipts: $5,820,680
Assets and Liabilities:
- Total Assets: $41,164,409
- Total Liabilities: $27,146,053
- Net Assets: $14,018,356
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Organization Details
Founding Year
1974
Phone
(602) 285-1800Principal Officer
Tamara Bohannon
Main Address
1201 E THOMAS ROAD, PHOENIX, AZ, 85014
Website
www.fsl.orgNTEE Category
Code: L22 - Housing
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