Overview
What is Fibco Family Services Inc?
Fibco Family Services Inc is a compassionate nonprofit organization situated in Phoenix, Arizona, with a focus on serving the community. They offer long-term housing solutions for low-income individuals and those with mental health challenges, participating in state-assisted programs. Through their Affordable Housing Program, they have provided permanent housing for 106 individuals, catering to the elderly, disabled, and seriously mentally ill adults. Committed to community assistance, Fibco Family Services Inc aims to empower individuals and families to achieve self-sufficiency by providing essential resources and knowledge. With a modest workforce of just two dedicated employees, this nonprofit demonstrates a strong commitment to making a meaningful impact in their local area.
Official website here: www.fibco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Fibco Family Services Inc received a two-star rating from Charity Navigator, indicating that it has room for improvement in its governance and accountability practices. With a score of 73%, the organization shows strengths in financial transparency and management, particularly with no reported material diversion of assets and strong program expense ratios. However, the lack of independent board members and missing policies such as whistleblower and document retention raise concerns about the organization's oversight and governance.
The organization excels in certain financial metrics, including a solid liabilities to assets ratio, which suggests fiscal responsibility. The presence of an audit and oversight committee further reinforces its commitment to financial integrity. Despite these strengths, the absence of independent board members and several critical policies may undermine stakeholder confidence in its governance framework.
Overall, while Fibco Family Services Inc demonstrates a commitment to serving its mission with a commendable program expense ratio, the noted governance deficiencies should be addressed to enhance its accountability and effectiveness in the nonprofit sector. Stakeholders may want to keep these limitations in mind when considering support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Fibco Family Services Inc legitimate?
Fibco Family Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fibco Family Services 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: $63,746
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,921
For more financial information, click here
Official website here: www.fibco.org
What is the mission statement of Fibco Family Services Inc?
Fibco Family Services Inc is committed to serving their community by offering resources and knowledge to help individuals and families become self-sufficient. Their mission is to meet the needs of their community in this capacity. One of their key initiatives is providing affordable housing for low-income and mentally challenged individuals through state-assisted programs. As of their records, they have housed 106 individuals in their permanent housing for the elderly, disabled, and seriously mentally ill adults.
Official website here: www.fibco.org
What is the revenue of Fibco Family Services Inc?
Fibco Family Services Inc's revenue in 2023 was $1,933,834.
Official website here: www.fibco.org
Who are the executives of Fibco Family Services Inc and what are their salaries?
The average compensation at Fibco Family Services Inc during 2023 was $25,889. There are 3 employees and 20 volunteers at Fibco Family Services Inc.
Here are 12 key members and their salaries:
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- Compensation: $14,593
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Official website here: www.fibco.org
Where can I find the form 990 for Fibco Family Services Inc?
Fibco Family Services Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fibco.org
Learn more at the official website: www.fibco.org
Mission Statement of Fibco Family Services Inc
Fibco Family Services Inc is committed to serving its community by offering resources and knowledge to assist individuals and families in becoming self-sufficient. The organization's mission is to meet the varying needs of its community members, striving to empower them to achieve independence.
In pursuit of this mission, Fibco Family Services Inc provides long-term housing through its Affordable Housing Program. This program is specifically designed to accommodate low-income individuals and those with mental health challenges, who are enrolled in state-assisted programs. By offering this housing solution, Fibco Family Services Inc provides a secure and stable living environment for 106 individuals, including the elderly, disabled, and seriously mentally ill adults. This essential service enables these individuals to focus on their personal growth and development, ultimately working towards self-sufficiency.
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Impact
July, 2024
Fibco Family Services Inc's impact is profound in the community of Phoenix, AZ. By providing resources and knowledge to assist individuals and families in becoming self-sustaining, they are addressing critical needs and making a tangible difference in people's lives. Through their affordable housing program, Fibco Family Services Inc offers long-term housing for low-income and/or mentally challenged individuals in state-assisted programs. They have housed 106 persons as tenants in their permanent housing, catering specifically to the elderly, disabled, and seriously mentally ill adults. This commitment to providing essential support and a stable living environment demonstrates Fibco Family Services Inc's dedication to improving the lives of those in need in their community.
This information is meant to be a general summary of Fibco Family Services 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.
- Program Service Revenue: $1,351,908
- Gross Receipts: $1,933,834
Assets and Liabilities:
- Total Assets: $3,064,446
- Total Liabilities: $659,568
- Net Assets: $2,404,878
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent-Assisted Living
Revenue
$1,351,908
Organization Details
Founding Year
1986
Principal Officer
Erika Alexander
Website
www.fibco.orgNTEE Category
Code: P40 - Human services
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