Fsl Real Estate Services

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 861006866 ✦ Phoenix, AZ ✦ Designated as a 501(c)(3)

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Overview

What is Fsl Real Estate Services?

Fsl Real Estate Services, an affiliate of Foundation for Senior Living (FSL), is a nonprofit organization based in Phoenix, Arizona. Since 1974, they have been dedicated to providing safe housing for approximately 1,200 Arizonans nightly. Their services encompass the development of single- and multi-family homes, as well as the management of affordable housing complexes and residential behavioral health group homes. FSL also trains and monitors sponsors of adult foster care and behavioral health therapeutic home programs. In fiscal year 2021-22, they offered over half a million meals to families in need through food pantries and other programs. They provide home and community-based services, such as adult day health care and home health care, to enhance independence for individuals of all ages. During the COVID-19 pandemic, their services were impacted, with some seeing an increase in demand and others a reduction due to social distancing requirements and workforce challenges. Fsl Real Estate Services manages a portfolio of affordable and subsidized housing, utilizing various funding sources to develop new affordable housing for low-income seniors, adults with disabilities, and low- to moderate-income families. To support the wellbeing of its residents, FSL provides accessible vans, on-site food pantries, and other services to foster social communities with happy, active seniors.


Official website here: www.fsl.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 41%, Zero-Star out of Four Star rating.

Fsl Real Estate Services has received a low rating of 41%, which reflects significant concerns regarding its accountability and financial practices. The organization's overall score is based solely on this aspect, suggesting a lack of diversity in evaluation metrics. While the charity does have policies in place such as a conflict of interest policy and a whistleblower policy, the absence of independent board members and a low program expense ratio raises red flags about governance and resource allocation.

The organization scored well on certain governance measures, securing full points for its audit and oversight committee and other documentation practices. However, it failed to achieve any points for the liabilities to assets ratio and program expense ratio, indicating potential financial stability issues and insufficient investment in its programs. This situation could impact its long-term sustainability and effectiveness in fulfilling its mission.

Overall, the low rating signifies that Fsl Real Estate Services may face challenges in transparency and effective financial management, which could undermine donor confidence and limit its ability to deliver on its charitable goals. Prospective donors should consider these factors carefully before contributing.


This AI summary has been generated from information found on Charity Navigator.

Is Fsl Real Estate Services legitimate?

Fsl Real Estate Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fsl Real Estate Services 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: $190,499
Professional Fundraising Fees: $0
Other Salaries and Wages: $847,050

For more financial information, click here


Official website here: www.fsl.org

What is the mission statement of Fsl Real Estate Services?

Fsl Real Estate Services is dedicated to providing home and community-based services, as well as developing energy-efficient and affordable housing. Their goal is to promote health, independence, and dignity for all individuals. Through their affiliates, they offer various services such as adult day health care, home health care, and respite care for family caregivers. They also manage a portfolio of affordable and subsidized housing, utilizing various funding sources. To ensure the wellbeing of their residents, they provide accessible vans, community rooms, and on-site food pantries. The combination of these services builds social communities with happy, active residents. Their developments cater to low-income seniors, adults with disabilities, and low to moderate income families.


Official website here: www.fsl.org

Who is the CEO of Fsl Real Estate Services?

Tamara Bohannon is the Ceo & Board President (Thru Oct 2021) of Fsl Real Estate Services. The CEO's salary of Fsl Real Estate Services is $0 and their total compensation is $0.


Official website here: www.fsl.org

What is the revenue of Fsl Real Estate Services?

Fsl Real Estate Services's revenue in 2022 was $1,439,632.


Official website here: www.fsl.org

Who are the executives of Fsl Real Estate Services and what are their salaries?

The average compensation at Fsl Real Estate Services during 2022 was $57,642. There are 18 employees and 5 volunteers at Fsl Real Estate Services.


Here are 8 key members and their salaries (Fsl Real Estate Services's CEO's salary is $0 and their total compensation is $0):


Tom Egan (Ceo & Board President (Thru Oct 2021))
  • Compensation: $0
  • Related: $226,154
  • Other: $5,031
Blanca Ruiz (Board Treasurer)
  • Compensation: $0
  • Related: $105,449
  • Other: $10,077
Teresa Celaya-Garner (Cfo & Board Vice President (Thru May 2022))
  • Compensation: $0
  • Related: $162,174
  • Other: $10,260
Annette Iniguez (Board Secretary (Thru May 2022))
  • Compensation: $0
  • Related: $72,598
  • Other: $9,502
Tamara Bohannon (Ceo & Board President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Quillin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carrie Smith (Coo)
  • Compensation: $0
  • Related: $157,024
  • Other: $11,197
Steve Hastings (Chief Of Real Estate)
  • Compensation: $167,857
  • Related: $0
  • Other: $10,106


Official website here: www.fsl.org

Where can I find the form 990 for Fsl Real Estate Services?

Fsl Real Estate Services'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 Fsl Real Estate Services

Fsl Real Estate Services is dedicated 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 communities since 1974. Fsl Real Estate Services offers a safe home for nearly 1,200 individuals each night, developing both single- and multi-family homes, managing multi-family affordable housing complexes, and residential behavioral health group homes. In addition, they train and monitor sponsors of the Adult Foster Care and Adult Behavioral Health Therapeutic Home Programs.

Recognizing the importance of nutritional support, Fsl Real Estate Services provides more than 560,000 meals to families in need annually through food pantries, congregate, and home-delivered meal programs. Beyond food, they offer home and community-based services to enhance independence for people of all ages, including adult day health care and home health care for patients requiring 24-hour nursing supervision. Fsl Real Estate Services also supports family caregivers through complimentary educational offerings, connections to community resources, and nearly 200,000 hours of respite care.

In a proactive approach to address the mental health needs of its residents, Fsl Real Estate Services provides accessible vans at residential properties to keep residents active, social, and engaged. Shopping trips to appointments and stores where residents receive senior discounts establish their presence in the community. On-site food pantries, utility bill payments, and large community rooms promote good nutrition, healthy habits, and social engagement.

In summary, Fsl Real Estate Services is a nonprofit organization committed to providing safe and affordable housing, as well as essential services, to promote the health, independence, and dignity of individuals of all ages. By offering nutritional support, home and community-based services, and mental health resources, Fsl Real Estate Services creates active, socially engaged communities where residents can thrive.

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Impact




July, 2024

FSL Real Estate Services has a significant impact on the community by providing safe and affordable housing options that incorporate green building technology and solar power. They focus on developing new affordable housing for low-income seniors, adults with disabilities, and low to moderate-income families. Through their efforts, they have provided thousands of nights of safe and affordable housing to individuals in need.

Additionally, FSL Real Estate Services prioritizes the well-being of their residents by offering ancillary services such as accessible transportation, community rooms for gatherings, activity coordinators, and on-site food pantries. This holistic approach not only ensures the safety of residents but also fosters social connections, supports good nutrition, and promotes overall health and well-being.

By creating thriving and supportive communities through their housing developments, FSL Real Estate Services positively impacts the lives of residents, allowing them to live with dignity, independence, and a sense of belonging.




This information is meant to be a general summary of Fsl Real Estate Services. 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.

Revenue
$1,439,632 (2022)
201120122013201420152016201720182019202020212022$0$950k$1.9M$2.85M$3.8M
Expenses
$2,602,099 (2022)
201120122013201420152016201720182019202020212022$0$700k$1.4M$2.1M$2.8M
Efficiency
2011201220132014201520162017201820192020202120220%15%30%45%73%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,021
  • Program Service Revenue: $943,359
  • Gross Receipts: $1,439,632

Assets and Liabilities:

  • Total Assets: $25,011,883
  • Total Liabilities: $19,068,992
  • Net Assets: $5,942,891

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CLIENT & DEVELOPER FEE

Revenue

$777,427

MANAGEMENT FEES

Revenue

$165,932

Organization Details

Founding Year

1974

Principal Officer

Tamara Bohannon

Main Address

1201 E THOMAS RD, PHOENIX, AZ, 85014

NTEE Category

Code: L20 - Housing

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