Overview
What is Friendship Manor Corporation?
Friendship Manor Corporation is a nonprofit organization situated in Salt Lake City, Utah. With a dedicated workforce of 39 individuals, their primary mission is to offer affordable housing solutions to the elderly and disabled community. Established at 1320 EAST 500 SOUTH, this organization is committed to providing a supportive living environment for those in need, ensuring their comfort and well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Friendship Manor Corporation has received a two-star rating from Charity Navigator, indicating that while the organization demonstrates strong accountability and financial management, it faces challenges in certain operational aspects. The organization boasts a perfect accountability and finance score, with key strengths in having an independent board and thorough financial statements. Additionally, it maintains a high program expense ratio, suggesting that a significant portion of its funds is directed toward its programs.
Despite these strengths, concerns arise from its liabilities to assets ratio, which scored low, indicating potential financial risks that could impact its sustainability. The organization has no material diversion of assets, which is a positive sign, but the overall financial health could be improved. Feedback from users may reflect a desire for greater transparency and effectiveness in achieving its mission.
Overall, while Friendship Manor Corporation is committed to accountability with a strong governance framework, addressing its financial liabilities will be crucial for improving its operational effectiveness and enhancing its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Friendship Manor Corporation legitimate?
Friendship Manor Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friendship Manor Corporation 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: $711,925
For more financial information, click here
What is the mission statement of Friendship Manor Corporation?
The mission of Friendship Manor Corporation is centered around providing affordable housing for the elderly and disabled individuals. This organization is committed to ensuring that these vulnerable groups have a place to call home, thereby enhancing their quality of life. Through its activities, Friendship Manor Corporation strives to make a significant difference in the lives of its residents, offering them a sense of security and community. The corporation's primary objective is to provide low-income housing, demonstrating its dedication to supporting those who need it most.
Who is the CEO of Friendship Manor Corporation?
Unavailable
What is the revenue of Friendship Manor Corporation?
Friendship Manor Corporation's revenue in 2022 was $2,635,993.
Who are the executives of Friendship Manor Corporation and what are their salaries?
The average compensation at Friendship Manor Corporation during 2022 was $18,254. There are 39 employees at Friendship Manor Corporation.
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Where can I find the form 990 for Friendship Manor Corporation?
Friendship Manor Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friendship Manor Corporation
Friendship Manor Corporation is committed to providing low-income housing for the elderly and disabled individuals. This nonprofit organization's mission is to offer a safe and suitable living environment for those who may be financially disadvantaged and require specialized care. By providing such housing, Friendship Manor Corporation aims to contribute to the well-being and independence of its residents, allowing them to maintain their dignity and live comfortably in their later years or during periods of disability. The organization's focus on low-income housing for this specific demographic is a testament to its dedication to supporting the most vulnerable members of society.
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Impact
July, 2024
Friendship Manor Corporation provides a crucial service by offering low-income housing to the elderly and disabled in Salt Lake City, Utah. This support helps vulnerable populations meet their basic need for safe and affordable housing, contributing to their overall well-being and quality of life. By providing this essential service, Friendship Manor Corporation plays a significant role in ensuring that individuals in need have access to stable and secure housing options.
This information is meant to be a general summary of Friendship Manor Corporation. 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: $1,704
- Program Service Revenue: $1,751,048
- Gross Receipts: $2,635,993
Assets and Liabilities:
- Total Assets: $4,004,250
- Total Liabilities: $3,334,401
- Net Assets: $669,849
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONGREGATE FOOD REVENUE
Revenue
$283,084
LAUNDRY, MISC CHARGES
Revenue
$23,400
MISCELLANEOUS REVENUES
Revenue
$7,358
OTHER RENTS
Revenue
$163,436
TENANT RENTS
Revenue
$1,273,770
Organization Details
Founding Year
1965
Phone
(801) 582-3100Main Address
1320 EAST 500 SOUTH, SALT LAKE CITY, UT, 84102
NTEE Category
Code: L22Z - Housing
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