Overview
What is Foundation Property Management Inc?
Foundation Property Management Inc is a nonprofit organization based in Long Beach, California, with a mission to offer centralized management and administrative services to over 190 related tax-exempt and other organizations. These organizations operate low and very low income as well as market rate retirement housing communities, assisted living facilities, and skilled nursing homes. By providing these services, Foundation Property Management Inc aims to support the smooth operation of these essential facilities for the benefit of their residents. Their team consists of 37 dedicated individuals.
Official website here: www.rhf.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Stars)
Foundation Property Management Inc has received a Three-Star rating from Charity Navigator, highlighting a solid performance primarily in the area of Accountability & Finance. The organization scored 81 in this category, reflecting strong governance practices, including a fully independent board and comprehensive financial oversight. Additionally, the absence of material asset diversion and compliance with various financial policies underscore the organization’s commitment to transparency and accountability.
The organization excels in managing its resources effectively, as evidenced by an impressive program expense ratio of 99.70%. This indicates that nearly all of its expenditures are directed towards fulfilling its mission, which is a positive sign for donors concerned about the impact of their contributions. The charity also maintains robust policies on conflicts of interest and whistleblower protections, which further strengthen its operational integrity.
However, there are notable salaries for key personnel, with the President/CEO earning $608,035, which could raise concerns among some stakeholders about compensation levels relative to the organization’s mission. While the financial health appears strong, transparency around executive compensation may be an area for improvement to enhance public trust. Overall, the charity demonstrates a solid financial footing and governance structure, but addressing concerns around executive pay could further bolster its reputation.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation Property Management Inc legitimate?
Foundation Property Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation Property Management 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: $469,848
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,217,813
For more financial information, click here
Official website here: www.rhf.org
What is the mission statement of Foundation Property Management Inc?
Foundation Property Management Inc is committed to offering centralized management and administrative services to organizations operating low and very low income, as well as market rate, retirement housing communities, assisted living facilities, and skilled nursing homes. The non-profit caters to over 190 related tax-exempt and other organizations, ensuring efficient and effective administration for these facilities. By providing these services, Foundation Property Management Inc aims to improve the living conditions and overall management of these communities, ultimately enhancing the quality of life for their residents.
Official website here: www.rhf.org
Who is the CEO of Foundation Property Management Inc?
Stuart Hartman is the Principal Officer of Foundation Property Management Inc. The CEO's salary of Foundation Property Management Inc is $0 and their total compensation is $399,323.
Official website here: www.rhf.org
What is the revenue of Foundation Property Management Inc?
Foundation Property Management Inc's revenue in 2022 was $16,360,712.
Official website here: www.rhf.org
Who are the executives of Foundation Property Management Inc and what are their salaries?
The average compensation at Foundation Property Management Inc during 2022 was $72,639. There are 37 employees and 7 volunteers at Foundation Property Management Inc.
Here are 23 key members and their salaries (Foundation Property Management Inc's CEO's salary is $0 and their total compensation is $399,323):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $529,406
- Other: $72,819
- Compensation: $0
- Related: $370,863
- Other: $28,460
- Compensation: $0
- Related: $285,306
- Other: $23,599
- Compensation: $0
- Related: $66,364
- Other: $2,374
- Compensation: $0
- Related: $215,329
- Other: $22,887
- Compensation: $0
- Related: $400,678
- Other: $45,884
- Compensation: $0
- Related: $249,358
- Other: $38,027
- Compensation: $0
- Related: $225,577
- Other: $40,729
- Compensation: $0
- Related: $228,343
- Other: $34,063
- Compensation: $0
- Related: $199,807
- Other: $40,223
- Compensation: $220,808
- Related: $0
- Other: $2,920
- Compensation: $215,812
- Related: $0
- Other: $30,308
- Compensation: $0
- Related: $184,532
- Other: $14,950
- Compensation: $0
- Related: $178,388
- Other: $16,625
- Compensation: $0
- Related: $174,418
- Other: $13,813
- Compensation: $0
- Related: $165,932
- Other: $16,120
Official website here: www.rhf.org
Where can I find the form 990 for Foundation Property Management Inc?
Foundation Property Management Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rhf.org
Learn more at the official website: www.rhf.org
Mission Statement of Foundation Property Management Inc
Foundation Property Management Inc, a centralized management and administrative services provider, is dedicated to supporting over 190 organizations that operate low and very low income and market rate retirement housing communities, assisted living, and skilled nursing facilities. In simple terms, this organization plays a vital role in managing the day-to-day operations of a diverse range of housing and care facilities for the benefit of their residents.
Through its mission, Foundation Property Management Inc ensures that these organizations have access to essential management and administrative services, enabling them to focus on their core missions of providing quality housing and care for their residents. By offering centralized services, the organization streamlines operations and helps these organizations operate more efficiently and effectively. In doing so, it ultimately contributes to enhancing the living experiences of the elderly and vulnerable populations they serve.
In summary, Foundation Property Management Inc acts as a supportive partner to a wide range of organizations, providing them with the administrative and managerial expertise needed to successfully run their low and very low income and market rate retirement housing communities, assisted living, and skilled nursing facilities. This, in turn, empowers these organizations to dedicate their resources to delivering high-quality services and care to their residents.
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Impact
October, 2024
Foundation Property Management Inc significantly enhances the quality of life for residents in low and very low-income retirement housing communities, assisted living, and skilled nursing facilities. By offering centralized management and administrative services tailored to over 190 related organizations, it streamlines operations and ensures that essential services are accessible to those who need them most.
This organization plays a vital role in fostering supportive environments that promote dignity and well-being among seniors. Its efforts not only facilitate efficient management of housing resources but also contribute to the stability and sustainability of communities, allowing residents to thrive in safe and supportive settings. Through its work, Foundation Property Management Inc strengthens the fabric of the community, ensuring that the needs of vulnerable populations are met with compassion and professionalism.
This information is meant to be a general summary of Foundation Property Management 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.
- Program Service Revenue: $16,360,712
- Gross Receipts: $16,360,712
Assets and Liabilities:
- Total Assets: $929,784
- Total Liabilities: $23,475,033
- Net Assets: -$22,545,249
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$14,479,876
ACCOUNTING FEES
Revenue
$1,421,769
OCCUPANCY FEES
Revenue
$343,336
SERVICE COORDINATOR FEES
Revenue
$115,731
Organization Details
Founding Year
1981
Phone
(562) 257-5100Principal Officer
Stuart Hartman
Main Address
911 N STUDEBAKER ROAD, LONG BEACH, CA, 90815
Website
www.rhf.orgNTEE Category
Code: P020 - Human services
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