Overview
What is Friends Retirement Association?
Friends Retirement Association is a nonprofit organization situated in Los Angeles, California, specifically at 3255 Wilshire Boulevard. Their primary focus is on providing housing for the elderly, managing a total of 25 properties under a program funded by the HUD. This program allows the tenants to receive Section 8 assistance from HUD, making housing more affordable for them. The Friends Retirement Association's mission is to ensure elderly individuals have access to suitable housing, thereby contributing to their overall well-being.
Is Friends Retirement Association legitimate?
Friends Retirement Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Retirement Association 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: $16,859
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What is the mission statement of Friends Retirement Association?
The Friends Retirement Association's mission, as outlined, involves owning and managing 25 housing units specifically designed for the elderly. These units operate under a program supported by the HUD, and tenants residing in these properties are eligible to receive Section 8 assistance from HUD. In essence, the association aims to provide affordable housing solutions for the elderly, backed by government assistance.
Who is the CEO of Friends Retirement Association?
Mondana Najafabadi is the President of Friends Retirement Association.
What is the revenue of Friends Retirement Association?
Friends Retirement Association's revenue in 2023 was $152,269.
Who are the executives of Friends Retirement Association and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Friends Retirement Association?
Friends Retirement Association's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Friends Retirement Association
Friends Retirement Association, as a nonprofit organization, is dedicated to providing housing solutions for the elderly. It accomplishes this mission by owning and managing 25 housing units, which are supported by the HUD program. The residents of these accommodations receive Section 8 assistance from HUD, ensuring they have affordable housing options. The association's mission is to offer a secure living environment for the elderly, enabling them to maintain their independence and quality of life.
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Impact
October, 2024
Friends Retirement Association significantly enhances the quality of life for elderly residents in Los Angeles by providing access to affordable housing. By owning and operating 25 housing units specifically for seniors, they ensure that individuals can live in a supportive environment. The association facilitates participation in the HUD program, which allows tenants to receive Section 8 assistance, thereby making housing more financially accessible for those who may otherwise struggle. Through these efforts, Friends Retirement Association contributes to the stability and well-being of the aging population, helping to create a community where seniors can thrive in their later years.
This information is meant to be a general summary of Friends Retirement Association. 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.
- Investment Income: $9,042
- Program Service Revenue: $141,996
- Gross Receipts: $152,269
Assets and Liabilities:
- Total Assets: $517,750
- Total Liabilities: $469,391
- Net Assets: $48,359
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenants rent and Sec 8
Revenue
$109,586
Manager House Rental
Revenue
$32,410
Organization Details
Founding Year
2017
Principal Officer
Mondana Najafabadi
Main Address
Amer real prop 3255 wilshireblvd, Los Angeles, CA, 90010
NTEE Category
Code: L22Z - Housing
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