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Friends Of Faith Ret Homes Inc

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

EIN: 510245745 ✦ Waterloo, IA ✦ Designated as a 501(c)(3)

Overview

What is Friends Of Faith Ret Homes Inc?

Friends of Faith Ret Homes Inc is a nonprofit organization located at 600 Park Lane, Waterloo, IA, 50702, dedicated to the well-being of adults aged 62 and above. They provide a continuum of care including independent living, assisted living, and skilled nursing care. Their mission is to enhance the physical and spiritual well-being of seniors, while allowing them to maintain their financial independence in a congenial environment. The organization, with a workforce of 540 employees, offers a Christian ministry to its residents.


Official website here: www.friendshipvillageiowa.com

Is Friends Of Faith Ret Homes Inc legitimate?

Friends Of Faith Ret Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Faith Ret Homes 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.

Here are some key statistics you may want to consider:

Executive Compensation: $304,548
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,083,599

For more financial information, click here


Official website here: www.friendshipvillageiowa.com

What is the mission statement of Friends Of Faith Ret Homes Inc?

Friends of Faith Ret Homes Inc is dedicated to enhancing the lives of adults aged 62 and above. Their mission is to promote the dignity of these individuals by offering a continuum of care that includes independent living, assisted living, and skilled nursing care. The organization provides living accommodations and services that enable these adults to maximize their physical and spiritual well-being while maintaining their financial independence. The congenial environment of Friends of Faith Ret Homes Inc is grounded in a Christian ministry, fostering a sense of community and support for its residents.


Official website here: www.friendshipvillageiowa.com

Who is the CEO of Friends Of Faith Ret Homes Inc?

Lisa Gates is the President/Ce of Friends Of Faith Ret Homes Inc.


Official website here: www.friendshipvillageiowa.com

What is the revenue of Friends Of Faith Ret Homes Inc?

Friends Of Faith Ret Homes Inc's revenue in 2023 was $30,283,903.


Official website here: www.friendshipvillageiowa.com

Who are the executives of Friends Of Faith Ret Homes Inc and what are their salaries?

The average compensation at Friends Of Faith Ret Homes Inc during 2023 was $19,237. There are 540 employees and 60 volunteers at Friends Of Faith Ret Homes Inc.

Here are 19 key members and their salaries:

    Lisa Gates (President/Ce)
  • Compensation: $281,125
  • Related: $0
  • Other: $23,424

    • Rev Ron Weimer (Board Mbr/Ch) [Trustee/Director]
  • Compensation: $40,495
  • Related: $0
  • Other: $0

    • George Farber (Board Mbr/Ch) [Trustee/Director]
  • Compensation: $5,650
  • Related: $0
  • Other: $0

    • Craig Anderson (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rick Bauer (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Gilgen (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Grady (Past Chairma) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pastor Tom Hlad (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Smith Jr (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ronald Kiewiet (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pastor Quovadis Marshall (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brad Morris (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jay Nardini (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pastor Chris Rygh (Vice Chairma) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nancy Shirey (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Smith (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Tink (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pastor Jesse Tink (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vera Wallican (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.friendshipvillageiowa.com

    Where can I find the form 990 for Friends Of Faith Ret Homes Inc?

    The Friends Of Faith Ret Homes Inc’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.friendshipvillageiowa.com

    Learn more at the official website: www.friendshipvillageiowa.com

    Mission Statement of Friends Of Faith Ret Homes Inc

    Friends of Faith Ret Homes Inc is a nonprofit organization committed to promoting the dignity of adults aged 62 and above. Through their mission, they offer a continuum of care that includes independent living, assisted living, and skilled nursing care. The living accommodations and services provided by this organization enable older adults to maximize their physical and spiritual well-being while maintaining their financial independence.

    Friends of Faith Ret Homes Inc is dedicated to creating a congenial environment for seniors, where they can live comfortably and receive the assistance they need. The organization's focus on spiritual well-being sets it apart from other care facilities, as it integrates a Christian ministry into its services. This holistic approach allows seniors to not only receive essential care but also engage in spiritual growth and fellowship.

    The mission of Friends of Faith Ret Homes Inc is centered on ensuring that older adults are treated with respect and dignity, allowing them to maintain their independence and enjoy their golden years in a supportive and caring community. By offering a range of care options, Friends of Faith Ret Homes Inc caters to the diverse needs of seniors, providing them with the best possible living arrangements and services.

    Impact

    This information is meant to be a general summary of Friends Of Faith Ret Homes Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Friends Of Faith Ret Homes Inc's impact lies in its mission to promote the dignity of adults 62 and over by providing a continuum of care, including independent living, assisted living, and skilled nursing care living accommodations and services. By offering a congenial environment with a Christian ministry, this organization assists adults in maximizing their physical and spiritual well-being while maintaining their financial independence. Through its dedication to lifecare for seniors, Friends Of Faith Ret Homes Inc positively impacts the lives of older adults in Waterloo, IA, ensuring they receive the support and services necessary to live comfortably and with dignity.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $9,881
  • Program Service Revenue: $16,082,869
  • Gross Receipts: $30,412,470

    • Assets and Liabilities:
  • Total Assets: $106,965,009
  • Total Liabilities: $105,131,231
  • Net Assets: $1,833,778
  • Programs

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

    APARTMENT SERVICE INCOME

    Revenue

    $9,124,589

    NURSING CARE INCOME

    Revenue

    $3,671,468

    RESIDENT ENDOWMENT INCOME

    Revenue

    $2,095,082

    MEALS

    Revenue

    $709,249

    CHILD CARE INCOME

    Revenue

    $361,803

    Organization Details

    Founding Year

    1966

    Principal Officer

    Lisa Gates

    Main Address

    600 PARK LANE, WATERLOO, IA, 507025200

    NTEE Category

    Code: L220 - Housing

    If you are a representative of Friends Of Faith Ret Homes Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.