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F B C Corporation

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

EIN: 561058564 ✦ Matthews, NC ✦ Designated as a 501(c)(3)

Overview

What is F B C Corporation?

FB C Corporation, based in Matthews, North Carolina, is a nonprofit organization that focuses on providing housing solutions for families with moderate to low income. Situated in Fayetteville, NC, the corporation's primary mission is to offer affordable living options to those in need. By doing so, the organization contributes to the local community, ensuring that families have a stable living environment. The corporation operates within the guidelines and regulations of North Carolina, providing essential housing services to those who require assistance.


Is F B C Corporation legitimate?

F B C Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. F B C 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of F B C Corporation?
Who is the CEO of F B C Corporation?
What is the revenue of F B C Corporation?
Who are the executives of F B C Corporation and what are their salaries?
Where can I find the form 990 for F B C Corporation?

Mission Statement of F B C Corporation

F B C Corporation, as a nonprofit entity, is dedicated to providing housing solutions for families with modest and low incomes. By serving as a housing provider, this organization plays a significant role in ensuring that families in need have a secure place to call home. The corporation's mission is centered around the belief that every individual deserves a safe and comfortable living space, regardless of their financial situation. By focusing on low-income families, F B C Corporation is committed to making a positive impact on the community and contributing to a more equitable society.

Impact

This information is meant to be a general summary of F B C Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

F B C Corporation's impact lies in its provision of housing for low and moderate-income families in Fayetteville, NC. Through its activities, the corporation directly addresses the pressing need for affordable housing in the community. By offering a stable and secure living environment for these families, F B C Corporation contributes to their overall well-being and quality of life. This impact extends beyond just shelter, as having a safe and affordable home can positively influence other aspects of individuals' lives, such as their health, education, and financial stability. The corporation plays a vital role in supporting the local community and promoting social equity through its housing initiatives.





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 2022.

  • Investment Income: $24,235
  • Program Service Revenue: $343,286
  • Gross Receipts: $1,506,540

    • Assets and Liabilities:
  • Total Assets: $8,179,810
  • Total Liabilities: $9,070,269
  • Net Assets: -$890,459
  • Programs

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

    TENANT RENTAL PAYMENTS

    Revenue

    $320,896

    TENANT CHARGES

    Revenue

    $16,674

    LAUNDRY & VENDING

    Revenue

    $5,716

    Organization Details

    Founding Year

    1970

    Principal Officer

    Mr Joseph Washington

    Main Address

    300 EAST JOHN STREET 138, MATTHEWS, NC, 28105

    NTEE Category

    Code: L21 - Housing

    If you are a representative of F B C Corporation 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.