Foundation for Senior Adult Living Inc

What it reported doing in 2024

Through its affiliates, foundation for senior living (fsl) has been making Arizona a safe place to age since 1974. Fsl underwent a rebrand in april 2025 and is doing business as allthrive365. Allthrive365 assists over 38,000 arizonans annually through more than 25 programs centered around three primary areas: health, housing, and connection. In fiscal year 2024-25, allthrive365 continued its commitment to providing secure housing by offering shelter to over 1,300 arizonans each night. This encompassed various housing options, including single- and multi-family homes, afforadable housing complexes, and residential behavioral health group homes. Allthrive365 also actively trained and monitored sponsors involved in adult foster care and adult behavioral health therapeutic home programs. (continued on schedule o)as the largest provider of weatherization services in Arizona, allthrive365's weatherization and home improvement initiatives cut energy bills and improved health for over 8,000 homeowners. In the area of nutrition, allthrive365 provided 200,000 meals to families in need via food pantries, congregate and home-delivered meal programs. Health and wellness initiatives provided transitional care for over 2,400 patients upon hospital discharge and operated adult day health facilities, delivering over 133,000 hours of respite care to family caregivers. Throughout the fiscal year 2024-25, allthrive365 remained steadfast in its mission, making significant strides in ensuring the safety, health, and well-being of arizonans of all ages. Foundation for senior adult living has affordable housing in phoenix, Arizona providing individual apartments for low-income seniors. The housing program provides appropriate home choices for seniors and individuals with mobility and specific ability requirements. Residents are encouraged to personalize their surroundings and enjoy neighbors and communal activities. The project, sweetwater gardens, is a 24-unit apartment complex.

Financial Efficiency

• Mission deployment rate: 72%; rating input score 72
• Program expense ratio: 90.5%; rating input score 90
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 19.6%; rating input score 73; 73rd percentile among comparable filings
• Total-asset coverage ratio: 3.55; rating input score 72; 72nd percentile among comparable filings
• Liabilities to assets ratio: 0.98; rating input score 5; 5th percentile among comparable filings
• Officer compensation ratio: 16.4%; rating input score 23; 23rd percentile among comparable filings

Growth

• Program expense growth: 0.6% per year; rating input score 100; 33rd percentile among comparable filings
• Revenue growth: 2% per year; rating input score 100; 35th percentile among comparable filings
• Asset growth: 0.7% per year; rating input score 100; 27th percentile among comparable filings