Friends Retirement Association

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

4 people listed

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Friends retirement association provides affordable housing for the elderly which is subsidized under the hud program 202.

Revenue model: No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model: Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
Pay-setting controls: Limited
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail

Operating margin: -164.9%; rating input score 14; 14th percentile among comparable filings
Total-asset coverage ratio: 10.51; rating input score 64; 64th percentile among comparable filings
Liabilities to assets ratio: 2.1; rating input score 2; 2nd percentile among comparable filings
Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Program expense growth: -48.3% per year; rating input score 0; 6th percentile among comparable filings
Revenue growth: -47% per year; rating input score 0; 9th percentile among comparable filings
Asset growth: -14.6% per year; rating input score 0; 10th percentile among comparable filings

Where the money goes: 61.4% of spending went to programs
Governance: 4 of 4 board members independent · 6 of 7 filing controls reported
Programs: 2 filed program accomplishments · $12K in reported program spending
Leadership: top reported pay $0 · 4 people listed
Consistency: 16 of 16 current checks pass
Schedules: 3 filed schedules
Filing history: 4 filing years from 2020 to 2024
Contacts: How to reach this organization
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.

High — Sustainability: Operating margin scored 14/100.
High — Growth: Program expense growth scored 0/100.
High — Growth: Revenue growth scored 0/100.
Review — Accountability: Governance controls: Independent financial-statement audit not reported.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Liabilities to assets ratio scored 2/100.