Fsl Real Estate Services

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 focus areas: health, housing and connection. In the 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, affordable housing complexes, and residential behavioral health group homes. (schedule o)allthrive365 also actively trained and monitored sponsors involved in adult foster care and adult behavioral health therapeutic home programs.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.fsl real estate services (res) dba allthrive365 res manages a portfolio of affordable and subsidized housing that incorporates green building technology and, in many cases, pv solar electrical power, and develops new affordable housing for low-income seniors, adults with disabilities, and low to moderate income families. Developments utilize several funding sources including low income housing tax credits, state of Arizona housing trust funds, home investment partnership funds, lisc, Arizona community foundation, american , rural development funds, san francisco and chicago federal home loan banks affordable housing program grants, construction lending, american rescue plan act (arpa) funds, taxable bonds, and permanent commercial debt. One issue that many seniors experience is depression, often with severe consequences. This depression is frequently caused by seclusion, mobility issues or lack of a supportive social network. In an effort to ensure not only the safety and wellbeing of its residents, allthrive365 also fosters their ancillary needs and wellbeing. As part of this, allthrive365 provides accessible vans at the residential properties to keep the residents active, social and engaged. Frequent shopping trips to appointments and stores where residents receive senior discounts establish the residents as an integral part of their respective communities. Other social factors that allthrive365 supports in its properties include large book-lined community rooms for residents to gather and congregate and activity coordinators to help plan trips and activities. On-site food pantries also promote good nutrition, healthy habits and ensure that very low-income residents never go hungry. In addition, allthrive365 pays the residents' utilities to promote basic safety and ease of budgeting, as well as to eliminate uncertainty. The combination of these services builds social communities with happy, active seniors. Five communities, located in holbrook, mayer, phoenix, and prescott, provide 102 affordable homes. In fiscal year 2024-25, 36,561 nights of safe, affordable housing were provided to 228 arizonans, including seniors, adults with disabilities, and families.

Financial Efficiency

• Mission deployment rate: 45.5%; rating input score 46
• Program expense ratio: 36.5%; rating input score 37
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd 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; 3rd 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: -25.3%; rating input score 5; 5th percentile among comparable filings
• Total-asset coverage ratio: 13.04; rating input score 93; 93rd percentile among comparable filings
• Liabilities to assets ratio: 0.75; rating input score 12; 12th percentile among comparable filings
• Officer compensation ratio: 13.8%; rating input score 21; 21st percentile among comparable filings

Growth

• Program expense growth: -6.8% per year; rating input score 0; 4th percentile among comparable filings
• Revenue growth: 0.2% per year; rating input score 100; 12th percentile among comparable filings
• Asset growth: 8.2% per year; rating input score 100; 51st percentile among comparable filings