Fsl Management is located in Phoenix, AZ. The organization was established in 0000. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Fsl Management employed 73 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Fsl Management is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Fsl Management generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $4.2m during the year ending 06/2022. While expenses have increased by 5.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MANAGEMENT OF LOW INCOME HOUSING AND ADMINISTRATION OF PROGRAMS AND SERVICES FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ITS AFFILIATES, FOUNDATION FOR SENIOR LIVING (FSL) HAS BEEN CARING FOR ARIZONANS SINCE 1974. WE PROVIDE A SAFE HOME FOR NEARLY 1,200 ARIZONANS EACH NIGHT THROUGH THE DEVELOPMENT OF BOTH SINGLE- AND MULTI-FAMILY HOMES AND THE MANAGEMENT OF MULTI-FAMILY AFFORDABLE HOUSING COMPLEXES AND RESIDENTIAL BEHAVIORAL HEALTH GROUP HOMES. ADDITIONALLY, WE TRAIN AND MONITOR SPONSORS OF THE ADULT FOSTER CARE AND ADULT BEHAVIORAL HEALTH THERAPEUTIC HOME PROGRAMS. IN FISCAL YEAR 2021-22, WE PROVIDED MORE THAN 560,000 MEALS TO FAMILIES IN NEED VIA OUR RURAL FOOD PANTRIES, CONGREGATE AND HOME-DELIVERED MEAL PROGRAMS. (CONTINUED ON SCHEDULE O) HOME AND COMMUNITY-BASED SERVICES ARE PROVIDED TO ENHANCE INDEPENDENCE FOR PEOPLE OF ALL AGES, INCLUDING ADULT DAY HEALTH CARE AND HOME HEALTH CARE FOR PATIENTS REQUIRING 24-HOUR NURSING SUPERVISION. MOREOVER, WE SUPPORT FAMILY CAREGIVERS THROUGH COMPLIMENTARY EDUCATIONAL OFFERINGS, CONNECTIONS TO COMMUNITY RESOURCES, AND NEARLY 200,000 HOURS OF RESPITE CARE. THE COVID PANDEMIC CONTINUED TO IMPACT MANY OF FSL'S PROGRAMS AND SERVICES WITH SOME SEEING AN INCREASE IN DEMAND AND OTHERS A REDUCTION IN UTILIZATION DUE TO SOCIAL DISTANCING REQUIREMENTS AND/OR WORKFORCE CHALLENGES. TO LEARN MORE ABOUT HOW THE PANDEMIC HAS IMPACTED VARIOUS PROGRAMS, PLEASE SEE SCHEDULE R FOR RELATED ENTITIES. DESPITE THE COVID-19 PANDEMIC CONTINUING TO CAUSE ISSUES THROUGHOUT THE COUNTRY, AND IMPACTING OUR ABILITY TO HIRE QUALIFIED STAFF AND PROVIDE PROGRAMS THROUGH TYPICAL SERVICE DELIVERY, WE HAD AN INCREDIBLE YEAR! WE WERE OVERWHELMED WITH SUPPORT FROM OUR COMMUNITY PARTNERS, INCLUDING THE ROMAN CATHOLIC DIOCESE OF PHOENIX, AREA AGENCY ON AGING, MARICOPA COUNTY, VIRGINIA G. PIPER CHARITABLE TRUST, ARIZONA PUBLIC SERVICE, THE DIANE AND BRUCE HALLE FOUNDATION, NEXT50 INITIATIVE, WELLIK FOUNDATION, AND BANNER HEALTH FOUNDATION. IN OCTOBER 2021, TOM EGAN RESIGNED AS PRESIDENT AND CEO; WE WELCOME TAMARA BOHANNON AS NEW PRESIDENT AND CEO IN FEBRUARY 2022. WE CONTINUED TO ENGAGE OUR CUSTOMERS IN A FEEDBACK LOOP CALLED LISTEN FOR GOOD AND MAINTAINED A HIGH NET PROMOTOR SCORE OF 72+. WE USED THIS VALUABLE TOOL TO SURVEY OUT EMPLOYEES, RECEIVING VALUABLE FEEDBACK FROM OUR TEAM THROUGHOUT THE ORGANIZATION. WE GREW OUR OPERATING BUDGET TO A RECORD $48M FOR THE YEAR. AFTER INTERMITTENT CLOSURES, WE REOPENED OUR THREE RECREACIN LOCATIONS, INCLUDING OUR BRAND-NEW LOCATION IN GLENDALE; AND WE COMPLETED RENOVATIONS ON OUR PHOENIX LOCATION TO PROVIDE OUR MEMBERS WITH A FRESH NEW EXPERIENCE. OUR ASSISTED GROUP LIVING PROGRAM EXPANDED THE NUMBER OF ADULT BEHAVIORAL HEALTH THERAPEUTIC SPONSORS AND OUR HOME IMPROVEMENTS DEPARTMENT ENGAGED IN A NEW PARTNERSHIP WITH MARICOPA COUNTY USING ARPA DOLLARS TO HELP COMMUNITY MEMBERS WITH A VARIETY OF HOME REPAIRS. OUR CARE BY DESIGN AND COMMUNITY ACTION TEAMS PROVIDED AN OVERWHELMING AMOUNT OF RENTAL, MORTGAGE, AND UTILITY ASSISTANCE TO HELP PEOPLE REMAIN IN THEIR HOMES. IN APRIL 2022, WE HELD A SUCCESSFUL INAUGURAL FUNDRAISING EVENT, CALLED DRIVING FORE HOPE, AT TOP GOLF SCOTTSDALE. OUR NEW SINGLE-FAMILY HOME DEVELOPMENT PROJECT IN WICKENBURG, CASA DEL SOL, RECEIVED FINANCIAL SUPPORT FROM FEDERAL HOME LOAN BANK WITH AHP FUNDS. WE ALSO COMPLETED THE MIGRATION OF OUR SERVERS AND WORKSTATIONS TO MS635 AND OUR FILES TO ONEDRIVE AND SHAREPOINT, ALLOWING OUR STAFF TO WORK FROM ANYWHERE WITH EASE. FINALLY, WE REMAINED IN THE 5TH POSITION ON THE PHOENIX BUSINESS JOURNAL'S HEALTHCARE BOOK OF LISTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tom Egan CEO & President (thru Oct 2021) | OfficerTrustee | 40 | $226,154 |
Steve Hastings Secretary | OfficerTrustee | 0.25 | $0 |
Blanca Ruiz Treasurer | OfficerTrustee | 40 | $105,449 |
Teresa Celaya-Garner CFO & Vice President (thru May 2022) | OfficerTrustee | 40 | $162,174 |
Luis Arevalo Board Member | Trustee | 0.25 | $12,000 |
Tamara Bohannon CEO & President | OfficerTrustee | 40 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $43 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $43 |
Total Program Service Revenue | $4,336,060 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,340,503 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $568,217 |
Compensation of current officers, directors, key employees. | $84,420 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,566,947 |
Pension plan accruals and contributions | $36,125 |
Other employee benefits | $271,568 |
Payroll taxes | $151,604 |
Fees for services: Management | $0 |
Fees for services: Legal | $23,690 |
Fees for services: Accounting | $111,023 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $484,517 |
Advertising and promotion | $10,847 |
Office expenses | $52,284 |
Information technology | $376,184 |
Royalties | $0 |
Occupancy | $263,409 |
Travel | $6,400 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,333 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,145 |
Insurance | $68,515 |
All other expenses | $0 |
Total functional expenses | $4,207,395 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $45,386 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $170,990 |
Net Land, buildings, and equipment | $1,870 |
Investments—publicly traded securities | $0 |
Investments—other securities | -$2,534 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $957,590 |
Total assets | $1,173,302 |
Accounts payable and accrued expenses | $516,327 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $2,256,586 |
Total liabilities | $2,772,913 |
Net assets without donor restrictions | -$1,599,611 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,173,302 |