Fsl Real Estate Services is located in Phoenix, AZ. The organization was established in 1946. 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 Real Estate Services employed 18 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Fsl Real Estate Services 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 Real Estate Services generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. 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
TO PROVIDE HOME AND COMMUNITY-BASED SERVICES AND DEVELOP ENERGY-EFFICIENT, AFFORDABLE HOUSING TO PROMOTE HEALTH, INDEPENDENCE AND DIGNITY FOR ALL.
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 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.FSL REAL ESTATE SERVICES (RES) MANAGES A PORTFOLIO OF AFFORDABLE AND SUBSIDIZED HOUSING THAT INCORPORATES GREEN BUILDING TECHNOLOGY AND IN MANY CASES, SOLAR ELECTRICAL POWER, AND DEVELOPS NEW AFFORDABLE HOUSING FOR LOW INCOME SENIORS, ADULTS WITH DISABILITIES, AND LOW TO MODERATE INCOME FAMILIES. DEVELOPMENTS UTILIZE A NUMBER OF FUNDING SOURCES INCLUDING LOW INCOME HOUSING TAX CREDITS, STATE OF ARIZONA HOUSING TRUST FUNDS, HOME INVESTMENT PARTNERSHIP FUNDS, LISC, ARIZONA COMMUNITY FOUNDATION, HUD, NEIGHBORHOOD STABILIZATION PROGRAM, RURAL DEVELOPMENT FUNDS, SAN FRANCISCO AND CHICAGO FEDERAL HOME LOAN BANKS AFFORDABLE HOUSING PROGRAM GRANTS, CONSTRUCTION LENDING, 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, FSL ALSO FOSTERS THEIR ANCILLARY NEEDS AND WELLBEING. AS PART OF THIS, FSL 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 FSL 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, FSL 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 2022, 33,705 NIGHTS OF SAFE, AFFORDABLE HOUSING WERE PROVIDED TO 228 ARIZONANS, INCLUDING SENIORS, ADULTS WITH DISABILITIES, AND FAMILIES. TO DATE, CASA DEL SOL HAS RECEIVED GRANTS FROM THE SAN FRANCISCO FEDERAL HOME LOAN BANK AND MARICOPA COUNTY TO HELP BUYERS WITH CLOSING COSTS AND TO CLOSE THE AFFORDABILITY GAP FOR LOWER INCOME FAMILIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tom Egan CEO & Board President (thru Oct 2021) | OfficerTrustee | 1 | $0 |
Blanca Ruiz Board Treasurer | OfficerTrustee | 1 | $0 |
Teresa Celaya-Garner CFO & Board Vice President (thru May 2022) | OfficerTrustee | 1 | $0 |
Annette Iniguez Board Secretary (thru May 2022) | OfficerTrustee | 1 | $0 |
Tamara Bohannon CEO & Board President | OfficerTrustee | 0 | $0 |
Jennifer Quillin Board Member | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Fsl Managmement Management Fees | 6/29/22 | $155,367 |
Community Development Solutions Consulting | 6/29/22 | $106,050 |
Sun Valley Remodeling Remodeling/construction | 6/29/22 | $133,100 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $129,757 |
All other contributions, gifts, grants, and similar amounts not included above | $357,124 |
Noncash contributions included in lines 1a–1f | $277,124 |
Total Revenue from Contributions, Gifts, Grants & Similar | $486,881 |
Total Program Service Revenue | $943,359 |
Investment income | $2,021 |
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 | $1,439,632 |
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. | $190,499 |
Compensation of current officers, directors, key employees. | $19,050 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $847,050 |
Pension plan accruals and contributions | $24,564 |
Other employee benefits | $86,220 |
Payroll taxes | $74,791 |
Fees for services: Management | $199,945 |
Fees for services: Legal | $3,592 |
Fees for services: Accounting | $9,100 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $160,947 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $346,627 |
Travel | $37,693 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $83,277 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $337,078 |
Insurance | $33,153 |
All other expenses | $812 |
Total functional expenses | $2,602,099 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $468,128 |
Savings and temporary cash investments | $262,987 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $17,842 |
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 | $10,328 |
Net Land, buildings, and equipment | $10,519,903 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $13,732,695 |
Total assets | $25,011,883 |
Accounts payable and accrued expenses | $228,453 |
Grants payable | $0 |
Deferred revenue | $9,709 |
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 | $8,124,966 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $10,705,864 |
Total liabilities | $19,068,992 |
Net assets without donor restrictions | $5,897,891 |
Net assets with donor restrictions | $45,000 |
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 | $25,011,883 |