FSL HOME IMPROVEMENTS INC

EIN: 383649930 501(c)(3)

PHOENIX, AZ

Total Revenue
$14,988,470
Total Expenses
$14,682,929
Total Assets
$3,204,159
Net Assets
$1,868,758
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
AZ
Principal Officer
TAMARA BOHANNON
Phone
6022851800
Tax Period
2022-07-01 to 2023-06-30

FSL HOME IMPROVEMENTS INC, founded in 2002, is a mid-sized nonprofit that reported $15.0M in total revenue in fiscal year 2022. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE HOME AND COMMUNITY-BASED SERVICES AND DEVELOP ENERGY-EFFICIENT, AFFORDABLE HOUSING TO PROMOTE HEALTH, INDEPENDENCE AND DIGNITY FOR ALL.

Program Service Accomplishments

Program 1
Expenses: $13,206,301 Revenue: $12,679,307

THROUGH ITS AFFILIATES, FOUNDATION FOR SENIOR LIVING (FSL) HAS BEEN MAKING ARIZONA A SAFE PLACE TO AGE SINCE 1974. FSL ASSISTS OVER 42,000 ARIZONANS ANNUALLY THROUGH MORE THAN 25 PROGRAMS CENTERED...

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THROUGH ITS AFFILIATES, FOUNDATION FOR SENIOR LIVING (FSL) HAS BEEN MAKING ARIZONA A SAFE PLACE TO AGE SINCE 1974. FSL ASSISTS OVER 42,000 ARIZONANS ANNUALLY THROUGH MORE THAN 25 PROGRAMS CENTERED AROUND FOUR PRIMARY AREAS: SAFE & AFFORDABLE HOUSING, NUTRITIOUS MEALS, HEALTH & WELLNESS, AND CAREGIVER SUPPORT. IN THE FISCAL YEAR 2022-23, FSL CONTINUED ITS COMMITMENT TO PROVIDING SECURE HOUSING BY OFFERING SHELTER TO OVER 1,500 ARIZONANS EACH NIGHT. THIS ENCOMPASSED VARIOUS HOUSING OPTIONS, INCLUDING SINGLE- AND MULTI-FAMILY HOMES, AFFORDABLE HOUSING COMPLEXES, AND RESIDENTIAL BEHAVIORAL HEALTH GROUP HOMES. FSL 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, FSL'S WEATHERIZATION AND HOME IMPROVEMENT INITIATIVES CUT ENERGY BILLS AND IMPROVED HEALTH FOR OVER 8,000 HOMEOWNERS. IN THE AREA OF NUTRITION, FSL 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 900 PATIENTS UPON HOSPITAL DISCHARGE AND OPERATED ADULT DAY HEALTH FACILITIES, DELIVERING OVER 150,000 HOURS OF RESPITE CARE TO FAMILY CAREGIVERS. THROUGHOUT THE FISCAL YEAR 2022-23, FSL REMAINED STEADFAST IN ITS MISSION, MAKING SIGNIFICANT STRIDES IN ENSURING THE SAFETY, HEALTH, AND WELL-BEING OF ARIZONANS OF ALL AGES.SINCE 2002, FSL HOME IMPROVEMENTS HAS BEEN PROVIDING EMERGENCY, MINOR AND MAJOR REPAIRS, RENOVATIONS AND ENERGY CONSERVATION SERVICES TO LOW-INCOME HOUSEHOLDS THROUGHOUT MARICOPA COUNTY. IN FYE 2023, FSL HOME IMPROVEMENTS SERVED 1,042 HOUSEHOLDS. AS THE ARIZONA SPONSOR OF THE HOME PERFORMANCE WITH ENERGYSTAR PROGRAM WE REPORTED 7,043 ENERGY AUDITS TO THE ENVIRONMENTAL PROTECTION AGENCY. FOR FY 22-23 FSL PROVIDED MARICOPA COUNTY RESIDENTS WITH EMERGENCY REPAIRS SERVING 276 HOUSEHOLD, EXPENDING $3.8M. THE ARPA PROGRAM ENDED IN JULY 2023. FSL CONTINUES TO PROVIDE REHAB AND EMERGENCY REPAIR SERVICES FOR THE CITY OF TOLLESON, CITY OF GOODYEAR AND CITY OF CHANDLER. FSL WAS AWARDED $500K FROM APS IN DECEMBER OF 2022 TO CONTINUE OUR HEALTHY HOMES A/C PROGRAM. FSL SERVED 42 HOUSEHOLD WITH THOSE FUNDS. THE A/C PROGRAM TRULY HAS SAVED LIVES AND IMPROVED THE HEALTH OF THE HOUSEHOLD MEMBERS. FSL HOME IMPROVEMENTS OPERATES THE SOUTHWEST BUILDING SCIENCE TRAINING CENTER WHICH PROVIDES CLASSROOM AND HANDS-ON TRAINING TO SUPPORT NEW DEPARTMENT OF ENERGY INITIATIVES AND LOCAL UTILITY ENERGY EFFICIENCY PROGRAMS. IN MARCH OF 2023, THE SOUTHWEST TRAINING CENTER (SWBSTC) RECEIVED A $3M CONTRACT FROM THE ARIZONA DEPARTMENT OF HOUSING TO CREATE NEW TRAINING CURRICULUM AND CONDUCT TRAININGS FOR STATE-WIDE WEATHERIZATION SUB GRANTEES AND PARTICIPATING CONTRACTORS. SWBSTC HELD 8 CLASSES AND PROVIDED TRAINING TO 69 STUDENTS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,519,594
Program Service Revenue $13,468,876
Investment Income $0
Other Revenue $0
TOTAL REVENUE $14,988,470

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,949,270
Fundraising Expenses $0
Program Expenses $13,206,301
Other Expenses $12,733,659
TOTAL EXPENSES $14,682,929

Year-over-Year Comparison

2022 2021 Change
Revenue $14,988,470 $19,530,498 -0.2%
Expenses $14,682,929 $18,796,580 -0.2%
Net Income $305,541 $733,918 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
N/A
Employees
33
Volunteers
1

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$604,342
Total Directors
4
$604,342
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAMARA BOHANNON CEO & PRESIDENT 0.00
Officer Director
$0 $0 $195,723
STEVE HASTINGS CHIEF OF REAL ESTATE & VICE PRESIDENT 0.00
Officer Director
$0 $8,136 $199,228
BLANCA RUIZ TREASUER 0.00
Officer Director
$0 $12,119 $115,340
DAVID PADDISON CFO & SECRETARY 0.00
Officer Director
$0 $0 $94,051
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $14,988,470 $14,682,929 $3,204,159 $305,541
2022 $19,530,498 $18,796,580 $5,773,976 $733,918
2021 $12,640,970 $11,841,862 $1,678,709 $799,108
2020 $7,729,141 $7,723,850 $1,605,985 $5,291
2019 $5,827,367 $5,867,275 $1,009,668 $-39,908
2018 $5,798,246 $5,677,390 $1,496,737 $120,856
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