FSL RURAL DEVELOPMENT INC

EIN: 860380470 501(c)(3) Housing & Shelter

PHOENIX, AZ

Total Revenue
$1,589,044
Total Expenses
$1,315,958
Total Assets
$8,770,240
Net Assets
$3,757,638
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Organization Details

Formation Year
1979
Legal Domicile
AZ
Principal Officer
TAMARA BOHANNON
Phone
6022851800
Tax Period
2022-07-01 to 2023-06-30

FSL RURAL DEVELOPMENT INC, founded in 1979, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2022. The organization ran a surplus of $273K, a strong 17% operating margin.

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: $967,559 Revenue: $1,496,220

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.FSL'S RURAL DEVELOPMENT HOUSING PROGRAM PROVIDES APPROPRIATE HOME CHOICES FOR SENIORS AND INDIVIDUALS WITH MOBILITY AND SPECIFIC ABILITY REQUIREMENTS. THESE VERY LOW INCOME RESIDENTS ARE ENCOURAGED TO PERSONALIZE THEIR SUBSIDIZED APARTMENTS AND ENJOY NEIGHBORS AND COMMUNAL ACTIVITIES. FSL RURAL DEVELOPMENT CONSISTS OF THREE WELL MAINTAINED FACILITIES LOCATED THROUGHOUT THE STATE. RESIDENTS SERVED WERE 108 AT THE FOLLOWING FACILITIES: VIANNEY VILLAS IN AVONDALE, AZ; PADUA HILLS IN WICKENBURG, AZ; ST. AGNES IN WILLIAMS, AZ.

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $29,341
Program Service Revenue $1,493,787
Investment Income $63,483
Other Revenue $2,433
TOTAL REVENUE $1,589,044

Expense Breakdown

Grants Paid $0
Salaries & Benefits $283,116
Fundraising Expenses $0
Program Expenses $967,559
Other Expenses $1,032,842
TOTAL EXPENSES $1,315,958

Year-over-Year Comparison

2022 2021 Change
Revenue $1,589,044 $1,559,982 +0.0%
Expenses $1,315,958 $1,219,862 +0.1%
Net Income $273,086 $340,120 -0.2%
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
16
Volunteers
8

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
5
$798,206
Total Directors
4
$704,155
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
CARRIE SMITH COO & VICE PRESIDENT 0.00
Officer Director
$0 $13,954 $193,864
BLANCA RUIZ TREASURER 0.00
Officer Director
$0 $12,119 $115,340
STEVE HASTINGS SECRETARY 0.00
Officer Director
$0 $8,136 $199,228
DAVID PADDISON CFO 0.00
Officer
$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 $1,589,044 $1,315,958 $8,770,240 $273,086
2022 $1,559,982 $1,219,862 $8,624,578 $340,120
2021 $1,540,037 $1,192,976 $8,452,709 $347,061
2020 $1,561,683 $1,168,731 $8,236,454 $392,952
2019 $1,490,328 $1,180,382 $8,001,405 $309,946
2018 $1,465,891 $1,125,154 $7,818,447 $340,737
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