FOUNDATION FOR SENIOR ADULT LIVING INC

EIN: 860462784 501(c)(3)

PHOENIX, AZ

Total Revenue
$369,226
Total Expenses
$380,300
Total Assets
$996,623
Net Assets
$-148,979
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Organization Details

Formation Year
1978
Legal Domicile
AZ
Principal Officer
TAMARA BOHANNON
Phone
6022851800
Tax Period
2022-07-01 to 2023-06-30

FOUNDATION FOR SENIOR ADULT LIVING INC, founded in 1978, is a small nonprofit that reported $369K in total revenue in fiscal year 2022.

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: $356,780 Revenue: $343,267

THROUGH ITS AFFILIATES, FOUNDATION FOR SENIOR LIVING (FSL) HAS BEEN CARING FOR ARIZONANS SINCE 1974. FSL ASSISTS OVER 42,000 ARIZONANS ANNUALLY THROUGH MORE THAN 25 PROGRAMS CENTERED AROUND FOUR...

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THROUGH ITS AFFILIATES, FOUNDATION FOR SENIOR LIVING (FSL) HAS BEEN CARING FOR ARIZONANS 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 FISCAL YEAR 2022-23, FSL CONTINUED ITS COMMITMENT TO PROVIDING SECURE HOUSING BY OFFERING SHELTER TO OVER 1,500 ARIZONANS EACH NIGHT. THE ENCOMPASSED VARIOUS HOUSING OPTIONS, INCLUDING SINGLE- AND MULTI-FAMILY HOMES, AFFORADABLE 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. FOUNDATION FOR SENIOR ADULT LIVING HAS AFFORDABLE HOUSING IN PHOENIX, ARIZONA PROVIDING INDIVIDUAL APARTMENTS FOR LOW-INCOME SENIORS. THE HOUSING PROGRAM PROVIDES APPROPRIATE HOME CHOICES FOR SENIORS AND INDIVIDUALS WITH MOBILITY AND SPECIFIC ABILITY REQUIREMENTS. RESIDENTS ARE ENCOURAGED TO PERSONALIZE THEIR SURROUNDINGS AND ENJOY NEIGHBORS AND COMMUNAL ACTIVITIES. THE PROJECT, SWEETWATER GARDENS, IS A 24-UNIT APARTMENT COMPLEX. LAST FISCAL YEAR 31 UNDUPLICATED CLIENTS WERE SERVED.

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $24,093
Program Service Revenue $341,778
Investment Income $1,866
Other Revenue $1,489
TOTAL REVENUE $369,226

Expense Breakdown

Grants Paid $0
Salaries & Benefits $71,257
Fundraising Expenses $0
Program Expenses $356,780
Other Expenses $309,043
TOTAL EXPENSES $380,300

Year-over-Year Comparison

2022 2021 Change
Revenue $369,226 $353,517 +0.0%
Expenses $380,300 $329,128 +0.2%
Net Income $-11,074 $24,389 -1.5%
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
5
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
$734,235
Total Directors
5
$734,235
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
MEGAN WORD SECRETARY 0.00
Officer Director
$0 $20,695 $135,257
DAVID PADDISON CFO 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 $369,226 $380,300 $996,623 $-11,074
2022 $353,517 $329,128 $965,010 $24,389
2021 $360,212 $326,741 $926,041 $33,471
2020 $352,473 $326,716 $893,159 $25,757
2019 $344,270 $315,486 $898,402 $28,784
2018 $336,122 $313,510 $870,657 $22,612
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