L W Fraser Independent Living Project Inc
Only null% goes to programs Thin reserves
L W Fraser Independent Living Project Inc is a 501(c)(3) organization based in Richfield, Minnesota, registered in 1985, with $354,245 in FY2023 revenue. CharityIndex grades it D.
2400 W 64th St, Richfield, MN, 55423 EIN 36-3364065 Since 1985
Revenue (FY2023)
$354K
▲ 3.6% vs prior year
Housing median: $408K
Expenses (FY2023)
$351K
Net assets
-$330K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for L W Fraser Independent Living Project Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For L W Fraser Independent Living Project Inc: 0 mo reserves · +1% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for L W Fraser Independent Living Project Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For L W Fraser Independent Living Project Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 2400 W 64th St, Richfield, MN, 55423
- City
- Richfield
- State
- Minnesota
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Website
- …
Financial trends
Revenue grew from $269K (FY2013) to $354K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.1MNet assets -$330K
Operating margin
1.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$805K
Total liabilities
$1.1M
Net assets
-$330K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $354,245▲3.6% | $350,698▼2.3% | -$330,308▲1.1% | $804,784▼2.5% | 990 |
| 2022 | $341,794▼3.9% | $359,124▲3.8% | -$333,855▼5.5% | $825,798▼3.9% | 990 |
| 2021 | $355,574▲7.8% | $345,811▲2.6% | -$316,525▲3.0% | $859,081▼1.6% | 990 |
| 2020 | $329,975▲6.4% | $337,068▲4.2% | -$326,216▼2.2% | $873,292▼2.8% | 990 |
| 2019 | $310,063▲11.6% | $323,572▼0.9% | -$319,123▼4.4% | $898,060▼5.3% | 990 |
| 2018 | $277,811▲1.6% | $326,566▲2.6% | -$305,614▼19.0% | $947,922▼6.5% | 990 |
| 2017 | $273,535▼0.4% | $318,387▼0.7% | -$256,859▼21.2% | $1,014,073▼3.5% | 990 |
| 2016 | $274,765▲1.2% | $320,624▲4.3% | -$212,007▼27.6% | $1,051,144▼9.6% | 990 |
| 2015 | $271,453▲1.0% | $307,372▲2.5% | -$166,148▼27.6% | $1,162,354▼4.0% | 990 |
| 2014 | $268,771▼0.1% | $299,831▼12.5% | -$130,229▼31.3% | $1,211,110▼4.0% | 990 |
| 2013 | $268,939 | $342,809▲17.3% | -$99,169▼292% | $1,261,216▼7.1% | 990 |
| 2012 | — | $292,135▲2.7% | -$25,299▼369% | $1,357,789▼2.9% | 990 |
| 2011 | — | $284,379 | $9,390 | $1,399,053 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is L W Fraser Independent Living Project Inc a legitimate nonprofit?
- Yes. L W Fraser Independent Living Project Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-3364065, based in Richfield, Minnesota. Donations are tax-deductible.
- What is L W Fraser Independent Living Project Inc's EIN?
- L W Fraser Independent Living Project Inc's Employer Identification Number (EIN) is 36-3364065.
- How much revenue does L W Fraser Independent Living Project Inc report?
- L W Fraser Independent Living Project Inc reported $354,245 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does L W Fraser Independent Living Project Inc have?
- CharityIndex grades L W Fraser Independent Living Project Inc D, based on financial health (reserves and operating margin).
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Data for L W Fraser Independent Living Project Inc (EIN 36-3364065) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.