My Friends Place Inc
- Assets
- $1.5m
- Revenue
- $922.6k
- Investments
- $0.0
- Employees
- 15
- Location
- Dover, NH
- Founding
- 06/1988
- Data as of
- 06/2023
- EIN
- 02-0407497
Organization Overview
My Friends Place Inc is located in Dover, NH. The organization was established in 1988. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, My Friends Place Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. My Friends Place Inc 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 06/2023, My Friends Place Inc generated $922.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $450.9k during the year ending 06/2023. While expenses have increased by 6.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRIMARY PURPOSE IS TO PROVIDE SAFE AND SUPPORTIVE EMERGENCY AND TRANSITIONAL SHELTER TO INDIVIDUALS AND FAMILIES EXPERIENCING HOMELESSNESS IN STRAFFORD COUNTY, NH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SAFE AND SUPPORTIVE EMERGENCY AND TRANSITIONAL SHELTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Bowen Director | Trustee | 0.25 | $0 |
Fx Bruton President | OfficerTrustee | 0.3 | $0 |
John Doanne Director | Trustee | 0.5 | $0 |
Robert Fuller Treasurer | OfficerTrustee | 0.5 | $0 |
Brad Gould Director | Trustee | 0.25 | $0 |
Debra Hackett Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $574,314 |
| All other contributions, gifts, grants, and similar amounts not included above | $149,233 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $723,547 |
| Total Program Service Revenue | $114,108 |
| Investment income | $121 |
| 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 | $84,869 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $922,645 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $249,117 |
| Pension plan accruals and contributions | $3,191 |
| Other employee benefits | $27,841 |
| Payroll taxes | $20,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,960 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,427 |
| Travel | $711 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,941 |
| Insurance | $10,678 |
| All other expenses | $8,641 |
| Total functional expenses | $450,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,540 |
| Savings and temporary cash investments | $419,972 |
| Pledges and grants receivable | $110,400 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,588 |
| Prepaid expenses and deferred charges | $8,078 |
| Net Land, buildings, and equipment | $842,499 |
| Investments—publicly traded securities | $11,784 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $95,249 |
| Total assets | $1,516,110 |
| Accounts payable and accrued expenses | $11,943 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $72,692 |
| Total liabilities | $84,635 |
| Net assets without donor restrictions | $1,399,110 |
| Net assets with donor restrictions | $32,365 |
| 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 | $1,516,110 |