Friendship Home Inc
- Assets
- $8.6m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 67
- Location
- Norwell, MA
- Founding
- 09/2000
- Data as of
- 06/2024
- EIN
- 04-8295500
Organization Overview
Friendship Home Inc is located in Norwell, MA. The organization was established in 2000. According to its NTEE Classification (P44) the organization is classified as: In-Home Assistance, under the broad grouping of Human Services and related organizations. As of 06/2024, Friendship Home Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Home 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 06/2024, Friendship Home Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $3.9m during the year ending 06/2024. While expenses have increased by 7.5% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PLEASE SEE PAGE 2, PART III, QUESTION #1 FOR THE ORGANIZATION'S MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIVIDUAL SUPPORTS PROGRAMFRIENDSHIP HOME BECAME QUALIFIED TO PROVIDE INDIVIDUAL SUPPORT SERVICES THROUGH THE MASSACHUSETTS DEPARTMENT OF DEVELOPMENTAL SERVICES IN 2010. A BROAD RANGE OF OPTIONS IS OFFERED THAT ARE DESIGNED TO HELP INDIVIDUALS REMAIN IN THEIR FAMILY HOME OR APARTMENT BY PROVIDING LIFE SKILLS TRAINING, TRAVEL TRAINING, VOCATIONAL SUPPORT AND A VARIETY OF OTHER SUPPORTS. INDIVIDUAL SUPPORT ADVOCATES MEET WITH INDIVIDUALS AND FAMILIES TO DESIGN AN ARRAY OF SUPPORTS THAT HELP THE INDIVIDUAL TO BUILD SKILLS, SAFELY ACCESS THE COMMUNITY AND FULFILL THEIR GOALS AND OBJECTIVES.
SOCIAL AND RECREATIONAL PROGRAMS
BRIDGES TO WORK PROGRAMTHE BRIDGES TO WORK PROGRAM OFFERS JOB TRAINING AND PLACEMENT OPPORTUNITIES AS WELL AS ENRICHING ACTIVITIES AND LIFE SKILLS TRAINING FOR ADULTS WITH DEVELOPMENTAL DISABILITIES. THE PROGRAM SERVED 71 INDIVIDUALS IN FY24, OF WHICH A SIGNIFICANT NUMBER WORK IN PAID JOBS THROUGHOUT THE COMMUNITY. THE REMAINING PROGRAM PARTICIPANTS ARE WORKING TOWARD EMPLOYMENT BY PARTICIPATING IN INTERNSHIPS, ON THE JOB TRAINING AND CLASSROOM TRAINING WHERE THEY CHOOSE THEIR CLASSES ON A QUARTERLY BASIS. FRIENDSHIP HOME WORKS WITH MANY COMMUNITY BUSINESSES TO DEVELOP WORK OPPORTUNITIES FOR OUR ENTHUSIASTIC AND WELL TRAINED WORKERS. JOB COACHES PROVIDE ON-SITE COACHING AS NEEDED AND MAINTAIN ONGOING RELATIONSHIPS WITH EMPLOYERS. ENRICHMENT ACTIVITIES INCLUDE VOCATIONAL EXPLORATION TRIPS TO BUSINESSES, ADVOCACY TRIPS, TRAVEL TRAINING AND RECREATIONAL OUTINGS THAT HELP TO BUILD CONFIDENCE AND SKILLS.
OVERNIGHT RESPITELAUNCHED IN APRIL 2012, OVERNIGHT RESPITE IS AT THE CORE OF FRIENDSHIP HOME'S MISSION. ADULTS WITH DEVELOPMENTAL DISABILITIES MAY STAY AT OUR STATE OF THE ART "HOME AWAY FROM HOME" FOR PERIODS OF ONE NIGHT TO TWO WEEKS. WHILE VISITING, THEY EXPERIENCE INDEPENDENCE, LEARN NEW SKILLS AND HAVE FUN, WHILE THEIR CAREGIVERS HAVE THE OPPORTUNITY TO ATTEND TO OTHER PRIORITIES AND REPLENISH THEIR ENERGY. WE HAVE TWO FIVE-BEDROOM UNITS. THE FIRST RESPITE UNIT OPENED IN APRIL, 2012 FOR WEEKENDS AND THE SECOND UNIT OPENED FOR WEEKENDS DURING 2013. DURING FY 2024, THE RESPITE PROGRAM DELIVERED OVER 1,205 BED/DAYS OF SERVICE TO 93 UNIQUE GUESTS FROM SOUTHEASTERN MASSACHUSETTS AND THE BOSTON AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John M Turco Jr Director | Trustee | 2 | $0 |
Melanie Legge Director | Trustee | 2 | $0 |
Robert Fraser Chairman, Director | OfficerTrustee | 5 | $0 |
Meg Doherty Director | Trustee | 2 | $0 |
Elizabeth Antonik Director | Trustee | 2 | $0 |
K Douglas Briggs Treasurer, Director | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $590,052 |
| Related organizations | $0 |
| Government grants | $75,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $569,577 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,234,629 |
| Total Program Service Revenue | $3,006,143 |
| Investment income | $151,393 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,504 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,448,850 |
| 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. | $228,730 |
| Compensation of current officers, directors, key employees. | $228,730 |
| Compensation to disqualified persons | $2,096,404 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $35,182 |
| Other employee benefits | $205,260 |
| Payroll taxes | $186,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,030 |
| Fees for services: Accounting | $29,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,936 |
| Advertising and promotion | $0 |
| Office expenses | $47,508 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $267,497 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,672 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $163,427 |
| Insurance | $0 |
| All other expenses | $96,136 |
| Total functional expenses | $3,895,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,995 |
| Savings and temporary cash investments | $771,211 |
| Pledges and grants receivable | $74,200 |
| Accounts receivable, net | $292,232 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $107,321 |
| Net Land, buildings, and equipment | $2,656,897 |
| Investments—publicly traded securities | $4,557,933 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $180,452 |
| Total assets | $8,644,241 |
| Accounts payable and accrued expenses | $249,290 |
| Grants payable | $0 |
| Deferred revenue | $8,907 |
| 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 | $35,812 |
| Total liabilities | $294,009 |
| Net assets without donor restrictions | $6,656,627 |
| Net assets with donor restrictions | $1,693,605 |
| 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 | $8,644,241 |