Friendship Senior Options Foundation Nfp
- Assets
- $597.2k
- Revenue
- $105.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Schaumburg, IL
- Founding
- 01/2007
- Data as of
- 03/2022
- EIN
- 20-1630044
Organization Overview
Friendship Senior Options Foundation Nfp is located in Schaumburg, IL. The organization was established in 2007. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Senior Options Foundation Nfp 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 03/2022, Friendship Senior Options Foundation Nfp generated $105.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $237.6k during the year ending 03/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SUPPORT FOR FRIENDSHIP SENIOR OPTIONS, NFP AND ITS AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT FRIENDSHIP VILLAGE OF SCHAUMBURG, FRIENDSHIP VILLAGE OF MILL CREEK, AND FRIENDSHIP SENIOR OPTIONS, NFP IN THEIR CARING MISSION TO PROVIDE FOR THE NEEDS OF OLDER ADULTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Bowne Secretary | OfficerTrustee | 0.2 | $0 |
William Powell Treasurer | OfficerTrustee | 0.2 | $0 |
Brad Barrie Chair | OfficerTrustee | 0.2 | $0 |
Michael Flynn CFO & CEO (starting July 2021) | Officer | 1 | $0 |
Stephen Yenchek President & CEO (through July 2021) | Officer | 4 | $0 |
Connie Shoemake Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,035 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,035 |
| Total Program Service Revenue | $0 |
| Investment income | $10,834 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $105,869 |
| 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 | $145,705 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,126 |
| Payroll taxes | $10,087 |
| Fees for services: Management | $32,028 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,750 |
| Advertising and promotion | $0 |
| Office expenses | $6,662 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $113 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $237,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $471,539 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $125,668 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $597,207 |
| Accounts payable and accrued expenses | $11,320 |
| 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 | $80,527 |
| Total liabilities | $91,847 |
| Net assets without donor restrictions | $464,221 |
| Net assets with donor restrictions | $41,139 |
| 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 | $597,207 |
Grants Awarded
Over the last fiscal year, Friendship Senior Options Foundation Nfp has awarded $550,028 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Schaumburg, IL PURPOSE: ASSOCIATE EDUCATION EXPENSES, BENEVOLENCE | $201,682 |
Schaumburg, IL PURPOSE: ASSOCIATE EDUCATION EXPENSES, BENEVOLENCE | $201,682 |
Schaumburg, IL PURPOSE: ASSOCIATE EDUCATION EXPENSES, BENEVOLENCE | $61,329 |
Schaumburg, IL PURPOSE: ASSOCIATE EDUCATION EXPENSES, BENEVOLENCE | $61,329 |
Schaumburg, IL PURPOSE: ASSOCIATE EDUCATION EXPENSES, BENEVOLENCE | $12,003 |
Schaumburg, IL PURPOSE: ASSOCIATE EDUCATION EXPENSES, BENEVOLENCE | $12,003 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friendship Senior Options Foundation Nfp has recieved totaling $250,008.
| Awarding Organization | Amount |
|---|---|
Friendship Senior Options Nfp Schaumburg, IL PURPOSE: SUPPORT | $125,004 |
Friendship Senior Options Nfp Schaumburg, IL PURPOSE: SUPPORT | $125,004 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Senior Housing Health Care Properties Inc Bloomington, IN | $38,938,663 | $24,270,450 |
The Uwm Real Estate Foundation Inc Milwaukee, WI | $83,241,635 | $5,703,376 |
Blugold Real Estate Foundation Inc Eau Claire, WI | $54,871,317 | $5,562,467 |
Restore Of Fox Valley Habitat For Humanity Aurora, IL | $2,503,760 | $2,508,230 |
James C King 41 02359 Po Box Chicago, IL | $29,702,446 | $4,555,934 |
Bhi Properties Llc Louisville, KY | $12,489,972 | $1,658,797 |
One Parent Family Facility Corp Lexington, KY | $2,640,950 | $1,180,160 |
Holie Vii Inc Mequon, WI | $2,106,301 | $274,557 |
Helping Hand Foundation Real Estate Holding Company Inc Countryside, IL | $10,119,349 | $0 |
Evan F Bartlett Bonnet House Support Irrv Tr 12108920 Chicago, IL | $4,651,459 | $519,070 |
Friendship Senior Options Foundation Nfp Schaumburg, IL | $597,207 | $105,869 |
Community Development Alternatives Inc Prairie Du Chien, WI | $1,232,003 | $240,505 |