Friendship Plaza I Inc
- Assets
- $887.8k
- Revenue
- $283.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Marion, OH
- Founding
- 07/1999
- Data as of
- 12/2022
- EIN
- 31-1635371
Organization Overview
Friendship Plaza I Inc is located in Marion, OH. The organization was established in 1999. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Friendship Plaza I Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Plaza I 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 12/2022, Friendship Plaza I Inc generated $283.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $308.6k during the year ending 12/2022. 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 SAFE AND AFFORDABLE HOUSING TO LOW-INCOME ELDERLY AND/OR HANDICAPPED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOLE PURPOSE IS TO PROVIDE SUBSIDIZED APT. RENTAL HOUSING TO APPROXIMATELY 30 LOW-INCOME ELDERLY AND/OR HANICAPPED PERSONS THROUGH THE U.S. OF HUD SECTIONS 202 PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Brownfield Officer | Trustee | 0.1 | $0 |
Dan Busch Officer | Trustee | 0.1 | $0 |
John Krueger Officer | Trustee | 0.1 | $0 |
Alan Mikesell Officer | Trustee | 0.1 | $0 |
David Schwab Officer | Trustee | 0.1 | $0 |
Joyce Schroer Officer | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $171,518 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,518 |
| Total Program Service Revenue | $111,238 |
| Investment income | $208 |
| 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 | $283,058 |
| 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 | $34,205 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,467 |
| Fees for services: Management | $15,480 |
| Fees for services: Legal | $4,883 |
| Fees for services: Accounting | $8,852 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $490 |
| Advertising and promotion | $1,222 |
| Office expenses | $11,706 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,936 |
| Travel | $7,179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $198 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,112 |
| Insurance | $17,071 |
| All other expenses | $44,341 |
| Total functional expenses | $308,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,593 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,648 |
| 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 | $4,944 |
| Net Land, buildings, and equipment | $668,341 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $190,229 |
| Total assets | $887,755 |
| Accounts payable and accrued expenses | $69,848 |
| Grants payable | $0 |
| Deferred revenue | $712 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $8,817 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,232,151 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,311,528 |
| Net assets without donor restrictions | -$1,423,773 |
| Net assets with donor restrictions | $0 |
| 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 | $887,755 |