Friendly Inn Settlement Inc
- Assets
- $5.7m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 45
- Location
- Cleveland, OH
- Founding
- 03/1965
- Data as of
- 12/2021
- EIN
- 34-0714413
Organization Overview
Friendly Inn Settlement Inc is located in Cleveland, OH. The organization was established in 1965. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Friendly Inn Settlement Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendly Inn Settlement 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 12/2021, Friendly Inn Settlement Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE BY CULTIVATING, PLANTING, AND NURTURING INDIVIDUALS, FAMILIES AND COMMUNITIES TO MAKE A DIFFERENCE IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY BASED DAYCARE
SERVICES TO FAMILY & CHILDREN
OUT OF SCHOOL TIME
ALL OTHER ACCOMPLISHMENTS: OUT OF SCHOOL TIME SERVICES FOR AT-RISK YOUTH IN CUYAHOGA COUNTY; WORK WITH STUDENTS DURING NON-SCHOOL HOURS TO HELP THEM IMPROVE ACADEMICALLY, BEHAVIORALLY, EMOTIONALLY, AND SOCIALLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yolanda Armstrong Executive Di | OfficerTrustee | 40 | $107,652 |
Charise Dawson Secretary | OfficerTrustee | $0 | |
Dustin Klein President | OfficerTrustee | $0 | |
Tyson Mitchell Treasurer | OfficerTrustee | $0 | |
Robert Bankston Board Member | Trustee | $0 | |
Rhonda Crowder Vice Preside | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,109,041 |
| Noncash contributions included in lines 1a–1f | $105,296 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,114,041 |
| Total Program Service Revenue | $909,528 |
| Investment income | $28,346 |
| 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 | $2,423,639 |
| 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. | $107,652 |
| Compensation of current officers, directors, key employees. | $10,959 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,053,498 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,973 |
| Payroll taxes | $87,943 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $123,000 |
| Fees for services: Accounting | $85,216 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,556 |
| Advertising and promotion | $20,807 |
| Office expenses | $4,145 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,691 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,203 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,281 |
| Insurance | $36,516 |
| All other expenses | $169,157 |
| Total functional expenses | $2,293,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $547,946 |
| Savings and temporary cash investments | $78,399 |
| Pledges and grants receivable | $221,281 |
| 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 | $20,722 |
| Net Land, buildings, and equipment | $4,008,788 |
| Investments—publicly traded securities | $802,631 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,679,767 |
| Accounts payable and accrued expenses | $19,786 |
| Grants payable | $0 |
| Deferred revenue | $144,946 |
| 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 | $563,641 |
| Total liabilities | $728,373 |
| Net assets without donor restrictions | $5,002,932 |
| Net assets with donor restrictions | -$51,538 |
| 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 | $5,679,767 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friendly Inn Settlement Inc has recieved totaling $375,000.
| Awarding Organization | Amount |
|---|---|
Womens Philanthropic Union Cleveland Heights, OH PURPOSE: FUNDING OF GENERAL OPERATIONS TO ENABLE ORGANIZATION TO FURTHER ITS NEIGHBORHOOD SETTLEMENT WORK LARGELY CENTERED IN THE CARVER HOUSING PROJECT. THIS ORGANIZATION IS INDEPENDENT OF WOMEN'S PHILANTHROPIC UNION (WPU), HOWEVER, THE PRESIDENT OF FRIENDLY INN IS ENTITLED TO EX-OFFICIO MEMBERSHIP ON THE WPU BOARD. SEVERAL WPU BOARD MEMBERS HAVE SERVED PAST OR PRESENT BOARD MEMBERSHIPS OF FRIENDLY INN. | $370,000 |
Molina Healthcare Charitable Foundation Wilmington, DE PURPOSE: COMMUNITY COLLABORATION PROGRAM | $5,000 |
Endowment Analysis
| Beg. Balance | $67,141 |
| Earnings | $11,264 |
| Admin Expense | $848 |
| Ending Balance | $77,557 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Charities West Michigan Grand Rapids, MI | $13,577,921 | $21,603,747 |
Springboard Collaborative Philadelphia, PA | $12,671,655 | $22,795,961 |
Christs Home Warminster, PA | $89,380,042 | $18,912,760 |
Eight Cap Inc Orleans, MI | $2,750,464 | $18,614,954 |
Catholic Charities Of Shiawassee & Genesee Counties Flint, MI | $13,966,516 | $19,279,987 |
Wedgwood Christian Services Grand Rapids, MI | $24,031,475 | $18,911,597 |
Wheeler Mission Ministries Inc Indianapolis, IN | $56,135,021 | $28,744,599 |
Agency For Community Empowerment Of Nepa Scranton, PA | $6,588,255 | $19,491,125 |
Stark County Community Action Agency Canton, OH | $8,005,138 | $17,758,895 |
Community Action Organization Of Scioto County Inc Portsmouth, OH | $5,541,506 | $17,941,143 |
Onesight Mason, OH | $26,405,119 | $15,913,386 |
Ohio Heartland Community Action Marion, OH | $4,922,800 | $17,262,322 |