Friends & Family Inc
- Assets
- $6.4m
- Revenue
- $8.0m
- Investments
- $1.2m
- Employees
- 128
- Location
- Romeo, MI
- Founding
- 07/1992
- Data as of
- 09/2023
- EIN
- 38-3020545
Organization Overview
Friends & Family Inc is located in Romeo, MI. The organization was established in 1992. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 09/2023, Friends & Family Inc employed 128 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends & Family 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 09/2023, Friends & Family Inc generated $8.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $7.2m during the year ending 09/2023. While expenses have increased by 2.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESIDENTIAL CARE TO DEVELOPMENTALLY DISABLED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FOOD, SHELTER, MEDICAL CARE, CLOTHING, TRANSPORTATION, TRAINING, AND CARE IN RESIDENTIAL HOME SETTINGS FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Buddy Smith Trustee | Trustee | 1 | $0 |
Aimee Davis Executive Director | OfficerTrustee | 40 | $103,464 |
Kathy Brabandt Trustee | Trustee | 1 | $0 |
Betsy Bahnline Trustee | Trustee | 1 | $0 |
Glenda Luke Trustee | Trustee | 1 | $0 |
Jerry Debacker Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,862,573 |
| 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 | $6,862,573 |
| Total Program Service Revenue | $1,138,661 |
| Investment income | $34,567 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,340 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,041,379 |
| 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. | $199,321 |
| Compensation of current officers, directors, key employees. | $197,328 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,964,003 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $279,442 |
| Payroll taxes | $380,037 |
| Fees for services: Management | $0 |
| 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 | $51,724 |
| Advertising and promotion | $0 |
| Office expenses | $15,463 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $673,490 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,786 |
| Insurance | $65,995 |
| All other expenses | $0 |
| Total functional expenses | $7,187,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,741,109 |
| Savings and temporary cash investments | $1,513,710 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $478,251 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,642 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,825 |
| Net Land, buildings, and equipment | $709,052 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,219,450 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $708,319 |
| Total assets | $6,418,358 |
| Accounts payable and accrued expenses | $332,804 |
| 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 | $708,319 |
| Total liabilities | $1,041,123 |
| Net assets without donor restrictions | $5,377,235 |
| 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 | $6,418,358 |