Friendship Home Association
- Assets
- $4.9m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 87
- Location
- Audubon, IA
- Founding
- 11/1959
- Data as of
- 12/2023
- EIN
- 42-0819620
Organization Overview
Friendship Home Association is located in Audubon, IA. The organization was established in 1959. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2023, Friendship Home Association employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Home Association 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 12/2023, Friendship Home Association generated $5.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $5.4m during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 9 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
PROVIDE NURSING CARE SERVICES FOR RESIDENTS IN A CHRISTIAN SETTING OF COMPASSION AND CHOICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A FACILITY THAT PROVIDES NURSING AND SKILLED CARE FOR THE ELDERLY AND INFIRM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Andersen Administrato | Officer | 40 | $92,071 |
Mindy Alt Secretary/tr | OfficerTrustee | 1 | $0 |
Genelle Deist Vice Preside | OfficerTrustee | 1 | $0 |
Joni Hansen Member | Trustee | 1 | $0 |
Mark Jones Member | Trustee | 1 | $0 |
Karen Nelsen President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nursing On Call Staffing | 12/30/23 | $160,116 |
Fushion Medical Staffing Llc Staffing | 12/30/23 | $255,140 |
Medstaff Solutions Staffing | 12/30/23 | $143,868 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $60,702 |
| Government grants | $367,146 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
| Noncash contributions included in lines 1a–1f | $25,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $452,848 |
| Total Program Service Revenue | $4,536,792 |
| Investment income | $32,343 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $100 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,035,801 |
| 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. | $92,071 |
| Compensation of current officers, directors, key employees. | $92,071 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,046,609 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $237,965 |
| Payroll taxes | $154,704 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $75,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,553 |
| Office expenses | $7,390 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $290,222 |
| Travel | $4,197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $102,510 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $220,506 |
| Insurance | $75,698 |
| All other expenses | $90,172 |
| Total functional expenses | $5,424,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,872 |
| Savings and temporary cash investments | $19,939 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $312,617 |
| 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 | $44,728 |
| Net Land, buildings, and equipment | $4,304,778 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $122,365 |
| Other assets | $32,646 |
| Total assets | $4,861,945 |
| Accounts payable and accrued expenses | $466,976 |
| 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 | $3,074,225 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $87,565 |
| Total liabilities | $3,628,766 |
| Net assets without donor restrictions | $1,233,179 |
| 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 | $4,861,945 |