Friendship Manor Housing Corp
- Assets
- $201.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Algona, IA
- Founding
- 02/1980
- Data as of
- 12/2021
- EIN
- 42-1115240
Organization Overview
Friendship Manor Housing Corp is located in Algona, IA. The organization was established in 1980. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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 Manor Housing Corp is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Friendship Manor Housing Corp generated $81.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $89.7k during the year ending 12/2021. While expenses have increased by 3.4% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE LOW RENT HOUSING FOR THE ELDERLY, DISABLED, AND FAMILIES IN THE WELLSBURG COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Valentine Vice President | 0 | $0 | |
Betty Bunger Secretary/treasurer | 0 | $0 | |
Ronald Rieken President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $77,024 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,673 |
| Total Revenue | $81,700 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $8,400 |
| Professional fees and other payments to independent contractors | $9,239 |
| Occupancy, rent, utilities, and maintenance | $42,581 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $29,506 |
| Total expenses | $89,726 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,237 |
| Other assets | $0 |
| Total assets | $201,842 |
| Total liabilities | $222,313 |
| Net assets or fund balances | -$20,471 |
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