Friendship Ark Inc
- Assets
- $4.1m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 109
- Location
- Ames, IA
- Founding
- 11/1999
- Data as of
- 06/2022
- EIN
- 42-1489488
Organization Overview
Friendship Ark Inc is located in Ames, IA. The organization was established in 1999. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Friendship Ark Inc employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Ark 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 06/2022, Friendship Ark Inc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $3.9m during the year ending 06/2022. While expenses have increased by 11.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDSHIP ARK, INC. IS A FAITH-BASED, NONPROFIT CORPORATION THAT PROVIDES HCBS RESIDENTIAL WAIVER SERVICES TO PERSONS WITH INTELLECTUAL DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDSHIP ARK, INC. IS A FAITH-BASED, NONPROFIT CORPORATION THAT PROVIDES HCBS RESIDENTIAL WAIVER SERVICES TO PERSONS WITH INTELLECTUAL DISABILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Ellis Executive Dir. | Officer | 40 | $92,121 |
Heather Botine Secretary | OfficerTrustee | 4 | $0 |
Kyle Briese President | OfficerTrustee | 4 | $0 |
Nicole Pape Vice President | OfficerTrustee | 4 | $0 |
Steve Prater Treasurer | OfficerTrustee | 4 | $0 |
Luke Jensen Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,001 |
| All other contributions, gifts, grants, and similar amounts not included above | $239,969 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $264,970 |
| Total Program Service Revenue | $3,818,566 |
| Investment income | $6,950 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $169,323 |
| 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 | $4,284,918 |
| 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. | $100,729 |
| Compensation of current officers, directors, key employees. | $90,656 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,903,162 |
| Pension plan accruals and contributions | $41,615 |
| Other employee benefits | $178,308 |
| Payroll taxes | $263,383 |
| 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 | $8,535 |
| Advertising and promotion | $4,820 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,201 |
| 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 | $80,344 |
| Insurance | $12,397 |
| All other expenses | $10,669 |
| Total functional expenses | $3,949,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,463,794 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $346,783 |
| 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 | $66,375 |
| Net Land, buildings, and equipment | $2,045,840 |
| Investments—publicly traded securities | $221,676 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,144,468 |
| Accounts payable and accrued expenses | $267,416 |
| 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 | $328,602 |
| Total liabilities | $596,018 |
| Net assets without donor restrictions | $3,271,842 |
| Net assets with donor restrictions | $276,608 |
| 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 | $4,144,468 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Friendship Ark Inc has recieved totaling $24,348.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $17,250 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $6,000 |
Underwood Family Foundation Ames, IA PURPOSE: OPERATIONAL | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $98 |
Endowment Analysis
| Beg. Balance | $234,596 |
| Earnings | -$26,240 |
| Net Contributions | $13,320 |
| Ending Balance | $221,676 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Homestead At Rochester Inc Eden Prairie, MN | $84,661,096 | $19,652,604 |
Habitat For Humanity International Inc Omaha, NE | $36,900,454 | $19,457,975 |
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Affordable Housing Development Fund Inc Rockford, IL | $87,465,066 | $18,557,415 |
Chicago Low Income Housing Trust Fund Chicago, IL | $68,435,328 | $24,410,244 |
Interfaith Housing Development Corporation Of Chicago Chicago, IL | $13,790,371 | $15,355,980 |
Jeremiah Program Minneapolis, MN | $39,745,824 | $13,376,447 |
European American Association Chicago, IL | $18,209,689 | $14,984,488 |
Milwaukee Habitat For Humanity Milwaukee, WI | $24,987,795 | $20,382,762 |
Hispanic Housing Development Corp Chicago, IL | $88,735,655 | $15,154,061 |
Habitat For Humanity International Inc Des Moines, IA | $24,118,438 | $12,529,342 |