Friends House Inc
- Assets
- $10.8m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 23
- Location
- Sandy Spring, MD
- Founding
- Data as of
- 06/2017
- EIN
- 52-6043038
Organization Overview
Friends House Inc is located in Sandy Spring, MD. As of 06/2017, Friends House Inc employed 23 individuals. Friends House 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 06/2017, Friends House Inc generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2017. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 2 years. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A COMMUNITY THROUGH CARING FOR SENIORS OF ALL BACKGROUNDS AND ABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCATED ON 62 GENTLY ROLLING ACRES WITH 100 APARTMENTS AND 32 COTTAGES, FRIENDS HOUSE OFFERS OLDER ADULTS AN AFFORDABLE AND FULFILLING RETIREMENT EXPERIENCE IN A SECURE AND CARING SETTING. OPERATING UNDER THE CARE OF RELIGIOUS SOCIETY OF FRIENDS, WE WELCOME SENIOR ADULTS REGARDLESS OF RACE, COLOR, DISABILITY, GENDER IDENTITY, AGE, SEXUAL ORIENTATION, RELIGIOUS AFFILIATION, NATIONAL ORIGIN OR FAMILIAL STATUS. WE ARE GUIDED BY THESE QUAKER VALUES: SIMPLICITY, PEACE AND NONVIOLENCE, INTEGRITY, COMMUNITY, EQUALITY, STEWARDSHIP AND SUSTAINABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kendall Anthony Trustee | Trustee | 1 | $0 |
Ramona Buck Trustee | Trustee | 1 | $0 |
Brian Carroll Trustee | Trustee | 1 | $0 |
Bevan Crocker Trustee | Trustee | 1 | $0 |
Mosi Harrington Trustee | Trustee | 1 | $0 |
Carlotta Joyner Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Culinary Services Group Llc Food Services | 6/29/17 | $226,606 |
Stantec Consulting Services Inc Engineering Services | 6/29/17 | $133,239 |
Eventus Strategic Partners Project Management Services | 6/29/17 | $204,745 |
Everence Insurance Company Insurance Broker Services | 6/29/17 | $120,195 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $196,710 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,710 |
| Total Program Service Revenue | $2,636,176 |
| Investment income | $52,351 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,975 |
| Net Gain/Loss on Asset Sales | $168,016 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,829 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,077,057 |
| 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. | $118,826 |
| Compensation of current officers, directors, key employees. | $118,826 |
| Compensation to disqualified persons | $925,046 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $36,110 |
| Other employee benefits | $119,639 |
| Payroll taxes | $72,787 |
| Fees for services: Management | $155,796 |
| Fees for services: Legal | $1,722 |
| Fees for services: Accounting | $13,951 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $192 |
| Advertising and promotion | $23,143 |
| Office expenses | $11,398 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $545 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $185,145 |
| Insurance | $105,097 |
| All other expenses | $0 |
| Total functional expenses | $2,646,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,600,851 |
| Savings and temporary cash investments | $26,766 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,836 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $17,996 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,186 |
| Net Land, buildings, and equipment | $4,669,249 |
| Investments—publicly traded securities | $4,156,767 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $252,178 |
| Total assets | $10,762,829 |
| Accounts payable and accrued expenses | $463,471 |
| Grants payable | $0 |
| Deferred revenue | $63,313 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $65,668 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $391,660 |
| Other liabilities | $1,879,933 |
| Total liabilities | $2,864,045 |
| Unrestricted restricted net Assets | $7,325,985 |
| Temporarily restricted net Assets | $386,937 |
| Permanently restricted net Assets or current funds | $185,862 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $7,898,784 |