The Family Of Friends Inc
- Assets
- $150.2k
- Revenue
- $304.7k
- Investments
- $0.0
- Employees
- 9
- Location
- Sanford, FL
- Founding
- 10/2004
- Data as of
- 12/2023
- EIN
- 58-2670012
Organization Overview
The Family Of Friends Inc is located in Sanford, FL. The organization was established in 2004. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2023, Family Of Friends Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Of Friends 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 12/2023, Family Of Friends Inc generated $304.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $353.2k during the year ending 12/2023. While expenses have increased by 2.6% 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
THE FAMILY OF FRIENDS IS A LICENSED ASSISTED LIVING FACILITY DEDICATED TO PROVIDING CARE FOR ADULT MALES WITH MENTAL ILLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY OF FRIENDS, INC IS AN ASSISTED LIVING FACILITY EXCLUSIVELY FOR ADULT MALES WITH MENTAL ILLNESS. OUR RESIDENTS ARE PROVIDED THE OPPORTUNITY TO LIVE IN A COMMUNITY AMONG THEIR PEERS AND ARE LOOKED AFTER AS IF THEY ARE A PART OF OUR OWN FAMILY. DURING 2023 THE ORGANIZATION PROVIDED SERVICES FOR 12 RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brady Phillips President/director | OfficerTrustee | 2 | $0 |
Chris Hayes Vice President/director | OfficerTrustee | 2 | $0 |
Name Not Listed Treasurer/director | OfficerTrustee | 2 | $0 |
Jan Farnsworth Director | Trustee | 1 | $0 |
William Sefton Director | Trustee | 1 | $0 |
Nata Treise Director | Trustee | 1 | $0 |
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 | $34,226 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,226 |
| Total Program Service Revenue | $271,149 |
| Investment income | $117 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$792 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $304,700 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $239,519 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,326 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,990 |
| Advertising and promotion | $0 |
| Office expenses | $3,401 |
| Information technology | $2,203 |
| Royalties | $0 |
| Occupancy | $27,286 |
| Travel | $5,164 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,919 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,554 |
| Insurance | $21,457 |
| All other expenses | $0 |
| Total functional expenses | $353,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,363 |
| Savings and temporary cash investments | $41,647 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $87,161 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $150,171 |
| Accounts payable and accrued expenses | $6 |
| 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 | $104,932 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $104,938 |
| Net assets without donor restrictions | $45,233 |
| 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 | $150,171 |