Friendship Hall Inc
- Assets
- $300.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 05/1988
- Data as of
- 09/2023
- EIN
- 63-0977656
Organization Overview
Friendship Hall Inc is located in Montgomery, AL. The organization was established in 1988. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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 Hall 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 09/2023, Friendship Hall Inc generated $134.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $187.4k during the year ending 09/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED AFFORDABLE HOUSING FOR LOWER INCOME INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart Bear President | 1 | $0 | |
Charlene Roberson Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,869 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $127 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $133,996 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $80,970 |
| Professional fees and other payments to independent contractors | $8,198 |
| Occupancy, rent, utilities, and maintenance | $38,355 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $59,845 |
| Total expenses | $187,368 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,485 |
| Other assets | $0 |
| Total assets | $300,690 |
| Total liabilities | $598,249 |
| Net assets or fund balances | -$297,559 |