Friendship Manor
- Assets
- $8.4m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 41
- Location
- Goleta, CA
- Founding
- 08/1973
- Data as of
- 06/2024
- EIN
- 95-2830618
Organization Overview
Friendship Manor is located in Goleta, CA. The organization was established in 1973. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2024, Friendship Manor employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Manor 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 06/2024, Friendship Manor generated $2.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $2.9m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
AFFORDABLE HOUSING AND LOW-COST MEALS FOR SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW COST HOUSING AND RELATED SERVICES PROVIDED FOR APPROXIMATELY 150 PLUS SENIOR CITIZENS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Herzog Executive Director | 40 | $97,169 | |
Eva Turenchalk Secretary | OfficerTrustee | 1 | $3,163 |
Violeta Cortez Director | Trustee | 1 | $0 |
Shahla Gholami Director | Trustee | 1 | $0 |
Chuck Curtis Vice President | OfficerTrustee | 1 | $0 |
John Holmes 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 | $25,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,250 |
| Total Program Service Revenue | $2,789,117 |
| Investment income | $121,018 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$25,758 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,909,627 |
| 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. | $97,169 |
| Compensation of current officers, directors, key employees. | $25,264 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,136,018 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $116,293 |
| Payroll taxes | $91,142 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,142 |
| Fees for services: Accounting | $41,124 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,580 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,821 |
| 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 | $139,010 |
| Insurance | $136,141 |
| All other expenses | $66,367 |
| Total functional expenses | $2,863,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,957,799 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,204 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,140 |
| Prepaid expenses and deferred charges | $57,416 |
| Net Land, buildings, and equipment | $1,218,385 |
| Investments—publicly traded securities | $5,125,196 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,386,140 |
| Accounts payable and accrued expenses | $62,263 |
| 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 | $341,073 |
| Total liabilities | $403,336 |
| Net assets without donor restrictions | $7,982,804 |
| 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 | $8,386,140 |