FRIENDS DEVELOPMENT COMPANY

EIN: 232983588 501(c)(3) Housing & Shelter

PHILADELPHIA, PA

Total Revenue
N/A
Total Expenses
N/A
Total Assets
$8,544
Net Assets
$8,544
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
PA
Principal Officer
ANDREW ANDERSON
Phone
2158258800
Tax Period
2021-06-01 to 2022-05-31

Mission

FORMERLY, TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME PERSONS IN PHILADELPHIA, PA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2021 2020 Change
Revenue N/A $1,117,588 -1.0%
Expenses N/A $430,336 -1.0%
Net Income N/A $687,252 N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
2
Independent Members
1
Employees
N/A
Volunteers
2

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$356,590
Total Directors
3
$183,340
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW ANDERSON PRESIDENT/SECRETARY 1.00
Officer Director
$0 $5,340 $183,340
SUSANNE DAVIS ASST TREASURER 1.00
Officer
$0 $5,000 $105,000
MICHEL HEWITT CFO 1.00
Officer
$0 $3,250 $68,250
HOLLISTER KNOWLTON VICE PRESIDENT/ TREASURER 1.00
Officer Director
$0 $0 $0
FRED SLIFER THRU 31522 MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 No data No data $8,544 No data
2021 $1,117,588 $430,336 $66,451 $687,252
2020 $275,149 $467,832 $6,442,599 $-192,683
2019 $376,649 $431,088 $2,445,374 $-54,439
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