FRIENDS DEVELOPMENT COMPANY

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

ANDREW ANDERSON

Phone

2158258800

Tax Period

2021-06-01 to 2022-05-31

Mission

PRIOR TO SALE OF BUILDING, THE ORGANIZATION PROVIDED AFFORDABLE HOUSING TO LOW AND MODERATE INCOME PERSONS IN PHILADELPHIA, PA. PROPERTY WAS SOLD IN SEPTEMBER 2020. THE CORPORATION IS CURRENTLY INACTIVE AS THE ORGANIZATION IS IN THE PROCESS OF DISSOLVING.

Program Service Accomplishments

Program 1

THE ORGANIZATION FORMERLY PROVIDED AFFORDABLE HOUSING TO LOW AND MODERATE INCOME PERSONS. THE BUILDING WAS SOLD SEPTEMBER 2020.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$356,590

Total Directors

$183,340

Key Employees

Highest Compensated

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