FRIENDSHIP HOMES INC

EIN: 300137302 501(c)(3) Housing & Shelter

NASHVILLE, TN

Total Revenue
$82,927
Total Expenses
$134,599
Total Assets
$421,530
Net Assets
$328,512
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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
2005
Legal Domicile
TN
Principal Officer
WALLACE CARTWRIGHT
Phone
6156422466
Tax Period
2024-07-01 to 2025-06-30

FRIENDSHIP HOMES INC, founded in 2005, is a micro nonprofit in the Housing & Shelter sector that reported $83K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $135K exceeded revenue, resulting in a 62% operating deficit.

Mission

TO PROVIDE HOUSING TO DISABLED AND LOW INCOME INDIVIDUALS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $2,557
Other Revenue $80,370
TOTAL REVENUE $82,927

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $134,599
Other Expenses $134,599
TOTAL EXPENSES $134,599

Year-over-Year Comparison

2024 2023 Change
Revenue $82,927 $99,163 -0.2%
Expenses $134,599 $111,024 +0.2%
Net Income $-51,672 $-11,861 +3.4%
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
5
Independent Members
3
Employees
N/A
Volunteers
5

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
0
$0
Total Directors
2
$72,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WALLACE CARTWRIGHT CHAIRMAN 5.00
Director
$36,000 $0 $36,000
WILLIAM BASS PRESIDENT 5.00
Director
$36,000 $0 $36,000
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
2025 $82,927 $134,599 $421,530 $-51,672
2024 $99,163 $111,024 $480,028 $-11,861
2023 $74,982 $110,782 $498,435 $-35,800
2022 $68,329 $85,995 $540,550 $-17,666
2021 $50,972 $76,470 $585,458 $-25,498
2020 $23,446 $65,822 $616,659 $-42,376
2019 $512,765 $62,739 $661,584 $450,026
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