Friends of the Homeless Inc

EIN: 311067488 501(c)(3) Housing & Shelter

Columbus, OH

Total Revenue
$20,601
Total Expenses
$1,242
Total Assets
$182,420
Net Assets
$-6,635
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
OH
Phone
6142250980
Tax Period
2023-07-01 to 2024-06-30

Friends of the Homeless Inc, founded in 1983, is a micro nonprofit in the Housing & Shelter sector that reported $21K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $19K, a strong 94% operating margin.

Mission

FRIENDS OF THE HOMELESS IS COMMITTED TO THE LEADERSHIP IN PROVIDING INNOVATIVE, QUALITY PROGRAMS, SERVICES AND HOUSING THAT ENABLE PEOPLE IN CENTRAL OHIO TO MOVE OUT OF HOMELESSNESS. THROUGH COLLABORATION, ADVOCACY, EDUCATION AND OUR WORK, FRIENDS AIMS TO FURTHER THE BELIEFS THAT: - HOMELESSNESS SHOULD BE TEMPORARY, - PEOPLE BEING SERVED HAVE DIGNITY AND WORTH AND - DECENT, SAFE AND AFFORDABLE HOUSING SHOULD BE AVAILABLE FOR EVERYONE.

Program Service Accomplishments

Program 1
Expenses: $1,242 Revenue: $0

SHELTERS FOR THE HOMELESS OPERATES FOUR 3 BEDROOM UNITS, FOUR 2 BEDROOM UNITS, AND FIVE 1 BEDROOM UNITS. ONE 24-HOUR WALK-IN SHELTER PROVIDING BASIC SHELTER FOR 130 MEN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $20,601
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $20,601

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,242
Other Expenses $1,242
TOTAL EXPENSES $1,242

Year-over-Year Comparison

2023 2022 Change
Revenue $20,601 $53,503 -0.6%
Expenses $1,242 $5,541 -0.8%
Net Income $19,359 $47,962 -0.6%
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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Governance

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

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
2
$495,088
Total Directors
2
$495,088
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REBECCA CARR CFO 1.0
Officer Director
$0 $15,336 $202,152
WILLIAM LEE CEO 1.0
Officer Director
$0 $24,656 $292,936
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 No data No data No data No data
2024 $20,601 $1,242 $182,420 $19,359
2023 $53,503 $5,541 $604,379 $47,962
2022 $312,334 $313,239 $550,075 $-905
2021 $291,822 $275,761 $551,380 $16,061
2020 $254,768 $259,827 $534,918 $-5,059
2019 $252,796 $243,895 $503,656 $8,901
2018 $298,618 $245,901 $494,755 $52,717
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