BLANCHESTER FRIENDS HOUSING INC

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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

1988

Legal Domicile

Principal Officer

JENNILOU GROTEVANT

Phone

5132719610

Tax Period

2023-10-01 to 2024-09-30

BLANCHESTER FRIENDS HOUSING INC, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 702% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 93% operating margin.

Mission

IMPROVES THE LIVES OF OLDER ADULTS THROUGH INNOVATIVE QUALITY SENIOR LIVING COMMUNITIES AND THROUGH COMMUNITY SERVICES TO OLDER ADULTS.

Program Service Accomplishments

Program 1

Expenses: $99,031 Revenue: $1,474,340

BLANCHESTER FRIENDS HOUSING, INC., WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE A 50 UNIT APARTMENT COMMUNITY IN BLANCHESTER, OHIO, KNOWN AS FRIENDSHIP ACRES EAST. DURING AUGUST 2006, A 64 UNIT...

BLANCHESTER FRIENDS HOUSING, INC., WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE A 50 UNIT APARTMENT COMMUNITY IN BLANCHESTER, OHIO, KNOWN AS FRIENDSHIP ACRES EAST. DURING AUGUST 2006, A 64 UNIT APARTMENT COMMUNITY KNOWN AS FRIENDSHIP ACRES MERGED INTO THE CORPORATION. DURING JANUARY 2021, FRIENDSHIP ACRES WAS SOLD TO AN AFFILIATED ENTITY. THE ACCOUNTING POLICIES OF THE CORPORATION ARE AS REQUIRED BY THE FEDERAL HOUSING COMMISSIONER PURSUANT TO THE REGULATORY AGREEMENT FOR INSURED MULTI-FAMILY HOUSING PROJECTS UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AND THE APPLICABLE INSTRUCTIONS ISSUED BY THE FEDERAL HOUSING ADMINISTRATION ("FHA"). IN OCTOBER 2023, FRIENDSHIP ACRES EAST WAS SOLD. THE ORGANIZATION NOW HOLDS A SELLER NOTE RECEIVABLE.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,981

Program Service Revenue $3,707

Investment Income $1,492,654

Other Revenue $12,209

TOTAL REVENUE $1,513,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $99,031

Other Expenses $101,531

TOTAL EXPENSES $101,531

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,513,551	$188,699	+7.0%
Expenses	$101,531	$441,768	-0.8%
Net Income	$1,412,020	$-253,069	-6.6%

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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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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNILOU GROTEVANT	PRESIDENT	0.50	Officer Director	$0	$0	$0
JIMMY WILSON	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
REBECCA STRAFFORD	SECRETARY	0.50	Officer Director	$0	$0	$0
DIANE SCHNEIDERMAN	ASSISTANT SECRETARY	0.50	Officer Director	$0	$0	$0
MICHAEL MILLER	TRUSTEE	0.50	Director	$0	$0	$0
JANET ACHOR	TRUSTEE	0.50	Director	$0	$0	$0
DAN STEWARD	CHIEF FINANCIAL OFFICER	0.50	Officer	$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
2025	No data	No data	No data	No data
2024	$1,513,551	$101,531	$959,278	$1,412,020
2023	$188,699	$441,768	$718,348	$-253,069
2022	$289,049	$478,586	$873,090	$-189,537
2021	$1,295,140	$691,443	$1,010,375	$603,697
2020	$839,330	$972,684	$1,729,209	$-133,354
2019	$976,284	$991,535	$1,946,650	$-15,251
2018	$972,525	$1,006,956	$1,941,966	$-34,431