THE JACKSON FRIENDLY HOME

EIN: 381367314 501(c)(3)

JACKSON, MI

Total Revenue
$1,584,490
Total Expenses
$1,578,546
Total Assets
$2,121,097
Net Assets
$2,023,598
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1908
Legal Domicile
MI
Principal Officer
GERALDINE JH PHELPS
Phone
5177841377
Tax Period
2024-01-01 to 2024-12-31

THE JACKSON FRIENDLY HOME, founded in 1908, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

TO PROVIDE A HOME FOR THE AGED TO WOMEN OVER FIFTY-FIVE YEARS OF AGE AT AFFORDABLE PRICES, OFFERED IN A FRIENDLY AND HOMELIKE ATMOSPHERE WHICH ENCOURAGES INDEPENDENCE.

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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 $320,317
Program Service Revenue $1,206,086
Investment Income $36,065
Other Revenue $22,022
TOTAL REVENUE $1,584,490

Expense Breakdown

Grants Paid $0
Salaries & Benefits $948,559
Fundraising Expenses $23,225
Program Expenses $1,336,465
Other Expenses $629,987
TOTAL EXPENSES $1,578,546

Year-over-Year Comparison

2024 2023 Change
Revenue $1,584,490 $1,689,587 -0.1%
Expenses $1,578,546 $1,406,083 +0.1%
Net Income $5,944 $283,504 -1.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
43
Volunteers
194

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
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUG BACKINGER VICE CHAIR 2.00
Officer Director
$0 $0 $0
FAUSTINA BEAGLE TRUSTEE 2.00
Director
$0 $0 $0
MARIE BONKOWSKI SECRETARY 2.00
Officer Director
$0 $0 $0
DEBORAH ECCLETON-SHEPARD TRUSTEE 2.00
Director
$0 $0 $0
CHAD KENNEDY TRUSTEE 2.00
Director
$0 $0 $0
DAVID KREGER TRUSTEE 2.00
Director
$0 $0 $0
TERRY LANGSTON TRUSTEE 2.00
Director
$0 $0 $0
HEIDI LATHROP TRUSTEE 2.00
Director
$0 $0 $0
COURTNEY MILLER TRUSTEE 2.00
Director
$0 $0 $0
JOSIE NEILL TRUSTEE 2.00
Director
$0 $0 $0
GERALDINE JH PHELPS CHAIR 2.00
Officer Director
$0 $0 $0
MATT RIEMAN TRUSTEE 2.00
Director
$0 $0 $0
KRISTY SCHOLL TREASURER 2.00
Officer Director
$0 $0 $0
ANGIE SHEPHERD TRUSTEE 2.00
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
2024 $1,584,490 $1,578,546 $2,121,097 $5,944
2023 $1,689,587 $1,406,083 $2,130,670 $283,504
2022 $270,741 $219,464 $1,792,283 $51,277
2021 $1,507,263 $1,253,722 $1,649,229 $253,541
2020 $1,155,006 $1,200,240 $1,539,747 $-45,234
2019 $1,080,494 $1,123,838 $1,441,301 $-43,344
2018 $1,144,006 $1,161,773 $1,480,325 $-17,767
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