WATERLOO, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE FRIENDSHIP VILLAGE CHARITABLE TRUST, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $4.2M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $4.9M exceeded revenue, resulting in a 16% operating deficit.
SUPPORT FRIENDS OF FAITH RETIREMENT HOMES, INC.
THE ASSETS AND INCOME OF THE TRUST SHALL BE USED AT THE DISCRETION OF THE TRUSTEES, EXCLUSIVELY FOR THE BENEFIT OF FRIENDS OF FAITH RETIREMENT HOMES, INC. (FOF) AND ITS AFFILIATED ORGANIZATIONS, BUT...
THE ASSETS AND INCOME OF THE TRUST SHALL BE USED AT THE DISCRETION OF THE TRUSTEES, EXCLUSIVELY FOR THE BENEFIT OF FRIENDS OF FAITH RETIREMENT HOMES, INC. (FOF) AND ITS AFFILIATED ORGANIZATIONS, BUT ONLY FOR SO LONG AS FOF CONTINUES TO BE A NONPROFIT CORPORATION. THE USE OF INCOME AND ASSETS OF THE TRUST ARE RESTRICTED IN ORDER THAT THE CLIENTS OF FOF 62 AND OVER CAN BE ASSURED AND COMFORTED THAT THEIR HOUSING AND MEDICAL NEEDS WILL BE PROPERLY PROVIDED FOR AND THAT THE CHARITABLE INTENT OF FOF WILL BE FULFILLED.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $4,204,149 | $4,671,933 | -0.1% |
| Expenses | $4,863,809 | $9,932,631 | -0.5% |
| Net Income | $-659,660 | $-5,260,698 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LISA GATES | PRESIDENT/CE | 50.00 |
Key Emp
|
$297,289 | $24,838 | $322,127 |
| GEORGE FARBER | TRUSTEE | 1.00 |
Director
|
$4,800 | $0 | $4,800 |
| CRAIG ANDERSON | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICK BAUER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE GILGEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM GRADY | PAST CHAIRMA | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PASTOR TOM HLAD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT SMITH JR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RONALD KIEWIET | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PASTOR QUOVADIS MARSHALL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BRAD MORRIS | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAY NARDINI | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PASTOR CHRIS RYGH | VICE CHAIRMA | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARK TINK | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PASTOR JESSE TINK | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| VERA WALLICAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $4,204,149 | $4,863,809 | $10,454,419 | $-659,660 |
| 2023 | $4,671,933 | $9,932,631 | $12,065,067 | $-5,260,698 |
| 2022 | $8,311,790 | $10,223,481 | $19,713,724 | $-1,911,691 |
| 2021 | $1,059,440 | $769,689 | $22,691,329 | $289,751 |
| 2020 | $2,254,641 | $4,712,243 | $18,284,797 | $-2,457,602 |
| 2019 | $2,423,650 | $4,153,151 | $22,050,207 | $-1,729,501 |
| 2018 | $2,023,776 | $2,239,448 | $23,736,654 | $-215,672 |
Compare THE FRIENDSHIP VILLAGE CHARITABLE TRUST with other nonprofits in Iowa and across the country.