FRIENDSHIP HOMES INC (EIN 556023566) - Form 990 Financial Analysis & Trantor Score

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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

1958

Legal Domicile

Principal Officer

JACQUES WILLIAMS

Phone

3045990140

Tax Period

2023-10-01 to 2024-09-30

FRIENDSHIP HOMES INC, founded in 1958, is a community nonprofit in the Human Services sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 1092% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 90% operating margin.

Mission

FRIENDSHIP HOMES OPERATES A 49 UNIT NON-PROFIT INDEPENDENT LIVING APARTMENT COMPLEX FOR THE ELDERLY OR HANDICAPPED INDIVIDUALS OF MODERATE MEANS.

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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 $0

Program Service Revenue $137,784

Investment Income $2,109,027

Other Revenue $0

TOTAL REVENUE $2,246,811

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,432

Fundraising Expenses $171

Program Expenses $201,016

Other Expenses $171,239

TOTAL EXPENSES $214,671

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,246,811	$188,413	+10.9%
Expenses	$214,671	$291,494	-0.3%
Net Income	$2,032,140	$-103,081	-20.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES ALEXANDER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ROBERT JOSEPH	DIRECTOR	N/A	Director	$0	$0	$0
JACQUES WILLIAMS	PRESIDENT	N/A	Officer Director	$0	$0	$0
KARL YAGLE	DIRECTOR	N/A	Director	$0	$0	$0
PAM YAGLE	SECRETARY	N/A	Officer 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
2025	No data	No data	No data	No data
2024	$2,246,811	$214,671	$2,253,592	$2,032,140
2023	$188,413	$291,099	$225,795	$-102,686
2022	$304,659	$285,932	$287,083	$18,727
2021	$263,041	$294,143	$287,220	$-31,102
2020	$392,686	$443,068	$335,518	$-50,382
2019	$419,562	$426,606	$400,389	$-7,044
2018	$352,874	$344,741	$460,565	$8,133

FRIENDSHIP HOMES INC