Friendship Community Development Corporation

EIN: 562267077 501(c)(3) Community Improvement

Charlotte, NC

Total Revenue
$809,838
Total Expenses
$861,448
Total Assets
$1,636,687
Net Assets
$1,265,584
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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
2001
Legal Domicile
NC
Principal Officer
JOHN SPANN
Phone
7043916644
Tax Period
2023-07-01 to 2024-06-30

Friendship Community Development Corporation, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $810K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

The mission of the Friendship Community Development Corp is to serve facilitate and build community through sustainted human development

Program Service Accomplishments

Program 1
Expenses: $243,754 Revenue: $186,077

Women's Shelter My Sisters House is a 24 bed transitional living center for homeless women in Charlotte. Residents are able to stay up to 24 months if making progress in the program.

Program 2
Expenses: $148,126 Revenue: $95,838

Great Things!-is a Resale Boutique which provides clothing and household items for sale to the general public. Proceeds support the operations of MSH. They also provide clothing and household items...

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Great Things!-is a Resale Boutique which provides clothing and household items for sale to the general public. Proceeds support the operations of MSH. They also provide clothing and household items to residents of MSH free of charge.

Program 3
Expenses: $125,606 Revenue: $160,810

Friendship Gardens Affordable housing unites for low to moderate income individuals. There are 12 apartments in the Lincoln Heights Neighborhood off the Beatties Ford Road in Northwest Charlotte

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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 $354,361
Program Service Revenue $335,660
Investment Income $0
Other Revenue $119,817
TOTAL REVENUE $809,838

Expense Breakdown

Grants Paid $0
Salaries & Benefits $471,050
Fundraising Expenses $0
Program Expenses $517,486
Other Expenses $390,398
TOTAL EXPENSES $861,448

Year-over-Year Comparison

2023 2022 Change
Revenue $809,838 $724,460 +0.1%
Expenses $861,448 $868,149 0.0%
Net Income $-51,610 $-143,689 -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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
347625
Volunteers
40

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR CLIFFORD JONES SR Chair N/A
Officer
$0 $0 $0
ERIC NELSON Director N/A
Officer Director
$0 $0 $0
LUCILLE BATTS Director N/A
Director
$0 $0 $0
GERALD ROBINSON Director N/A
Director
$0 $0 $0
TIM ELLERBY Director N/A
Director
$0 $0 $0
TAMMIE CARTLEDGE Director N/A
Director
$0 $0 $0
CASONDRA DEVINE DIrector N/A
Director
$0 $0 $0
EDDIE MCCLURE Director N/A
Director
$0 $0 $0
JENNIFER COBLE Executive Director N/A
Highest
$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 $809,838 $861,448 $1,636,687 $-51,610
2023 $724,460 $896,497 $1,673,530 $-172,037
2022 $1,456,146 $1,374,687 $1,824,328 $81,459
2021 $883,348 $959,853 $1,845,246 $-76,505
2020 $1,025,741 $1,033,038 $1,918,635 $-7,297
2019 $1,004,041 $1,027,352 $1,844,674 $-23,311
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