Friendly House Inc
- Assets
- $5.5m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 129
- Location
- Worcester, MA
- Founding
- 01/1936
- Data as of
- 06/2024
- EIN
- 04-2104239
Organization Overview
Friendly House Inc is located in Worcester, MA. The organization was established in 1936. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 06/2024, Friendly House Inc employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendly House Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Friendly House Inc generated $10.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $9.0m during the year ending 06/2024. While expenses have increased by 7.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE NEEDY PERSONS WITH SHELTER, RECREATION, DAYCAMP, CHILD CARE AND FEEDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHELTER PROGRAM: PROVIDES EMERGENCY HOUSING FOR ELIGIBLE PARTICIPANTS.
RECREATION: PROVIDES CONSTRUCTIVE AND SATISFYING USE OF LEISURE TIME.
CHILD FEEDING: PROGRAM TO PROVIDE MEALS TO ELIGIBLE CHILDREN.
PERSONAL DEVELOPMENT: SOCIAL AND RECREATIONAL PROGRAMS FOR ELIGIBLE PARTICIPANTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Carney President | OfficerTrustee | 1 | $0 |
Elizabeth Young Vice Chair, Treasurer | OfficerTrustee | 1 | $0 |
Peter Tamulis Vice Chair | OfficerTrustee | 1 | $0 |
Anyeliny Lamptey Director | Trustee | 1 | $0 |
Norm Romano Director | Trustee | 1 | $0 |
Benjamin Borrero Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $349,275 |
| Membership dues | $0 |
| Fundraising events | $77,874 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,342,223 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,769,372 |
| Total Program Service Revenue | $8,416,223 |
| Investment income | $59,199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,510 |
| Net Income from Fundraising Events | $5,094 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,242,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $406,475 |
| Compensation of current officers, directors, key employees. | $192,959 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,612,517 |
| Pension plan accruals and contributions | $22,346 |
| Other employee benefits | $342,032 |
| Payroll taxes | $239,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $665 |
| Fees for services: Accounting | $29,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,017 |
| Fees for services: Other | $425,261 |
| Advertising and promotion | $0 |
| Office expenses | $18,284 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,334,079 |
| Travel | $37,343 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,391 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $110,654 |
| All other expenses | $3,050 |
| Total functional expenses | $8,976,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $834,854 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $987,359 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,591 |
| Net Land, buildings, and equipment | $1,612,177 |
| Investments—publicly traded securities | $2,055,830 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,513,811 |
| Accounts payable and accrued expenses | $356,287 |
| Grants payable | $0 |
| Deferred revenue | $153,334 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $392,069 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $901,690 |
| Net assets without donor restrictions | $3,912,085 |
| Net assets with donor restrictions | $700,036 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,513,811 |