Friendship Senior Options Nfp
- Assets
- $9.0m
- Revenue
- $7.4m
- Investments
- $163.7k
- Employees
- 1,036
- Location
- Schaumburg, IL
- Founding
- 01/2007
- Data as of
- 03/2022
- EIN
- 20-1278553
Organization Overview
Friendship Senior Options Nfp is located in Schaumburg, IL. The organization was established in 2007. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Housing & Shelter and related organizations. As of 03/2022, Friendship Senior Options Nfp employed 1,036 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Senior Options Nfp 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 03/2022, Friendship Senior Options Nfp generated $7.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $7.0m during the year ending 03/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OFFER EXCEPTIONAL SERVICES TO SENIORS ALONG LIFE'S JOURNEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION, WHICH IS INTENDED TO BE A "SUPPORTING ORGANIZATION" (AS THAT TERM IS DEFINED IN SECTION 509(A)(3) OF THE CODE AND IN TREASURY REGULATION 1.509(A)-4(I)), OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF RELATED ENTITIES, SO LONG AS EACH ORGANIZATION CONTINUES TO QUALIFY AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(3) OF THE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Yenchek President & CEO (through July 2021) | Officer | 12 | $405,999 |
Michael Flynn CFO And CEO (starting July 2021) | Officer | 8 | $264,190 |
Patricia Mash Vp, Planning & Marketing | 40 | $194,779 | |
Jeff Nyberg Controller | 40 | $122,440 | |
Richard J Zielinski Director, Financial Report | 40 | $118,505 | |
Joshua Flaim Director, Human Resources | 40 | $116,941 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sentinel Technologies Inc It | 3/30/22 | $372,379 |
The Loyola Group Consulting | 3/30/22 | $151,200 |
Mcvey & Parsky Legal | 3/30/22 | $161,089 |
Arthur J Gallagher Management Services Management Services | 3/30/22 | $681,976 |
Smb Interim Management Llc Consulting | 3/30/22 | $146,330 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,077,996 |
| Investment income | $179,703 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,371,857 |
| 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. | $823,999 |
| Compensation of current officers, directors, key employees. | $797,724 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,654,512 |
| Pension plan accruals and contributions | $120 |
| Other employee benefits | $389,634 |
| Payroll taxes | $171,209 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $484,926 |
| Fees for services: Accounting | $78,987 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,709 |
| Fees for services: Other | $788,524 |
| Advertising and promotion | $0 |
| Office expenses | $395,826 |
| Information technology | $1,213,968 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,208 |
| Interest | $766,965 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,225 |
| Insurance | $41,268 |
| All other expenses | $44,563 |
| Total functional expenses | $6,951,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $614,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,247,327 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $628,589 |
| Net Land, buildings, and equipment | $2,258,706 |
| Investments—publicly traded securities | $616,176 |
| Investments—other securities | $163,727 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,488,547 |
| Total assets | $9,017,115 |
| Accounts payable and accrued expenses | $1,520,467 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $9,677,402 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,499,001 |
| Total liabilities | $19,696,870 |
| Net assets without donor restrictions | -$10,679,755 |
| Net assets with donor restrictions | $0 |
| 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 | $9,017,115 |
Grants Awarded
Over the last fiscal year, Friendship Senior Options Nfp has awarded $10,079,100 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Schaumburg, IL PURPOSE: SUPPORT | $4,914,546 |
Schaumburg, IL PURPOSE: SUPPORT | $4,914,546 |
Schaumburg, IL PURPOSE: SUPPORT | $125,004 |
Schaumburg, IL PURPOSE: SUPPORT | $125,004 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Friendship Senior Options Nfp has recieved totaling $130,158.
| Awarding Organization | Amount |
|---|---|
Friendship Senior Options Foundation Nfp Schaumburg, IL PURPOSE: ASSOCIATE EDUCATION EXPENSES, BENEVOLENCE | $61,329 |
Friendship Senior Options Foundation Nfp Schaumburg, IL PURPOSE: ASSOCIATE EDUCATION EXPENSES, BENEVOLENCE | $61,329 |
Lajck Foundation Schaumburg, IL PURPOSE: CHARITABLE | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Federation Of Applachian Housing Inc Berea, KY | $96,510,437 | $12,528,691 |
Fv Services Inc St Louis, MO | $7,345,629 | $6,995,820 |
Friendship Senior Options Nfp Schaumburg, IL | $9,017,115 | $7,371,857 |
Bhi Retirement Communities Inc Indianapolis, IN | $75,104,516 | $7,467,607 |
Alliance To End Homelessness In Suburban Cook County Hillside, IL | $1,153,405 | $3,019,162 |
St Clare Management Inc Milwaukee, WI | $646,064 | $1,339,320 |
Ibb Local Lodge Number One Training And Education Fund St Charles, IL | $1,364,026 | $1,121,730 |
Saint Louis City Continuum Of Care Saint Louis, MO | $151,351 | $211,491 |
Affordable Housing Services Corporation Fishers, IN | $1,155,325 | $22,073 |
Plymouth Place Holdings Inc Lagrange, IL | $0 | $0 |
Lifespace Management Inc West Des Moines, IA | $0 | $0 |