Friendly Inn Settlement Inc
- Assets
- $5.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 38
- Location
- Cleveland, OH
- Founding
- 03/1965
- Data as of
- 12/2022
- EIN
- 34-0714413
Organization Overview
Friendly Inn Settlement Inc is located in Cleveland, OH. The organization was established in 1965. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Friendly Inn Settlement Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendly Inn Settlement 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 12/2022, Friendly Inn Settlement Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.9%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 4 years. 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 IMPROVE THE QUALITY OF LIFE BY CULTIVATING, PLANTING, AND NURTURING INDIVIDUALS, FAMILIES AND COMMUNITIES TO MAKE A DIFFERENCE IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY BASED DAYCARE
ALL OTHER ACCOMPLISHMENTS: OUT OF SCHOOL TIME SERVICES FOR AT-RISK YOUTH IN CUYAHOGA COUNTY; WORK WITH STUDENTS DURING NON-SCHOOL HOURS TO HELP THEM IMPROVE ACADEMICALLY, BEHAVIORALLY, EMOTIONALLY, AND SOCIALLY
SERVICES TO FAMILY & CHILDREN
OUT OF SCHOOL TIME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yolanda Armstrong Executive Di | Trustee | 40 | $120,000 |
Robert Bankston Board Member | Trustee | $0 | |
Tyanna Blanchard Board Member | Trustee | $0 | |
Rhonda Crowder Vice Preside | Trustee | $0 | |
Tiffany Darby Board Member | Trustee | $0 | |
Latonia Davis Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $986,693 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,819 |
| Noncash contributions included in lines 1a–1f | $14,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,013,512 |
| Total Program Service Revenue | $488,250 |
| Investment income | $25,575 |
| 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 | $1,559,935 |
| 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. | $120,000 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $832,793 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,517 |
| Payroll taxes | $65,791 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $184,083 |
| Advertising and promotion | $32,589 |
| Office expenses | $2,442 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $161,136 |
| Travel | $22,061 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,790 |
| Interest | $35,335 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,579 |
| Insurance | $35,294 |
| All other expenses | $16,964 |
| Total functional expenses | $1,888,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,816 |
| Savings and temporary cash investments | $68,698 |
| Pledges and grants receivable | $236,797 |
| Accounts receivable, net | $0 |
| 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 | $37,762 |
| Net Land, buildings, and equipment | $3,959,058 |
| Investments—publicly traded securities | $691,310 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,241,441 |
| Accounts payable and accrued expenses | $43,196 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $478,231 |
| Total liabilities | $521,427 |
| Net assets without donor restrictions | $4,972,442 |
| Net assets with donor restrictions | -$252,428 |
| 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 | $5,241,441 |