Friendship Hill Inc
- Assets
- $2.3m
- Revenue
- $919.9k
- Investments
- $0.0
- Employees
- 20
- Location
- Lovington, IL
- Founding
- 01/1980
- Data as of
- 12/2023
- EIN
- 37-1035131
Organization Overview
Friendship Hill Inc is located in Lovington, IL. The organization was established in 1980. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Friendship Hill Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Hill 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 12/2023, Friendship Hill Inc generated $919.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $856.0k during the year ending 12/2023. While expenses have increased by 4.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RESIDENTIAL HOME FOR THE AGED
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING A RESIDENTIAL HOME FOR THE AMBULATORY AGED. FOOD, SHELTER, LAUNDRY SERVICE AND LIMITED PERSONAL CARE ARE PROVIDED TO MAINTAIN A HEALTHY MEANINGFUL AND INDEPENDENT LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Casteel Administrato | Officer | 40 | $82,215 |
Marilyn Benedino Director | Trustee | 1 | $0 |
Bill Blickhan Treasurer | OfficerTrustee | 1 | $0 |
Ron Eagan Director | Trustee | 1 | $0 |
Betty Hug Secretary | OfficerTrustee | 1 | $0 |
John Lyons Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $115,553 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $566,585 |
| Noncash contributions included in lines 1a–1f | $52,585 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $682,138 |
| Total Program Service Revenue | $234,129 |
| Investment income | $79 |
| 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 | $919,851 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| 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. | $82,215 |
| Compensation of current officers, directors, key employees. | $61,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $338,010 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,184 |
| Payroll taxes | $28,511 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,956 |
| Office expenses | $8,806 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $106,462 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,750 |
| Interest | $35,788 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,588 |
| Insurance | $46,724 |
| All other expenses | $0 |
| Total functional expenses | $856,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450 |
| Savings and temporary cash investments | $462,705 |
| 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 | $0 |
| Inventories for sale or use | $16,556 |
| Prepaid expenses and deferred charges | $8,063 |
| Net Land, buildings, and equipment | $1,782,392 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,270,166 |
| Accounts payable and accrued expenses | $22,244 |
| 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 | $1,305,482 |
| Total liabilities | $1,327,726 |
| Net assets without donor restrictions | $942,440 |
| 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 | $2,270,166 |