Jackson Friendly Home
- Assets
- $2.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 46
- Location
- Jackson, MI
- Founding
- 08/1942
- Data as of
- 12/2023
- EIN
- 38-1367314
Organization Overview
Jackson Friendly Home is located in Jackson, MI. The organization was established in 1942. 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, Jackson Friendly Home employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jackson Friendly Home 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, Jackson Friendly Home generated $1.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 2.9% per year over the past 9 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
TO PROVIDE A HOME FOR THE AGED TO WOMEN OVER FIFTY-FIVE YEARS OF AGE AT AFFORDABLE PRICES, OFFERED IN A FRIENDLY AND HOMELIKE ATMOSPHERE WHICH ENCOURAGES INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JACKSON FRIENDLY HOME SERVES EXTREMELY LOW-INCOME WOMEN. OVER 80% OF THE LADIES WOULD NOT HAVE THE RESOURCES TO LIVE IN A SUPPORTIVE ENVIRONMENT WITHOUT THE HELP OF THE JACKSON FRIENDLY HOME. DONATIONS AND GRANTS HELP THE HOME PROVIDE THESE NECESSARY SERVICES TO THIS VULNERABLE POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Backinger Vice Chair | OfficerTrustee | 2 | $0 |
Faustina Beagle Trustee | Trustee | 2 | $0 |
Marie Bonkowski Secretary | OfficerTrustee | 2 | $0 |
Deborah Eccleton-Shepard Trustee | Trustee | 2 | $0 |
Chad Kennedy Trustee | Trustee | 2 | $0 |
Terry Langston Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $110,280 |
| All other contributions, gifts, grants, and similar amounts not included above | $313,926 |
| Noncash contributions included in lines 1a–1f | $15,886 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $424,206 |
| Total Program Service Revenue | $1,228,939 |
| Investment income | $13,551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,431 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,689,587 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $788,124 |
| Pension plan accruals and contributions | $2,691 |
| Other employee benefits | $7,323 |
| Payroll taxes | $60,057 |
| Fees for services: Management | $103,978 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,683 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $720 |
| Advertising and promotion | $2,667 |
| Office expenses | $12,155 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,943 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,486 |
| Insurance | $54,104 |
| All other expenses | $31,237 |
| Total functional expenses | $1,406,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,856 |
| Savings and temporary cash investments | $719,170 |
| Pledges and grants receivable | $9,500 |
| Accounts receivable, net | $64,832 |
| 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 | $16,424 |
| Net Land, buildings, and equipment | $905,888 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,000 |
| Total assets | $2,130,670 |
| Accounts payable and accrued expenses | $111,885 |
| Grants payable | $0 |
| Deferred revenue | $1,131 |
| 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 | $0 |
| Total liabilities | $113,016 |
| Net assets without donor restrictions | $1,776,392 |
| Net assets with donor restrictions | $241,262 |
| 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 | $2,130,670 |