Residents Council Of Friendship Village Of Kalamazoo
- Assets
- $124.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kalamazoo, MI
- Founding
- 02/1985
- Data as of
- 09/2023
- EIN
- 38-2558573
Organization Overview
Residents Council Of Friendship Village Of Kalamazoo is located in Kalamazoo, MI. The organization was established in 1985. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Residents Council Of Friendship Village Of Kalamazoo is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2023, Residents Council Of Friendship Village Of Kalamazoo generated $59.7k 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 (33.2%) each year. All expenses for the organization totaled $64.5k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DELIVERING VIBRANT SENIOR LIVING IN A LIFECARE COMMUNITY.
Describe the Organization's Program Activity:
Part 3
TO ENHANCE CARE AND SERVICES TO SENIOR CITIZENS LIVING IN COMPLEX. THIS INCLUDES $139,262 EMPLOYEE APPRECIATION FUND, $5,245.19 EMPLOYEE EMERGENCY FUND, AND $30,454.32 EMPLOYEE SCHOLARSHIP FUND.
TO ENRICH THE LIVES OF SENIOR CITIZENS LIVING IN THE COMPLEX GENERAL FUNDS.
TO ENHANCE THE ENVIRONMENT AND ACTIVITIES OF SENIOR CITIZENS LIVING IN THE COMPLEX. THIS INCLUDES $462.65 GARDEN FUND, $5,708.27 LIBRARY FUND, $2,577.07 VILLAGE WOODS FUND, $1,302.83 WOODSHOP FUND, AND $204.24 KNITTERS FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Ford Charles President | 4 | $0 | |
David Lundquist Vice President | 2 | $0 | |
Suzanne Jones Treasurer | 5 | $0 | |
Richard Fluke Assistant Treasurer | 3 | $0 | |
Judith Beam Secretary | 3 | $0 | |
Marilyn Bejma Assistant Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,686 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $59,686 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,966 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $62,564 |
| Total expenses | $64,530 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $124,117 |
| Other assets | $0 |
| Total assets | $124,117 |
| Total liabilities | $0 |
| Net assets or fund balances | $124,117 |