Residents Association Of Friendship Village-Bloomington
- Assets
- $45.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomington, MN
- Founding
- 01/1984
- Data as of
- 12/2022
- EIN
- 41-1396876
Organization Overview
Residents Association Of Friendship Village-Bloomington is located in Bloomington, MN. The organization was established in 1984. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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 Association Of Friendship Village-Bloomington 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 12/2022, Residents Association Of Friendship Village-Bloomington generated $15.4k 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 (50.9%) each year. All expenses for the organization totaled $15.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (49.5%) per year over the past 4 years. 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDES ENHANCED LIVING SERVICES FOR SENIORS LIVING AT FRIENDSHIP VILLAGE, BLOOMINGTON, MN. SUPPORTS 20 COMMUNITIES OF RESIDENTS. PAYS ENTERTAINMENT PROVIDED TO RESIDENTS. SPONSORS VARIOUS SPEAKERS FOR RESIDENTS. INVOLVES APPROXIMATELY 375 RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Olson President | 10 | $0 | |
Ray Spock Vice President | 4 | $0 | |
Delores Roder Secretary | 4 | $0 | |
Merlin Bretzman Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,333 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $18 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $15,351 |
| 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 | $15,719 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $15,719 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $45,123 |
| Other assets | $0 |
| Total assets | $45,123 |
| Total liabilities | $0 |
| Net assets or fund balances | $45,123 |