Friendship Home Association
- Assets
- $4.8m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 99
- Location
- Audubon, IA
- Founding
- 11/1959
- Data as of
- 12/2020
- EIN
- 42-0819620
Organization Overview
Friendship Home Association is located in Audubon, IA. The organization was established in 1959. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2020, Friendship Home Association employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Home Association 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 12/2020, Friendship Home Association generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $4.2m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE NURSING CARE SERVICES FOR RESIDENTS IN A CHRISTIAN SETTING OF COMPASSION AND CHOICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A FACILITY THAT PROVIDES NURSING AND SKILLED CARE FOR THE ELDERLY AND INFIRM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Nixon Administrato | Officer | 40 | $82,855 |
Tim Andersen Treasurer/se | OfficerTrustee | 1 | $0 |
Jeff Edwards President | OfficerTrustee | 1 | $0 |
Dan Jorgensen Vice Preside | OfficerTrustee | 1 | $0 |
Genelle Deist Member | Trustee | 1 | $0 |
Carolyn Cunningham Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medstaff Healthcare Solutions Staffing Agent | 12/30/18 | $179,686 |
Badding Construction Construction | 12/30/18 | $2,229,102 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $424,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,530 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $482,030 |
| Total Program Service Revenue | $3,213,097 |
| Investment income | $102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,191 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,710,047 |
| 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 | $2,026,951 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $369,854 |
| Payroll taxes | $168,109 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $103,968 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $195,407 |
| Insurance | $0 |
| All other expenses | $19,365 |
| Total functional expenses | $4,171,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,458 |
| Savings and temporary cash investments | $177,448 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $404,395 |
| 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 | $34,190 |
| Net Land, buildings, and equipment | $4,071,700 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $132,833 |
| Other assets | $0 |
| Total assets | $4,836,024 |
| Accounts payable and accrued expenses | $269,570 |
| 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 | $2,942,052 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $635,282 |
| Total liabilities | $3,846,904 |
| Net assets without donor restrictions | $989,120 |
| 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 | $4,836,024 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oakwood Village University Woods Homes Inc Madison, WI | $65,944,381 | $14,695,232 |
Healtheast Care Center-White Bear Lake Minneapolis, MN | $21,500,066 | $19,878,370 |
Baptist Home Inc Edina, MN | $23,839,414 | $18,350,368 |
St Johns Lutheran Home Albert Lea, MN | $48,874,024 | $18,188,441 |
Madison Healthcare Services Madison, MN | $39,706,321 | $23,223,798 |
Methodist Manor Health Center Inc West Allis, WI | $6,950,058 | $15,339,815 |
Catholic Eldercare Minneapolis, MN | $35,653,392 | $18,000,892 |
St Patrick Residence Naperville, IL | $29,023,475 | $20,568,774 |
Ebenezer Ridges Edina, MN | $19,189,354 | $17,159,113 |
Bethany Manor Inc Story City, IA | $35,629,736 | $20,182,256 |
Bethany Lutheran Home Sioux Falls, SD | $29,243,342 | $16,408,345 |
Holy Family Villa Palos Park, IL | $17,637,306 | $12,934,325 |