Friends And Neighbors Inc
- Assets
- $46.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kingsport, TN
- Founding
- 06/2012
- Data as of
- 12/2021
- EIN
- 45-3184769
Organization Overview
Friends And Neighbors Inc is located in Kingsport, TN. The organization was established in 2012. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, 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. Friends And Neighbors 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 12/2021, Friends And Neighbors Inc generated $51.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $78.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE HOUSING FOR 10 FAMILIES. FRIENDS AND NEIGHBORS SOLD THE HOUSES THAT WERE OWNED IN ORDER TO DECREASE THEIR OVERHEAD EXPENSES & SUPPLY A GOOD QUALITY OF LIFE FOR THE TENANTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edna Potts Secretary | 2 | $0 | |
Carl Matherly Treasurer | 2 | $0 | |
Mel Matheson President | 25 | $0 | |
Carolyn Stranberg Vice President | 2 | $0 | |
Johnnie Swaggerty Director | 1 | $0 | |
Kaye Matheson Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,611 |
| Total Program Service Revenue | $33,500 |
| Membership dues | $0 |
| Investment income | $182 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $8,725 |
| Total Revenue | $51,018 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $31,714 |
| Professional fees and other payments to independent contractors | $3,225 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $43,579 |
| Total expenses | $78,518 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,936 |
| Other assets | $0 |
| Total assets | $46,504 |
| Total liabilities | $361 |
| Net assets or fund balances | $46,143 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Friends And Neighbors Inc has recieved totaling $18,000.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Kingsport Inc Kingsport, TN | | $6,000 |
United Way Of Greater Kingsport Inc Kingsport, TN | | $6,000 |
United Way Of Greater Kingsport Inc Kingsport, TN | | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Southern University Housing Foundation Inc Statesboro, GA | $249,175,255 | $10,373,698 |
Appalachian Student Housing Corporation Boone, NC | $99,024,525 | $6,456,684 |
Bloom Our Youth Inc Fayetteville, GA | $3,984,539 | $4,314,160 |
Serenity Pointe Inc Dunlap, TN | $2,490,170 | $4,102,577 |
Greenpointe Regional Housing Inc Dunn, NC | $10,308,542 | $2,284,690 |
Open Table Of Nashville Inc Nashville, TN | $444,222 | $1,157,501 |
Rainbow Village Inc Duluth, GA | $9,090,525 | $2,152,472 |
Sheffield Place Kansas City, MO | $4,172,612 | $2,183,282 |
Covenant Recovery Inc Pine Bluff, AR | $956,380 | $1,711,087 |
Veterans Life Center Raleigh, NC | $1,727,706 | $1,329,274 |
The Wellhouse Odenville, AL | $7,523,032 | $3,587,896 |
True Purpose Ministries Maryville, TN | $2,038,433 | $1,219,633 |