Friends Center City Retirement Community
- Assets
- $132.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 03/2005
- Data as of
- 06/2022
- EIN
- 55-0856687
Organization Overview
Friends Center City Retirement Community is located in Philadelphia, PA. The organization was established in 2005. 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. Friends Center City Retirement Community 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 06/2022, Friends Center City Retirement Community generated $92.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $88.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 6 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
ACTIVITIES RANGING FROM WALKING GROUPS, BOOK GROUPS, TO ATTENDANCE AT CULTURAL EVENTS AND MEALS AT LOCAL RESTAURANTS. BENEFITS APPROXIMATELY 130 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Countryman President | 1 | $0 | |
Mary Simaitis Secretary | 1 | $0 | |
Dianne Reed Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,510 |
| Total Program Service Revenue | $41,351 |
| Membership dues | $8,575 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $92,436 |
| 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 | $21,491 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $67,108 |
| Total expenses | $88,599 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $102,523 |
| Other assets | $0 |
| Total assets | $132,260 |
| Total liabilities | $0 |
| Net assets or fund balances | $132,260 |