Friendship Adult Day Services Inc
- Assets
- $107.1k
- Revenue
- $174.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Burlington, NC
- Founding
- 10/1984
- Data as of
- 06/2021
- EIN
- 56-1362204
Organization Overview
Friendship Adult Day Services Inc is located in Burlington, NC. The organization was established in 1984. According to its NTEE Classification (P71) the organization is classified as: Adult Day Care, under the broad grouping of Human Services and related organizations. As of 06/2021, Friendship Adult Day Services Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Adult Day Services 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 06/2021, Friendship Adult Day Services Inc generated $174.7k 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 (6.6%) each year. All expenses for the organization totaled $99.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (14.3%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDSHIP ADULT DAY SERVICES, INC. OPERATES AN ADULT DAY CARE FACILITY FOR ELDERLY AND/OR PHYSICALLY LIMITED INDIVIDUALS IN ALAMANCE COUNTY, NORTH CAROLINA. THE SERVICES PROVIDED ARE SUBSIDIZED BY GOVERNAMENTAL AGENCIES, AND DONATIONS, WHERE THE PARTICIPANT CANNOT PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ADULT DAY CARE SERVICES FOR ELDERLY AND/OR PHYSICALLY LIMITED INDIVIDUALS IN ALAMANCE COUNTY, NORTH CAROLINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Starlene Chang Chair | OfficerTrustee | 1 | $0 |
Connie Morse Executive Director | Officer | 40 | $0 |
Veronica Revels Treasurer | Trustee | 1 | $0 |
Samantha Loy Director | Trustee | 1 | $0 |
Dianne Person Director | Trustee | 0 | $0 |
David Haynes Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $173,266 |
| All other contributions, gifts, grants, and similar amounts not included above | $400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,666 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $174,650 |
| 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. | $50,854 |
| Compensation of current officers, directors, key employees. | $50,854 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $927 |
| Payroll taxes | $4,704 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $332 |
| Office expenses | $1,059 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,801 |
| Travel | $693 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,182 |
| Insurance | $719 |
| All other expenses | $13,123 |
| Total functional expenses | $99,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,158 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $22,657 |
| Accounts receivable, net | $1,555 |
| 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 | $1,383 |
| Net Land, buildings, and equipment | $1,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $107,140 |
| Accounts payable and accrued expenses | $14,378 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,378 |
| Net assets without donor restrictions | $92,762 |
| 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 | $107,140 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friendship Adult Day Services Inc has recieved totaling $34,000.
| Awarding Organization | Amount |
|---|---|
United Way Of Alamance County Inc Burlington, NC PURPOSE: COMMUNITY SUPPORT | $24,000 |
Alamance Community & Health Foundation Inc Greensboro, NC PURPOSE: Community health fund | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adult Center For Enrichment Inc Greensboro, NC | $2,389,034 | $4,332,250 |
New Life Tn Winchester, TN | $5,951,032 | $3,273,560 |
Charles House Association Chapel Hill, NC | $2,713,199 | $1,972,465 |
Circle Center Adult Day Services Richmond, VA | $3,477,648 | $1,159,129 |
Shalom Farms Richmond, VA | $1,427,552 | $1,396,079 |
Adult Care Center Of Roanoke Valley Inc Salem, VA | $1,151,650 | $903,901 |
Paulding Enterprises Inc Dallas, GA | $1,352,935 | $887,582 |
Rosswoods Inc Dalton, GA | $2,212,405 | $878,180 |
Thrive Memphis Memphis, TN | $384,336 | $501,619 |
Creative Living Center Inc Greenville, NC | $43,506 | $167,569 |
The Guest House Inc Gainesville, GA | $0 | $28,593 |
Friendship Adult Day Services Inc Burlington, NC | $107,140 | $174,650 |