Friendship Manor Corporation is located in Salt Lake City, UT. The organization was established in 1965. 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. As of 09/2022, Friendship Manor Corporation employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Manor Corporation 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 09/2022, Friendship Manor Corporation generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $2.2m during the year ending 09/2022. While expenses have increased by 0.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LOW INCOME HOUSING TO THE ELDERLY AND DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOW INCOME HOUSING TO THE ELDERLY AND DISABLED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Charles Pioli Director | OfficerTrustee | 0.5 | $0 |
John Mertens Director | OfficerTrustee | 0.5 | $0 |
Vickie Brunstetter Director | OfficerTrustee | 0.5 | $0 |
Jean Boyack Director | OfficerTrustee | 0.5 | $0 |
Marsha Backels Director | Trustee | 0.5 | $0 |
Louise Ewing Director | Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $880,963 |
All other contributions, gifts, grants, and similar amounts not included above | $2,278 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $883,241 |
Total Program Service Revenue | $1,751,048 |
Investment income | $204 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,500 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,635,993 |
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 | $711,925 |
Pension plan accruals and contributions | $33,535 |
Other employee benefits | $95,083 |
Payroll taxes | $54,823 |
Fees for services: Management | $115,709 |
Fees for services: Legal | $11,705 |
Fees for services: Accounting | $17,975 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $9,215 |
Office expenses | $55,763 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $460,659 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,710 |
Interest | $111,467 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $190,070 |
Insurance | $82,090 |
All other expenses | $62,562 |
Total functional expenses | $2,249,498 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $228,425 |
Savings and temporary cash investments | $75,674 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $20,187 |
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 | $46,483 |
Net Land, buildings, and equipment | $2,550,930 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $213,561 |
Other assets | $868,990 |
Total assets | $4,004,250 |
Accounts payable and accrued expenses | $202,231 |
Grants payable | $0 |
Deferred revenue | $32,373 |
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 | $3,037,889 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $61,908 |
Total liabilities | $3,334,401 |
Net assets without donor restrictions | $669,849 |
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 | $4,004,250 |
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