Civic Intelligence

Friends Development Company

990EZ • Fiscal year 2023 • EIN 23-2983588

Jun 01, 2022 to May 31, 2023 • Filed on Apr 10, 2024

Organization ProfileN/A
704-706 West Girard AvenuePhiladelphia, PA 19123

(215) 825-8800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

49th percentile

0.0%

Faster asset growth than 49% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Flat

$8,544

Flat from 2022

Net Assets

Flat

$8,544

Flat from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2022

Expenses

Flat

$0

Flat from 2022

Net Income

Flat

$0

Flat from 2022

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $86,335Liabilities 2010: $65,516Net Assets 2010: $20,8192010Assets 2011: $86,335Liabilities 2011: $65,516Net Assets 2011: $20,8192011Assets 2012: $59,295Liabilities 2012: $80,314Net Assets 2012: -$21,0192012Assets 2013: $1,326,249Liabilities 2013: $1,387,371Net Assets 2013: -$61,1222013Assets 2014: $1,855,365Liabilities 2014: $1,981,743Net Assets 2014: -$126,3782014Assets 2015: $2,048,619Liabilities 2015: $2,225,808Net Assets 2015: -$177,1892015Assets 2016: $2,468,480Liabilities 2016: $2,549,207Net Assets 2016: -$80,7272016Assets 2017: $2,461,897Liabilities 2017: $2,664,656Net Assets 2017: -$202,7592017Assets 2018: $2,516,233Liabilities 2018: $2,686,138Net Assets 2018: -$169,9052018Assets 2019: $2,445,374Liabilities 2019: $2,669,718Net Assets 2019: -$224,3442019Assets 2020: $6,442,599Liabilities 2020: $7,121,311Net Assets 2020: -$678,7122020Assets 2021: $66,451Liabilities 2021: $57,907Net Assets 2021: $8,5442021Assets 2022: $8,544Liabilities 2022: $0Net Assets 2022: $8,5442022Assets 2023: $8,544Liabilities 2023: $0Net Assets 2023: $8,5442023

Highlighted filing

2023

Assets$8,544
Liabilities$0
Net Assets$8,544
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $151,0382010Expenses 2011: $02011Revenue 2012: $6,139Expenses 2012: $47,977Net Income 2012: -$41,8382012Revenue 2013: $155Expenses 2013: $40,258Net Income 2013: -$40,1032013Revenue 2014: $4,708Expenses 2014: $69,964Net Income 2014: -$65,2562014Revenue 2015: $138,547Expenses 2015: $189,358Net Income 2015: -$50,8112015Revenue 2016: $334,266Expenses 2016: $237,804Net Income 2016: $96,4622016Revenue 2017: $317,975Expenses 2017: $429,557Net Income 2017: -$111,5822017Revenue 2018: $454,254Expenses 2018: $421,400Net Income 2018: $32,8542018Revenue 2019: $376,649Expenses 2019: $431,088Net Income 2019: -$54,4392019Revenue 2020: $275,149Expenses 2020: $467,832Net Income 2020: -$192,6832020Revenue 2021: $1,117,588Expenses 2021: $430,336Net Income 2021: $687,2522021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023

Highlighted filing

2023

Revenue$0
Expenses$0
Net Income$0
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Apr 10, 2024
Return Version
2022v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

Prior to sale of building, the organization provided affordable housing to low and moderate income persons in philadelphia, pa. Property was sold in september 2020. The corporation is currently inactive as the organization is in the process of dissolving.

Formerly, to provide affordable housing to low and moderate income persons in philadelphia, pa.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION FORMERLY PROVIDED AFFORDABLE HOUSING TO LOW AND MODERATE INCOME PERSONS. THE BUILDING WAS SOLD SEPTEMBER 2020.$0$0
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANDREW ANDERSONPresident/Secretary-$0--
HOLLISTER KNOWLTONVice President/ Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
Friends Development Company
EIN
23-2983588
Phone
2158258800
Address
704-706 WEST GIRARD AVENUE, PHILADELPHIA, PA 19123

Signing Officer

Name
Andrew Anderson
Title
Executive Director
Phone
2158258800
Signed
2024-04-10
Discuss with paid preparer
Yes

Preparer

Firm
Eisner Advisory Group LLC
Address
130 NORTH 18TH STREET SUITE 3000, PHILADELPHIA, PA 19103-2757
Preparer
Helen M Martin
Phone
2158818800
Raw XML Appendix138 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MICHEL HOWITT
IRS990EZ/BooksInCareOfDetail/PhoneNum02158258800
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0704-706 W GIRARD AVENUE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0PHILADELPHIA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd019123
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt08544
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt08544
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt00
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt08544
IRS990EZ/Form990TotalAssetsGrp/EOYAmt08544
IRS990EZ/GrossReceiptsAmt00
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt08544
IRS990EZ/NetAssetsOrFundBalancesEOYAmt08544
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt08544
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt08544
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ANDREW ANDERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1HOLLISTER KNOWLTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT/ TREASURER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0FORMERLY, TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME PERSONS IN PHILADELPHIA, PA.
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ORGANIZATION FORMERLY PROVIDED AFFORDABLE HOUSING TO LOW AND MODERATE INCOME PERSONS. THE BUILDING WAS SOLD SEPTEMBER 2020.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt00
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01558
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0585
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02143
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01117588
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0273574
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0376064
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01767226
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01558
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0585
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02143
IRS990ScheduleA/InvestmentIncomeCYPct00.00120
IRS990ScheduleA/InvestmentIncomePYPct00.00120
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99880
IRS990ScheduleA/PublicSupportPY509Pct00.99880
IRS990ScheduleA/PublicSupportTotal509Amt01767226
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01117588
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0273574
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0376064
IRS990ScheduleA/Total509Grp/TotalAmt01767226
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01117588
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0275132
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0376649
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01769369
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREW ANDERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02158258800
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRIENDS DEVELOPMENT COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0FRIE
ReturnHeader/Filer/EIN0232983588
ReturnHeader/Filer/PhoneNum02158258800
ReturnHeader/Filer/USAddress/AddressLine1Txt0704-706 WEST GIRARD AVENUE
ReturnHeader/Filer/USAddress/CityNm0PHILADELPHIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019123
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0871353108
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EISNER ADVISORY GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0130 NORTH 18TH STREET SUITE 3000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PHILADELPHIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0191032757
ReturnHeader/PreparerPersonGrp/PhoneNum02158818800
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HELEN M MARTIN
ReturnHeader/ReturnTs02024-04-12T11:37:04-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANDREW
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ANDERSON
ReturnHeader/TaxPeriodBeginDt02022-06-01
ReturnHeader/TaxPeriodEndDt02023-05-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,544
Liabilities
$0
Net assets
$8,544
Revenue
$0
Expenses
$0
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.00$0.00$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.00$0.01$0.00$0.00$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.06$0.01$1.12$0.43$0.69
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.44$7.12$0.68$0.28$0.47$0.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.45$2.67$0.22$0.38$0.43$0.05
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$2.69$0.17$0.45$0.42$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.46$2.66$0.20$0.32$0.43$0.11
2016Detailed filing. Detailed filing data is available for this year.$2.47$2.55$0.08$0.33$0.24$0.10
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.05$2.23$0.18$0.14$0.19$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.86$1.98$0.13$0.00$0.07$0.07
2013Summary only. Only limited summary data is available for this year.$1.33$1.39$0.06$0.00$0.04$0.04
2012Summary only. Only limited summary data is available for this year.$0.06$0.08$0.02$0.01$0.05$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.07$0.02$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.07$0.02$0.15