Civic Intelligence

Friendship Homes Inc

EIN 30-0137302 • 501(c)3 • Nashville, TN

Profile

To provide housing to disabled and low income individuals

2508A Blair BlvdNashville, TN 37212

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.22x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

95th percentile

1.12x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

12th percentile

-62%

Higher net margin than 12% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

41st percentile

-8.0%

Faster asset growth than 41% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2025

Revenue Growth

58th percentile

5.2%

Faster revenue growth than 58% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2025

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$421,530

Down $58,498 (-12%) from 2024

Liabilities

Down

$93,018

Down $6,826 (-6.8%) from 2024

Net Assets

Down

$328,512

Down $51,672 (-14%) from 2024

Operations
Liabilities / Revenue95th percentileNet Margin12th percentile

Revenue

Down

$82,927

Down $16,236 (-16%) from 2024

Expenses

Up

$134,599

Up $23,575 (+21%) from 2024

Net Income

Down

-$51,672

Down $39,811 (-336%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth41st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0-$200KAssets 2013: $305,876Liabilities 2013: $387,606Net Assets 2013: -$81,7302013Assets 2015: $339,347Liabilities 2015: $435,974Net Assets 2015: -$96,6272015Assets 2016: $284,988Liabilities 2016: $200,086Net Assets 2016: $84,9022016Assets 2017: $290,817Liabilities 2017: $193,967Net Assets 2017: $96,8502017Assets 2018: $270,059Liabilities 2018: $187,728Net Assets 2018: $82,3312018Assets 2019: $661,584Liabilities 2019: $129,422Net Assets 2019: $532,1622019Assets 2020: $616,659Liabilities 2020: $124,594Net Assets 2020: $492,0652020Assets 2021: $585,458Liabilities 2021: $118,891Net Assets 2021: $466,5672021Assets 2022: $540,550Liabilities 2022: $112,761Net Assets 2022: $427,7892022Assets 2023: $498,435Liabilities 2023: $106,446Net Assets 2023: $391,9892023Assets 2024: $480,028Liabilities 2024: $99,844Net Assets 2024: $380,1842024Assets 2025: $421,530Liabilities 2025: $93,018Net Assets 2025: $328,5122025

Highlighted filing

2025

Assets$421,530
Liabilities$93,018
Net Assets$328,512
Open 2025 Filing

Operations Trend

Revenue Growth58th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2013: $77,229Expenses 2013: $44,569Net Income 2013: $32,6602013Revenue 2015: $57,344Expenses 2015: $49,155Net Income 2015: $8,1892015Revenue 2016: $237,091Expenses 2016: $45,083Net Income 2016: $192,0082016Revenue 2017: $44,597Expenses 2017: $32,648Net Income 2017: $11,9492017Revenue 2018: $43,776Expenses 2018: $58,296Net Income 2018: -$14,5202018Revenue 2019: $512,765Expenses 2019: $62,739Net Income 2019: $450,0262019Revenue 2020: $23,446Expenses 2020: $65,822Net Income 2020: -$42,3762020Revenue 2021: $50,972Expenses 2021: $76,470Net Income 2021: -$25,4982021Revenue 2022: $68,329Expenses 2022: $85,995Net Income 2022: -$17,6662022Revenue 2023: $74,982Expenses 2023: $110,782Net Income 2023: -$35,8002023Revenue 2024: $99,163Expenses 2024: $111,024Net Income 2024: -$11,8612024Revenue 2025: $82,927Expenses 2025: $134,599Net Income 2025: -$51,6722025

Highlighted filing

2025

Revenue$82,927
Expenses$134,599
Net Income-$51,672
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$421,530
Liabilities
$93,018
Net assets
$328,512
Revenue
$82,927
Expenses
$134,599
Net income
-$51,672
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.22$0.93$3.29$0.83$1.35$0.52
2024Detailed filing. Detailed filing data is available for this year.$4.80$1.00$3.80$0.99$1.11$0.12
2023Detailed filing. Detailed filing data is available for this year.$4.98$1.06$3.92$0.75$1.11$0.36
2022Detailed filing. Detailed filing data is available for this year.$5.41$1.13$4.28$0.68$0.86$0.18
2021Detailed filing. Detailed filing data is available for this year.$5.85$1.19$4.67$0.51$0.76$0.25
2020Detailed filing. Detailed filing data is available for this year.$6.17$1.25$4.92$0.23$0.66$0.42
2019Detailed filing. Detailed filing data is available for this year.$6.62$1.29$5.32$5.13$0.63$4.50
2018Detailed filing. Detailed filing data is available for this year.$2.70$1.88$0.82$0.44$0.58$0.15
2017Detailed filing. Detailed filing data is available for this year.$2.91$1.94$0.97$0.45$0.33$0.12
2016Detailed filing. Detailed filing data is available for this year.$2.85$2.00$0.85$2.37$0.45$1.92
2015Detailed filing. Detailed filing data is available for this year.$3.39$4.36$0.97$0.57$0.49$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.06$3.88$0.82$0.77$0.45$0.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jul 24, 2025
Return Version
2024v5.2
Gross Receipts
$82,927
Mission and Program Overview

Mission

To provide housing to disabled and low income individuals

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$380,184$328,512▼ $51,672
Land, Buildings, and Equipment, Net$322,870$298,765▼ $24,105
Cash and Non-Interest-Bearing Accounts$115,186$81,746▼ $33,440
Accounts Receivable$41,972$41,019▼ $953
Total Assets$480,028$421,530▼ $58,498
Liabilities
Mortgage Notes Payable Secured by Investment Property$99,844$93,018▼ $6,826
Total Liabilities$99,844$93,018▼ $6,826
Net Assets / Fund Balance
Total Net Assets Fund Balance$380,184$328,512▼ $51,672
Total Liabilities and Net Assets / Fund Balance$480,028$421,530▼ $58,498

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$298,765$228,336-
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Wallace CartwrightChairmanPT$36,000$36,000
William BassPresidentPT$36,000$36,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$2,557
Other Revenue
$80,370
Change in Net Assets
$-51,672
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$134,599
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$72,000$0$0$72,000
Depreciation Depletion$24,105$0$0$24,105
Other Expenses$5,211$0$0$5,211
Interest$3,376$0$0$3,376
Insurance$2,309$0$0$2,309
Fees for Services Accounting$1,200$0$0$1,200
Total Functional Expenses$134,599$0$0$134,599
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Friendship Homes Inc
EIN
30-0137302
Phone
6156422466
Address
2508A BLAIR BLVD, NASHVILLE, TN 37212

Signing Officer

Name
Wallace Cartwright
Title
Executive Officer
Phone
6156422466
Signed
2025-07-24

Organization Details

Principal Officer
Wallace Cartwright
Formed
2005
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
5

Preparer

Firm
BICE & ASSOCIATES CPA'S
Address
203 DEERFIELD LANE, FRANKLIN, TN 37069
Preparer
Ronald H Bice Jr
Phone
6152921065
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“All members receive a copy to review.”

Pt VI, Line 19

“A copy of return is filed with the Tennessee Secretary of State.”

Raw XML Appendix298 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.

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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/Filer/USAddress/ZIPCd037212
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621225517
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BICE & ASSOCIATES CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0203 DEERFIELD LANE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FRANKLIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037069
ReturnHeader/PreparerPersonGrp/PhoneNum06152921065
ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RONALD H BICE JR
ReturnHeader/ReturnTs02025-07-31T08:08:48-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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