Civic Intelligence

Friendship Homes Inc.

990 • Fiscal year 2017 • EIN 55-6023566

Oct 01, 2016 to Sep 30, 2017 • Filed on Jun 12, 2018

501 Van Voorhis RoadMorgantown, WV 26505

(304) 599-0140

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.82x

Higher debt load relative to assets than 93% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

96th percentile

1.09x

Higher debt load relative to revenue than 96% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

31st percentile

-4.2%

Higher net margin than 31% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

27th percentile

-12%

Faster asset growth than 27% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

39th percentile

-5.3%

Faster revenue growth than 39% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$457,565

Down $59,897 (-12%) from 2016

Net Assets

Down

$80,651

Down $14,418 (-15%) from 2016

Liabilities

Down

$376,914

Down $45,479 (-11%) from 2016

Revenue

Down

$344,805

Down $19,348 (-5.3%) from 2016

Expenses

Down

$359,223

Down $25,759 (-6.7%) from 2016

Net Income

Up

-$14,418

Up $6,411 (+31%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $713,749Liabilities 2011: $551,788Net Assets 2011: $161,9612011Assets 2012: $699,824Liabilities 2012: $492,461Net Assets 2012: $207,3632012Assets 2013: $648,220Liabilities 2013: $473,035Net Assets 2013: $175,1852013Assets 2014: $597,379Liabilities 2014: $474,102Net Assets 2014: $123,2772014Assets 2015: $569,725Liabilities 2015: $453,827Net Assets 2015: $115,8982015Assets 2016: $517,462Liabilities 2016: $422,393Net Assets 2016: $95,0692016Assets 2017: $457,565Liabilities 2017: $376,914Net Assets 2017: $80,6512017Assets 2018: $460,565Liabilities 2018: $371,781Net Assets 2018: $88,7842018Assets 2019: $400,389Liabilities 2019: $318,648Net Assets 2019: $81,7412019Assets 2020: $335,518Liabilities 2020: $304,159Net Assets 2020: $31,3592020Assets 2021: $287,220Liabilities 2021: $272,633Net Assets 2021: $14,5872021Assets 2022: $287,083Liabilities 2022: $238,353Net Assets 2022: $48,7302022Assets 2023: $225,795Liabilities 2023: $246,349Net Assets 2023: -$20,5542023Assets 2024: $2,253,592Liabilities 2024: $241,965Net Assets 2024: $2,011,6272024

Highlighted filing

2017

Assets$457,565
Liabilities$376,914
Net Assets$80,651

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $599,555Expenses 2011: $331,735Net Income 2011: $267,8202011Revenue 2012: $404,117Expenses 2012: $358,715Net Income 2012: $45,4022012Revenue 2013: $337,911Expenses 2013: $370,089Net Income 2013: -$32,1782013Revenue 2014: $323,652Expenses 2014: $375,560Net Income 2014: -$51,9082014Revenue 2015: $354,454Expenses 2015: $361,833Net Income 2015: -$7,3792015Revenue 2016: $364,153Expenses 2016: $384,982Net Income 2016: -$20,8292016Revenue 2017: $344,805Expenses 2017: $359,223Net Income 2017: -$14,4182017Revenue 2018: $352,874Expenses 2018: $344,741Net Income 2018: $8,1332018Revenue 2019: $419,562Expenses 2019: $426,606Net Income 2019: -$7,0442019Revenue 2020: $392,686Expenses 2020: $443,068Net Income 2020: -$50,3822020Revenue 2021: $263,041Expenses 2021: $294,143Net Income 2021: -$31,1022021Revenue 2022: $304,659Expenses 2022: $285,932Net Income 2022: $18,7272022Revenue 2023: $188,413Expenses 2023: $291,099Net Income 2023: -$102,6862023Revenue 2024: $2,246,811Expenses 2024: $214,671Net Income 2024: $2,032,1402024

Highlighted filing

2017

Revenue$344,805
Expenses$359,223
Net Income-$14,418
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Jun 12, 2018
Return Version
2016v3.1
Gross Receipts
$344,805
Mission and Program Overview

Mission

Friendship homes operates a 49 unit non-profit apartment complex for independent seniors of moderate means.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$392,962$335,477▼ $57,485
Savings and Temporary Cash Investments$21,233$15,202▼ $6,031
Prepaid Expenses and Deferred Charges$7,614$7,612▼ $2
Accounts Receivable$1,295$2,282▲ $987
Inventories for Sale or Use$1,887$1,856▼ $31
Cash and Non-Interest-Bearing Accounts$1,411--
Total Assets$517,462$457,565▼ $59,897
Other Assets Total$91,060$95,136▲ $4,076
Liabilities
Other Liabilities$201,760$199,110▼ $2,650
Mortgage Notes Payable Secured by Investment Property$190,453$159,148▼ $31,305
Accounts Payable and Accrued Expenses$30,180$18,656▼ $11,524
Total Liabilities$422,393$376,914▼ $45,479
Net Assets / Fund Balance
Unrestricted Net Assets$95,069$80,651▼ $14,418
Total Net Assets Fund Balance$95,069$80,651▼ $14,418
Total Liabilities and Net Assets / Fund Balance$517,462$457,565▼ $59,897

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$288,625$1,330,415$1,619,040
Equipment$29,076$216,867$245,943
Land$17,776-$17,776
Other Assets Org$3,712--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jacques WilliamsPresident
Charlotte RoseDirector
James CaravasosDirector
Karl YagleDirector
Robert JosephDirector
Pam YagleSecretary
James AlexanderVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$12,000
Program Service Revenue
$332,387
Investment Income
$418
Other Revenue
$0
Change in Net Assets
$-14,418

Audited Revenue Reconciliation

Revenue per Audited Statements
$344,805
Total Revenue per Audited Statements
$344,805
Total Revenue per Form 990
$344,805
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$359,223
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
Occupancy$85,734--$85,734
Depreciation Depletion$76,561--$76,561
Insurance$26,788--$26,788
Other Expenses$25,163$23,842-$23,842
Fees for Services Management-$21,198-$21,198
All Other Expenses$16,422$1,645-$18,067
Interest$5,207--$5,207
Fees for Services Accounting-$5,200-$5,200
Office Expenses-$1,762-$1,762
Advertising-$658-$658
Total Functional Expenses$304,918$54,305$0$359,223

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$359,223
Total Expenses per Audited Statements$359,223
Total Expenses per Form 990$359,223
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prior Years Management Fees$182,719
Tenant Security Deposits$16,391
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Pam yagle karl yagle bd secretary director husband and wife

Form 990, Page 6, Part VI, Line 3

Friendship homes inc. Delegated the management of friendship manor, their sole asset, to fmha management, inc. Fmha management, inc. Manages all routine operations and the related financial activities.

Form 990, Page 6, Part VI, Line 7A

Nominations to the friendship homes, inc. Board of directors are approved by morgantown kiwanis club members who are present at the annual meeting of the morgantown kiwanis club and friendship homes, inc.

Form 990, Page 6, Part VI, Line 7B

The board of directors shall have the entire and complete control in the management of the corporation, including the power to sell, mortgage, or otherwise alienate any real estate held by the corporation without corporate action by the members, except as to such matters as by statute that must be submitted to the members.

Form 990, Page 6, Part VI, Line 11B

Board receives and reviews the form 990 prior to filing.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Friendship Homes Inc
EIN
55-6023566
Phone
3045990140
Address
501 VAN VOORHIS ROAD, MORGANTOWN, WV 26505

Signing Officer

Name
Jacques Williams
Title
President
Phone
3045990140
Signed
2018-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacques Williams
Formed
1958
Legal Domicile
Wv
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Ellis & Ellis Pllc
Address
500 VIRGINIA ST E STE 1000, CHARLESTON, WV 25301
Preparer
Kimberly K Williams
Phone
3043424169
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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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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0694
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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleA/PublicSupportPY509Pct00.99810
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0344387
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0363841
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0354043
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0332366
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0337217
IRS990ScheduleA/Total509Grp/TotalAmt01731854
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0344805
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0364153
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0354454
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0332773
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0337911
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01734096
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0288625
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01330415
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01619040
IRS990ScheduleD/EquipmentGrp/BookValueAmt029076
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0216867
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0245943
IRS990ScheduleD/ExpensesSubtotalAmt0359223
IRS990ScheduleD/LandGrp/BookValueAmt017776
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt017776
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt067852
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt123572
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23712
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2MORTGAGE ESCROW
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0182719
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt116391
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PRIOR YEARS MANAGEMENT FEES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0344805
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0335477
IRS990ScheduleD/TotalBookValueOtherAssetsAmt095136
IRS990ScheduleD/TotalExpensesPerForm990Amt0359223
IRS990ScheduleD/TotalLiabilityAmt0199110
IRS990ScheduleD/TotalRevenuePerForm990Amt0344805
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0344805
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0359223
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PAM YAGLE KARL YAGLE BD SECRETARY DIRECTOR HUSBAND AND WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FRIENDSHIP HOMES INC. DELEGATED THE MANAGEMENT OF FRIENDSHIP MANOR, THEIR SOLE ASSET, TO FMHA MANAGEMENT, INC. FMHA MANAGEMENT, INC. MANAGES ALL ROUTINE OPERATIONS AND THE RELATED FINANCIAL ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NOMINATIONS TO THE FRIENDSHIP HOMES, INC. BOARD OF DIRECTORS ARE APPROVED BY MORGANTOWN KIWANIS CLUB MEMBERS WHO ARE PRESENT AT THE ANNUAL MEETING OF THE MORGANTOWN KIWANIS CLUB AND FRIENDSHIP HOMES, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS SHALL HAVE THE ENTIRE AND COMPLETE CONTROL IN THE MANAGEMENT OF THE CORPORATION, INCLUDING THE POWER TO SELL, MORTGAGE, OR OTHERWISE ALIENATE ANY REAL ESTATE HELD BY THE CORPORATION WITHOUT CORPORATE ACTION BY THE MEMBERS, EXCEPT AS TO SUCH MATTERS AS BY STATUTE THAT MUST BE SUBMITTED TO THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD RECEIVES AND REVIEWS THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0457565
IRS990/TotalAssetsGrp/BOYAmt0517462
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt012000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt054305
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0304918
IRS990/TotalFunctionalExpensesGrp/TotalAmt0359223
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0422393
IRS990/TotalLiabilitiesEOYAmt0376914
IRS990/TotalLiabilitiesGrp/BOYAmt0422393
IRS990/TotalLiabilitiesGrp/EOYAmt0376914
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt095069
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt080651
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0139
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0139
IRS990/TotalProgramServiceExpensesAmt0304918
IRS990/TotalProgramServiceRevenueAmt0332387
IRS990/TotalRevenueGrp/ExclusionAmt0418
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0332387
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0344805
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0517462
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0457565
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt095069
IRS990/UnrestrictedNetAssetsGrp/EOYAmt080651
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JACQUES WILLIAMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03045990140
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRIENDSHIP HOMES INC
ReturnHeader/Filer/BusinessNameControlTxt0FRIE
ReturnHeader/Filer/EIN0556023566
ReturnHeader/Filer/PhoneNum03045990140
ReturnHeader/Filer/USAddress/AddressLine1Txt0501 VAN VOORHIS ROAD
ReturnHeader/Filer/USAddress/CityNm0MORGANTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WV
ReturnHeader/Filer/USAddress/ZIPCd026505
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0BDF4A4FD54EA307C2645CCAE7B757DB37FC2A93C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0EE44B53B25EB4FA29A992A9C223D6A7EADA8F730
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0550771644
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ELLIS & ELLIS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 VIRGINIA ST E STE 1000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLESTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd025301
ReturnHeader/PreparerPersonGrp/PhoneNum03043424169
ReturnHeader/PreparerPersonGrp/PreparationDt02018-08-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIMBERLY K WILLIAMS
ReturnHeader/ReturnTs02018-08-02T07:32:05-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-10-01
ReturnHeader/TaxPeriodEndDt02017-09-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.25$0.24$2.01$2.25$0.21$2.03
2023Detailed filing. Detailed filing data is available for this year.$0.23$0.25$0.02$0.19$0.29$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.24$0.05$0.30$0.29$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.29$0.27$0.01$0.26$0.29$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.34$0.30$0.03$0.39$0.44$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.40$0.32$0.08$0.42$0.43$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.46$0.37$0.09$0.35$0.34$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.46$0.38$0.08$0.34$0.36$0.01
2016Summary only. Only limited summary data is available for this year.$0.52$0.42$0.10$0.36$0.38$0.02
2015Summary only. Only limited summary data is available for this year.$0.57$0.45$0.12$0.35$0.36$0.01
2014Summary only. Only limited summary data is available for this year.$0.60$0.47$0.12$0.32$0.38$0.05
2013Summary only. Only limited summary data is available for this year.$0.65$0.47$0.18$0.34$0.37$0.03
2012Summary only. Only limited summary data is available for this year.$0.70$0.49$0.21$0.40$0.36$0.05
2011Summary only. Only limited summary data is available for this year.$0.71$0.55$0.16$0.60$0.33$0.27