Overview
What is Friends Development Corporation?
Friends Development Corporation is a nonprofit organization situated in Boston, Massachusetts, specifically at 12 Wise Street. Their primary mission is to provide transitional housing for formerly homeless individuals who are employed. They operate a total of 21 units across three homes, aiming to offer a supportive environment for these individuals as they rebuild their lives. The corporation's goal is to assist these individuals in regaining stability and independence.
Is Friends Development Corporation legitimate?
Friends Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $7,265
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What is the mission statement of Friends Development Corporation?
The Friends Development Corporation's mission is centered around operating transitional homes. This organization specifically focuses on providing shelters for individuals who were previously homeless and are now employed. Currently, they manage three such homes, offering a total of 21 units. The corporation's primary objective is to assist these individuals in their transition back into independent living.
Who is the CEO of Friends Development Corporation?
John E Rosenthal is the President And Director of Friends Development Corporation.
What is the revenue of Friends Development Corporation?
Friends Development Corporation's revenue in 2022 was $250,677.
Who are the executives of Friends Development Corporation and what are their salaries?
There 16 volunteers at Friends Development Corporation.
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- Related: $126,496
- Other: $28,652
Where can I find the form 990 for Friends Development Corporation?
Friends Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Development Corporation
Friends Development Corporation, as stated in its official documentation, is dedicated to operating transitional homes for formerly homeless individuals who are employed. This mission is aimed at providing a supportive living environment for these individuals as they transition back into independent living. The organization operates a total of three transitional homes, housing a collective 21 units. These homes serve as stepping stones for the individuals, offering them a secure and structured environment to regain their footing and reintegrate into society. By providing transitional homes, Friends Development Corporation plays a crucial role in helping formerly homeless individuals overcome their challenges and rebuild their lives with dignity and self-sufficiency.
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Impact
October, 2024
Friends Development Corporation operates three transitional homes in Boston, providing a total of 21 units for formerly homeless individuals. By offering stable housing, the organization plays a crucial role in supporting individuals in their journey towards self-sufficiency. Its mission focuses on helping working individuals who have experienced homelessness, facilitating their transition back into the community. This initiative not only addresses immediate housing needs but also fosters a supportive environment that promotes empowerment and stability for its residents. The impact of Friends Development Corporation is evident in the enhanced quality of life for its residents, as they regain independence while receiving the necessary resources to thrive.
This information is meant to be a general summary of Friends Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $9
- Program Service Revenue: $126,770
- Gross Receipts: $250,677
Assets and Liabilities:
- Total Assets: $1,035,304
- Total Liabilities: $994,530
- Net Assets: $40,774
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRANSITIONAL HOMES
Revenue
$126,770
Organization Details
Founding Year
1990
Phone
(617) 942-8671Principal Officer
John E Rosenthal
Main Address
12 WISE STREET, BOSTON, MA, 02130
NTEE Category
Code: L25 - Housing
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