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Friendship Senior Options Nfp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 201278553 ✦ Schaumburg, IL ✦ Designated as a 501(c)(3)

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Overview

What is Friendship Senior Options Nfp?

Friendship Senior Options Nfp is a supporting organization, as defined by Section 509(A)(3) of the Internal Revenue Code, primarily dedicated to aiding related entities that maintain their exemption from federal income taxation under Section 501(C)(3). Based in Schaumburg, Illinois, this nonprofit organization aims to offer exceptional services to seniors throughout their lives. With a substantial workforce of 1036 employees, Friendship Senior Options Nfp is committed to keeping friendship at the heart of its operations, ensuring seniors receive the care they need during various stages of their journey.


Official website here: www.friendshipsenioroptions.org

Is Friendship Senior Options Nfp legitimate?

Friendship Senior Options Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friendship Senior Options Nfp 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:

Executive Compensation: $823,999
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,654,512

For more financial information, click here


Official website here: www.friendshipsenioroptions.org

What is the mission statement of Friendship Senior Options Nfp?

Friendship Senior Options Nfp is committed to providing exceptional services to seniors throughout their life journey. They prioritize maintaining a sense of friendship in all their endeavors, ensuring that seniors receive the best possible care and support. Operating as a supporting organization, Friendship Senior Options Nfp works to further the goals of related entities, all of which must continue to maintain their tax-exempt status under Section 501(c)(3) of the U.S. Code.


Official website here: www.friendshipsenioroptions.org

Who is the CEO of Friendship Senior Options Nfp?

Michael Flynn is the Past Chair of Friendship Senior Options Nfp. The CEO's salary of Friendship Senior Options Nfp is $264,190 and their total compensation is $288,531.


Official website here: www.friendshipsenioroptions.org

What is the revenue of Friendship Senior Options Nfp?

Friendship Senior Options Nfp's revenue in 2022 was $7,371,857.


Official website here: www.friendshipsenioroptions.org

Who are the executives of Friendship Senior Options Nfp and what are their salaries?

The average compensation at Friendship Senior Options Nfp during 2022 was $2,392. There are 1036 employees at Friendship Senior Options Nfp.


Here are 19 key members and their salaries (Friendship Senior Options Nfp's CEO's salary is $264,190 and their total compensation is $288,531):


Geoff Roehll (Past Chair)
  • Compensation: $6,000
  • Related: $0
  • Other: $0
Clark Delanois (Chair)
  • Compensation: $6,000
  • Related: $0
  • Other: $0
Brad Barrie (Director)
  • Compensation: $2,700
  • Related: $0
  • Other: $0
Thomas Castronovo (Director)
  • Compensation: $2,550
  • Related: $0
  • Other: $0
Catherine Tardy (Secretary)
  • Compensation: $4,800
  • Related: $0
  • Other: $0
Loren Trimble (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Sheahen (Vice Chair)
  • Compensation: $4,650
  • Related: $0
  • Other: $0
Jean Schlinkmann (Director)
  • Compensation: $1,650
  • Related: $0
  • Other: $0
Connie Shoemake (Director)
  • Compensation: $2,100
  • Related: $0
  • Other: $0
Bill Bowne (Director)
  • Compensation: $1,350
  • Related: $0
  • Other: $0
William Powell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Rivera (Director)
  • Compensation: $1,800
  • Related: $0
  • Other: $0
Stephen Yenchek (President & Ceo (Through July 2021))
  • Compensation: $405,999
  • Related: $0
  • Other: $9,203
Michael Flynn (Cfo And Ceo (Starting July 2021))
  • Compensation: $264,190
  • Related: $0
  • Other: $24,341
Patricia Mash (Vp, Planning & Marketing)
  • Compensation: $194,779
  • Related: $0
  • Other: $1,071
Jeff Nyberg (Controller)
  • Compensation: $122,440
  • Related: $0
  • Other: $9,774
Richard J Zielinski (Director, Financial Report)
  • Compensation: $118,505
  • Related: $0
  • Other: $904
Joshua Flaim (Director, Human Resources)
  • Compensation: $116,941
  • Related: $0
  • Other: $18,711
Stacy J Gordon (Director, Risk Management)
  • Compensation: $101,130
  • Related: $0
  • Other: $23,673


Official website here: www.friendshipsenioroptions.org

Where can I find the form 990 for Friendship Senior Options Nfp?

Friendship Senior Options Nfp's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.friendshipsenioroptions.org

Learn more at the official website: www.friendshipsenioroptions.org

Mission Statement of Friendship Senior Options Nfp

Friendship Senior Options Nfp, as a supporting organization, is dedicated to providing exceptional services to seniors throughout their life journey. At the heart of its operations, Friendship Senior Options keeps friendship at the forefront, ensuring that every service offered is aimed at enriching the lives of its senior clients. The organization's mission is to support related entities that share its exempt status under Section 501(c)(3) of the federal tax code, as long as they continue to maintain their own tax-exempt status. Friendship Senior Options Nfp's commitment to senior care is reflected in its mission to offer services that prioritize the well-being and quality of life for seniors, making it a trusted and valuable entity in the nonprofit sector.

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Impact




October, 2024

Friendship Senior Options Nfp impacts the lives of seniors by providing exceptional services that support their well-being at every stage of life. By placing friendship at the core of its mission, the organization fosters a sense of community and connection, essential for combating loneliness and enhancing the quality of life for older adults.

In Schaumburg, Illinois, Friendship Senior Options addresses the diverse needs of seniors, offering housing and various supportive services tailored to individual circumstances. This commitment to maintaining high standards of care ensures that seniors receive the assistance they require while retaining their dignity and independence. By creating environments where friendships flourish, the organization not only improves the daily experiences of its residents but also contributes to a more vibrant and supportive senior community.

Through its operations, Friendship Senior Options plays a crucial role in enriching the lives of seniors, helping them navigate life's challenges with compassion and friendship at the forefront.




This information is meant to be a general summary of Friendship Senior Options Nfp. 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.

Revenue
$7,371,857 (2022)
Expenses
$6,951,163 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $179,703
  • Program Service Revenue: $7,077,996
  • Gross Receipts: $7,371,857

Assets and Liabilities:

  • Total Assets: $9,017,115
  • Total Liabilities: $19,696,870
  • Net Assets: -$10,679,755

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MANAGEMENT FEES

Revenue

$7,077,996

Organization Details

Founding Year

2003

Principal Officer

Michael Flynn

Main Address

350 W SCHAUMBURG ROAD, SCHAUMBURG, IL, 60194

NTEE Category

Code: L02 - Housing

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