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Friendship Homes Inc

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

EIN: 556023566 ✦ Morgantown, WV ✦ Designated as a 501(c)(3)

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Overview

What is Friendship Homes Inc?

Friendship Homes Inc is a nonprofit organization located at 501 Van Vorhis Road, Morgantown, West Virginia (WV 26505). Their primary mission is to provide affordable housing for elderly and disabled individuals, operating a 49-unit apartment complex. The organization ensures all expenses are attributed to the facility, and they employ a team of 7 individuals. By offering a safe and supportive living environment, Friendship Homes Inc aims to enhance the quality of life for those in need, empowering them to live independently with dignity.

Is Friendship Homes Inc legitimate?

Friendship Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friendship Homes Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $81,011

For more financial information, click here

What is the mission statement of Friendship Homes Inc?

Friendship Homes Inc operates a 49-unit non-profit independent living apartment complex, catering to elderly or handicapped individuals of moderate means. The organization's primary mission is to provide a living space for these individuals, ensuring their independence while managing all associated expenses within the facility. This non-profit organization aims to contribute positively to the lives of its residents, offering them a secure and supportive environment.

Who is the CEO of Friendship Homes Inc?

Jacques Williams is the Vice Preside of Friendship Homes Inc.

What is the revenue of Friendship Homes Inc?

Friendship Homes Inc's revenue in 2022 was $304,659.

Who are the executives of Friendship Homes Inc and what are their salaries?

The average compensation at Friendship Homes Inc during 2022 was $11,573. There are 7 employees at Friendship Homes Inc.


Here are 5 key members and their salaries:


James Alexander (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Joseph (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacques Williams (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karl Yagle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pam Yagle (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Friendship Homes Inc?

Friendship Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Friendship Homes Inc

Friendship Homes Inc is dedicated to providing independent living accommodations for elderly or handicapped individuals of moderate means. This non-profit organization operates a 49-unit apartment complex, where all expenses are attributed to the facility. The mission of Friendship Homes Inc is to offer a comfortable and supportive environment for its residents, enabling them to maintain their independence and dignity. By providing affordable housing, Friendship Homes Inc plays a vital role in empowering its residents to live fulfilling lives, despite their age or physical limitations. The organization's commitment to the well-being of its residents underscores its mission to create a welcoming and inclusive community, where every individual can thrive.

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Impact




October, 2024

Friendship Homes Inc significantly enhances the quality of life for elderly and disabled individuals in Morgantown, WV, through its 49-unit independent living apartment complex. By providing affordable housing tailored for those of moderate means, it offers a secure and supportive environment where residents can maintain their independence while having access to essential services. The facility fosters a sense of community among its residents, reducing feelings of isolation and promoting social connections. With a focus on human services, Friendship Homes Inc plays a vital role in meeting the needs of vulnerable populations, ensuring they have a safe, comfortable place to call home.




This information is meant to be a general summary of Friendship Homes Inc. 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
$304,659 (2022)
Expenses
$285,932 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $414
  • Program Service Revenue: $234,245
  • Gross Receipts: $304,659

Assets and Liabilities:

  • Total Assets: $287,083
  • Total Liabilities: $238,353
  • Net Assets: $48,730

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Programs

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

RENTAL INCOME-APARTMENTS

Revenue

$179,627

FOOD SERVICE INCOME

Revenue

$52,723

OTHER REVENUE:LAUNDRY & VENDI

Revenue

$1,895

Organization Details

Founding Year

1958

Principal Officer

Jacques Williams

Main Address

501 VAN VOORHIS RD, MORGANTOWN, WV, 26505

NTEE Category

Code: P75Z - Human services

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