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Nonprofiteer
← FRIENDSHIP SENIOR OPTIONS NFP

Form 990 for tax year 2023

Filed by FRIENDSHIP SENIOR OPTIONS NFP.

Totals

Total revenue
$5,382,997
Total expenses
$12,017,058
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,458,723
Investment income
-$1,099,972
Other revenue
$24,246
Total assets, end of year
$6,779,497
Total liabilities, end of year
$8,433,901
Net assets or fund balances, end of year
-$1,654,404
Program services expenses (Part IX)
$1,444,722
Management and general expenses
$10,572,336
Fundraising expenses
$0
Program service expenses (Part III)
$1,444,722

Program services were 12.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MANAGEMENT FEES

    total $6,458,723 · related or exempt $6,458,723

  • 3 · Investment income

    total $67,789 · excluded $67,789

  • 7a · Gross sales of assets other than inventory

    securities $419,739

  • 7b · Less cost or other basis and sales expenses

    securities $1,587,500

  • 7c · Gain or loss

    securities -$1,167,761

  • 7d · Net gain or loss

    total -$1,167,761 · unrelated business -$1,167,761

  • 11a · Other revenue: PHARMACY

    total $16,807 · related or exempt $16,807

  • 11b · Other revenue: SPA/SALON REVENUE

    total $7,439 · related or exempt $7,439

  • 11e · Other revenue, total

    $24,246

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $805,483 · program services $48,530 · management and general $756,953

  • 7 · Other salaries and wages

    total $900,655 · program services $55,778 · management and general $844,877

  • 9 · Other employee benefits

    total $357,329 · program services $21,846 · management and general $335,483

  • 10 · Payroll taxes

    total $110,240 · program services $6,740 · management and general $103,500

  • 11b · Fees: legal

    total $1,112,903 · management and general $1,112,903

  • 11c · Fees: accounting

    total $92,242 · management and general $92,242

  • 11g · Fees: other

    total $670,115 · program services $19,908 · management and general $650,207

  • 13 · Office expenses

    total $160,295 · program services $34,900 · management and general $125,395

  • 14 · Information technology

    total $772,142 · program services $772,142

  • 17 · Travel

    total $592 · program services $592

  • 19 · Conferences, conventions and meetings

    total $3,056 · management and general $3,056

  • 22 · Depreciation, depletion and amortization

    total $612 · management and general $612

  • 23 · Insurance

    total $477,748 · program services $477,748

  • 24a · Other expenses: BAD DEBT

    total $6,546,647 · management and general $6,546,647

  • 24b · Other expenses: MEMBERSHIP & DUES

    total $6,538 · program services $6,538

  • 24c · Other expenses: RECRUITMENT

    total $461 · management and general $461

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $750,914 · end of year $1,925,901

  • 7 · Other notes and loans receivable

    beginning of year $3,247,327 · end of year $3,247,327

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,219,226 · end of year $673,923

  • 10a · Land, buildings and equipment: cost or other basis

    $849,818

  • 10b · Land, buildings and equipment: accumulated depreciation

    $175,334

  • 10c · Land, buildings and equipment, net

    beginning of year $2,262,596 · end of year $674,484

  • 11 · Investments: publicly traded securities

    beginning of year $424,739 · end of year $0

  • 12 · Investments: other securities

    beginning of year $163,727 · end of year $163,727

  • 15 · Other assets

    beginning of year $94,135 · end of year $94,135

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,128,931 · end of year $582,596

  • 25 · Other liabilities

    beginning of year $8,568,040 · end of year $7,851,305

  • 27 · Net assets without donor restrictions

    beginning of year -$2,534,307 · end of year -$1,654,404

Mission and programs · 2023

Mission

KEEPING FRIENDSHIP AT THE CENTER OF EVERYTHING WE DO, FRIENDSHIP SENIOR OPTIONS OFFERS EXCEPTIONAL SERVICES TO SENIORS ALONG LIFE'S JOURNEY.

Activities or mission (Part I)

TO OFFER EXCEPTIONAL SERVICES TO SENIORS ALONG LIFE'S JOURNEY.

  • THE CORPORATION, WHICH IS INTENDED TO BE A "SUPPORTING ORGANIZATION" (AS THAT TERM IS DEFINED IN SECTION 509(A)(3) OF THE CODE AND IN TREASURY REGULATION 1.509(A)-4(I)), OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF RELATED ENTITIES, SO LONG AS EACH ORGANIZATION CONTINUES TO QUALIFY AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(3) OF THE CODE.

    Expenses $1,444,722 · Revenue $6,482,969

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Geoff Roehll

    PAST CHAIR & SECRETARY

    Total calculated
    $3,750
    From this org
    $3,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.2 + 1 related

  • Clark Delanois

    CHAIR

    Total calculated
    $4,050
    From this org
    $4,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Loren Trimble

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 0.2 related

  • Michael Flynn

    CEO

    Total calculated
    $323,638
    From this org
    $299,278
    From related orgs
    $0
    Other
    $24,360
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $266,899
    Bonus
    $0
    Other
    $32,379
    Deferred
    $0
    Nontaxable benefits
    $24,360
    Filer's total
    $323,638

  • Jeff Nyberg

    CONTROLLER

    Total calculated
    $201,597
    From this org
    $191,633
    From related orgs
    $0
    Other
    $9,964
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,871
    Bonus
    $34,319
    Other
    $16,443
    Deferred
    $0
    Nontaxable benefits
    $9,964
    Filer's total
    $201,597

  • Stacy J Gordon

    DIRECTOR, RISK MANAGEMENT

    Total calculated
    $163,251
    From this org
    $139,027
    From related orgs
    $0
    Other
    $24,224
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,964
    Bonus
    $0
    Other
    $11,063
    Deferred
    $0
    Nontaxable benefits
    $24,224
    Filer's total
    $163,251

  • Mark Zullo

    VICE PRESIDENT - MARKETING

    Total calculated
    $344,825
    From this org
    $320,225
    From related orgs
    $0
    Other
    $24,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,323
    Bonus
    $53,148
    Other
    $56,754
    Deferred
    $0
    Nontaxable benefits
    $24,600
    Filer's total
    $344,825

  • Jeffery A Schweitzer

    FINANCE MANAGER

    Total calculated
    $115,846
    From this org
    $106,450
    From related orgs
    $0
    Other
    $9,396
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • FRIENDSHIP VILLAGE NEIGHBORHOOD SERVICES

    C · SERVICE · IL · 100% owned · controlled entity

    Directly controlled by 20-1278553

Provenance

Return type
form_990
Tax year
2023
Filed
17 February 2025
IRS schema version
2023v6.0
Source object
202520489349301222

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