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Nonprofiteer
← FRIENDSHIP SENIOR OPTIONS NFP

Form 990 for tax year 2022

Filed by FRIENDSHIP SENIOR OPTIONS NFP.

Totals

Total revenue
$7,076,350
Total expenses
$6,931,945
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,932,500
Investment income
$104,831
Other revenue
$39,019
Total assets, end of year
$8,162,664
Total liabilities, end of year
$10,696,971
Net assets or fund balances, end of year
-$2,534,307
Program services expenses (Part IX)
$1,585,356
Management and general expenses
$5,346,589
Fundraising expenses
$0
Program service expenses (Part III)
$1,585,356

Program services were 22.9% 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 $6,932,500 · related or exempt $6,932,500

  • 3 · Investment income

    total $104,831 · excluded $104,831

  • 11a · Other revenue: PHARMACY

    total $30,037 · related or exempt $30,037

  • 11b · Other revenue: SPA/SALON REVENUE

    total $8,848 · related or exempt $8,848

  • 11c · Other revenue: MISC INCOME

    total $134 · related or exempt $134

  • 11e · Other revenue, total

    $39,019

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $763,253 · program services $42,100 · management and general $721,153

  • 7 · Other salaries and wages

    total $1,464,592 · program services $82,153 · management and general $1,382,439

  • 9 · Other employee benefits

    total $441,186 · program services $24,606 · management and general $416,580

  • 10 · Payroll taxes

    total $161,863 · program services $9,028 · management and general $152,835

  • 11b · Fees: legal

    total $793,842 · management and general $793,842

  • 11c · Fees: accounting

    total $190,317 · management and general $190,317

  • 11f · Fees: investment management

    total $6,750 · program services $6,750

  • 11g · Fees: other

    total $950,361 · program services $26,567 · management and general $923,794

  • 13 · Office expenses

    total $308,977 · program services $55,240 · management and general $253,737

  • 14 · Information technology

    total $1,056,751 · program services $1,056,751

  • 17 · Travel

    total $8,310 · program services $8,310

  • 19 · Conferences, conventions and meetings

    total $13,466 · program services $5,919 · management and general $7,547

  • 20 · Interest

    total $503,058 · management and general $503,058

  • 22 · Depreciation, depletion and amortization

    total $1,225 · management and general $1,225

  • 23 · Insurance

    total $220,108 · program services $220,108

  • 24a · Other expenses: MEMBERSHIP & DUES

    total $47,024 · program services $47,024

  • 24b · Other expenses: SPECIAL EVENTS

    total $800 · program services $800

  • 24c · Other expenses: RECRUITMENT

    total $62 · management and general $62

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year -$4

  • 2 · Savings and temporary cash investments

    beginning of year $614,043 · end of year $750,918

  • 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 $628,589 · end of year $1,219,226

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

    $2,437,318

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

    $174,722

  • 10c · Land, buildings and equipment, net

    beginning of year $2,258,706 · end of year $2,262,596

  • 11 · Investments: publicly traded securities

    beginning of year $616,176 · end of year $424,739

  • 12 · Investments: other securities

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

  • 15 · Other assets

    beginning of year $1,488,547 · end of year $94,135

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,520,467 · end of year $2,128,931

  • 23 · Secured mortgages and notes payable

    beginning of year $9,677,402 · end of year $0

  • 25 · Other liabilities

    beginning of year $8,499,001 · end of year $8,568,040

  • 27 · Net assets without donor restrictions

    beginning of year -$10,679,755 · end of year -$2,534,307

Mission and programs · 2022

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 $1,585,356 · Revenue $6,971,519

As filed on the 2022 return.

Listed in Part VII

  • Geoff Roehll

    PAST CHAIR & SECRETARY

    Total calculated
    $2,250
    From this org
    $1,650
    From related orgs
    $600
    Other
    $0
    Hours/week
    0.4 + 0.4 related

  • Clark Delanois

    CHAIR

    Total calculated
    $2,550
    From this org
    $2,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.7

  • Brad Barrie

    DIRECTOR

    Total calculated
    $1,800
    From this org
    $1,200
    From related orgs
    $600
    Other
    $0
    Hours/week
    0.3 + 0.4 related

  • Catherine Tardy

    SECRETARY

    Total calculated
    $1,950
    From this org
    $1,200
    From related orgs
    $750
    Other
    $0
    Hours/week
    0.3 + 0.2 related

  • Mary Sheahen

    VICE CHAIR

    Total calculated
    $1,950
    From this org
    $1,200
    From related orgs
    $750
    Other
    $0
    Hours/week
    0.3 + 0.2 related

  • Connie Shoemake

    DIRECTOR

    Total calculated
    $1,200
    From this org
    $600
    From related orgs
    $600
    Other
    $0
    Hours/week
    0.2 + 0.4 related

  • William Powell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.2

  • Loren Trimble

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 0.2 related

  • Michael Flynn

    CEO

    Total calculated
    $321,916
    From this org
    $297,935
    From related orgs
    $0
    Other
    $23,981
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $267,378
    Bonus
    $30,000
    Other
    $557
    Deferred
    $0
    Nontaxable benefits
    $23,981
    Filer's total
    $321,916

  • Jeff Nyberg

    CONTROLLER

    Total calculated
    $145,932
    From this org
    $136,144
    From related orgs
    $0
    Other
    $9,788
    Hours/week
    40

  • Joshua Flaim

    DIRECTOR, HUMAN RESOURCES

    Total calculated
    $142,734
    From this org
    $128,474
    From related orgs
    $0
    Other
    $14,260
    Hours/week
    40

  • Stacy J Gordon

    DIRECTOR, RISK MANAGEMENT

    Total calculated
    $147,335
    From this org
    $123,519
    From related orgs
    $0
    Other
    $23,816
    Hours/week
    40

  • Mark Zullo

    VICE PRESIDENT - MARKETING

    Total calculated
    $230,795
    From this org
    $206,871
    From related orgs
    $0
    Other
    $23,924
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $206,871
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,924
    Filer's total
    $230,795

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
2022
Filed
9 February 2024
IRS schema version
2022v5.0
Source object
202400409349300340

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