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Nonprofiteer
← FRIENDSHIP TOWER INC

Form 990 for tax year 2025

Filed by FRIENDSHIP TOWER INC.

Totals

Total revenue
-$19,075
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$18
Other revenue
-$19,093
Total assets, end of year
$724,312
Total liabilities, end of year
$3,371,353
Net assets or fund balances, end of year
-$2,647,041
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

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.

  • 3 · Investment income

    total $18 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $1,545,210

  • 6b · Less rental expenses

    real property $1,564,303

  • 6c · Rental income or loss

    real property -$19,093

  • 6d · Net rental income or loss

    total -$19,093 · related or exempt -$19,093

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: HUD SEC 202 HOUSING

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,132 · end of year $23,088

  • 4 · Accounts receivable

    beginning of year $18,943 · end of year $14,175

  • 9 · Prepaid expenses and deferred charges

    beginning of year $130,181 · end of year $0

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

    $5,895,881

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

    $5,395,729

  • 10c · Land, buildings and equipment, net

    beginning of year $148,262 · end of year $500,152

  • 15 · Other assets

    beginning of year $136,894 · end of year $186,897

  • 17 · Accounts payable and accrued expenses

    beginning of year $486,362 · end of year $523,996

  • 19 · Deferred revenue

    beginning of year $6,114 · end of year $5,225

  • 21 · Escrow or custodial account liability

    beginning of year $24,895 · end of year $23,741

  • 23 · Secured mortgages and notes payable

    beginning of year $1,853,198 · end of year $2,057,071

  • 25 · Other liabilities

    beginning of year $697,809 · end of year $761,320

  • 27 · Net assets without donor restrictions

    beginning of year -$2,627,966 · end of year -$2,647,041

Mission and programs · 2025

Mission

A CHURCH SPONSORED HOUSING FOR SENIORS AND HANDICAPPED INDIVIDUALS ENTITYS MISSION AS ESTABLISHED IN CONJUNCTION WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT,IS TO PROVIDE SAFE,DECENT AND LOW

  • OPERATING REVENUE AND EXPENSES ARE ASSOCIATED WITH THE RENTAL ACTIVITIES OF A MULTIFAMILY HOUSINH COMPLEX OPERATING UNDER THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SECTION 202 PROGRAM AS DESCRIBED UNDER THE US NATIONAL HOUSING ACT.

As filed on the 2025 return.

Listed in Part VII

  • Open

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Robert Bozeman

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Grover C Randle Jr

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Carter Coleman Jr

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Viola Blackshear

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mc Moore Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

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.

  • FRIENDSHIP BAPTIST CHURCH

    CHURCH/RELIGIOUS · RELIGIOUS/CHURCH · GA

    Directly controlled by YES

  • FRIENDSHIP BAPTIST LLC

    NONE · MANAGEMENT/GOVERNANCE · GA

    Directly controlled by YES

Provenance

Return type
form_990
Tax year
2025
Filed
1 June 2026
IRS schema version
2025v4.1
Source object
202602319349300040

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