Friendship Homes Inc in Nashville, Tennessee (TN)
Table of contents:
Friendship Homes Inc | |
Employer Identification Number (EIN) | 300137302 |
Name of Organization | Friendship Homes Inc |
In Care of Name | Wallace Cartwright |
Address | 2508 Blair Blvd, Nashville, TN 37212-4808 |
Subsection | Charitable Organization |
Ruling Date | 04/2003 |
Deductibility | Contributions are deductible |
Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 06/2014 |
Assets | $100,000 to $499,999 |
Income | $25,000 to $99,999 |
Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
Asset Amount | $339,362 |
Amount of Income | $48,487 |
Form 990 Revenue Amount | $48,487 |
National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2014: $48,487 (it was $77,229 in 2013)
Friendship Homes Inc: | $48,487 |
Other organizations performing similar types of work: | $141,278 |
Assets in 2014: $339,362 (it was $305,876 in 2013)
Friendship Homes Inc: | $339,362 |
Other organizations performing similar types of work: | $740,093 |
Expenses in 2014: $71,573
Friendship Homes Inc: | $71,573 |
Other organizations performing similar types of work: | $124,074 |
Income to expenses ratio in 2014: 0.7
Friendship Homes Inc: | 0.7 |
Other organizations performing similar types of work: | 0.7 |
Grants share in income in 2014: 0.0%
Friendship Homes Inc: | 0.0% |
Other organizations performing similar types of work: | 3.7% |
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
2012 | 2013 | 2014 | |
---|---|---|---|
Total revenue | $51,043 | $77,229 | $48,487 |
Contributions, gifts, grants, and similar amounts received | $4,414 | $0 | $0 |
Program service revenue including government fees and contracts | $0 | $0 | $0 |
Membership dues and assessments | $0 | $0 | $0 |
Investment income | $0 | $0 | $0 |
Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
Gross profit/loss from sales of inventory | $0 | $0 | $0 |
Other revenue | $46,629 | $77,229 | $48,487 |
Total expenses | $48,880 | $44,569 | $71,573 |
Total net assets | $-114,390 | $-81,730 | $-104,816 |
Excess/Deficit for the year | $2,163 | $32,660 | $-23,086 |
Net assets or fund balances at beginning of year | $-116,553 | $-114,390 | $-81,730 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | $-81,730 | $-104,816 |
Balance Sheets | |||
2012 | 2013 | 2014 | |
---|---|---|---|
Total assets | $347,657 | $305,876 | $339,362 |
Total liabilities | $462,047 | $387,606 | $444,178 |
Net assets or fund balances | $-114,390 | $-81,730 | $-104,816 |
Other Information | |||
2012 | 2013 | 2014 | |
---|---|---|---|
Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
Were any significant changes made to the organizing or governing documents? | No | No | |
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
Has the organization filed a Form 990-T for the year? | No | No | |
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
Amount of political expenditures, direct or indirect | $0 | $0 | |
Did the organization file Form 1120-POL for this year? | No | No | |
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | Yes | Yes | |
Total amount involved | $127,204 | $137,584 | |
Initiation fees and capital contributions | $0 | $0 | $0 |
Gross receipts for public use of club facilities | $0 | $0 | $0 |
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
Reason for Public Charity Status (for 2014) | |
The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
2010 - 2014 Total | |
---|---|
Public support | $279,743 |
Subtotal | $279,743 |
Gifts, grants, contributions, and membership fees received | $24,236 |
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $255,507 |
Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
Less | $0 |
Amounts received from disqualified persons | $0 |
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
Total support | $279,743 |
Public support | $279,743 |
Subtotal | $0 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
Other income | $0 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Vf Affordable Housing Inc | 448 Depot St Ne, Christiansbrg, VA 24073-2050 | VA | 2000-11 | $716,864 |
2 | Vine Street Manor Housing Corp | 2300 Flora, Kansas City, MO 64108 | MO | 2004-03 | $366,819 |
3 | Gmf-Pac | 65 Germantown Ct Ste 409, Cordova, TN 38018-4258 | TN | 2013-11 | $61,689,852 |
4 | United Housing Inc | 2750 Colony Park Drive, Memphis, TN 38118-2088 | TN | 1999-07 | $4,745,973 |
5 | The Housing Fund Inc | 305 11th Ave S, Nashville, TN 37203-4003 | TN | 1996-06 | $2,825,179 |
6 | Dogwood Manor Apartment Inc | 1225 S Willow Ave, Cookeville, TN 38506-4158 | TN | 2012-12 | $2,106,423 |
7 | Samaritan Group | 1101 Davidson St, Nashville, TN 37206-3151 | TN | 2006-12 | $1,270,426 |
8 | Works Inc | 1471 Genesis Cir, Memphis, TN 38106-5808 | TN | 1999-06 | $1,258,175 |
9 | Southwest Tennessee Community Development Corporation | 1527 White Avenue Po Box 264, Henderson, TN 38340 | TN | 2007-04 | $896,860 |
10 | Advent Community Development Corporation | 201 Dyer Street, Columbia, TN 38401 | TN | 2010-09 | $616,355 |
11 | The Health Opportunity Protection And Encouragement Center Inc | PO BOX 1561, Athens, TN 37371-1561 | TN | 1993-06 | $598,034 |
12 | Tennessee Conference Community | 2200 Martin Luther King Jr Avenue, Knoxville, TN 37915-1542 | TN | 2005-02 | $497,810 |
13 | Wesley Jackson Highlands Inc | 1615 Appling Rd, Cordova, TN 38016-4907 | TN | 1999-02 | $383,253 |
14 | Team 9 Home Care | 801 N 5th St, Nashville, TN 37207-5815 | TN | 2012-01 | $365,157 |
15 | Wesley At Murray Inc | 1615 Appling Rd, Cordova, TN 38016-4907 | TN | 2002-02 | $187,440 |
16 | Veca Community Development Corporation | 1680 Jackson Ave, Memphis, TN 38107-5044 | TN | 1998-05 | $175,587 |
17 | Southeastern Housing Foundation Ii Inc | 901 E Summit Hill Drive Apt No 300, Knoxville, TN 37915 | TN | 2010-01 | $145,579 |
18 | Wesley At Paris Inc | 1615 Appling Rd, Cordova, TN 38016-4907 | TN | 2002-02 | $139,994 |
19 | Dr Tom Richards Center Inc | 201d Buffalo Valley Dr, Shelbyville, TN 37160-3174 | TN | 2006-11 | $90,274 |
20 | Talley Boarding Home | 111 Denise Dr, Antioch, TN 37013-2613 | TN | 2005-11 | $78,511 |
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Total | 5,080 |
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