Friends & Family Inc
Only null% goes to programs Strong reserves
Friends & Family Inc is a 501(c)(3) organization based in Romeo, Michigan, registered in 1992, with $7,794,210 in FY2023 revenue. CharityIndex grades it C+.
309 S Bailey St, Romeo, MI, 48065 EIN 38-3020545 Since 1992
Revenue (FY2023)
$7.8M
▼ 3.1% vs prior year
Human Services median: $293K
Expenses (FY2023)
$7.5M
Net assets
$5.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Friends & Family Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating9 mo reserves · +4% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Friends & Family Inc: 9 mo reserves · +4% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Friends & Family Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Friends & Family Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 309 S Bailey St, Romeo, MI, 48065
- City
- Romeo
- State
- Michigan
- Category
- Human Services
- Subcategory
- Residential Care
Financial trends
Revenue grew from $5.9M (FY2014) to $7.8M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $969KNet assets $5.8M
Operating margin
3.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$6.8M
Total liabilities
$969K
Net assets
$5.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $7,794,210▼3.1% | $7,504,025▲4.4% | $5,797,595▲7.8% | $6,766,812▲5.4% | 990 |
| 2022 | $8,041,379▲11.1% | $7,187,888▼2.6% | $5,377,235▲20.4% | $6,418,358▲32.8% | 990 |
| 2021 | $7,237,265▲1.1% | $7,376,008▲15.7% | $4,465,799▼5.3% | $4,832,061▼3.4% | 990 |
| 2020 | $7,159,628▲7.3% | $6,376,748▼4.1% | $4,717,605▲22.1% | $5,004,343▼3.6% | 990 |
| 2019 | $6,672,105▲13.7% | $6,651,686▲7.0% | $3,862,744▲1.0% | $5,191,244▲28.5% | 990 |
| 2018 | $5,866,516▲4.2% | $6,216,283▲4.6% | $3,825,734▼8.4% | $4,040,474▼7.3% | 990 |
| 2017 | $5,630,108▼2.9% | $5,941,840▼1.1% | $4,175,841▼6.6% | $4,358,185▼7.6% | 990 |
| 2016 | $5,800,117▼0.9% | $6,010,645▲0.1% | $4,468,676▼3.8% | $4,714,761▼3.7% | 990 |
| 2015 | $5,850,986▼1.3% | $6,001,682▲1.6% | $4,646,868▼2.9% | $4,897,779▼4.4% | 990 |
| 2014 | $5,929,902 | $5,906,443 | $4,785,367 | $5,122,364 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $20K total
1 grant to Friends & Family Inc totaling $20K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| United Way For Southeastern Michigan | Grant | 2019 | $20,000 |
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Frequently asked questions
- Is Friends & Family Inc a legitimate nonprofit?
- Yes. Friends & Family Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-3020545, based in Romeo, Michigan. Donations are tax-deductible.
- What is Friends & Family Inc's EIN?
- Friends & Family Inc's Employer Identification Number (EIN) is 38-3020545.
- How much revenue does Friends & Family Inc report?
- Friends & Family Inc reported $7,794,210 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Friends & Family Inc have?
- CharityIndex grades Friends & Family Inc C+, based on financial health (reserves and operating margin).
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Data for Friends & Family Inc (EIN 38-3020545) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.