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Organizations Housing & Shelter Friendship House III Inc.

Friendship House III Inc.

Fiscal year ending 2024. Filed on January 17, 2025.

911 N Studebaker Road
Long Beach, California 90815

Friendship House III Inc. (EIN: 31-0956562), also known as The Towers, has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2024 IRS Form 990 filing, Friendship House III Inc., a 501(c)(3) charitable organization, reported compensation for 27 employees. Among the employees shown here, the average compensation is $248,974. The highest compensated employee at Friendship House III Inc. is Hartman Stuart J with fiscal year 2024 compensation of $685,724.

Revenue, expenses, and employee compensation

Revenue

$3,340,837

Expenses

$2,740,454

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Hartman Stuart J
President and Chief Executive Officer
$685,724
$0 $617,596 $68,128
Amberg Robert R
Executive Vice President and General Counsel
$489,502
$0 $440,286 $49,216
Rossello Frank Jr
Chief Financial Officer and Vice President, Finance
$403,817
$0 $378,582 $25,235
Escandon Yuri Andrew
Vice President, Housing Operations
$289,428
$0 $248,822 $40,606
Battaglia Nada
Vice President, Human Resources
$288,839
$0 $242,093 $46,746
Titus Stephanie L
Vice President, Philanthropy and Chief Strategy Officer
$288,833
$0 $239,642 $49,191
Napierskie David W
Vice President, Health Care Operations
$286,493
$0 $245,158 $41,335
Magnone Vincent B
Vice President, Treasury and Investment Officer
$283,260
$0 $246,158 $37,102
Fard Bob J
Vice President, Acquisitions and Project Development
$281,127
$0 $259,219 $21,908
Gilchrist Kevin Darrell
Vice President, Development Finance
$277,179
$0 $228,362 $48,817
Rivera Michael
Regional Manager, Health Care
$228,351
$0 $223,831 $4,520
Clow John C
Vice President, Risk Management
$227,978
$0 $209,162 $18,816

Benchmark Employee Compensation

Non-Employee Board Members

Bauman John
Director
Bunn Andrew
Treasurer
Desaegher Norma N
Vice President
East Raymond E
Director
Hart Donald G
Director
Moyer David S
Director
Pollock Jeffrey R
Director
Wilson Cheryl
Director

Mission Statement

FRIENDSHIP HOUSE III, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF INDIANA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 167 UNIT COMMUNITY KNOWN AS CROOKED CREEK TOWER, LOCATED IN INDIANAPOLIS, INDIANA, AND A 140 UNIT COMMUNITY KNOWN AS SOUTHDALE TOWER, LOCATED IN ANDERSON, INDIANA, BOTH OF WHICH PROVIDE HOUSING FOR LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. PRIOR TO APRIL 12, 2012, EACH PROJECT HAD ITS OWN MORTGAGE NOTE. ON APRIL 12, 2012, THE INDIVIDUAL MORTGAGES OF THE PROPERTIES WERE REFINANCED INTO ONE COMBINED MORTGAGE UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT.

Revisions to this organization profile

January 17, 2025:
2024 Friendship House III Inc. 990 filed
May 29, 2024:
2023 Friendship House III Inc. 990 filed
June 9, 2023:
2022 Friendship House III Inc. 990 filed

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