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FINANCIAL REPORTS

OUR FINANCES

  • Friedman Place saves taxpayers money and keeps people out of nursing homes.
  • The State of Illinois pays Friedman Place less than 50% of what it pays to the average Nursing Home in Illinois for each resident.
  • Without Friedman Place, most residents would end up in nursing homes, Friedman Place agency saves the State of Illinois and its taxpayers approximately $1,500,000 annually
  • Friedman Place receives 29% of our income directly from government sources, which is much lower than most nonprofit organizations of our size
  • Eighty-two percent (82%) of our income is applied directly to programs and services, much higher than the minimum 65% recommended by the Better Business Bureau’s Standards for Charitable Accountability