Totals
- Total revenue
- $41,313,832
- Total expenses
- $42,829,838
- Contributions and grants received
- $332,777
- Grants paid
- $486,046
- Program service revenue
- $38,865,735
- Investment income
- $2,115,320
- Other revenue
- $0
- Total assets, end of year
- $204,449,008
- Total liabilities, end of year
- $158,526,276
- Net assets or fund balances, end of year
- $45,922,732
- Program services expenses (Part IX)
- $38,567,502
- Management and general expenses
- $4,262,336
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $38,567,502
Program services were 90.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
1f · All other contributions, gifts and grants
$332,777
-
2a · Program service revenue: Resident services
total $38,865,735 · related or exempt $38,865,735
-
3 · Investment income
total $2,073,401 · excluded $2,073,401
-
7a · Gross sales of assets other than inventory
securities $5,704,576
-
7b · Less cost or other basis and sales expenses
securities $5,662,657
-
7c · Gain or loss
securities $41,919
-
7d · Net gain or loss
total $41,919 · excluded $41,919
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $486,046 · program services $486,046
-
7 · Other salaries and wages
total $14,448,774 · program services $13,646,685 · management and general $802,089
-
8 · Pension plan contributions
total $104,044 · program services $98,426 · management and general $5,618
-
9 · Other employee benefits
total $1,651,237 · program services $1,562,134 · management and general $89,103
-
10 · Payroll taxes
total $1,011,586 · program services $956,960 · management and general $54,626
-
11b · Fees: legal
total $23,316 · management and general $23,316
-
11c · Fees: accounting
total $71,085 · management and general $71,085
-
11f · Fees: investment management
total $118,122 · management and general $118,122
-
11g · Fees: other
total $87,575 · program services $87,575
-
20 · Interest
total $3,370,700 · program services $2,966,216 · management and general $404,484
-
22 · Depreciation, depletion and amortization
total $6,116,427 · program services $5,810,606 · management and general $305,821
-
24a · Other expenses: Outside consulting
total $2,690,902 · program services $1,504,136 · management and general $1,186,766
-
24b · Other expenses: Food Costs
total $2,314,576 · program services $2,314,576
-
24c · Other expenses: Utilities
total $1,743,450 · program services $1,671,093 · management and general $72,357
-
24d · Other expenses: Management fees
total $1,726,724 · program services $863,362 · management and general $863,362
-
24e · All other expenses
total $6,865,274 · program services $6,599,687 · management and general $265,587
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $24,980,918 · end of year $28,639,816
-
3 · Pledges and grants receivable
beginning of year $153,612 · end of year $79,723
-
4 · Accounts receivable
beginning of year $3,027,297 · end of year $2,312,037
-
8 · Inventories for sale or use
beginning of year $15,288 · end of year $36,846
-
9 · Prepaid expenses and deferred charges
beginning of year $207,428 · end of year $283,579
-
10a · Land, buildings and equipment: cost or other basis
$176,376,524
-
10b · Land, buildings and equipment: accumulated depreciation
$55,122,386
-
10c · Land, buildings and equipment, net
beginning of year $93,421,544 · end of year $121,254,138
-
11 · Investments: publicly traded securities
beginning of year $43,682,272 · end of year $49,384,518
-
15 · Other assets
beginning of year $26,120,494 · end of year $2,458,351
-
17 · Accounts payable and accrued expenses
beginning of year $7,432,461 · end of year $4,427,990
-
19 · Deferred revenue
beginning of year $28,299,292 · end of year $47,987,072
-
20 · Tax-exempt bond liabilities
beginning of year $106,571,945 · end of year $105,486,089
-
23 · Secured mortgages and notes payable
beginning of year $320,000 · end of year $0
-
25 · Other liabilities
beginning of year $5,377,513 · end of year $625,125
-
27 · Net assets without donor restrictions
beginning of year $42,519,032 · end of year $44,880,425
-
28 · Net assets with donor restrictions
beginning of year $1,088,610 · end of year $1,042,307
Mission and programs · 2022
Mission
Guided by Quaker values, Friends Homes offers a Life Plan Community that encourages a sense of wholeness, wellness, purpose and security at a fair cost, so that each resident may live a fulfilling life.
Activities or mission (Part I)
To establish and operate continuing care retirement communities in accordance with the principles of the Religious Society of Friends. These principles require that our communities provide, at a fair cost, an environment which fosters independence and a sense of wholeness, health, and security so that each resident may realize his or her full potential. In doing so we facilitate the basic Quaker principle that "there is that of God in every person," meaning that everyone has worth and value. Through continuous improvement and expansion, the organization will provide affordable services to the aged and support to the community at large. We accept the responsibility to promote consistent quality care while providing a home for our residents.
-
There are 14 cottages, 28 townhomes, 350 apartments, 54 villa apartments, 100 assisted care beds and 109 nursing beds.
Expenses $38,567,502 · Grants $486,046 · Revenue $38,865,735
As filed on the 2022 return.
Listed in Part VII
-
Betty Turner
Treasurer
- Total calculated
- $0
- Hours/week
- 0.25
-
Kathy Adams
Board member
- Total calculated
- $0
- Hours/week
- 0.25
-
Marshall Hurley
Chairman
- Total calculated
- $0
- Hours/week
- 0.25
-
Reggie Beeson
Board Member
- Total calculated
- $0
- Hours/week
- 0.25
-
Jennifer Brigman
Board member
- Total calculated
- $0
- Hours/week
- 0.25
-
Pete Cross
Vice Chair
- Total calculated
- $0
- Hours/week
- 0.25
-
Jay Bumm
Board member
- Total calculated
- $0
- Hours/week
- 0.25
-
Bill Carroll
Board member
- Total calculated
- $0
- Hours/week
- 0.25
-
Kathy Coe
Board member
- Total calculated
- $0
- Hours/week
- 0.25
-
Annemarie Dloniak
Board member
- Total calculated
- $0
- Hours/week
- 0.25
-
Nancy Glenz
Board member
- Total calculated
- $0
- Hours/week
- 0.25
-
George Harris
Board member
- Total calculated
- $0
- Hours/week
- 0.25
-
Yvonne Johnson
Board member
- Total calculated
- $0
- Hours/week
- 0.25
-
Barbara Jones
Board member
- Total calculated
- $0
- Hours/week
- 0.25
-
Joy Reavis
Secretary
- Total calculated
- $0
- Hours/week
- 0.25
-
Ted Lide
Board member
- Total calculated
- $0
- Hours/week
- 0.25
-
Hector McEachern
Board member
- Total calculated
- $0
- Hours/week
- 0.25
-
Brent McKinney
Board member
- Total calculated
- $0
- Hours/week
- 0.25
-
Bill McNeil
Board member
- Total calculated
- $0
- Hours/week
- 0.25
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
-
Resident Assistance
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 23 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400379349300230
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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