2024-02-06T09:47:26-06:00 2023-09-30 560817345 Turlington and Company LLP PO Box 1697 Lexington NC 272931697 990 2022-10-01 560754599 Friends Homes Inc FRIE 3362928187 925 New Garden Road Greensboro NC 27410 Timothy Webster Registered Agent 3362928187 2024-01-23 1 Timothy Webster XXX-XX-XXXX 0 Marcia W Henriksen P01259831 3362496856 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Marshall Hurley 925 New Garden Road Greensboro NC 27410 46976489 0 X www.friendshomes.org X 1958 NC 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. 19 19 598 75 0 0 651906 332777 33522282 38865735 8401930 2115320 0 0 42576118 41313832 243262 486046 0 0 16159656 17215641 0 0 0 20515910 25128151 36918828 42829838 5657290 -1516006 191608853 204449008 148001211 158526276 43607642 45922732 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. 0 0 38567502 486046 38865735 There are 14 cottages, 28 townhomes, 350 apartments, 54 villa apartments, 100 assisted care beds and 109 nursing beds. 38567502 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 33 0 598 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X Lynn Hall 3362928187 925 New Garden Road Greensboro NC 27410 X Betty Turner Treasurer 0.25 X X 0 0 0 Kathy Adams Board member 0.25 X 0 0 0 Marshall Hurley Chairman 0.25 X X 0 0 0 Reggie Beeson Board Member 0.25 X 0 0 0 Jennifer Brigman Board member 0.25 X 0 0 0 Pete Cross Vice Chair 0.25 X X 0 0 0 Jay Bumm Board member 0.25 X 0 0 0 Bill Carroll Board member 0.25 X 0 0 0 Kathy Coe Board member 0.25 X 0 0 0 Annemarie Dloniak Board member 0.25 X 0 0 0 Nancy Glenz Board member 0.25 X 0 0 0 George Harris Board member 0.25 X 0 0 0 Yvonne Johnson Board member 0.25 X 0 0 0 Barbara Jones Board member 0.25 X 0 0 0 Joy Reavis Secretary 0.25 X X 0 0 0 Ted Lide Board member 0.25 X 0 0 0 Hector McEachern Board member 0.25 X 0 0 0 Brent McKinney Board member 0.25 X 0 0 0 Bill McNeil Board member 0.25 X 0 0 0 0 0 0 0 0 0 0 PHI Management Services LLC 2109 Sandy Ridge Road Colfax NC 27235 Management Services 1666672 Trinity Rehab LLC 113 S Railroad Avenue Dunn NC 28334 Rehab Services 894865 ID Collaborative Acquisition LLC 201 State Street Greensboro NC 27408 Interior Design Services 211708 Deridder Case 7004 Pawnee Road Greensboro NC 27410 Salon Services 123963 Neil Medical Group 509 S Lexington Avenue Burlington NC 27215 Medical Services 105392 5 332777 332777 Resident services 623000 38865735 38865735 38865735 2073401 2073401 5704576 5662657 41919 41919 41919 41313832 38865735 0 2115320 X 486046 486046 14448774 13646685 802089 104044 98426 5618 1651237 1562134 89103 1011586 956960 54626 23316 23316 71085 71085 118122 118122 87575 87575 3370700 2966216 404484 6116427 5810606 305821 Outside consulting 2690902 1504136 1186766 Food Costs 2314576 2314576 Utilities 1743450 1671093 72357 Management fees 1726724 863362 863362 6865274 6599687 265587 42829838 38567502 4262336 0 24980918 28639816 153612 79723 3027297 2312037 15288 36846 207428 283579 176376524 55122386 93421544 121254138 43682272 49384518 26120494 2458351 191608853 204449008 7432461 4427990 28299292 47987072 106571945 105486089 320000 0 5377513 625125 148001211 158526276 X 42519032 44880425 1088610 1042307 43607642 45922732 191608853 204449008 -1516006 3831096 0 X 0 1 X 1 0 X 255854 1363349 1732180 651906 332777 4336066 29590499 31024923 31391371 33522282 38865735 164394810 29846353 32388272 33123551 34174188 39198512 168730876 0 0 0 168730876 1634067 1566631 1529178 2591710 1955279 9276865 1634067 1566631 1529178 2591710 1955279 9276865 31480420 33954903 34652729 36765898 41153791 178007741 0.94790 0.94720 0.05210 0.05280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 522634 19657 2508 2508 542291 266664 255970 2508 2508 522634 134699 131965 2508 2508 266664 50000 84699 2508 2508 134699 0 0 9133903 9133903 116985622 39970978 77014644 18149624 6362156 11787468 32107375 8789252 23318123 121254138 Occupancy deposits 462425 Application deposits 162700 625125 X 45144928 3831096 3831096 41313832 0 41313832 42711716 0 42711716 118122 118122 42829838 Part V, Line 4: The endowment funds are used for resident assistance. Part X, Line 2: The Organization has determined that it has no uncertain income tax positions as of September 30, 2023 and 2022. Also, the Organization does not anticipate any increase or decrease in unrecognized tax benefits during the next twelve months that would result in a material change in its financial position. The Organization's income tax returns for years ended after September 30, 2020 remain open for examination. 0 Community Foundation of Greater Greensboro Inc 301 N Elm St 100 Greensboro NC 27401 561380249 501(c)(3) 486046 0 Resident Assistance A Public Finance Authority 273866124 74444VANO 2019-10-16 54143526 New Construction; Refund bond issue dated 11/1/11. 0 0 0 B North Carolina Medical Care Commission 521309402 65820YSD9 2020-10-07 55199446 New Construction 0 0 0 A 54143526 906030 694461 22175765 2021 1 0 0 1 B 55199446 517805 943505 47739285 2023 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 1 0 0 0 0 1 B 1 0 0 0 0 1 A 0 B 0 Form 990, Part VI, Section A, line 3 The Board has contracted with PHI Management Services, LLC to provide executive level management and advisory services for the period May 1, 2016 to December 31, 2018. The Board signed an agreement to amend the original contract with PHI Management Services, LLC to extend the term of services from January 1, 2019 to December 31, 2030. Form 990, Part VI, Section B, line 11b The 990 is presented to the board for their review and comments prior to filing. Form 990, Part VI, Section B, line 12c Board members are asked annually to sign a conflict of interest statement and are asked to disclose any interests which may give rise to conflicts. Form 990, Part VI, Section B, line 15a The Vice President of Human Resources of PHI Management Services, Inc. compiles comparability data from an independent salary consultant to calculate a wage for executive positions and from an independent salary survey to calculate a wage at market average for all other positions. All wages are calculated following a budgeted amount which is approved by the Board. Form 990, Part VI, Section C, line 19 The Organization is regulated by the Insurance Commission and the financial statements are part of the Disclosure required by them. Form 990, Part IX, line 24e Repairs & maintenance: Program service expenses 1,533,544. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,533,544. Contract Medical Services: Program service expenses 1,234,070. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,234,070. Supplies: Program service expenses 978,087. Management and general expenses 0. Fundraising expenses 0. Total expenses 978,087. Contractual dietary: Program service expenses 879,887. Management and general expenses 0. Fundraising expenses 0. Total expenses 879,887. Miscellaneous: Program service expenses 453,752. Management and general expenses 112,371. Fundraising expenses 0. Total expenses 566,123. Insurance: Program service expenses 428,782. Management and general expenses 101,621. Fundraising expenses 0. Total expenses 530,403. Charitable care: Program service expenses 448,926. Management and general expenses 0. Fundraising expenses 0. Total expenses 448,926. Medical supplies and drugs: Program service expenses 421,630. Management and general expenses 0. Fundraising expenses 0. Total expenses 421,630. Office expenses: Program service expenses 102,687. Management and general expenses 44,872. Fundraising expenses 0. Total expenses 147,559. Amortization of bond issue costs: Program service expenses 91,176. Management and general expenses 0. Fundraising expenses 0. Total expenses 91,176. Dues and Subscriptions: Program service expenses 27,146. Management and general expenses 6,723. Fundraising expenses 0. Total expenses 33,869.