2022-01-14T08:57:17-06:00 2021-09-30 560817345 Turlington and Company LLP PO Box 1697 Lexington NC 272931697 990 2020-10-01 560754599 Friends Homes Inc FRIE 3362928187 925 New Garden Road Greensboro NC 27410 Don Farlow Chair 3362928187 2021-12-21 1 Don Farlow XXX-XX-XXXX Marcia W Henriksen P01259831 3362496856 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Don Farlow 925 New Garden Road Greensboro NC 27410 44702408 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 reasonable 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 19 655 75 0 0 1363349 1732180 31024923 31391371 2221044 3060066 0 0 34609316 36183617 500000 669177 0 0 15004070 15481819 0 0 0 17103741 17936386 32607811 34087382 2001505 2096235 128114482 195306442 78883619 136785903 49230863 58520539 To provide nursing and residential care and other support services to the elderly. 0 0 30482334 669177 31391371 There are 3 cottages, 20 townhomes, 355 apartments, 100 assisted care beds and 109 nursing beds. 30482334 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 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 61 0 655 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 0 0 0 X Lynn Hall 3362928187 925 New Garden Road Greensboro NC 27410 X Annemarie Dloniak Treasurer 0.25 X X 0 0 0 Jay Bumm Board member 0.25 X 0 0 0 Don Farlow Chairman 0.25 X X 0 0 0 Kathy Coe Board Member 0.25 X 0 0 0 Carl Semmler Secretary 0.25 X X 0 0 0 Pete Cross 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 Marshall Hurley 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 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 Joy Reavis Vice Chair 0.25 X X 0 0 0 Bill McNeil Board member 0.25 X 0 0 0 Elwood Parker Board member 0.25 X 0 0 0 Judy Ritter Board member 0.25 X 0 0 0 Ray Treadway Board member 0.25 X 0 0 0 0 0 0 0 0 0 0 Morrison Living 400 Northridge Road Suite 600 Atlanta GA 30350 Dining/Environmental Services 3855457 PHI Management Services LLC 2109 Sandy Ridge Road Colfax NC 27235 Management Services 2602981 Landmark Builders Inc 3520 Triad Ct Winston Salem NC 27107 Construction Services 1660260 Legacy Health Care Services Inc PO BOX 743715 Atlanta GA 30384 Therapy Services 1130451 Select Services Laboratories LLC 1100 Revolution Mill Dr Greensboro NC 27405 Medical Services 664920 5 1135065 597115 1732180 Resident services 623000 31391371 31391371 31391371 1682223 1682223 9896134 500 8513957 4834 1382177 -4334 1377843 1377843 36183617 31391371 0 3060066 X 669177 669177 12160155 11205291 954864 418493 418493 2044667 1799307 245360 858504 808204 50300 3107 3107 65531 65531 153045 153045 97248 97248 1662352 1462870 199482 3055490 2902716 152774 Repairs & maintenance 1845191 1836741 8450 Food Costs 1794758 1794758 Management fees 1394232 697116 697116 Utilities 1276071 1223112 52959 6589361 5985794 603567 34087382 30482334 3605048 0 24724855 53063842 372994 405415 1872348 2254989 8489 12743 143076 167769 103802980 45393196 46451504 58409784 46806628 57440919 7734588 23550981 128114482 195306442 6193418 5630034 16760874 19542675 53326359 107631744 545000 420000 2057968 3561450 78883619 136785903 X 48183265 57085593 1047598 1434946 49230863 58520539 128114482 195306442 2096235 7193441 0 X 0 0 0 X 161419 220437 255854 1363349 1732180 3733239 26666868 27974287 29590499 31024923 31391371 146647948 26828287 28194724 29846353 32388272 33123551 150381187 0 0 0 150381187 1084105 1475189 1634067 1566631 1529178 7289170 1084105 1475189 1634067 1566631 1529178 7289170 27912392 29669913 31480420 33954903 34652729 157670357 0.95380 0.95520 0.04620 0.04480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 134699 131965 2508 2508 266664 50000 84699 2508 2508 134699 0 0 7077302 7077302 70719742 36292797 34426945 18298513 5457438 12841075 7707423 3642961 4064462 58409784 Construction in progress 22042618 Unamortized bond issue costs 1508363 23550981 Occupancy deposits 970725 Application deposits - new facility 2579900 Prepaid Rent 10825 3561450 X 43377058 7193441 7193441 36183617 0 36183617 33934337 0 33934337 153045 153045 34087382 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, 2021 and 2020. 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, 2018 remain open for examination. X X 1 Capital Development Services 915 W 4th Street Suite 100 WinstonSalem NC 27101 Ongoing capital campaign 0 249500 40589 208911 249500 40589 208911 0 Community Foundation of Greater Greensboro Inc 301 N Elm St 100 Greensboro NC 27401 561380249 501(c)(3) 60000 Resident Assistance City of Greensboro 300 West Washington St Greensboro NC 27401 609177 Book Greenway Connector Project 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 3611262 218823 694461 14310957 7864808 1 0 0 1 B 55199446 2706587 1861888 943505 17065846 30653486 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, 2023. 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 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 Contract Medical Services: Program service expenses 1,155,005. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,155,005. Contractual dietary: Program service expenses 960,724. Management and general expenses 0. Fundraising expenses 0. Total expenses 960,724. Office expenses: Program service expenses 920,825. Management and general expenses 0. Fundraising expenses 0. Total expenses 920,825. Covid-19 Expenses: Program service expenses 880,404. Management and general expenses 0. Fundraising expenses 0. Total expenses 880,404. Miscellaneous: Program service expenses 608,164. Management and general expenses 203,042. Fundraising expenses 0. Total expenses 811,206. Prescription drugs, etc.: Program service expenses 607,397. Management and general expenses 0. Fundraising expenses 0. Total expenses 607,397. Insurance: Program service expenses 350,302. Management and general expenses 91,366. Fundraising expenses 0. Total expenses 441,668. Supplies: Program service expenses 77,223. Management and general expenses 285,406. Fundraising expenses 0. Total expenses 362,629. Charitable care: Program service expenses 319,674. Management and general expenses 0. Fundraising expenses 0. Total expenses 319,674. Amortization of bond issue costs: Program service expenses 97,101. Management and general expenses 0. Fundraising expenses 0. Total expenses 97,101. Dues and Subscriptions: Program service expenses 8,975. Management and general expenses 23,753. Fundraising expenses 0. Total expenses 32,728.