2021-02-02T09:33:23-06:00 2020-09-30 560817345 Turlington and Company LLP PO Box 1697 Lexington NC 272931697 990 2019-10-01 560754599 Friends Homes Inc FRIE 3362928187 925 New Garden Road Greensboro NC 27410 Don Farlow Chair 3362928187 2021-01-21 1 Marcia W Henriksen P01259831 3362496856 2019 2022-09-23 18:48:47Z Don Farlow 925 New Garden Road Greensboro NC 27410 41309415 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. 22 22 584 75 0 0 255854 1363349 29590499 31024923 2325870 2221044 0 0 32172223 34609316 0 500000 0 0 14095748 15004070 0 47700 47700 15557880 17056041 29653628 32607811 2518595 2001505 93443811 128114482 48208170 78883619 45235641 49230863 To provide nursing and residential care and other support services to the elderly. 0 0 29288752 500000 31024923 There are 3 cottages, 355 apartments, 100 assisted care beds and 109 nursing beds. 29288752 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 96 0 584 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 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 Tom Wright Treasurer 0.25 X X 0 0 0 Kathy Coe Board member 0.25 X 0 0 0 Don Farlow Chairman 0.25 X X 0 0 0 Carl Semmler Board Member 0.25 X 0 0 0 Annemarie Dloniak Secretary 0.25 X X 0 0 0 Dan Allen Board member 0.25 X 0 0 0 Pete Cross Board member 0.25 X 0 0 0 Jay Bumm Board member 0.25 X 0 0 0 Barbara Jones Board member 0.25 X 0 0 0 Hector McEachern Board member 0.25 X 0 0 0 Marla Allred Board member 0.25 X 0 0 0 Elwood Parker Board member 0.25 X 0 0 0 Brent McKinney Board member 0.25 X 0 0 0 George Harris Board member 0.25 X 0 0 0 Joy Reavis Vice Chair 0.25 X X 0 0 0 Ray Treadway Board member 0.25 X 0 0 0 Bill McNeil Board member 0.25 X 0 0 0 Yvonne Johnson Board member 0.25 X 0 0 0 Judy Ritter Board member 0.25 X 0 0 0 Ed Phillips 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 3261201 PHI Management Services LLC 2109 Sandy Ridge Road Colfax NC 27235 Management Services 1973558 Legacy Health Care Services Inc PO BOX 743715 Atlanta GA 30384 Therapy Services 1144503 Stewart & Conners Architects PLLC 3731 Larobe Drive Suite 100 Charlotte NC 28211 Architect Services 1040123 Stimmel 601 N Trade Street NW 200 Winston Salem NC 27101 Landscaping Services 363820 5 694570 668779 1363349 Resident services 623000 31024923 31024923 31024923 1566631 1566631 7354512 6556495 143604 798017 -143604 654413 654413 34609316 31024923 0 2221044 X 500000 500000 12259281 11227573 1031708 103810 103810 1749676 1539714 209962 891303 837807 53496 5594 5594 72412 72412 47700 47700 111408 111408 130419 130419 1917696 1687572 230124 2928172 2781763 146409 Repairs & maintenance 1651102 1640338 10764 Food Costs 1616599 1616599 Contract Medical Servic 1411130 1411130 Management fees 1345363 672682 672681 5866146 5243155 622991 32607811 29288752 3271359 47700 1143803 24724855 372994 1348031 1872348 59978 8489 150475 143076 88810385 42358881 48204717 46451504 40615847 46806628 1920960 7734588 93443811 128114482 3437481 6193418 16160634 16760874 27500000 53326359 727500 545000 382555 2057968 48208170 78883619 X 44706014 48183265 529627 1047598 45235641 49230863 93443811 128114482 2001505 1993717 0 X 0 1 X 1 0 X 330720 161419 220437 255854 1363349 2331779 26160208 26666868 27974287 29590499 31024923 141416785 26490928 26828287 28194724 29846353 32388272 143748564 0 0 0 143748564 983297 1084105 1475189 1634067 1566631 6743289 983297 1084105 1475189 1634067 1566631 6743289 27474225 27912392 29669913 31480420 33954903 150491853 0.95520 0.95750 0.04480 0.04250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50000 84699 2508 2508 134699 1.00000 0 0 6416958 6416958 61254737 34805504 26449233 14601819 4544119 10057700 6536871 3009258 3527613 46451504 Construction in progress 7072629 Unamortized bond issue costs 661959 7734588 Occupancy deposits 448369 Application deposits - new facility 1591600 Prepaid Rent 17999 2057968 X 36603033 1993717 1993717 34609316 0 34609316 32496403 0 32496403 111408 111408 32607811 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, 2020 and 2019. 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, 2017 remain open for examination. X X 1 Capital Development Services 915 W 4th Street Suite 100 WinstonSalem NC 27101 Feasbility study and setup of capital campaign 0 423494 47700 375794 423494 47700 375794 NC 0 University of North Carolina at Greensboro Excellence Foundation 1400 Spring Garden Street Greensboro NC 27412 566001468 501(c)(3) 54000 Friends Homes Endowed Nursing Scholarship North Carolina Agricultural and Technical State University 1601 E Market Street Greensboro NC 27411 566000007 501(c)(3) 54500 Friends Homes Endowed Nursing Scholarship Guilford Technical Community College Foundation 3505 E Wendover Avenue Greensboro NC 27405 560792519 501(c)(3) 32700 Friends Homes Endowed Nursing Scholarship Guilford Technical Community College Foundation 3505 E Wendover Avenue Greensboro NC 27405 560792519 501(c)(3) 8800 Annual Giving to support CNA Certification Program Friends of Greensboro Parks and Recreation Foundation 1001 Fourth Street Greensboro NC 27405 205638297 501(c)(3) 350000 Charitable Gift to support Friends Greenway trail connector 3 A Public Finance Authority 273866124 74444VANO 2019-10-16 54143526 New Construction; Refund bond issue dated 11/1/11. 0 0 0 A 27414079 54143526 3611262 218823 694461 5992403 16182724 1 0 0 1 A 0 0 0 0 0 0 0 A 1 0 0 0 0 1 A 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 reviewed by the Executive Committee and provided to the full Board 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 Utilities: Program service expenses 1,271,709. Management and general expenses 55,064. Fundraising expenses 0. Total expenses 1,326,773. Contractual dietary: Program service expenses 909,125. Management and general expenses 0. Fundraising expenses 0. Total expenses 909,125. Office expenses: Program service expenses 773,062. Management and general expenses 0. Fundraising expenses 0. Total expenses 773,062. Miscellaneous: Program service expenses 478,160. Management and general expenses 170,618. Fundraising expenses 0. Total expenses 648,778. Prescription drugs, etc.: Program service expenses 596,784. Management and general expenses 0. Fundraising expenses 0. Total expenses 596,784. Covid-19 Expenses: Program service expenses 525,718. Management and general expenses 0. Fundraising expenses 0. Total expenses 525,718. Supplies: Program service expenses 90,828. Management and general expenses 262,156. Fundraising expenses 0. Total expenses 352,984. Insurance: Program service expenses 222,631. Management and general expenses 110,179. Fundraising expenses 0. Total expenses 332,810. Charitable care: Program service expenses 232,892. Management and general expenses 0. Fundraising expenses 0. Total expenses 232,892. Amortization of bond issue costs: Program service expenses 124,141. Management and general expenses 0. Fundraising expenses 0. Total expenses 124,141. Dues and Subscriptions: Program service expenses 5,288. Management and general expenses 24,974. Fundraising expenses 0. Total expenses 30,262. Property Taxes: Program service expenses 12,817. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,817.