FRIENDS HOMES INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- FRIENDS HOMES INC (EIN 56-0754599)
- Tax period
- 2011-10-01 to 2012-09-30
- Filed
- 2012-12-10
- IRS object ID
- 201223459349300507
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-12-10T10:02:47-06:00 | Timestamp |
| Tax Period End Date | 2012-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560817345 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Turlington and Company LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 1697 | AddressLine1 |
| City | Lexington | City |
| State | NC | State |
| ZIP Code | 272931697 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560754599 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Friends Homes Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FRIE | NameControl |
| Phone | 3362928187 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 925 New Garden Road | AddressLine1 |
| City | Greensboro | City |
| State | NC | State |
| ZIP Code | 27410 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Wilson Sheldon | Name |
| Title | Executive Director | Title |
| Phone | 3362928187 | Phone |
| Date Signed | 2012-12-05 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Marcia W Henriksen | Name |
| PTIN | P01259831 | PTIN |
| Phone | 3362496856 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Wilson Sheldon | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 925 New Garden Road | AddressLine1 |
| City | Greensboro | City |
| State | NC | State |
| ZIP Code | 27410 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 31345307 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | friendshomes.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1958 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | 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 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 25 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 25 | NbrIndependentVotingMembers |
| Total Nbr Employees | 512 | TotalNbrEmployees |
| Total Nbr Volunteers | 75 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 426574 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1332243 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 23478229 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 23664598 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 359916 | InvestmentIncomePriorYear |
| Investment Income Current Year | -334761 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | -32480 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 24264719 | TotalRevenuePriorYear |
| Total Revenue Current Year | 24629600 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 11747647 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 12202078 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 11094116 | OtherExpensePriorYear |
| Other Expenses Current Year | 13032628 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 22841763 | TotalExpensesPriorYear |
| Total Expenses Current Year | 25234706 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1422956 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -605106 | RevenuesLessExpensesCY |
| Total Assets BOY | 77174697 | TotalAssetsBOY |
| Total Assets EOY | 78737849 | TotalAssetsEOY |
| Total Liabilities BOY | 55163234 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 51995046 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 22011463 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 26742803 | NetAssetsOrFundBalancesEOY |
| Mission Description | To provide nursing and residential care and other support services to the elderly. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 22031393 | Expense |
| Revenue | 23632118 | Revenue |
| Description | There are 10 cottages, 360 apartments, 100 assisted care beds and 109 nursing beds. | Description |
| Total Program Service Expense | 22031393 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 125 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 512 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 25 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 25 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wilson Sheldon | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3362928187 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 925 New Garden Road | AddressLine1 |
| City | Greensboro | City |
| State | NC | State |
| ZIP Code | 27410 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (26 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee |
|---|---|---|---|---|---|---|
| Jack Kirk | ||||||
| Board Member | 0.00 | X | 0 | 0 | 0 | |
| Dick Coe | ||||||
| Secretary | 0.00 | X | 0 | 0 | 0 | |
| Ed Harris | ||||||
| Board Member | 0.00 | X | 0 | 0 | 0 | |
| Mary Farlow | ||||||
| Board Member | 0.00 | X | 0 | 0 | 0 | |
| Dale Brent McKinney | ||||||
| Board Member | 0.00 | X | 0 | 0 | 0 | |
| Bill Davis | ||||||
| Board Member | 0.00 | X | 0 | 0 | 0 | |
| Beth Joyce | ||||||
| Board Member | 0.00 | X | 0 | 0 | 0 | |
| David Millikan | ||||||
| Board Member | 0.00 | X | 0 | 0 | 0 | |
| Janie Edgerton | ||||||
| Board Member | 0.00 | X | 0 | 0 | 0 | |
| Carolyn McPherson | ||||||
| Board Member | 0.00 | X | 0 | 0 | 0 | |
| Tony Lowe | ||||||
| Vice-chair | 0.00 | X | 0 | 0 | 0 | |
| Jim Newlin | ||||||
| Board Member | 0.00 | X | 0 | 0 | 0 | |
| Scott Wagoner | ||||||
| Board Member | 0.00 | X | 0 | 0 | 0 | |
| Carl Semmler | ||||||
| Board Member | 0.00 | X | 0 | 0 | 0 | |
| Gwen Taylor | ||||||
| Board Member | 0.00 | X | 0 | 0 | 0 | |
| Terri Harris | ||||||
| Board Member | 0.00 | X | 0 | 0 | 0 | |
| Daniel Thames | ||||||
| Board Member | 0.00 | X | 0 | 0 | 0 | |
| Lawrence Ross | ||||||
| Board Member | 0.00 | X | 0 | 0 | 0 | |
| Brenda Shelton | ||||||
| Board Member | 0.00 | X | 0 | 0 | 0 | |
| Dan Allen | ||||||
| Treasurer | 0.00 | X | 0 | 0 | 0 | |
| Martha Mattocks | ||||||
| Board Member | 0.00 | X | 0 | 0 | 0 | |
| Susan Steelman | ||||||
| Board Member | 0.00 | X | 0 | 0 | 0 | |
| Sara Beth Terrell | ||||||
| Board Member | 0.00 | X | 0 | 0 | 0 | |
| Jon Mitchell | ||||||
| Board Member | 0.00 | X | 0 | 0 | 0 | |
| Tom Wright | ||||||
| Chair | 0.00 | X | 0 | 0 | 0 | |
| Wilson Sheldon Jr | ||||||
| CEO | 40.00 | 166807 | 0 | 0 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 166807 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 1332243 | AllOtherContributions |
| Total Contributions | 1332243 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Resident services | Description |
| Business Code | 623000 | BusinessCode |
| Total Revenue Column | 23664598 | TotalRevenueColumn |
| Related Or Exempt Function Income | 23664598 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 23664598 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 472990 | TotalRevenueColumn |
| Exclusion | $472,990 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 5362476 | Securities |
| Other | 545480 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6167459 | Securities |
| Other | 548248 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -804983 | Securities |
| Other | -2768 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -807751 | TotalRevenueColumn |
| Exclusion | -$807,751 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Change in value of spl | Description |
| Business Code | 623000 | BusinessCode |
| Total Revenue Column | -32480 | TotalRevenueColumn |
| Related Or Exempt Function Income | -32480 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | -32480 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 24629600 | TotalRevenueColumn |
| Related Or Exempt Function Income | 23632118 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | -$334,761 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11080462 | Total |
| Program Services | 9835490 | ProgramServices |
| Management And General | 1244972 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 270000 | Total |
| Program Services | 212777 | ProgramServices |
| Management And General | 57223 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 851616 | Total |
| Program Services | 774471 | ProgramServices |
| Management And General | 77145 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4187 | Total |
| Management And General | 4187 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 76364 | Total |
| Management And General | 76364 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 103444 | Total |
| Program Services | 103444 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 164316 | Total |
| Program Services | 77260 | ProgramServices |
| Management And General | 87056 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4385 | Total |
| Program Services | 4385 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 46422 | Total |
| Program Services | 37925 | ProgramServices |
| Management And General | 8497 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 706024 | Total |
| Program Services | 621301 | ProgramServices |
| Management And General | 84723 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1984998 | Total |
| Program Services | 1885748 | ProgramServices |
| Management And General | 99250 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| Insurance | 1923535 | 1816504 | 107031 |
| Dietary | 1864238 | 1864238 | |
| Early termination of sw | 1586716 | 1396310 | 190406 |
| Utilities | 1084020 | 107952 | 976068 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3483979 | Total |
| Program Services | 3293588 | ProgramServices |
| Management And General | 190391 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25234706 | Total |
| Program Services | 22031393 | ProgramServices |
| Management And General | 3203313 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6060531 | BOY |
| EOY | 8306022 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1017272 | BOY |
| EOY | 1750447 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 200957 | BOY |
| EOY | 200943 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 267741 | BOY |
| EOY | 284173 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 78606351 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 29396610 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50503018 | BOY |
| EOY | 49209741 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17749674 | BOY |
| EOY | 18654453 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1375504 | BOY |
| EOY | 332070 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 77174697 | BOY |
| EOY | 78737849 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1987558 | BOY |
| EOY | 2160942 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12006651 | BOY |
| EOY | 11264558 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37745000 | BOY |
| EOY | 36665000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1739500 | BOY |
| EOY | 1697000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1684525 | BOY |
| EOY | 207546 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 55163234 | BOY |
| EOY | 51995046 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20252554 | BOY |
| EOY | 26050135 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1693909 | BOY |
| EOY | 627668 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65000 | BOY |
| EOY | 65000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22011463 | BOY |
| EOY | 26742803 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 77174697 | BOY |
| EOY | 78737849 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -605106 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 5336446 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 294280 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 196638 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 184218 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 426574 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1332243 | CurrentTaxYear |
| Total | 2433953 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 22154506 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 22523520 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 22601926 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 23478229 | CurrentTaxYearMinus1Year |
| Current Tax Year | 23664598 | CurrentTaxYear |
| Total | 114422779 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 22448786 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 22720158 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 22786144 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 23904803 | CurrentTaxYearMinus1Year |
| Current Tax Year | 24996841 | CurrentTaxYear |
| Total | 116856732 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 116856732 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1060338 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 536830 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 386167 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 475544 | CurrentTaxYearMinus1Year |
| Current Tax Year | 472990 | CurrentTaxYear |
| Total | 2931869 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1060338 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 536830 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 386167 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 475544 | CurrentTaxYearMinus1Year |
| Current Tax Year | 472990 | CurrentTaxYear |
| Total | 2931869 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 23509124 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 23256988 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 23172311 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 24380347 | CurrentTaxYearMinus1Year |
| Current Tax Year | 25469831 | CurrentTaxYear |
| Total | 119788601 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.97550 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.97060 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.02450 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.02940 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5179990 | OtherCostOrOtherBasis |
| Book Value | 5179990 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 62227655 | OtherCostOrOtherBasis |
| Depreciation | 23666969 | Depreciation |
| Book Value | 38560686 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6100063 | OtherCostOrOtherBasis |
| Depreciation | 1743121 | Depreciation |
| Book Value | 4356942 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5098643 | OtherCostOrOtherBasis |
| Depreciation | 3986520 | Depreciation |
| Book Value | 1112123 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 49209741 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Occupancy deposits | $16,800 |
| Obligation under interest rate swap | $190,746 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 207546 | TotalOfAmounts |
| Total Revenue | 24629600 | TotalRevenue |
| Total Expenses | 25234706 | TotalExpenses |
| Excess Or Deficit For Year | -605106 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 3888192 | NetUnrealizedGLOnInvestments |
| Other | $1,448,254 | OtherAmount |
| Total Adjustments | 5336446 | TotalAdjustments |
| Excess Or Deficit Per FS | 4731340 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 29966046 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 3888192 | NetUnrealizedGainsInvestments |
| Other Revenues | 1448254 | OtherRevenues |
| Revenue Not Rptd F990 | 5336446 | RevenueNotRptdF990 |
| Revenue Subtotal | 24629600 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 24629600 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 25234706 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 25234706 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 25234706 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Description of Uncertain Tax Positions Under FIN 48: | Part X: | No uncertain tax positions under FIN 48 |
| Part XI, Line 8 - Other Adjustments: | Unrealized gain/loss on interest rate swap 1,448,254. | |
| Part XII, Line 2d - Other Adjustments: | Unrealized gain on interest rate swap 1,448,254. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Wilson Sheldon Jr | NamePerson |
| Base Compensation Filing Org | 166807 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 0 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 166807 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | North Carolina Medical Care Commission | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 521309402 | IssuerEIN |
| CUSIP Number | 657902M41 | CUSIPNumber |
| Date Issued | 2011-11-01 | DateIssued |
| Issue Price | 37745000 | IssuePrice |
| Description Of Purpose | Refunding prior bond issue dated 10/16/03 | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 1080000 | AmountRetired |
| Total Proceeds | 37745000 | TotalProceeds |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 1 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Branch Bank & Trust | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 7.000000000000 | TermOfHedge |
| Superintegrated Hedge | 0 | SuperintegratedHedge |
| Hedge Terminated | 0 | HedgeTerminated |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | (3c) Term of Hedge | Identifier |
| Explanation | Entered into two (2) year forward swap on September 27, 2012 effective September 1, 2014, for a seven (7) year term, ending November 1, 2021. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Form 990, Part VI, Section B, line 11 | The 990 is reviewed by the Executive Director, the Controller and Chairman of the board. | |
| Form 990, Part VI, Section B, line 12c | The policy is signed each time a member joins the board. The organization relies on the integrity of the board members to monitor their independence. | |
| Form 990, Part VI, Section B, line 15a | The CEO's compensation is set by the compensation committee of the board who are independent. | |
| Form 990, Part VI, Section C, line 19 | The Organization is regulated by the Insurance Commission and our Financials are part of the Disclosure required by them. | |
| Form 990, Part X, line 24e | Supplies: Program service expenses 782,439. Management and general expenses 55,360. Fundraising expenses 0. Total expenses 837,799. Repairs & maintenance: Program service expenses 809,114. Management and general expenses 0. Fundraising expenses 0. Total expenses 809,114. Contract Medical Services: Program service expenses 669,737. Management and general expenses 0. Fundraising expenses 0. Total expenses 669,737. Miscellaneous: Program service expenses 295,258. Management and general expenses 93,315. Fundraising expenses 0. Total expenses 388,573. Amortization of bond issue costs: Program service expenses 333,704. Management and general expenses 0. Fundraising expenses 0. Total expenses 333,704. Bad Debts: Program service expenses 267,792. Management and general expenses 0. Fundraising expenses 0. Total expenses 267,792. Prescription drugs, etc.: Program service expenses 92,524. Management and general expenses 0. Fundraising expenses 0. Total expenses 92,524. Telephone: Program service expenses 29,227. Management and general expenses 2,961. Fundraising expenses 0. Total expenses 32,188. Property Taxes: Program service expenses 11,036. Management and general expenses 19,220. Fundraising expenses 0. Total expenses 30,256. Dues and Subscriptions: Program service expenses 2,757. Management and general expenses 19,535. Fundraising expenses 0. Total expenses 22,292. | All Other Functional Expenses |
| Form 990, Part XI, line 5: | Net unrealized gains on investments: 3,888,192. Unrealized gain/loss on interest rate swap 1,448,254. Total to Form 990, Part XI, Line 5: 5,336,446. | Changes in Net Assets or Fund Balances: |