FRIENDS HOMES INC: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: FRIENDS HOMES INC (EIN 56-0754599)
Tax period: 2010-10-01 to 2011-09-30
Filed: 2011-12-12
IRS object ID: 201123469349300257
Schema version: 2010v3.4
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
Form 990
Schedule A
Schedule B
Schedule D
Schedule J
Schedule K
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-12-12T13:00:44-06:00	Timestamp
Tax Period End Date	2011-09-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

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	2010-10-01	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	2011-12-01	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Marcia W Henriksen	Name
Phone	3362496856	Phone

Field	Value	IRS element (for citing)
Tax Year	2010	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	26110798	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	403	TotalNbrEmployees
Total Nbr Volunteers	366	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	186299	ContributionsGrantsPriorYear
Contributions Grants Current Year	426574	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	22599845	ProgramServiceRevenuePriorYear
Program Service Revenue CY	23478229	ProgramServiceRevenueCY
Investment Income Prior Year	478049	InvestmentIncomePriorYear
Investment Income Current Year	359916	InvestmentIncomeCurrentYear
Other Revenue Prior Year	0	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	23264193	TotalRevenuePriorYear
Total Revenue Current Year	24264719	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	11445855	SalariesEtcPriorYear
Salaries Etc Current Year	11747647	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	10549242	OtherExpensePriorYear
Other Expenses Current Year	11094116	OtherExpensesCurrentYear
Total Expenses Prior Year	21995097	TotalExpensesPriorYear
Total Expenses Current Year	22841763	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	1269096	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	1422956	RevenuesLessExpensesCY
Total Assets BOY	78532071	TotalAssetsBOY
Total Assets EOY	77174697	TotalAssetsEOY
Total Liabilities BOY	57308755	TotalLiabilitiesBOY
Total Liabilities EOY	55163234	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	21223316	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	22011463	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	19728951	Expense
Revenue	23478229	Revenue
Description	There are 10 cottages, 361 apartments, 90 assisted care beds and 109 nursing beds.	Description
Total Program Service Expense	19728951	TotalProgramServiceExpense
Described In501 C3	1	DescribedIn501C3
Schedule B Required	1	ScheduleBRequired
Political Activities	0	PoliticalActivities
Lobbying Activities	0	LobbyingActivities
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	0	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	126	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	403	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	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Average Hours Per WeekAverageHoursPerWeek	Key EmployeeKeyEmployee
Jack Kirk
Board Member	X	0	0	0
Dick Coe
Secretary	X	0	0	0
Ed Harris
Board Member	X	0	0	0
Mark Farlow
Board Member	X	0	0	0
Dale Brent McKinney
Board Member	X	0	0	0
Sarah Johnson
Board Member	X	0	0	0
Martha Jo Jones
Board Member	X	0	0	0
David Millikan
Board Member	X	0	0	0
Janie Edgerton
Board Member	X	0	0	0
Carolyn McPherson
Board Member	X	0	0	0
Clark English
Vice-chair	X	0	0	0
Jim Newlin
Board Member	X	0	0	0
Scott Wagoner
Board Member	X	0	0	0
Carl Semmler
Board Member	X	0	0	0
Gwen Taylor
Board Member	X	0	0	0
Terri Harris
Board Member	X	0	0	0
Daniel Thames
Board Member	X	0	0	0
Lawrence Ross
Board Member	X	0	0	0
Brenda Shelton
Board Member	X	0	0	0
Dan Allen
Treasurer	X	0	0	0
Mary Farlow
Board Member	X	0	0	0
Carole Hunter
Board Member	X	0	0	0
Sara Beth Terrell
Board Member	X	0	0	0
Jon Mitchell
Board Member	X	0	0	0
Tom Wright
Chair	X	0	0	0
Wilson Sheldon Jr
CEO		162875	0	0	40.00	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	162875	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	426574	AllOtherContributions
Noncash Contributions	22572	NoncashContributions
Total Contributions	426574	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	Resident services	Description
Business Code	623000	BusinessCode
Total Revenue Column	23478229	TotalRevenueColumn
Related Or Exempt Function Income	23478229	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	23478229	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	475544	TotalRevenueColumn
Exclusion	$475,544	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	1730451	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	1846079	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	-115628	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-115628	TotalRevenueColumn
Exclusion	-$115,628	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	24264719	TotalRevenueColumn
Related Or Exempt Function Income	23478229	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$359,916	ExclusionAmount

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	10708569	Total
Program Services	9437734	ProgramServices
Management And General	1270835	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	271212	Total
Program Services	232631	ProgramServices
Management And General	38581	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	767866	Total
Program Services	689387	ProgramServices
Management And General	78479	ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	14793	Total
Management And General	14793	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	73084	Total
Management And General	73084	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	82926	Total
Program Services	82926	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	164776	Total
Program Services	86952	ProgramServices
Management And General	77824	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	51516	Total
Program Services	43741	ProgramServices
Management And General	7775	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	1159195	Total
Program Services	1047075	ProgramServices
Management And General	112120	ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	1971734	Total
Program Services	1873147	ProgramServices
Management And General	98587	ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
Dietary	1816085	1816085
Insurance	1750634	1635608	115026
Utilities	1068889	108662	960227
Supplies	773380	726529	46851
Repairs & maintenance	695805	695805

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	1471299	Total
Program Services	1252669	ProgramServices
Management And General	218630	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	22841763	Total
Program Services	19728951	ProgramServices
Management And General	3112812	ManagementAndGeneral
Fundraising	0	Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	8403312	BOY
EOY	6060531	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	1354151	BOY
EOY	1017272	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	184437	BOY
EOY	200957	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	531124	BOY
EOY	267741	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	78460036	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	27957018	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	51883878	BOY
EOY	50503018	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	14931022	BOY
EOY	17749674	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	1244147	BOY
EOY	1375504	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	78532071	BOY
EOY	77174697	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	1874168	BOY
EOY	1987558	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	12753996	BOY
EOY	12006651	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	38805000	BOY
EOY	37745000	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	1741500	BOY
EOY	1739500	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	2134091	BOY
EOY	1684525	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	57308755	BOY
EOY	55163234	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	19594891	BOY
EOY	20252554	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	1613425	BOY
EOY	1693909	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	15000	BOY
EOY	65000	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	21223316	BOY
EOY	22011463	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	78532071	BOY
EOY	77174697	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	1422956	ReconcilationRevenueExpenses
Reconcilation Other Changes	-634809	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	62281	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	294280	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	196638	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	184218	CurrentTaxYearMinus1Year
Current Tax Year	426574	CurrentTaxYear
Total	1163991	Total

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	21925050	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	22154506	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	22523520	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	22601926	CurrentTaxYearMinus1Year
Current Tax Year	23478229	CurrentTaxYear
Total	112683231	Total

Total509 Total509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	21987331	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	22448786	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	22720158	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	22786144	CurrentTaxYearMinus1Year
Current Tax Year	23904803	CurrentTaxYear
Total	113847222	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	113847222	PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	990836	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	1060338	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	536830	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	386167	CurrentTaxYearMinus1Year
Current Tax Year	475544	CurrentTaxYear
Total	3449715	Total

Investment Income And UBTI InvestmentIncomeAndUBTI

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	990836	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	1060338	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	536830	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	386167	CurrentTaxYearMinus1Year
Current Tax Year	475544	CurrentTaxYear
Total	3449715	Total

Total Support Total TotalSupportTotal

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	22978167	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	23509124	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	23256988	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	23172311	CurrentTaxYearMinus1Year
Current Tax Year	24380347	CurrentTaxYear
Total	117296937	Total

Field	Value	IRS element (for citing)
Public Support Percentage509	0.97060	PublicSupportPercentage509
Prior Year Support Percentage	0.96670	PriorYearSupportPercentage
Investment Income Percentage	0.02940	InvestmentIncomePercentage
Prior Yr Invest Income Percentage	0.03330	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	62106360	OtherCostOrOtherBasis
Depreciation	22145191	Depreciation
Book Value	39961169	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	5820800	OtherCostOrOtherBasis
Depreciation	1534897	Depreciation
Book Value	4285903	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	5352886	OtherCostOrOtherBasis
Depreciation	4276930	Depreciation
Book Value	1075956	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	50503018	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
Occupancy deposits	$45,525
Obligation under interest rate swap	$1,639,000

Field	Value	IRS element (for citing)
Total Of Amounts	1684525	TotalOfAmounts
Total Revenue	24264719	TotalRevenue
Total Expenses	22841763	TotalExpenses
Excess Or Deficit For Year	1422956	ExcessOrDeficitForYear
Net Unrealized GL On Investments	-1011928	NetUnrealizedGLOnInvestments
Other	$377,119	OtherAmount
Total Adjustments	-634809	TotalAdjustments
Excess Or Deficit Per FS	788147	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	23629910	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	-1011928	NetUnrealizedGainsInvestments
Other Revenues	377119	OtherRevenues
Revenue Not Rptd F990	-634809	RevenueNotRptdF990
Revenue Subtotal	24264719	RevenueSubtotal
Revenue Not Rptd On Fin Stmt	0	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	24264719	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	22841763	TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F990	0	ExpensesNotRptdF990
Expenses Subtotal	22841763	ExpensesSubtotal
Expenses Not Rptd On Fin Stmt	0	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	22841763	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 408,591. Change in value of split-interest agreements -31,472.
Part XII, Line 2d - Other Adjustments:		Unrealized loss on interest rate swap 408,591. Change in value of split interest agreements -31,472.

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	162875	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	162875	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	2003-10-16	DateIssued
Issue Price	45165000	IssuePrice
Description Of Purpose	Constructing continuing care retirement facilities and refund prior issue	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)
Total Proceeds	45165000	TotalProceeds
Issuance Costs From Proceeds	680631	IssuanceCostsFromProceeds
Capital Expenditures	23699447	CapitalExpenditures
Year Of Subst Completion	2004	YearOfSubstCompletion
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
Bond Counsel Routinely Engaged	1	BondCounselRoutinelyEngaged
Post Issuance Compliance Procdrs	1	PostIssuanceComplianceProcdrs

Form990 Schedule K Part IV Form990ScheduleKPartIV

Field	Value	IRS element (for citing)
Form8038 T Filed	1	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	Bank of America	BusinessNameLine1

Field	Value	IRS element (for citing)
Term Of Hedge	10.000000000000	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

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	ExplanationExplanation	Return ReferenceReturnReference
Form 990, Part VI, Section B, line 11	The 990 is reviewed by the Executive Director, the controller and Chairman of the board.
	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 12c
	The CEO's compensation is set by the compensation committee of the board who are independent.	Form 990, Part VI, Section B, line 15a
	The Organization is regulated by the Insurance Commission and our Financials are part of the Disclosure required by them.	Form 990, Part VI, Section C, line 19
Changes in Net Assets or Fund Balances:	Net unrealized losses on investments: -1,011,928. Unrealized gain/loss on interest rate swap 408,591. Change in value of split-interest agreements -31,472. Total to Form 990, Part XI, Line 5: -634,809.	Form 990, Part XI, line 5: