Executive Director

2011-12-12T13:00:44-06:00 2011-09-30 Turlington and Company LLP PO Box 1697 Lexington NC 272931697 990 2010-10-01 560754599 Friends Homes Inc FRIE 3362928187 925 New Garden Road Greensboro NC 27410 Wilson Sheldon Executive Director 3362928187 2011-12-01 Marcia W Henriksen 3362496856 2010 2016-02-24 21:20:13Z Wilson Sheldon 925 New Garden Road Greensboro NC 27410 26110798 0 X 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 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. 25 25 403 366 0 0 186299 426574 22599845 23478229 478049 359916 0 0 23264193 24264719 0 0 0 0 11445855 11747647 0 0 0 10549242 11094116 21995097 22841763 1269096 1422956 78532071 77174697 57308755 55163234 21223316 22011463 To provide nursing and residential care and other support services to the elderly. 0 0 19728951 23478229 There are 10 cottages, 361 apartments, 90 assisted care beds and 109 nursing beds. 19728951 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 126 0 403 1 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X Wilson Sheldon 3362928187 925 New Garden Road Greensboro NC 27410 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 40.00 X 162875 0 0 162875 0 0 1 0 1 0 0 426574 22572 426574 Resident services 623000 23478229 23478229 23478229 475544 475544 1730451 1846079 -115628 -115628 -115628 24264719 23478229 0 359916 10708569 9437734 1270835 271212 232631 38581 767866 689387 78479 14793 14793 73084 73084 82926 82926 164776 86952 77824 51516 43741 7775 1159195 1047075 112120 1971734 1873147 98587 Dietary 1816085 1816085 Insurance 1750634 1635608 115026 Utilities 1068889 108662 960227 Supplies 773380 726529 46851 Repairs & maintenance 695805 695805 1471299 1252669 218630 22841763 19728951 3112812 0 8403312 6060531 1354151 1017272 184437 200957 531124 267741 78460036 27957018 51883878 50503018 14931022 17749674 1244147 1375504 78532071 77174697 1874168 1987558 12753996 12006651 38805000 37745000 1741500 1739500 2134091 1684525 57308755 55163234 X 19594891 20252554 1613425 1693909 15000 65000 21223316 22011463 78532071 77174697 X 1422956 -634809 X 0 1 1 X 0 X 62281 294280 196638 184218 426574 1163991 21925050 22154506 22523520 22601926 23478229 112683231 21987331 22448786 22720158 22786144 23904803 113847222 0 0 0 113847222 990836 1060338 536830 386167 475544 3449715 990836 1060338 536830 386167 475544 3449715 22978167 23509124 23256988 23172311 24380347 117296937 0.97060 0.96670 0.02940 0.03330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5179990 5179990 62106360 22145191 39961169 5820800 1534897 4285903 5352886 4276930 1075956 50503018 Occupancy deposits 45525 Obligation under interest rate swap 1639000 1684525 24264719 22841763 1422956 -1011928 377119 -634809 788147 23629910 -1011928 377119 -634809 24264719 0 24264719 22841763 0 22841763 0 22841763 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. X 1 1 X 0 0 0 0 0 0 0 0 0 Wilson Sheldon Jr 162875 0 0 0 0 0 0 0 0 0 162875 0 0 0 North Carolina Medical Care Commission 521309402 657902M41 2003-10-16 45165000 Constructing continuing care retirement facilities and refund prior issue 0 0 0 45165000 680631 23699447 2004 1 0 1 1 0 0 0 0 1 1 1 1 1 Bank of America 10.000000000000 0 0 0 0 0 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: 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.