2024-08-13T11:04:28-05:00 2023-09-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2022-10-01 382067110 LIFECARE INC LIFE 2693810560 1400 N DRAKE ROAD KALAMAZOO MI 49006 TIM CAIN EXECUTIVE DIRECTOR 2693810560 2024-08-12 1 1 ALYSSA M KENT P01701477 2695674500 2024-08-12 2022 2024-08-08 14:25:15Z FRIENDSHIP VILLAGE TIM CAIN 1400 N DRAKE ROAD KALAMAZOO MI 49006 26415573 0 X WWW.FRIENDSHIPVILLAGEMI.COM X 1971 MI TO PROVIDE HOUSING, FOOD, NURSING CARE, AND OTHER RELATED SERVICES TO SENIOR CITIZENS. 15 15 462 23 0 0 5364019 457028 21532423 24590128 144179 282659 390708 518355 27431329 25848170 0 0 0 0 13762528 14471853 0 0 0 11759407 12349296 25521935 26821149 1909394 -972979 60766644 61185882 58933618 59350701 1833026 1835181 TO ESTABLISH, OPERATE AND MAINTAIN RETIREMENT FACILITIES FOR THE ELDERLY IN MICHIGAN. 0 0 23177156 0 24590128 TO ESTABLISH, OPERATE AND MAINTAIN RETIREMENT FACILITIES FOR THE ELDERLY IN MICHIGAN.THE ORGANIZATION PROVIDES CARE TO RESIDENTS WHO MEET CERTAIN CRITERIA UNDER ITS HARDSHIP DISCOUNT POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES. THE ORGANIZATION ESTIMATES THAT IT PROVIDED APPROXIMATELY $145,000 OF CHARITABILITY TO INDIGENT RESIDENTS DURING 2023. 23177156 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 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 1 40 0 1 462 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MI X LINDA BAILEY 2693810560 1400 N DRAKE ROAD KALAMAZOO MI 49006 EAN HAMILTON PRESIDENT 2.00 0.00 X X 0 0 0 SIMONE SCHICKER 1ST VICE PRESIDENT 2.00 0.00 X X 0 0 0 TAMAYI BWITITI 2ND VICE PRESIDENT 2.00 0.00 X X 0 0 0 KATHY BREYFOGLE TREASURER 2.00 0.00 X X 0 0 0 ED WILSON SECRETARY 2.00 0.00 X X 0 0 0 BETSY BALE EXECUTIVE DIRECTOR - PART YEAR 40.00 0.00 X X 200285 0 23537 BOB BROWN DIRECTOR 2.00 0.00 X 0 0 0 LISA CARRIVEAU DIRECTOR 2.00 0.00 X 0 0 0 TYLER GIBB DIRECTOR 2.00 0.00 X 0 0 0 CHRIS HADDEN DIRECTOR 2.00 0.00 X 0 0 0 RICHARD KURTH DIRECTOR 2.00 0.00 X 0 0 0 VICKI MARTIN DIRECTOR 2.00 0.00 X 0 0 0 TODD MCDONALD DIRECTOR 2.00 0.00 X 0 0 0 ANDREW MCLEOD DIRECTOR 2.00 0.00 X 0 0 0 DERL OBERLIN DIRECTOR 2.00 0.00 X 0 0 0 SCOTT SCHRUM DIRECTOR 2.00 0.00 X 0 0 0 TIM CAIN EXECUTIVE DIRECTOR 40.00 0.00 X 51058 0 2028 KATHRYN HARMON ADMINISTRATOR 40.00 0.00 X 159390 0 21093 DAVID RISER ASSISTANT ADMINSTRATOR 40.00 0.00 X 0 0 0 LINDA BAILEY DIRECTOR OF ACCOUNTING SERVICES 40.00 0.00 X 100142 0 22034 THOMAS ELLER MARKETING 40.00 0.00 X 116101 0 3060 DIANA DUNCAN DIRECTOR OF MARKETING 40.00 0.00 X 108831 0 14433 KENNETH GRESHACK MARKETING 40.00 0.00 X 113016 0 30409 TERRIE RILEY MARKETING 40.00 0.00 X 104196 0 12149 953019 0 128743 7 0 1 0 LCS HOLDING COMPANY LLC 400 LOCUST SUITE 820 DES MOINES IA 50309 MANAGEMENT SERVICES 1589315 SPECTRUM ACQUISITION LLC PO BOX 69268 BALTIMORE MD 21264 THERAPY SERVICES 608217 RABINE AMERICA MAINTENANCE LLC PO BOX 1114 BEDFORD PARK IL 60499 ROAD REPAIRS 365641 SACKETT'S FLOORING SOLUTIONS 4015 PORTAGE STREET KALAMAZOO MI 49001 FLOORING 255604 HI TECH ELECTRIC COMPANY 839 LENOX AVENUE PORTAGE MI 49024 ELECTRICAL SERVICES 186711 9 292167 164861 457028 APARTMENT & SVC FEES 623990 10151955 10151955 ASSISTED LIVING 623990 6368361 6368361 MEDICAL CENTER REV. 623990 5664737 5664737 DEF. REC-ADV/RF FEES 623000 1948125 1948125 RESIDENT MEALS 722210 322855 322855 134095 134095 24590128 249140 249140 600922 567403 33519 33519 33519 BEAUTY & BARBER 900099 103280 103280 LAUNDRY 900099 26520 26520 APARTMENT CUSTOM WORK 900099 16793 16793 371762 371762 518355 25848170 24590128 0 801014 540874 540874 10915999 10565606 350393 102195 86254 15941 2114769 1759228 355541 798016 729684 68332 1346714 1346714 12169 12169 107125 107125 47544 47544 1024320 893817 130503 247450 247450 2340491 2217482 123009 915037 915037 2384521 2146069 238452 MEDICAL SUPPLIES 2299200 2299200 EQUIPMENT REPAIR 829560 829560 DUES AND LICENSES 192740 158370 34370 BAD DEBTS EXPENSE 51170 51170 551255 278229 273026 26821149 23177156 3643993 0 1124649 4979370 6567905 7903543 1267783 906607 263300 204034 483335 489569 79524757 39624318 40648116 39900439 5849944 6802320 4561612 0 60766644 61185882 2107603 2289745 13387886 13202360 22013754 21576254 21424375 22282342 58933618 59350701 X -4516650 -5426924 6349676 7262105 1833026 1835181 60766644 61185882 -972979 975134 0 X X 0 1 X 1 0 X 268258 1305607 788288 4924523 457028 7743704 21331212 21710781 22828151 21971919 24590128 112432191 21599470 23016388 23616439 26896442 25047156 120175895 0 474082 1292391 6495 482801 2255769 474082 1292391 6495 482801 2255769 117920126 214636 220677 171239 157872 249140 1013564 214636 220677 171239 157872 249140 1013564 265706 264639 196194 390708 518355 1635602 22079812 23501704 23983872 27445022 25814651 122825061 0.96010 0.96450 0.00830 0.00810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6349676 1057385 144956 7262105 8054546 -1502974 201896 6349676 6663246 1543 1789370 399613 8054546 5897715 196435 954362 385266 6663246 6318851 21317 124831 567284 5897715 0.00000 0.00000 1.00000 0 0 803696 803696 68778664 33244044 35534620 3336669 1750057 1586612 3448027 2336206 1111821 3157701 2294011 863690 39900439 DEPOSITS 274250 REFUNDABLE FEES 22008092 22282342 26775760 975134 975134 25800626 47544 47544 25848170 26773605 0 26773605 47544 47544 26821149 0 0 0 0 0 0 0 0 0 BETSY BALE EXECUTIVE DIRECTOR - PART YEAR 138191 0 62094 0 0 0 0 0 23537 0 223822 0 0 0 KATHRYN HARMON ADMINISTRATOR 128671 0 30719 0 0 0 0 0 21093 0 180483 0 0 0 A ECONOMIC DEVELOPMENT CORPORATION OF THE CITY OF KALAMAZOO 386004627 NONEAVAIL 2021-06-29 11965000 REFUND BONDS - 2010 0 0 0 B MICHIGAN STRATEGIC FUND 521417332 NONEAVAIL 2021-06-29 8685000 REFUND BONDS - 2014 0 0 0 A 335000 11965000 371612 2872932 8720456 2021 1 0 1 1 B 245000 8685000 269468 8415532 2021 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 A 0 B 0 SCHEDULE K, PART II, LINE 3 THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS SCHEDULE K, PART IV, ARBITRAGE, LINE 2C NOTE REGARDING REBATE COMPUTATION ON 6/17/2011; SINCE THE BOND PROCEEDS HAVE BEEN SPENT, A SPENDING EXCEPTION WAS MET, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. NOTE REGARDING REBATE COMPUTATION ON 12/31/2017; SINCE THE BOND PROCEEDS HAVE BEEN SPENT AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. FORM 990, PART VI, SECTION A, LINE 3 A MANAGEMENT COMPANY IS CONTRACTED TO PROVIDE THE ORGANIZATION WITH INDIVIDUALS TO PERFORM MANAGEMENT DUTIES. THE MANAGEMENT COMPANY UTILIZES ITS OWN SYSTEMS, POLICIES AND PROCEDURES TO MANAGE THE OPERATIONS OF THE COMMUNITY. THEY REPORT TO THE BOARD OF DIRECTORS OF THE FILING ORGANIZATION WHO OVERSEE ALL DECISIONS MADE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ACCOUNTING DIRECTOR. AMOUNTS ARE COMPARED TO THE INTERNALLY PREPARED FINANCIAL STATEMENTS AND THE AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO SIGN A NEW CONFLICT OF INTEREST STATEMENT ANNUALLY. ALL FILES ARE KEPT UP-TO-DATE BY THE ADMINISTRATIVE ASSISTANT. ANY CONFLICTS ARE REVIEWED BY THE EXECUTIVE DIRECTOR AND EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. IF A CONFLICT DOES ARISE, IT DEPENDS ON THE SITUATION, BUT IN AN EXTREME SITUATION A MEMBER MAY NEED TO RESIGN FROM THE BOARD DEPENDING ON THE COMPLEXITY. OTHERWISE THEY WOULD ABSTAIN FROM VOTING AND LEAVE THE MEETING DURING DISCUSSIONS. FORM 990, PART VI, SECTION B, LINE 15 FRIENDSHIP VILLAGE DEFERS TO THE MANAGEMENT COMPANY'S PROCESS FOR DETERMINING EXECUTIVE COMPENSATION. THE MANAGEMENT COMPANY DETERMINES COMPENSATION FOR THE IDENTIFIED INDIVIDUALS IS BASED ON MERIT AND COMPARATIVE COMPENSATION IN THE MARKET. ANY PROPOSED COMPENSATION CHANGES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES IN THE PROCESS SINCE PRIOR YEAR.