2024-11-07T12:33:25-06:00 2023-12-31 910189318 MOSS ADAMS LLP 21700 OXNARD ST STE 300 WOODLAND HILLS CA 91367 990 2023-01-01 860501985 FRIENDSHIP FOUNDATION INC FRIE 6238473005 8611 NORTH 67TH AVENUE GLENDALE AZ 85302 KATHLEEN HURLEY CFO 6238473005 2024-11-05 1 0 LAUREN A HAVERLOCK P00545829 8185771900 2024-11-05 2023 2024-10-15 13:58:12Z JOHN THORHAUER 8611 NORTH 67TH AVENUE GLENDALE AZ 85302 812745 0 X WWW.GLENCROFT.COM X 1984 AZ FRIENDSHIP FOUNDATION, INC. WILL PLAN AND IMPLEMENT STRATEGIES TO RAISE FUNDS FOR NEEDS IDENTIFIED BY FRIENDSHIP RETIREMENT CORPORATION, AND WILL WORK TO RAISE THE AWARENESS OF GLENCROFT - ITS MINISTRY, PROGRAMS, AND SERVICES. 9 9 0 9 0 0 455094 675264 0 0 116622 137481 0 0 571716 812745 0 39708 0 0 92372 89512 0 0 0 257174 262920 349546 392140 222170 420605 5299319 6323264 35488 50089 5263831 6273175 X OUR MISSION IS TO EMPOWER PEOPLE TO LIVE THEIR BEST LIVES, AND OUR VISION IS TO BE THE PREMIER PROVIDER OF AFFORDABLE SERVICES ENRICHING QUALITY OF LIFE FOR EVERYONE AT EVERY STAGE OF LIFE. TO ACCOMPLISH, OUR VALUES SHALL INCLUDE:INTEGRITY - WE ADHERE TO THE HIGHEST ETHICAL STANDARDS.COMPASSION - WE ARE SENSITIVE TO EVERY PERSON'S UNIQUE NEEDS.EXCELLENCE - WE ARE ACCOUNTABLE TO DELIVER EXCELLENCE IN OUR WORK.INNOVATION - WE DEVELOP AND GROW BY PROVIDING LEADING-EDGE SERVICES.SUSTAINABILITY - WE USE RESOURCES EFFICIENTLY.COLLABORATION - WE FURTHER OUR MISSION THROUGH COOPERATIVE EFFORTS. 0 0 258217 39708 0 ASSIST SENIORS AT FRIENDSHIP RETIREMENT CORPORATION WITH FINANCIAL SUPPORT ASSISTED FRIENDSHIP RETIREMENT CORPORATION AND AFFILIATES WITH FUNDING FOR PROGRAM SUPPORT TO PROVIDE SERVICES TO OVER 720 SENIORS.ASSIST EMPLOYEES OF FRIENDSHIP RETIREMENT CORPORATION WITH FINANCIAL ASSISTANCE AND SCHOLARSHIP SUPPORT. 258217 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 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 1 0 0 0 1 X 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X KATHLEEN HURLEY 6239399475 8611 NORTH 67TH AVENUE GLENDALE AZ 85302 CATHY ECKSTEIN CHAIR 2.00 8.00 X X 0 0 0 JACQUELYN SMITH VICE CHAIR 2.00 8.00 X X 0 0 0 BRIAN HOLLRAH TREASURER 2.00 8.00 X X 0 0 0 STEVE KOCH SECRETARY 5.00 20.00 X X 0 0 0 NINA SHAH MD DIRECTOR 5.00 20.00 X 0 0 0 PETER PATTERSON MD DIRECTOR 2.00 8.00 X 0 0 0 LISA MONTMAN CPA DIRECTOR 2.00 8.00 X 0 0 0 FLOYD WHITTAKER DIRECTOR 2.00 8.00 X 0 0 0 DYAN BYMARK DIRECTOR 2.00 8.00 X 0 0 0 JOHN THORHAUER CEO 20.00 20.00 X 0 349201 4839 DON MAY CFO 8.00 32.00 X 0 161420 3228 0 510621 8067 0 0 1 0 0 36666 638598 675264 137481 137481 812745 0 0 137481 39708 39708 83109 83109 45 45 6358 6358 12000 12000 44149 44149 29661 29661 6785 6785 15854 8423 7431 1585 1585 7125 7125 SUPPLIES 42682 42682 HONORARY GIFT AND MISSI 40644 30644 10000 VITAL MONITORS 34435 34435 DINING ROBOTICS EXPENDI 28000 28000 392140 258217 133923 0 231135 556200 226366 1447195 253 4036 4821829 4297812 19736 18021 5299319 6323264 35488 50089 35488 50089 X 638445 571691 4625386 5701484 5263831 6273175 5299319 6323264 420605 588739 0 X X 0 1 X 1 1 1 X 399954 346768 356595 455094 675264 2233675 399954 346768 356595 455094 675264 2233675 59526 2174149 100624 115657 165225 116622 137481 635609 2869284 0.75770 0.73940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4162161 2000 691447 6275 4849333 5093987 4600 -936426 4162161 4373434 3100 732533 15080 5093987 3660231 2100 761946 50843 4373434 3090833 81201 672593 184396 3660231 0.00000 0.86000 0.14000 0 0 0 X 1371823 588739 588739 783084 29661 29661 812745 362479 0 362479 29661 29661 392140 PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT CORPORATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND, ACCORDINGLY, THERE IS NO PROVISION FOR INCOME TAXES. INCOME DETERMINED TO BE UNRELATED BUSINESS INCOME TAX (UBIT) WOULD BE TAXABLE. THE FOUNDATION APPLIES THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. THIS STANDARD PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE FOUNDATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. 0 RESIDENT SUPPORT 23 22963 MEAL ASSISTANCE 68 16560 SCHOOL SUPPLY FUNDS 85 185 0 0 0 0 0 0 0 0 0 JOHN THORHAUER CEO 0 315001 0 34200 0 0 0 4839 0 0 0 354040 0 0 DON MAY CFO 0 161420 0 0 0 0 0 3228 0 0 0 164648 0 0 SCHEDULE J, PART I, LINE 3: FRIENDSHIP RETIREMENT CORPORATION, A RELATED ORGANIZATION USES A COMPENSATION SURVEY AND APPROVAL BY BOARD/COMPENSATION COMMITTEE TO DETERMINE THE CEO'S COMPENSATION. FORM 990, PART V, LINE 2: ALL PAYROLL REPORTING IS MANAGED BY FRIENDSHIP RETIREMENT CORPORATION, WHICH ACTS AS THE COMMON PAYMASTER FOR THE FILING ENTITY. AS SUCH, THERE ARE NO W-2S REPORTED ON THIS RETURN. FORM 990, PART VI, SECTION A, LINE 3 FRIENDSHIP RETIREMENT CORPORATION PROVIDES MANAGEMENT AND ADMINISTRATIVE SERVICES TO THE FOUNDATION WITHOUT CHARGE. FORM 990, PART VI, SECTION A, LINE 6 FRIENDSHIP RETIREMENT CORPORATION HAS THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. FORM 990, PART VI, SECTION A, LINE 7A ALL NOMINATIONS FOR BOARD TRUSTEES MUST BE APPROVED BY THE BOARD OF DIRECTORS OF FRIENDSHIP RETIREMENT CORPORATION. THE BOARD OF DIRECTORS OF FRIENDSHIP RETIREMENT CORPORATION SHALL APPOINT INDIVIDUALS TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS AND CERTIFICATE OF INCORPORATION OR THE ARTICLES OF AMENDMENT TO THE ARTICLES OF INCORPORATION MAY BE AMENDED BY A TWO-THIRDS VOTE OF THE TRUSTEES PRESENT AT A REGULAR OR SPECIAL MEETING CALLED FOR SUCH PURPOSE, PROVIDING THIRTY DAYS NOTICE HAS BEEN GIVEN WITH APPROVAL BY THE BOARD OF DIRECTORS OF FRIENDSHIP RETIREMENT CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS REVIEWED BY THE CFO AND THE FINAL DRAFT OF THE 990 IS EMAILED TO ALL BOARD MEMBERS PRIOR TO BEING FILED WITH THE IRS. BOARD MEMBERS HAVE A COMMENT PERIOD IN WHICH TO RESPOND WITH QUESTIONS OR CHANGES. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. THE BOARD CHAIR AND THE CEO DETERMINE IF THERE IS A CONFLICT OF INTEREST BASED ON CONFLICT OF INTEREST POLICY QUESTIONNAIRES GIVEN TO EACH BOARD MEMBER AT THE START OF THE BOARD YEAR. WHEN A CONFLICT ARISES, THE INTERESTED PARTY IS NOT ALLOWED TO VOTE ON THE ISSUE AND MAY BE ASKED TO LEAVE THE ROOM. DURING DISCUSSION OF THE ISSUE IT IS NOTED IN THE MINUTES WHEN SOMEONE HAS A CONFLICT AND THAT PERSON HAS ABSTAINED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE CPO CONDUCTS A REVIEW OF THE EXECUTIVE'S COMPENSATION THAT INCLUDES A COMPARISON OF COMPENSATION PAID BY SIMILARLY SIZED PEER ORGANIZATIONS IN THE SAME GEOGRAPHIC LOCATION. THE EXECUTIVE COMPENSATION REPORT IS REVIEWED AND APPROVED BY THE BOARD ANNUALLY. THIS REVIEW TAKES PLACE VIA FRIENDSHIP RETIREMENT CORPORATION, WHICH HAS THE SAME GOVERNING BODY AS THE FILING ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE IN THE GLENCROFT LIBRARY FOR REVIEW UPON REQUEST FROM THE CORPORATE OFFICE. ARTICLES OF INCORPORATION AND BYLAWS ARE AVAILABLE UPON REQUEST FROM THE CORPORATE OFFICE. THE CONFLICT OF INTEREST POLICY IS NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SARAH'S PLACE INC 8611 N 67TH AVENUE GLENDALE AZ 85302 364654886 ASSISTED LIVING AZ LINE 10 FRIENDSHIP RETIREMENT CORPORATION 0 GLENCROFT TOWERS INC 8611 N 67TH AVENUE GLENDALE AZ 85302 860861606 LOW INCOME HOUSING AZ LINE 10 FRIENDSHIP RETIREMENT CORPORATION 0 COLTER COMMONS INC 8611 N 67TH AVENUE GLENDALE AZ 85302 364662674 LOW INCOME HOUSING AZ LINE 10 FRIENDSHIP RETIREMENT CORPORATION 0 FRIENDSHIP RETIREMENT CORPORATION 8611 N 67TH AVENUE GLENDALE AZ 85302 820265218 RETIREMENT COMMUNITY AZ LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0