2024-05-02T09:52:14-05:00 2023-06-30 540504608 BROWN EDWARDS & COMPANY LLP 3906 ELECTRIC ROAD ROANOKE VA 24018 990 2022-07-01 260152373 FRIENDSHIP OUTPATIENT & WELLNESS SERVICES INC FRIE 5402652177 367 HERSHBERGER RD NW ROANOKE VA 24012 C MICHAEL SHANNON CFO 5402652177 2024-04-26 1 C MICHAEL SHANNON 999009999 0 EVAN ROSS P01786214 5403450936 2024-04-26 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z C MICHAEL SHANNON 367 HERSHBERGER RD NW ROANOKE VA 24012 897888 0 X WWW.FRIENDSHIP.US X 2007 VA SUPPORTING FRIENDS BY PROVIDING PEACE OF MIND 9 9 8 0 0 0 0 0 854755 897549 1002 339 0 0 855757 897888 0 0 0 0 627405 681574 0 0 0 198769 194758 826174 876332 29583 21556 131072 104648 2823515 2775535 -2692443 -2670887 X SUPPORTING FRIENDS BY PROVIDING PEACE OF MIND 0 0 687983 897549 THE COMPANY OFFERS PHYSICAL THERAPY SERVICES WHICH CONSIST OF: ORTHOPEDIC REHAB, INCLUDING JOINT REPLACEMENT, POST-FRACTURE, POST-SURGICAL/TRAUMA, ARTHRITIS, SPRAINS/STRAINS, AND DEGENERATIVE JOINT DISEASE; NEUROLOGICAL REHAB FROM STROKE, BRAIN INJURY, SPINAL CORD INJURY, MULTIPLE SCLEROSIS, PARKINSON'S ETC; PAIN RELIEF/CONTROL; THERAPEUTIC MASSAGE; STRENGTH AND FLEXIBILITY; AQUATIC THERAPY, LYMPHEDEMA AND EDEMA MANAGEMENT, VESTIBULAR REHAB AND OTHER SPECIALTY PROGRAMS. HOME HEALTH SERVICES ARE ALSO OFFERED TO HOME BOUND PATIENTS WHICH CONSISTS OF: ORTHOPEDIC REHAB, INCLUDING JOINT REPLACEMENT, POST-FRACTURE, POST-SURGICAL/TRAUMA, ARTHRITIS, SPRAIN/STRAINS, AND DEGENERATIVE JOINT DISEASE; NEUROLOGICAL REHAB FROM STROKE, BRAIN INJURY, SPINAL CORD INJURY, MULTIPLE SCLEROSIS, PARKINSON'S ETC; PAIN RELIEF/CONTROL; THERAPEUTIC MASSAGE; STRENGTH AND FLEXIBILITY. EDUCATIONAL INSTRUCTION IS ALSO GIVEN TO THE CARE GIVER TO MAINTAIN THE PLAN OF CARE. ALSO OFFERS OCCUPATIONAL THERAPY SERVICES WHICH CONSIST OF; SELF-CARE TRAINING, VISUAL PERCEPTION SCREENING, COMMUNITY RE-ENTRY TRAINING, UPPER EXTREMITY ORTHOPEDIC REHAB, LOW VISION TRAINING AND DRIVING EVALUATION. IN ADDITION, SPEECH THERAPY, DRIVING REHAB, AND WELLNESS PROGRAMS ARE OFFERED. THE WELLNESS PROGRAM CONSISTS OF; STRENGTH, CARDIO, AND BALANCE PROGRAMS THAT RANGE FROM BEGINNER TO ADVANCED. ALSO PROVIDES AQUATIC CLASSES FOR IMPROVED STRENGTH AND FLEXIBILITY. 687983 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 X 4 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X VALLEY MANAGEMENT CO INC 5402652177 367 HERSHBERGER RD NW ROANOKE VA 24012 X GLEN C COMBS DIRECTOR 1.00 6.00 X 0 53550 0 LUCIAN Y GROVE JR DIRECTOR 1.00 3.00 X 0 45100 0 KATHRYN K OELSCHLAGER VICE CHAIRMAN 1.00 3.00 X X 0 47800 0 ROBERT SANDEL DIRECTOR 1.00 4.00 X 0 51938 0 EDWIN R FEINOUR DIRECTOR 1.00 4.00 X 0 45600 0 JOHN B WILLIAMSON III DIRECTOR 1.00 5.00 X 0 20775 0 CYNDA A JOHNSON DIRECTOR 1.00 3.00 X 0 45100 0 ROBERT LAWSON CHAIRMAN 1.00 4.00 X X 0 56250 0 NATHANIEL BISHOP DIRECTOR 1.00 4.00 X 0 43320 0 CINDY MITCHELL BOARD SECRETARY 1.00 39.00 X 0 71431 1286 C MICHAEL SHANNON CFO 1.00 39.00 X 0 389942 14076 JOSEPH M HOFF PRESIDENT & CEO 1.00 39.00 X 0 509775 18335 BENJAMIN HIGGINS DIRECTOR OF HEALTHCARE OPE 1.00 39.00 X 0 209160 10320 ANGELA HUGHES VP HUMAN RESOURCES & COMPL 1.00 39.00 X 0 192351 10430 MARY RODGER DIRECTOR OF ACCOUNTING 1.00 39.00 X 0 174648 16075 TODD LOWE DIRECTOR OF IT 1.00 39.00 X 0 128765 15105 STEPHANIE DUNCAN DIRECTOR OF REVENUE CYCLE 1.00 39.00 X 0 131760 10750 DIANE BELL DIRECTOR OF THERAPY SERVIC 20.00 20.00 X 0 121366 14078 ASHLEY JEWELL DIRECTOR OF HUMAN RESOURCES 1.00 39.00 X 0 112257 8546 0 2450888 119001 0 0 1 0 0 THERAPY - PT/OT/ST 621400 889283 889283 WELLNESS PROGRAM 621400 5560 5560 MISCELLANEOUS 621400 2706 2706 897549 339 339 897888 897549 0 339 592009 521317 70692 10409 9561 848 34656 31833 2823 44500 39310 5190 80563 80563 408 408 6112 6112 864 24 840 12070 12070 54126 54126 1331 1261 70 16290 14867 1423 1083 990 93 MISCELLANEOUS 13016 1373 11643 PURCHASED SERVICES 11533 10428 1105 ANCILLARY/THERAPY 3851 3851 MAINTENANCE 2140 2140 -8629 -9210 581 876332 687983 188349 0 69324 59480 1812 1521 1237500 1193853 59936 43647 131072 104648 37071 41156 2681 0 2783763 2734379 2823515 2775535 X -2692443 -2670887 -2692443 -2670887 131072 104648 21556 0 X X 0 1 X 1 0 X 709762 722779 833468 854755 897549 4018313 709762 722779 833468 854755 897549 4018313 0 58580 92285 143655 130999 75375 500894 58580 92285 143655 130999 75375 500894 3517419 236 721 1002 339 2298 236 721 1002 339 2298 709762 723015 834189 855757 897888 4020611 0.87480 0.87690 0.00060 0.00050 X 889096 883082 6014 300163 264880 35283 48241 45891 2350 43647 CASH DEFICIT 2725410 DUE TO AFFILIATED COMPANIES 8969 2734379 X 907451 0 907451 -9563 -9563 897888 885895 0 885895 -9563 -9563 876332 PART X, LINE 2: FRIENDSHIP OUTPATIENT AND WELLNESS SERVICES INC IS A NOT-FOR-PROFIT COMPANY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT GENERALLY SUBJECT TO INCOME TAXES UNDER PRESENT TAX LAWS. FRIENDSHIP OUTPATIENT AND WELLNESS SERVICES INC HAS DETERMINED IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT SHOWN NET ON FINANCIALS -9,563. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT SHOWN NET ON FINANCIAL -9,563. X X X X X X 0 1 0 0 0 1 1 0 0 JOSEPH M HOFF PRESIDENT & CEO 0 372416 0 116732 0 20627 0 7617 0 10718 0 528110 0 0 C MICHAEL SHANNON CFO 0 294294 0 79411 0 16237 0 8479 0 5597 0 404018 0 0 BENJAMIN HIGGINS DIRECTOR OF HEALTHCARE OPE 0 173175 0 35908 0 77 0 5195 0 5125 0 219480 0 0 ANGELA HUGHES VP HUMAN RESOURCES & COMPL 0 161077 0 31197 0 77 0 4833 0 5597 0 202781 0 0 MARY RODGER DIRECTOR OF ACCOUNTING 0 166489 0 8082 0 77 0 4510 0 11565 0 190723 0 0 PART I, LINE 4B C. MICHAEL SHANNON RECEIVED $16,323 FOR A NON-QUALIFIED RETIREMENT PROGRAM. JOE HOFF RECEIVED $20,736 FOR A NON-QUALIFIED RETIREMENT PROGRAM. THE PROGRAM IS AN EXECUTIVE INVESTMENT TRUST PLAN FOR HIGHLY COMPENSATED AND MANAGEMENT EMPLOYEES. EACH PRESENT AND FUTURE EMPLOYEE OF THE COMPANY AND ITS SUBSIDIARIES WHOM THE COMMITTEE (THE EMPLOYMENT COMPENSATION COMMITTEE OF THE BOARD) DETERMINES TO BE AN ELIGIBLE EMPLOYEE SHALL BE ELIGIBLE TO RECEIVE AN AWARD UNDER THE PLAN. THE EMPLOYEE MUST BE A FULL-TIME ACTIVE PARTICIPANT TO RECEIVE THE AWARD. PART I, LINE 6 THE INDIVIDUALS RECEIVED VARIABLE COMPENSATION PAYMENTS BASED ON A PERFORMANCE SCORECARD. IN TURN, THE SCORECARD MEASURES ARE BASED ON A NUMBER OF MEASURES IN THE CATEGORIES OF FINANCIAL PERFORMANCE, QUALITY PERFORMANCE, INNOVATION AND GROWTH. FOR THE AFFILIATED CORPORATIONS, JOSEPH HOFF, PRESIDENT AND CEO, RECEIVED $116,732, C. MICHAEL SHANNON, CFO, RECEIVED $79,411, BENJAMIN HIGGINS, DIRECTOR OF HEALTHCARE OPERATIONS, RECEIVED $35,908, CINDY MITCHELL, SECRETARY, RECEIVED $6,005. PART V, LINE 2B FRIENDSHIP HEALTH AND REHAB CENTER, INC, EIN 23-7126857 IS THE PAYMASTER FOR TEN RELATED C CORPORATIONS WHICH HAVE EMPLOYEES. THIS CORPORATION PAYS ALL EMPLOYEES AND PREPARES AND FILES ALL REQUIRED FEDERAL PAYROLL RETURNS. EACH CORPORATION AND ITS EMPLOYEES ARE AS FOLLOWS: FRIENDSHIP HEALTH AND REHAB CENTER INC 439 EMPLOYEES FRIENDSHIP APARTMENT VILLAGE CORP 24 EASTWOOD ASSISTED LIVING, INC 77 PROFESSIONAL HEALTH CARE SERVICES, INC 53 FRIENDSHIP PHARMACY, INC 30 VALLEY MANAGEMENT CO, INC 45 LTC SERVICES, INC 34 FRIENDSHIP OUTPATIENT & WELLNESS SERVICES, INC 8 FRIENDSHIP FOUNDATION 1 FRIENDSHIP HEALTH AND REHAB CENTER SOUTH 279 PHYSICIAN CLINIC 6 TOTAL 996 FORM 990, PART VI, SECTION A, LINE 3 THE CORPORATION PAYS MANAGEMENT FEES TO VALLEY MANAGEMENT CO., INC. TO PROVIDE MANAGEMENT OF ALL ASPECTS OF THE OPERATION, INCLUDING, BUT NOT LIMITED TO HUMAN RESOURCE SERVICES, ACCOUNTING, BILLING, COLLECTIONS, PAYROLL, AND GENERAL ADMINISTRATION. VALLEY MANAGEMENT IS RESPONSIBLE FOR COORDINATING THE PREPARATION OF MONTHLY FINANCIAL STATEMENTS, MAINTAINING AND MANAGING BANK ACCOUNTS AND WORKING CAPITAL. VALLEY MANAGEMENT IS ALSO RESPONSIBLE FOR APPLYING FOR, OBTAINING, AND MAINTAINING ALL NECESSARY LICENSES, PERMITS, CONSENTS, AND APPROVALS FROM ALL GOVERNMENTAL AGENCIES WHICH HAVE JURISDICTION OVER THE OPERATION OF THE ORGANIZATION. THE COMPANY AGREES TO OPERATE AND MAINTAIN THE ORGANIZATION IN COMPLIANCE WITH THE REQUIREMENTS OF ANY STATUTE, ORDINANCE, LAW, RULE, REGULATION OR ORDER OF ANY GOVERNMENTAL OR REGULATORY BODY HAVING JURISDICTION OVER THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS ONE MEMBER, FRIENDSHIP FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTING FIRM PREPARES THE FORM 990 AND FORWARDS IT TO THE CFO AND CEO FOR REVIEW. THE CFO AND CEO RETURN THE FORM 990 TO THE CPA TO RESOLVE QUESTIONS AND MAKE CHANGES. THE FORM 990 GOES BACK TO THE CFO AND CEO TO ENSURE QUESTIONS AND CHANGES HAVE BEEN MADE. A COPY OF THE FORM 990 IS THEM PROVIDED TO EACH BOARD MEMBER BY THE CFO APPROXIMATELY 2 WEEKS PRIOR TO THE DUE DATE. THEY ARE GIVEN 1 WEEK TO REVIEW AND FORWARD QUESTIONS TO THE CFO. REVIEW QUESTIONS ARE RESOLVED AND THE FORM 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS INCLUDED IN BOTH THE EMPLOYEE HANDBOOK AND THE CODE OF CONDUCT, WHICH IS ISSUED TO AND DISCUSSED WITH EACH EMPLOYEE AND BOARD MEMBER. AN ANNUAL LETTER AFFIRMING THE POLICY AND ASKING FOR WRITTEN DECLARATIONS OF ANY POTENTIAL CONFLICTS IS SENT TO ALL BOARD MEMBERS AND APPROXIMATELY 20% OF EMPLOYEES (ALL MANAGERS, BUSINESS OFFICE STAFF, PURCHASING DEPARTMENT STAFF, HUMAN RESOURCES STAFF, ETC.). RESPONSES ARE REVIEWED BY THE CORPORATE COMPLIANCE OFFICER, REPORTED TO THE BOARD, AND ACTED UPON AS NEEDED. ALSO, THE CORPORATION IS AWARE OF THE BUSINESS AFFILIATIONS OF OFFICERS AND DIRECTORS AND ENSURES THAT EACH IS AWARE OF THE AFFILIATIONS. WHENEVER DISCUSSIONS OCCUR IN WHICH A CONFLICT EXISTS, THE INDIVIDUAL RECUSES THEMSELF FROM THE PROCEEDINGS SO THE OTHER MEMBERS CAN DISCUSS THE MATTER FREELY. EACH YEAR AT ITS CORPORATE GOVERNANCE COMMITTEE MEETING AND ANNUAL BOARD MEETING A REPORT IS MADE TO THE BOARD OF DIRECTORS DESCRIBING THE BUSINESS AFFILIATIONS AND ANY BUSINESS TRANSACTIONS THAT OCCURRED DURING THE YEAR BETWEEN THE CORPORATION AND THE EXTERNAL BUSINESSES IN WHICH THE DIRECTORS OR OFFICERS ARE INVOLVED. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD ROUTINELY ENGAGES AN EXTERNAL CONSULTANT TO REVIEW BENCHMARK COMPENSATION DATA FOR THE CFO AND OTHER KEY MANAGEMENT POSITIONS. A NUMBER OF NATIONALLY RECOGNIZED SALARY SURVEYS ARE UTILIZED AS PART OF THIS PROCESS AND THE CONSULTANT'S WRITTEN REPORT IS RECEIVED BY THE COMPENSATION COMMITTEE AND THE FULL BOARD. ANNUALLY, THE COMPENSATION COMMITTEE REVIEWS THE COMPENSATION FOR EACH MEMBER OF THIS GROUP UTILIZING THE BENCHMARK DATA AND ANY ADJUSTMENTS IN COMPENSATION ARE RECOMMENDED FROM THE COMPENSATION COMMITTEE TO THE FULL BOARD FOR CONSIDERATION AND APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE COMPANY WILL PROVIDE COPIES OF GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS, AND FORM 990S TO PERSONS ASKING FOR THE DOCUMENTS. PART VII THE ORGANIZATION SHARES BOARD MEMBERS AND OFFICERS WITH RELATED ORGANIZATIONS. THE AVERAGE HOURS A WEEK THAT EACH INDIVIDUAL SPENDS WITH THE RELATED ORGANIZATION IS AS FOLLOWS: VALLEY MANAGEMENT CO, INC: EDWIN R. FEINOUR 4.00 GLEN C. COMBS 6.00 ROBERT C. LAWSON 4.00 ROBERT H. SANDEL 4.00 KATHRYN K. OELSCHLAGER 3.00 NATHANIEL L. BISHOP 4.00 LUCIAN GROVE, JR. 3.00 JOHN WILLIAMSON 5.00 CYNDA JOHNSON 3.00 JOSEPH M. HOFF 2.00 C. MICHAEL SHANNON 2.00 PART XII, LINE 2 THE CORPORATION PARTICIPATES IN A CONSOLIDATED AUDIT WITH AFFILIATED COMPANIES REPORTED ON SCHEDULE R. WHEN FINISHED, THE AUDITED STATEMENTS ARE PRESENTED TO THE FINANCE COMMITTEE AND THE BOARD OF DIRECTORS BY THE EXTERNAL AUDITORS. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FRIENDSHIP FOUNDATION 367 HERSHBERGER RD NW ROANOKE VA 24012 541427948 CONTROLLING ORGANIZATION, MANAGEMENT SERVICES VA 501(C)(3) LINE 12D, III-O 1 EASTWOOD ASSISTED LIVING INC 367 HERSHBERGER RD NW ROANOKE VA 24012 540738784 ASSISTED LIVING FACILITY VA 501(C)(3) LINE 11 FRIENDSHIP FOUNDATION 1 FRIENDSHIP HEALTH AND REHAB CENTER INC 367 HERSHBERGER RD NW ROANOKE VA 24012 237126857 LONG TERM NURSING CARE VA 501(C)(3) LINE 11 FRIENDSHIP FOUNDATION 1 FRIENDSHIP APARTMENT VILLAGE CORP 367 HERSHBERGER RD NW ROANOKE VA 24012 540842686 INDEPENDENT LIVING HOUSING VA 501(C)(3) LINE 11 FRIENDSHIP FOUNDATION 1 FRIENDSHIP HEALTH AND REHAB CENTER SOUTH 367 HERSHBERGER RD NW ROANOKE VA 24012 454983293 REHAB & NURSING FACILITY VA 501(C)(3) LINE 11 FRIENDSHIP FOUNDATION 1 FRIENDSHIP PHARMACY INC 367 HERSHBERGER RD NW ROANOKE VA 24012 541461437 PHARMACY SERVICES VA C 1 FRIENDSHIP PROPERTIES INC 367 HERSHBERGER RD NW ROANOKE VA 24012 541262492 LEASING COMPANY VA C 1 LTC SERVICES INC 367 HERSHBERGER RD NW ROANOKE VA 24012 541461441 MAINTENANCE VA C 1 PROFESSIONAL HEALTH CARE SERVICES INC 367 HERSHBERGER RD NW ROANOKE VA 24012 541421581 HOME CARE SERVICES VA C 1 VALLEY MANAGEMENT COMPANY INC 367 HERSHBERGER RD NW ROANOKE VA 24012 541461444 MANAGEMENT VA C 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 FRIENDSHIP HEALTH AND REHAB CENTER P 632750 CASH VALLEY MANAGEMENT COMPANY INC M 79760 CASH