2025-02-21T07:01:58-06:00 2024-09-30 560817345 Turlington and Company LLP PO Box 1697 Lexington NC 272931697 990 2023-10-01 560754599 Friends Homes Inc FRIE 3362928187 925 New Garden Road Greensboro NC 27410 Timothy Webster Registered Agent 3362928187 2025-02-20 1 0 Marcia W Henriksen P01259831 3362496856 2023 2025-03-06 01:10:19Z Timothy Webster 925 New Garden Road Greensboro NC 27410 62264996 0 X www.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 fair 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 that of 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. 19 19 691 75 0 0 332777 432829 38865735 44371700 2115320 3788215 0 0 41313832 48592744 486046 616290 0 0 17215641 18029238 0 0 0 25128151 27700529 42829838 46346057 -1516006 2246687 204449008 217129780 158526276 159128390 45922732 58001390 Guided by Quaker values, Friends Homes offers a Life Plan Community that encourages a sense of wholeness, wellness, purpose and security at a fair cost, so that each resident may live a fulfilling life. 0 0 41340383 616290 44371700 There are 14 cottages, 28 townhomes, 350 apartments, 54 villa apartments, 100 assisted care beds and 109 nursing beds. 41340383 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 59 0 691 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X Lynn Hall 3362928187 925 New Garden Road Greensboro NC 27410 X Betty Turner Treasurer 0.25 X X 0 0 0 Kathy Adams Board member 0.25 X 0 0 0 Marshall Hurley Chairman 0.25 X X 0 0 0 Reggie Beeson Board Member 0.25 X 0 0 0 Jennifer Brigman Board member 0.25 X 0 0 0 Pete Cross Board member 0.25 X 0 0 0 Jay Bumm Vice Chair 0.25 X X 0 0 0 Bill Carroll Board member 0.25 X 0 0 0 Kathy Coe Secretary 0.25 X X 0 0 0 Geraldine Brannon Board member 0.25 X 0 0 0 Nancy Glenz Board member 0.25 X 0 0 0 George Harris Board member 0.25 X 0 0 0 Yvonne Johnson Board member 0.25 X 0 0 0 Barbara Jones Board member 0.25 X 0 0 0 Alice Carroll Board member 0.25 X 0 0 0 Dan Fisher Board member 0.25 X 0 0 0 Hector McEachern Board member 0.25 X 0 0 0 David Hobson Board member 0.25 X 0 0 0 Rudy Gordh Board member 0.25 X 0 0 0 0 0 0 0 0 0 0 PHI Management Services LLC 2109 Sandy Ridge Road Colfax NC 27235 Management Services 1891244 Trinity Rehab LLC 113 S Railroad Avenue Dunn NC 28334 Rehab Services 1101856 ID Collaborative Acquisition LLC 201 State Street Greensboro NC 27408 Interior Design Services 180205 3 432829 432829 Resident services 623000 44371700 44371700 44371700 2204597 2204597 15255870 13672252 1583618 1583618 1583618 48592744 44371700 0 3788215 X 616290 616290 15371976 14744388 627588 109651 105309 4342 1435767 1378956 56811 1111844 1067815 44029 19498 19498 374070 374070 130681 130681 3795284 3339850 455434 6917563 6571685 345878 Outside consulting 2658413 1028776 1629637 Food Costs 2563409 2563409 Management fees 1921342 960671 960671 Utilities 1776979 1703231 73748 7543290 7260003 283287 46346057 41340383 5005674 0 28639816 14538417 79723 22347 2312037 1568474 36846 7000 283579 357997 179978103 62039949 121254138 117938154 49384518 79416367 2458351 3281024 204449008 217129780 4427990 4242837 47987072 49430858 105486089 104382170 625125 1072525 158526276 159128390 X 44880425 56840126 1042307 1161264 45922732 58001390 204449008 217129780 2246687 9831971 0 X 0 1 X 1 0 X 1363349 1732180 651906 332777 432829 4513041 31024923 31391371 33522282 38865735 44371700 179176011 32388272 33123551 34174188 39198512 44804529 183689052 0 0 0 183689052 1566631 1529178 2591710 1955279 2073916 9716714 1566631 1529178 2591710 1955279 2073916 9716714 33954903 34652729 36765898 41153791 46878445 193405766 0.94980 0.94790 0.05020 0.05210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 542291 205037 21809 21691 747446 522634 19657 2508 2508 542291 266664 255970 2508 2508 522634 134699 131965 2508 2508 266664 50000 84699 2508 2508 134699 0 0 9203903 9203903 117253010 42838884 74414126 19402031 8372413 11029618 34119159 10828652 23290507 117938154 Occupancy deposits 1072525 1072525 X 58424715 9831971 9831971 48592744 0 48592744 46215376 0 46215376 130681 130681 46346057 Part V, Line 4: The endowment funds are used for resident assistance and scholarships. Part X, Line 2: The Organization has determined that it has no uncertain income tax positions as of September 30, 2024 and 2023. Also, the Organization does not anticipate any increase or decrease in unrecognized tax benefits during the next twelve months that would result in a material change in its financial position. The Organization's income tax returns for years ended after September 30, 2021 remain open for examination. 0 Community Foundation of Greater Greensboro Inc 301 N Elm St 100 Greensboro NC 27401 561380249 501(c)(3) 616290 0 Resident Assistance A Public Finance Authority 273866124 74444VANO 2019-10-16 54143526 New Construction; Refund bond issue dated 11/1/11. 0 0 0 B North Carolina Medical Care Commission 521309402 65820YSD9 2020-10-07 55199446 New Construction 0 0 0 A 54143526 906030 694461 22175765 2021 1 0 0 1 B 55199446 517805 943505 47739285 2023 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 1 0 0 0 0 1 B 1 0 0 0 0 1 A 0 B 0 Form 990, Part VI, Section A, line 3 The Board has contracted with PHI Management Services, LLC to provide executive level management and advisory services for the period May 1, 2016 to December 31, 2018. The Board signed an agreement to amend the original contract with PHI Management Services, LLC to extend the term of services from January 1, 2019 to December 31, 2030. Form 990, Part VI, Section B, line 11b The 990 is presented to the board for their review and comments prior to filing. Form 990, Part VI, Section B, line 12c Board members are asked annually to sign a conflict of interest statement and are asked to disclose any interests which may give rise to conflicts. Form 990, Part VI, Section B, line 15a The Vice President of Human Resources of PHI Management Services, Inc. compiles comparability data from an independent salary consultant to calculate a wage for executive positions and from an independent salary survey to calculate a wage at market average for all other positions. All wages are calculated following a budgeted amount which is approved by the Board. Form 990, Part VI, Section C, line 19 The Organization is regulated by the Insurance Commission and the financial statements are part of the Disclosure required by them. Form 990, Part IX, line 24e Repairs & maintenance: Program service expenses 1,388,028. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,388,028. Supplies: Program service expenses 1,271,801. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,271,801. Contract Medical Services: Program service expenses 1,064,659. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,064,659. Contractual dietary: Program service expenses 1,023,059. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,023,059. Charitable care: Program service expenses 969,312. Management and general expenses 0. Fundraising expenses 0. Total expenses 969,312. Miscellaneous: Program service expenses 584,622. Management and general expenses 124,078. Fundraising expenses 0. Total expenses 708,700. Insurance: Program service expenses 498,506. Management and general expenses 101,621. Fundraising expenses 0. Total expenses 600,127. Medical supplies and drugs: Program service expenses 240,621. Management and general expenses 0. Fundraising expenses 0. Total expenses 240,621. Office expenses: Program service expenses 62,853. Management and general expenses 43,436. Fundraising expenses 0. Total expenses 106,289. Amortization of bond issue costs: Program service expenses 89,861. Management and general expenses 0. Fundraising expenses 0. Total expenses 89,861. Dues and Subscriptions: Program service expenses 66,681. Management and general expenses 14,152. Fundraising expenses 0. Total expenses 80,833.