Skip to main content

Nonprofit · EIN 42-1527755

FRIENDSHIP VILLAGE CHARITABLE TR

Also known as SHIREY NANCY TTEE

Tax-exempt · WATERLOO, IA 50702

Financials

$4.2M$4.9M2023$4.1M$6.1M2024$3.8M$4.2M2025
Revenue Expenses · by fiscal year end
Financials of FRIENDSHIP VILLAGE CHARITABLE TR by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2026990$3,847,131$4,218,843-$371,712$7,251,361$0$7,251,361
March 31, 2025990$4,090,613$6,052,091-$1,961,478$7,648,262$0$7,648,262
March 31, 2024990$4,204,149$4,863,809-$659,660$10,454,419$0$10,454,419
Financial details: 990 for the year ended March 31, 2026

Revenue

Contributions, gifts and grants
$3,469,342
Program service revenue
$0
Investment income
$377,789
Net gain from sales of assets
$308,563
Other revenue
$0

Expenses

Grants and similar amounts paid
$4,208,929
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$4,208,929
Management and general (functional)
$9,914

Balance sheet and other

Total assets, start of year
$7,648,262
Total assets, end of year
$7,251,361
Total liabilities, end of year
$0
Net assets, end of year
$7,251,361
Publicly traded securities
$2,117,846
Net assets without donor restrictions
$7,251,361
Gross receipts
$5,087,128
Employees
0
Year formed
2002
State of legal domicile
IA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended March 31, 2026, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
SHERRY TURNERPRESIDENT/CE
Key employee
40$250,006$32,860
CRAIG ANDERSONVICE CHAIR
Trustee or director, Officer
1$0$0
RICK BAUERTRUSTEE
Trustee or director
1$0$0
STEVE GILLENSECRETARY
Trustee or director, Officer
1$0$0
JIM GRADYBOARD MEMBER
Trustee or director
1$0$0
PASTOR TOM HLADTRUSTEE
Trustee or director
1$0$0
ROBERT SMITH JRTRUSTEE
Trustee or director
1$0$0
RONALD KIEWIETTRUSTEE
Trustee or director
1$0$0
BRAD MORRISPAST CHAIRMA
Trustee or director, Officer
1$0$0
JAY NARDINITREASURER
Trustee or director, Officer
1$0$0
PASTOR CHRIS RYGHCHAIRMAN
Trustee or director, Officer
1$0$0
PAUL SMITHTRUSTEE
Trustee or director
1$0$0
VERA WALLICANTRUSTEE
Trustee or director
1$0$0
990 for the year ended March 31, 2025: 15 people
NameTitleHours / weekCompensationOther / benefits
LISA GATESPAST PRESIDE
Former
50$338,349$20,414
SHERRY TURNERPRESIDENT/CE
Key employee
40$238,566$27,777
CRAIG ANDERSONSECRETARY
Trustee or director, Officer
1$0$0
RICK BAUERTRUSTEE
Trustee or director
1$0$0
STEVE GILLENTRUSTEE
Trustee or director
1$0$0
JIM GRADYBOARD MEMBER
Trustee or director
1$0$0
PASTOR TOM HLADTRUSTEE
Trustee or director
1$0$0
ROBERT SMITH JRTRUSTEE
Trustee or director
1$0$0
RONALD KIEWIETTRUSTEE
Trustee or director
1$0$0
PASTOR QUOVADIS MARSHALLTRUSTEE
Trustee or director
1$0$0
BRAD MORRISPAST CHAIRMA
Trustee or director, Officer
1$0$0
JAY NARDINITREASURER
Trustee or director, Officer
1$0$0
PASTOR CHRIS RYGHCHAIRMAN
Trustee or director, Officer
1$0$0
MARK TINKTRUSTEE
Trustee or director
1$0$0
VERA WALLICANTRUSTEE
Trustee or director
1$0$0
990 for the year ended March 31, 2024: 16 people
NameTitleHours / weekCompensationOther / benefits
LISA GATESPRESIDENT/CE
Key employee
50$297,289$24,838
GEORGE FARBERTRUSTEE
Trustee or director
1$4,800$0
CRAIG ANDERSONTREASURER
Trustee or director, Officer
1$0$0
RICK BAUERTRUSTEE
Trustee or director
1$0$0
STEVE GILGENTRUSTEE
Trustee or director
1$0$0
JIM GRADYPAST CHAIRMA
Trustee or director, Officer
1$0$0
PASTOR TOM HLADTRUSTEE
Trustee or director
1$0$0
ROBERT SMITH JRTRUSTEE
Trustee or director
1$0$0
RONALD KIEWIETTRUSTEE
Trustee or director
1$0$0
PASTOR QUOVADIS MARSHALLTRUSTEE
Trustee or director
1$0$0
BRAD MORRISCHAIRMAN
Trustee or director, Officer
1$0$0
JAY NARDINITRUSTEE
Trustee or director
1$0$0
PASTOR CHRIS RYGHVICE CHAIRMA
Trustee or director, Officer
1$0$0
MARK TINKTRUSTEE
Trustee or director
1$0$0
PASTOR JESSE TINKSECRETARY
Trustee or director, Officer
1$0$0
VERA WALLICANTRUSTEE
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
600 PARK LANE, WATERLOO, IA 50702-5200
Principal officer (990 for 2025)
SHERRY TURNER, 600 PARK LANE, WATERLOO, IA 50702
Signed the 990
SHERRY TURNER, PRESIDENT/CEO
Phone
(319) 291-8100
Return prepared by
RUZICKA & ASSOCIATES PLLC

Mission

SUPPORT FRIENDS OF FAITH RETIREMENT HOMES, INC.

990 for the year ended March 31, 2026

Program accomplishments

  • THE ASSETS AND INCOME OF THE TRUST SHALL BE USED AT THE DISCRETION OF THE TRUSTEES, EXCLUSIVELY FOR THE BENEFIT OF FRIENDS OF FAITH RETIREMENT HOMES, INC. (FOF) AND ITS AFFILIATED ORGANIZATIONS, BUT ONLY FOR SO LONG AS FOF CONTINUES TO BE A NONPROFIT CORPORATION. THE USE OF INCOME AND ASSETS OF THE TRUST ARE RESTRICTED IN ORDER THAT THE CLIENTS OF FOF 62 AND OVER CAN BE ASSURED AND COMFORTED THAT THEIR HOUSING AND MEDICAL NEEDS WILL BE PROPERLY PROVIDED FOR AND THAT THE CHARITABLE INTENT OF FOF WILL BE FULFILLED.
    Expenses $4,208,929 · grants $4,208,929

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026990 on file
2024March 31, 2025August 15, 2025990 on file
2023March 31, 2024August 15, 2024990 on file

IRS record

EIN
42-1527755
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2003
Accounting year ends
March
Files
Form 990 or 990-EZ
Assets (IRS master file)
$7,251,361
Income (IRS master file)
$5,087,128

Filing history

FormYear endedRevenueExpensesAssetsReturn
990March 2026$3,847,131$4,218,843$7,251,361XML
990March 2025$4,090,613$6,052,091$7,648,262XML
990March 2024$4,204,149$4,863,809$10,454,419XML
990March 2023$4,671,933$9,932,631$12,065,067IRS
990March 2022$8,311,790$10,223,481$19,713,724IRS
990March 2021–––IRS
990March 2019–––IRS
990March 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1527755).

Questions about FRIENDSHIP VILLAGE CHARITABLE TR

What is the EIN of FRIENDSHIP VILLAGE CHARITABLE TR?
The employer identification number (EIN) of FRIENDSHIP VILLAGE CHARITABLE TR is 42-1527755.
Is FRIENDSHIP VILLAGE CHARITABLE TR tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to FRIENDSHIP VILLAGE CHARITABLE TR tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does FRIENDSHIP VILLAGE CHARITABLE TR file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FRIENDSHIP VILLAGE CHARITABLE TR due?
The return for tax year 2026 (the year ending March 31, 2027) is due August 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FRIENDSHIP VILLAGE CHARITABLE TR last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended March 2026.
Who is the principal officer of FRIENDSHIP VILLAGE CHARITABLE TR?
The 990 for the year ended March 31, 2026 names SHERRY TURNER.
Who are the officers and directors of FRIENDSHIP VILLAGE CHARITABLE TR?
The 990 for the year ended March 31, 2026 lists 13 people; 1 received compensation from the organization, the highest $250,006 (SHERRY TURNER, PRESIDENT/CE).
How much revenue does FRIENDSHIP VILLAGE CHARITABLE TR have?
On its 990 for the year ended March 31, 2026 it reported revenue of $3,847,131, expenses of $4,218,843 and total assets of $7,251,361 at year end.

Other nonprofits in WATERLOO

All nonprofits in WATERLOO · Iowa · Housing and shelter