Nonprofit · EIN 56-0754599
FRIENDS HOMES INC
Tax-exempt · GREENSBORO, NC 27410
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $50,087,335 | $48,606,361 | $1,480,974 | $212,470,033 | $148,822,545 | $63,647,488 |
| September 30, 2024 | 990 | $48,592,744 | $46,346,057 | $2,246,687 | $217,129,780 | $159,128,390 | $58,001,390 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $755,542
- Program service revenue
- $46,087,973
- Investment income
- $3,243,820
- Net gain from sales of assets
- -$98,695
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $571,565
- Other salaries and wages
- $16,773,005
- Salaries, compensation and benefits (total)
- $19,787,355
- Professional fundraising fees
- $0
- Legal fees
- $5,427
- Accounting fees
- $71,000
- Depreciation
- $7,268,251
- Program services (functional)
- $39,614,955
- Management and general (functional)
- $8,991,406
Balance sheet and other
- Total assets, start of year
- $217,129,780
- Total assets, end of year
- $212,470,033
- Total liabilities, end of year
- $148,822,545
- Net assets, end of year
- $63,647,488
- Land, buildings and equipment
- $116,742,180
- Publicly traded securities
- $76,967,889
- Net assets without donor restrictions
- $62,397,532
- Net assets with donor restrictions
- $1,249,956
- Gross receipts
- $68,063,648
- Employees
- 659
- Volunteers
- 75
- Year formed
- 1958
- State of legal domicile
- NC
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BETTY TURNER | TREASURER Trustee or director, Officer | 0.25 | $0 |
| KATHY ADAMS | BOARD MEMBER Trustee or director | 0.25 | $0 |
| MARSHALL HURLEY | CHAIRMAN Trustee or director, Officer | 0.25 | $0 |
| REGGIE BEESON | BOARD MEMBER Trustee or director | 0.25 | $0 |
| JENNIFER BRIGMAN | BOARD MEMBER Trustee or director | 0.25 | $0 |
| JENNY ROSS | BOARD MEMBER Trustee or director | 0.25 | $0 |
| JAY BUMM | VICE CHAIR Trustee or director, Officer | 0.25 | $0 |
| BILL CARROLL | BOARD MEMBER Trustee or director | 0.25 | $0 |
| ALICE CARROLL | SECRETARY Trustee or director, Officer | 0.25 | $0 |
| GERALDINE BRANNON | BOARD MEMBER Trustee or director | 0.25 | $0 |
| NANCY GLENZ | BOARD MEMBER Trustee or director | 0.25 | $0 |
| GEORGE HARRIS | BOARD MEMBER Trustee or director | 0.25 | $0 |
| YVONNE JOHNSON | BOARD MEMBER Trustee or director | 0.25 | $0 |
| JAY OSBORNE | BOARD MEMBER Trustee or director | 0.25 | $0 |
| KATHY COE | BOARD MEMBER Trustee or director | 0.25 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAN FISHER | BOARD MEMBER Trustee or director | 0.25 | $0 |
| RICHARD SHOPE | BOARD MEMBER Trustee or director | 0.25 | $0 |
| DAVID HOBSON | BOARD MEMBER Trustee or director | 0.25 | $0 |
| RUDY GORDH | BOARD MEMBER Trustee or director | 0.25 | $0 |
990 for the year ended September 30, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Betty Turner | Treasurer Trustee or director, Officer | 0.25 | $0 |
| Kathy Adams | Board member Trustee or director | 0.25 | $0 |
| Marshall Hurley | Chairman Trustee or director, Officer | 0.25 | $0 |
| Reggie Beeson | Board Member Trustee or director | 0.25 | $0 |
| Jennifer Brigman | Board member Trustee or director | 0.25 | $0 |
| Pete Cross | Board member Trustee or director | 0.25 | $0 |
| Jay Bumm | Vice Chair Trustee or director, Officer | 0.25 | $0 |
| Bill Carroll | Board member Trustee or director | 0.25 | $0 |
| Kathy Coe | Secretary Trustee or director, Officer | 0.25 | $0 |
| Geraldine Brannon | Board member Trustee or director | 0.25 | $0 |
| Nancy Glenz | Board member Trustee or director | 0.25 | $0 |
| George Harris | Board member Trustee or director | 0.25 | $0 |
| Yvonne Johnson | Board member Trustee or director | 0.25 | $0 |
| Barbara Jones | Board member Trustee or director | 0.25 | $0 |
| Alice Carroll | Board member Trustee or director | 0.25 | $0 |
| Dan Fisher | Board member Trustee or director | 0.25 | $0 |
| Hector McEachern | Board member Trustee or director | 0.25 | $0 |
| David Hobson | Board member Trustee or director | 0.25 | $0 |
| Rudy Gordh | Board member Trustee or director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 925 NEW GARDEN RD, GREENSBORO, NC 27410-3245
- Principal officer (990 for 2024)
- TIMOTHY WEBSTER, 925 NEW GARDEN ROAD, GREENSBORO, NC 27410
- Signed the 990
- TIMOTHY WEBSTER, REGISTERED AGENT
- Phone
- (336) 292-8187
- Website
- WWW.FRIENDSHOMES.ORG
- Return prepared by
- TURLINGTON AND COMPANY LLP
Mission
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.
Program accomplishments
- THERE ARE 14 COTTAGES, 28 TOWNHOMES, 350 APARTMENTS, 54 VILLA APARTMENTS, 100 ASSISTED CARE BEDS AND 109 NURSING BEDS.Expenses $39,614,955 · grants $571,565 · revenue $46,087,973
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 56-0754599
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1970
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P750)
- Assets (IRS master file)
- $212,470,033
- Income (IRS master file)
- $68,063,648
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $50,087,335 | $48,606,361 | $212,470,033 | XML |
| 990 | September 2024 | $48,592,744 | $46,346,057 | $217,129,780 | XML |
| 990 | September 2023 | $41,313,832 | $42,829,838 | $204,449,008 | IRS |
| 990 | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 56-0754599).
Questions about FRIENDS HOMES INC
- What is the EIN of FRIENDS HOMES INC?
- The employer identification number (EIN) of FRIENDS HOMES INC is 56-0754599.
- Is FRIENDS HOMES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to FRIENDS HOMES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS HOMES INC 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 FRIENDS HOMES INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS HOMES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of FRIENDS HOMES INC?
- The 990 for the year ended September 30, 2025 names TIMOTHY WEBSTER.
- Who are the officers and directors of FRIENDS HOMES INC?
- The 990 for the year ended September 30, 2025 lists 19 people; 0 received compensation from the organization.
- How much revenue does FRIENDS HOMES INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $50,087,335, expenses of $48,606,361 and total assets of $212,470,033 at year end.
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