2023-11-15T15:11:45-06:00 2022-12-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2022-01-01 210455847 FRIENDS HOME AT WOODSTOWN INC FRIE 8567691500 ONE FRIENDS DRIVE WOODSTOWN NJ 08098 MARK MAZZELLA CFO 8567691500 2023-11-15 1 MARK MAZZELLA XXX-XX-XXXX 0 KERRI N BOGDA CPA P00760402 7177404863 2023-11-14 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X FRIENDS VILLAGE AT WOODSTOWN MARK MAZZELLA ONE FRIENDS DRIVE WOODSTOWN NJ 08098 8450622 0 X WWW.FRIENDSVILLAGE.ORG X 1896 NJ FULL SERVICE CONTINUING CARE RETIREMENT COMMUNITY X 12 12 53 12 0 0 2840103 12206 8805122 6498799 294627 -153656 273627 106813 12213479 6464162 0 0 0 0 8121460 4298635 0 0 0 6117079 5457866 14238539 9756501 -2025060 -3292339 21975067 0 28383495 0 -6408428 0 THE MISSION OF FRIENDS VILLAGE IS TO PROVIDE COMPREHENSIVE SERVICES FOR SENIORS BASED ON THE QUAKER PRINCIPLES THAT PROMOTE INDEPENDENCE WITH CHOICE, RESPECT, AND SECURITY. 0 0 8143584 0 6498799 FRIENDS HOME AT WOODSTOWN OPERATES A CONTINUING CARE RETIREMENT COMMUNITY WHICH CURRENTLY PROVIDES HOUSING, HEALTHCARE AND OTHER RELATED SERVICES TO ELDERLY RESIDENTS THROUGH THE OPERATION OF A 61 BED ASSISTED LIVING FACILITY, AND 75 INDEPENDENT LIVING APARTMENTS AND COTTAGES. WE ARE COMMITTED TO PARTNERING WITH OUR LOCAL COMMUNITY AND HAVING A POSITIVE IMPACT THROUGH COLLABORATION AND ACTIVE PARTICIPATION. 8143584 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 1 38 0 53 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X DAWN ELROD BUSINESS OFFICE MANAGER 8567691500 ONE FRIENDS DRIVE WOODSTOWN NJ 08093 SANDY RIDGWAY CLERK 3.00 1.00 X X 0 0 0 JOAN AYARS TREASURER 3.00 1.00 X X 0 0 0 RICHARD WARNER SECRETARY 3.00 1.00 X X 0 0 0 JOHN BOND ASSISTANT CLERK 3.00 1.00 X X 0 0 0 PENELOPE WATSON MEMBER 3.00 0.00 X 0 0 0 JEFF GIBSON MEMBER 3.00 0.00 X 0 0 0 DANIEL MURRAY MEMBER 3.00 0.00 X 0 0 0 TACIE TRULL MEMBER 3.00 0.00 X 0 0 0 SUZANNE CULVER MEMBER 3.00 0.00 X 0 0 0 JACK MAHON MEMBER 3.00 0.00 X 0 0 0 RICHARD RIDGWAY MEMBER 3.00 0.00 X 0 0 0 STEVE WADDINGTON MEMBER 3.00 0.00 X 0 0 0 CRAIG PETRY CEO UNTIL JANUARY 2022 40.00 0.00 X 164216 0 1212 DENISE KAISAR DIR. OF CLINICAL SERVICES 40.00 0.00 X 114850 0 459 279066 0 1671 2 0 1 0 UNIDINE INC 2400 YORKMONT ROAD CHARLOTTE NC 28217 DINING MANAGEMENT 16257331 COREWORKS PO BOX 102289 ATLANTA GA 30368 MAINT. & ENVIRONMENTAL SERVICES 1426657 FSL INC 8000 FELLOWSHIP ROAD BASKING RIDGE NJ 07920 MANAGEMENT SERVICES 254030 CHRISTO CONSULTING LLC 314 RUTH ROAD HARLEYSVILLE PA 19438 IT SERVICES 112093 4 12206 12206 ASSISTED LIVING 623000 3725641 3725641 INDEPENDENT LIVING 623000 2205835 2205835 AMORTIZATION OF ENTR. FEES 623000 393084 393084 NURSING CARE 623000 174239 174239 6498799 74378 74378 80332 31891 48441 48441 48441 1726535 1954569 -228034 -228034 -228034 7068 0 7068 7068 MISCELLANEOUS INCOME 900099 37575 37575 LAUNDRY REVENUE 623000 7429 7429 TELEPHONE REVENUE 623000 3296 3296 3004 3004 51304 6464162 6498799 0 -46843 165428 165428 3099132 2751174 347958 6486 4724 1762 823076 701358 121718 204513 158581 45932 280645 280645 99396 99396 66118 66118 298 298 9233 9233 781790 630503 151287 116998 116998 206317 189311 17006 128582 1115 127467 1096040 1096040 2256 337 1919 2674 2674 492099 492099 1052009 1052009 391903 391903 FOOD 340715 340715 AMORT. OF DEFERRED FINA 151394 151394 BAD DEBT 141220 141220 DUES, FEES, & LICENSES 73658 17344 56314 24521 21083 3438 9756501 8143584 1612917 0 3646 0 2508538 0 0 549090 0 0 0 0 0 95627 0 0 15504319 0 3313847 0 0 0 0 0 21975067 0 1107076 0 1559480 0 12345346 0 41760 0 13329833 0 28383495 0 X -6408428 0 -6408428 0 21975067 0 X -3292339 -314344 10015111 X 0 0 0 X 26325 102259 684366 2840103 12206 3665259 13996267 14127237 12785951 8805122 6498799 56213376 14022592 14229496 13470317 11645225 6511005 59878635 0 0 0 59878635 263092 280326 352833 246851 154710 1297812 263092 280326 352833 246851 154710 1297812 97083 48840 29398 236678 58372 470371 14382767 14558662 13852548 12128754 6724087 61646818 0.97130 0.97320 0.02110 0.01960 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: BEAUTY BARBER REVENUE - 2018 AMOUNT: $ 6,508. 2019 AMOUNT: $ 6,578. 2020 AMOUNT: $ 2,181. 2021 AMOUNT: $ -661. 2022 AMOUNT: $ 3,004. TELEPHONE REVENUE - 2018 AMOUNT: $ 7,443. 2019 AMOUNT: $ 5,724. 2020 AMOUNT: $ 4,137. 2021 AMOUNT: $ 4,045. 2022 AMOUNT: $ 3,296. LAUNDRY REVENUE - 2018 AMOUNT: $ 9,493. 2019 AMOUNT: $ 12,306. 2020 AMOUNT: $ 5,990. 2021 AMOUNT: $ 45,957. 2022 AMOUNT: $ 7,429. GIFT SHOP SALES - 2018 AMOUNT: $ 20,396. 2019 AMOUNT: $ 20,109. 2020 AMOUNT: $ 17,090. 2021 AMOUNT: $ 13,048. 2022 AMOUNT: $ 7,068. NONCHARITABLE FUNDRAISING RECEIPTS - 2018 AMOUNT: $ 53,243. 2019 AMOUNT: $ 4,123. MISCELLANEOUS INCOME - 2021 AMOUNT: $ 3,653. 2022 AMOUNT: $ 37,575. REFUNDS - 2021 AMOUNT: $ 170,636. 0 0 0 0 0 0 0 0 1 298 298 0 PART II-B, LINE 1: FRIENDS HOME AT WOODSTOWN, INC. PAYS DUES TO LEADINGAGE NEW JERSEY WHICH ADVOCATES FOR NURSING HOMES AND OTHER CARE FACILITIES FOR THE AGED. SMALL PORTIONS OF THE DUES TO LEADINGAGE NEW JERSEY ARE USED FOR LOBBYING EXPENSES. 0 0 0 X X X X 1 0 0 0 0 0 0 0 0 CRAIG PETRY CEO UNTIL JANUARY 2022 0 0 0 0 164216 0 0 0 1212 0 165428 0 0 0 PART I, LINE 4A CRAIG PETRY RECEIVED SEVERANCE OF $164,216. CASH 2022-12-30 534163 BOOK VALUE 873685420 FRIENDS VILLAGE INC 8000 FELLOWSHIP ROAD BASKING RIDGE NJ 07920 501(C)(3) PREPAID EXPENSES 2022-12-30 23342 BOOK VALUE 873685420 FRIENDS VILLAGE INC 8000 FELLOWSHIP ROAD BASKING RIDGE NJ 07920 501(C)(3) LAND, BUILDING & EQUIPMENT 2022-12-30 14657586 BOOK VALUE 873685420 FRIENDS VILLAGE INC 8000 FELLOWSHIP ROAD BASKING RIDGE NJ 07920 501(C)(3) 0 0 0 0 0 1 1 1 1 1 FORM 990, PART VI, SECTION A, LINE 2 RICHARD AND SANDRA RIDGEWAY HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B FOR THE CURRENT YEAR'S FILING, SENIOR MANAGEMENT HAS REVIEWED THE FORM 990 INTERNALLY PRIOR TO FILING THE RETURN WITH THE IRS. THE FORM 990 WAS PROVIDED TO THE FULL BOARD FOR REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE ANNUALLY. THE DISCLOSURES ARE REVIEWED ANNUALLY BY THE BOARD AND AS NEW CONFLICTS ARISE. SHOULD THERE BE A CONFLICT OR AN APPEARANCE OF A CONFLICT, THE FOLLOWING PROCESS APPLIES: 1. ANY POSSIBLE CONFLICT OF INTEREST WITH THE INTERESTS OF FRIENDS HOME AT WOODSTOWN, DBA/ FRIENDS VILLAGE AT WOODSTOWN ON THE PART OF ANY BOARD MEMBER SHALL BE DISCLOSED TO THE OTHER MEMBERS OF THE BOARD AND MADE A MATTER OF RECORD, EITHER THROUGH AN ANNUAL PROCEDURE OR WHEN THE INTEREST BECOMES A MATERIAL ONE IN RELATION TO A MATTER BEFORE THE BOARD. 2. ANY BOARD MEMBER HAVING A POSSIBLE CONFLICT OF INTEREST ON A MATTER BEFORE THE BOARD SHALL DISCLOSE THE CONFLICT AND NOT PARTICIPATE IN THE DECISION-MAKING PROCESS OR USE HER/HIS PERSONAL INFLUENCE ON THE MATTER. SHE OR HE SHALL NOT BE COUNTED IN DETERMINING THE QUORUM FOR THE MEETING, EVEN WHERE PERMITTED BY LAW. THE MINUTES OF THE MEETING SHALL REFLECT THE DISCLOSURE, THE ABSTENTION FROM THE DECISION-MAKING PROCESS, AND THE QUORUM SITUATION. 3. THE FORGOING REQUIREMENTS SHALL NOT BE CONSTRUED AS PREVENTING THE BOARD MEMBER FROM BRIEFLY STATING HIS/HER POSITION ON THE MATTER OR FROM ANSWERING PERTINENT QUESTIONS FROM OTHER BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO, OFFICERS, AND KEY EMPLOYEES ARE DETERMINED BY AN INDEPENDENT COMMITTEE OF THE BOARD WHICH BASES ITS DECISIONS ON OTHER 990'S AND A FAIR MARKET COMPENSATION STUDY. THE PROCESS SEEKS TO ENSURE THAT ALL COMPENSATION STAYS WITHIN FAIR MARKET VALUE FOR THE INDUSTRY. COMPENSATION IS THEN APPROVED BY THE BOARD AND DISCUSSIONS ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL PROVIDE UPON IN-PERSON, VERBAL, OR WRITTEN REQUEST DOCUMENTS RELATING TO THE GOVERNANCE, CONFLICTS OF INTEREST AND FINANCIAL STATEMENTS, ALL OF WHICH ARE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN SWAP VALUE 359,402. NET ASSET TRANSFER TO FRIENDS VILLAGE 9,655,709. WOODS COURT INC ONE FRIENDS DRIVE WOODSTOWN NJ 08098 222368168 INDEPENDENT LIVING HOUSING NJ 501(C)(3) LINE 12B, II FRIENDS HOME AT WOODSTOWN 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0