2022-12-22T09:21:06-06:00 2022-09-30 560817345 Turlington and Company LLP PO Box 1697 Lexington NC 272931697 990 2021-10-01 560754599 Friends Homes Inc FRIE 3362928187 925 New Garden Road Greensboro NC 27410 Don Farlow Chair 3362928187 2022-12-22 1 Don Farlow XXX-XX-XXXX Marcia W Henriksen P01259831 3362496856 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z Don Farlow 925 New Garden Road Greensboro NC 27410 60191007 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 19 666 75 0 0 1732180 651906 31391371 33522282 3060066 8401930 0 0 36183617 42576118 669177 243262 0 0 15481819 16159656 0 0 0 17936386 20515910 34087382 36918828 2096235 5657290 195306442 191608853 136785903 148001211 58520539 43607642 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 32461297 243262 33522282 There are 14 cottages, 28 townhomes, 355 apartments, 100 assisted care beds and 109 nursing beds. 32461297 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 73 0 666 1 0 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 0 0 0 X Lynn Hall 3362928187 925 New Garden Road Greensboro NC 27410 X Annemarie Dloniak Treasurer 0.25 X X 0 0 0 Jay Bumm Board member 0.25 X 0 0 0 Don Farlow Chair 0.25 X X 0 0 0 Kathy Coe Board Member 0.25 X 0 0 0 Betty Kane Board member 0.25 X 0 0 0 Pete Cross Vice Chair 0.25 X X 0 0 0 Nancy Glenz Board member 0.25 X 0 0 0 George Harris Board member 0.25 X 0 0 0 Marshall Hurley 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 Ted Lide Board member 0.25 X 0 0 0 Hector McEachern Board member 0.25 X 0 0 0 Brent McKinney Board member 0.25 X 0 0 0 Joy Reavis Secretary 0.25 X X 0 0 0 Bill McNeil Board member 0.25 X 0 0 0 Elwood Parker Board member 0.25 X 0 0 0 Reggie Beeson Board member 0.25 X 0 0 0 Ray Treadway Board member 0.25 X 0 0 0 0 0 0 0 0 0 0 Landmark Builders Inc 3520 Triad Ct Winston Salem NC 27107 Construction Services 36552237 Morrison Living 400 Northridge Road Suite 600 Atlanta GA 30350 Dining/Environmental Services 3435738 PHI Management Services LLC 2109 Sandy Ridge Road Colfax NC 27235 Management Services 3359055 ID COLLABORATIVE Acquisition LLC 201 State Street Greensboro NC 27408 Interior Design Services 788209 Legacy Health Care Services Inc PO BOX 743715 Atlanta GA 30384 Therapy Services 694023 5 651906 651906 Resident services 623000 33522282 33522282 33522282 2744116 2744116 23272703 17603585 11304 5669118 -11304 5657814 5657814 42576118 33522282 0 8401930 X 243262 243262 13687803 12290398 1397405 161715 161715 1369120 1204826 164294 941018 895431 45587 7328 7328 70380 70380 152406 152406 114017 114017 1628366 1432962 195404 4333196 4116536 216660 Repairs & maintenance 2289632 2281332 8300 Food Costs 1949813 1949813 Management fees 1514779 757390 757389 Utilities 1421995 1362980 59015 7033998 5812350 1221648 36918828 32461297 4457531 0 53063842 24980918 405415 153612 2254989 3027297 12743 15288 167769 207428 142427503 49005959 58409784 93421544 57440919 43682272 23550981 26120494 195306442 191608853 5630034 7432461 19542675 28299292 107631744 106571945 420000 320000 3561450 5377513 136785903 148001211 X 57085593 42519032 1434946 1088610 58520539 43607642 195306442 191608853 5657290 -20570187 0 X 0 1 X 1 0 X 220437 255854 1363349 1732180 651906 4223726 27974287 29590499 31024923 31391371 33522282 153503362 28194724 29846353 32388272 33123551 34174188 157727088 0 0 0 157727088 1475189 1634067 1566631 1529178 2591710 8796775 1475189 1634067 1566631 1529178 2591710 8796775 29669913 31480420 33954903 34652729 36765898 166523863 0.94720 0.95380 0.05280 0.04620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 266664 255970 2508 2508 522634 134699 131965 2508 2508 266664 50000 84699 2508 2508 134699 0 0 8938995 8938995 90973279 37442776 53530503 13094006 4674598 8419408 29421223 6888585 22532638 93421544 Construction in progress 24703686 Unamortized bond issue costs 1416808 26120494 Occupancy deposits 624725 Application deposits-new facility 4736287 Prepaid Rent 16501 5377513 X 22005931 -20570187 -20570187 42576118 0 42576118 36766422 0 36766422 152406 152406 36918828 Part V, Line 4: The endowment funds are used for resident assistance. Part X, Line 2: The Organization has determined that it has no uncertain income tax positions as of September 30, 2022 and 2021. 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, 2019 remain open for examination. 0 Community Foundation of Greater Greensboro Inc 301 N Elm St 100 Greensboro NC 27401 561380249 501(c)(3) 243262 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 3611262 218823 694461 21799948 375817 1 0 0 1 B 55199446 2706587 1861888 943505 45621493 2097839 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, 2023. 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 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 Contract Medical Services: Program service expenses 1,342,466. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,342,466. Supplies: Program service expenses 1,002,583. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,002,583. Miscellaneous: Program service expenses 714,604. Management and general expenses 241,873. Fundraising expenses 0. Total expenses 956,477. Contractual dietary: Program service expenses 944,386. Management and general expenses 0. Fundraising expenses 0. Total expenses 944,386. Office expenses: Program service expenses 37,399. Management and general expenses 858,225. Fundraising expenses 0. Total expenses 895,624. Charitable care: Program service expenses 787,031. Management and general expenses 0. Fundraising expenses 0. Total expenses 787,031. Prescription drugs, etc.: Program service expenses 539,007. Management and general expenses 0. Fundraising expenses 0. Total expenses 539,007. Insurance: Program service expenses 346,825. Management and general expenses 99,907. Fundraising expenses 0. Total expenses 446,732. Amortization of bond issue costs: Program service expenses 91,556. Management and general expenses 0. Fundraising expenses 0. Total expenses 91,556. Dues and Subscriptions: Program service expenses 6,493. Management and general expenses 21,643. Fundraising expenses 0. Total expenses 28,136.