2021-11-12T17:01:00-06:00 2020-12-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2020-01-01 210455847 FRIENDS HOME AT WOODSTOWN INC FRIE 8567691500 ONE FRIENDS DRIVE WOODSTOWN NJ 08098 CRAIG PETRY CEO 8567691500 2021-11-12 1 CRAIG PETRY 999009999 KERRI N BOGDA CPA P00760402 7177404863 X 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z FRIENDS VILLAGE AT WOODSTOWN CRAIG PETRY ONE FRIENDS DRIVE WOODSTOWN NJ 08098 21635879 0 X WWW.FRIENDSVILLAGE.ORG X 1896 NJ FULL SERVICE CONTINUING CARE RETIREMENT COMMUNITY 10 10 319 49 0 0 102259 684366 14127237 12785951 589940 1439339 41609 53827 14861045 14963483 0 0 0 0 9356664 10343699 0 0 0 6605143 7578311 15961807 17922010 -1100762 -2958527 28973206 25877558 29706700 30533180 -733494 -4655622 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 14766856 0 12785951 FRIENDS VILLAGE 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 60 BED NURSING FACILITY, A 61 BED ASSISTED LIVING FACILITY, AND 75 INDEPENDENT LIVING APARTMENTS AND COTTAGES. FRIENDS VILLAGE AT WOODSTOWN PROVIDES CHARITY CARE TO RESIDENTS WHO MEET CERTAIN CRITERIA WITHOUT CHARGE OR AT AMOUNTS LESS THAN ESTABLISHED RATES. FRIENDS VILLAGE AT WOODSTOWN ALSO ALLOWS LOCAL ORGANIZATIONS/GROUPS TO MEET ON CAMPUS AT NO CHARGE. THESE GROUPS HAVE INCLUDED THE ALZHEIMER'S SUPPORT GROUP, HABITAT FOR HUMANITY, ROTARY CLUB, THE AMERICAN RED CROSS, AND LOCAL CHURCH GROUPS. WE ARE COMMITTED TO PARTNERING WITH OUR LOCAL COMMUNITY AND HAVING A POSITIVE IMPACT THROUGH COLLABORATION AND ACTIVE PARTICIPATION. 14766856 1 1 0 1 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 76 0 319 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NJ X CRAIG PETRY CEO 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 GLENN SHIRLEY RESIDENT MEMBER 3.00 X 0 0 0 JOHN BOND ASSISTANT CLERK 3.00 1.00 X X 0 0 0 PENELOPE WATSON MEMBER 3.00 X 0 0 0 CARLTON GARDINER RESIDENT MEMBER (RES. JULY '20) 3.00 X 0 0 0 JEFF GIBSON MEMBER 3.00 X 0 0 0 ARLEY JOHNSON MEMBER 3.00 X 0 0 0 DANIEL MURRAY MEMBER 3.00 X 0 0 0 TACIE TRULL MEMBER 3.00 X 0 0 0 CRAIG PETRY CEO 40.00 X 167758 0 12482 VERNE FREEMAN CFO (UNTIL MAY '20) 40.00 X 70223 0 4486 BARBARA CLINE-MACCARONE MDS COORDINATOR 40.00 X 109618 0 11806 MICHAEL VIZOCO LNHA 40.00 X 114503 0 10188 LEEANNE MCCAULEY DIRECTOR OF NURSING 40.00 X 125696 0 1330 HALEY KOOISTRA OCCUPATIONAL THERAPIST 40.00 X 108712 0 11595 JILLIAN KEANE OCCUPATIONAL THERAPIST 40.00 X 104897 0 903 801407 0 52790 7 0 1 0 COREWORKS PO BOX 102289 ATLANTA GA 30368 MAINTENANCE & ENVIRONMENTAL SERVICES 1899819 UNIDINE INC 2400 YORKMONT ROAD CHARLOTTE NC 28217 DINING MANAGEMENT 1886474 BAYADA HOME HEALTH CARE PO BOX 536446 PITTSBURGH PA 15253 NURSE AGENCY 361773 CHRISTO CONSULTING LLC 314 RUTH ROAD HARLEYSVILLE PA 19438 IT SERVICES 166964 4 623764 60602 684366 NURSING CARE 623000 5639553 5639553 ASSISTED LIVING 623000 4451745 4451745 INDEPENDENT LIVING 623000 2328217 2328217 AMORTIZATION OF ENTR. FEES 623000 366436 366436 12785951 302040 302040 50793 24355 26438 26438 26438 7783331 6646032 1137299 1137299 1137299 17090 2009 15081 15081 LAUNDRY REVENUE 623000 5990 5990 TELEPHONE REVENUE 623000 4137 4137 BEAUTY & BARBER REVENUE 623000 2181 2181 12308 14963483 12785951 0 1493166 X 254950 254950 7909654 7162015 747639 27888 24231 3657 1368906 992126 376780 782301 686692 95609 123197 123197 141469 141469 600 600 10727 10727 2328696 1400370 928326 97053 97053 299380 187031 112349 150713 150713 1226040 1226040 3525 683 2842 34062 18854 15208 480479 480479 1126200 1126200 158774 158774 MEDICAL SUPPLIES 536444 536444 FOOD 475242 475242 BAD DEBT 240077 240077 DUES, FEES, & LICENSES 92341 6072 86269 53292 45526 7766 17922010 14766856 3155154 0 224216 3910 1672176 1843937 1806055 486006 18299 83116 106426 34165907 17918629 16963381 16247278 8205963 7190001 28973206 25877558 929683 968927 1974497 1308932 13391739 12883176 25446 10446 1991517 13385335 13370182 29706700 30533180 X -738510 -4666199 5016 10577 -733494 -4655622 28973206 25877558 X -2958527 -808074 196576 -352103 X 0 0 0 X 290288 128855 26325 102259 684366 1232093 13109587 13409297 13996267 14127237 12785951 67428339 13399875 13538152 14022592 14229496 13470317 68660432 0 0 0 68660432 251764 206403 263092 280326 352833 1354418 251764 206403 263092 280326 352833 1354418 50072 80541 97083 48840 29398 305934 13701711 13825096 14382767 14558662 13852548 70320784 0.97640 0.97830 0.01930 0.01780 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: BEAUTY BARBER REVENUE - 2016 AMOUNT: $ 3,504. 2017 AMOUNT: $ 3,489. 2018 AMOUNT: $ 6,508. 2019 AMOUNT: $ 6,578. 2020 AMOUNT: $ 2,181. TELEPHONE REVENUE - 2016 AMOUNT: $ 9,566. 2017 AMOUNT: $ 9,558. 2018 AMOUNT: $ 7,443. 2019 AMOUNT: $ 5,724. 2020 AMOUNT: $ 4,137. LAUNDRY REVENUE - 2016 AMOUNT: $ 12,992. 2017 AMOUNT: $ 10,275. 2018 AMOUNT: $ 9,493. 2019 AMOUNT: $ 12,306. 2020 AMOUNT: $ 5,990. GIFT SHOP SALES - 2016 AMOUNT: $ 12,556. 2017 AMOUNT: $ 14,817. 2018 AMOUNT: $ 20,396. 2019 AMOUNT: $ 20,109. 2020 AMOUNT: $ 17,090. NONCHARITABLE FUNDRAISING RECEIPTS - 2016 AMOUNT: $ 11,454. 2017 AMOUNT: $ 42,402. 2018 AMOUNT: $ 53,243. 2019 AMOUNT: $ 4,123. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 600 600 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 1 X 525752 525752 525752 525752 525752 525752 511799 35772 21819 525752 1 528638 528638 27120630 17516284 9604346 6448670 402345 6046325 67969 67969 16247278 RESIDENT DEPOSITS 59800 DUE TO AFFILIATES 20567 SWAP VALUATION DIFFERENCE 735972 REFUNDABLE ENTRANCE FEES 12553843 13370182 PART IV, LINE 2B: SELECT PATIENTS HAVE FUNDS THAT GO INTO AN ACCOUNT EACH MONTH. FUNDS ARE USED TO PAY THEIR BILLS AND AT LEAST SOME RECEIVE $50/MONTH FROM THE FUNDS. PART V, LINE 4: DURING THE 2016 AUDIT, DOCUMENTS RELATED TO THE ENDOWMENT WERE REVIEWED RESULTING IN A RECLASSIFICATION OF NET ASSETS FROM PERMANENTLY RESTRICTED TO AN UNRESTRICTED QUASI ENDOWMENT FUND AS THE FUNDS ARE BOARD DESIGNATED. DURING 2019, THE ORGANIZATION REVIEWED THE UNDERLYING DOCUMENTATION OF CERTAIN DONOR TRUST AGREEMENTS AND HAS CORRECTED THE RESTRICTION OF THE ENDOWMENT AND MOVED THESE AMOUNTS TO UNRESTRICTED. THE RECLASSIFICATION RELEASES THE ORGANIZATION FROM REPORTING THE FUNDS AS AN ENDOWMENT. X X X X 0 0 0 0 0 0 0 0 0 CRAIG PETRY CEO 167758 0 0 0 0 0 1976 0 10506 0 180240 0 0 0 A NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 NONEAVAIL 2009-12-23 17500000 REFUND OUTSTANDING 2004 BONDS, PAY PORTION ADJACENT PROPERTY'S ACQUIS. COSTS 0 0 0 A 4544047 17500000 21567 273015 17500000 2009 0 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 1 1 BRANCH BANKING & TRUST 5.000000000000 0 0 0 0 0 A 0 SCHEDULE K, POST BOND-ISSUANCE PROCEDURES THE ORGANIZATION RECOGNIZES THE NECESSITY TO CAREFULLY MONITOR ITS BOND PROCEEDS AND TAKES EXTREME CARE IN ENSURING THAT THE PROCEEDS MEET ALL SAFE HARBOR REQUIREMENTS. THE ORGANIZATION ALSO MONITORS FOR ARBITRAGE AND UNDERSTANDS THE IMPLICATIONS OF AND NECESSITY FOR REPORTING ANY ARBITRAGE TRANSACTIONS. THE ORGANIZATION HAS NOT, HOWEVER, DOCUMENTED ITS PROCEDURES IN WRITTEN FORM. 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 WILL BE SHARED WITH THE FULL BOARD AT A SCHEDULED MEETING FOLLOWING THE RETURN DEADLINE. IN SUBSEQUENT YEARS, THE RETURN WILL BE DISTRIBUTED AND REVIEWED BY ALL BOARD MEMBERS AT A MONTHLY MEETING PRIOR TO FILING TO THE RETURN WITH THE IRS. 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 IX, LINE 11G SERVICE CONTRACTS: PROGRAM SERVICE EXPENSES 874,902. MANAGEMENT AND GENERAL EXPENSES 902,750. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,777,652. CONSULTING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 25,576. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,576. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 525,468. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 525,468. FORM 990, PART XI, LINE 9: CHANGE IN SWAP VALUE -352,103. 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 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0