2019-02-12T07:16:22-06:00 2018-09-30 560817345 Turlington and Company LLP PO Box 1697 Lexington NC 272931697 990 2017-10-01 560754599 Friends Homes Inc FRIE 3362928187 925 New Garden Road Greensboro NC 27410 Floyd Chambless Dickey Controller 3362928187 2019-02-12 1 Marcia W Henriksen P01259831 3362496856 66.57.15.218 2019-02-12 07:22:29 ES P 67807BDFED041270943B9FE2A0DCAC0D0B70FFD7 CC7070D7FB6C388F9E8CEF1DD37C1EE8A045F27B 2017 2019-02-21 02:37:17Z Floyd Chambless Dickey 925 New Garden Road Greensboro NC 27410 42298948 0 X 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 reasonable 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 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. 22 22 609 75 0 0 161419 220437 26666868 27974287 1765564 3378301 0 0 28593851 31573025 0 0 0 0 14060633 13894810 0 0 0 13330959 14233684 27391592 28128494 1202259 3444531 88390724 93008660 47985493 48428547 40405231 44580113 To provide nursing and residential care and other support services to the elderly. 0 0 25098968 27974287 There are 5 cottages, 355 apartments, 100 assisted care beds and 109 nursing beds. 25098968 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 133 0 609 0 0 0 0 0 0 0 0 0 X 22 22 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X Cham Dickey 3362928187 925 New Garden Road Greensboro NC 27410 X Tom Wright Board member 0.25 X 0 0 0 Deets McCullen Board member 0.25 X 0 0 0 Terri Harris Chairman 0.25 X X 0 0 0 Carl Semmler Vice Chair 0.25 X X 0 0 0 Carolyn McPherson Secretary 0.25 X X 0 0 0 Dan Allen Treasurer 0.25 X X 0 0 0 Janet Robbins Board member 0.25 X 0 0 0 Patrick Miller Board member 0.25 X 0 0 0 Don Farlow Board member 0.25 X 0 0 0 Mark Farlow Board member 0.25 X 0 0 0 Jennifer Ross Board member 0.25 X 0 0 0 Beth Joyce Board member 0.25 X 0 0 0 Marla Allred Board member 0.25 X 0 0 0 Elwood Parker Board member 0.25 X 0 0 0 Ben Warren Board member 0.25 X 0 0 0 Brent McKinney Board member 0.25 X 0 0 0 Joy Reavis Board member 0.25 X 0 0 0 Annemarie Dloniak Board member 0.25 X 0 0 0 Bill McNeil Board member 0.25 X 0 0 0 Betty Rogers Board member 0.25 X 0 0 0 Bob Gobble Board member 0.25 X 0 0 0 Ed Phillips Board member 0.25 X 0 0 0 0 0 0 0 0 0 0 PHI Management Services LLC 2109 Sandy Ridge Road Colfax NC 27235 Management Services 1161978 Legacy Health Care Services Inc PO BOX 743715 Atlanta GA 30384 Therapy Services 747843 Fourth Elm Construction LLC 110 Shields Park Drive Suite A Kernersville NC 27284 Construction Services 212424 Derrider D Case 7004 Pawnee Road Greensboro NC 27410 Salon Services 178101 Armenta Painting LLC PO BOX 41272 Greensboro NC 27404 Painting Services 116910 5 220437 220437 Resident services 623000 27974287 27974287 27974287 1475189 1475189 12627099 1936 10725923 0 1901176 1936 1903112 1903112 31573025 27974287 0 3378301 X 11334822 10300536 1034286 251732 187191 64541 1525503 1342443 183060 782753 732206 50547 11736 11736 64108 64108 105694 105694 1077542 948237 129305 2482000 2357900 124100 Repairs & maintenance 1704257 1698392 5865 Food Costs 1547791 1547791 Utilities 1370299 1313429 56870 Management fees 1161979 580990 580989 4708278 3984159 724119 28128494 25098968 3029526 0 3433637 1222725 1074435 1401513 199457 153109 116452 160990 84247839 38737881 45255621 45509958 38053486 41874288 257636 2686077 88390724 93008660 2018068 2936237 14087363 15210989 30420000 28995000 1137500 872500 322562 413821 47985493 48428547 X 39972750 44092144 367481 422969 65000 65000 40405231 44580113 88390724 93008660 X 3444531 368498 361853 X 0 1 X 1 0 X 357364 191344 330720 161419 220437 1261284 24807761 25762378 26160208 26666868 27974287 131371502 25165125 25953722 26490928 26828287 28194724 132632786 0 0 0 132632786 687632 914208 983297 1084105 1475189 5144431 687632 914208 983297 1084105 1475189 5144431 25852757 26867930 27474225 27912392 29669913 137777217 0.96270 0.96840 0.03730 0.03160 X 6092768 6092768 61984767 32356020 29628747 11221412 3378446 7842966 4948892 3003415 1945477 45509958 Occupancy deposits 262725 Prepaid rent 26896 Prepaid entrance fee 124200 413821 X 32303376 368498 361853 730351 31573025 0 31573025 28128494 0 28128494 0 28128494 Part X, Line 2: The Organization has determined that it has no uncertain income tax positions as of September 30, 2018 and 2017. 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, 2015 remain open for examination. Part XI, Line 2d - Other Adjustments: Unrealized gain on interest rate swap 361,853. A North Carolina Medical Care Commission 521309402 657902M41 2011-11-01 37745000 Refunding prior bond issue dated 10/16/03 0 0 0 A 8750000 37745000 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 Branch Bank & Trust 7.000000000000 0 0 0 0 0 A 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. Form 990, Part VI, Section B, line 11b The 990 is reviewed by the Executive Committee and provided to the full Board prior to filing. Form 990, Part VI, Section B, line 12c Board members are required annually to sign a conflict of interest statement and are required 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 912,849. Management and general expenses 0. Fundraising expenses 0. Total expenses 912,849. Contractual dietary: Program service expenses 797,437. Management and general expenses 0. Fundraising expenses 0. Total expenses 797,437. Miscellaneous: Program service expenses 451,228. Management and general expenses 318,967. Fundraising expenses 0. Total expenses 770,195. Supplies: Program service expenses 596,125. Management and general expenses 0. Fundraising expenses 0. Total expenses 596,125. Prescription drugs, etc.: Program service expenses 437,286. Management and general expenses 0. Fundraising expenses 0. Total expenses 437,286. Insurance: Program service expenses 272,794. Management and general expenses 122,582. Fundraising expenses 0. Total expenses 395,376. Charitable care: Program service expenses 378,762. Management and general expenses 0. Fundraising expenses 0. Total expenses 378,762. Office expenses: Program service expenses 59,074. Management and general expenses 256,418. Fundraising expenses 0. Total expenses 315,492. Property Taxes: Program service expenses 57,460. Management and general expenses 0. Fundraising expenses 0. Total expenses 57,460. Dues and Subscriptions: Program service expenses 4,579. Management and general expenses 26,152. Fundraising expenses 0. Total expenses 30,731. Amortization of bond issue costs: Program service expenses 16,565. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,565. Form 990, Part XI, line 9: Unrealized gain on interest rate swap 361,853.