2016-12-02T07:30:04-06:00 2016-09-30 560817345 Turlington and Company LLP PO Box 1697 Lexington NC 272931697 990 2015-10-01 560754599 Friends Homes Inc FRIE 3362928187 925 New Garden Road Greensboro NC 27410 Wilson Sheldon Chief Executive Officer 3362928187 2016-11-16 1 Marcia W Henriksen P01259831 3362496856 2015 2017-02-10 21:41:12Z Wilson Sheldon 925 New Garden Road Greensboro NC 27410 64368472 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. 25 25 599 75 0 0 191344 330720 25762378 26160208 641906 2938558 0 0 26595628 29429486 0 0 0 0 13959312 14726684 0 0 0 11546369 12169486 25505681 26896170 1089947 2533316 81323432 83780545 48893306 48285175 32430126 35495370 To provide nursing and residential care and other support services to the elderly. 0 0 24003711 26160208 There are 10 cottages, 358 apartments, 100 assisted care beds and 109 nursing beds. 24003711 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 107 0 599 1 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X Wilson Sheldon 3362928187 925 New Garden Road Greensboro NC 27410 Mark Farlow Board Member 0.00 X 0 0 0 Terri Harris Vice-chairman 0.00 X X 0 0 0 Beth Joyce Board Member 0.00 X 0 0 0 Jack Kirk Board Member 0.00 X 0 0 0 Deets McCullen Board Member 0.00 X 0 0 0 Carolyn McPherson Secretary 0.00 X X 0 0 0 Martha Mattocks Board Member 0.00 X 0 0 0 David Millikan Board Member 0.00 X 0 0 0 Janet Robbins Board Member 0.00 X 0 0 0 Jennifer Ross Board Member 0.00 X 0 0 0 Sara Beth Terrell Board Member 0.00 X 0 0 0 Patrick Tillman Board Member 0.00 X 0 0 0 Ben Warren Board Member 0.00 X 0 0 0 Marla Allred Board Member 0.00 X 0 0 0 Tim E Jackson Administrator 40.00 X 104457 0 0 Traci Cossman Board Member 0.00 X 0 0 0 Bill Davis Board Member 0.00 X 0 0 0 Dan Allen Board Member 0.00 X 0 0 0 Kathleen Kellum Board Member 0.00 X 0 0 0 Patrick Miller Board Member 0.00 X X 0 0 0 Jennifer Schaal Board Member 0.00 X 0 0 0 R Thompson Wright Chairman 0.00 X X 0 0 0 Donna Sprinkle Administrator 40.00 X 109273 0 0 Bob Gobble Board Member 0.00 X 0 0 0 Brian Poynton Board Member 0.00 X 0 0 0 Betty Rogers Board Member 0.00 X 0 0 0 Carl Semmler Treasurer 0.00 X X 0 0 0 Wilson Sheldon Jr CEO 40.00 X 220662 0 0 434392 0 0 3 0 1 0 0 330720 330720 Resident services 623000 26160208 26160208 26160208 983297 983297 36586847 307400 34593618 345368 1993229 -37968 1955261 1955261 29429486 26160208 0 2938558 X 11750255 10286390 1463865 275000 214498 60502 1875570 1650501 225069 825859 727872 97987 8550 8550 73054 73054 103335 103335 898888 791022 107866 2162820 2054679 108141 Food Costs 1519214 1519214 Utilities 1312369 1257903 54466 Charitable care 1233448 1233448 Repairs & maintenance 1101223 1100149 1074 3756585 3064700 691885 26896170 24003711 2892459 0 8405989 2719732 217309 0 1671426 1354766 183650 223623 51320 39581 81928830 36869339 46381982 45059491 24038760 34034317 372996 349035 81323432 83780545 1902335 2042791 11641691 12215972 33090000 31790000 1705893 1451109 553387 785303 48893306 48285175 X 32028504 35087956 336622 342414 65000 65000 32430126 35495370 81323432 83780545 X 2533316 639520 -107592 X 0 1 X 1 0 X 1332243 960047 357364 191344 330720 3171718 23664598 23510093 24807761 25762378 26160208 123905038 24996841 24470140 25165125 25953722 26490928 127076756 0 0 0 127076756 472990 537298 687632 914208 983297 3595425 472990 537298 687632 914208 983297 3595425 25469831 25007438 25852757 26867930 27474225 130672181 0.97250 0.97580 0.02750 0.02420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4906057 4906057 62050023 29605337 32444686 9003955 2819271 6184684 5968795 4444731 1524064 45059491 Occupancy deposits 82500 Prepaid rent 127453 Interest rate swap 575350 785303 X 29961414 639520 -107592 531928 29429486 0 29429486 26896170 0 26896170 0 26896170 Part X, Line 2: The Organization has determined that it has no uncertain income tax positions as of September 30, 2016 and 2015. 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, 2013 remain open for examination. Part XI, Line 2d - Other Adjustments: Unrealized loss on interest rate swap -141,184. Change in value of gift annuity 33,592. X 1 1 X 0 0 0 0 0 0 0 0 0 Wilson Sheldon Jr CEO 220662 0 0 0 0 0 0 0 0 0 220662 0 0 0 A North Carolina Medical Care Commission 521309402 657902M41 2011-11-01 37745000 Refunding prior bond issue dated 10/16/03 0 0 0 A 5955000 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 B, line 11 The 990 is reviewed by the Chief Executive Officer, the Controller and Chairman of the board. Form 990, Part VI, Section B, line 12c The policy is signed each time a member joins the board. The organization relies on the integrity of the board members to monitor their independence. Form 990, Part VI, Section B, line 15a The CEO's compensation is set by the compensation committee of the board who are independent. 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 734,091. Management and general expenses 0. Fundraising expenses 0. Total expenses 734,091. Supplies: Program service expenses 569,589. Management and general expenses 0. Fundraising expenses 0. Total expenses 569,589. Contractual dietary: Program service expenses 482,520. Management and general expenses 0. Fundraising expenses 0. Total expenses 482,520. Miscellaneous: Program service expenses 279,697. Management and general expenses 198,066. Fundraising expenses 0. Total expenses 477,763. Insurance: Program service expenses 293,784. Management and general expenses 129,923. Fundraising expenses 0. Total expenses 423,707. Management fees: Program service expenses 197,898. Management and general expenses 197,898. Fundraising expenses 0. Total expenses 395,796. Prescription drugs, etc.: Program service expenses 372,802. Management and general expenses 0. Fundraising expenses 0. Total expenses 372,802. Office expenses: Program service expenses 76,176. Management and general expenses 142,548. Fundraising expenses 0. Total expenses 218,724. Property Taxes: Program service expenses 37,710. Management and general expenses 0. Fundraising expenses 0. Total expenses 37,710. Dues and Subscriptions: Program service expenses 3,985. Management and general expenses 23,450. Fundraising expenses 0. Total expenses 27,435. Amortization of bond issue costs: Program service expenses 16,448. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,448. Form 990, Part XI, line 9: Unrealized gain/loss on interest rate swap -141,184. Change in value of gift annuity 33,592.