Friends Health Care Association
- Assets
- $9.5m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 135
- Location
- Yellow Springs, OH
- Founding
- 12/1977
- Data as of
- 12/2021
- EIN
- 31-0920577
Organization Overview
Friends Health Care Association, operating under the name Friends Care Community, is located in Yellow Springs, OH. The organization was established in 1977. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Friends Care Community employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Care Community is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Friends Care Community generated $7.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $7.6m during the year ending 12/2021. While expenses have increased by 1.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FHCA OPERATES A CONTINUING CARE RETIREMENT COMMUNITY SERVING THE YELLOW SPRINGS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SKILLED NURSING CENTER OFFERS A PLACE FOR SHORT TERM REHABILITATION AFTER A HOSPITAL STAY OR LONG TERM CARE WHEN NEEDED. STAFFED BY FRIENDLY, CARING PEOPLE, ITS 66-BED NURSING FACILITY INCLUDES 16 REHABILITATION/SHORT-TERM CARE BEDS. REHABILITATIVE CARE IS PROVIDED BY LICENSED PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS FOR RESIDENTS RECOVERING FROM MAJOR SURGERY, STROKE, HEART ATTACK, ORTHOPEDIC AND OTHER MEDICAL CONDITIONS AND ILLNESSES.
FEATURING 20 INDIVIDUAL APARTMENTS WITH FOUR DIFFERENT FLOOR PLANS AND LARGE BATHROOMS, THE ASSISTED LIVING UNIT IS A LICENSED FACILITY DESIGNED TO ENHANCE INDEPENDENCE. THE CENTER ENCOURAGES RESIDENTS TO ENJOY SOCIALIZING IN A SECURE, MODEST, QUIET SETTING.
INDEPENDENT LIVING AFFORDS PRIVACY AND FREEDOM COMBINED WITH THE SECURITY OF A 24 HOUR ON-CALL ASSISTANCE AND A MAINTENANCE FREE ENVIRONMENT. THE 10 INDEPENDENT LIVING DUPLEXES ARE NESTLED ALONG SPECTACULAR WALKING PATHS THROUGH BEAUTIFUL WOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Montgomery Executive Director | Officer | 40 | $137,256 |
Christopher Palassis Vice President | OfficerTrustee | 2 | $0 |
Donna Silvert President | OfficerTrustee | 2 | $0 |
Trent Fisher Treasurer | OfficerTrustee | 2 | $0 |
Ann Cooper Secretary | OfficerTrustee | 1 | $0 |
Liz Porter Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthcare Services Group Dietary, Laundry, Housekeeping Svcs | 12/30/21 | $293,960 |
Concept Rehab Therapy Services | 12/30/21 | $486,560 |
Dedicated Nursing Associates Purchased Nursing Services | 12/30/21 | $146,450 |
Dayfield Senior Solutions Accounting And Billing Services | 12/30/21 | $140,004 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,156 |
| Related organizations | $0 |
| Government grants | $828,164 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,872 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $884,192 |
| Total Program Service Revenue | $6,747,201 |
| Investment income | -$206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,400 |
| Net Gain/Loss on Asset Sales | $129,129 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,761,716 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,871 |
| Compensation of current officers, directors, key employees. | $160,871 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,061,096 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $333,558 |
| Payroll taxes | $210,367 |
| Fees for services: Management | $19,780 |
| Fees for services: Legal | $37,338 |
| Fees for services: Accounting | $16,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,229,266 |
| Advertising and promotion | $32,337 |
| Office expenses | $239,259 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $380,847 |
| Travel | $7,928 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $71,269 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $584,692 |
| Insurance | $39,163 |
| All other expenses | $143,182 |
| Total functional expenses | $7,573,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550 |
| Savings and temporary cash investments | $2,859,497 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $384,384 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $52,860 |
| Net Land, buildings, and equipment | $5,631,057 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $570,465 |
| Total assets | $9,498,813 |
| Accounts payable and accrued expenses | $520,733 |
| Grants payable | $0 |
| Deferred revenue | $3,013,740 |
| Tax-exempt bond liabilities | $736,896 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $918,886 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $95,052 |
| Total liabilities | $5,285,307 |
| Net assets without donor restrictions | $3,693,041 |
| Net assets with donor restrictions | $520,465 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,498,813 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Health Care Association has recieved totaling $6,461.
| Awarding Organization | Amount |
|---|---|
Yellow Springs Community Foundation Yellow Springs, OH PURPOSE: GENERAL PROGRAM | $6,461 |
Endowment Analysis
| Beg. Balance | $504,777 |
| Earnings | $72,028 |
| Other Expense | $6,340 |
| Ending Balance | $570,465 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Germantown Home Philadelphia, PA | $23,238,200 | $17,117,508 |
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |
Grove Manor Corporation Grove City, PA | $38,510,469 | $20,011,663 |
American Health Foundation Inc Dublin, OH | $18,460,178 | $15,917,114 |
Phoebe Richland Health Care Center Allentown, PA | $42,688,223 | $20,669,291 |
Michigan Christian Home Grand Rapids, MI | $105,314,138 | $18,661,362 |
Hatfield Mennonite Home Hatfield, PA | $33,080,459 | $18,750,870 |
West Side Deutscher Frauen Verein Strongsville, OH | $52,788,164 | $24,260,766 |
Upmc Senior Communities Inc Pittsburgh, PA | $51,351,268 | $15,897,912 |
Garvey Manor Nursing Home Hollidaysburg, PA | $30,215,227 | $18,421,256 |
Presbyterian Village East Chesterfield Twp, MI | $23,144,610 | $18,364,022 |
Brethren Care Inc Ashland, OH | $33,039,248 | $18,821,544 |