Friends Fellowship Community Inc
- Assets
- $29.1m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 276
- Location
- Richmond, IN
- Founding
- 08/1967
- Data as of
- 09/2023
- EIN
- 35-1066778
Organization Overview
Friends Fellowship Community Inc is located in Richmond, IN. The organization was established in 1967. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2023, Friends Fellowship Community Inc employed 276 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Fellowship Community Inc 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 09/2023, Friends Fellowship Community Inc generated $11.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $12.8m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS FELLOWSHIP COMMUNITY IS A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY FOUNDED AND SERVING IN THE QUAKER TRADITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS FELLOWSHIP COMMUNITY, INC. PROVIDES A CONTINUUM OF CARE WITH SIX AREAS OF ACCOMMODATIONS FOR 231 INDIVIDUALS OVER THE AGE OF 60. RESIDENTS MAY MOVE THROUGH THE CONTINUUM AS THEIR NEEDS EVOLVE OVER TIME. THE CONTINUUM INCLUDES DUPLEX COTTAGES IN INDEPENDENT HOUSING, CONGREGATE LIVING IN INDEPENDENT LIVING, RESIDENTIAL AND ASSISTED RESIDENTIAL APARTMENTS, COMPREHENSIVE NURSING SERVICES IN THE HEALTH CARE CENTER, AND COMPASSIONATE CARE FOR INDIVIDUALS IN THE COURTYARDS, A SPECIAL CARE UNIT FOR INDIVIDUALS WITH ALZHEIMER'S DISEASE OR OTHER FORMS OF DEMENTIA. NEARLY 95% OF THE RESIDENTS HAVE ENTERED INTO A LIFE LEASE CONTRACT WHICH ASSURES LIFETIME CARE AND GUARANTEED ACCESS TO COMPREHENSIVE NURSING SERVICES IN THE HEALTH CARE CENTER. THE ASSURANCE OF LIFE TIME CARE IS PROVIDED IN THE FORM OF FINANCIAL ASSISTANCE FUNDED SOLELY BY THE ORGANIZATION'S RESOURCES TO THOSE RESIDENTS WHO HAVE OUTLIVED THEIR PERSONAL RESOURCES. (SEE SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer (through 12/31/22) | OfficerTrustee | 1 | $0 |
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gravity Diagnositics Llc Covid-19 Pcr Testing | 9/29/22 | $253,847 |
Beaty Construction Inc Construction Services | 9/29/22 | $244,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,393 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,393 |
| Total Program Service Revenue | $10,508,000 |
| Investment income | $321,972 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$4,619 |
| Net Gain/Loss on Asset Sales | -$39,243 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,432 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,206,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $773,939 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $208,203 |
| Compensation of current officers, directors, key employees. | $166,562 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,661,543 |
| Pension plan accruals and contributions | $124,245 |
| Other employee benefits | $1,270,395 |
| Payroll taxes | $448,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,057 |
| Fees for services: Accounting | $51,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $327,179 |
| Advertising and promotion | $91,128 |
| Office expenses | $310,281 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $736,333 |
| Travel | $49,058 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $209,919 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,418,999 |
| Insurance | $434,488 |
| All other expenses | $116,770 |
| Total functional expenses | $12,803,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $437,217 |
| Savings and temporary cash investments | $1,326,431 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $353,421 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $42,516 |
| Prepaid expenses and deferred charges | $74,758 |
| Net Land, buildings, and equipment | $17,743,828 |
| Investments—publicly traded securities | $8,118,493 |
| Investments—other securities | $0 |
| Investments—program-related | $20,000 |
| Intangible assets | $0 |
| Other assets | $1,021,337 |
| Total assets | $29,138,001 |
| Accounts payable and accrued expenses | $925,192 |
| Grants payable | $0 |
| Deferred revenue | $6,765,422 |
| Tax-exempt bond liabilities | $7,849,517 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $477,634 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,098,110 |
| Total liabilities | $26,115,875 |
| Net assets without donor restrictions | $2,994,752 |
| Net assets with donor restrictions | $27,374 |
| 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 | $29,138,001 |