Friendship Apartment Village Corporation

Organization Overview

Friendship Apartment Village Corporation is located in Roanoke, VA. The organization was established in 1979. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Friendship Apartment Village Corporation employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Apartment Village Corporation 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 06/2022, Friendship Apartment Village Corporation generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $4.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Friendship Apartment Village Corporation has awarded 52 individual grants totaling $647,919. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORTING FRIENDS BY PROVIDING PEACE OF MIND

Describe the Organization's Program Activity:

LIFE LEASE AND RENTAL APARTMENTS FOR THE ELDERLY, THE CORPORATION OWNS AND OPERATES 311 UNITS, WITH A 88.01% OCCUPANCY RATE FOR THE FISCAL YEAR. ONE OF THE ADVANTAGES OF LIVING IN OUR RETIREMENT COMMUNITY IS THE OPPORTUNITY TO MOVE TO ONE OF OUR OTHER FACILITIES IF THE RESIDENT NEEDS A HIGHER LEVEL OF CARE SUCH AS ASSISTED LIVING OR A SKILLED NURSING FACILITY WITHOUT LEAVING THE COMMUNITY WHERE THEY HAVE DEVELOPED FRIENDSHIPS AND TIES. IN ADDITION, WE PROVIDE COUNSELING AND ASSISTANCE FOR THOSE WHO SUFFER FINANCIAL HARDSHIPS, AND WORK WITH THEM TO IDENTIFY SOLUTIONS IN AN ATTEMPT TO ALLOW THEM TO REMAIN IN THIER APARTMENTS.THE CORPORATION FURNISHES AN APARTMENT TO FRIENDSHIP HEALTH AND REHAB CENTER, INC, AND AN APARTMENT TO FRIENDSHIP HEALTH AND REHAB SOUTH, INC, RELATED NPOS, FOR NURSES WHO WORK SPECIAL SHIFTS, SUCH AS 8 HOURS AT WORK AND 8 HOURS OFF. THIS GIVES THE NURSES AN OPPORTUNITY TO GET ADEQUATE REST. IT ALSO HELPS MAINTAIN STAFF ON CAMPUS DURING EMERGENCY SITUATIONS. THE CORPORATION ALSO MAKES AVAILABLE 2 EFFICIENCY APARTMENTS FOR VISITORS TO OUR RESIDENTS AT NOMINAL RATES. EVENTS ARE PLANNED EACH MONTH FOR TRIPS IN THE AREA AND OCCASIONALLY OR OF THE AREA. THERE IS ALSO A CONTRACT REGISTERED NURSE FROM PROFESSIONAL HEALTH CARE SERVICES, INC., A RELATED CORPORATION, WHO VISITS RESIDENTS AND ADMINISTERS BLOOD PRESSURE CHECKS, B-12 SHOTS AND OTHER SIMILAR NEEDS.THE CORPORATION DISTRIBUTES A MONTHLY NEWSLETTER CALLED "THE FRIENDLY CIRCLE" TO THE RESIDENTS. IT IS FREE, HAS NO PAID ADVERTISING IN IT, AND CONTAINS ARTICLES AND A CALENDAR OF COMING EVENTS USEFUL TO THE RESIDENTS. THERE ARE ARTICLES BY THE DIRECTOR OF RESIDENTIAL SERVICES, PHARMACISTS, DOCTORS AND OTHER SUBJECTS THAT WOULD BE OF INTEREST TO THE RESIDENTS. THE LETTER ALSO CONTAINS A CALENDAR WITH THE MENU SPECIALS AND THE FRIENDSHIP PHARMACY CAFE.


RECREATION/CULTURAL CENTER. THE CENTER HAS A BILLIARDS ROOM, MEETING ROOMS, BANQUET FACILITIES, POOL, EXERCISE ROOMS, GAME ROOM, CRAFT ROOM AND CHAPEL.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Blankenship Roofing Co Inc
Construction
$261,167
C 2 Architecture Llc
Construction
$113,002
View All Vendors

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$4,691,640
Investment income $280,952
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $65,910
Net Gain/Loss on Asset Sales $346,447
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,384,949

Grants Awarded

Over the last fiscal year, Friendship Apartment Village Corporation has awarded $57,500 in support to 7 organizations.

Grant RecipientAmount

FRIENDSHIP HEALTH AND REHAB CENTER INC

Org PageRecipient Profile

Roanoke, VA

PURPOSE: CONTRIBUTION FOR EMERGENCY ASSISTANCE FUND AND FUNDRAISING POOL

$15,000

VIRGINIA TECH CARILION SCHOOL OF MEDICINE INC

Org PageRecipient Profile

Roanoke, VA

PURPOSE: CONTRIBUTION FOR RESEARCH COORDINATOR SUPPORT

$10,000

THE RESCUE MISSION OF ROANOKE

Org PageRecipient Profile

Roanoke, VA

PURPOSE: CONTRIBUTION FOR ENDOWMENT FUND

$10,000

AMERICAN HEART ASSOCIATION INC

Org PageRecipient Profile

Dallas, TX

PURPOSE: CONTRIBUTION FOR GENERAL SUPPORT

$7,500

ALZHEIMERS ASSOCIATION

Org PageRecipient Profile

Chicago, IL

PURPOSE: CONTRIBUTION FOR GENERAL SUPPORT, ALZHEIMERS WALK SPONSORSHIP

$5,000

YMCA OF VIRGINIA'S BLUE RIDGE

Org PageRecipient Profile

Roanoke, VA

PURPOSE: CONTRIBUTION FOR GENERAL SUPPORT

$5,000
View Grant Profile

Create an account to unlock the data you need.

or