Friendsview Manor
- Assets
- $213.5m
- Revenue
- $21.5m
- Investments
- $0.0
- Employees
- 350
- Location
- Newberg, OR
- Founding
- 05/1960
- Data as of
- 07/2023
- EIN
- 93-0478660
Organization Overview
Friendsview Manor is located in Newberg, OR. The organization was established in 1960. 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 07/2023, Friendsview Manor employed 350 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendsview Manor 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 07/2023, Friendsview Manor generated $21.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $22.2m during the year ending 07/2023. While expenses have increased by 8.8% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACTIVE RESIDENTIAL LIVING AND QUALITY CONTINUING CARE TO SENIORS IN A CHRIST-CENTERED COMMUNITY.
Describe the Organization's Program Activity:
FRIENDSVIEW MANOR, UNDER CONTINUING CARE AGREEMENTS, PROVIDES ITS RESIDENTS WITH LIVING ACCOMMODATIONS, FOOD SERVICE, NURSING SERVICES AND HOUSEKEEPING SERVICES. FRIENDSVIEW'S CLINICAL SERVICES ARE LICENSED AS A RESIDENTIAL CARE FACILITY. RESIDENTS PAY AN ENTRY FEE AND MONTHLY FEES. MONTHLY FEES ARE SUBJECT TO CHANGE ON FORTY-FIVE DAYS NOTICE. FRIENDSVIEW DOES NOT PARTICIPATE IN MEDICARE OR MEDICAID AND PROVIDES ASSISTANCE TO RESIDENTS THAT HAVE OUTLIVED THEIR FINANCIAL RESOURCES OR NEED HELP PAYING FOR THEIR CARE THROUGH THE RESIDENT ASSISTANCE FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Engle Executive Dir. | Officer | 40 | $207,255 |
Joann Aguirre Resident Care Mgr. | 40 | $140,794 | |
Kathy Watson Health Svcs. Dir. | 40 | $113,821 | |
Roger Watson CFO | Officer | 40 | $107,464 |
Kathryn Saunders Director | Trustee | 1 | $0 |
Truman Stone Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pence Construction Construction | 7/30/23 | $45,944,587 |
Lrs Architects Inc Architecture | 7/30/23 | $1,408,783 |
Anstey Hodge Advertising Group Advertising | 7/30/23 | $423,731 |
Bon Appetit Management Co Inc Catering Services | 7/30/23 | $872,941 |
Gcd Oregon Llc Consulting Services | 7/30/23 | $903,469 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,575,504 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,857 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,686,361 |
| Total Program Service Revenue | $17,625,458 |
| Investment income | $318,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$153,644 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,496,668 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $167 |
| Grants and other assistance to domestic individuals. | $192,230 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $349,945 |
| Compensation of current officers, directors, key employees. | $349,945 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,765,812 |
| Pension plan accruals and contributions | $87,630 |
| Other employee benefits | $490,923 |
| Payroll taxes | $640,618 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $108,076 |
| Fees for services: Accounting | $69,794 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,626,061 |
| Advertising and promotion | $592,573 |
| Office expenses | $35,050 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,299,202 |
| Travel | $14,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,999 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,556,116 |
| Insurance | $23,033 |
| All other expenses | $517,702 |
| Total functional expenses | $22,215,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,817 |
| Savings and temporary cash investments | $13,722,808 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,590 |
| 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 | $304,652 |
| Net Land, buildings, and equipment | $169,021,774 |
| Investments—publicly traded securities | $29,827,614 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $523,911 |
| Total assets | $213,469,166 |
| Accounts payable and accrued expenses | $10,182,305 |
| Grants payable | $0 |
| Deferred revenue | $24,251,801 |
| Tax-exempt bond liabilities | $166,857,697 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,890,750 |
| Total liabilities | $218,182,553 |
| Net assets without donor restrictions | -$5,088,450 |
| Net assets with donor restrictions | $375,063 |
| 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 | $213,469,166 |