Friendship Health Center Inc
- Assets
- $7.7m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 285
- Location
- Portland, OR
- Founding
- 05/1962
- Data as of
- 02/2022
- EIN
- 93-0613108
Organization Overview
Friendship Health Center Inc is located in Portland, OR. The organization was established in 1962. 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 02/2022, Friendship Health Center Inc employed 285 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friendship Health Center 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 02/2022, Friendship Health Center Inc generated $11.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $12.4m during the year ending 02/2022. While expenses have increased by 2.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH CARE SERVICES - SKILLED NURSING FACILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH CARE SERVICES - CARE FOR THE ELDERLY. HAD AN AVERAGE FTE CENSUS OF 70 BEDS OF AN 100-BED FACILITY. THERE WAS 24,986 PATIENT DAYS OVER THE COURSE OF THE YEAR. THIS ALSO INCLUDES A BARIATRIC SPECIALTY UNIT. THERE WERE APPROXIMATELY 1,475 BARIATRIC DAYS WITHIN THE TOTAL PATIENT DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dane Jensen Executive Dir. | Officer | 25 | $230,826 |
Erica Knepper Dir Of Bus. Dev | 40 | $148,550 | |
Kim Williams-Taute Administrator | 40 | $116,646 | |
Ruth Deitz CFO | 40 | $101,147 | |
Ronald Kunze Board Chairman | OfficerTrustee | 1 | $0 |
Ev Smith Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $277,617 |
| 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 | $277,617 |
| Total Program Service Revenue | $10,624,632 |
| Investment income | $6,312 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,107,649 |
| 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. | $267,066 |
| Compensation of current officers, directors, key employees. | $267,066 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,786,397 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $618,276 |
| Payroll taxes | $455,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,771 |
| Fees for services: Accounting | $69,335 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,764,359 |
| Advertising and promotion | $2,846 |
| Office expenses | $17,597 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $328,243 |
| Travel | $371 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $274,992 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $355,991 |
| Insurance | $98,391 |
| All other expenses | $505,622 |
| Total functional expenses | $12,369,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408,469 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,505,269 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,390 |
| Prepaid expenses and deferred charges | $62,330 |
| Net Land, buildings, and equipment | $3,698,961 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,957,369 |
| Total assets | $7,669,788 |
| Accounts payable and accrued expenses | $1,104,137 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,259,300 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $494,760 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $668,507 |
| Total liabilities | $5,526,704 |
| Net assets without donor restrictions | $2,143,084 |
| Net assets with donor restrictions | $0 |
| 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 | $7,669,788 |
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