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FRIENDS HOMES INC

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Public nonprofit record

FRIENDS HOMES INC

EIN 56-0754599 · Human Services (P750)

What they do

to ESTABLISH and OPERATE CONTINUING CARE RETIREMENT COMMUNITIES IN ACCORDANCE WITH THE PRINCIPLES of THE RELIGIOUS SOCIETY of FRIENDS. THESE PRINCIPLES REQUIRE THAT OUR COMMUNITIES PROVIDE, AT A FAIR COST, AN ENVIRONMENT WHICH FOSTERS INDEPENDENCE and A SENSE of WHOLENESS, HEALTH, and SECURITY SO THAT EACH RESIDENT MAY REALIZE HIS or HER FULL POTENTIAL. IN DOING SO WE FACILITATE THE BASIC QUAKER PRINCIPLE THAT "THERE is THAT of GOD IN EVERY PERSON," MEANING THAT EVERYONE HAS WORTH and VALUE. THROUGH CONTINUOUS IMPROVEMENT and EXPANSION, THE ORGANIZATION WILL PROVIDE AFFORDABLE SERVICES to THE AGED and SUPPORT to THE COMMUNITY AT LARGE. WE ACCEPT THE RESPONSIBILITY to PROMOTE CONSISTENT QUALITY CARE WHILE PROVIDING A HOME for OUR RESIDENTS.

Money

Financial picture

Tax year 2024
Revenue$50,087,335
Expenses$48,606,361
Assets$212,470,033
Income$68,063,648
Contributions$755,542
Grants given$3,082,939
Average grant$220,210
Management$8,991,406
Executive compensation$51,995,046
Stocks and bonds$76,967,889
Accounting fees$71,000
Investing fees$139,114

About this charity

Recognized since
January 1970
Location
925 NEW GARDEN ROAD, GREENSBORO, NC 27410
County
Guilford
In care of
TIMOTHY WEBSTER
Primary officer
TIMOTHY WEBSTER, REGISTERED AGENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
October 1, 2024
Return type
990
Tax preparer
TURLINGTON AND COMPANY LLP
NTEE classification
Human Services (P750)
IRS tax category
Continuing Care Retirement Communities
Grant-giving organization
Yes
More public IRS record details

These are classification codes from the organization’s public nonprofit record.

Subsection
03
Affiliation
3
Classification
1700
Deductibility
1
Foundation
16
Activity
575382029
Organization
1
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About this report: Information comes from public nonprofit records and may show the latest filing available.

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