Overview
What is Friends Homes Inc?
Friends Homes Inc is a vibrant nonprofit organization based in Greensboro, North Carolina. With a mission grounded in Quaker values, they operate a continuing care retirement community, which includes 14 cottages, 28 townhomes, 355 apartments, 100 assisted care beds, and 109 nursing beds. Their primary goal is to provide a nurturing environment where seniors can maintain their independence, fostering a sense of wholeness, health, and security. Friends Homes offers affordable services, recognizing the inherent worth and value of each resident. Through continuous improvement and expansion, they provide quality care, offering a sense of home and community to the aged. The organization's services cater to a diverse range of needs, from independent living to assisted care and nursing care.
Official website here: www.friendshomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Friends Homes Inc has received an 81% rating from Charity Navigator, indicating a solid level of accountability and finance management. The rating is based solely on a single beacon score, which reflects the organization’s strong practices in financial transparency and governance. Notably, the charity has an independent board comprised entirely of 19 members, which enhances its credibility and oversight.
The organization excels in maintaining strict financial controls, as evidenced by its high program expense ratio of 89.17%, ensuring that a significant portion of its funding goes directly to its programs. Additionally, Friends Homes Inc has demonstrated robust policies in place, including conflict of interest and whistleblower protections, which further solidify its commitment to ethical operations and accountability.
However, the charity's liabilities to assets ratio of 77.53% is a notable limitation, indicating potential financial risks that could impact its long-term sustainability. While the organization shows strong oversight and commitment to effective governance, it may need to address its financial liabilities to improve its overall stability.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Homes Inc legitimate?
Friends Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Homes Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
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Other Salaries and Wages: $13,687,803
For more financial information, click here
Official website here: www.friendshomes.org
What is the mission statement of Friends Homes Inc?
Friends Homes Inc is dedicated to establishing and operating continuing care retirement communities, adhering to the principles of the Religious Society of Friends. Their mission prioritizes fostering independence, wholeness, health, and security for residents at a fair cost. The organization values the worth and dignity of every individual, reflected in their goal to help each resident realize their full potential. Through continuous improvement and expansion, Friends Homes aims to provide affordable services to the elderly and support to the community at large, while promoting consistent quality care and offering a nurturing home environment.
Official website here: www.friendshomes.org
Who is the CEO of Friends Homes Inc?
Don Farlow is the Treasurer of Friends Homes Inc.
Official website here: www.friendshomes.org
What is the revenue of Friends Homes Inc?
Friends Homes Inc's revenue in 2022 was $42,576,118.
Official website here: www.friendshomes.org
Who are the executives of Friends Homes Inc and what are their salaries?
The average compensation at Friends Homes Inc during 2022 was $20,552. There are 666 employees and 75 volunteers at Friends Homes Inc.
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Official website here: www.friendshomes.org
Where can I find the form 990 for Friends Homes Inc?
Friends Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.friendshomes.org
Learn more at the official website: www.friendshomes.org
Mission Statement of Friends Homes Inc
Friends Homes Inc, a Quaker-guided organization, is dedicated to the establishment and operation of continuing care retirement communities. This mission is rooted in the principles of the Religious Society of Friends, emphasizing the provision of an affordable, independent living environment that fosters wholeness, health, and security for its residents. With a commitment to facilitating the inherent worth and value of every person, Friends Homes encourages a sense of purpose and fulfillment among its residents.
Through continuous improvement and expansion, the organization offers a range of housing options including cottages, townhomes, apartments, assisted care beds, and nursing beds. Friends Homes strives to maintain consistent quality care while providing a nurturing and supportive atmosphere that enables each resident to realize their full potential. The Quaker ethos of "there is that of God in every person" is at the heart of Friends Homes, which fosters a community where everyone is valued and cherished.
By offering a Life Plan Community that encourages a sense of wellness and purpose at a fair cost, Friends Homes helps its residents live fulfilling lives. This commitment to affordability and quality care allows residents to focus on their personal growth and overall well-being, enabling them to thrive within the community. The organization's dedication to its principles and the continuous improvement and expansion of its services ensures that Friends Homes remains a valuable resource for the aging population.
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Impact
October, 2024
Friends Homes Inc. significantly impacts the Greensboro, NC community by providing a comprehensive range of housing and care options for older adults. It operates a continuing care retirement community that aligns with Quaker principles, emphasizing the inherent worth and value of every individual. By fostering an environment that promotes independence, well-being, and a sense of security, Friends Homes Inc. enables residents to realize their full potential and live fulfilling lives.
The organization offers varied accommodations, including cottages, townhomes, and apartments, along with assisted living and nursing care options. This diverse range allows for tailored care that meets the evolving needs of its residents, ensuring that they have access to necessary support while maintaining their autonomy.
Friends Homes Inc. is committed to quality care and continuous improvement, which reflects in its mission to provide affordable services to the aging population. The organization also extends its impact beyond its residents by supporting the broader community, contributing to a culture of respect and dignity for all individuals. In promoting the Quaker value that acknowledges "that of God in every person," Friends Homes Inc. builds a compassionate community that resonates with inclusivity and holistic wellness.
This information is meant to be a general summary of Friends Homes Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,401,930
- Program Service Revenue: $33,522,282
- Gross Receipts: $60,191,007
Assets and Liabilities:
- Total Assets: $191,608,853
- Total Liabilities: $148,001,211
- Net Assets: $43,607,642
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Resident services
Revenue
$33,522,282
Organization Details
Founding Year
1958
Phone
(336) 292-8187Principal Officer
Don Farlow
Main Address
925 New Garden Road, Greensboro, NC, 27410
Website
www.friendshomes.orgNTEE Category
Code: P750 - Human services
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