EIN 51-0245745

Friendship Village Retirement Community

IRS 501(c) type
501(c)(3)
Num. employees
540
State
Year formed
1966
Most recent tax filings
2023-03-01
Description
Friendship Village is the only retirement community to offer Lifecare. A philosophy of “lifecare” provides for both immediate living choices, as well as potential future changes in lifestyle.
Also known as...
Friends of Faith Ret Homes
Total revenues
$30,283,903
2023
Total expenses
$29,928,108
2023
Total assets
$106,965,009
2023
Num. employees
540
2023

Program areas at Friendship Village Retirement Community

To promote the dignity of adults 62 and over by providing a continuum of care including independent living, assisted living and skilled nursing care living accommodations and services whereby these adults may be assisted in maximizing their physical and spiritual well-being while maintaining their financial independence in a congenial environment with a christian ministry.
To provide safe and secure child care at a reasonable cost 24 hours a day, 7 days a week.
To provide additional, private duty (non-medicare, non-medicaid) homecare services to residents of friendship village, landmark commons l.l.c., rosewood estate, and the outside community.

Grants made by Friendship Village Retirement Community

GranteeGrant descriptionAmount
The Friendship Village Charitable TrustCharitable Support$3,397,032

Who funds Friendship Village Retirement Community

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Friendship Village Charitable TrustCharitable Support$9,893,906
Friendship Village FoundationCharitable Support$77,459
Schwab Charitable FundHuman Services$10,000

Personnel at Friendship Village Retirement Community

NameTitleCompensation
Lisa GatesPresident and Chief Executive Officer$281,125
Chris RyghVice Chairman$0
Brad MorrisChairman$0
Craig AndersonTreasurer$0
Jim GradyPast Chairman$0
...and 2 more key personnel

Financials for Friendship Village Retirement Community

RevenuesFYE 03/2023
Total grants, contributions, etc.$10,358,206
Program services$16,082,869
Investment income and dividends$9,881
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-26,450
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$3,859,397
Total revenues$30,283,903

Form 990s for Friendship Village Retirement Community

Fiscal year endingDate received by IRSFormPDF link
2023-032023-11-20990View PDF
2021-032021-11-01990View PDF
2020-032021-02-26990View PDF
2019-032019-11-01990View PDF
2018-032019-06-19990View PDF
...and 8 more Form 990s

Organizations like Friendship Village Retirement Community

OrganizationLocationRevenue
Cloverwood Senior LivingPittsford, NY$14,128,008
Fox Run Orchard ParkOrchard Park, NY$22,551,973
Springpoint Senior Living Inc- ParentWall, NJ$20,450,856
Robin Run VillageBrookhaven, GA$19,251,628
Life Beaver and Lawrence CountiesCranberry Township, PA$46,465,306
Villa St BenedictLisle, IL$15,513,858
Blue Skies of Texas / Air Force Villages Inc (BST)San Antonio, TX$10,657,671
Maryland Masonic HomesCockeysville, MD$24,089,914
Hebrew SeniorlifeBoston, MA$30,511,901
La Vida LlenaAlbuquerque, NM$31,265,301
Data update history
December 30, 2023
Posted financials
Added Form 990 for fiscal year 2023
December 29, 2023
Updated personnel
Identified 5 new personnel
November 26, 2023
Received grants
Identified 1 new grant, including a grant for $9,893,906 from The Friendship Village Charitable Trust
July 10, 2023
Used new vendors
Identified 2 new vendors, including , and
June 27, 2023
Received grants
Identified 2 new grant, including a grant for $10,159,517 from The Friendship Village Charitable Trust
Nonprofit Types
Nursing homesHuman service organizationsRetirement homesHeadquarter / parent organizationsCharities
Issues
Human servicesHousing
Characteristics
Tax deductible donations
General information
Address
600 Park LN
Waterloo, IA 50702
Metro area
Waterloo-Cedar Falls, IA
County
Black Hawk County, IA
Website URL
friendshipvillageiowa.com/ 
Phone
(319) 291-8100
Facebook page
Friendship-Village-Retirement-Community 
IRS details
EIN
51-0245745
Fiscal year end
March
Taxreturn type
Form 990
Year formed
1966
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P75: Senior Continuing Care Communities
NAICS code, primary
62331: Assisted Living and Continuing Care Retirement Communities
Parent/child status
Central organization
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