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Friends House Retirement Community

Sandy Spring, MD · EIN 23-7016086 · 501(c)(3) · Supporting organization (509(a)(3))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Friends House Retirement Community reported $18.7 million in revenue and $18.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $85.03 went to program services, $13.32 to management and general costs and $1.65 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 88.3% of the total. The highest compensation it reported for one person was $280,662 (CEO). 12 people received more than $100,000 in reportable compensation. Revenue rose 61% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $19M

For context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $19M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,634 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
85.0%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
13.3%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
1.7%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.57$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
2.9%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
1.7%0.1%
Program service revenue share
Part VIII 2g ÷ 12
88.3%93.7%
Highest reported compensation
Part VII-A, columns D–F
$280,662$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.49%1.34%
People paid over $100,000
Part VII, line 2
1227
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
7.26.6
Independent voting board members
Part VI 1a–1b
14 of 1488.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$16M expenses · 100.0% of program spending · revenue $17M

The company provides long-term healthcare services and currently is licensed and equipped for 82 comprehensive care beds and 24 assisted-living beds. Under a standard service agreement, the company provides each resident with board, lodging, maintenance, and certain nursing and medical care. The organization also has 75 apartments and 36 cottages and offers older adults an affordable and fulfilling retirement experience in a secure and caring setting. Operating with a value consisting with the religious society of friends, we welcome senior adults regardless of race, color, disability, gender…

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO
Officer, 40.00 hrs/week
$242,333$0$38,329$280,662
COO
Officer, 40.00 hrs/week
$162,943$0$20,211$183,154
CFO
Officer, 40.00 hrs/week
$147,843$0$24,560$172,403
DIRECTOR OF NURSING
Highest compensated employee, 40.00 hrs/week
$141,569$0$21,385$162,954
CHARGE REGISTERED NURSE
Highest compensated employee, 40.00 hrs/week
$113,382$0$23,249$136,631
EVENING SHIFT SUPERVISOR
Highest compensated employee, 40.00 hrs/week
$112,624$0$13,207$125,831
DIRECTOR OF HUMAN RESOURCES
Highest compensated employee, 40.00 hrs/week
$101,471$0$19,408$120,879
CHARGE NURSE LPN
Highest compensated employee, 40.00 hrs/week
$104,639$0$883$105,522

12 people received more than $100,000 in reportable compensation from Friends House Retirement Community (Part VII, line 2). Compensation of current officers, directors and key employees totaled $653K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20MFY2020FY2021FY2022FY2023FY2024FY2025$19M$19M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$19M$19M85.0%$11M$280,662
FY2024 ⓘ$16M$18M85.3%$12M$278,377
FY2023 ⓘ$14M$16M85.2%$12M$261,301
FY2022 ⓘ$15M$15M85.3%$14M$252,620
FY2021 ⓘ$13M$14M77.1%$14M$144,131
FY2020 ⓘ$12M$13M81.5%$15M$217,428

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b14 · 14 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5207
  • Volunteers Part I, line 626

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
A M & E SERVICES
Building maintenance
$220,256

Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.

Private foundation grants it received

1 private foundation reported grants to Friends House Retirement Community totaling $30,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Friends House Retirement Community's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Friends House Retirement Community, you can publish a response that is linked from this page.

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Questions people ask

How much of Friends House Retirement Community's spending goes to programs?

In the fiscal year ending June 30, 2025, Friends House Retirement Community reported that 85.0% of its $18.8 million in expenses went to program services, 13.3% to management and general and 1.7% to fundraising (Form 990, Part IX).

How much does Friends House Retirement Community pay its top executive?

The largest total compensation Friends House Retirement Community reported for one person in the fiscal year ending June 30, 2025 was $280,662, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Friends House Retirement Community get its money?

Of $18.7 million in revenue in the fiscal year ending June 30, 2025, 2.9% came from contributions and grants (including 1.7% from government grants) and 88.3% from program service revenue (Form 990, Part VIII).

Is Friends House Retirement Community a registered charity?

The IRS lists EIN 23-7016086 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202630849349300128 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511279349300341 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421239349301527 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341289349300339 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231369349301443 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111349349302306 · read the filing

All filings for EIN 23-7016086: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.