Friendship Home Association

“The organization has a management contract with rural health development (rhd) for a one-year period with automatic renewal to manage the facility. Rhd will provide an administrator at the facility on a full-time basis plus various resources in the area of long-term health care operations. The management fee is based on a flat monthly fee subject to a 3% living increase each anniversary date. The management company is also compensated for expenses not to exceed 500 per month. The management fee plus expenses is included in admnistrative and nursing expense areas.”

“Classes of members or stockholders membership in the corporation is open to all upon payment of a 25.00 life-membership fee. Members are exempt from any and all liability for debts and obligatios of the corporation. The facilities of the institute established by the corporation are available to all persons, whether members or non-members. No person by reason of his membership in the corporation, or otherwise, may be entitled to any dividends or earnings of the corporation, nor be entitled to any special consideration of service.”

“Membership in the corporation entitles the holder to vote upon election of the members of the board of directors as well as at other special meetings. Annual meetings are ehld for all members of the corporation. The management of the corporation shall be solely in the hands of the board of directors, all of whom must be members of the corporation.”

“In addition to voting annually for the board members, members also vote during special meetings such as those necessary to make changes to the by- laws or articles of incorporation.”

“Each member of the board of directors is provided a copy of the draft 990 and is asked to review and comment to the finance/investment committee. The form is also reviewed and discussed at a board meeting.”

“Members are required to sign and disclose conflicts annually. The board will take appropriate action if conflicts are not disclosed.”

“Compensation is reviewed by the board”

“Compensation is reviewed by the board”

“Governing documents are available upon request by the general public and made available as required by disclosure guidance provided by irs.”

“Utilities 126,825 0 0 repairs and maintenance 110,426 0 0 contract nursing 91,996 0 0 supplies 41,905 0 0 housekeeping supplies 22,370 0 0 dietary consultant 19,531 0 0 fuel 13,703 0 0 other expenses 12,145 0 0 licenses, dues, and subs 10,731 0 0 laundry supplies 9,247 0 0 computer expense 8,095 0 0 small equipment 7,522 0 0 pharmacy consultant 7,336 0 0 bad debt expense 5,807 0 0 linen supplies 5,339 0 0 education and training 3,450 0 0 medical director 2,400 0 0 vehicle expense 2,043 0 0 property taxes 92 0 0 total 500,963 0 0”

“Retained earnings adjustment -22,445”