Nonprofit · EIN 54-1427948
FRIENDSHIP FOUNDATION
Tax-exempt · ROANOKE, VA 24012
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $45,021,329 | $39,657,070 | $5,364,259 | $111,141,991 | $98,166,781 | $12,975,210 |
| June 30, 2024 | 990 | $27,768,294 | $29,541,277 | -$1,772,983 | $103,431,835 | $95,836,751 | $7,595,084 |
| June 30, 2023 | 990 | $11,960,925 | $5,571,536 | $6,389,389 | $30,735,129 | $21,398,203 | $9,336,926 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,623,534
- Program service revenue
- $34,728,159
- Investment income
- $603,069
- Net gain from sales of assets
- $9,219
- Net income from fundraising events
- $32,771
- Other revenue
- $4,066,567
Expenses
- Grants and similar amounts paid
- $271,643
- Compensation of officers, directors and key employees
- $112,146
- Other salaries and wages
- $13,815,819
- Salaries, compensation and benefits (total)
- $16,150,497
- Professional fundraising fees
- $0
- Legal fees
- $120,145
- Accounting fees
- $21,370
- Travel
- $14,522
- Depreciation
- $4,554,708
- Program services (functional)
- $30,003,247
- Management and general (functional)
- $9,653,823
Balance sheet and other
- Total assets, start of year
- $103,431,835
- Total assets, end of year
- $111,141,991
- Total liabilities, end of year
- $98,166,781
- Net assets, end of year
- $12,975,210
- Land, buildings and equipment
- $62,909,197
- Net assets without donor restrictions
- $12,608,924
- Net assets with donor restrictions
- $366,286
- Gross unrelated business income
- $86,110
- Gross receipts
- $45,042,131
- Employees
- 603
- Volunteers
- 19
- Year formed
- 1987
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOSEPH M HOFF | PRESIDENT & CEO Officer | 20 | $0 | $573,930 | $20,705 |
| C MICHAEL SHANNON | CFO Officer | 20 | $0 | $428,120 | $14,050 |
| BENJAMIN HIGGINS | VICE PRESIDENT OF OPERATIONS - RICHFIELD Key employee | 20 | $252,964 | $0 | $11,741 |
| YOLANDA DAVIS-MERCHANT | NURSE MANAGER LPN Highest-paid employee | 20 | $0 | $238,843 | $14,180 |
| ANGELA HUGHES | VP HUMAN RESOURCES & COMPL Highest-paid employee | 20 | $0 | $238,505 | $11,185 |
| BRANDON EVANS | VICE PRESIDENT OF OPERATIONS Key employee | 0 | $0 | $225,591 | $13,065 |
| MAZEN MADHOUN | PHYSICIAN Highest-paid employee | 0 | $0 | $201,520 | $2,551 |
| MARY RODGER | DIRECTOR OF ACCOUNTING Highest-paid employee | 20 | $0 | $178,749 | $16,386 |
| ROBERT MCGEE | EXECUTIVE DIRECTOR OF FACILITIES & MAINTENANCE Highest-paid employee | 20 | $0 | $166,606 | $5,506 |
| CINDY MITCHELL | BOARD SECRETARY Officer | 20 | $0 | $79,721 | $1,417 |
| ROBERT C LAWSON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $63,000 | $0 |
| KATHRYN K OELSCHLAGER | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $51,500 | $0 |
| ROBERT H SANDEL | DIRECTOR Trustee or director | 1 | $0 | $46,600 | $0 |
| GLEN C COMBS | DIRECTOR Trustee or director | 1 | $0 | $46,100 | $0 |
| DR LUCIAN Y GROVE JR | DIRECTOR Trustee or director | 1 | $0 | $46,100 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| DR CYNDA A JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $46,100 |
| GREGORY W FELDMANN | DIRECTOR Trustee or director | 1 | $0 | $40,000 |
| NATHANIEL BISHOP | DIRECTOR Trustee or director | 1 | $0 | $39,500 |
| EDWIN R FEINOUR | DIRECTOR Trustee or director | 1 | $0 | $38,500 |
| PAUL NESTER | DIRECTOR Trustee or director | 1 | $0 | $19,000 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOE HOFF | CEO Officer | 20 | $0 | $635,963 | $20,335 |
| MICHAEL SHANNON | CFO Officer | 20 | $0 | $461,941 | $13,846 |
| ANGELA HUGHES | VP OF HUMAN RESOURCES AND Key employee | 20 | $0 | $213,703 | $10,643 |
| MARY RODGER | DIRECTOR OF ACCOUNTING Highest-paid employee | 20 | $0 | $181,023 | $16,253 |
| TODD LOWE | DIRECTOR OF INFORMATION SY Highest-paid employee | 20 | $0 | $146,989 | $14,966 |
| STEPHANIE DUNCAN | DIRECTOR OF REVENUE CYCLE Highest-paid employee | 20 | $0 | $148,437 | $10,965 |
| ASHLEY JEWELL | DIRECTOR OF HUMAN RESOURCE Highest-paid employee | 20 | $0 | $126,301 | $8,617 |
| CINDY MITCHELL | BOARD SECRETARY Officer | 20 | $0 | $73,278 | $1,335 |
| ROBERT C LAWSON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $64,000 | $0 |
| KATHRYN K OELSCHLAGER | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $52,500 | $0 |
| GLEN C COMBS | DIRECTOR Trustee or director | 1 | $0 | $47,100 | $0 |
| LUCIAN Y GROVE JR | DIRECTOR Trustee or director | 1 | $0 | $47,100 | $0 |
| CYNDA A JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $47,100 | $0 |
| ROBERT H SANDEL | DIRECTOR Trustee or director | 1 | $0 | $47,100 | $0 |
| EDWIN R FEINOUR | DIRECTOR Trustee or director | 1 | $0 | $40,000 | $0 |
| NATHANIEL BISHOP | DIRECTOR Trustee or director | 1 | $0 | $40,000 | $0 |
| JOHN B WILLIAMSON III | DIRECTOR Trustee or director | 1 | $0 | $20,500 | $0 |
| GREGORY W FELDMANN | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOE HOFF | CEO Officer | 4 | $0 | $509,775 | $18,335 |
| MICHAEL SHANNON | CFO Officer | 2 | $0 | $389,942 | $14,076 |
| ANGELA HUGHES | VP OF HUMAN RESOURCES AND COMPLIANCE Key employee | 2 | $0 | $192,351 | $10,429 |
| MARY RODGER | DIRECTOR OF ACCOUNTING Highest-paid employee | 2 | $0 | $174,648 | $16,076 |
| TODD LOWE | DIRECTOR OF INFORMATION SYSTEMS Highest-paid employee | 2 | $0 | $128,765 | $15,105 |
| STEPHANIE DUNCAN | DIRECTOR OF REVENUE CYCLE Highest-paid employee | 2 | $0 | $131,760 | $10,750 |
| ASHLEY JEWELL | DIRECTOR OF HUMAN RESOURCES Highest-paid employee | 2 | $0 | $112,257 | $8,546 |
| CINDY MITCHELL | BOARD SECRETARY Officer | 1 | $0 | $71,431 | $1,286 |
| ROBERT C LAWSON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $56,250 | $0 |
| GLEN C COMBS | DIRECTOR Trustee or director, Officer | 1 | $0 | $53,550 | $0 |
| ROBERT H SANDEL | DIRECTOR Trustee or director | 1 | $0 | $51,938 | $0 |
| KATHRYN K OELSCHLAGER | VICE-CHAIR Trustee or director | 1 | $0 | $47,800 | $0 |
| EDWIN R FEINOUR | DIRECTOR Trustee or director | 1 | $0 | $45,600 | $0 |
| LUCIAN Y GROVE JR | DIRECTOR Trustee or director | 1 | $0 | $45,100 | $0 |
| CYNDA A JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $45,100 | $0 |
| NATHANIEL BISHOP | DIRECTOR Trustee or director | 1 | $0 | $43,320 | $0 |
| JOHN B WILLIAMSON III | DIRECTOR Trustee or director | 1 | $0 | $20,775 | $0 |
Address and contacts
- Address (IRS master file)
- 375 HERSHBERGER RD, ROANOKE, VA 24012-1983
- Principal officer (990 for 2024)
- C MICHAEL SHANNON, 367 HERSHBERGER RD NW, ROANOKE, VA 24012
- Signed the 990
- C MICHAEL SHANNON, CFO
- Phone
- (540) 265-2177
- Website
- WWW.FRIENDSHIP.US
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
SUPPORTING FRIENDS BY PROVIDING PEACE OF MIND
Program accomplishments
- THE CORPORATION COLLECTS GRANTS & CONTRIBUTIONS TO COVER ITS COSTS AND CONTRIBUTIONS TO DISTRIBUTE TO OTHER NONPROFIT ORGANIZATIONS.Expenses $174,830 · grants $271,643 · revenue $419,621
- FRIENDSHIP SALEM TERRACE OPERATED A 79 BED ASSISTED LIVING FACILITY, WITH AN OCCUPANCY RATE OF 86.54% FOR THE FISCAL YEAR. THE FACILITY HAD CENSUS DAYS OF 68.36 WITH AN ADDITIONAL 9.68 SECOND OCCUPANTS. THE ORGANIZATION MAINTAINS TWENTY FOUR HOUR NURSING STAFF. SERVICES THAT THE STAFF PROVIDE ARE OFFERED IN FOUR DIFFERENT LEVELS. THESE SERVICES INCLUDE ASSISTANCE WITH TAKING MEDICINE, BATHING AND/OR GROOMING, AND 24 HOUR NURSING SUPERVISION. IN ADDITION TO NURSING SERVICES, THE ORGANIZATION ALSO MAINTAINS A DIETARY STAFF IN ORDER TO PROVIDE THREE NUTRITIOUS MEALS.Expenses $4,711,558 · revenue $4,174,604
- FRIENDSHIP RL, LLC ("FRL") WAS FORMED IN OCTOBER 2023 AS PART OF THE ACQUISITION OF RICHFIELD LIVING, LLC. FRL IS OWNED BY FRIENDSHIP FOUNDATION AND HAS MULTIPLE ACCOUNTING ENTITIES UNDER THEIR EMPLOYER IDENTIFICATION NUMBER ("EIN"). ENTITIES UNDER THE FRL EIN NUMBER INCLUDES RICHFIELD HEALTH CENTER ("RHC"), RICHFIELD LIVING INDEPENDENT LIVING ("RL IL"), THE JOSEPH C. THOMAS CENTER ("JCT"), THE OAKS ("OAKS"), THE PROFESSIONAL BUILDING ("PROF"), THE DAUGHERTY ROAD BUILDING ("DR"), AND TOWN CENTER ("TC"). RHC CONSISTS OF A 112-BED SKILLED NURSING FACILITY. RL IL FURNISHES INDEPENDENT LIVING ACCOMMODATIONS ACROSS FOUR BUILDINGS ON THEIR CAMPUS. JCT AND OAKS PRIMARILY PROVIDE ASSISTED LIVING ACCOMMODATIONS. PROF IS A COMMERCIAL REAL ESTATE BUILDING THAT HOUSES TWO PROFESSIONAL TENANTS AND COLLECTS RENTAL INCOME MONTHLY. TC IS COMPOSED OF A COMMUNITY CENTER WITH RESTAURANTS, A CHAPEL, AND HOSTS VARIOUS ACTIVITIES FOR THE RELATED FRL ENTITIES. LASTLY, DR IS MAINLY A STORAGE FACILITY THAT HOUSES THE BUILDING INVENTORY ACQUIRED DURING THE RICHFIELD LIVING ACQUISITION.THE FACILITIES HAD AN OCCUPANCY RATE OF THE FOLLOWING: RHC - 95%, JCT: 78.62%, OAKS: 76.61%, AND RLIL - 96.69%FRIENDSHIP RIDGECREST, LLC ("RIDGECREST") WAS FORMED IN LATE JUNE 2024 AS PART OF THE ACQUISITION OF A SECTION 8 SUBSIDIZED 106-UNIT APARTMENT BUILDING. THIS ACQUISITION WAS COMPLETED IN DECEMBER 2024. RIDGECREST IS OWNED BY THE FOUNDATION AND HAS ITS OWN EIN. RIDGECREST IS NOW THE ENTITY THAT IS RESPONSIBLE FOR OPERATING AND ACCOUNTING FOR THE SECTION 8 SUBSIDIZED HOUSING PROPERTY. RIDGECREST HAD AN OCCUPANCY RATE OF 98.07%Expenses $25,116,859 · revenue $30,869,440
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1427948
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1989
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22Z)
- Assets (IRS master file)
- $111,141,991
- Income (IRS master file)
- $45,042,131
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $45,021,329 | $39,657,070 | $111,141,991 | IRS |
| 990 | June 2024 | $27,768,294 | $29,541,277 | $103,431,835 | XML |
| 990 | June 2023 | $11,960,925 | $5,571,536 | $30,735,129 | XML |
| 990 | June 2022 | $1,148,082 | $131,150 | $6,682,176 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1427948).
Questions about FRIENDSHIP FOUNDATION
- What is the EIN of FRIENDSHIP FOUNDATION?
- The employer identification number (EIN) of FRIENDSHIP FOUNDATION is 54-1427948.
- Is FRIENDSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to FRIENDSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does FRIENDSHIP FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRIENDSHIP FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDSHIP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FRIENDSHIP FOUNDATION?
- The 990 for the year ended June 30, 2025 names C MICHAEL SHANNON.
- Who are the officers and directors of FRIENDSHIP FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 20 people; 1 received compensation from the organization.
- How much revenue does FRIENDSHIP FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $45,021,329, expenses of $39,657,070 and total assets of $111,141,991 at year end.
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All nonprofits in ROANOKE · Virginia · Philanthropy, voluntarism and grantmaking foundations