FRIENDS RETIREMENT CONCEPTS INC
C/O F ROSENWASSER 10 CHEROKEE ROAD, EAST BRUNSWICK, NJ 08816 www.arborglen.org

Total Revenue
$77,429,648
Total Expenses
$13,708,095
Net Assets
$0

Organizations Filed Purposes: THE MISSION OF ARBOR GLEN, SPONSORED BY FRIENDS RETIREMENT CONCEPTS, INC., WAS TO ENHANCE THE DIGNITY AND WORTH OF OUR INDIVIDUAL MEMBERS BY PROVIDING QUALITY LIFE CHOICES FOR SENIORS IN A CONTINUUM OF CARE SERVICES ON A FISCALLY SECURE BASIS AND PROVIDING SOCIALLY ACCOUNTABLE SERVICES TO OUR LARGER COMMUNITY.

TO OPERATE A CONTINUING CARE RETIREMENT COMMUNITY.

THE CORPORATION IS INCORPORATED UNDER THE NONPROFIT CORPORATION LAW OF 1972 OF THE COMMONWEALTH OF PENNSYLVANIA, AS AMENDED, FOR THE PURPOSES OF CONDUCTING EXCLUSIVELY CHARITABLE, SCIENTIFIC, OR EDUCATIONAL ACTIVITIES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (OR THE CORRESPONDING PROVISION OF ANY SUCCESSOR UNITED STATES INTERNAL REVENUE LAW) (THE "INTERNAL REVENUE CODE"), INCLUDING BUT NOT LIMITED TO (1) PROVIDING ADMINISTRATIVE, PROPERTY MANAGEMENT, AND OTHER SUPPORT SERVICES FOR NONPROFIT ORGANIZATIONS; (2) OWNING OR OPERATING, INCLUDING DEVELOPING AND MANAGING, OR BOTH, EITHER DIRECTLY OR INDIRECTLY THROUGH ANY OTHER ENTITY OR ORGANIZATION, ANY LIFE CARE FACILITY IN THE NATURE OF CONTINUING CARE RETIREMENT COMMUNITY OR LIFE CARE AT HOME PROGRAM OR OTHERWISE DESIGNED TO BENEFIT ELDERLY PERSONS AND IN GENERAL TO IMPLEMENT PROGRAMS DESIGNED TO MEET THE NEEDS OF ELDERLY PERSONS; AND (3) MAKING DONATIONS AND OTHER TRANSFERS TO CHARITABLE ORGANIZATIONS AND OTHER ORGANIZATIONS AFFILIATED WITH THE CORPORATION AND DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, CONSISTENT WITH AND IN FURTHERANCE OF THESE PURPOSES.THROUGH JULY 12, 2018, FRIENDS RETIREMENT CONCEPTS, INC. D/B/A ARBOR GLEN ("ARBOR GLEN") WAS A NOT-FOR-PROFIT ORGANIZATION THAT OPERATED A CONTINUING-CARE RETIREMENT COMMUNITY. ARBOR GLEN'S COMMUNITY CONSISTS OF 183 INDEPENDENT LIVING APARTMENT UNITS, 19 INDEPENDENT LIVING VILLA UNITS, AND A HEALTH CENTER COMPRISED OF 33 ASSISTED LIVING UNITS/ LICENSED FOR 35 BEDS AND 64 MEDICARE CERTIFIED NURSING BEDS. ARBOR GLEN'S COMMUNITY IS LOCATED ON APPROXIMATELY 24 ACRES IN SOMERSET COUNTY, NEW JERSEY. A MAJORITY OF ARBOR GLEN'S BOARD OF DIRECTORS WERE REQUIRED TO BE MEMBERS OF THE RELIGIOUS SOCIETY OF FRIENDS. EFFECTIVE JULY 13, 2018, ARBOR GLEN SOLD SUBSTANTIALLY ALL ASSETS AND PROPERTIES USED IN OR INCIDENTAL TO THE CONDUCT OF THE BUSINESS TO BRIDGEWATER LIFE CARE PROPERTY, LLC., AND THIS REPORTING ENTITY WILL NO LONGER OPERATE AS A CONTINUING-CARE RETIREMENT COMMUNITY. THE OPERATIONS OF THE CONTINUING-CARE RETIREMENT COMMUNITY, HOWEVER, WILL CONTINUE UNDER THE CONTROL OF BRIDGEWATER LIFE CARE PROPERTY, LLC, WHICH IS UNRELATED TO ARBOR GLEN.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Felix RosenwasserPRESIDENT & CEO40$173,132
Marina FerrerADMINISTRATOR AND ASSISTAN40$142,111
Janine SchmeltzDIRECTOR OF NURSING40$112,668
Lisa CoddingtonCONTROLLER & ASSISTANT TRE40$111,696
John VincentDIRECTOR1$0
Robert KiserDIRECTOR1$0
Barbara AndrewsDIRECTOR1$0
Jennifer CouryDIRECTOR1$0
Barbara MenzelDIRECTOR1$0
Charlotte McafeeDIRECTOR1$0
Lee VarianDIRECTOR1$0
Mildred PotenzaDIRECTOR1$0
Howard FreundDIRECTOR1$0
Robert GreenSECRETARY1$0
Chester BrewerTREASURER1$0
Randy MaloneVICE CHAIR1$0
Paula McclureCHAIRPERSON1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201941379349300209_public.xml