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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Friends Retirement Concepts Inc.

Friends Retirement Concepts Inc.

Fiscal year ending 2018. Filed on May 17, 2019.

C/o F Rosenwasser 10 Cherokee Road
East Brunswick, New Jersey 08816

Friends Retirement Concepts Inc. (EIN: 23-2377560), also known as Arbor Glen, has filed an IRS Form 990 from fiscal year 2016–2018. In its fiscal year 2018 IRS Form 990 filing, Friends Retirement Concepts Inc., a 501(c)(3) charitable organization, reported compensation for 4 out of 117 total employees. Among the employees shown here, the average compensation is $141,323. The highest compensated employee at Friends Retirement Concepts Inc. is Felix Rosenwasser with fiscal year 2018 compensation of $180,632.

Revenue, expenses, and employee compensation

Revenue

$77,429,648

Expenses

$13,708,095

Employee compensation

$3,722,164
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Felix Rosenwasser
President and Chief Executive Officer
$180,632
$173,132 No related comp$7,500
Marina Ferrer
Administrator and Assistan
$148,021
$142,111 No related comp$5,910
Janine Schmeltz
Nursing Director
$118,786
$112,668 No related comp$6,118
Lisa Coddington
Controller and Assistant TRE
$117,854
$111,696 No related comp$6,158

Benchmark Employee Compensation

Non-Employee Board Members

Barbara Andrews
Director
Barbara Menzel
Director
Charlotte McAfee
Director
Chester Brewer
Treasurer
Howard Freund
Director
Jennifer Coury
Director
John Vincent
Director
Lee Varian
Director
Mildred Potenza
Director
Paula McClure
Chair
Randy Malone
Vice Chair
Robert Green
Secretary

Contractors

Sodexo Inc. & Affiliates
Management
$1,662,098
Tender Touch Rehab
Rehabilitation
$633,577
Drinker Biddle and Reath LLP
Legal
$381,597
R Koch Carpentry LLC
Construction
$116,510

Mission Statement

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.

Revisions to this organization profile

May 17, 2019:
2018 Friends Retirement Concepts Inc. 990 filed
September 25, 2018:
2017 Friends Retirement Concepts Inc. 990 filed
October 25, 2017:
2016 Friends Retirement Concepts Inc. 990 filed

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