LIFECARE FOR ADULTS 62 AND OVER.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$102.8M
-2.8% YoY
Annual Giving
$2.8M
+24.4% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$2.8M
+24.4% YoY
About Friends of Faith Ret Homes Inc
Based on IRS filings
Friends of Faith Ret Homes Inc is a nonprofit organization focused on Housing & Shelter, based in WATERLOO, IA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $102.8M in total assets. In 2025, it awarded 1 grants totaling $2.8M. Net investment income was $8K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $102,796,633 | $105,777,873 | $106,965,009 |
| Revenue | $26,620,572 | $26,167,260 | $30,283,903 |
| Expenses | $29,121,285 | $28,508,222 | $29,928,108 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $8,332 | $577,183 | $9,881 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LISA GATES | PAST PRESIDE | 50 | $338,349 |
| SHERRY TURNER | PRESIDENT/CE | 40 | $238,566 |
| CRAIG ANDERSON | SECRETARY | 1 | — |
| RICK BAUER | BOARD MEMBER | 1 | — |
| STEVE GILLEN | BOARD MEMBER | 1 | — |
| JIM GRADY | BOARD MEMBER | 1 | — |
| PASTOR TOM HLAD | BOARD MEMBER | 1 | — |
| RONALD KIEWIET | BOARD MEMBER | 1 | — |
| PASTOR QUOVADIS MARSHALL | BOARD MEMBER | 1 | — |
| BRAD MORRIS | PAST CHAIRMA | 1 | — |
| JAY NARDINI | TREASURER | 1 | — |
| PASTOR CHRIS RYGH | CHAIRMAN | 1 | — |
| BOB SMITH | BOARD MEMBER | 1 | — |
| MARK TINK | BOARD MEMBER | 1 | — |
| VERA WALLICAN | BOARD MEMBER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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FORT DODGE, IA
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Grants
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Total Given
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Assets
—
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Total Given
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Barbara Jean Couturier Charitable T
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Assets
—
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Total Given
—
The Joseph Andres Family Foundation
OKOBOJI, IA
Assets
—
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Total Given
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Lohse Family Foundation
BONDURANT, IA
Assets
—
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Total Given
$400K
Vande Brake Family Foundation
ORANGE CITY, IA
Assets
$172K
Grants
6
Total Given
$47K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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