The Friendship Village Charitable
Support friends of faith retirement homes, inc.
Key facts about The Friendship Village Charitable
In short: The Friendship Village Charitable gave $4.2M across 1 grant in 2026 (avg $4.2M), mostly in Iowa. Source: 2026 IRS Form 990.
- EIN
- 42-1527755
- Latest 990 filing
- Form 990, 2026
- Annual giving (2026)
- $4,208,929
- Grants made (2026)
- 1
- Average grant
- $4,208,929
- Median grant
- $4,208,929
- Total assets
- $7,251,361
- Primary geography
- Iowa (100% of itemized 2026 grant dollars)
Data from IRS Form 990, 2026; updated September 2026.
Financial Overview
From 2026 IRS Form 990 · View filing
Total Assets
$7.3M
-5.2% YoY
Annual Giving
$4.2M
-30.2% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$4.2M
-30.2% YoY
How The Friendship Village Charitable gives
- Giving fell 57% from 2023 to 2026. Method
From the foundation's IRS Form 990 filings. Methodology.
About The Friendship Village Charitable
Based on IRS filings
The Friendship Village Charitable is a nonprofit organization focused on Housing & Shelter, based in Waterloo, IA. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $7.3M in total assets. In 2026, it awarded 1 grant totaling $4.2M. Net investment income was $378K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2026 grant dollars.
States
Cities
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 2026
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| FRIENDS OF FAITH RETIREMENT HOMES Waterloo, IA | CHARITABLE SUPPORT | $4,208,929 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2026 | 2025 | 2024 |
|---|---|---|---|
| Total Assets | $7,251,361 | $7,648,262 | $10,454,419 |
| Revenue | $3,847,131 | $4,090,613 | $4,204,149 |
| Expenses | $4,218,843 | $6,052,091 | $4,863,809 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $377,789 | $1,246,647 | $1,917,697 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 1, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS January 16, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 29, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 1, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS October 10, 2025)
- Added Form 990 for fiscal year 2026 (received by the IRS August 18, 2026)
Leadership & Key People
Officers and directors from IRS filings
The Friendship Village Charitable is led by Sherry Turner, President on every filing since 2025; 1 of 13 officers listed in 2026 is compensated.
Officers on the 2026 filing
Sherry Turner
President
On filings since 2025
40 hrs/week
$239K (2025) → $250K (2026)
Pastor Chris Rygh
Chairman
Secretary → Vice Chairman, 2022
Vice Chairman → Chairman, 2025
On filings since 2021
1 hr/week
No compensation reported
Pastor Tom Hlad
Trustee
On filings since 2021
1 hr/week
No compensation reported
Robert Smith Jr.
Trustee
On filings since 2021
1 hr/week
No compensation reported
Ronald Kiewiet
Trustee
On filings since 2021
1 hr/week
No compensation reported
Vera Wallican
Trustee
On filings since 2021
1 hr/week
No compensation reported
Rick Bauer
Trustee
On filings since 2022
1 hr/week
No compensation reported
Paul Smith
Trustee
New on the 2026 filing
1 hr/week
No compensation reported
Brad Morris
Past Chairman
Vice Chairman → Chairman, 2022
Chairman → Past Chairman, 2025
On filings since 2021
1 hr/week
No compensation reported
Craig Anderson
Vice Chair
Treasurer → Secretary, 2025
Secretary → Vice Chair, 2026
On filings since 2021
1 hr/week
No compensation reported
Jay Nardini
Treasurer
Past Chairman → Trustee, 2022
Trustee → Treasurer, 2025
On filings since 2021
1 hr/week
No compensation reported
Jim Grady
Board Member
Chairman → Past Chairman, 2022
Past Chairman → Board Member, 2025
On filings since 2021
1 hr/week
No compensation reported
Steve Gillen
Secretary
Trustee → Secretary, 2026
On filings since 2023
1 hr/week
No compensation reported
Former officers (9)
- Former: Lisa Gates (2021–2025) — Past President
- Former: Mark Tink (2021–2025) — Trustee
- Former: Pastor Quovadis Marshall (2021–2025) — Trustee
- Former: George Farber (2021–2024) — Trustee
- Former: Pastor Jesse Tink (2021–2024) — Secretary
- Former: Ron Weimer (2021–2023) — Trustee & Chaplain
- Former: Bob Smith (2023) — Trustee
- Former: Nancy Shirey (2023) — Trustee
- Former: Ronald Fiacco (2021) — Trustee
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
Frequently asked questions about The Friendship Village Charitable
How much does The Friendship Village Charitable give each year?
The Friendship Village Charitable gave $4.2M across 1 grant in 2026, according to its 2026 IRS Form 990. In 2025 it gave $6.0M across 1 grant.
How large is The Friendship Village Charitable?
The Friendship Village Charitable reported $7.3M in total assets on its 2026 IRS Form 990. Its revenue that year was $3.8M.
What is The Friendship Village Charitable?
The Friendship Village Charitable is a nonprofit organization focused on Housing & Shelter, based in Waterloo, IA. It holds $7.3M in total assets as of 2026.
Where does The Friendship Village Charitable operate?
The Friendship Village Charitable has awarded grants in Iowa.
What is The Friendship Village Charitable's EIN?
The Friendship Village Charitable's EIN (Employer Identification Number) is 42-1527755. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching The Friendship Village Charitable by hand.
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