Form 990 for tax year 2023

Totals

Total revenue

$396,721

Total expenses

$143,095

Contributions and grants received

$396,694

Grants paid

$140,647

Program service revenue

$0

Investment income

$27

Other revenue

$0

Total assets, end of year

$2,528,821

Total liabilities, end of year

$2,700

Net assets or fund balances, end of year

$2,526,121

Program services expenses (Part IX)

$140,647

Management and general expenses

$2,448

Fundraising expenses

$0

Program service expenses (Part III)

$140,647

Program services were 98.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• AS A SUPPORTING CORPORATION TO THE CAROL WOODS RETIREMENT COMMUNITY, SUPPORT WAS PROVIDED IN VARIOUS WAYS. THE CHARITABLE FUND PROVIDED $11,334 IN SUPPORT TO VARIOUS CAMPUS NEEDS OF CAROL WOODS, INCLUDING MAINTENANCE OF GIFTED GARDENS. IT PROVIDED $17,125 IN SUPPORT OF CAROL WOODS' TUITION ASSISTANCE PROGRAM FOR CAREER GROWTH OFCAROL WOODS' EMPLOYEES. IT PROVIDED $8,216 IN ASSISTANCE TO EMPLOYEES EXPERIENCING FINANCIAL HARDSHIP THROUGH A STAFF HARDSHIP FUND. IT PROVIDED $34,812 TO SUPPORT INTERNSHIPS AND OTHER WORK-STUDY OPPORTUNITIES TO EXPOSE YOUNGER PERSONS WHO ARE NOT EMPLOYEES TO THE PROSPECTS OF CAREERS IN SERVING SENIORS. (CONTINUED ON SCHEDULE O)AS A SUPPORTING CORPORATION TO THE CAROL WOODS RETIREMENT COMMUNITY, THE CHARITABLE FUND PROVIDED $60,000 IN SUPPORT OF THE CAROL WOODS RESIDENT ASSOCIATION, SUPPORTING THE BUDGETS OF A VARIETY OF RESIDENT COMMITTEES INVOLVED IN ENRICHING THE LIVES OF THE RESIDENTS OF THE COMMUNITY.

  Expenses $140,647 · Grants $140,647

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC

  $80,647

  REIMBURSEMENT FOR CHARITABLE EXPENSES INCLUDING RESIDENT ASSISTANCE, EMPLOYEE DEVELOPMENT AND GIFTED GARDEN MAINTENANCE.

• THE CAROL WOODS RESIDENT ASSOCIATION

  $60,000

  SUPPORT FOR RESIDENT ACTIVITIES THROUGH ANNUAL COUNCIL BUDGET.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC

  501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · NC

Provenance

Return type

form_990

Tax year

2023

Filed

25 April 2024

IRS schema version

2023v5.0

Source object

202421179349302082

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