← ARBOR ACRES UNITED METHODIST RETIREMENT COMMUNITY INC

Form 990 for tax year 2024

Filed by ARBOR ACRES UNITED METHODIST RETIREMENT COMMUNITY INC.

Totals

Total revenue: $55,658,686
Total expenses: $51,408,625
Contributions and grants received: $2,141,012
Grants paid: $2,281,188
Program service revenue: $51,056,452
Investment income: $2,334,364
Other revenue: $126,858
Total assets, end of year: $207,154,578
Total liabilities, end of year: $127,437,715
Net assets or fund balances, end of year: $79,716,863
Program services expenses (Part IX): $34,311,119
Management and general expenses: $16,757,100
Fundraising expenses: $340,406
Program service expenses (Part III): $34,311,119

Program services were 66.7% 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.

Revenue

Part VIII, the statement of revenue.

1f · All other contributions, gifts and grants

$2,141,012
1g · Noncash contributions included above

$231
2a · Program service revenue: Resident Fees

total $39,571,467 · related or exempt $39,571,467
2b · Program service revenue: Deferred Entrance Fees

total $8,500,385 · related or exempt $8,500,385
2c · Program service revenue: Application Fees

total $36,400 · related or exempt $36,400
2d · Program service revenue: Modification Fees Earned

total $49,952 · related or exempt $49,952
2e · Program service revenue: Home Care Fees

total $2,898,248 · related or exempt $2,898,248
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $1,937,351 · excluded $1,937,351
6c · Rental income or loss

real property $0 · personal property $0
7a · Gross sales of assets other than inventory

securities $795,992
7b · Less cost or other basis and sales expenses

other assets $398,979
7c · Gain or loss

securities $795,992 · other assets -$398,979
7d · Net gain or loss

total $397,013 · excluded $397,013
8c · Net income from fundraising events

total $0
10a · Gross sales of inventory

$84,347
10b · Cost of goods sold

$74,429
10c · Net income from sales of inventory

total $9,918 · excluded $9,918
11a · Other revenue: Food Service Revenue

total $83,088 · excluded $83,088
11b · Other revenue: Guest Room Rental

total $33,852 · excluded $33,852
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$116,940

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $314,208 · program services $314,208
2 · Grants to domestic individuals

total $1,966,980 · program services $1,966,980
5 · Compensation of officers, directors and key employees

total $961,485 · program services $185,831 · management and general $775,654
7 · Other salaries and wages

total $18,946,420 · program services $17,075,357 · management and general $1,669,816 · fundraising $201,247
9 · Other employee benefits

total $5,690,801 · program services $4,805,213 · management and general $826,440 · fundraising $59,148
11b · Fees: legal

total $188,528 · management and general $188,528
11c · Fees: accounting

total $257,927 · management and general $257,927
11g · Fees: other

total $2,702,982 · program services $2,528,229 · management and general $174,753 · fundraising $0
12 · Advertising and promotion

total $208,224 · program services $208,224
13 · Office expenses

total $3,556,511 · program services $2,926,001 · management and general $550,615 · fundraising $79,895
14 · Information technology

total $149,046 · program services $149,046
16 · Occupancy

total $2,152,973 · program services $1,930,901 · management and general $222,072
17 · Travel

total $12,014 · program services $4,388 · management and general $7,578 · fundraising $48
19 · Conferences, conventions and meetings

total $2,433 · program services $2,433
20 · Interest

total $2,061,947 · management and general $2,061,947
22 · Depreciation, depletion and amortization

total $9,400,282 · management and general $9,400,282
23 · Insurance

total $618,132 · management and general $618,132
24a · Other expenses: Food Cost

total $1,866,885 · program services $1,866,885
24b · Other expenses: Medical Supplies

total $310,354 · program services $310,354
24c · Other expenses: Miscellaneous

total $17,025 · program services $13,601 · management and general $3,356 · fundraising $68
24d · Other expenses: BAD DEBT

total $15,702 · program services $15,702
24e · All other expenses

total $7,766 · program services $7,766 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $11,994,959 · end of year $8,359,487
2 · Savings and temporary cash investments

beginning of year $3,457,268 · end of year $2,919,683
4 · Accounts receivable

beginning of year $934,027 · end of year $822,199
5 · Loans and receivables from officers and key people

end of year $0
6 · Loans and receivables from disqualified persons

end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $621,833 · end of year $642,246
10a · Land, buildings and equipment: cost or other basis

$226,530,986
10b · Land, buildings and equipment: accumulated depreciation

$101,773,470
10c · Land, buildings and equipment, net

beginning of year $128,019,145 · end of year $124,757,516
11 · Investments: publicly traded securities

beginning of year $52,698,463 · end of year $62,145,745
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $1,304,603 · end of year $1,369,104
14 · Intangible assets

beginning of year $915,202 · end of year $773,467
15 · Other assets

beginning of year $4,625,885 · end of year $5,365,131
17 · Accounts payable and accrued expenses

beginning of year $3,173,129 · end of year $2,468,302
19 · Deferred revenue

beginning of year $60,680,535 · end of year $58,599,023
20 · Tax-exempt bond liabilities

beginning of year $68,709,087 · end of year $66,249,924
22 · Loans and payables to officers and key people

end of year $0
25 · Other liabilities

beginning of year $180,741 · end of year $120,466
27 · Net assets without donor restrictions

beginning of year $56,558,270 · end of year $63,257,071
28 · Net assets with donor restrictions

beginning of year $15,269,623 · end of year $16,459,792

Mission and programs · 2024

Mission

ARBOR ACRES, AN AFFILIATE MINISTRY OF THE UNITED METHODIST CHURCH, SERVES SENIOR ADULTS THROUGH FACILITIES AND PROGRAMS THAT ENHANCE OPPORTUNITY FOR SECURITY, CONTENTMENT AND LIFE WITH MEANING AND PURPOSE.

Activities or mission (Part I)

TO SERVE SENIOR ADULTS WHILE PROVIDING SECURITY, CONTENTMENT, AND LIFE WITH MEANING & PURPOSE.

ARBOR ACRES, A CONTINUING CARE RETIREMENT COMMUNITY (CCRC), PROVIDING RESIDENTIAL ACCOMODATIONS IN 164 APARTMENT UNITS (STUDIO, ONE AND TWO BEDROOM UNITS), AS WELL AS 133 COTTAGES. IN ADDITION TO THE INDEPENDENT LIVING FACILITIES, ARBOR ACRES ALSO HAS 95 ADULT CARE HOME BEDS AND 83 NURSING CARE BEDS (LOCATED IN THE FITZGERALD HEALTH CENTER). AS OF DECEMBER 31, 2024, ARBOR ACRES SERVED 554 RESIDENTS IN THE ABOVE UNITS. ARBOR ACRES HOLDS MEMBERSHIPS WITH LEADING AGE AND LEADING AGE NC. THE FACILITY IS ACCREDITED THROUGH THE CONTINUING CARE ACCREDITATION COMMISSION. AN IMPORTANT COMPONENT OF FULFILLING ARBOR ACRES' MISSION IS THE PROVISION OF FINANCIAL ASSISTANCE SUPPORT TO ENABLE RESIDENTS TO RESIDE AT ARBOR ACRES WHO WOULD OTHERWISE BE UNABLE TO AFFORD TO DO SO. FOR THE YEAR ENDING DECEMBER 31, 2024, $1,966,980 OF FINANCIAL ASSISTANCE WAS PROVIDED TO RESIDENTS TO HELP THEM MAINTAIN RESIDENCY AT THE FACILITY. DURING 2024 THE FOLLOWING SPECIFIC ACCOMPLISHMENTS ENHANCED THE ABILITY TO SERVE RESIDENTS: 1. Maintain Occupancy Exceeding 93% in Assisted Living, Memory Care, and Skilled Nursing levels of available licensed care and exceeded 93% occupancy of independent living units. 2. Sponsored and facilitated participation of resident efforts in community service projects to include Habitat for Humanity, Hurricane Helene Relief, Salvation Army, The Sheperd's Center, and Trellis Supportive Care Etc. In addition, Arbor Acres made a monetary donation to The Winston-Salem Foundation.

Expenses $34,311,119 · Grants $2,281,188 · Revenue $51,056,452

As filed on the 2024 return.

Listed in Part VII

Bill Hollan

Chair Elect

Total calculated

$0

Hours/week

1
Courtney Douglas

Secretary

Total calculated

$0

Hours/week

1
John E Lauer

Treasurer

Total calculated

$0

Hours/week

1
John Willingham

Chair

Total calculated

$0

Hours/week

1
Bischop Ken Carter

Board Member

Total calculated

$0

Hours/week

1
Burton Vance

Board Member

Total calculated

$0

Hours/week

1
Carroll McCullough

Board Member

Total calculated

$0

Hours/week

1
Christine Dunn

Board Member

Total calculated

$0

Hours/week

1
Christopher Pearce

Board Member

Total calculated

$0

Hours/week

1
Clare Jordan

Board Member

Total calculated

$0

Hours/week

1
Donald Eppert

Board Member

Total calculated

$0

Hours/week

1
Eddie Stubbins

Board Member

Total calculated

$0

Hours/week

1
J Hill Stockton

Board Member

Total calculated

$0

Hours/week

1
John Earle

Board Member

Total calculated

$0

Hours/week

1
John Ruffin

Board Member

Total calculated

$0

Hours/week

1
Montrale Boykin

Board Member

Total calculated

$0

Hours/week

1
Rev Sam Moore

Board Member

Total calculated

$0

Hours/week

1
Ricky Shore

Board Member

Total calculated

$0

Hours/week

1
Samuel Black

Board Member

Total calculated

$0

Hours/week

1
Susan Elster

Board Member

Total calculated

$0

Hours/week

1
Tanya Afolayan

Board Member

Total calculated

$0

Hours/week

1
Tog Newman

Board Member

Total calculated

$0

Hours/week

1
Wendy Walker-Fox

Board Member

Total calculated

$0

Hours/week

1
Andrew Applelgate

CEO

Total calculated

$436,854

From this org

$387,154

From related orgs

$0

Other

$49,700

Hours/week

40

Schedule J breakdown matched by us

Base

$310,240

Bonus

$46,025

Other

$30,889

Deferred

$22,427

Nontaxable benefits

$27,273

Filer's total

$436,854
David Matthews

CFO

Total calculated

$287,074

From this org

$255,266

From related orgs

$0

Other

$31,808

Hours/week

40

Schedule J breakdown matched by us

Base

$226,014

Bonus

$23,191

Other

$6,061

Deferred

$15,301

Nontaxable benefits

$16,507

Filer's total

$287,074
Elizabeth Byrd

VP Health Services

Total calculated

$98,420

From this org

$92,278

From related orgs

$0

Other

$6,142

Hours/week

40
Julie Tampa

Secretary

Total calculated

$97,265

From this org

$83,947

From related orgs

$0

Other

$13,318

Hours/week

40
Kathy Gwyn

VP Health Services

Total calculated

$163,925

From this org

$142,840

From related orgs

$0

Other

$21,085

Hours/week

40

Schedule J breakdown matched by us

Base

$114,751

Bonus

$22,141

Other

$5,948

Deferred

$8,486

Nontaxable benefits

$12,599

Filer's total

$163,925
Amanda Harrell

Director of nursing

Total calculated

$147,722

From this org

$131,619

From related orgs

$0

Other

$16,103

Hours/week

40
Darrell Holland

Controller

Total calculated

$137,224

From this org

$121,733

From related orgs

$0

Other

$15,491

Hours/week

40
Erin Perkins

Director of dining

Total calculated

$148,059

From this org

$126,629

From related orgs

$0

Other

$21,430

Hours/week

40
Joseph Gilmartin

Senior director of operations

Total calculated

$174,954

From this org

$152,793

From related orgs

$0

Other

$22,161

Hours/week

40

Schedule J breakdown matched by us

Base

$134,867

Bonus

$7,150

Other

$10,776

Deferred

$9,321

Nontaxable benefits

$12,840

Filer's total

$174,954
Kathryn Sears

Senior director HR/Talent Arts

Total calculated

$164,860

From this org

$137,944

From related orgs

$0

Other

$26,916

Hours/week

40

Schedule J breakdown matched by us

Base

$129,113

Bonus

$6,908

Other

$1,923

Deferred

$8,851

Nontaxable benefits

$18,065

Filer's total

$164,860

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

Answered yes

1a · Tax indemnification and gross-up payments
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Compensation committee
3 · Independent compensation consultant
3 · Form 990 of other organizations
3 · Compensation survey or study
3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments: During the year, the Organization grossed up payments to cover the tax cost for certain executive health benefits. These amounts were included in the Forms W-2.

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 Winston-Salem Foundation

$310,000

Operational Support

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

ARBOR ACRES HOME CARE LLC

IN HOME CARE SERVICES · NC · income $2,882,546 · assets $868,689

Directly controlled by ARBOR ACRES UNITED METHODIST RETIREMENT COMMUNITY INC
Arbor Acres Strategic Development LLC

Investigate growth opportunities · NC · income $224,288 · assets $6,634,077

Directly controlled by ARBOR ACRES UNITED METHODIST RETIREMENT COMMUNITY INC

Provenance

Return type: form_990
Tax year: 2024
Filed: 11 November 2025
IRS schema version: 2024v5.1
Source object: 202513159349304466

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