Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $976,051

• 2a · Program service revenue: RESIDENT SERVICES

  total $27,933,972 · related or exempt $27,933,972

• 2b · Program service revenue: HEALTH CARE

  total $4,861,003 · related or exempt $4,861,003

• 2c · Program service revenue: DUKE CENTER FOR LIVING

  total $1,155,341 · related or exempt $1,155,341

• 2d · Program service revenue: OTHER

  total $1,126,341 · related or exempt $1,126,341

• 3 · Investment income

  total $1,315,903 · excluded $1,315,903

• 6a · Gross rents

  real property $62,760

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $62,760

• 6d · Net rental income or loss

  total $62,760 · excluded $62,760

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $100,000 · program services $100,000

• 5 · Compensation of officers, directors and key employees

  total $478,121 · management and general $478,121

• 7 · Other salaries and wages

  total $11,764,031 · program services $9,548,601 · management and general $2,215,430

• 8 · Pension plan contributions

  total $131,532 · program services $102,592 · management and general $28,940

• 9 · Other employee benefits

  total $1,848,364 · program services $1,441,682 · management and general $406,682

• 10 · Payroll taxes

  total $896,987 · program services $699,630 · management and general $197,357

• 11b · Fees: legal

  total $103,598 · management and general $103,598

• 11c · Fees: accounting

  total $116,099 · management and general $116,099

• 11g · Fees: other

  total $4,024,033 · program services $3,134,038 · management and general $889,995

• 12 · Advertising and promotion

  total $298,968 · management and general $298,968

• 13 · Office expenses

  total $384,407 · program services $51,484 · management and general $332,923

• 14 · Information technology

  total $468,612 · program services $364,969 · management and general $103,643

• 16 · Occupancy

  total $2,158,880 · program services $1,681,401 · management and general $477,479

• 17 · Travel

  total $96,400 · program services $75,079 · management and general $21,321

• 19 · Conferences, conventions and meetings

  total $106,161 · management and general $106,161

• 20 · Interest

  total $2,377,394 · program services $1,791,925 · management and general $585,469

• 22 · Depreciation, depletion and amortization

  total $4,417,426 · program services $3,327,987 · management and general $1,089,439

• 23 · Insurance

  total $540,138 · program services $420,676 · management and general $119,462

• 24a · Other expenses: DIETARY EXPENSE

  total $1,861,275 · program services $1,861,275

• 24b · Other expenses: SUPPLIES

  total $1,726,433 · program services $1,726,433

• 24c · Other expenses: REPAIRS AND MAINTENANCE

  total $568,841 · program services $443,030 · management and general $125,811

• 24d · Other expenses: EMPLOYEE TRAINING AND D

  total $193,740 · program services $150,891 · management and general $42,849

• 24e · All other expenses

  total $34,021 · program services $26,497 · management and general $7,524

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,078,446 · end of year $373,918

• 2 · Savings and temporary cash investments

  beginning of year $5,000 · end of year $4,813

• 4 · Accounts receivable

  beginning of year $1,004,973 · end of year $862,404

• 8 · Inventories for sale or use

  beginning of year $280,076 · end of year $344,920

• 9 · Prepaid expenses and deferred charges

  beginning of year $316,034 · end of year $310,737

• 10a · Land, buildings and equipment: cost or other basis

  $152,574,298

• 10b · Land, buildings and equipment: accumulated depreciation

  $59,018,956

• 10c · Land, buildings and equipment, net

  beginning of year $89,178,560 · end of year $93,555,342

• 11 · Investments: publicly traded securities

  beginning of year $32,547,573 · end of year $31,103,526

• 14 · Intangible assets

  beginning of year $5,917,223 · end of year $6,086,286

• 15 · Other assets

  beginning of year $6,900,442 · end of year $7,332,856

• 17 · Accounts payable and accrued expenses

  beginning of year $5,344,234 · end of year $6,256,975

• 19 · Deferred revenue

  beginning of year $90,599,496 · end of year $91,849,404

• 20 · Tax-exempt bond liabilities

  beginning of year $70,907,447 · end of year $68,674,176

• 24 · Unsecured notes and loans payable

  beginning of year $187,119 · end of year $243,674

• 25 · Other liabilities

  beginning of year $44,052 · end of year $3,446

• 27 · Net assets without donor restrictions

  beginning of year -$34,205,490 · end of year -$32,064,525

• 28 · Net assets with donor restrictions

  beginning of year $4,351,469 · end of year $5,011,652

The filer's explanations (Part III)

PART I, LINE 3

THE CEO/EXECUTIVE DIRECTOR'S POSITION IS REVIEWED BY THE PRESIDENT AND BOARD CHAIRMAN AND APPROVED BY THE BOARD.

PART I, LINE 4A

NAME: ADAM MELTON, DESCRIPTION: 8 WEEKS SEVERANCE PAYMENT AND HEALTHCARE COVERAGE COST, CURRENT YEAR AMOUNT: $25,983. PLAN DESCRIPTION: GALLOWAY RIDGE PAID A TOTAL SEVERANCE PACKAGE IN THE AMOUNT OF $26,304.73. THE PACKAGE INCLUDED $24,103 FOR EIGHT WEEKS OF COMPENSATION (BASED ON THE REGULAR WORK WEEK), AT THE CURRENT RATE OF PAY; AND $1,789.53 TO ASSIST WITH CONTINUING HEALTHCARE COVERAGE. ALL PAY WAS SUBJECT TO ALL STATUTORY AND REQUIRED TAXES AND WITHHOLDINGS. AN ADDITIONAL $412.20 WAS PAID TO BLUE CROSS BLUE SHIELD OF NC TO COVER THE SEPTEMBER 2024 INSURANCE PREMIUM.

PART I, LINE 7

THE EXECUTIVE DIRECTOR AND DEPARTMENTAL HEADS ARE ELIGIBLE FOR PERFORMANCE BONUSES BASED ON AGREED UPON GOALS FOR THE YEAR.

Disregarded entities

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

• GRI PROPERTIES LLC

  RELATED · NC · income $0 · assets $0