Skip to content
Nonprofiteer
← CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC

Form 990 for tax year 2022

Filed by CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC.

Totals

Total revenue
$31,949,437
Total expenses
$32,474,861
Contributions and grants received
$220,405
Grants paid
$895,572
Program service revenue
$30,186,058
Investment income
$1,397,174
Other revenue
$145,800
Total assets, end of year
$120,640,930
Total liabilities, end of year
$91,665,519
Net assets or fund balances, end of year
$28,975,411
Program services expenses (Part IX)
$27,324,672
Management and general expenses
$5,150,189
Fundraising expenses
$0
Program service expenses (Part III)
$27,324,672

Program services were 84.1% 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.

  • 1d · Related organizations

    $220,405

  • 2a · Program service revenue: RESIDENT CHARGES

    total $26,048,932 · related or exempt $26,048,932

  • 2b · Program service revenue: HEALTH CENTER - CHRRC

    total $3,875,057 · related or exempt $3,875,057

  • 2c · Program service revenue: GUESTS' MEALS AND LODGING

    total $162,879 · related or exempt $162,879

  • 2f · All other program service revenue

    total $99,190 · related or exempt $99,190

  • 3 · Investment income

    total $1,685,926 · excluded $1,685,926

  • 6a · Gross rents

    real property $145,800

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $145,800

  • 6d · Net rental income or loss

    total $145,800 · excluded $145,800

  • 7a · Gross sales of assets other than inventory

    securities $2,695,655

  • 7b · Less cost or other basis and sales expenses

    securities $1,961,897 · other assets $1,022,510

  • 7c · Gain or loss

    securities $733,758 · other assets -$1,022,510

  • 7d · Net gain or loss

    total -$288,752 · excluded -$288,752

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $688,200 · program services $688,200

  • 2 · Grants to domestic individuals

    total $207,372 · program services $207,372

  • 5 · Compensation of officers, directors and key employees

    total $1,673,388 · management and general $1,673,388

  • 7 · Other salaries and wages

    total $12,586,940 · program services $10,853,682 · management and general $1,733,258

  • 8 · Pension plan contributions

    total $409,263 · program services $409,263

  • 9 · Other employee benefits

    total $2,145,359 · program services $2,145,359

  • 10 · Payroll taxes

    total $1,024,710 · program services $1,024,710

  • 11b · Fees: legal

    total $16,395 · management and general $16,395

  • 11c · Fees: accounting

    total $80,039 · management and general $80,039

  • 11f · Fees: investment management

    total $372,796 · management and general $372,796

  • 11g · Fees: other

    total $719,510 · program services $641,129 · management and general $78,381

  • 12 · Advertising and promotion

    total $120,102 · management and general $120,102

  • 13 · Office expenses

    total $2,452,650 · program services $1,956,300 · management and general $496,350

  • 14 · Information technology

    total $26,172 · management and general $26,172

  • 16 · Occupancy

    total $1,783,531 · program services $1,783,531

  • 17 · Travel

    total $66,325 · program services $31,462 · management and general $34,863

  • 19 · Conferences, conventions and meetings

    total $21,838 · management and general $21,838

  • 20 · Interest

    total $1,008,756 · program services $1,008,756

  • 22 · Depreciation, depletion and amortization

    total $4,037,615 · program services $4,037,615

  • 23 · Insurance

    total $268,826 · management and general $268,826

  • 24a · Other expenses: FOOD PURCHASES

    total $2,130,994 · program services $2,130,994

  • 24b · Other expenses: MISCELLANEOUS

    total $406,299 · program services $406,299

  • 24c · Other expenses: PROPERTY TAXES

    total $191,234 · management and general $191,234

  • 24d · Other expenses: RECRUITMENT

    total $36,547 · management and general $36,547

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $157,660 · end of year $207,479

  • 2 · Savings and temporary cash investments

    beginning of year $2,991,562 · end of year $3,021,064

  • 4 · Accounts receivable

    beginning of year $1,866,524 · end of year $1,399,211

  • 8 · Inventories for sale or use

    beginning of year $284,257 · end of year $279,156

  • 9 · Prepaid expenses and deferred charges

    beginning of year $182,095 · end of year $273,928

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

    $115,454,377

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

    $57,375,010

  • 10c · Land, buildings and equipment, net

    beginning of year $52,929,461 · end of year $58,079,367

  • 11 · Investments: publicly traded securities

    beginning of year $73,087,379 · end of year $57,380,725

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,695,747 · end of year $3,770,515

  • 19 · Deferred revenue

    beginning of year $50,381,893 · end of year $50,988,470

  • 20 · Tax-exempt bond liabilities

    beginning of year $33,216,797 · end of year $30,984,860

  • 24 · Unsecured notes and loans payable

    beginning of year $821,224 · end of year $5,921,674

  • 25 · Other liabilities

    beginning of year $2,850,753 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $40,477,462 · end of year $28,920,351

  • 28 · Net assets with donor restrictions

    beginning of year $55,062 · end of year $55,060

Mission and programs · 2022

Mission

CAROL WOODS SHALL BE A CHARITABLE, NOT-FOR-PROFIT CORPORATION MEETING THE NEEDS OF OLDER ADULTS FOR HOUSING, HEALTH, WELL-BEING, AND PROTECTION OF FINANCIAL SECURITY. THE MISSION OF CAROL WOODS SHALL BE TO PROVIDE A SAFE, HEALTHFUL, AND SECURE ENVIRONMENT FOR PERSONS THROUGHOUT THEIR LATER YEARS, AS WELL AS ENGAGE IN COOPERATIVE RESEARCH, DEVELOPMENT AND EDUCATION IN AREAS ENCOMPASSED BY THE MISSION. HIGH QUALITY RESIDENTIAL LIVING AND HEALTH SERVICES SHALL BE PROVIDED ACCORDING TO INDIVDUAL NEEDS. RESIDENTS' ON-GOING NEEDS TO MAINTAIN AND PROMOTE HEALTH AND WELL-BEING SHALL BE SUPPORTED THROUGH THE PROVISION OF APPROPRIATE RESOURCES. CAROL WOODS SHALL ENCOURAGE DIVERSITY, RESIDENTS' LEADERSHIP, PARTICIPATION IN AND SERVICE TO CAROL WOODS AND THE LARGER COMMUNITY. CAROL WOODS SHALL ALSO FOSTER A HIGH QUALITY WORK EXPERIENCE FOR STAFF AND FACILITATE STAFF DEVELOPMENT THAT EMBODIES THE VALUES OF THE ORGANIZATION.

Activities or mission (Part I)

OPERATION OF A CCRC PROVIDING HOUSING, HEALTHCARE, AND OTHER SERVICES TO SENIORS.

  • PROVIDED HOUSING, HEALTHCARE AND OTHER RELATED SERVICES TO SENIORRESIDENTS THROUGH OPERATION OF A CONTINUING CARE RETIREMENTCOMMUNITY (CCRC) CONTAINING 315 INDEPENDENT LIVING APARTMENTS/COTTAGES, 59 ASSISTED LIVING ACCOMMODATIONS, AND A 60-BED HEALTHCENTER. SERVED AN AVERAGE OF 600 SENIORS UNDER LIFE CARE ARRANGEMENTS,INCLUDING AN AVERAGE OF 86 LIVING PERMANENTLY IN ASSISTED LIVING AND THEHEALTH CENTER. OFFER A CCRC WITHOUT LODGING PROGRAM APPROVED BY THENC DEPARTMENT OF INSURANCE. SERVED AN AVERAGE OF 104 IN THE PROGRAMOVER THE COURSE OF THE YEAR. CONTINUED PROACTIVE AND INTENTIONALCHARITABLE CARE AND COMMUNITY BENEFIT PROGRAM, INCLUDING: 1) PROVIDED$193,540 IN FINANCIAL ASSISTANCE TO RESIDENTS IN NEED; 2) MADE CHARITABLEGIFTS TO ORANGE COUNTY ($175,000), TOWN OF CHAPEL HILL ($100,000), AND THELOCAL PUBLIC SCHOOLS ($30,000) TO SUPPORT VITAL SERVICES TO SENIORS INTHE COMMUNITY; AND 3) MADE $392,336 IN CHARITABLE GIFTS AND FINANCIALSUPPORT TO OTHER LOCAL NON-PROFIT ORGANIZATIONS PURSUING MISSIONSSIMILAR TO CAROL WOODS. CONTINUED TO PROVIDE IN-KIND BENEFITS TO THEOUTSIDE COMMUNITY, INCLUDING: 1) MAKING AVAILABLE CAROL WOODS' CAMPUSAND STAFF FOR A VARIETY OF EDUCATIONAL AND COMMUNITY SUPPORTPURPOSES -- PROVIDING INTERNSHIPS AND OTHER OPPORTUNITIES FORSTUDENTS TO LEARN OF AGING SERVICES OPPORTUNITIES IN DISCIPLINESRANGING FROM MEDICAL AND NURSE PRACTITIONER, TO NURSING, SOCIAL WORKAND CERTIFIED NURSING ASSISTANTS; 2) DONATED BUILDING MATERIALS TO THEHABITAT RESTORE AND OTHER ITEMS TO THE AREA THRIFT STORE.

    Expenses $27,324,672 · Grants $895,572 · Revenue $30,186,058

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jess Aylor

    VICE CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • Delores Baily

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bill Blackman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard Blankenship

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • Carol Candler

    RESIDENT/NONVOTING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephen Elkins-Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jack Evans

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anne Fishel

    RESIDENT/NONVOTING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Audrey Galloway

    SECRETARY OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • Josh Gurlitz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charles House

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mel Hurston

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Larry McManus

    TREASURER OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • Brenda Mitchell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Royster

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Adam Stein

    RESIDENT/VOTING BOARD MEM

    Total calculated
    $0
    Hours/week
    1

  • Marian Stephenson

    RESIDENT/VOTING BOARD MEM

    Total calculated
    $0
    Hours/week
    1

  • Crystal Torain

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marianne Ratcliffe

    PRESIDENT & CEO

    Total calculated
    $301,574
    From this org
    $279,662
    From related orgs
    $0
    Other
    $21,912
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $244,231
    Bonus
    $35,431
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,912
    Filer's total
    $301,574

  • Kenneth G Reeb Jr

    VP OF FINANCE / CFO

    Total calculated
    $238,731
    From this org
    $220,479
    From related orgs
    $0
    Other
    $18,252
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,479
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,252
    Filer's total
    $238,731

  • Jennifer Wilson

    VP OF WELL-BEING

    Total calculated
    $174,872
    From this org
    $159,210
    From related orgs
    $0
    Other
    $15,662
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,210
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,662
    Filer's total
    $174,872

  • Lizbeth Tomajko

    VP OF HR

    Total calculated
    $147,443
    From this org
    $131,846
    From related orgs
    $0
    Other
    $15,597
    Hours/week
    40

  • Nicole Cooper

    VP OF COMPLIANCE

    Total calculated
    $138,096
    From this org
    $123,633
    From related orgs
    $0
    Other
    $14,463
    Hours/week
    40

  • Leah Adeniji

    VP OF CAMPUS SERVICES

    Total calculated
    $129,569
    From this org
    $122,042
    From related orgs
    $0
    Other
    $7,527
    Hours/week
    40

  • Melanie Johnson

    DIRECTOR OF NURSING

    Total calculated
    $131,949
    From this org
    $117,045
    From related orgs
    $0
    Other
    $14,904
    Hours/week
    40

  • Craig Anderson

    REHABILITATION COORDINATOR

    Total calculated
    $118,518
    From this org
    $104,294
    From related orgs
    $0
    Other
    $14,224
    Hours/week
    40

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

  • 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

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 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
4 April 2023
IRS schema version
2022v5.0
Source object
202331009349300908

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.