Form 990 for tax year 2024

Totals

Total revenue

$53,823,607

Total expenses

$51,822,232

Contributions and grants received

$107,082

Grants paid

$625,350

Program service revenue

$49,500,485

Investment income

$4,123,193

Other revenue

$92,847

Total assets, end of year

$241,729,000

Total liabilities, end of year

$291,595,016

Net assets or fund balances, end of year

-$49,866,016

Program services expenses (Part IX)

$45,378,024

Management and general expenses

$6,444,208

Fundraising expenses

$0

Program service expenses (Part III)

$45,378,024

Program services were 87.6% 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 · 2024

• OUR BELIEF IS THAT IF CAROLINA MEADOWS CEASED TO EXIST, THE ORGANIZATION WOULD BE MISSED WITHIN THE LOCAL COMMUNITY AND THE BROADER COUNTY AREA BECAUSE CAROLINA MEADOWS IS APPROXIMATELY THE 3RD LARGEST EMPLOYER AND THE 4TH LARGEST PROPERTY TAXPAYER IN CHATHAM COUNTY. CONTINUED ON SCHEDULE O.COMMUNITY OUTREACH:CAROLINA MEADOWS SUPPORTS A VARIETY OF ORGANIZATIONS AND CAUSES WITHIN THE LOCAL COMMUNITY THAT ALIGN WITH THE GOALS AND BELIEFS OF THE ORGANIZATION, PAYING PARTICULAR ATTENTION TO THE FOLLOWING AREAS:-CHATHAM COUNTY PROPERTY TAXES -PROVIDING CHARITY CARE FOR THE RESIDENTS OF CAROLINA MEADOWS-EMPLOYEE LITERACY -ADDRESSING FOOD INSECURITY AND HUNGER, PARTICULARLY AMONG CHILDREN AND SENIOR CITIZENS-CONTRIBUTING TO THE UNITED WAY OF CHATHAM COUNTY, CORA, AND PBS NORTH CAROLINA JOINT RESIDENT-ORGANIZATIONAL CAMPAIGNS-VALIDATING THE IMPORTANCE OF THE ARTS THROUGH THE CHATHAM ARTIST IN RESIDENCE PROGRAM-SUPPORTING WORKFORCE DEVELOPMENT, INCREASING HOUSING SUPPLY AND AFFORDABILITY, AND SUPPORTING SMALL BUSINESS DEVELOPMENT THROUGH A 5-YEAR, $50,000 PLEDGE FOR A GREATER CHAPEL HILL-CARRBORO CAMPAIGN THROUGH THE CHAPEL HILL CHAMBER OF COMMERCECAROLINA MEADOWS HAS BEEN COMMITTED, SINCE INCEPTION, TO PAYING PROPERTY TAXES ON ITS PROPERTY SINCE THE CAMPUS WAS INITIALLY DEVELOPED THROUGH BANK LOANS AND ENTRY FEES RECEIVED FROM SALE OF INDEPENDENT LIVING UNITS AS THE CAMPUS WAS BUILT OUT OVER THE YEARS. ALL THE INDEPENDENT LIVING UNITS AND THE CURRENT SKILLED NURSING FACILITY WERE FINANCED WITH TRADITIONAL BANK LOANS OR USING FIRST-GENERATION INDEPENDENT LIVING UNIT ENTRY FEES TO PAY FOR THE COST OF CONSTRUCTION. CAROLINA MEADOWS BELIEVES IT BENEFITS GREATLY BY SUPPORTING THE EMERGENCY MANAGEMENT AND COMMUNICATIONS, FIRE MARSHALL, SHERIFF, ENVIRONMENTAL HEALTH AND QUALITY, AGING SERVICES, AND PUBLIC HEALTH DEPARTMENTS WITHIN CHATHAM COUNTY THROUGH ITS ANNUAL PAYMENT OF PROPERTY TAXES. PROPERTY TAXES ARE BUDGETED ANNUALLY AND ARE INCLUDED IN THE MONTHLY FEES PAID BY THE RESIDENTS OF CAROLINA MEADOWS. CAROLINA MEADOWS IS COMMITTED TO PROVIDING FREE HOUSING AND SERVICES TO RESIDENTS WHO MAY HAVE EXHAUSTED THEIR ASSETS THROUGH NO FAULT OF THEIR OWN AND NEED FINANCIAL ASSISTANCE TO COVER THE COST OF HOUSING AND SERVICES. IN ANY GIVEN YEAR, CAROLINA MEADOWS PAYS THE FULL COST OF CARE FOR FIVE TO SIX RESIDENTS WHO HAVE OUTLIVED THEIR FINANCIAL RESOURCES. THE CAROLINA MEADOWS RESIDENTS ASSOCIATION AND CAROLINA MEADOWS, INC. WORK COLLABORATIVELY ON THREE KEY CHARITABLE EVENTS: PBS NORTH CAROLINA (FORMERLY UNC TV), CHATHAM COUNTY OUTREACH ALLIANCE (CORA), AND UNITED WAY OF CHATHAM COUNTY. RESIDENTS ALSO PROVIDE SIGNIFICANT VOLUNTEER HOURS TO LOCAL NONPROFIT ORGANIZATIONS IN CHATHAM COUNTY. IN 2024, CAROLINA MEADOWS WAS HONORED TO RECEIVE A STATEWIDE EXCELLENCE IN COMMUNITY SERVICE AWARD FROM LEADING AGE NC. IT WAS IN RECOGNITION OF AN INTERGENERATIONAL PEN PAL PROGRAM BETWEEN 180 CM RESIDENTS AND 252 LOCAL MIDDLE AND HIGH SCHOOL STUDENTS. INITIATED BY LOCAL PUBLIC SCHOOL TEACHER RAQUEL HARRIS DURING THE PEAK OF COVID-19 AND REMOTE LEARNING, THIS PROGRAM CELEBRATED ITS FIFTH YEAR OF BUILDING RELATIONSHIPS AND COMMUNITY WHILE ENHANCING STUDENTS' CREATIVE WRITING SKILLS.CHARITABLE DONATIONS AND COMMUNITY BENEFITS FOR 2024 INCLUDED $493,781 IN BENEVOLENT CARE PROVIDED, $136,879 IN CHARITABLE DONATIONS, $58,595 IN DONATED VOLUNTEER SERVICES AND $1,418,864 IN CHATHAM COUNTY PROPERTY TAXES.CAROLINA MEADOWS IS ALSO ACTIVELY INVOLVED IN THE COMMUNITY THROUGH PARTICIPATION IN EDUCATIONAL, CHARITABLE, AND VOLUNTEER PROGRAMS SPONSORED ON CAMPUS AND THROUGHOUT THE SURROUNDING COMMUNITY. CAROLINA MEADOWS MADE SIGNIFICANT CHARITABLE GIFTS IN 2024 TO SUPPORT OUR BROADER COMMUNITY IN CHATHAM COUNTY, THE STATE, AND AROUND THE WORLD, INCLUDING BUT NOT LIMITED TO, THE FOLLOWING EXAMPLES: ~ $8,285 DONATION TO SUPPORT HUNGER RELIEF THROUGHOUT ALL OF CHATHAM COUNTY. FOOD INSECURITY CONTINUES TO INCREASE AS SUPPORT FROM FEDERAL FOOD PROGRAMS DECREASES~ $12,590 DONATION WAS MADE TO RISE AGAINST HUNGER TO SUPPORT THE 2024 CAROLINA MEADOWS MEAL PACKAGING EVENT. THIS EVENT RESULTS IN 30,000 MEALS BEING PACKAGED TO HELP FIGHT HUNGER THROUGHOUT THE WORLD~ $12,000 DONATION TO THE CHATHAM COUNTY LITERACY COUNCIL TO SUPPORT LITERACY EFFORTS THROUGHOUT OUR ENTIRE COMMUNITY; THESE EFFORTS ARE FOCUSED ON INCREASED LITERACY SUCH AS GED PROGRAMS, ENGLISH AS A SECOND LANGUAGE, COMPUTER LITERACY AND MORE ~ $5,000 ANNUAL CORPORATE DONATION TO UNITED WAY OF CHATHAM COUNTY TO SUPPORT THE GREAT WORK OF NUMEROUS CHARITIES THROUGHOUT OUR LARGE COUNTY ~ $5,000 DONATION TO CHATHAM ARTS COUNCIL TO SUPPORT THEIR ARTIST-IN-RESIDENCE PROGRAM AND SPONSORED A WEEK-LONG RESIDENCY OF FLAMENCO VIVO CARLOTTA SANTANA DANCE COMPANY AT NORTH CHATHAM ELEMENTARY ~ $2,500 DONATION TO PBS NORTH CAROLINA IN SUPPORT OF THEIR PUBLIC PROGRAMMING WHICH REACHES ALL AGES ACROSS OUR COUNTY AND STATE ~ $9,375 DONATION TO SUPPORT THE PROFESSIONAL DEVELOPMENT OF HIGH SCHOOL STUDENTS FROM FAMILIES WITH LIMITED INCOME VIA CRISTO REY RESEARCH TRIANGLE HIGH SCHOOL'S CORPORATE WORK STUDY PROGRAM. ~ TOTAL CORPORATE AND IN-KIND SUPPORT OF $2,108,117 FOR 2024 AND $1,613,490 FOR 2023BEYOND FINANCIAL SUPPORT, OUR RESIDENTS AND STAFF OFFER IN-KIND CONTRIBUTIONS AND MANY HOURS OF VOLUNTEER TIME TO SUPPORT NONPROFITS IN OUR AREA, AS WELL AS OUR OWN CAMPUS COMMUNITY. EXAMPLES INCLUDE: ~ CAROLINA MEADOWS HELD A RISE AGAINST HUNGER MEAL PACKAGING EVENT ON CAMPUS IN 2024 WHERE RESIDENTS AND EMPLOYEES DONATE THEIR TIME TO PACKAGE MEALS TO BE SHARED AROUND THE WORLD TO FIGHT HUNGER; RESIDENTS AND EMPLOYEES WORKED SIDE BY SIDE TO PACKAGE MORE THAN 30,000 MEALS. ~ DONATED KITCHEN RANGES, MICROWAVES, DISHWASHERS AND OTHER APPLIANCES TO THE HABITAT FOR HUMANITY RESTORE IN CHATHAM COUNTY ~ OUR WELLNESS DEPARTMENT ORGANIZED THREE BLOOD DRIVES WITH MORE THAN 60 RESIDENTS AND EMPLOYEES DONATING NEEDED BLOOD AND PLATELETSIN ADDITION TO OUR ROBUST CORPORATE COMMUNITY OUTREACH PROGRAM, WE PARTNER WITH THE CAROLINA MEADOWS RESIDENT ASSOCIATION THROUGH THEIR RESIDENT COMMUNITY OUTREACH COMMITTEE. THE COMMITTEE'S WORK INCLUDES: ~ RESIDENT LIAISONS WITH VARIOUS NONPROFIT ORGANIZATIONS IN CHATHAM COUNTY WHO SHARE INFORMATION AND VOLUNTEER OPPORTUNITIES ABOUT EACH GROUP WITH THE RESIDENTS. ~ THROUGH AN ADOPT A FIRST YEAR TEACHER DRIVE, RESIDENTS HELPED SET UP THE CLASSROOMS OF TWO NEW CHATHAM COUNTY PUBLIC SCHOOLS TEACHERS BY FULFILLING ITEMS FROM THEIR AMAZON WISH LISTS, DONATED AN SUV LOAD OF SCHOOL SUPPLIES TO BENEFIT STUDENTS ACROSS CHATHAM COUNTY, AND DISPERSED THESE SUPPLIES THROUGH THE TITLE 1 MIGRANT SPECIALIST AND HOMELESS FAMILIES SUPPORT TEAMS IN THE CHATHAM PUBLIC SCHOOL SYSTEM ~ THESE RESIDENT LIAISONS HELPED TO ORGANIZE AND RAISE SIGNIFICANT FUNDS IN 2024 FOR PBS NORTH CAROLINA OF APPROXIMATELY $72,000, CORA FOOD PANTRY OF APPROXIMATELY $80,000, AND THE UNITED WAY OF CHATHAM COUNTY OF APPROXIMATELY $110,000 FITNESS CENTER:FITNESS CENTER, POOL, MEDITATION LABYRINTH, NINE- HOLE GOLF COURSE, TENNIS, PICKLEBALL, TABLE TENNIS, BASKETBALL HOOP, CROQUET, AND BOCCE COURT AMENITIES WERE AVAILABLE THROUGHOUT 2024.WE OFFERED ON AVERAGE 22 CLASSES BOTH IN PERSON AND ZOOM IN OUR INDEPENDENT LIVING SETTING. DAILY CLASSES WERE OFFERED IN THE HIGHER LEVELS OF CARE 5 DAYS A WEEK. THE CLASSES OFFERED INCLUDED AEROBICS, STRETCHING, STRENGTH, YOGA, BALANCE, MEDITATION, AQUATIC, AND OTHER SPECIALTY OFFERINGS WERE HELD THROUGHOUT THE YEAR INCLUDING CAMPUS GROUP WALKS, WALKING CHALLENGES, MEDITATION EVENTS, LECTURES AND FALL PREVENTION EVENTS. INDIVIDUAL EQUIPMENT ORIENTATIONS AT NO COST. PERSONALIZED TRAINING SESSIONS IN INDEPENDENT, ASSISTED AND SKILLED SETTINGS WITH AN AVERAGE OF 44 CLIENTS. WE OFFER GOLF FITNESS TRAINING, SCREENINGS AND LESSONS. THREE OF OUR TEAM MEMBERS ARE TRAINED PARKINSONS'S WELLNESS RECOVERY AND PROGRAMS ARE OFFERED PERIODICALLY. NEW CLASS OFFERINGS IN 2024 INCLUDED ECCENTRICS AGING BACKWARDS, NIA DANCE, AND BOXING FOR MOBILITY.TWO WEEKLY CLASSES ARE OFFERED FOR EMPLOYEES AND WELLNESS CHALLENGES. AMENITIES ARE AVAILABLE FOR STAFF USE.FOUR EMPLOYEES ARE DESIGNATED FOR THE WELLNESS PROGRAM FOR ALL LEVELS OF CARE VIA ADDITIONAL SERVICES ARE PROVIDED UNDER CONTRACT INCLUDING SPECIALTY CLASS OFFERINGS INCLUDING YOGA, TAI CHI, BOXING FOR MOBILITY AND PILATES) AND NUTRITION. WE HAVE THREE CONTRACTED MASSAGE THERAPISTS TO PROVIDE IN-HOME SERVICES TO RESIDENTS IN ALL LEVELS OF CARE.DURING THE SPRING SEMESTER WE PROVIDED AN INTERNSHIP OPPORTUNITY FOR A UNC EXERCISE AND SPORT SCIENCE STUDENT.

  Expenses $45,378,024 · Grants $625,350 · Revenue $49,500,485

As filed on the 2024 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

• CAROLINA MEADOWS FOUNDATION INC

  $17,082

  GENERAL SUPPORT

• RISE AGAINST HUNGER

  $12,590

  GENERAL SUPPORT

• CHATHAM COUNTY LITERACY COUNCIL

  $12,000

  GENERAL SUPPORT

• CHAMBER FOR A GREATER CHAPEL HILL-CARBORRO

  $10,000

  GENERAL SUPPORT

• CRISTO REY RESEARCH TRIANGLE CORPORATE WORK STUDY PROGRAM INC

  $9,375

  GENERAL SUPPORT

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.

• CAROLINA MEADOWS HOME CARE INC

  501(C)(3) · HOME CARE · NC

  Directly controlled by CAROLINA MEADOWS SR COMM & SERVICES INC

• CAROLINA MEADOWS SENIOR COMMUNITIES AND SERVICES INC

  501(C)(3) · HEALTH CARE · NC

• CAROLINA MEADOWS FOUNDATION INC

  501(C)(3) · CHARITABLE FOUNDATION · NC

  Directly controlled by CAROLINA MEADOWS SR COMM & SERVICES INC

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.

Provenance

Return type

form_990

Tax year

2024

Filed

28 October 2025

IRS schema version

2024v5.2

Source object

202533029349301623

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