Form 990 for tax year 2024
Filed by CAROLINA MEADOWS SENIOR COMMUNITIES & SERVICES INC.
Totals
- Total revenue
- $2,459,988
- Total expenses
- $1,310,380
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,459,150
- Investment income
- $0
- Other revenue
- $838
- Total assets, end of year
- $1,458,727
- Total liabilities, end of year
- $490,435
- Net assets or fund balances, end of year
- $968,292
- Program services expenses (Part IX)
- $1,310,380
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,310,380
Program services were 100.0% 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.
-
2a · Program service revenue: MANAGEMENT REVENUE
total $2,459,150 · related or exempt $2,459,150
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $838 · related or exempt $838
-
11e · Other revenue, total
$838
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,145,837 · program services $1,145,837
-
8 · Pension plan contributions
total $60,847 · program services $60,847
-
9 · Other employee benefits
total $56,063 · program services $56,063
-
10 · Payroll taxes
total $47,633 · program services $47,633
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $1,458,727
-
17 · Accounts payable and accrued expenses
end of year $285,453
-
25 · Other liabilities
beginning of year $181,316 · end of year $204,982
-
27 · Net assets without donor restrictions
beginning of year -$181,316 · end of year $968,292
Mission and programs · 2024
Mission
CAROLINA MEADOWS SENIOR COMMUNITIES AND SERVICES, INC. SUPPORTS CAROLINA MEADOWS, INC. ("CMI"), AN EXEMPT 501(C)(3) CONTINUING CARE RETIREMENT COMMUNITY, AS ITS MANAGEMENT AND ADMINISTRATIVE SERVICE PROVIDER AND WILL EVENTUALLY EMPLOY THE COMMON MANAGEMENT TEAM WHICH FOCUSES ON STRATEGIC PLANNING ISSUES AND OPPORTUNITIES RELATED TO CARING FOR THE ELDERLY, THIS ALLOWS CMI TO FOCUS ON ITS OWN TAX EXEMPT MISSION INCLUDING PROVIDING HOUSING, HEALTH CARE AND OTHER RELATED SERVICES TO THE ELDERLY.
Activities or mission (Part I)
SUPPORT CAROLINA MEADOWS INC. AS ITS MANAGEMENT AND ADMINISTRATIVE SERVICES PROVIDER.
-
MANAGERIAL AND ADMINSTRATIVE SUPPORT PROVIDED BY THE COMMON MANAGEMENT TEAM FOR THE ORGANIZATION TO CAROLINA MEADOWS, INC., CAROLINA MEADOWS FOUNDATION, INC., AND CAROLINA MEADOWS HOME CARE, INC.
Expenses $1,310,380 · Revenue $2,459,988
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rosemary WaldorfROSEMARY WALDORF
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Judith KramerJUDITH KRAMER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Robin McDuffieROBIN MCDUFFIE
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Kim AllenKIM ALLEN
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Dr BryanDR BRYAN
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Nancy CheschierNANCY CHESCHIER
MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 3 related
-
Greg Herman-GiddensGREG HERMAN-GIDDENS
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Dick HoffertDICK HOFFERT
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Ralph KarpinosRALPH KARPINOS
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Aaron SilverstoneAARON SILVERSTONE
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Rose SnipesROSE SNIPES
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Hugh TilsonHUGH TILSON
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 6 related
-
Kevin TunickKEVIN TUNICK
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Kevin McLeodKEVIN MCLEOD
PRESIDENT AND CEO
- Total calculated
- $485,562
- From this org
- $440,503
- From related orgs
- $22,618
- Other
- $22,441
- Hours/week
- 2 + 46 related
Schedule J breakdown matched by us
- Base
- $386,174 + $22,618 related
- Bonus
- $41,481
- Other
- $12,848
- Deferred
- $19,492
- Nontaxable benefits
- $2,949
- Filer's total
- $462,944 + $22,618 related
-
Gary LevineGARY LEVINE
EXECUTIVE VICE PRESIDENT AND CFO
- Total calculated
- $304,576
- From this org
- $280,358
- From related orgs
- $1,883
- Other
- $22,335
- Hours/week
- 2 + 46 related
Schedule J breakdown matched by us
- Base
- $244,317 + $1,883 related
- Bonus
- $29,425
- Other
- $6,616
- Deferred
- $12,719
- Nontaxable benefits
- $9,616
- Filer's total
- $302,693 + $1,883 related
-
Benjamin CornthwaiteBENJAMIN CORNTHWAITE
COO
- Total calculated
- $323,169
- From this org
- $292,084
- From related orgs
- $3,041
- Other
- $28,044
- Hours/week
- 1 + 47 related
Schedule J breakdown matched by us
- Base
- $256,498 + $3,041 related
- Bonus
- $29,425
- Other
- $6,161
- Deferred
- $13,694
- Nontaxable benefits
- $14,350
- Filer's total
- $320,128 + $3,041 related
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 · 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
No itemized grants to organizations on this return.
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.
-
501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · NC
Directly controlled by CAROLINA MEADOWS SR COMM & SERVICES INC
-
CAROLINA MEADOWS HOME CARE INC
501(C)(3) · HOME CARE · NC
Directly controlled by CAROLINA MEADOWS SR COMM & SERVICES INC
-
CAROLINA MEADOWS FOUNDATION INC
501(C)(3) · CHARITABLE FOUNDATION · NC
Directly controlled by CAROLINA MEADOWS SR COMM & SERVICES INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 23 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503029349301405
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