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Nonprofiteer
← CAROLINA SENIOR LIVING

Form 990 for tax year 2023

Filed by CAROLINA SENIOR LIVING.

Totals

Total revenue
$269,564
Total expenses
$455,538
Contributions and grants received
$128,063
Grants paid
$0
Program service revenue
$128,439
Investment income
$6,363
Other revenue
$6,699
Total assets, end of year
$3,529,680
Total liabilities, end of year
$195,378
Net assets or fund balances, end of year
$3,334,302
Program services expenses (Part IX)
$422,124
Management and general expenses
$33,414
Fundraising expenses
$0
Program service expenses (Part III)
$422,124

Program services were 92.7% 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.

  • 1d · Related organizations

    $967

  • 1e · Government grants (contributions)

    $124,096

  • 1f · All other contributions, gifts and grants

    $3,000

  • 2a · Program service revenue: RENTAL REVENUE

    total $128,439 · related or exempt $128,439

  • 3 · Investment income

    total $9,744 · excluded $9,744

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

    other assets $3,381

  • 7c · Gain or loss

    other assets -$3,381

  • 7d · Net gain or loss

    total -$3,381 · excluded -$3,381

  • 11a · Other revenue: LAUNDRY AND VENDING RE

    total $5,225 · related or exempt $5,225

  • 11b · Other revenue: TENANT CHARGES

    total $1,444 · related or exempt $1,444

  • 11c · Other revenue: MISC REVENUE

    total $30 · related or exempt $30

  • 11e · Other revenue, total

    $6,699

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $25,508 · management and general $25,508

  • 11c · Fees: accounting

    total $10,856 · program services $9,686 · management and general $1,170

  • 12 · Advertising and promotion

    total $76 · program services $76

  • 13 · Office expenses

    total $11,309 · program services $4,573 · management and general $6,736

  • 16 · Occupancy

    total $158,092 · program services $158,092

  • 17 · Travel

    total $3,227 · program services $3,227

  • 19 · Conferences, conventions and meetings

    total $1,312 · program services $1,312

  • 22 · Depreciation, depletion and amortization

    total $114,240 · program services $114,240

  • 23 · Insurance

    total $14,005 · program services $14,005

  • 24a · Other expenses: PAYROLL REIMBURSEMENT

    total $83,640 · program services $83,640

  • 24b · Other expenses: EMPLOYEE BENEFITS REIMB

    total $28,177 · program services $28,177

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $5,096 · program services $5,096

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,377 · end of year $10,442

  • 2 · Savings and temporary cash investments

    beginning of year $597,279 · end of year $580,799

  • 4 · Accounts receivable

    beginning of year $4,611 · end of year $31,047

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,371 · end of year $1,428

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

    $4,019,195

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

    $1,125,809

  • 10c · Land, buildings and equipment, net

    beginning of year $2,968,398 · end of year $2,893,386

  • 15 · Other assets

    beginning of year $15,362 · end of year $12,578

  • 17 · Accounts payable and accrued expenses

    beginning of year $63,043 · end of year $182,456

  • 19 · Deferred revenue

    beginning of year $49 · end of year $228

  • 25 · Other liabilities

    beginning of year $12,030 · end of year $12,694

  • 27 · Net assets without donor restrictions

    beginning of year $3,520,276 · end of year $3,334,302

Mission and programs · 2023

Mission

TO PROVIDE ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

Activities or mission (Part I)

TO PROVIDE ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

  • THE ORGANIZATION OWNS AND OPERATES A 30-UNIT APARTMENT COMPLEX FOR THE ELDERLY IN LEXINGTON, NC, UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.

    Expenses $422,124 · Revenue $135,138

As filed on the 2023 return.

Listed in Part VII

  • CORY TOBIN

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • JESSE CLANTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • TERESA COOPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • LARRY COVINGTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • WALTER HOFFMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • MICHELLE POOLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • VICTOR TAYLOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • LISA WARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • MARY WORSLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • LEE SYRIA

    PRESIDENT/CEO

    Total calculated
    $541,411
    From this org
    $0
    From related orgs
    $492,511
    Other
    $48,900
    Hours/week
    0.25 + 39.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $492,511 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $44,923 related
    Nontaxable benefits
    $0 + $3,977 related
    Filer's total
    $0 + $541,411 related

  • JEANNETTE BRECKENRIDGE

    DIRECTOR OF HOUSING SERVICES

    Total calculated
    $171,026
    From this org
    $0
    From related orgs
    $154,209
    Other
    $16,817
    Hours/week
    0.25 + 39.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,209 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,304 related
    Nontaxable benefits
    $0 + $513 related
    Filer's total
    $0 + $171,026 related

  • TAMMY JONES

    CHIEF FINANCIAL OFFICER

    Total calculated
    $247,101
    From this org
    $0
    From related orgs
    $214,891
    Other
    $32,210
    Hours/week
    0.25 + 39.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $214,891 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $24,779 related
    Nontaxable benefits
    $0 + $7,431 related
    Filer's total
    $0 + $247,101 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

None.

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)

PART I, LINE 3
CEMO WAGE SURVEY IS CONDUCTED BY EVERYAGE, AND THEIR INDEPENDENT CONSULTANT, CLIFTONLARSONALLEN DOES AN ANNUAL REVIEW OF THE CEO AND SENIOR LEADERSHIP SALARIES WHICH IS REPORTED TO THE BOARD OF DIRECTORS.

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.

  • EVERYAGE

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · NC

  • ALBEMARLE OLDER ADULT HOUSING INC

    501(C)(3) · APARTMENT FACILITY FOR THE ELDERLY · NC

    Directly controlled by EVERYAGE

  • STATESVILLE ELDERLY HOUSING INC

    501(C)(3) · APARTMENT FACILITY FOR THE ELDERLY · NC

    Directly controlled by EVERYAGE

  • EVERYAGE FOUNDATION

    501(C)(3) · FUND AND SUPPORT THE OPERATIONS AND PROGRAMS OF EVERYAGE · NC

    Directly controlled by EVERYAGE

  • EA HOLDING

    501(C)(3) · SUPPORT THE OPERATIONS AND PROGRAMS OF EVERYAGE · NC

    Directly controlled by EVERYAGE

  • LAKE PRINCE CENTER

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · NC

    Directly controlled by EVERYAGE

  • ELDERHAUS

    501(C)(3) · PROGRAM OF DAY CARE AND HEALTH SERVICES FOR THE ELDERLY · NC

    Directly controlled by CAROLINA SENIORCARE

  • CAROLINA SENIORCARE

    501(C)(3) · PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY · NC

    Directly controlled by EVERYAGE

  • NEW BERN OLDER ADULT HOUSING

    501(C)(3) · APARTMENT FACILITY FOR THE ELDERLY · NC

    Directly controlled by EVERYAGE

Provenance

Return type
form_990
Tax year
2023
Filed
8 August 2025
IRS schema version
2023v6.0
Source object
202522209349300522

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