Form 990 for tax year 2024

Totals

Total revenue

$389,933

Total expenses

$262,435

Contributions and grants received

$389,905

Grants paid

$255,272

Program service revenue

$0

Investment income

$28

Other revenue

$0

Total assets, end of year

$2,653,619

Total liabilities, end of year

$0

Net assets or fund balances, end of year

$2,653,619

Program services expenses (Part IX)

$255,272

Management and general expenses

$7,163

Fundraising expenses

$0

Program service expenses (Part III)

$255,272

Program services were 97.3% 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

• AS A SUPPORTING CORPORATION TO THE CAROL WOODS RETIREMENT COMMUNITY, SUPPORT WAS PROVIDED IN VARIOUS WAYS. THE CHARITABLE FUND PROVIDED APPROXIMATELY $82,000 IN SUPPORT TO VARIOUS CAMPUS NEEDS OF CAROL WOODS, INCLUDING MAINTENANCE OF GIFTED GARDENS. IT PROVIDED APPROXIMATELY $48,000 IN SUPPORT OF CAROL WOODS' TUITION ASSISTANCE PROGRAM FOR CAREER GROWTH OF CAROL WOODS' EMPLOYEES AND FOR WORKFORCE DEVELOPMENT. IT PROVIDED APPROXIMATELY $13,000 IN ASSISTANCE TO EMPLOYEES EXPERIENCING FINANCIAL HARDSHIP THROUGH A STAFF HARDSHIP FUND. IT PROVIDED APPROXIMATELY $88,000 IN SUPPORT OF THE CAROL WOODS RESIDENT ASSOCIATION, SUPPORTING THE BUDGETS OF A VARIETY OF RESIDENT COMMITTEES INVOLVED IN ENRICHING THE LIVES OF THE RESIDENTS OF THE CONTINUED ON SCHEDULE OCOMMUNITY. AND FINALLY, IT PROVIDED APPROXIMATELY $25,000 TO SUPPORT THE COST OF CARE FOR RESIDENTS THAT HAVE LIMITED RESOURCES.

  Expenses $255,272 · Grants $255,272

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

• THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC

  $167,761

  REIMBURSEMENT FOR CHARITABLE EXPENSES INCLUDING RESIDENT ASSISTANCE, EMPLOYEE DEVELOPMENT AND GIFTED GARDEN MAINTENANCE.

• THE CAROL WOODS RESIDENT ASSOCIATION

  $87,511

  SUPPORT FOR RESIDENT ACTIVITIES THROUGH ANNUAL COUNCIL BUDGET.

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.

• THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC

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

Provenance

Return type

form_990

Tax year

2024

Filed

25 April 2025

IRS schema version

2024v5.1

Source object

202501199349300035

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.