To provide housing, health care, and other services to residents through a life plan community.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Run by 80 volunteers and 549 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.1M a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $90K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$291.6M
121% of total assets
Concern: liabilities are 121% of assets; over 80%.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$53.8M
+10% vs prior year
Spent
$51.8M
To programs
88%
Net assets
−$49.9M
By yearFY2020–FY2024
Revenue
$53.8M
FY2024▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$42.2M
FY2021$43.5M
FY2022$45.3M
FY2023$48.7M
FY2024$53.8M
Expenses
$51.8M
FY2024▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$42.6M
FY2021$42.1M
FY2022$44.8M
FY2023$46.5M
FY2024$51.8M
Net assets
−$49.9M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020−$54.2M
FY2021−$50.4M
FY2022−$56.7M
FY2023−$51.5M
FY2024−$49.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1985.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $45.4M Management & general 12% · $6.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation
Medical Director
$282,343Pt VII · Sec A
Director of Finance and Accounting
$196,649Pt VII · Sec A
Vice President - Marketing
$192,765Pt VII · Sec A
VP - Physical Plant
$171,544Pt VII · Sec A
VP - Human Resources
$153,988Pt VII · Sec A
RN Nurse Supervisor
$150,377Pt VII · Sec A
President and CEO
$22,618Pt VII · Sec A
Chief Operating Officer
$3,041Pt VII · Sec A

Donna Miller’s $282K as Medical Director is at the 72nd percentile of top reported officer pay among 3122 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kevin McLeod$22,618$364,439$435,542$371,286$400,882
Donna Miller$282,343$268,943$263,080$267,238$257,387
Benjamin Cornthwaite$3,041$272,371$272,930$268,754$257,650
Gary Levine$1,883$253,794$248,191$240,488$240,311
Carolyn Twisdale$196,649$173,671———
Melissa Kass$192,765$181,293$178,367$159,047$167,475
Daniel Camara$171,544$162,007$157,104$151,164$154,356
Shelli Giardino$153,988$145,727$140,713$134,689$128,290

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Carolina Meadows INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers housing, healthcare, and life services to residents.

Questions for Carolina Meadows INC

Tap to ask. Carolina Meadows INC sees how many people are interested.

Your first name shows with your question. Carolina Meadows INC answers here, for everyone.

Provided by the organization

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1 program · $45.4M · in their own filed words · FY2024
01

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.

$45.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$90K
Grants paid · 27 grants · $2.2M · 2020–2024
Unitemized GrantFY2024$493,781
Unitemized GrantFY2024$24,004
Rise Against Hunger INCNC · FY2024$12,590
Unitemized GrantFY2023$237,792
Unitemized GrantFY2023$12,895
Rise Against Hunger INCNC · FY2023$12,000
Unitemized GrantFY2022$234,661
Rise Against Hunger INCNC · FY2022$11,400
Unitemized GrantFY2021$351,266
See all 27 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$53.8M
Ln 12
Fees for servicesLn 2g$49.5M
Investment incomeLn 3$4.1M
Gifts and grantsLn 1h$107K
Money outPt IX
$51.8M
Ln 25
Programscol B$45.4M
Managementcol C$6.4M
Owns and owesPt X
−$49.9M
net assets · Ln 32
Cash and savingsLn 1–2$4.7M
Total assetsLn 16$241.7M
LiabilitiesLn 26$291.6M
PeoplePt VI, VII
24
listed · VII A
PaidVII A9
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$107K
Fees for servicesLn 2g$49.5M
Investment incomeLn 3$4.1M
Other incomeLn 4–11$93K
Gains on assetsLn 7$2.6M
Total revenueLn 12$53.8M
Assets in detailPt X, end of year
CashLn 1$4.7M
Cash and savings togetherLn 1–2$4.7M
InvestmentsLn 11–13$113.7M
Land, buildings, equipmentLn 10c$118.3M
Other assetsLn 15$1.3M
Total assetsLn 16$241.7M
LiabilitiesLn 26$291.6M
Net assetsLn 32−$49.9M
OperationsPt I, VI
EmployeesI 5549
VolunteersI 680
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$6.4M$4.7M
InvestmentsLn 11–13$37.5M$113.7M
Land, buildings, equipmentLn 10c$107.3M$118.3M
Total assetsLn 16$155.7M$241.7M
LiabilitiesLn 26$207.2M$291.6M
Net assetsLn 32−$51.5M−$49.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$88K$88K
Grants to domestic individualsLn 2$538K$538K
Pay of current officers, directors and key staffLn 5$330K$73K$257K
Other salaries and wagesLn 7$19.9M$18.9M$1.0M
Pension plan contributionsLn 8$473K$386K$87K
Other employee benefitsLn 9$3.4M$3.2M$196K
Payroll taxesLn 10$1.4M$1.2M$230K
Management feesLn 11a$2.5M$2.5M
Legal feesLn 11b$62K$44K$18K
Accounting feesLn 11c$79K$79K
Investment management feesLn 11f$193K$193K
Other fees for servicesLn 11g$3.3M$3.3M$27K
Advertising and promotionLn 12$46K$10K$36K
Office expensesLn 13$1.6M$1.4M$173K
Information technologyLn 14$37K$37K
OccupancyLn 16$3.5M$2.4M$1.1M
TravelLn 17$201K$130K$71K
Conferences, conventions and meetingsLn 19$44K$26K$19K
InterestLn 20$139K$139K
Depreciation, depletion and amortizationLn 22$6.3M$6.3M
InsuranceLn 23$32K$32K
Other expenses (24a–d)Ln 24$6.8M$6.8M
All other expensesLn 24e$835K$423K$411K
Total functional expensesLn 25$51.8M$45.4M$6.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $53.8M$51.8M$2.0M−$49.9M 990 PDF
FY2023 $48.7M$46.5M$2.3M−$51.5M 990 PDF
FY2022 $45.3M$44.8M$503K−$56.7M 990 PDF
FY2021 $43.5M$42.1M$1.4M−$50.4M 990 PDF
FY2020 $42.2M$42.6M−$418K−$54.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $53,823,607 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $250$107,082
I-9 Program service revenuePrior year $47,125,775$49,500,485
I-10 Investment incomePrior year $1,468,172$4,123,193
I-11 Other revenuePrior year $130,543$92,847
I-12 Total revenuePrior year $48,724,740$53,823,607
I-13 Grants and similar amounts paidPrior year $321,865$625,350
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $25,121,205$25,555,954
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $21,025,026$25,640,928
I-18 Total expensesPrior year $46,468,096$51,822,232
I-19 Revenue less expensesPrior year $2,256,644$2,001,375
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $53,823,607 across 9 lines filed
Lines not itemized here account for $1,626,079 of total revenue; see the IRS return.
VIII-1d Related organizations$90,000
VIII-1f All other contributions, gifts and grants$17,082
VIII-1h Total contributions, gifts and grants$107,082
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $47,874,406$47,874,406
VIII-3 Investment incomeExcluded from tax $1,502,412$1,502,412
VIII-6 Net rental income or lossExcluded from tax $12,745$12,745
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,620,781$2,620,781
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $80,102$80,102
VIII-12 Total revenueRelated to mission $49,500,485 · Unrelated business $0 · Excluded from tax $4,216,040$53,823,607
Part IX · Statement of functional expenses $51,822,232 across 23 lines filed
IX-1 Grants to domestic organizationsPrograms $87,561$87,561
IX-2 Grants to domestic individualsPrograms $537,789$537,789
IX-5 Pay of current officers, directors and key staffPrograms $72,583 · Management $257,341$329,924
IX-7 Other salaries and wagesPrograms $18,894,022 · Management $1,002,675$19,896,697
IX-8 Pension plan contributionsPrograms $385,828 · Management $87,412$473,240
IX-9 Other employee benefitsPrograms $3,223,134 · Management $196,312$3,419,446
IX-10 Payroll taxesPrograms $1,206,639 · Management $230,008$1,436,647
IX-11a Management feesManagement $2,459,150$2,459,150
IX-11b Legal feesPrograms $43,999 · Management $17,617$61,616
IX-11c Accounting feesManagement $78,667$78,667
IX-11f Investment management feesManagement $193,442$193,442
IX-11g Other fees for servicesPrograms $3,253,087 · Management $26,963$3,280,050
IX-12 Advertising and promotionPrograms $10,067 · Management $35,972$46,039
IX-13 Office expensesPrograms $1,411,623 · Management $172,702$1,584,325
IX-14 Information technologyManagement $37,092$37,092
IX-16 OccupancyPrograms $2,384,321 · Management $1,147,650$3,531,971
IX-17 TravelPrograms $129,840 · Management $71,277$201,117
IX-19 Conferences, conventions and meetingsPrograms $25,674 · Management $18,637$44,311
IX-20 InterestPrograms $139,346$139,346
IX-22 Depreciation, depletion and amortizationPrograms $6,294,146$6,294,146
IX-23 InsurancePrograms $31,521$31,521
IX-24 Other expenses (24a–d)Programs $6,823,628$6,823,628
IX-24e All other expensesPrograms $423,216 · Management $411,291$834,507
IX-25 Total functional expensesPrograms $45,378,024 · Management $6,444,208 · Fundraising $0$51,822,232
Part X · Balance sheet $241,729,000 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $6,357,129$4,685,869
X-4 Accounts receivableStart of year $2,350,108$2,804,377
X-8 Inventories for sale or useStart of year $397,156$409,929
X-9 Prepaid expenses and deferred chargesStart of year $445,346$511,071
X-10c Land, buildings and equipment, netStart of year $107,308,691$118,321,876
X-12 Other securitiesStart of year $37,534,903$113,684,781
X-15 Other assetsStart of year $1,269,824$1,311,097
X-16 Total assetsStart of year $155,663,157$241,729,000
X-17 Accounts payable and accrued expensesStart of year $5,300,281$7,121,755
X-20 Tax-exempt bond liabilitiesStart of year $9,680,309$86,803,961
X-25 Other liabilitiesStart of year $191,679,557$197,179,021
X-26 Total liabilitiesStart of year $207,187,355$291,595,016
X-27 Net assets without donor restrictionsStart of year −$51,524,198−$49,866,016
X-32 Total net assets or fund balancesStart of year −$51,524,198−$49,866,016
X-33 Total liabilities and net assetsStart of year $155,663,157$241,729,000
Part XI · Reconciliation of net assets −$49,866,016 net assets at year end
XI-1 Total revenue$53,823,607
XI-2 Total expenses$51,822,232
XI-3 Revenue less expenses$2,001,375
XI-4 Net assets at start of year−$51,524,198
XI-5 Net unrealized gains (losses) on investments−$355,704
XI-9 Other changes in net assets$12,511
XI-10 Net assets at end of year−$49,866,016

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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