EIN 23-7271041

Carol Woods Retirement Community

IRS 501(c) type
501(c)(3)
Num. employees
475
Year formed
1972
Most recent tax filings
2023-12-01
Description
To provide a safe, healthful, and secure environment for persons throughout their later years, as well as to engage in cooperative research, development and education in areas encompassed by the mission.
Also known as...
The Chapel Hill Residential Retirement Center; Carol Woods Health Center
Total revenues
$35,102,132
2023
Total expenses
$34,172,779
2023
Total assets
$121,999,246
2023
Num. employees
475
2023

Program areas at Carol Woods Retirement Community

During The year, The organization provided housing, healthcare and other related services to senior residents through operation of a continuing care Retirement Community (ccrc) containing 315 independent living apartments/cottages, 59 assisted living accommodations, and a 60-bed health Center. Served an average of 600 seniors under life care arrangements, including an average of 91 living permanently in assisted living and The health Center. (continued on schedule o)additionally, The organization provided The following programs and services:- offered a ccrc without lodging program approved by The nc department of insurance. Served an average of 120 in The program over The course of The year. - continued proactive and intentional charitable care and Community benefit program, including: 1) made charitable gifts to orange county ($175,000), towns of Chapel Hill and carrboro ($105,000), and The local public schools ($30,000) to support vital services to seniors in The Community; and 2) made $694,152 in charitable gifts and financial support to other non-profit organizations pursuing missions similar to Carol Woods. - continued to provide in-kind benefits to The outside Community, including: 1) making available Carol Woods' campus and staff for a variety of educational and Community support purposes -- providing internships and other opportunities for students to learn of aging services opportunities in disciplines ranging from medical and nurse practitioner, to nursing, social work and certified nursing assistants; 2) donated building materials to The habitat restore and other items to The area thrift store.

Grants made by Carol Woods Retirement Community

GranteeGrant descriptionAmount
Local Start DentalGeriatric Dental Care for Low Income Seniors$75,000
Charles House AssociationBelow-Market Rents for Senior Day Care Center$60,000
Residential Services (RSI)To Support Seniors With Intellectual & Developmental Disabilities$50,000
...and 14 more grants made

Who funds Carol Woods Retirement Community

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Carol Woods Charitable FundReimbursement for Charitable Expenses Including Resident Assistance, Employee Development and Gifted Garden Maintenance.$80,647

Personnel at Carol Woods Retirement Community

NameTitleCompensation
Marianne RatcliffePresident and Chief Executive Officer$289,192
Kenneth G ReebVice President of Finance and Chief Financial Officer$229,208
Lizbeth TomajkoVice President of Human Resources$129,052
Jennifer WilsonVice President of Well - Being$139,977
Leah AdenijiVice President of Campus Services$122,042
...and 16 more key personnel

Financials for Carol Woods Retirement Community

RevenuesFYE 12/2023
Total grants, contributions, etc.$80,647
Program services$31,580,115
Investment income and dividends$1,564,619
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$163,500
Net gain from sale of non-inventory assets$1,713,251
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$35,102,132

Form 990s for Carol Woods Retirement Community

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-24990View PDF
2022-122023-04-10990View PDF
2021-122022-04-27990View PDF
2020-122021-05-21990View PDF
2019-122020-09-25990View PDF
...and 9 more Form 990s

Organizations like Carol Woods Retirement Community

OrganizationLocationRevenue
Masonic Homes of CaliforniaSan Francisco, CA$37,487,890
The Givens EstatesAsheville, NC$71,456,797
University Retirement Community at Davis (URC)Davis, CA$31,886,182
Hebrew SeniorlifeBoston, MA$14,582,927
SouthminsterCharlotte, NC$51,247,846
EventideMoorhead, MN$66,542,586
Fox Run Orchard ParkOrchard Park, NY$22,551,973
MasonicareWallingford, CT$31,914,782
Fleet LandingAtlantic Beach, FL$62,705,899
Orchard CoveCanton, MA$25,002,883
Data update history
May 20, 2024
Updated personnel
Identified 3 new personnel
May 18, 2024
Used new vendors
Identified 6 new vendors, including , , , , , and
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Used new vendors
Identified 5 new vendors, including , , , , and
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsNursing homesHuman service organizationsRetirement homesHeadquarter / parent organizationsCharities
Issues
Human servicesHousing
Characteristics
Political advocacyLobbyingState / local levelProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
750 Weaver Dairy Rd
Chapel Hill, NC 27514
Metro area
Durham-Chapel Hill, NC
County
Orange County, NC
Website URL
carolwoods.org/ 
Phone
(919) 968-4511
Facebook page
carolwoodsretirementcommunity 
IRS details
EIN
23-7271041
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1972
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P75: Senior Continuing Care Communities
NAICS code, primary
62331: Assisted Living and Continuing Care Retirement Communities
Parent/child status
Central organization
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