GALLOWAY RIDGE INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- GALLOWAY RIDGE INC (EIN 56-2277623)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-08-02
- IRS object ID
- 201102149349300900
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-08-02T14:22:58-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DIXON HUGHES GOODMAN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 RIDGEFIELD COURT | AddressLine1 |
| City | ASHEVILLE | City |
| State | NC | State |
| ZIP Code | 28806 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 562277623 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GALLOWAY RIDGE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GALL | NameControl |
| Phone | 9195452215 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3000 GALLOWAY RIDGE | AddressLine1 |
| City | PITTSBORO | City |
| State | NC | State |
| ZIP Code | 27312 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DALE OLBRICH | Name |
| Title | TREASURER | Title |
| Phone | 9195452215 | Phone |
| Date Signed | 2011-08-02 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | AMY BIBBY | Name |
| Phone | 8282542254 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DALE OLBRICH | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3000 GALLOWAY RIDGE | AddressLine1 |
| City | PITTSBORO | City |
| State | NC | State |
| ZIP Code | 27312 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 19557147 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.GALLOWAYRIDGE.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2001 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | OPERATION OF CONTINUING CARE RETIREMENT COMMUNITY | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 16 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 16 | NbrIndependentVotingMembers |
| Total Nbr Employees | 327 | TotalNbrEmployees |
| Total Nbr Volunteers | 151 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 129035 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 245423 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 17944731 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 19092296 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 177198 | InvestmentIncomePriorYear |
| Investment Income Current Year | 79424 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 71689 | OtherRevenuePriorYear |
| Other Revenue Current Year | 140004 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 18322653 | TotalRevenuePriorYear |
| Total Revenue Current Year | 19557147 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 55529 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 14417 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 6098612 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 6573574 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 12352626 | OtherExpensePriorYear |
| Other Expenses Current Year | 12171448 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 18506767 | TotalExpensesPriorYear |
| Total Expenses Current Year | 18759439 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -184114 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 797708 | RevenuesLessExpensesCY |
| Total Assets BOY | 101411399 | TotalAssetsBOY |
| Total Assets EOY | 143212712 | TotalAssetsEOY |
| Total Liabilities BOY | 119582701 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 161385515 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -18171302 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -18172803 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE MISSION OF GALLOWAY RIDGE IS TO PROVIDE A RETIREMENT COMMUNITY OF SUPERIOR QUALITY TO THOSE INDIVIDUALS WHO ENTRUST GALLOWAY RIDGE WITH THEIR FUTURE HEALTH, SOCIAL, SPIRITUAL AND RECREATIONAL NEEDS AND WHO WISH TO CONTINUE THE STANDARD OF LIVING THEY PREVIOUSLY ENJOYED. GALLOWAY RIDGE SHALL STRIVE TO PROVIDE A COMPLEMENT OF SERVICES IN A CARING, SUPPORTIVE AND ATTRACTIVE ATMOSPHERE THROUGH DEDICATED PROFESSIONALS. THE RESPECT AND EMPATHY FOR THE INDIVIDUALITY, PRIVACY, AND INDEPENDENCE OF THE RESIDENTS ARE PARAMOUNT IMPORTANCE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 14389327 | Expense |
| Grants | 14417 | Grants |
| Revenue | 19092296 | Revenue |
| Description | GALLOWAY RIDGE, INC. PROVIDED HOUSING, HEALTHCARE, AND OTHER RELATED SERVICES TO RESIDENTS THROUGH THE OPERATION OF A RESIDENT FACILITY CONTAINING 233 INDEPENDENT LIVING UNITS, 22 ASSISTED LIVING UNITS, AND 16 SKILLED NURSING UNITS. GALLOWAY RIDGE WELCOMED ITS FIRST RESIDENTS IN 2005 WITH A MISSION OF PROVIDING ITS RESIDENTS SUPERIOR SERVICES AT A REASONABLE COST AND STRIVING TO PROVIDE A COMPLEMENT OF SERVICES TO SUPPORT THE RESIDENT'S HEALTH, SOCIAL, SPIRITUAL AND RECREATIONAL NEEDS. SINCE INCEPTION, GALLOWAY RIDGE HAS PAID PROPERTY TAXES TO CHATHAM COUNTY IN A TOTAL AMOUNT EQUAL TO $2,264,993, $436,778 OF WHICH WAS PAID MOST RECENTLY IN 2010. IN ADDITION TO PAYING PROPERTY TAXES, GALLOWAY RIDGE HAS CONSISTENTLY ENGAGED IN A VARIETY OF OTHER CHARITABLE EFFORTS AND CONTRIBUTIONS. IN 2010, GALLOWAY RIDGE ASSISTED RESIDENTS WHO COULD NOT PAY THEIR MONTHLY SERVICE FEE ($21,734), ALLOWED EMPLOYEES TO DONATE TIME TO LOCAL NON PROFITS ($3,580), COMPLETED ITS PLEDGE TO THE PITTSBORO LIBRARY ($6,667), SUPPORTED ITS EMPLOYEES WITH ACADEMIC SCHOLARSHIPS ($7,750), PROVIDED FITNESS MEMBERSHIPS TO ITS EMPLOYEES ($168,672) AND NON CASH DONATIONS TO LOCAL NON PROFITS ($10,125). GALLOWAY RIDGE WAS ABLE TO MAKE THE FOLLOWING CASH COMMITMENTS TO LOCAL NON PROFITS ($55,000). SOON AFTER OPENING, IN 2006, THE GALLOWAY RIDGE CHARITABLE FUND WAS ESTABLISHED AT THE RECOMMENDATION OF THE BOARD OF DIRECTORS' SOCIAL ACCOUNTABILITY COMMITTEE, A STANDING COMMITTEE OF THE BOARD. THE CHARITABLE FUND WAS ORGANIZED AND CONTINUES TO OPERATE FOR THE FOLLOWING PURPOSES:(A) TO CARRY OUT THE MISSION OF GALLOWAY RIDGE AS STATED IN THE GALLOWAY RIDGE BYLAWS.(B) TO PROVIDE OR FUND CHARITY CARE, DEFINED AS THE UNREIMBURSED COSTS TO GALLOWAY RIDGE OF PROVIDING HEALTH CARE, HOUSING OR OTHER SERVICES TO RESIDENTS WHO ARE UNINSURED, UNDERINSURED OR OTHERWISE UNABLE TO PAY FOR ALL OR PART OF THE SERVICES RENDERED.(C) TO PROVIDE OR FUND COMMUNITY BENEFITS, DEFINED AS THE UNREIMBURSED COSTS TO GALLOWAY RIDGE OF PROVIDING THE FOLLOWING:- SERVICES, INCLUDING HEALTH, RECREATION, COMMUNITY RESEARCH, AND EDUCATION ACTIVITIES PROVIDED TO THE COMMUNITY AT LARGE, INCLUDING THE ELDERLY;- CHARITABLE DONATIONS;- DONATED VOLUNTEER SERVICES; AND- DONATIONS AND VOLUNTARY PAYMENTS TO GOVERNMENT AGENCIES.(D) TO SOLICIT, RECEIVE, ADMINISTER, INVEST AND DISTRIBUTE FUNDS FOR THE PURPOSES LISTED ABOVE.CONTRIBUTIONS TO THE GALLOWAY RIDGE CHARITABLE FUND MAY BE DESIGNATED FOR ANY OF THREE PURPOSES:- SUPPORT FOR GALLOWAY RIDGE RESIDENTS WHO MAY NEED ASSISTANCE WITH FEES IN THE FUTURE BECAUSE OF A DIFFICULT FINANCIAL CIRCUMSTANCE;- SUPPORT OF THE CHATHAM COMMUNITY; AND- PROVISION OF SCHOLARSHIPS FOR EMPLOYEES OF GALLOWAY RIDGE.GALLOWAY RIDGE, ALTHOUGH STILL IN ITS EARLY YEARS, AND ITS RESIDENTS HAVE FOSTERED AND ESTABLISHED RELATIONSHIPS WITH NUMEROUS AGENCIES AND ORGANIZATIONS THROUGHOUT THE COMMUNITY INCLUDING THE FOLLOWING:- BRIAN CHAPEL CONSULTING, MEALS ON WHEELS- CCAHT TASK FORCE MEETING, NORTH CHATHAM SCHOOL- CHAPEL IN THE PINES, PITTSBORO FRIENDS- CHATHAM COUNTY DEMOCRATIC WOMEN, PITTSBORO PUBLIC LIBRARY- CHATHAM COUNTY DEMOCRATS, READING PROGRAM @ PITTSBORO ELEM.- CHATHAM COUNTY HUMAN RELATIONS COMMISSION, SECOND BLOOM THRIFT STORE- CHATHAM HOUSING COALITION, ST. BARTHOLOMEW'S- CHATHAM OUTREACH ALLIANCE FOOD PANTRY, ST. JULIA CHURCH, SILER CITY- COMMUNITY EDUCATION FOUNDATION, ST. THOMAS MOORE CHURCH- COMMUNITY INDEPENDENT SCHOOL, TUTORING AT SCROGGS SCHOOL- COMMUNITY KITCHEN CHAPEL HILL, UNC HOSPITAL/HOSPICE VOLUNTEER- CONTINUING CARE COMMUNITY RESIDENTS, UNC LIBRARY- CORNUCOPIA HOUSE, UNC TOUR- DEEP RIVER MEDIATION, UNITED METH. RET. HOME FOUNDATION- DUKE UNIVERSITY HEART CENTER, UNITED WAY- DUKE UNIVERSITY HOSPITAL VOLUNTEER VISITOR, UNIVERSITY UNITED METHODIST CHURCH- EMPOWERMENT HOUSING CONSULTANT, VILLAGE VOICES- ENGLISH AS A SECOND LANGUAGE TUTOR, MCDOUGAL ELEMENTARY SCHOOL LIBRARY- EUCHARISTIC MINISTER, HABITAT HOME STORE- FEARRINGTON CARES, FHA OFFICE- FEARRINGTON HOUSE, FEARRINGTON WOMAN'S CLUB- WOODS CHARTER SCHOOL, SENIOR CENTER OF CHATHAM COUNTY- LINDBERGER CENTER FOR CANCER RESEARCH, CHATHAM CO. SOCIAL SVCS DEPT.IN 2010, GALLOWAY RIDGE NOT ONLY SUPPORTED THE ABOVE MENTIONED ORGANIZATIONS BY FOSTERING AN ENVIRONMENT THAT SUPPORTED AND ENCOURAGED ITS RESIDENTS AND EMPLOYEES TO VOLUNTEER, IT WAS ALSO ABLE TO MAKE THE FOLLOWING SPECIFIC DONATIONS:- FRIENDS OF PITTSBORO MEMORIAL LIBRARY ($6,667)GALLOWAY RIDGE WAS ALSO ABLE TO MAKE THE FOLLOWING CASH COMMITMENTS:- ST. JULIA CATHOLIC CHURCH BROWN BAG MINISTRIES ($10,000)- VIRGINIA CROSS ELEMENTARY SCHOOL ($8,000)- PITTSBORO ELEMENTARY SCHOOL PTA ($5,400)- CHATHAM HABITAT FOR HUMANITY ($5,000)- NORTHWOOD HIGH SCHOOL ($5,000)- BOYS AND GIRLS CLUBS OF EASTERN PIEDMONT ($5,000)- CHATHAM LITERACY COUNCIL ($4,000)- INTERFAITH MINISTRIES OF CHATHAM COUNTY ($3,000)- BYNUM FRONT PORCH ($3,000)- MONCURE FUEL UP ($2,000)- THE OSMAN FOUNDATION ($1,700)- CHATHAM SOCCER LEAGUE ($1,600)- CHATHAM COUNTY MIDDLE SCHOOL ($850)- HORTON MIDDLE SCHOOL ($450)ADDITIONALLY, GALLOWAY RIDGE CONTINUES TO SUPPORT ITS EMPLOYEES IN A VARIETY OF WAYS, INCLUDING BUT NOT LIMITED TO PROVIDING:- FITNESS MEMBERSHIPS FOR GALLOWAY RIDGE EMPLOYEES ($168,672)- EDUCATIONAL SCHOLARSHIPS TO GALLOWAY RIDGE EMPLOYEES ($7,750) | Description |
| Total Program Service Expense | 14389327 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 46 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 327 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form1098 C Filed | 1 | Form1098CFiled |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 16 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 16 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VICKI P BARRINGER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9195452608 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3000 GALLOWAY RIDGE | AddressLine1 |
| City | PITTSBORO | City |
| State | NC | State |
| ZIP Code | 27312 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (19 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| SYLVANUS NYE | |||||||
| PRESIDENT | 1.00 | X | X | 0 | 0 | 0 | |
| DAVID MCGRAIN | |||||||
| VICE PRESIDENT | 1.00 | X | X | 0 | 0 | 0 | |
| DAVID KIMBALL | |||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 | |
| LAWRENCE GROSSBERG | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| LIDA COLEMAN | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| LUTHER HODGES JR | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| RHODES CRAVER | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DALE OLBRICH | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DIANE TAYLOR | |||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 | |
| RHODA BERKOWITZ | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| BILL BROWDER | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| RICHARD CRAFTS | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MARY HAMMOND | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| HEATHER RODIN | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| PHILIP STOUT | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| CLAUDE YOUNG JR | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| JASON CRONK | |||||||
| ASST. SECRETARY/EXECUTIVE | 50.00 | X | 227138 | 0 | 22640 | ||
| VICKI BARRINGER | |||||||
| CHIEF FINANCIAL OFFICER | 50.00 | X | 102359 | 0 | 6894 | ||
| DOUG OLIVER | |||||||
| ASSOC. EX DIRECTOR/ADMINISTRATION | 50.00 | 118225 | 0 | 7325 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 447722 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 36859 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| BB&T CAPITAL MARKETS | |||||
| 901 E BYRD STREET | RICHMOND | VA | 23219 | UNDERWRITER | 1726751 |
| CSRALCS MANAGEMENT LLC | |||||
| 400 LOCUST STREET STE 820 | DES MOINES | IA | 50309 | MANAGEMENT COMPANY | 1685357 |
| REHAB CARE GROUP INC | |||||
| PO BOX 503534 | ST LOUIS | MO | 63150 | CONTRACT THERAPY SERVICES | 709457 |
| CALLOWAY JOHNSON MOORE WEST | |||||
| 119 BROOKSTOWN AVENUE SUITE 100 | WINSTONSALEM | NC | 27101 | ARCHITECT | 656724 |
| WEAVER COOKE | |||||
| PO BOX 26030 | GREENSBORO | NC | 27420 | CONSTRUCTION | 650901 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
| All Other Contributions | 245423 | AllOtherContributions |
| Total Contributions | 245423 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | RESIDENT SERVICES | Description |
| Business Code | 623000 | BusinessCode |
| Total Revenue Column | 19092296 | TotalRevenueColumn |
| Related Or Exempt Function Income | 19092296 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 19092296 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 79424 | TotalRevenueColumn |
| Exclusion | $79,424 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 18370 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 18370 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 18370 | TotalRevenueColumn |
| Exclusion | $18,370 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| DINING INCOME | 900099 | 85795 | $85,795 |
| MISCELLANEOUS INCOME | 900099 | 35839 | $35,839 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 121634 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19557147 | TotalRevenueColumn |
| Related Or Exempt Function Income | 19092296 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $219,428 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6667 | Total |
| Program Services | 6667 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7750 | Total |
| Program Services | 7750 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 364196 | Total |
| Program Services | 76483 | ProgramServices |
| Management And General | 287713 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5048385 | Total |
| Program Services | 4535873 | ProgramServices |
| Management And General | 512512 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32813 | Total |
| Program Services | 27962 | ProgramServices |
| Management And General | 4851 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 623183 | Total |
| Program Services | 531048 | ProgramServices |
| Management And General | 92135 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 504997 | Total |
| Program Services | 430336 | ProgramServices |
| Management And General | 74661 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 386665 | Total |
| Management And General | 386665 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 150743 | Total |
| Management And General | 150743 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53460 | Total |
| Management And General | 53460 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 885462 | Total |
| Program Services | 705241 | ProgramServices |
| Management And General | 180221 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 286684 | Total |
| Program Services | 37713 | ProgramServices |
| Management And General | 248971 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2469759 | Total |
| Program Services | 2234791 | ProgramServices |
| Management And General | 234968 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70534 | Total |
| Program Services | 481 | ProgramServices |
| Management And General | 70053 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1546500 | Total |
| Program Services | 1546500 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70511 | Total |
| Program Services | 33739 | ProgramServices |
| Management And General | 36772 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12839 | Total |
| Program Services | 7688 | ProgramServices |
| Management And General | 5151 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1852388 | Total |
| Management And General | 1852388 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3587773 | Total |
| Program Services | 3587773 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 416070 | Total |
| Program Services | 237287 | ProgramServices |
| Management And General | 178783 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| CLINIC EXPENSE | 210000 | 210000 | |
| ROUTINE UNIT TURNOVER | 131492 | 131492 | |
| MISCELLANEOUS | 27156 | 27091 | 65 |
| EMPLOYEE RELATED EXPENS | 13412 | 13412 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18759439 | Total |
| Program Services | 14389327 | ProgramServices |
| Management And General | 4370112 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9949633 | BOY |
| EOY | 16811196 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1003089 | BOY |
| EOY | 584607 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37990 | BOY |
| EOY | 40532 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 239390 | BOY |
| EOY | 156376 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 95356635 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 16318892 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 77711119 | BOY |
| EOY | 79037743 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 31970696 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12470178 | BOY |
| EOY | 14611562 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 101411399 | BOY |
| EOY | 143212712 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1406417 | BOY |
| EOY | 1623676 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 73469071 | BOY |
| EOY | 73857387 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 80903625 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 2265550 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41150000 | BOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3557213 | BOY |
| EOY | 2735277 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 119582701 | BOY |
| EOY | 161385515 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -18467950 | BOY |
| EOY | -18529804 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 296648 | BOY |
| EOY | 357001 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -18171302 | BOY |
| EOY | -18172803 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 101411399 | BOY |
| EOY | 143212712 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 797708 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -799209 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 13700 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 194736 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 92059 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 129035 | CurrentTaxYearMinus1Year |
| Current Tax Year | 245423 | CurrentTaxYear |
| Total | 674953 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 11511093 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 14551678 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 17794893 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 17944731 | CurrentTaxYearMinus1Year |
| Current Tax Year | 19092296 | CurrentTaxYear |
| Total | 80894691 | Total |
Gross Receipts From Non UBI GrossReceiptsFromNonUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 85795 | CurrentTaxYear |
| Total | 85795 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 11524793 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 14746414 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 17886952 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 18073766 | CurrentTaxYearMinus1Year |
| Current Tax Year | 19423514 | CurrentTaxYear |
| Total | 81655439 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 184415 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 187029 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 225349 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 234909 | CurrentTaxYearMinus1Year |
| Current Tax Year | 166826 | CurrentTaxYear |
| Total | 998528 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 184415 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 187029 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 225349 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 234909 | CurrentTaxYearMinus1Year |
| Current Tax Year | 166826 | CurrentTaxYear |
| Total | 998528 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 80656911 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 243111 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 451932 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 107722 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 188974 | CurrentTaxYearMinus1Year |
| Current Tax Year | 97794 | CurrentTaxYear |
| Total | 1089533 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 243111 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 451932 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 107722 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 188974 | CurrentTaxYearMinus1Year |
| Current Tax Year | 97794 | CurrentTaxYear |
| Total | 1089533 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 525984 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 390631 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 444772 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 53933 | CurrentTaxYearMinus1Year |
| Current Tax Year | 35839 | CurrentTaxYear |
| Total | 1451159 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 12293888 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 15588977 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 18439446 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 18316673 | CurrentTaxYearMinus1Year |
| Current Tax Year | 19557147 | CurrentTaxYear |
| Total | 84196131 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.95800 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.94920 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.01290 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.01630 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4934777 | OtherCostOrOtherBasis |
| Book Value | 4934777 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 65623603 | OtherCostOrOtherBasis |
| Depreciation | 11843920 | Depreciation |
| Book Value | 53779683 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 950197 | OtherCostOrOtherBasis |
| Depreciation | 171494 | Depreciation |
| Book Value | 778703 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4858692 | OtherCostOrOtherBasis |
| Depreciation | 876909 | Depreciation |
| Book Value | 3981783 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 18989366 | OtherCostOrOtherBasis |
| Depreciation | 3426569 | Depreciation |
| Book Value | 15562797 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 79037743 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (6 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| RESERVE REQUIRED BY STATE STATUTE | 3816670 |
| DEFERRED FINANCING COSTS | 2503540 |
| DEFERRED MARKETING COSTS | 5554692 |
| SALES TAX RECEIVABLE | 112762 |
| CHARITABLE FUND | 357001 |
| ENTRANCE FEES FOR UNITS TO BE CONSTRUCTED | 2266897 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 14611562 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| REFUNDABLE ENTRANCE FEES | $2,417,277 |
| RESIDENT UPGRADE DEPOSITS | $318,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2735277 | TotalOfAmounts |
| Total Revenue | 19557147 | TotalRevenue |
| Total Expenses | 18759439 | TotalExpenses |
| Excess Or Deficit For Year | 797708 | ExcessOrDeficitForYear |
| Prior Period Adjustments | 823127 | PriorPeriodAdjustments |
| Other | -$1,622,336 | OtherAmount |
| Total Adjustments | -799209 | TotalAdjustments |
| Excess Or Deficit Per FS | -1501 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 18633062 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | -924085 | OtherRevenues |
| Revenue Not Rptd F990 | -924085 | RevenueNotRptdF990 |
| Revenue Subtotal | 19557147 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 19557147 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 19457690 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 698251 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 698251 | ExpensesNotRptdF990 |
| Expenses Subtotal | 18759439 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 18759439 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 2B: | GALLOWAY RIDGE BEGAN CONSTRUCTION OF NEW INDEPENDENT LIVING UNITS, ASSISTED LIVING UNITS, AND SKILLED NURSING BEDS DURING 2010. ENTRANCE FEES FOR THESE UNITS ARE DEPOSITS RECEIVED FROM POTENTIAL RESIDENTS AND ARE HELD IN AN ESCROW ACCOUNT. | |
| PART X: | THE COMPANY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE COMPANY HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFIT OR OBLIGATION AS OF DECEMBER 31, 2010. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| LOSS ON EARLY EXTINGUISHMENT OF LONG-TERM DEBT -924,085. IMPAIRMENT OF GOODWILL -698,251. | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| LOSS ON EXTINGUISHMENT OF LONG-TERM DEBT -924,085. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| IMPAIRMENT OF GOODWILL 698,251. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRIENDS OF PITTSBORO MEMORIAL LIBRARY INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1108 | AddressLine1 |
| City | PITTSBORO | City |
| State | NC | State |
| ZIP Code | 27312 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 561674431 | EINOfRecipient |
| IRC Section | 501(C)(3) | IRCSection |
| Amount Of Cash Grant | 6667 | AmountOfCashGrant |
| Method Of Valuation | N/A | MethodOfValuation |
| Description Of Non Cash Assistance | N/A | DescriptionOfNonCashAssistance |
| Purpose Of Grant | ASSISTANCE IN BUILDING NEW FACILITY | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | EDUCATIONAL SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 9 | NumberOfRecipients |
| Amount Of Cash Grant | 7750 | AmountOfCashGrant |
| Method Of Valuation | N/A | MethodOfValuation |
| Description Of Non Cash Assistance | N/A | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: GALLOWAY RIDGE ANNUALLY RECEIVES APPLICATIONS FROM COMMUNITY 501(C)(3) ORGANIZATIONS FOR ASSISTANCE FROM THE CHARITABLE FUND. THE DISTRIBUTION COMMITTEE OF THE CHARITABLE FUND REVIEWS ALL REQUESTS AND MAKES DECISION OF WHICH ORGANIZATIONS WILL RECEIVE ASSISTANCE AND THE AMOUNT TO BE RECEIVED (TOTAL GRANTS ARE LIMITED EACH YEAR BASED UPON POLICIES AND PROCEDURES OF CHARITABLE FUND). | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 1 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 1 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JASON CRONK | NamePerson |
| Base Compensation Filing Org | 165091 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 57293 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 4754 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 22640 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 249778 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART I, LINE 6 | JASON CRONK, EXECUTIVE DIRECTOR, RECEIVES BONUS FUNDS FOR MEETING THE BUDGETED NET OPERATING INCOME. FOR THE YEAR ENDING DECEMBER 31, 2010, JASON CRONK RECEIVED A $5,459 BONUS BASED ON NET EARNINGS OF GALLOWAY RIDGE. SEE PART II, COLUMN (B)(II). | |
| PART I, LINE 7 | BONUS ARRANGEMENTS FOR THE EXECUTIVE DIRECTOR ARE BASED ON SEVERAL OBJECTIVES SET ANNUALLY BY THE MANAGEMENT COMPANY. THOSE OBJECTIVES ARE REVIEWED AND APPROVED BY THE PRESIDENT (I.E. CHAIRPERSON OF THE BOARD). FOR 2010, CRSA, INC. PAID JASON CRONK $51,834 FOR THE ACHIEVEMENT OF AGREED-UPON OBJECTIVES FOR THE YEAR. GALLOWAY RIDGE DID NOT REIMBURSE CRSA, INC. FOR $30,000 OF THAT PAYMENT. SEE PART II, COLUMN (B)(II). | |
| PART III | COMPENSATION FROM UNRELATED ORGANIZATIONS: COMPENSATION TO JASON CRONK IN PART II, LINE (I) WAS PAID BY CRSA, INC., AN UNRELATED ORGANIZATION, ON BEHALF OF GALLOWAY RIDGE FOR MANAGEMENT SERVICES. NOTE THAT GALLOWAY RIDGE DID NOT REIMBURSE CRSA, INC. FOR THE ENTIRETY OF THE AMOUNT. PLEASE SEE ABOVE FOR DETAILS. | SUPPLEMENTAL INFORMATION |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| NORTH CAROLINA MEDICAL CARE COMMISSION | |||||||
| 521309402 | 65820YJJ6 | 2010-10-21 | 75989731 | SEE PART V | 0 | 0 | 0 |
| NORTH CAROLINA MEDICAL CARE COMMISSION | |||||||
| 521309402 | NONEAVAIL | 2010-10-21 | 19930000 | SEE PART V | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 75989731 | 5275850 | 453693 | 1901427 | 4289534 | 38755000 | 26692638 | 2012 | 1 | 0 | 0 | 1 |
| 19930000 | 1548 | 733100 | 959619 | 18651607 | 2012 | 0 | 0 | 0 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 0 | 1 | 0 | 0 | 0 | 0 |
| 0 | 1 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part V Form990ScheduleKPartV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SCHEDULE K, PART I, LINE A, COLUMN F: | DESCRIPTION OF PURPOSE | SERIES 2010A & 2010B - EXPANSION OF FACILITY AND REFINANCING |
| SCHEDULE K, PART I, LINE B, COLUMN F: | DESCRIPTION OF PURPOSE | SERIES 2010C - EXPANSION OF FACILITY, REFINANCING, AND REIMBURSEMENT FOR PHASE II CONSTRUCTION OF PHASE 1. THE SERIES 2010C BOND IS A DRAW-DOWN LOAN WITHIN THE MEANING OF TREASURY REGULATION SECTION 1.150-1(C)(4)(I). PART II, LINE 12, COLUMN B REPRESENTS THE MAXIMUM PRINCIPAL AMOUNT THAT WILL BE DRAWN DOWN. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | THE ORGANIZATION CONTRACTS ITS EXECUTIVE DIRECTOR FROM CRSA/LCS MANAGEMENT, LLC. UNDER THE TERMS OF A MANAGEMENT AGREEMENT, MANAGEMENT SERVICES ARE PROVIDED TO THE ORGANIZATION BY COOPERATIVE RETIREMENT SERVICES OF AMERICA (CRSA). THESE SERVICES INCLUDE THE SUPERVISION OF ALL ASPECTS OF NORMAL OPERATIONS INCLUDING BUDGETING, HIRING OF EMPLOYEES, BILLING, PAYROLL, ACCOUNTS PAYABLE, AND OTHER MANAGEMENT RESPONSIBILITIES. | |
| FORM 990, PART VI, SECTION B, LINE 11 | A COPY OF THE 990 WAS PROVIDED TO THE BOARD AUDIT AND FINANCE COMMITTEE FOR A COMPREHENSIVE REVIEW PRIOR TO THE BOARD REVIEW. ON JULY 27TH, 2011, WHICH WAS PRIOR TO THE FILING DATE OF THE 990, THE FINANCE COMMITTEE PRESENTED THE 990 TO THE ENTIRE VOTING BOARD, WHERE EACH MEMBER RECEIVED A COPY. AFTER A DISCUSSION PERIOD AND QUESTION & ANSWER PERIOD, THE BOARD VOTED TO APPROVE THE FORM 990 AS PRESENTED. | |
| THE CONFLICT OF INTEREST POLICY IS REVIEWED BY ALL BOARD MEMBERS ANNUALLY. EACH BOARD MEMBER SIGNS A STATEMENT INDICATING THE UNDERSTANDING OF AND COMPLIANCE WITH THE POLICY. THE CONFLICT OF INTEREST POLICY IS BASED UPON THE IRS MODEL CONFLICT OF INTEREST POLICY. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE COMPENSATION OF EXECUTIVE DIRECTOR IS REVIEWED BY THE MANAGEMENT COMPANY (CRSA) AND THE PRESIDENT (I.E. CHAIRPERSON OF THE BOARD) ANNUALLY USING INDUSTRY DATA FOR COMPARISON. OTHER KEY EMPLOYEES HAVE ANNUAL REVIEWS BY THE EXECUTIVE DIRECTOR AND COMPARABILITY DATA IS REVIEWED ON A REGULAR BASIS. | FORM 990, PART VI, SECTION B, LINE 15A | |
| PHOTOCOPIES OF THE ORGANIZATION'S FORM 1023, FORM 990 AND FORM 990-T ARE AVAILABLE UPON REQUEST. RECENT FILINGS OF THE FORM 990 CAN BE ACCESSED THROUGH GUIDESTAR.ORG, A NON-PROFIT WEBSITE. | FORM 990, PART VI, SECTION C, LINE 18 | |
| BYLAWS, WITH ANY CHANGES OR UPDATES, ARE MAINTAINED IN THE RESIDENT LIBRARY AND ARE ALSO AVAILABLE BY REQUEST. THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE ANNUAL DISCLOSURE STATEMENT. FINANCIAL STATEMENTS ARE PROVIDED MONTHLY TO THE PRIMARY CREDITOR, BOARD AUDIT & FINANCE COMMITTEE, AND THE RESIDENT FINANCE COMMITTEE AND PROVIDED QUARTERLY TO THE BOARD. THE ANNUAL AUDIT IS PROVIDED ANNUALLY IN THE DISCLOSURE STATEMENT. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | PRIOR PERIOD ADJUSTMENTS: 823,127. LOSS ON EARLY EXTINGUISHMENT OF LONG-TERM DEBT -924,085. IMPAIRMENT OF GOODWILL -698,251. TOTAL TO FORM 990, PART XI, LINE 5: -799,209. | FORM 990, PART XI, LINE 5: |
| THE EXECUTIVE COMMITTEE IS A SUB-COMMITTEE OF THE BOARD THAT CONSISTS OF SIX VOTING BOARD MEMBERS AND THE EXECUTIVE DIRECTOR, A NON-VOTING BOARD MEMBER. THE EXECUTIVE COMMITTEE HAS AND EXERCISES ALL OF THE POWERS OF THE BOARD THAT MAY BE LAWFULLY DELEGATED IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION. | FORM 990, PART VI, SECTION A, LINE 1A |