2024-11-12T12:16:10-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2023-01-01 562277623 GALLOWAY RIDGE INC GALL 9195452215 3000 GALLOWAY RIDGE PITTSBORO NC 27312 ROBERT ZIMMER CEO/EXECUTIVE DIRECTOR 9195452215 2024-11-12 1 1 KATHERINE A WARLICK P02065266 7049985200 2024-11-04 2023 2024-10-15 13:58:12Z GALLOWAY RIDGE ROBERT ZIMMER 3000 GALLOWAY RIDGE PITTSBORO NC 27312 37431371 0 X WWW.GALLOWAYRIDGE.COM X 2001 NC OPERATION OF CONTINUING CARE RETIREMENT COMMUNITY 12 12 436 15 0 0 1033018 976051 33692416 35076657 864083 1315903 73604 62760 35663121 37431371 85200 100000 0 0 13770045 15119035 0 0 0 17567074 19476426 31422319 34695461 4240802 2735910 137228327 139974802 167082348 167027675 -29854021 -27052873 GALLOWAY RIDGE EXISTS TO INSPIRE MEANINGFUL AND ENGAGED LIVES AND TO ASSURE EACH RESIDENT A SUPERIOR QUALITY OF LIFE AND CARE. 0 0 26948190 100000 35076657 GALLOWAY RIDGE, INC. PROVIDED HOUSING, HEALTHCARE, AND OTHER RELATED SERVICES TO RESIDENTS THROUGH THE OPERATION OF A RESIDENT FACILITY CONTAINING 301 INDEPENDENT LIVING UNITS, 22 ASSISTED LIVING UNITS, 14 MULTI-UNIT ASSISTED HOUSING UNITS, 20 MEMORY CARE UNITS, AND 40 SKILLED NURSING UNITS. GALLOWAY RIDGE WELCOME ITS FIRST RESIDENT 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. 26948190 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 100 0 436 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X DANA BOYLAN-WALKER 9195452603 3000 GALLOWAY RIDGE PITTSBORO NC 27312 KELLY MACKAY PRESIDENT & DIRECTOR 5.00 X X 0 0 0 ROBBIE COX SECRETARY & DIRECTOR 5.00 X X 0 0 0 MARVA PRICE BOARD MEMBER 1.00 X 0 0 0 VALERIE CROFTON-HARRIS BOARD MEMBER 1.00 X 0 0 0 MATT EWEND BOARD MEMBER 1.00 X 0 0 0 DAVID PERRY BOARD MEMBER 1.00 X 0 0 0 JEFF STRICKER BOARD MEMBER 1.00 X 0 0 0 DAVID RUBIN BOARD MEMBER 1.00 X 0 0 0 EDWINA WOODBURY VICE PRESIDENT / TREASURER & DIRECTOR 10.00 X X 0 0 0 LISA CHAPMAN BOARD MEMBER 1.00 X 0 0 0 BOB MARSHALL BOARD MEMBER 1.00 X 0 0 0 DENIS DE ST AUBIN BOARD MEMBER 1.00 X 0 0 0 ROBERT ZIMMER CEO/EXECUTIVE DIRECTOR 50.00 X 289343 0 40533 DANA BOYLAN-WALKER SR. DIRECTOR OF FINANCE 50.00 X 129612 0 18633 ADAM MELTON ASSOCIATE EXECUTIVE DIRECT 50.00 X 154099 0 7673 RYAN PAYNE EXECUTIVE CHEF 50.00 X 130522 0 13511 MELISSA JOHNSON SR. DIRECTOR OF MARKETING 50.00 X 148451 0 29570 KIMBERLY HUTTER DIRECTOR OF HUMAN RESOURCES & ADMIN SERVICES 50.00 X 123685 0 21610 ARVILLA JOHNSON SR DIRECTOR OF HEALTHCARE SERVICES 50.00 X 132892 0 8780 1108604 0 140310 10 0 1 0 FUNCTIONAL PATHWAYS PO BOX 6030 CAROL STREAM IL 60197 MEDICAL SERVICES 1069507 MYATT LANDSCAPING & CONSTRUCTION 217 TECHNOLOGY PARK LANE FUQUAY VARINA NC 27526 LANDSCAPING SERVICES 687273 WEAVER COOKE CONSTRUCTION LLC PO BOX 26030 GREENSBORO NC 27420 CONSTRUCTION SERVICES 526072 PAULA FLORES SAVE PAINTING LLC 3109 HORNBUCKLE PLACE DURHAM NC 27707 PAINTING SERVICES 300903 WILLIAM P SMITH DBA RIITHINK LLC 600 MARKET STREET STE 206 CHAPEL HILL NC 27516 MARKETING SERVICES 286832 9 976051 976051 RESIDENT SERVICES 623000 27933972 27933972 HEALTH CARE 623000 4861003 4861003 DUKE CENTER FOR LIVING 623000 1155341 1155341 OTHER 623000 1126341 1126341 35076657 1315903 1315903 62760 0 62760 62760 62760 37431371 35076657 0 1378663 X 100000 100000 478121 478121 11764031 9548601 2215430 131532 102592 28940 1848364 1441682 406682 896987 699630 197357 103598 103598 116099 116099 4024033 3134038 889995 298968 298968 384407 51484 332923 468612 364969 103643 2158880 1681401 477479 96400 75079 21321 106161 106161 2377394 1791925 585469 4417426 3327987 1089439 540138 420676 119462 DIETARY EXPENSE 1861275 1861275 SUPPLIES 1726433 1726433 REPAIRS AND MAINTENANCE 568841 443030 125811 EMPLOYEE TRAINING AND D 193740 150891 42849 34021 26497 7524 34695461 26948190 7747271 0 1078446 373918 5000 4813 1004973 862404 280076 344920 316034 310737 152574298 59018956 89178560 93555342 32547573 31103526 5917223 6086286 6900442 7332856 137228327 139974802 5344234 6256975 90599496 91849404 70907447 68674176 187119 243674 44052 3446 167082348 167027675 X -34205490 -32064525 4351469 5011652 -29854021 -27052873 137228327 139974802 X 2735910 850518 -785280 X 0 1 X 1 0 X 1068356 1867972 2146350 1033018 976051 7091747 29923507 31114202 32172508 33692416 35076657 161979290 144412 144412 31136275 32982174 34318858 34725434 36052708 169215449 235836 198444 200196 170148 181116 985740 0 235836 198444 200196 170148 181116 985740 168229709 1006681 1585787 1831445 937687 1378663 6740263 1006681 1585787 1831445 937687 1378663 6740263 32142956 34567961 36150303 35663121 37431371 175955712 0.95610 0.95850 0.03830 0.03570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 5690693 5690693 106422929 43097981 63324948 18589442 8947734 9641708 11205062 6012486 5192576 10666172 960755 9705417 93555342 RESERVE REQUIRED BY STATE STATUTES 6949037 SALES TAX RECEIVABLE 383819 7332856 DCFL DEFERREDS 3446 3446 X 37621706 850518 760280 1610798 36010908 1420463 1420463 37431371 35480741 785280 785280 34695461 0 34695461 PART X, LINE 2: THE COMPANY HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE COMPANY IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE COMPANY IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. THE COMPANY FOLLOWS GUIDANCE IN THE INCOME TAX STANDARD REGARDING RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE HAS HAD NO IMPACT ON THE COMPANY'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED 760,280. PART XI, LINE 4B - OTHER ADJUSTMENTS: RESTRICTED CONTRIBUTIONS 976,051. RESTRICTED INVESTMENT INCOME 444,412. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED 785,280. 1 AUTISM SOCIETY OF NORTH CAROLINA INC 5121 KINGDOM WAY STE 100 RALEIGH NC 27607 237087887 501(C)(3) 7000 0 PROVIDE SUPPORT TO INDIVIDUALS WITH AUTISM AND THEIR FAMILIES BOYS & GIRLS CLUB OF CENTRAL CAROLINA WREN FAMILY CENTER 1414 BRAG STEET SANFORD NC 27330 561923703 501(C)(3) 10500 0 SUPPORT CHILD AND YOUTH PROGRAMS CENTRAL CAROLINA COMMUNITY COLLEGE FOUNDATION 1105 KELLY DRIVE SANFORD NC 27330 561644218 501(C)(3) 8000 0 PROVIDE SUPPORT FOR EDUCATIONAL & STUDENT SERVICE PROGRAM OFFERINGS CHATHAM CARES COMMUNITY PHARMACY 127 E RALEIGH STREET CARY NC 27344 412170926 501(C)(3) 11250 0 RENT & UTILITIES FOR CLINIC TO PROVIDE FREE MEDICATION CHATHAM TRADES INC 2535 OLD US HWY 421 NORTH SILER CITY NC 27344 561272201 501(C)(3) 7000 0 PROVIDE SUPPORT TO ASSIST ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES EL FUTURO INC 2020 CHAPEL HILL RD STE 23 DURHAM NC 27707 800122334 501(C)(3) 7000 0 SUPPORT FOR BILINGUAL MENTAL HEALTH SERVICES THE LEARNING TRIAL INC PO BOX 3061 CHAPEL HILL NC 27517 471642083 501(C)(3) 6000 0 PROVIDE ACADEMIC AND SOCIAL SUPPORT TO CHILDREN WEST CHATHAM CARING COMMUNITIES 126 VILLAGAGE LAKE ROAD SILER CITY NC 27344 510634273 501(C)(3) 10000 0 FOOD PURCHASES 12 PART I, LINE 2: AGENCIES THAT RECEIVE FUNDING FROM GALLOWAY RIDGE MUST SUBMIT AN END OF YEAR REPORT. THE END OF YEAR REPORT IS REVIEWED BY THE DISTRIBUTION COMMITTEE OF THE GALLOWAY RIDGE CHATHAM COUNTY CHARITABLE FUND AND THE AGENCIES ARE CONTACTED IF THERE ARE ANY QUESTIONS AND/OR CONCERNS ABOUT THE USAGE OF FUNDS. X X 1 0 0 0 0 0 0 1 0 ROBERT ZIMMER CEO/EXECUTIVE DIRECTOR 252055 0 0 0 37288 0 7464 0 33069 0 329876 0 0 0 MELISSA JOHNSON SR. DIRECTOR OF MARKETING 106399 0 30754 0 11298 0 3488 0 26082 0 178021 0 0 0 ADAM MELTON ASSOCIATE EXECUTIVE DIRECT 112539 0 0 0 41560 0 482 0 7191 0 161772 0 0 0 PART I, LINE 3 THE CEO/EXECUTIVE DIRECTOR'S POSITION IS REVIEWED BY THE PRESIDENT AND BOARD CHAIRMAN AND APPROVED BY THE BOARD. PART I, LINE 4A NAME: ADAM MELTON, DESCRIPTION: 8 WEEKS SEVERANCE PAYMENT AND HEALTHCARE COVERAGE COST, CURRENT YEAR AMOUNT: $25,983. PLAN DESCRIPTION: GALLOWAY RIDGE PAID A TOTAL SEVERANCE PACKAGE IN THE AMOUNT OF $26,304.73. THE PACKAGE INCLUDED $24,103 FOR EIGHT WEEKS OF COMPENSATION (BASED ON THE REGULAR WORK WEEK), AT THE CURRENT RATE OF PAY; AND $1,789.53 TO ASSIST WITH CONTINUING HEALTHCARE COVERAGE. ALL PAY WAS SUBJECT TO ALL STATUTORY AND REQUIRED TAXES AND WITHHOLDINGS. AN ADDITIONAL $412.20 WAS PAID TO BLUE CROSS BLUE SHIELD OF NC TO COVER THE SEPTEMBER 2024 INSURANCE PREMIUM. PART I, LINE 7 THE EXECUTIVE DIRECTOR AND DEPARTMENTAL HEADS ARE ELIGIBLE FOR PERFORMANCE BONUSES BASED ON AGREED UPON GOALS FOR THE YEAR. A NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 65820YKU9 2014-09-10 15494760 SEE PART VI 0 0 0 B NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 65820YQW9 2019-10-23 50728876 SEE PART VI 0 0 0 C PUBLIC FINANCE AUTHORITY 273866124 74444VBW9 2022-11-10 11980000 CAMPUS IMPROVEMENTS, ACCRUED INTEREST, DEBT RESERVE, AND ISSUANCE COSTS 0 0 0 A 1274760 15494760 309895 15184865 1 0 0 1 B 10428876 50728876 848124 49880752 1 0 1 1 C 11980000 253303 1352118 237275 3332128 6805176 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 0 B 1 C 1 SCHDULE K, PART I, LINE A, COLUMN F, DESCRIPTION OF PURPOSE IN SEPTEMBER 2014, THE COMPANY ISSUED $15,495,000 OF TAX-EXEMPT, ADJUSTABLE RATE FIXED MORTGAGE REVENUE REFUNDING BONDS THROUGH THE NORTH CAROLINA MEDICAL CARE COMMISSION. OF THE TOTAL AMOUNT, $15,000,000 WAS USED TO REFUND THE SERIES 2010B BONDS. THE REMAINING AMOUNTS WERE USED FOR COSTS OF ISSUANCE AND TO SET UP A DEBT SERVICE REFUND. SCHDULE K, PART I, LINE B, COLUMN F, DESCRIPTION OF PURPOSE IN OCTOBER 2019, THE COMPANY ISSUED $45,990,000 OF TAX-EXEMPT, ADJUSTABLE RATE FIXED MORTGAGE REVENUE REFUNDING BONDS ("2019A BONDS") THROUGH THE NORTH CAROLINA MEDICAL CARE COMMISSION. THE SERIES 2019A BONDS WERE ISSUED WITH A PREMIUM OF $4,738,876. THE PROCEEDS OF THE SERIES 2019A BONDS WERE TO BE USED TO REFUND AND DEFEASE THE SERIES 2010A BONDS. FORM 990, PART I, ITEM C DBA: DUKE CENTER FOR LIVING DBA: THE ARBOR FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTANT WITH ASSISTANCE AND OVERSIGHT BY MANAGEMENT. UPON COMPLETION, THE RETURN IS REVIEWED BY MANAGEMENT AND DISTRIBUTED ELECTRONICALLY TO THE MEMBERS OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ARE GIVEN TIME TO REVIEW, DISCUSS AND COMMENT PRIOR TO THE FORM BEING ELECTRONICALLY FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C 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 15 THE CEO/EXECUTIVE DIRECTOR'S POSITION IS REVIEWED BY THE PRESIDENT AND BOARD CHAIRMAN AND APPROVED BY THE BOARD. OTHER KEY EMPLOYEES HAVE AN ANNUAL REVIEW BY THE CEO/EXECUTIVE DIRECTOR AND COMPARABILITY DATA IS REVIEWED ON AN ANNUAL BASIS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 PHOTOCOPIES OF THE ORGANIZATION'S FORM 1023 AND FORM 990 ARE AVAILABLE UPON REQUEST. RECENT FILINGS OF THE FORM 990 CAN BE ACCESSED THROUGH GUIDESTAR.ORG, A NON-PROFIT WEBSITE. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 3,134,038. MANAGEMENT AND GENERAL EXPENSES 889,995. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,024,033. FORM 990, PART XI, LINE 9: NET ASSETS RELEASED FROM RESTRICTIONS -785,280. GRI PROPERTIES LLC 3000 GALLOWAY RIDGE PITTSBORO NC 27312 562277623 RELATED NC 0 0