2023-11-14T12:43:43-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2022-01-01 562277623 GALLOWAY RIDGE INC GALL 9195452215 3000 GALLOWAY RIDGE PITTSBORO NC 27312 ROBERT ZIMMER CEO/EXECUTIVE DIRECTOR 9195452215 2023-11-13 1 ROBERT ZIMMER 999009999 0 JOHN NORMAN P01506766 7049985200 2023-11-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z GALLOWAY RIDGE ROBERT ZIMMER 3000 GALLOWAY RIDGE PITTSBORO NC 27312 35663121 0 X WWW.GALLOWAYRIDGE.COM X 2001 NC OPERATION OF CONTINUING CARE RETIREMENT COMMUNITY 12 12 380 12 0 0 2146350 1033018 32172508 33692416 1759645 864083 71681 73604 36150184 35663121 58450 85200 0 0 12842534 13770045 0 0 0 16378666 17567074 29279650 31422319 6870534 4240802 130866786 137228327 160515123 167082348 -29648337 -29854021 GALLOWAY RIDGE EXISTS TO INSPIRE MEANINGFUL AND ENGAGED LIVES AND TO ASSURE EACH RESIDENT A SUPERIOR QUALITY OF LIFE AND CARE. 0 0 26496696 85200 33692416 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. 26496696 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 95 0 380 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 ROB NELSON VICE PRESIDENT & DIRECTOR 5.00 X X 0 0 0 KELLY MACKAY PRESIDENT & DIRECTOR 5.00 X X 0 0 0 ROBBIE COX SECRETARY & DIRECTOR 5.00 X X 0 0 0 TODD PETERSON TREASURER & 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 FRED SPARLING BOARD MEMBER 1.00 X 0 0 0 JEFF STRICKER BOARD MEMBER 1.00 X 0 0 0 DAVID RUBIN MEMBER 1.00 X 0 0 0 EDWINA WOODBURY TREASURER & DIRECTOR 5.00 X X 0 0 0 LISA CHAPMAN DIRECTOR 1.00 X 0 0 0 ROBERT ZIMMER CEO/EXECUTIVE DIRECTOR 50.00 X 276354 0 35483 DANA BOYLAN-WALKER SR. DIRECTOR OF FINANCE 50.00 X 127846 0 14592 ADAM MELTON ASSOCIATE EXECUTIVE DIRECT 50.00 X 161390 0 11562 RYAN PAYNE EXECUTIVE CHEF 50.00 X 127260 0 6037 MELISSA JOHNSON SR. DIRECTOR OF MARKETING 50.00 X 143597 0 22285 KIMBERLY HUTTER PLEASE DELETE 50.00 X 116296 0 0 952743 0 89959 9 0 1 0 FUNCTIONAL PATHWAYS 10133 SHERRILL BLVD SUITE 200 KNOXVILLE TN 37932 MEDICAL SERVICES 497270 WEAVER COOKE CONSTRUCTION LLC 8401 KEY BLVD GREENSBORO NC 27409 CONSTRUCTION SERVICES 470825 UNC SCHOOL OF MEDICINE DEPT OF MED CB7005 125 MADNAIDER CHAPEL HILL NC 27599 MEDICAL SERVICES 358151 GREENSCAPE INC PO BOX 745103 ATLANTA GA 30374 LANDSCAPING SERVICES 282252 RIITHINK LLC 103 LLOYD STREET SUITE 200 CARRBORO NC 27510 MARKETING SERVICES 252728 7 11364 1021654 1033018 RESIDENT SERVICES 623000 27727021 27727021 HEALTH CARE 623000 4271489 4271489 DUKE CENTER FOR LIVING 623000 884188 884188 OTHER 623000 809718 809718 33692416 864083 864083 73604 0 73604 73604 73604 35663121 33692416 0 937687 85200 85200 12599901 12599901 119153 119153 240215 220264 19951 810776 810776 43152 43152 111360 111360 2818457 2818457 277119 277119 1223746 784039 439707 427076 427076 1984038 1792617 191421 11073 11073 95615 95615 2791838 2791838 4347009 4347009 501646 501646 DIETARY EXPENSE 1636238 1636238 MEDICAL SUPPLIES 1298068 1298068 MISCELLANEOUS 639 520 119 31422319 26496696 4925623 0 1545255 1078446 5000 5000 596294 1004973 204900 280076 279746 316034 148867564 59689004 89204799 89178560 25280743 32547573 6412174 5917223 7337875 6900442 130866786 137228327 7858874 5344234 89684369 90599496 62801240 70907447 187119 170640 44052 160515123 167082348 X -34432000 -34205490 4783663 4351469 -29648337 -29854021 130866786 137228327 X 4240802 -2992638 -1453848 X 0 1 X 1 0 X 818970 1068356 1867972 2146350 1033018 6934666 29590200 29923507 31114202 32172508 33692416 156492833 136332 144412 280744 30545502 31136275 32982174 34318858 34725434 163708243 174884 235836 198444 200196 170148 979508 0 174884 235836 198444 200196 170148 979508 162728735 698380 1006681 1585787 1831445 937687 6059980 698380 1006681 1585787 1831445 937687 6059980 31243882 32142956 34567961 36150303 35663121 169768223 0.95850 0.95870 0.03570 0.03500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 5690693 5690693 108615654 43587277 65028377 17626975 9049319 8577656 12472226 6080746 6391480 4462016 971662 3490354 89178560 RESERVE REQUIRED BY STATE STATUTES 6404789 SALES TAX RECEIVABLE 495653 6900442 DCFL DEFERREDS 44052 44052 X 32387293 -2992638 738464 -2254174 34641467 1021654 1021654 35663121 32160783 738464 738464 31422319 0 31422319 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 738,464. PART XI, LINE 4B - OTHER ADJUSTMENTS: RESTRICTED CONTRIBUTIONS 1,021,654. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED 738,464. 1 CENTRAL CAROLINA COMMUNITY COLLEGE FOUNDATION 1105 KELLY DRIVE SANFORD NC 27330 561644218 501(C)(3) 6000 0 SUPPORT EDUCATIONAL & STUDENT SERVICE PROGRAM OFFERINGS THE LEARNING TRAIL INC PO BOX 3061 CHAPEL HILL NC 27517 471642083 501(C)(3) 6000 0 PROVIDE ACADEMIC AND SOCIAL SUPPORT TO CHILDREN CHATHAM OUTREACH ALLIANCE 40 CAMPT DRIVE PITTSBORO NC 27312 561668767 501(C)(3) 7000 0 FOOD PURCHASES EL FUTURO INC 136 E CHAPEL HILL STREET DURHAM NC 27701 800122334 501(C)(3) 7000 0 SUPPORT WALK-IN CLINIC FOR LATINO SERVING MENTAL HEALTH CARE AUTISM SOCIETY OF NORTH CAROLINA INC 5121 KINGDOM WAY SUITE 100 RALEIGH NC 27607 237087887 501(C)(3) 7000 0 PROVIDE SUPPORT TO INDIVIDUALS WITH AUTISM AND THEIR FAMILIES CHATHAM COUNTY COUNCIL ON AGING PO BOX 715 PITTSBORO NC 27312 561084260 501(C)(3) 8000 0 PROVIDE RESPITE FOR CAREGIVERS; MEALS & IN-HOME AID FOR SENIORS CHATHAM CARES COMMUNITY PHARMACY 127 E RALEIGH STREET SILER CITY NC 27344 412170926 501(C)(3) 8700 0 RENT & UTILITIES FOR CLINIC TO PROVIDE FREE MEDICATION WEST CHATHAM CARING COMMUNITIES 126 VILLAGE LAKE ROAD SILER CITY NC 27344 510634273 501(C)(3) 10000 0 FOOD PURCHASES BOYS & GIRLS CLUBS OF CENTRAL CAROLINA INC 1414 BRAGG STREET SANFORD NC 27330 561923703 501(C)(3) 10500 0 SUPPORT CHILD AND YOUTH PROGRAMS 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 0 0 0 0 0 0 0 1 0 ROBERT ZIMMER CEO/EXECUTIVE DIRECTOR 276354 0 0 0 0 0 7207 0 28276 0 311837 0 0 0 ADAM MELTON ASSOCIATE EXECUTIVE DIRECT 161390 0 0 0 0 0 766 0 10796 0 172952 0 0 0 MELISSA JOHNSON SR. DIRECTOR OF MARKETING 143597 0 0 0 0 0 3308 0 18977 0 165882 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 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 15495000 SEE PART VI 0 0 0 B NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 65820YQW9 2019-10-23 45990000 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 1265000 15505610 1223896 309859 15002641 1 0 0 1 B 3735000 50728876 848124 49880752 1 0 1 1 C 11980000 253303 1352118 237275 10137304 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 2022 FORM 990, PART VI, SECTION C, LINE 19 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 XI, LINE 9: NET ASSETS RELEASED FROM RESTRICTIONS -738,464. RESTRICTED NET INVESTMENT INCOME -715,384. GRI PROPERTIES LLC 3000 GALLOWAY RIDGE PITTSBORO NC 27312 562277623 RELATED NC 0 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 GRI PROPERTIES LLC P