THE PINES AT DAVIDSON INC: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- THE PINES AT DAVIDSON INC (EIN 58-1598135)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-11-15
- IRS object ID
- 201933199349300948
- Schema version
- 2018v3.1
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-11-15T07:11:00-06:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 227 WEST TRADE STREET SUITE 800 | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 581598135 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PINES AT DAVIDSON INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PINE | BusinessNameControlTxt |
| Phone | 7048961100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 AVINGER LANE | AddressLine1Txt |
| City | DAVIDSON | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28036 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID C RAINEY | PersonNm |
| Person Title | VICE PRESIDENT AND CFO | PersonTitleTxt |
| Phone | 7048961100 | PhoneNum |
| Signature | 2019-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN NORMAN | PreparerPersonNm |
| PTIN | P01506766 | PTIN |
| Phone | 7049985200 | PhoneNum |
| Preparation | 2019-11-14 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 67.137.57.251 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-11-14 | IPDt |
| IP Tm | 15:23:22 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 64AF3659F43F5CC98B56C00B2A895DE9C1B7BC1E | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 7FA111DA1DF952C3932DE9B02872546115851591 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-04-17 16:48:07Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | STEVEN H JEWELL | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 AVINGER LANE | AddressLine1Txt |
| City | DAVIDSON | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28036 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $24,484,687 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.THEPINESATDAVIDSON.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1983 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | PROVIDE TO OLDER ADULTS HIGH QUALITY HOUSING, HEALTHCARE, AND OTHER SERVICES TO EXCEED RESIDENTS' EXPECTATIONS | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 383 | TotalEmployeeCnt |
| Total Volunteers | 120 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $313,039 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,166,775 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $20,181,735 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $21,198,658 | CYProgramServiceRevenueAmt |
| PY Investment Income | $985,111 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,056,111 | CYInvestmentIncomeAmt |
| PY Other Revenue | $36,245 | PYOtherRevenueAmt |
| CY Other Revenue | $44,722 | CYOtherRevenueAmt |
| PY Total Revenue | $21,516,130 | PYTotalRevenueAmt |
| CY Total Revenue | $24,466,266 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $580,029 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $443,069 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $9,083,200 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $9,367,110 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $100,163 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,237,338 | PYOtherExpensesAmt |
| CY Other Expenses | $10,066,888 | CYOtherExpensesAmt |
| PY Total Expenses | $19,900,567 | PYTotalExpensesAmt |
| CY Total Expenses | $19,877,067 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,615,563 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $4,589,199 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $98,678,332 | TotalAssetsBOYAmt |
| Total Assets EOY | $101,140,020 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $63,044,770 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $62,545,311 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $35,633,562 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $38,594,709 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF THE PINES AT DAVIDSON IS TO PROVIDE (TO OLDER ADULTS) HIGH QUALITY HOUSING, HEALTH CARE AND OTHER SERVICES THAT EXCEED RESIDENTS' EXPECTATIONS IN PURSUING ITS MISSION. THE PINES AT DAVIDSON WILL SET ITSELF APART BY THE FOLLOWING: BEING EVER MINDFUL OF THE NEEDS OF RESIDENTS, ATTRACTING AND RETAINING A PROFESSIONAL AND CARING STAFF COMMITTED TO THE SERVICE AND WELL-BEING OF RESIDENTS, LEVERAGING COLLABORATIVE OPPORTUNITIES, EXHIBITING INNOVATION THROUGH BOLD INVESTMENTS IN TECHNOLOGIES AND FACILITIES, AND MAINTAINING ITS IDENTITY AS A NONPROFIT COMMUNITY ESTABLISHED BY MEMBERS AND FRIENDS OF DAVIDSON COLLEGE PRESBYTERIAN CHURCH AND THE TRUSTEES OF DAVIDSON COLLEGE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $6,592,546 | ExpenseAmt |
| Revenue | $10,916,499 | RevenueAmt |
| Desc | PROVISION OF HOUSING AND RELATED SERVICES TO RESIDENTS | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,833,212 | ExpenseAmt |
| Revenue | $5,533,021 | RevenueAmt |
| Desc | PHYSICIAN SERVICES AND NURSING CARE - PROVIDES MEDICAL CARE TO RESIDENTS INCLUDING SERVICES DESIGNED TO ENHANCE THE QUALITY OF OLDER ADULTS' LIVES | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,119,751 | ExpenseAmt |
| Revenue | $103,450 | RevenueAmt |
| Desc | CULINARY AND DINING SERVICES - PROVIDES WELL-BALANCED, NUTRITIOUS MEALS TO RESIDENTS AND THEIR GUESTS | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,411,220 | ExpenseAmt |
| Grant | $443,069 | GrantAmt |
| Revenue | $3,645,688 | RevenueAmt |
| Desc | ALL OTHER SERVICES TO MEET THE PHYSICAL, EMOTIONAL, INTELLECTUAL AND SPIRITUAL NEEDS OF RESIDENTS INCLUDING MAINTENANCE, SECURITY, HOUSEKEEPING AND LAUNDRY | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $3,411,220 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $443,069 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $3,645,688 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $17,956,729 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 61 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 383 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 20 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVID C RAINEY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7048961100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 AVINGER LANE | AddressLine1Txt |
| City | DAVIDSON | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28036 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| BARBARA I NEIDINGER | |||||||
| CHAIRPERSON | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| EDWARD A KANIA | |||||||
| VICE CHAIRPERSON | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| HARRISON L MARSHALL JR | |||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JAMES E HARRIS JR | |||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| THOMAS A BATCHELOR | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SARAH P BOEHMLER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| STEPHEN D BRADLEY JR | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JANET U CROOK MD | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LACY WOODS DICK | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN FRANK FESPERMAN II | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN N GILBERT III | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RAYMOND JACOBSON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LINDA NEED | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KATHY L PILKINGTON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CARRANZA M PRYOR | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JAMES LEWIS SIGMON JR | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| NEWTON ALEX SMITH III | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOSEPH L TRASK MD | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| EDWIN H WADSWORTH | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MAYLENG S WATSON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CAROL E QUILLEN | |||||||
| DIRECTOR (EX OFFICIO) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| STEVEN H JEWELL | |||||||
| EXECUTIVE DIRECTOR | 50.00 | Yes (X) | $215,847 | $0 | $25,698 | ||
| DAVID C RAINEY | |||||||
| VICE PRESIDENT/CFO | 50.00 | Yes (X) | $184,225 | $0 | $23,932 | ||
| SCOTT S CHINERY | |||||||
| DIRECTOR OF PLANT SERVICES | 50.00 | $116,972 | $0 | $50,839 | Yes (X) | ||
| CAROLYN R PICTON | |||||||
| DIRECTOR OF MARKETING | 50.00 | $110,811 | $0 | $46,335 | Yes (X) | ||
| JUDY L GREEN | |||||||
| DIRECTOR OF NURSING | 50.00 | $117,324 | $0 | $21,708 | Yes (X) | ||
| CHAD D LAUDERBAUGH | |||||||
| DIRECTOR OF CULINARY SERVICES | 50.00 | $104,969 | $0 | $14,558 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $850,148 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $183,070 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SFCS INC | |||||
| 305 S JEFFERSON ST | ROANOKE | VA | 24011 | ENGINEERING SERVICES | $1,249,020 |
| THE RBA GROUP | |||||
| 122-B W BLAND ST | DAVIDSON | NC | 28203 | ARCHITECTURE & DESIGN | $581,708 |
| COLE JENEST & STONE | |||||
| 200 S TRYON ST | DAVIDSON | NC | 28203 | ARCHITECTURE & DESIGN | $381,609 |
| CLIFTONLARSONALLEN LLP | |||||
| 101 N TRYON ST SUITE 1000 | CHARLOTTE | NC | 28246 | ACCOUNTING & FORECAST SERVICES | $226,063 |
| CHAMBERS | |||||
| 1800 WASHINGTON BLVD SUITE 111 | BALTIMORE | MD | 21230 | ARCHITECTURE & DESIGN | $183,283 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $2,166,775 | AllOtherContributionsAmt |
| Total Contributions | $2,166,775 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| HOUSING & RELATED | 721310 | $10,916,499 | $10,916,499 |
| PHYSICIAN & NURSING | 713990 | $5,533,021 | $5,533,021 |
| CULINARY & DINING | 722100 | $103,450 | $103,450 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,645,688 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,645,688 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $21,198,658 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,074,532 | TotalRevenueColumnAmt |
| Exclusion | $1,074,532 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $44,722 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $44,722 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $44,722 | TotalRevenueColumnAmt |
| Exclusion | $44,722 | ExclusionAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $18,421 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$18,421 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$18,421 | TotalRevenueColumnAmt |
| Exclusion | -$18,421 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $24,466,266 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $21,198,658 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,100,833 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $280,000 | TotalAmt |
| Program Services | $280,000 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $163,069 | TotalAmt |
| Program Services | $163,069 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $449,702 | TotalAmt |
| Program Services | $114,095 | ProgramServicesAmt |
| Management And General | $335,607 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,853,261 | TotalAmt |
| Program Services | $6,289,615 | ProgramServicesAmt |
| Management And General | $513,545 | ManagementAndGeneralAmt |
| Fundraising | $50,101 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $263,294 | TotalAmt |
| Program Services | $211,522 | ProgramServicesAmt |
| Management And General | $51,772 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,262,794 | TotalAmt |
| Program Services | $1,116,417 | ProgramServicesAmt |
| Management And General | $146,377 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $538,059 | TotalAmt |
| Program Services | $461,768 | ProgramServicesAmt |
| Management And General | $72,523 | ManagementAndGeneralAmt |
| Fundraising | $3,768 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $432,556 | TotalAmt |
| Program Services | $317,353 | ProgramServicesAmt |
| Management And General | $115,203 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $676,387 | TotalAmt |
| Program Services | $536,958 | ProgramServicesAmt |
| Management And General | $139,429 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,794 | TotalAmt |
| Program Services | $6,743 | ProgramServicesAmt |
| Management And General | $32,051 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $249,369 | TotalAmt |
| Program Services | $190,509 | ProgramServicesAmt |
| Management And General | $50,143 | ManagementAndGeneralAmt |
| Fundraising | $8,717 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,148 | TotalAmt |
| Program Services | $36,148 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,465,812 | TotalAmt |
| Program Services | $2,465,812 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,953 | TotalAmt |
| Program Services | $15,119 | ProgramServicesAmt |
| Management And General | $13,834 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,558 | TotalAmt |
| Program Services | $12,330 | ProgramServicesAmt |
| Management And General | $5,228 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $657,744 | TotalAmt |
| Program Services | $652,460 | ProgramServicesAmt |
| Management And General | $5,284 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,568,708 | TotalAmt |
| Program Services | $3,540,038 | ProgramServicesAmt |
| Management And General | $28,670 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $163,593 | TotalAmt |
| Program Services | $162,279 | ProgramServicesAmt |
| Management And General | $1,314 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| UNIFORMS, LINEN & LAUND | $200,905 | $200,905 | |
| PHYSICIAN SERVICES | $127,000 | $127,000 | |
| CABLE TV, BEAUTY PARLOR | $121,959 | $121,959 | |
| MINOR EQUIP | $57,725 | $55,763 | $1,962 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,223,677 | TotalAmt |
| Program Services | $878,867 | ProgramServicesAmt |
| Management And General | $307,233 | ManagementAndGeneralAmt |
| Fundraising | $37,577 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,877,067 | TotalAmt |
| Program Services | $17,956,729 | ProgramServicesAmt |
| Management And General | $1,820,175 | ManagementAndGeneralAmt |
| Fundraising | $100,163 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,105,790 | BOYAmt |
| EOY | $6,187,518 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $858,988 | BOYAmt |
| EOY | $1,187,811 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,159 | BOYAmt |
| EOY | $89,170 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $226,848 | BOYAmt |
| EOY | $215,909 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $78,896,063 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $37,966,643 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,723,581 | BOYAmt |
| EOY | $40,929,420 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,514,771 | BOYAmt |
| EOY | $44,416,616 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,935,440 | BOYAmt |
| EOY | $7,898,827 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $238,755 | BOYAmt |
| EOY | $214,749 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $98,678,332 | BOYAmt |
| EOY | $101,140,020 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,167,642 | BOYAmt |
| EOY | $3,373,604 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,366,434 | BOYAmt |
| EOY | $29,240,638 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,933,547 | BOYAmt |
| EOY | $22,810,371 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,577,147 | BOYAmt |
| EOY | $7,120,698 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,044,770 | BOYAmt |
| EOY | $62,545,311 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,815,748 | BOYAmt |
| EOY | $21,547,839 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,817,814 | BOYAmt |
| EOY | $17,046,870 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,633,562 | BOYAmt |
| EOY | $38,594,709 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $98,678,332 | BOYAmt |
| EOY | $101,140,020 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $4,589,199 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$1,088,805 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$539,247 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $280,370 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $332,419 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $281,937 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $313,039 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,166,775 | CurrentTaxYearAmt |
| Total | $3,374,540 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $17,538,871 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $20,149,036 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,284,493 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $20,181,735 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $21,198,658 | CurrentTaxYearAmt |
| Total | $98,352,793 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $17,819,241 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $20,481,455 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,566,430 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $20,494,774 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $23,365,433 | CurrentTaxYearAmt |
| Total | $101,727,333 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,150 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,445 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,050 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $9,775 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $48,015 | CurrentTaxYearAmt |
| Total | $77,435 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,150 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,445 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,050 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $9,775 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $48,015 | CurrentTaxYearAmt |
| Total | $77,435 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $101,649,898 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $813,072 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $810,928 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $901,797 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $983,264 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,119,254 | CurrentTaxYearAmt |
| Total | $4,628,315 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $813,072 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $810,928 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $901,797 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $983,264 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,119,254 | CurrentTaxYearAmt |
| Total | $4,628,315 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $18,632,313 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $21,292,383 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $20,468,227 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $21,478,038 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $24,484,687 | CurrentTaxYearAmt |
| Total | $106,355,648 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.95580 | PublicSupportCY509Pct |
| Public Support PY509 | 0.94380 | PublicSupportPY509Pct |
| Investment Income CY | 0.04350 | InvestmentIncomeCYPct |
| Investment Income PY | 0.04440 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| 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) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $300 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $300 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | THE PINES IS A MEMBER OF AND PAYS DUES TO LEADINGAGE NORTH CAROLINA. A PORTION OF ITS DUES PAID ARE ATTRIBUTABLE TO LOBBYING EXPENDITURES. | ExplanationTxt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,452,610 | OtherCostOrOtherBasisAmt |
| Book Value | $6,452,610 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $50,267,810 | OtherCostOrOtherBasisAmt |
| Depreciation | $27,191,676 | DepreciationAmt |
| Book Value | $23,076,134 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,757,835 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,942,867 | DepreciationAmt |
| Book Value | $3,814,968 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,015,363 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,832,100 | DepreciationAmt |
| Book Value | $4,183,263 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,402,445 | OtherCostOrOtherBasisAmt |
| Book Value | $3,402,445 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $40,929,420 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (9 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| CASH EQUIVALENT - UNRESTRICTED | $4,639,753 | C |
| SHORT TERM INVESTMENTS | $255,492 | C |
| BOND FUND 94 - INTEREST ACCOUNT | $137 | C |
| '15 BONDS INTEREST ACCT | $138,622 | C |
| '15 BONDS PRINCIPAL ACCT | $685,000 | C |
| INTEREST ACCT 2013 BONDS | $187,251 | C |
| SINKING FUND 2013 BONDS | $450,000 | C |
| 2018 ESCROW FUND | $1,436,438 | C |
| DEBT SERV RESERVE FUND 94 BONDS | $106,134 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $7,898,827 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| INTEREST PAYABLE | $328,870 |
| REFUNDABLE ENTRANCE FEES AND DEPOSITS | $6,791,828 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $7,120,698 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE PINES IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PINES QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170 AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE PINES FILES AS A TAX-EXEMPT ORGANIZATION. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE TAX-EXEMPT STATUS OF THE ORGANIZATION. MANAGEMENT IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES FOR THE ORGANIZATION. THE PINES FOLLOWS GUIDANCE ON THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE IMPLEMENTATION HAS HAD NO IMPACT ON THE PINES' CONSOLIDATED FINANCIAL STATEMENTS. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|
| TOWN OF DAVIDSON | ||||||
| PO BOX 579 | DAVIDSON | NC | 28036 | 566001212 | $120,000 | VOLUNTARY CONTRIBUTION |
| MECKLENBURG COUNTY | ||||||
| PO BOX 34486 | CHARLOTTE | NC | 28234 | 566000319 | $160,000 | VOLUNTARY CONTRIBUTION |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | RESIDENT SUPPORT | GrantTypeTxt |
| Recipient | 5 | RecipientCnt |
| Cash Grant | $163,069 | CashGrantAmt |
| Valuation Method Used | BOOK | ValuationMethodUsedDesc |
| Non Cash Assistance | DISCOUNTED MONTHLY FEE | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | NOTWITHSTANDING THE FACT THAT THE PINES IS EXEMPT FROM PROPERTY TAXES, THE PINES MAKES VOLUNTARY CONTRIBUTIONS TO THE TOWN OF DAVIDSON AND MECKLENBURG COUNTY TO HELP OFFSET THE COST OF SERVICES PROVIDED TO THE PINES BY SUCH GOVERNMENTAL ENTITIES. AS A GENERAL RULE SUCH CONTRIBUTIONS ARE UNRESTRICTED AND REQUIRE NO MONITORING. IN THE EVENT SUCH CONTRIBUTIONS ARE RESTRICTED FOR A SPECIFIC PURPOSE OR USE, SUCH AS BY THE FIRE DEPARTMENT, THE ORGANIZATION RELIES UPON COMMUNICATIONS WITH APPROPRIATE GOVERNMENT OFFICIALS TO VERIFY SUCH CONTRIBUTIONS ARE USED FOR THE RESTRICTED PURPOSE. A RESIDENT MAY MAKE APPLICATION FOR ASSISTANCE WITH MONTHLY FEES. THE PINES RECONCILES A RESIDENT'S NET WORTH AS REPORTED AT THE TIME OF ADMISSION TO THE PINES TO CONFIDENTIAL FINANCIAL STATEMENT SUBMITTED AT THE TIME OF APPLICATION FOR ASSISTANCE TO THE PINES TO DETERMINE IF THE DEPLETION OF THE RESIDENT'S FINANCIAL RESOURCES HAS BEEN FOR REASONABLE AND JUSTIFIABLE REASONS. DOCUMENTATION REQUIRED MAY INCLUDE BUT IS NOT LIMITED TO PAST AND PRESENT TAX RETURNS, STATEMENTS FROM BROKERAGE/INVESTMENT ACCOUNTS, BANK ACCOUNT STATEMENTS, SETTLEMENT STATEMENT FOR SALE OF RESIDENCE. ALL APPLICANTS GO THROUGH THIS PROCESS AND ARE TREATED CONSISTENTLY. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STEVEN H JEWELL | ||||||||||||||
| EXECUTIVE DIRECTOR | $164,419 | $0 | $51,428 | $0 | $0 | $0 | $6,418 | $0 | $19,280 | $0 | $241,545 | $0 | $0 | $0 |
| DAVID C RAINEY | ||||||||||||||
| VICE PRESIDENT/CFO | $139,090 | $0 | $43,451 | $0 | $1,684 | $0 | $14,303 | $0 | $9,629 | $0 | $208,157 | $0 | $0 | $0 |
| SCOTT S CHINERY | ||||||||||||||
| DIRECTOR OF PLANT SERVICES | $79,341 | $0 | $37,631 | $0 | $0 | $0 | $31,724 | $0 | $19,115 | $0 | $167,811 | $0 | $0 | $0 |
| CAROLYN R PICTON | ||||||||||||||
| DIRECTOR OF MARKETING | $51,938 | $0 | $58,873 | $0 | $0 | $0 | $20,170 | $0 | $26,165 | $0 | $157,146 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 4B | STEVE JEWELL PARTICIPATED IN A 457(B) DEFERRED COMPENSATION PLAN, BUT NO AMOUNTS WERE PAID OR ACCRUED DURING 2018. |
| PART I, LINE 7 | ALL BONUSES ARE DISCRETIONARY AND BASED ON INDIVIDUAL AND OVERALL COMPANY PERFORMANCE. FOR FURTHER INFORMATION ABOUT HOW THE PINES SETS COMPENSATION, SEE PAGE 2 OF SCHEDULE O UNDER THE HEADING "FORM 990, PART VI, SECTION B, LINE 15". |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| NC MEDICAL CARE COMMISSION | |||||||
| A | 521309402 | 2013-09-17 | $14,645,000 | FACILITY EXPANSION | 0 | 0 | 0 |
| NC MEDICAL CARE COMMISSION | |||||||
| B | 521309402 | 2015-10-07 | $11,125,000 | REFUNDING | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Capitalized InterestCapitalizedInterestAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Other Spent ProceedsOtherSpentProceedsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $1,270,000 | $14,645,000 | $512,324 | $292,900 | $13,839,776 | 2014 | 0 | 0 | Yes (1) | Yes (1) | |
| B | $1,465,000 | $11,125,000 | $171,586 | Yes (1) | 0 | Yes (1) | Yes (1) | $10,953,414 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | Yes (1) | 0 | Yes (1) | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| DATE REBATE COMPUTATION PERFORMED | ISSUER NAME: NC MEDICAL CARE COMMISSION DATE THE REBATE COMPUTATION WAS PERFORMED: 12/31/2017 |
| ISSUE A, PART IV, LINE 2C | PFM PERFORMED THE REBATE CALCULATION FOR THE PINES IN JUNE, 2018. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | EX OFFICIO MEMBERS DO NOT HAVE VOTING RIGHTS |
| FORM 990, PART VI, SECTION B, LINE 11B | THE BOARD OF DIRECTORS OF THE PINES AT DAVIDSON MAINTAINS AN AUDIT COMMITTEE AS ONE OF ITS STANDING COMMITTEES. ALL MEMBERS OF THE AUDIT COMMITTEE ARE VOLUNTEER DIRECTORS WHO ARE INDEPENDENT OF MANAGEMENT. ALL MEMBERS OF THE AUDIT COMMITTEE ARE EXPERIENCED BUSINESS PEOPLE OR CPAS AND THE CHAIRPERSON IS A CPA. THE CHAIRPERSON ALSO SERVES AS A MEMBER OF THE EXECUTIVE COMMITEE OF THE ORGANIZATION'S BOARD OF DIRECTORS AND REPORTS AS NEEDED DIRECTLY TO THE BOARD OF DIRECTORS. THE AUDIT COMMITTEE MEETS AT LEAST ANNUALLY IN EXECUTIVE SESSION WITH THE AUDITORS WITHOUT MANAGEMENT PRESENT. CLIFTONLARSONALLEN AUDITS THE ORGANIZATION AND ALSO PREPARES ITS FORM 990 BASED ON INFORMATION PROVIDED BY THE PINES' MANAGEMENT. PRIOR TO FILING THE FORM 990 TAX RETURN THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE. A COPY OF THE FORM 990 IS ALSO PROVIDED TO ALL DIRECTORS PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION MONITORS THE CONFLICT OF INTEREST POLICY BY SENDING A QUESTIONNAIRE PREPARED BY THE ORGANIZATION'S ATTORNEY AT LEAST ANNUALLY TO ALL DIRECTORS. THE DIRECTORS RETURN THE SIGNED QUESTIONNAIRES. MANAGEMENT OF THE PINES WORKS CLOSELY WITH ITS LEGAL AND TAX ADVISORS IN THE EVENT ANY DIRECTORS INDICATE POTENTIAL CONFLICTS AND PROVIDE ASSISTANCE IN DETERMINING PROPER TREATMENT AND DISCLOSURE. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND/OR THE BOARD OF DIRECTORS IS ALSO APPRISED OF ANY POTENTIAL CONFLICTS OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE OF THE PINES' BOARD OF DIRECTORS ("BOARD") SERVES AS THE COMPENSATION COMMITTEE, EVALUATING PERFORMANCE AND SETTING COMPENSATION FOR THE PRESIDENT/EXECUTIVE DIRECTOR AND VICE PRESIDENT/CFO OF THE PINES. THE EXECUTIVE COMMITTEE IS COMPRISED OF THOSE DIRECTORS OF THE CORPORATION WHO ARE THE CHAIRPERSON, VICE CHAIRPERSON, TREASURER, AND SECRETARY OF THE CORPORATION AND THE CHAIRPERSONS OF THE COMMITTEES OF THE BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE MEETS AT LEAST ANNUALLY. THE COMMITTEE ASSESSES JOB PERFORMANCE AGAINST OBJECTIVES ESTABLISHED BY THE BOARD AS PART OF THE CORPORATION'S STRATEGIC PLAN, WHICH FOR 2017 INCLUDED EIGHT KEY STRATEGIC GOALS: (1) DELIGHTED RESIDENTS; (2) HIGH QUALITY HEALTHCARE AND OTHER SERVICES; (3) A CARING, TALENTED AND LOYAL STAFF; (4) STATE-OF-THE-ART FACILITIES; (5) STRONG COMMUNITY RELATIONS; (6) AN INNOVATIVE CULTURE AND A SPIRIT OF INQUIRY; (7) EFFECTIVE BOARD GOVERNANCE; AND (8) FINANCIAL STRENGTH. THE BOARD ALSO ADOPTED QUANTIFIABLE, MEASUREABLE OBJECTIVES FOR EACH OF THESE EIGHT KEY GOALS TO HELP MEASURE PERFORMANCE OF THE PINES' MANAGEMENT TEAM. SOME EXAMPLES OF SUCH OBJECTIVES INCLUDE (NUMBERS IN PARENTHESES REFER TO THE RELATED STRATEGIC GOAL): MAINTAINING A PASSING HEALTH DEPARTMENT RATING ON THE POOLS (4); ACHIEVING A COUNTY HEALTH DEPARTMENT RESTAURANT SANITATION SCORE OF 93 OR BETTER (2); HAVING NO INCIDENTS OF RESIDENT ABUSE OR NEGLECT (2); MEETING EMPLOYEE TURNOVER AND SATISFACTION OBJECTIVES (3); MEETING RESIDENT SATISFACTION OBJECTIVES (1); ANSWERING NURSING CALL BELLS WITHIN THREE MINUTES 95% OF THE TIME (1); STRIVING TO RESPOND TO ALL LIFE SAFETY RELATED AND HIGH PRIORITY WORK ORDERS IN A TIMELY MANNER (1); RAISING GIFTS TO GROW THE ENTRY ASSISTANCE FUND (5); SCORING AT THE MEDIAN OR BETTER ON 17 KEY FINANCIAL RATIOS CALCULATED ANNUALLY ON APPROXIMATELY 109 SINGLE-SITE, NONPROFIT, ACCREDITED CONTINUING CARE RETIREMENT COMMUNITIES (8); STRIVING TO MAINTAIN AN 'A-' FITCH RATING OR BETTER (IN 2019, THIS OBJECTIVE CHANGED TO STRIVE TO MAINTAIN A FITCH INVESTMENT GRADE RATING OF 'BBB+ OR BETTER THROUGH DECEMBER 31, 2028, AND THEREAFTER STRIVE TO ACHIEVE AND MAINTAIN A FITCH INVESTMENT GRADE RATING OF 'A- OR BETTER) (8); OPERATING THE FACILITY AT AN OPERATING MARGIN OF 3% TO 5% OR BETTER (8); MAINTAINING POSITIVE CASH FLOW EACH YEAR AS MEASURED BY CASH USED OR PROVIDED FROM OPERATIONS (8); AND MAINTAINING 95% OCCUPANCY OR BETTER IN INDEPENDENT LIVING (6). THE COMPENSATION COMMITTEE CONSIDERS COMPENSATION FOR SIMILAR POSITIONS AT OTHER NONPROFIT ORGANIZATIONS IN THE SAME INDUSTRY WITH COMPARABLE TOTAL REVENUES. THE PINES' INDEPENDENT COMPENSATION CONSULTANT GATHERS SUCH INFORMATION ON APPROXIMATELY 45 OTHER NONPROFIT CONTINUING CARE RETIREMENT COMMUNITIES (MAINLY IN NC, SC, VA & MD). SIMILAR INFORMATION IS GATHERED ON 21 NONPROFIT CCRCS (PRIMARILY ON THE EAST COAST). THE COMPENSATION COMMITTEE ALSO CONSIDERS A NATIONAL COMPENSATION SURVEY DONE FOR LEADING AGE THAT PROVIDES REGIONAL AND NATIONAL COMPENSATION DATA FOR SIMILAR POSITIONS AT APPROXIMATELY 520 NONPROFIT CONTINUING CARE RETIREMENT COMMUNITIES. THE PRESIDENT AND VICE PRESIDENT RANK BELOW THE 75TH PERCENTILE WHEN THEIR COMBINED ANNUAL COMPENSATION IS COMPARED TO THE COMPENSATION SURVEY INFORMATION REFERRED TO ABOVE. |
| FORM 990, PART VI, SECTION C, LINE 19 | FORM 990 AS WELL AS THE CONFLICT OF INTEREST POLICY AND THE CORPORATE BYLAWS ARE AVAILABLE ON REQUEST AT THE BUSINESS OFFICE OF THE PINES. THE AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON REQUEST AND A COPY IS KEPT IN THE LIBRARY OF THE PINES AT DAVIDSON. THE ORGANIZATION FILES A DISCLOSURE STATEMENT ANNUALLY WITH THE NORTH CAROLINA DEPARTMENT OF INSURANCE AND IS AVAILABLE ON THE NCDOI WEBSITE. SUCH DISCLOSURE STATEMENT CONTAINS SIGNIFICANT INFORMATION ABOUT THE STATUS AND OPERATIONS OF THE PINES. SUCH DISCLOSURE STATEMENT IS ALSO AVAILABLE IN THE LIBRARY OF THE PINES AND IS DISTRIBUTED TO ALL APPLICANTS FOR RESIDENCE. |
| FORM 990, PART XI, LINE 9: | NET ASSET RELEASED FROM RESTRICTION FOR OPERATIONS 2,333,459. CHANGE IN VALUE OF TEMP RESTRICTED PLEDGES -112,140. NET ASSETS RELEASED FROM DONOR RESTRICTIONS -2,760,566. |
| FORM 990, PART XII, LINE 2C: | NO CHANGE IN METHOD SINCE THE PRIOR YEAR. |
| FORM 990, PART I, LINE 19 RECONCILIATION | THE REVENUE LESS EXPENSES FOR THE FISCAL YEAR 2018, AS REPORTED ON PART I, LINE 19 OF THE FORM 990, RECONCILES TO THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS IN THE FOLLOWING MANNER: TOTAL OPERATING REVENUE AND SUPPORT 21,810,079 TOTAL OPERATING EXPENSES 19,877,067 INCREASE IN UNRESTRICTED NET ASSETS 1,933,012 FORM 990, PART I, LINE 19 -- REVENUE LESS EXPENSES 4,589,199 RESTRICTED CONTRIBUTIONS (2,166,175) UNRESTRICTED CONTRIBUTIONS (600) RESTRICTED INTEREST INCOME (489,412) PER AUDITED FINANCIAL STATEMENTS 1,933,012 THE INCREASE IN UNRESTRICTED NET ASSETS OF $1,933,012 FOR FISCAL YEAR 2018 REPRESENTS 8.9% OF TOTAL OPERATING REVENUE OF $21,810,079 FOR SUCH YEAR. THIS RATIO IS REFERRED TO AS THE OPERATING MARGIN RATIO. AN OPERATING RATIO OF 8.9% MEANS THAT $8.90 OUT OF EVERY $100 IN OPERATING REVENUES REMAINED AFTER ACCOUNTING FOR OPERATING EXPENSES. BY WAY OF COMPARISON, THE 75TH PERCENTILE OPERATING MARGIN RATIO FOR A GROUP OF APPROXIMATELY 109 SINGLE SITE ACCREDITED CONTINUING CARE RETIREMENT COMMUNITIES WAS 4.75% FOR 2018 (SOURCE: 2019 FINANCIAL RATIOS TREND ANALYSIS OF CARF-CCAC ACCREDITED ORGANIZATIONS). A POSITIVE OPERATING MARGIN OVER TIME IS AN INDICATION THAT THE PINES CAN PRUDENTLY MANAGE ITS COSTS AND EXPENSES FROM YEAR TO YEAR, AND THAT THE PINES IS FINANCIALLY STABLE ENOUGH TO SUPPORT ITS SERVICES. THE OPERATING MARGIN INCREASED FROM 4.4% IN 2017 TO 8.9% IN 2018 BECAUSE TOTAL OPERATING REVENUE BETWEEN YEARS INCREASED APPROXIMATELY 4.7% (MAINLY DUE TO FAVORABLE CHANGES IN OCCUPANCY AND UNIT MIX) AND TOTAL OPERATING EXPENSES DECREASED 0.1%. THE PINES BEGAN PLANNING FOR A MAJOR EXPANSION OF ITS FACILITIES AND SERVICES IN 2016 THAT EXTENDED THROUGH 2018 ("PROJECT"). THE PROJECT INCLUDES ADDING A TWO STORY ADDITION TO THE NURSING UNIT (NET INCREASE OF 24 NURSING BEDS); RENOVATING ASSISTED LIVING DINING; ADDING A NEW TWO STORY LARGE MEETING ROOM; ADDING NEW FITNESS EQUIPMENT SPACE; RENOVATING THE DINING FACILITIES TO INCLUDE A MARKETPLACE, COFFEE/GELATO KIOSK, PUB AND WAITED TABLE SERVICE; ADDING TWO NEW APARTMENT BUILDINGS CONTAINING 38 NEW VILLA APARTMENTS; AND ADDING PARKING AND A NEW SECOND ENTRANCE. IN JANUARY 2019, THE PINES' CONSTRUCTION MANAGER BEGAN SITE WORK IN CONNECTION WITH THE PROJECT. IN DECEMBER OF 2017 THE PINES' CREDIT RATING WAS REVISED BY FITCH FROM AN 'A-' TO AN 'A' CREDIT RATING. IN FEBRUARY 2019, AS EXPECTED THE PINES' CREDIT RATING WAS REVISED BY FITCH FROM AN 'A' TO A 'BBB+' CREDIT RATING IN RESPONSE TO THE PROJECTED CHANGES IN THE PINES' FINANCIAL POSITION AS A RESULT OF UNDERTAKING THE PROJECT. AN ORGANIZATION WITH AN INVESTMENT GRADE RATING (CONSIDERED TO BE 'BBB- OR HIGHER) CAN TYPICALLY BORROW FUNDS AT LOWER, MORE FAVORABLE INTEREST RATES. IN ITS REPORT ENTITLED "2019 MEDIAN RATIOS FOR NOT-FOR-PROFIT LIFE PLAN COMMUNITIES," FITCH REPORTS THAT OUT OF 151 RATED LIFE COMMUNITIES (I.E. CONTINUING CARE RETIREMENT COMMUNITIES) ONLY 60 WERE RATED 'BBB+ OR HIGHER. IN MARCH 2019, THE PINES BORROWED $46 MILLION IN TAX EXEMPT PUBLIC DEBT AND ARRANGED TO BORROW AN ADDITIONAL $12 MILLION IN TAX EXEMPT BANK DEBT. THE PINES' INVESTMENT BANKING FIRM (ZIEGLER) ESTIMATES THAT THE PINES' "BBB+" CREDIT RATING RESULTED IN A COST OF BORROWING THAT WAS 0.65% LOWER THAN IF THE TRANSACTION WERE NON-RATED, RESULTING IN A GROSS CASH FLOW SAVINGS OF $9,768,326. IN ADDITION, THE "BBB+" CREDIT RATING ENABLED THE PINES TO BORROW FUNDS WITHOUT MAINTAINING A DEBT SERVICE RESERVE FUND, WHICH REDUCED THE BORROWING NEED BY APPROXIMATELY $3.5 MILLION. IN SUMMARY, THE PINES PROFITABILITY (REFLECTED IN THE 8.9% OPERATING MARGIN FOR 2018) IS BEING USED TO HELP FINANCE IMPROVEMENTS IN THE PINES' FACILITIES AND SERVICES IN 2019 AND BEYOND. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MECKLENBURG REAL ESTATE HOLDINGS LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 33429 | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28233 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 471154878 | EIN |
| Primary Activities | REAL ESTATE INVESTMENTS | PrimaryActivitiesTxt |
| Legal Domicile State | NC | LegalDomicileStateCd |
| End Of Year Assets | $183,806 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PINES AT DAVIDSON INC | BusinessNameLine1Txt |