2025-11-13T08:14:28-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2024-01-01 566064186 THE PRESBYTERIAN HOME AT CHARLOTTE INC PRES 7045531670 5100 SHARON ROAD CHARLOTTE NC 28210 ANGELA RIGSBEE PRESIDENT AND CEO 7045531670 2025-11-10 1 1 KATHRINE A WARLICK P02065266 7049985200 2025-11-10 2024 2025-03-06 01:10:19Z X THE SHARON AT SOUTHPARK ANGELA RIGSBEE 5100 SHARON ROAD CHARLOTTE NC 28210 42177812 0 X HTTPS://THESHARON.ORG X 1969 NC WE ENRICH RESIDENTS' LIVES BY PROVIDING A NURTURING ENVIRONMENT WITH JOY, PURPOSE, AND WELL-BEING 18 18 448 133 0 0 2067019 293260 33720267 40288562 1038682 1535485 35884 60505 36861852 42177812 1748116 2618284 0 0 15344248 17318492 0 0 153063 18681886 21567445 35774250 41504221 1087602 673591 223264585 228997968 151926943 153756314 71337642 75241654 WE ENRICH THE LIVES OF THOSE WE SERVE BY PROVIDING A NURTURING ENVIRONMENT THAT FOSTERS JOY, PURPOSE, AND WELL-BEING. 0 0 39701783 2618284 40288562 THE PRESBYTERIAN HOME AT CHARLOTTE, INC. PROVIDES HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO RESIDENTS THROUGH THE OPERATION OF A RETIREMENT FACILITY WHICH AT DECEMBER 31, 2024, CONTAINED 253 INDEPENDENT LIVING UNITS, 40 ASSISTED LIVING UNITS, AND A 96 BED HEALTH CARE CENTER. 39701783 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 28 0 1 448 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 1 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X CHARLES R GASKINS 7045533802 5100 SHARON ROAD CHARLOTTE NC 28210 ROBERT T DOOLEY CHAIR 1.00 0.00 X X 0 0 0 RICHARD L NICHOLS PAST CHAIR 1.00 0.00 X X 0 0 0 COOKIE F PARNELL SECRETARY 1.00 0.00 X X 0 0 0 RICHARD D WILLIAMS TREASURER 1.00 0.00 X X 0 0 0 KEITH G BUTLER DIRECTOR 1.00 0.00 X 0 0 0 MARTHA K CADDELL DIRECTOR 1.00 0.00 X 0 0 0 ADELAIDE A DAVIS DIRECTOR 1.00 0.00 X 0 0 0 EDITH M HALL DIRECTOR 1.00 0.00 X 0 0 0 JAMES J HARRIS DIRECTOR 1.00 0.00 X 0 0 0 CLEVE W HOWARD DIRECTOR 1.00 0.00 X 0 0 0 RAY A KILLIAN JR DIRECTOR 1.00 0.00 X 0 0 0 ANNE S MCQUISTON DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM A NICHOLS DIRECTOR 1.00 0.00 X 0 0 0 B PARTHENIA RICHARDSON DIRECTOR 1.00 0.00 X 0 0 0 THECKLA D STERRETT DIRECTOR 1.00 0.00 X 0 0 0 CURTIS L TRENKELBACH DIRECTOR 1.00 0.00 X 0 0 0 WORTH W WILSON DIRECTOR 1.00 0.00 X 0 0 0 JONATHAN C WINDHAM DIRECTOR 1.00 0.00 X 0 0 0 ANGELA RIGSBEE PRESIDENT AND CEO 40.00 1.00 X 286390 0 34057 CHARLES R GASKINS CFO 40.00 1.00 X 251746 0 41938 MILTON MCGOWIAN COO 40.00 0.00 X 212715 0 32119 CORY STEPANSKI DIRECTOR OF FACILITY SERVICES 40.00 0.00 X 125485 0 36949 ANN MARIE LADIS DIRECTOR OF MARKETING 32.00 0.00 X 143771 0 18090 NIKKI J NELSON SALES MANAGER 40.00 0.00 X 122717 0 44229 CARLA ROBERTS LPN 48.00 0.00 X 118191 0 1280 ELIZABETH BYRD VP NURSING SERVICES 40.00 0.00 X 134458 0 11040 1395473 0 219702 16 0 1 0 ROSS ALLEN CUSTOM BUILDERS INC 9313 MONROE ROAD CHARLOTTE NC 28270 BUILDING RENOVATION CONTRACTOR 3738364 MESSER CONSTRUCTION CO 2400 EXECUTIVE STREET CHARLOTTE NC 28208 BUILDING CONSTRUCTION CONTRACTOR 1840833 US FOODS INC 7801 STATESVILLE ROAD CHARLOTTE NC 28269 FOODSERVICE 1476987 SHOOK KELLEY 1545 WEST TRADE STREET CHARLOTTE NC 28216 ARCHITECT SERVICES 1381064 FUNCTIONAL PATHWAYS 10133 SHERRILL BLVD SUITE 200 KNOXVILLE TN 37932 THERAPY CONTRACT SERVICES 1169837 33 293260 26094 293260 INDEPENDENT LIVING 623990 15395298 15395298 HEALTH CARE 623990 11885905 11885905 ENTRANCE FEES 623990 8293905 8293905 ASSISTED LIVING 623990 2663389 2663389 OTHER RESIDENT SERVICE 623990 2050065 2050065 40288562 1481975 1481975 60505 0 60505 60505 60505 53510 0 53510 53510 53510 42177812 40288562 0 1595990 1306965 1306965 1311319 1311319 858965 770836 81804 6325 13645162 12206400 1342865 95897 190314 175448 12898 1968 1676940 1542932 117035 16973 947111 845975 94773 6363 179202 179202 100463 100463 219851 219851 321762 318235 3527 135382 135382 357383 357383 2237535 2236073 1462 3618670 3618670 7444172 7444172 490484 490484 HOUSEKEEPING & MAINTENA 1873203 1873178 25 FOOD & DIETARY 1838702 1838702 HEALTH CARE SUPPLIES 1712934 1712934 1037702 1017179 20523 41504221 39701783 1649375 153063 1650 1650 11881704 12234518 101263 299700 1511717 1608148 409189 578873 210996355 50314645 145294576 160681710 28586684 29938685 35477802 23654684 223264585 228997968 5326021 5106788 53202364 55687387 81475183 81262663 5000000 4936181 6923375 6763295 151926943 153756314 X 67684616 71894073 3653026 3347581 71337642 75241654 223264585 228997968 X 673591 2582700 647721 X X 0 1 X 1 0 X 2186836 3060084 1432369 2067019 293260 9039568 26500784 26753588 27236684 33720267 40288562 154499885 28687620 29813672 28669053 35787286 40581822 163539453 73855 19605 40414 133874 0 73855 19605 40414 133874 163405579 787942 819642 663579 1110525 1542480 4924168 787942 819642 663579 1110525 1542480 4924168 29475562 30633314 29332632 36897811 42124302 168463621 0.97000 0.97030 0.02920 0.02700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2731499 207514 207514 2731499 2696784 242765 208050 2731499 3032006 -335222 2696784 3032006 387526 387526 3032006 3032006 158873 158873 3032006 0.00000 1.00000 0.00000 0 0 464186 464186 200335583 43509281 156826302 10196586 6805364 3391222 160681710 CIP 4979147 OTHER ASSETS 4000 CAPITAL CAMPAIGN FUND 496756 HELD UNDER BOND AGREEMENTS 7730345 BENEFICIAL INTEREST IN FOUNDATION 3590436 STATUTORY OPERATING RESERVE 6854000 23654684 ENTRANCE FEE DEPOSITS 926150 REFUNDABLE ENTRANCE FEES 5837145 6763295 X PART X, LINE 2: THE SHARON AND THE FOUNDATION HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE SHARON AND THE FOUNDATION FILE AS TAX-EXEMPT ORGANIZATIONS. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THEIR TAX-EXEMPT STATUS. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECTED TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. THE SHARON AND THE FOUNDATION FOLLOW GUIDANCE IN THE INCOME TAX STANDARD REGARDING RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THE STANDARD HAS HAD NO IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS. 1 THE SHARON FOUNDATION 5100 SHARON ROAD CHARLOTTE NC 28210 863815687 501(C)(3) 500000 0 CONTINUE TO SUPPORT THE SHARON AT SOUTHPARK UNC CHARLOTTE 9201 UNIVERSITY CITY BLVD CHARLOTTE NC 28223 560791228 170(B)(1)(A)(II) 262793 0 SUPPORT UNCC PROGRAM TO PROVIDE UNDERSERVED SENIORS WITH PERSONALIZED HEALTH ASSESSMENTS INREACH 4530 PARK ROAD SUITE 300 CHARLOTTE NC 28209 521084075 501(C)(3) 110143 0 SUPPORT A WIDE VARIETY OF SERVICES TO INDIVIDUALS WITH INTELLECTUAL AND MENTAL CHALLENGES. ALZHEIMER'S ASSOCIATION 4600 PARK ROAD SUITE 250 CHARLOTTE NC 28209 561440727 501(C)(3) 105000 14701 BOOK PARTICIPATION OF EMPLOYEES IN ANNUAL WALK AND SUPPLIES WALK TO END ALZHEIMER'S AND DEMENTIA EDUCATION QUEEN'S UNIVERSITY 1900 SELWYN AVENUE CHARLOTTE NC 28274 560530003 501(C)(3) 100000 0 LEARNING SOCIETY PROGRAM SHARON PRESBYTERIAN CHURCH 5201 SHARON ROAD CHARLOTTE NC 28210 566018312 501(C)(3) 25000 0 SERVE HUMAN NEED AMERICA'S CHARITIES 14200 PARK MEADOW DR SUITE 330S CHANTILLY VA 20151 541517707 501(C)(3) 20000 0 SUPPORTS NOT FOR PROFIT ORGANIZATIONS TO PROVIDE EMPLOYEE ASSISTANCE DURING PERSONAL HARDSHIPS. LEADINGAGE NC FOUNDATION 1821 HILLANDALE RD STE 1B-333 DURHAM NC 27705 581594182 501(C)(3) 20000 0 HURRICANE HELENE RELIEF FOR SENIOR LIVING COMMUNITIES IN WESTERN NC MEMORY AND MOVEMENT 300 BILLINGSLEY ROAD STE 108 CHARLOTTE NC 28211 464329944 501(C)(3) 10000 0 COMPREHENSIVE CARE FOR MEMORY AND MOVEMENT DISORDERS REGARDLESS OF FINANCIAL SITUATION. SOUTHPARK COMMUNITY PARTNERS 4250 CONGRESS STREET STE 110 CHARLOTTE NC 28209 883306150 501(C)(3) 10000 0 SOUTHPARK AFTER FIVE 10 0 WAIVE ENTRANCE FEE AND/OR SUBSIDIZED SERVICE FEES FOR RESIDENTS 23 1311319 PART I, LINE 2: PRESBYTERIAN HOME AT CHARLOTTE, INC PROVIDES FINANCIAL ASSISTANCE TO ITS RESIDENTS WHO CANNOT AFFORD THE FULL COST OF THEIR CARE. THIS ASSISTANCE WAS GIVEN VIA WAIVED ENTRY FEES AND SUBSIDIZATION OF MONTHLY SERVICE FEES. TWENTY-THREE RESIDENTS RECEIVED FINANCIAL ASSISTANCE IN EXCESS OF $5000 FOR 2024. THEIR ASSISTANCE TOTALED $1,311,319. RECIPIENTS ARE REQUALIFIED ANNUALLY AFTER A REVIEW OF THEIR INCOME AND EXPENSES. FINANCIAL RECORDS ARE KEPT ON ALL ASSISTANCE. X X X X X 0 0 0 1 0 1 0 1 0 ANGELA RIGSBEE PRESIDENT AND CEO 253647 0 30000 0 2743 0 9548 0 24509 0 320447 0 0 0 CHARLES R GASKINS CFO 214783 0 26600 0 10363 0 8602 0 33336 0 293684 0 0 0 MILTON MCGOWIAN COO 191115 0 21600 0 0 0 7096 0 25023 0 244834 0 0 0 NIKKI J NELSON SALES MANAGER 122717 0 0 0 0 0 4466 0 39763 0 166946 0 0 0 CORY STEPANSKI DIRECTOR OF FACILITY SERVICES 125485 0 0 0 0 0 4522 0 32427 0 162434 0 0 0 ANN MARIE LADIS DIRECTOR OF MARKETING 143771 0 0 0 0 0 4733 0 13357 0 161861 0 0 0 PART I, LINE 3 THE COMPANY DOES NOT HAVE AN EXTERNAL REVIEW, HOWEVER, THE EXECUTIVE COMMITTEE OF THE SHARON'S BOARD SERVES AS THE COMPENSATION COMMITTEE. THE COMMITTEE IS GIVEN A WAGE AND SALARY SURVEY CONDUCTED ANNUALLY BY THE LEADINGAGE NATIONAL AND THE HOSPITAL AND HEALTH CARE COMPENSATION SERVICE. THE SURVEY CONSISTS OF DATA FROM OTHER CONTINUING CARE RETIREMENT COMMUNITIES (CCRC'S) FOR THE ENTIRE COUNTRY. THE DELIBERATION AND DECISION IS THEN DOCUMENTED AND PLACED IN THE CEO'S FILE HELD BY THE BOARD CHAIR. A COPY IS ALSO KEPT IN THE SHARON'S HUMAN RESOURCES RECORDS. PART I, LINE 5 CEO, CFO, & VPS HAD CERTAIN TARGETS TO ATTAIN INCLUDING "INCOME AVAILABLE FOR DEBT SERVICE" COMPARED TO FORECASTED FIGURES TO EARN A PORTION OF THEIR BONUS. PART I, LINE 6 CEO, CFO, & VPS HAD CERTAIN TARGETS TO ATTAIN INCLUDING "INCOME AVAILABLE FOR DEBT SERVICE" COMPARED TO FORECASTED FIGURES TO EARN A PORTION OF THEIR BONUS. PART I, LINE 7 CEO, CFO, AND VP'S HAD CERTAIN NON-FINANCIAL GOALS TO MEET IN ORDER TO RECEIVE A PORTION OF THEIR BONUS. A NC MEDICAL CARE COMMISSION A BONDS 521309402 65820YQK5 2019-12-05 83995931 SEE PART VI 0 0 0 A 83995931 5269750 7977517 1616080 64242584 4890000 2023 1 0 0 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NC MEDICAL CARE COMMISSION A BONDS DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2024 PART I, ISSUE A THE PURPOSE OF THIS BOND ISSUE WAS TO FINANCE THE COSTS OF CONSTRUCTING AND EQUIPPING A NEW INDEPENDENT LIVING APARTMENT BUILDING, TO FUND CAPITAL IMPROVEMENTS TO BUILDINGS THROUGHOUT THE ORGANIZATION'S CAMPUS, TO REFUND THE OUTSTANDING 2001 VARIABLE RATE DEMAND HEALTH CARE FACILITIES REVENUE BONDS, TO TERMINATE ITS INTEREST RATE SWAP AGREEMENT, TO FUND A DEBT SERVICE RESERVE FUND, TO PAY A PORTION OF THE INTEREST ACCRUED ON THE SERIES 2019A BONDS, AND TO PAY CERTAIN EXPENSES INCURRED IN CONNECTION WITH THE ISSUANCE OF THE SERIES 2019A BONDS. X 1 1094 MARKET PRICE X GRAND PIANO 1 25000 APPRAISED VALUE 1 0 1 1 PART I, COLUMN (B): COLUMN B REPRESENTS THE NUMBER OF DONORS. PART I, LINE 32B: FOR CONTRIBUTIONS OF STOCK, THE ORGANIZATION USES A THIRD PARTY BROKER TO SELL THE STOCK DONATED AND CONVERT IT TO CASH. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE VOTES ON ISSUES THAT COME UP IN BETWEEN BOARD MEETINGS. THEIR DECISIONS ARE RATIFIED AT THE NEXT FULL BOARD MEETING. THE EXECUTIVE COMMITTEE IS MADE UP OF THE IMMEDIATE PAST BOARD CHAIR, THE CURRENT BOARD CHAIR, THE SECRETARY, THE TREASURER, AND COMMITTEE CHAIRS. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION REVISED ITS BYLAWS TO REDUCE THE NUMBER OF BOARD MEMBERS FROM 18-24 TO 12-16 MEMBERS. IN ADDITION, THE CHIEF OPERATING OFFICER WAS ADDED TO ARTICLE 4 "OFFICERS." FORM 990, PART VI, SECTION A, LINE 7A THE BOARD PRESENTS A NEW CLASS OF BOARD MEMBERS ANNUALLY TO THE PRESBYTERY OF CHARLOTTE. THE PRESBYTERY APPROVES THE NEW MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B AFTER RECEIVING THE FORM 990 FROM OUR AUDITOR, IT IS REVIEWED BY OUR CHIEF FINANCIAL OFFICER AND CEO. THE REDACTED VERSION WITHOUT DONOR NAMES IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST STATEMENT DISCLOSING ANY POTENTIAL CONFLICTS OF INTEREST; BOARD MEMBERS ABSTAIN FROM ANY DECISION/VOTE THAT MAY BE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 IN 2024 THE COMPANY HAD AN EXTERNAL COMPENSATION REVIEW. THE EXECUTIVE COMMITTEE OF THE SHARON'S BOARD SERVES AS THE COMPENSATION COMMITTEE. THE COMMITTEE WAS GIVEN THIS WAGE AND SALARY SURVEY CONDUCTED BY AN INDEPENDENT SALARY CONSULTANT. THE DATA INCLUDED MULTIPLE SALARY SURVEYS INCLUDING CCRC'S AS WELL AS SIMILAR & COMPETING ORGANIZATIONS. THIS DATA WAS USED IN CONFIRMING THE 2024 SALARY AND ADJUSTMENTS WERE MADE IN 2025. CEO COMPENSATION IS DOCUMENTED AND PLACED IN THE CEO'S FILE HELD BY THE BOARD CHAIR. A COPY IS ALSO KEPT IN THE SHARON'S RECORDS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST, AND FINANCIALS ARE ALSO AVAILABLE ON MSRB/EMMA REPORTING WEBSITE FOR BONDS FORM 990, PART XI, LINE 9: BENEFICIAL INTEREST IN NET ASSETS OF THE FOUNDATION 647,721. FORM 990, PART XII, LINE 2C: THE PROCESS OF SELECTING AND OVERSEEING THE INDEPENDENT ACCOUNTANT IS UNCHANGED FROM THE PRIOR YEAR. THE SHARON FOUNDATION 5100 SHARON ROAD CHARLOTTE NC 28210 863815687 SUPPORT OF SHARON TOWERS NC 501(C)(3) LINE 12A, I THE PRESBYTERIAN HOME AT CHARLOTTE 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 0 THE SHARON FOUNDATION B 500000 CASH