2025-11-13T11:35:44-05:00 2024-12-31 990 2024-01-01 581681364 ALAMANCE EXTENDED CARE INC ALAM 3365455407 5603 NEW GARDEN VILLAGE DR GREENSBORO NC 27410 RHONDA CUMMONS Co Director of Finance 3364589117 2025-11-13 2024 2025-03-06 01:10:19Z X STEPHEN P FLEMING 5603 NEW GARDEN VILLAGE DR GREENSBORO NC 27410 16758442 false X X 1985 NC TO PROVIDE A FULL CONTINUUM OF CARE FOR OLDER ADULTS 21 21 215 35 0 0 342532 208056 13192707 16536223 36948 5277 8839 8886 13581026 16758442 0 0 0 0 7649218 8466616 0 0 0 8669760 8657849 16318978 17124465 -2737952 -366023 53976613 57683334 56594156 60230127 -2617543 -2546793 ALAMANCE EXTENDED CARE IS COMMITTED TO IMPROVING THE HEALTH OF THE COMMUNITY THROUGH THE PROVISION OF A HIGH QUALITY LIFECARE RETIREMENT EXPERIENCE THAT INTEGRATES A CONTINUUM OF RETIREMENT LIVING PREVENTATIVE WELLNESS AND LONGTERM CARE SERVICES. false false 13899403 0 16536223 THE VILLAGE IS A NORTH CAROLINA NONPROFIT CORPORATION WHICH WAS FOUNDED IN 1986. THE VILLAGE WAS ESTABLISHED TO DEVELOP AND OPERATE A CONTINUING CARE RETIREMENT COMMUNITY AND TO PROVIDE HOUSING HEALTH CARE AND RELATED SERVICES TO OLDER ADULTS. THE VILLAGE IS AN AFFILIATE OF WELLSPRING SERVICES INC. SERVICES THE SOLE MEMBER OF THE VILLAGE. THE VILLAGE CONSISTS OF A LIFE PLAN COMMUNITY SITUATED ON APPROXIMATELY 48 ACRES LOCATED IN BURLINGTON NORTH CAROLINA. THE VILLAGE CONSISTS OF 110 INDEPENDENT LIVING APARTMENT UNITS AND 66 INDEPENDENT LIVING COTTAGE UNITS; A 24-UNIT ASSISTED LIVING FACILITY WHICH CONTAINS 12 TRADITIONAL ASSISTED LIVING UNITS AND 12 MEMORY SUPPORT UNITS; A 24-BED SKILLED NURSING UNIT; A COMMUNITY CENTER; AND A WELLNESS CENTER. 0 0 0 0 0 0 0 0 0 13899403 true true false false false false false false false false true false false true true true true true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 60 0 215 true false false false false false false false 0 false false false false false 21 21 false false false false true false false true true false false true true true true true true true true false X THE ORGANIZATION 3365455421 5603 NEW GARDEN VILLAGE DR GREENSBORO NC 27410 KENNETH BOGGS VICE-CHAIR IMM PAST CHAI 1.00 2.00 X X 0 0 0 KATHRYN COOKIE BILLINGS CHAIR 1.00 2.00 X X 0 0 0 JERRY BAILEY BOARD MEMBER 1.00 2.00 X 0 0 0 JEAN DAVISON BOARD MEMBER 1.00 2.00 X 0 0 0 ANTHONY BOYD BOARD MEMBER 1.00 2.00 X 0 0 0 CHRIS BROWN BOARD MEMBER 1.00 2.00 X 0 0 0 WARREN WEBSTER BOARD MEMBER 1.00 2.00 X 0 0 0 BARRY CANNER BOARD MEMBER 1.00 2.00 X 0 0 0 BOB CHANDLER BOARD MEMBER 1.00 2.00 X 0 0 0 TIM CLONTZ BOARD MEMBER 1.00 2.00 X 0 0 0 SALLY CONE BOARD MEMBER 1.00 2.00 X 0 0 0 WENDY GATLIN BOARD MEMBER 1.00 2.00 X 0 0 0 JENNIFER KOENIG BOARD MEMBER 1.00 2.00 X 0 0 0 BONNIE MCALISTER BOARD MEMBER 1.00 2.00 X 0 0 0 BOB POWELL BOARD MEMBER 1.00 2.00 X 0 0 0 SUSAN SHUMAKER BOARD MEMBER 1.00 2.00 X 0 0 0 BEN ZURAW BOARD MEMBER 1.00 2.00 X 0 0 0 STEPHEN P FLEMING PRESIDENT CEO 5.00 40.00 X 0 534571 49201 K ALAN TUTTEROW SECRETARY INTERIM TREAS 5.00 40.00 X 0 410135 37740 APRIL MAYBERRY EXECUTIVE DIRECTOR 40.00 0.00 X 222879 0 17265 CYNTHIA KROKSH DIRECTOR OF NURSING 40.00 0.00 X 148241 0 9675 ELIZABETH S HUNEYCUTT DIRECTOR OF SALES 40.00 0.00 X 122763 0 25231 ARTHUR GARDINER DIRECTOR OF DINING SERVICES 40.00 0.00 X 106093 0 10497 PAMERLA S GILLESPIE QA MANAGER 40.00 0.00 X 105539 0 22646 705515 944706 172255 5 false true false BOULTON CREATIVE 601 WEST SMITH ST GREENSBORO NC 27401 MARKETING 124742 HVAC EXPERTS LLC PO BOX 92 PROSPECT HILL NC 27314 HVAC 157100 BRIGHTVIEW LANDSCAPES LLC PO BOX 740655 ATLANTA GA 30374 LANDSCAPE 201851 QUALITY MECHANICAL 3032 A ROCK HILL RD BURLINGTON NC 27215 CONSTRUCTION 286140 0 0 0 0 0 208056 0 208056 RESIDENT FEES 623990 15173791 15173791 0 0 HEALTH CARE SERVICES 623990 533838 533838 0 0 0 0 0 0 0 0 0 0 0 0 0 0 828594 828594 0 0 16536223 5277 0 0 5277 0 0 0 0 0 0 0 0 8886 0 0 0 8886 0 8886 0 0 8886 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16758442 16536223 0 14163 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6069658 4889971 1179687 0 90762 56575 34187 0 1871846 1166779 705067 0 434350 270744 163606 0 279517 0 279517 0 12793 0 12793 0 66711 0 66711 0 0 0 0 0 0 0 0 0 0 0 245631 164488 81143 0 164770 35 164735 0 1143912 778444 365468 0 115192 80635 34557 0 0 0 0 0 1030987 1030987 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1143183 1143183 0 0 0 0 0 0 3089378 3089378 0 0 606360 606360 0 0 EQUIPMENT RENTAL AND MAINTENANCE 520757 506164 14593 0 RESIDENT ACTIVITIES 62689 2029 60660 0 0 0 0 0 0 0 0 0 175969 113631 62338 0 17124465 13899403 3225062 0 0 0 0 0 1709960 80230 0 0 0 0 488770 551466 0 0 0 0 0 0 30373 32291 64502 0 69871969 18489687 46461247 51382282 0 0 0 0 0 0 0 0 5221761 5637065 53976613 57683334 3723822 2299971 0 0 18485046 25969195 0 0 0 0 0 0 0 0 24474472 23912910 9910816 8048051 56594156 60230127 X -2822094 -2707839 204551 161046 -2617543 -2546793 53976613 57683334 X -366023 0 0 0 0 436773 X false true X true false X 727012 85357 100 342532 208056 1363057 13077922 11814166 2903260 13192707 16536223 57524278 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13804934 11899523 2903360 13535239 16744279 58887335 0 0 0 138048 0 138048 0 0 0 0 0 0 0 0 0 138048 0 138048 58749287 28138 10272 6839 8839 8886 62974 0 0 0 0 0 0 28138 10272 6839 8839 8886 62974 0 0 0 0 0 0 0 0 0 0 0 0 13833072 11909795 2910199 13544078 16753165 58950309 0.9966 0.9959 0.0011 0.0017 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7094034 7094031 58241410 16179015 42062395 923387 423774 499613 3589507 1886898 1702609 23634 23634 51382282 STATUTORY OPERATING RESERVE 3900000 INTEREST RATE SWAP AGREEMENT 1736780 DUE FROM RELATED PARY 285 5637065 REFUNDABLE FESS 3759851 REFUNDABLE RESERVATION FEE 297346 DUE TO RELATED PARTY 3990854 8048051 X 16801947 208056 208056 16593891 164551 164551 16758442 17124465 0 17124465 0 17124465 Part XI, line 2d NET ASSETS RELEASED FROM RESTRICTION Part XI, line 4b DONOR RESTRICTED CONTRIBUTIONS Part I to XII | PartandLinenumber:,Explanation:| Part X Line 2,THE VILLAGE FOLLOWS GUIDANCE ON THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THIS GUIDANCE HAS HAD NO IMPACT ON THE VILLAGES FINANCIAL STATEMENTS.| false false false false false false false false false STEPHEN P FLEMING PRESIDENT CEO 0 441171 0 93400 0 0 0 45316 0 3885 0 583772 0 0 K ALAN TUTTEROW SECRETARY INTERIM TREAS 0 348747 0 61388 0 0 0 34130 0 3610 0 447875 0 0 APRIL MAYBERRY EXECUTIVE DIRECTOR 0 198864 0 24015 0 0 0 11977 0 5289 0 240145 0 0 Part I | PartandLinenumber:,Explanation:|Part I Line 3,COMPENSATION FOR OFFICERS LISTED IN PART VII AND SCHEDULE J PART II WAS PAID BY A RELATED ORGANIZATION. THE PROCEDURES THAT THE RELATED ORGANIZATION FOLLOWS FOR SETTING COMPENSATION ARE AS FOLLOWS: 1. A BOARD OF TRUSTEES COMPENSATION COMMITTEE SHALL BE APPOINTED ANNUALLY BY THE BOARD CHAIR. THE COMMITTEE SHALL BE COMPRISED OF THE CURRENT CHAIR, IMMEDIATE PAST CHAIR, CHAIR-ELECT (IF ANY) AND 1-2 TRUSTEES AT LARGE. 2. THE COMMITTEE SHALL MEET APPROXIMATELY THIRTY DAYS PRIOR TO THE END OF THE WELL-SPRING RETIREMENT COMMUNITY'S FISCAL YEAR. 3. PRIOR TO THE MEETING, THE PRESIDENT/CEO SHALL PROVIDE COMPARABLE SALARY AND BENEFIT DATA THROUGH EXTERNAL SOURCES SUCH AS: THE CEMO SALARY AND BENEFIT REPORT, LEADING AGE NC WAGE SURVEY, PUBLIC RECORD IRS FORM 990S, AND INDEPENDENT SURVEYS. 4. PRIOR TO THE MEETING, THE PRESIDENT/CEO SHALL PROVIDE A STATEMENT OF ACHIEVEMENTS COMPARED TO GOALS FOR THE CURRENT YEAR AND A PRELIMINARY LIST OF PERFORMANCE GOALS FOR THE SUCCEEDING YEAR.| Part I & Part II | PartandLinenumber:,Explanation:| Part I Line 3,5. AT THE MEETING THE PRESIDENT CEO SHALL INFORM THE COMMITTEE OF PROPOSED SALARY ADJUSTMENTS FOR SENIOR MANAGEMENT FOR THE SUCCEEDING YEAR. THE PRESIDENT CEO MAY PRESENT COMPARABLE SALARY DATA FOR SENIOR MANAGEMENT AT THE COMMITTEES DISCRETION. 6. AT THE MEETING AND AFTER PRESENTING YEAR-END RESULTS AND SUCCEEDING YEAR GOALS THE COMMITTEE MAY EXCUSE THE PRESIDENT CEO ENTER INTO EXECUTIVE SESSION AND DISCUSS THE PRESIDENT CEOS PERFORMANCE AND COMPENSATION. 7. AT THE CONCLUSION OF THE MEETING THE BOARD OF TRUSTEES CHAIR SHALL MEET WITH THE PRESIDENT CEO IN ORDER TO REVIEW THE COMMITTEES ASSESSMENT OF PERFORMANCE AND SALARY. SALARY ADJUSTMENTS TO THE PRESIDENT CEOS COMPENSATION SHALL BE AUTHORIZED BY SIGNATURE OF THE BOARD CHAIR OR VICE CHAIR ONLY.|Part I Line 3,8. AT THE FIRST BOARD OF TRUSTEES MEETING FOLLOWING THE COMPENSATION COMMITTEES MEETING THE BOARD OF TRUSTEES CHAIR SHALL REPORT THE COMMITTEES FINDINGS AND THE COMMITTEES ACTIONS REGARDING EMPLOYMENT STATUS RECOMMENDATIONS AND SALARY OR BENEFIT ADJUSTMENTS FOR THE PRESIDENT CEO. EXECUTIVE MANAGERS COMPENSATION PHILOSOPHY OBJECTIVE: THE COMPENSATION COMMITTEE BELIEVES THAT THE PRIMARY OBJECTIVES OF WELL-SPRINGS EXECUTIVE COMPENSATION POLICIES SHOULD BE: - TO ATTRACT AND RETAIN TALENTED EXECUTIVES BY PROVIDING COMPENSATION THAT IS OVERALL HIGHLY COMPETITIVE WITH THE COMPENSATION PROVIDED TO EXECUTIVES AT COMPANIES OF COMPARABLE POSITION IN THE CONTINUING CARE RETIREMENT COMMUNITY FIELD WHILE MAINTAINING COMPENSATION WITHIN LEVELS THAT ARE CONSISTENT WITH WELL-SPRINGS ANNUAL BUDGET FINANCIAL OBJECTIVES OPERATING PERFORMANCE AND RESIDENT AND STAFF SATISFACTION;|Part I Line 3,AND - TO PROVIDE APPROPRIATE INCENTIVES FOR EXECUTIVES TO WORK TOWARD THE ACHIEVEMENT OF WELL-SPRINGS ANNUAL FINANCIAL PERFORMANCE AND BUSINESS GOALS BASED ON WELL-SPRINGS ANNUAL BUDGET. THE COMPENSATION COMMITTEE REVIEWS EXECUTIVE COMPENSATION POLICIES ANNUALLY TAKING INTO CONSIDERATION WELL-SPRINGS FINANCIAL PERFORMANCE ITS ANNUAL BUDGET ITS POSITION IN THE INDUSTRY AND WELL-SPRINGS MISSION STATEMENT AND CORE VALUES. THE COMPENSATION COMMITTEE BELIEVES THAT IN ADDITION TO CORPORATE PERFORMANCE IT IS APPROPRIATE IN SETTING AND REVIEWING EXECUTIVE COMPENSATION TO CONSIDER THE LEVEL OF EXPERIENCE AND RESPONSIBILITIES OF EACH EXECUTIVE OFFICER AS WELL AS THE PERSONAL CONTRIBUTIONS A PARTICULAR INDIVIDUAL MAY MAKE TO THE SUCCESS OF WELL-SPRING RETIREMENT COMMUNITY INC. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024.| Doing Business As Names THE VILLAGE AT BROOKWOOD Part VI, Line 6 IN JULY 2022 WELLSPRING SERVICES BECAME THE SOLE MEMBER OF THE VILLAGE THROUGH A MEMBER SUBSTITUTION AGREEMENT THE MEMBER SUBSTITUTION AGREEMENT WITH ARMC AND THE MOSES H. CONE MEMORIAL HOSPITAL CONE HEALTH. THE MEMBER SUBSTITUTION AGREEMENT WAS ENTERED INTO JANUARY 26 2022 AND THE MEMBER SUBSTITUTION WAS FINALIZED ON JULY 1 2022. Part VI, Line 11a THE RETURN IS EMAILED TO EACH BOARD MEMBER. MEMBERS OF THE FINANCE STAFF ARE AVAILABLE TO RESPOND TO ANY QUESTIONS OR ADDRESS ANY ISSUES. BOARD MEMBERS APPROVED THE RETURN VIA AN EMAIL VOTE. Part VI, Line 12c BEFORE EVERY BOARD MEETING OR COMMITTEE MEETING THE CHAIR WILL ASK EVERY MEMBER TO REVIEW THE AGENDA AND TO DISCLOSE ANY AREA WHERE THEY MAY HAVE CONFLICT SO THAT THE DISCLOSURE IS COMPLETE PRIOR TO DISCUSSION. Part VI, Line 15 THE FOLLOWING METHODS ARE USED TO ESTABLISH COMPENSATION OF OFFICERS: COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT WRITTEN EMPLOYMENT CONTRACT COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. Part VI, Line 19 THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. Part XI, Line 9 | Description:, Explanation:, Amount:| ACCRETED INTEREST, ACCRETED INTEREST, $555194| UNREALIZED LOSS ON SWAP, Change in Value of Interest Rate Swap Agreements, $-118421| WELL SPRING RETIREMENT COMMUNITY INC 5603 NEW GARDEN VILLAGE DR GREENSBORO NC 27410 561497371 RETIREMENT HOME NC 501(C)(3) Charity Status 10 N/A true PACE OF GUILFORD & ROCKINGHAM COUNTIES INC 721 GREEN VALLEY ROAD GREENSBORO NC 27408 271560334 ALL INCLUSIVE ELDERLY CARE NC 501(C)(3) Charity Status 10 N/A false WELL SPRING SERVICES INC 5603 NEW GARDEN VILLAGE DRIVE GREENSBORO NC 27410 900885759 HOLDING COMPANY NC 501(C)(3) Charity Status 12a N/A false ADULT CENTER FOR ENRICHMENT INC 5603 NEW GARDEN VILLAGE DRIVE GREENSBORO NC 27410 561599072 ADULT CARE CENTER NC 501(C)(3) Charity Status 10 N/A true WELL SPRING FOUNDATION 5603 NEW GARDEN VILLAGE DRIVE GREENSBORO NC 27410 582217797 FUNDRAISING NC 501(C)(3) Charity Status 12a N/A true WELL SPRING MANAGEMENT AND DEVELOPMENT COMPANY INC 5603 NEW GARDEN VILLAGE DRIVE GREENSBORO NC 27410 460944965 MANAGEMENT SERVICES NC WELL-SPRING SERVICES C-Corporation 0 0 0 false false false false false true false false false false false false false true true true true true true false WELLSPRING SERVICES WELLSPRING RETIREMENT COMMUNITY INC