CAROLINA VILLAGE INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- CAROLINA VILLAGE INC (EIN 23-7179679)
- Tax period
- 2010-04-01 to 2011-03-31
- Filed
- 2011-11-02
- IRS object ID
- 201113069349300516
- Schema version
- 2010v3.4
- 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 D
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-02T09:45:30-05:00 | Timestamp |
| Tax Period End Date | 2011-03-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DIXON HUGHES GOODMAN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 RIDGEFIELD COURT | AddressLine1 |
| City | ASHEVILLE | City |
| State | NC | State |
| ZIP Code | 28806 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-04-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237179679 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CAROLINA VILLAGE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CARO | NameControl |
| Phone | 8286926275 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 CAROLINA VILLAGE ROAD | AddressLine1 |
| City | HENDERSONVILLE | City |
| State | NC | State |
| ZIP Code | 28792 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BRUCE D BELL | Name |
| Title | CFO | Title |
| Phone | 8286926275 | Phone |
| Date Signed | 2011-11-02 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | AMY BIBBY | Name |
| Phone | 8282542254 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | KEVIN PARRIES | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 CAROLINA VILLAGE ROAD | AddressLine1 |
| City | HENDERSONVILLE | City |
| State | NC | State |
| ZIP Code | 28792 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 19001570 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.CAROLINAVILLAGE.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1972 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | TO MAINTAIN AND OPERATE A RETIREMENT HOME, MEDICAL CENTER, AND ASSISTED LIVING CENTER. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 17 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 16 | NbrIndependentVotingMembers |
| Total Nbr Employees | 353 | TotalNbrEmployees |
| Total Nbr Volunteers | 125 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 289922 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 210254 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 15318154 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 18384469 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -44892 | InvestmentIncomePriorYear |
| Investment Income Current Year | 377626 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 27774 | OtherRevenuePriorYear |
| Other Revenue Current Year | 29221 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 15590958 | TotalRevenuePriorYear |
| Total Revenue Current Year | 19001570 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 16250 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 7999738 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 9384132 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 8424570 | OtherExpensePriorYear |
| Other Expenses Current Year | 10885126 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 16440558 | TotalExpensesPriorYear |
| Total Expenses Current Year | 20269258 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -849600 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1267688 | RevenuesLessExpensesCY |
| Total Assets BOY | 82020287 | TotalAssetsBOY |
| Total Assets EOY | 73058142 | TotalAssetsEOY |
| Total Liabilities BOY | 82544688 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 74731473 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -524401 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -1673331 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | CAROLINA VILLAGE IS A NOT FOR-PROFIT FULL-SERVICE RETIREMENT FACILITY FOR SENIOR CITIZENS WITH A MISSION TO PROVIDE HOUSING, CONTINUING LIFE CARE, UP-TO-DATE SERVICE, AND A PLEASANT, CONGENIAL SOCIAL ENVIRONMENT TO ENCOURAGE PERSONAL GROWTH AND COMMUNITY PARTICIPATION WITHOUT REGARD TO RACE OR RELIGIOUS PERSUASION. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 16684448 | Expense |
| Revenue | 18384469 | Revenue |
| Description | CAROLINA VILLAGE SERVES 474 RESIDENTS IN DIRECT HEALTH CARE NEEDS, MEALS, HOUSING, AND TRANSPORTATION. IN THE PAST YEAR WE HAVE SERVED 32,772 DAYS OF DIRECT PATIENT CARE IN OUR HOME FOR THE AGED AND SKILLED NURSING CARE FACILITIES. ON OUR CAMPUS WE PROVIDE MEDICARE SERVICES INCLUDING, BUT NOT LIMITED TO, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH THERAPY. OUR RESIDENTS RECIEVE BENEFITS FROM OUR COMPREHENSIVE WELLNESS PROGRAM ORGANIZED AND COORDINATED BY A FACILITY STAFF MEMBER. THE WELLNESS PROGRAM INCLUDES EIGHT FACETS OF WELLNESS: PHYSICAL, SPIRITUAL, ENVIRONMENTAL, SOCIAL, VOCATIONAL, INTELLECTUAL, EMOTIONAL, AND NUTRITIONAL. WE PUBLISH A 12 PAGE MONTHLY NEWSLETTER PRODUCED AND DISTRIBUTED BY A COMBINATION OF RESIDENTS AND FACILITY STAFF. THROUGH OUR QUALITY FIRST PROGRAM WE HAVE GIVEN BACK TO THE COMMUNITY THROUGH FOOD DRIVES, SCHOOL SUPPLY DRIVES, BENEFIT DINNERS, AND OTHER MONETARY GIFTS. WE HAVE PARTNERED WITH THE HENDERSON COUNTY COUNCIL ON AGING, SPECIAL OLYMPICS, MANNA FOOD BANK, UNITED WAY, AND OTHER LOCAL NON-PROFIT ORGANIZATIONS. CAROLINA VILLAGE PROVIDES 30 MEALS PER DAY, 5 DAYS A WEEK TO THE LOCAL CONGREGRATE MEAL SITE IN ASSOCIATION WITH THE HENDERSON COUNTY MEALS-ON-WHEELS PROGRAM. | Description |
| Total Program Service Expense | 16684448 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 18 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 353 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 17 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 16 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRUCE BELL CFO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8286926275 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 CAROLINA VILLAGE ROAD | AddressLine1 |
| City | HENDERSONVILLE | City |
| State | NC | State |
| ZIP Code | 28792 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (20 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| MARCIA CASERIO | |||||||
| PRESIDENT | 1.50 | X | X | 0 | 0 | 0 | |
| KOHLAN FLYNN | |||||||
| INTERNAL VICE-PRESIDENT | 1.50 | X | X | 0 | 0 | 0 | |
| DANNY WILLIAMS | |||||||
| EXTERNAL VICE-PRESIDENT | 1.50 | X | X | 0 | 0 | 0 | |
| TERRY ANDERSON | |||||||
| TREASURER | 1.50 | X | X | 0 | 0 | 0 | |
| JIM CRAFTON | |||||||
| ASSISTANT TREASURER | 1.50 | X | X | 0 | 0 | 0 | |
| MARY LOUISE CORN | |||||||
| SECRETARY | 1.50 | X | X | 0 | 0 | 0 | |
| CHARLES WATERS | |||||||
| ASSISTANT SECRETARY | 1.50 | X | X | 0 | 0 | 0 | |
| WILLIAM FOLWELL | |||||||
| BOARD MEMBER | 1.50 | X | 0 | 0 | 0 | ||
| FRANK BYRD | |||||||
| BOARD MEMBER | 1.50 | X | 0 | 0 | 0 | ||
| MIKE COOPER | |||||||
| BOARD MEMBER | 1.50 | X | 0 | 0 | 0 | ||
| DAVID G KELLY JR MDIV | |||||||
| BOARD MEMBER | 1.50 | X | 0 | 0 | 0 | ||
| MARIAN LOWRY | |||||||
| BOARD MEMBER | 1.50 | X | 0 | 0 | 0 | ||
| NICK PENCE | |||||||
| BOARD MEMBER | 1.50 | X | 0 | 0 | 0 | ||
| JOHN SAMS | |||||||
| BOARD MEMBER | 1.50 | X | 0 | 0 | 0 | ||
| CHERYL SMITH | |||||||
| BOARD MEMBER | 1.50 | X | 0 | 0 | 0 | ||
| NELDA ORR | |||||||
| BOARD MEMBER | 1.50 | X | 0 | 0 | 0 | ||
| WILLIAM MEDINA MD | |||||||
| IMMEDIATE PAST PRESIDENT | 1.50 | X | 0 | 0 | 0 | ||
| KEVIN PARRIES | |||||||
| CEO | 40.00 | X | 144772 | 0 | 3699 | ||
| BRUCE BELL | |||||||
| CFO | 40.00 | X | 139588 | 0 | 22301 | ||
| VELDA CAPPS | |||||||
| HEALTH SERVICES DIR | 40.00 | 113164 | 0 | 10489 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 397524 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 36489 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COOPER CONSTRUCTION | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 761 SOUTH ALLEN ROAD | AddressLine1 |
| City | FLAT ROCK | City |
| State | NC | State |
| ZIP Code | 28731 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | CONSTRUCTION | DescriptionOfServices |
| Compensation | 110184 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| All Other Contributions | 210254 | AllOtherContributions |
| Noncash Contributions | 32850 | NoncashContributions |
| Total Contributions | 210254 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| APARTMENT REVENUE | 623000 | 10566809 | 10566809 |
| MEDICAL CENTER | 623000 | 4207127 | 4207127 |
| DIETARY | 623000 | 1947496 | 1947496 |
| DIETARY - MED CTR | 623000 | 956986 | 956986 |
| CARE CENTER | 623000 | 706051 | 706051 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 18384469 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 146878 | TotalRevenueColumn |
| Exclusion | $146,878 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 230748 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 230748 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 230748 | TotalRevenueColumn |
| Exclusion | $230,748 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 29221 | TotalRevenueColumn |
| Exclusion | $29,221 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 29221 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19001570 | TotalRevenueColumn |
| Related Or Exempt Function Income | 18384469 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $406,847 | ExclusionAmount |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7123883 | Total |
| Program Services | 6209289 | ProgramServices |
| Management And General | 914594 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75636 | Total |
| Program Services | 75636 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1641033 | Total |
| Program Services | 1641033 | ProgramServices |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 543580 | Total |
| Program Services | 543580 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1375 | Total |
| Management And General | 1375 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52870 | Total |
| Management And General | 52870 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 113696 | Total |
| Program Services | 113696 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3852576 | Total |
| Program Services | 3657488 | ProgramServices |
| Management And General | 195088 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10120 | Total |
| Program Services | 10120 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1258953 | Total |
| Program Services | 1254512 | ProgramServices |
| Management And General | 4441 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2182 | Total |
| Management And General | 2182 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34044 | Total |
| Program Services | 29397 | ProgramServices |
| Management And General | 4647 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2409613 | Total |
| Management And General | 2409613 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1988192 | Total |
| Program Services | 1988192 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10628 | Total |
| Program Services | 10628 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| THERAPY EXPENSE | 1002958 | 1002958 |
| BAD DEBT | 66565 | 66565 |
| ANNUITY EXPENDITURES | 47405 | 47405 |
| MISCELLANEOUS | 33949 | 33949 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20269258 | Total |
| Program Services | 16684448 | ProgramServices |
| Management And General | 3584810 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7000 | BOY |
| EOY | 7000 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5031801 | BOY |
| EOY | 6144602 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1352497 | BOY |
| EOY | 1168915 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 122719 | BOY |
| EOY | 131473 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 248216 | BOY |
| EOY | 183797 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 75582337 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 19784719 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56625771 | BOY |
| EOY | 55797618 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17872565 | BOY |
| EOY | 8752329 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 759718 | BOY |
| EOY | 872408 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82020287 | BOY |
| EOY | 73058142 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2194842 | BOY |
| EOY | 2214262 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29213589 | BOY |
| EOY | 31672804 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49173202 | BOY |
| EOY | 38780425 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 76196 | BOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1886859 | BOY |
| EOY | 2063982 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82544688 | BOY |
| EOY | 74731473 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -1521375 | BOY |
| EOY | -2745567 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 684782 | BOY |
| EOY | 760044 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 312192 | BOY |
| EOY | 312192 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -524401 | BOY |
| EOY | -1673331 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82020287 | BOY |
| EOY | 73058142 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -1267688 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 118758 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 774955 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 624909 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 218414 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 289922 | CurrentTaxYearMinus1Year |
| Current Tax Year | 210254 | CurrentTaxYear |
| Total | 2118454 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 11900427 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 12454910 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 12999735 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 15318154 | CurrentTaxYearMinus1Year |
| Current Tax Year | 18384469 | CurrentTaxYear |
| Total | 71057695 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 12675382 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 13079819 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 13218149 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 15608076 | CurrentTaxYearMinus1Year |
| Current Tax Year | 18594723 | CurrentTaxYear |
| Total | 73176149 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 73176149 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 255089 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 216995 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 196697 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 70224 | CurrentTaxYearMinus1Year |
| Current Tax Year | 146878 | CurrentTaxYear |
| Total | 885883 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 255089 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 216995 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 196697 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 70224 | CurrentTaxYearMinus1Year |
| Current Tax Year | 146878 | CurrentTaxYear |
| Total | 885883 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 116316 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 168214 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 28579 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 27774 | CurrentTaxYearMinus1Year |
| Current Tax Year | 29221 | CurrentTaxYear |
| Total | 370104 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 13046787 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 13465028 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 13443425 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 15706074 | CurrentTaxYearMinus1Year |
| Current Tax Year | 18770822 | CurrentTaxYear |
| Total | 74432136 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.98310 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.98060 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.01190 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.01320 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 402997 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 52575 | InvestmentEarningsOrLosses |
| Other Expenditures | 19500 | OtherExpenditures |
| End Of Year Balance | 436072 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 323960 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 95287 | InvestmentEarningsOrLosses |
| Other Expenditures | 16250 | OtherExpenditures |
| End Of Year Balance | 402997 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.28410 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.71590 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1513495 | OtherCostOrOtherBasis |
| Book Value | 1513495 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 62448572 | OtherCostOrOtherBasis |
| Depreciation | 16704754 | Depreciation |
| Book Value | 45743818 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6841789 | OtherCostOrOtherBasis |
| Depreciation | 1830152 | Depreciation |
| Book Value | 5011637 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4672267 | OtherCostOrOtherBasis |
| Depreciation | 1249813 | Depreciation |
| Book Value | 3422454 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 106214 | OtherCostOrOtherBasis |
| Book Value | 106214 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 55797618 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| GIFT/CHAR. REMAINDER TRUST ANNUITIES PAYABLE | $378,926 |
| FAIR VALUE OF SWAP AGREEMENT | $1,685,056 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2063982 | TotalOfAmounts |
| Total Revenue | 19001570 | TotalRevenue |
| Total Expenses | 20269258 | TotalExpenses |
| Excess Or Deficit For Year | -1267688 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 307304 | NetUnrealizedGLOnInvestments |
| Other | -$188,546 | OtherAmount |
| Total Adjustments | 118758 | TotalAdjustments |
| Excess Or Deficit Per FS | -1148930 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 19120328 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 307304 | NetUnrealizedGainsInvestments |
| Other Revenues | 30250 | OtherRevenues |
| Revenue Not Rptd F990 | 337554 | RevenueNotRptdF990 |
| Revenue Subtotal | 18782774 | RevenueSubtotal |
| Other Revenues Not Included | 218796 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 218796 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 19001570 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 20269258 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 20269258 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 20269258 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE CAROLINA VILLAGE ENDOWMENT FUND WAS ESTABLISHED TO RECEIVE GIFTS, DEVISES, BEQUESTS, AND OTHER CONVEYANCES AND TO USE THEM FOR PROPERTY MAINTENANCE OR IMPROVEMENT PROJECTS, OR TO PROVIDE ECONOMIC ASSISTANCE TO RESIDENTS OR TO PERSONS DESIRING TO BE RESIDENTS. THE ENDOWMENT FUNDS INCLUDE DONOR-RESTRICTED FUNDS CLASSIFIED AS PERMANENTLY RESTRICTED, AND THE EARNINGS, INCLUDING NET APPRECIATION, ON THESE FUNDS THAT ARE TO BE SPENT ON THOSE PURPOSES WHICH ARE CLASSIFIED AS TEMPORARILY RESTRICTED. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES OF AMERICA, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE VILLAGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE VILLAGE HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF MARCH 31, 2011. FISCAL YEARS ENDED ON OR AFTER MARCH 31, 2008, REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | UNREALIZED GAIN ON SWAP AGREEMENT -218,796. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 30,250. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 30,250. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | UNREALIZED LOSS ON SWAP AGREEMENT 218,796. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 9 | NumberOfRecipients |
| Amount Of Cash Grant | 19500 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: TO RECEIVE A SCHOLARSHIP, AN APPLICANT MUST SUBMIT AN APPLICATION INCLUDING A NARRATIVE DESCRIBING HIS EDUCATION AND FUTURE PLANS. THE SCHOLARSHIP COMMITTEE, CONSISTING OF STAFF, RESIDENTS, AND BOARD OF DIRECTORS, REVIEWS THE APPLICATIONS AND DETERMINES WHO WILL RECEIVE A SCHOLARSHIP AND THE AMOUNT GIVEN. AN APPROVED SCHOLARSHIP IS THEN PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION AND COVERS ONLY TUITION. IF THE RECIPIENT DOES NOT ATTEND OR COMPLETE THE ACADEMIC YEAR THE SCHOLARSHIP IS REFUNDED BY THE INSTITUTION. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | BRUCE BELL | NamePerson |
| Base Compensation Filing Org | 139588 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 13226 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 9075 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 161889 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 4B | ReturnReference |
| Explanation | BRUCE BELL RECEIVED $13,226 IN COMPENSATION FROM A SUPPLEMENTAL NONQUALIFIED REIREMENT PLAN. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| NORTH CAROLINA MEDICAL CARE COMMISSION | |||||||
| 521309402 | 65820YHR0 | 2008-02-28 | 19575000 | SERIES 2008A; REFUNDING, CONSTRUCTION AND EQUIPMENT | 0 | 0 | 0 |
| NORTH CAROLINA MEDICAL CARE COMMISSION | |||||||
| 521309402 | 65820YHS8 | 2008-02-28 | 25000000 | SERIES 2008B AND C; REFUNDING, CONSTRUCTION AND EQUIPMENT | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Total ProceedsTotalProceeds | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Amount RetiredAmountRetired | Credit EnhancementCreditEnhancement |
|---|---|---|---|---|---|---|---|---|---|---|
| 19358147 | 112002 | 1415002 | 478728 | 2010 | 1 | 0 | 0 | 1 | ||
| 25000000 | 500000 | 2138379 | 609290 | 2010 | 1 | 0 | 0 | 1 | 10000000 | 146624 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 1 | 0 |
| 0 | 1 | 0 | 0 | 1 | 0 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COOPER CONSTRUCTION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | ENTITY OWNED 50% BY BOARD MEMBER MIKE COOPER | Relationship |
| Amount Of Transaction | 110184 | AmountOfTransaction |
| Description Of Transaction | COOPER CONSTRUCTION HAS BEEN ENGAGED BY THE ORGANIZATION FOR A MULTI-YEAR CONSTRUCTION PROJECT. MIKE COOPER, A CURRENT BOARD MEMBER, IS THE EXECUTIVE VICE PRESIDENT OF AND OWNS 50% OF COOPER CONSTRUCTION. TO PREVENT A CONFLICT OF INTEREST, MR. COOPER WAS REMOVED FROM ALL STRATEGIC PLANNING MEETINGS REGARDING CONCEPT AND DESIGN. HE ALSO WAS NOT INVOLVED IN ANY MEETINGS WITH THE ARCHITECT PRIOR TO THE MATERIALS GOING OUT FOR BID. THE BID PROCESS WAS A BLIND BID TO THE BOARD. THE BIDS WERE RECEIVED IN SEALED ENVELOPES, OPENED DURING A CLOSED MEETING; EACH BID WAS ASSIGNED A NUMERICAL IDENTIFICATION. THE ONLY INFORMATION THE BOARD RECEIVED WAS THE NUMERICAL IDENTIFICATION NUMBER AND THE TOTAL AMOUNT OF BID. THE LOWEST BID WAS AWARDED THE PROJECT. COOPER CONSTRUCTION WAS THE LOWEST BID RECEIVED ON THE ASSISTED LIVING PROJECT. ANOTHER UNRELATED ENTITY WAS AWARDED THE PROJECT FOR THE 63 INDEPENDENT LIVING APARTMENTS. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 10350 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | WELLNESS EQUIPMENT | Description |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 22500 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTANT WITH ASSISTANCE AND OVERSIGHT BY MANAGEMENT. UPON COMPLETION, THE RETURN WAS REVIEWED BY MANAGEMENT AND DISTRIBUTED TO THE MEMBERS OF THE BOARD OF DIRECTORS. THE FINANCE COMMITTEE FORMALLY REVIEWED THE RETURN, AND RECOMMENDED TO THE FULL BOARD THAT THE RETURN BE APPROVED BEFORE FILING WITH THE IRS. | |
| CAROLINA VILLAGE POLICY COMMITTEE REVIEWS THE POLICY ON AN ANNUAL BASIS AND MAKES ANY RECOMMENDATIONS TO THE BOARD OF DIRECTORS FOR ANY UPDATES AND CHANGES. THE EXECUTIVE DIRECTOR ENSURES EACH MEMBER OF THE BOARD RECEIVES REVIEWS AND SIGNS A COPY OF THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. THE EXECUTIVE COMMITTEE AND EXECUTIVE DIRECTOR ARE RESPONSIBLE FOR ENFORCING THE POLICY WITH EACH MEMBER. IF A SITUATION ARISES IN WHICH CONFLICT OF INTEREST IS POSSIBLE THE BOARD MEMBER(S) INVOLVED WILL REMOVE THEMSELVES DURING ANY DISCUSSIONS AND ABSTAIN FROM ANY VOTING. THE MINUTES OF THE BOARD WILL REFLECT THE PROCESS AND ADDITIONAL INFORMATION. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE ORGANIZATION FOLLOWS THE PROCESS DESCRIBED IN TREASURY REGULATION 4958(C) FOR ESTABLISHING THE REBUTTABLE PRESUMPTION OF REASONABLENESS IN THE REVIEW, APPROVAL, AND DOCUMENTATION OF OFFICER AND KEY EMPLOYEE COMPENSATION. A COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS EXAMINES DATA FROM THE FORMS 990 FROM VARIOUS SIMILARLY-SITUATED ORGANIZATIONS IN LIKE-SIZED COMMUNITIES AND ESTABLISHES COMPENSATION PACKAGES FOR THE CEO AND CFO. | FORM 990, PART VI, SECTION B, LINE 15 | |
| PHOTOCOPIES OF THE FORM 990 ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE OR THE CAROLINA VILLAGE LIBRARY. IN ADDITION, RECENT FILINGS OF THE FORM 990 ARE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG. | FORM 990, PART VI, SECTION C, LINE 18 | |
| THE ORGANIZATION'S FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUENTS ARE AVAILABLE ON THE NORTH CAROLINA DEPARTMENT OF INSURANCE WEBSITE, AS WELL AS AVAILABLE FOR VIEWING AT THE CAROLINA VILLAGE LIBRARY. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 307,304. UNREALIZED GAIN ON SWAP AGREEMENT -218,796. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 30,250. TOTAL TO FORM 990, PART XI, LINE 5: 118,758. | FORM 990, PART XI, LINE 5: |