2024-04-24T15:20:27-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2023-01-01 237271041 THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC CHAP 9199684511 750 WEAVER DAIRY ROAD CHAPEL HILL NC 27514 MARIANNE RATCLIFFE PRESIDENT & CEO 9199684511 2024-04-19 1 MARIANNE RATCLIFFE 999009999 0 JOHN NORMAN P01506766 7049985200 2024-04-19 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z CAROL WOODS RETIREMENT COMMUNITY MARIANNE RATCLIFFE 750 WEAVER DAIRY ROAD CHAPEL HILL NC 27514 42167483 0 X WWW.CAROLWOODS.ORG X 1972 NC OPERATION OF A CCRC PROVIDING HOUSING, HEALTHCARE, AND OTHER SERVICES TO SENIORS. 17 17 475 50 0 0 220405 80647 30186058 31580115 1397174 3277870 145800 163500 31949437 35102132 895572 1032350 0 0 17839660 19362987 0 0 0 13739629 13777442 32474861 34172779 -525424 929353 120640930 121999246 91665519 88359028 28975411 33640218 X CAROL WOODS SHALL BE A CHARITABLE, NOT-FOR-PROFIT CORPORATION MEETING THE NEEDS OF OLDER ADULTS FOR HOUSING, HEALTH, WELL-BEING, AND PROTECTION OF FINANCIAL SECURITY. THE MISSION OF CAROL WOODS SHALL BE TO PROVIDE A SAFE, HEALTHFUL, AND SECURE ENVIRONMENT FOR PERSONS THROUGHOUT THEIR LATER YEARS, AS WELL AS ENGAGE IN COOPERATIVE RESEARCH, DEVELOPMENT AND EDUCATION IN AREAS ENCOMPASSED BY THE MISSION. HIGH QUALITY RESIDENTIAL LIVING AND HEALTH SERVICES SHALL BE PROVIDED ACCORDING TO INDIVDUAL NEEDS. RESIDENTS' ON-GOING NEEDS TO MAINTAIN AND PROMOTE HEALTH AND WELL-BEING SHALL BE SUPPORTED THROUGH THE PROVISION OF APPROPRIATE RESOURCES. CAROL WOODS SHALL ENCOURAGE DIVERSITY, RESIDENTS' LEADERSHIP, PARTICIPATION IN AND SERVICE TO CAROL WOODS AND THE LARGER COMMUNITY. CAROL WOODS SHALL ALSO FOSTER A HIGH QUALITY WORK EXPERIENCE FOR STAFF AND FACILITATE STAFF DEVELOPMENT THAT EMBODIES THE VALUES OF THE ORGANIZATION. 0 0 28893392 1032350 31580115 DURING THE YEAR, THE ORGANIZATION PROVIDED HOUSING, HEALTHCARE AND OTHER RELATED SERVICES TO SENIOR RESIDENTS THROUGH OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) CONTAINING 315 INDEPENDENT LIVING APARTMENTS/COTTAGES, 59 ASSISTED LIVING ACCOMMODATIONS, AND A 60-BED HEALTH CENTER. SERVED AN AVERAGE OF 600 SENIORS UNDER LIFE CARE ARRANGEMENTS, INCLUDING AN AVERAGE OF 91 LIVING PERMANENTLY IN ASSISTED LIVING AND THE HEALTH CENTER. (CONTINUED ON SCHEDULE O)ADDITIONALLY, THE ORGANIZATION PROVIDED THE FOLLOWING PROGRAMS AND SERVICES:- OFFERED A CCRC WITHOUT LODGING PROGRAM APPROVED BY THE NC DEPARTMENT OF INSURANCE. SERVED AN AVERAGE OF 120 IN THE PROGRAM OVER THE COURSE OF THE YEAR. - CONTINUED PROACTIVE AND INTENTIONAL CHARITABLE CARE AND COMMUNITY BENEFIT PROGRAM, INCLUDING: 1) MADE CHARITABLE GIFTS TO ORANGE COUNTY ($175,000), TOWNS OF CHAPEL HILL AND CARRBORO ($105,000), AND THE LOCAL PUBLIC SCHOOLS ($30,000) TO SUPPORT VITAL SERVICES TO SENIORS IN THE COMMUNITY; AND 2) MADE $694,152 IN CHARITABLE GIFTS AND FINANCIAL SUPPORT TO OTHER NON-PROFIT ORGANIZATIONS PURSUING MISSIONS SIMILAR TO CAROL WOODS. - CONTINUED TO PROVIDE IN-KIND BENEFITS TO THE OUTSIDE COMMUNITY, INCLUDING: 1) MAKING AVAILABLE CAROL WOODS' CAMPUS AND STAFF FOR A VARIETY OF EDUCATIONAL AND COMMUNITY SUPPORT PURPOSES -- PROVIDING INTERNSHIPS AND OTHER OPPORTUNITIES FOR STUDENTS TO LEARN OF AGING SERVICES OPPORTUNITIES IN DISCIPLINES RANGING FROM MEDICAL AND NURSE PRACTITIONER, TO NURSING, SOCIAL WORK AND CERTIFIED NURSING ASSISTANTS; 2) DONATED BUILDING MATERIALS TO THE HABITAT RESTORE AND OTHER ITEMS TO THE AREA THRIFT STORE. 28893392 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 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 0 0 0 0 0 1 1 0 0 0 1 25 0 1 475 1 0 0 0 0 0 0 0 0 0 1 0 0 0 X 17 17 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X KENNETH REEB CFO 9199684511 750 WEAVER DAIRY ROAD CHAPEL HILL NC 27514 JESS AYLOR VICE CHAIR OF THE BOARD 1.00 X X 0 0 0 DELORES BAILY BOARD MEMBER 1.00 X 0 0 0 RICHARD BLANKENSHIP CHAIR OF THE BOARD 1.00 X X 0 0 0 STEPHEN ELKINS-WILLIAMS BOARD MEMBER 1.00 X 0 0 0 JACK EVANS BOARD MEMBER 1.00 X 0 0 0 AUDREY GALLOWAY SECRETARY OF THE BOARD 1.00 X X 0 0 0 JOSH GURLITZ BOARD MEMBER 1.00 X 0 0 0 CHARLES HOUSE BOARD MEMBER 1.00 X 0 0 0 MEL HURSTON BOARD MEMBER 1.00 X 0 0 0 LARRY MCMANUS TREASURER OF THE BOARD 1.00 X X 0 0 0 BRENDA MITCHELL BOARD MEMBER 1.00 X 0 0 0 MARK ROYSTER BOARD MEMBER 1.00 X 0 0 0 CRYSTAL TORAIN BOARD MEMBER 1.00 X 0 0 0 SUSAN COPPOLA BOARD MEMBER 1.00 X 0 0 0 TOM MILLER BOARD MEMBER 1.00 X 0 0 0 JOHN HAWKINS BOARD MEMBER 1.00 X 0 0 0 WILL PERREAULT BOARD MEMBER 0.00 X 0 0 0 MARIANNE RATCLIFFE PRESIDENT & CEO 39.00 1.00 X 289192 0 19972 KENNETH G REEB JR VP OF FINANCE / CFO 39.00 1.00 X 229208 0 17893 JENNIFER WILSON VP OF WELL-BEING 40.00 X 139977 0 15250 LIZBETH TOMAJKO VP OF HR 40.00 X 129052 0 14445 NICOLE COOPER VP OF COMPLIANCE 40.00 X 125809 0 14301 MELANIE JOHNSON DIRECTOR OF NURSING 40.00 X 118266 0 14192 CRAIG ANDERSON REHABILITATION COORDINATOR 40.00 X 114408 0 14315 1145912 0 110368 13 0 1 0 CT WILSON CONSTRUCTION CO 150 GOLDEN DRIVE DURHAM NC 27705 GENERAL CONTRACTOR 2681114 ROSCO'S REMODELING SERVICES 3301 CLANDON PARK DRIVE RALEIGH NC 27613 CARPENTRY, GENERAL BUILDING REPAIRS 1527666 JD SERVICE NOW 4416 BENNET MEMORIAL DRIVE DURHAM NC 27705 LICENSED PLUMBING CONTRACTOR 1040626 TRIANGLE ELECTRICAL SERVICES 12085 US HWY 15-501 N CHAPEL HILL NC 27517 LICENSED ELECTRICAL CONTRACTOR 612543 TEMPERATURE CONTROL SERVICES PO BOX 749 CREEDMOOR NC 27522 LICENSED HVAC CONTRACTOR 474920 13 80647 80647 RESIDENT CHARGES 623000 26710796 26710796 HEALTH CENTER - CHRRC 623000 4409728 4409728 GUESTS' MEALS AND LODGING 623000 209047 209047 250544 250544 31580115 1564619 1564619 163500 0 163500 163500 163500 8778602 6497302 568049 2281300 -568049 1713251 1713251 35102132 31580115 0 3441370 1004152 1004152 28198 28198 1673388 1673388 13674669 11812294 1862375 381171 381171 2526259 2526259 1107500 1107500 62051 62051 86007 86007 340514 340514 695680 654590 41090 56368 56368 2628298 2087586 540712 27090 27090 1627586 1627586 63405 26953 36452 936662 936662 4131830 4131830 283000 283000 FOOD PURCHASES 2095102 2095102 PROPERTY TAXES 196053 196053 547796 473509 74287 34172779 28893392 5279387 0 207479 177663 3021064 2440892 1399211 1667307 279156 226920 273928 307550 122058486 60077314 58079367 61981172 57380725 55072345 125397 120640930 121999246 3770515 3894896 50988470 53159586 30984860 28652922 5921674 2651624 91665519 88359028 X 28920351 33585267 55060 54951 28975411 33640218 120640930 121999246 X 929353 3916298 -180844 X 0 1 X 1 0 X 173519 302673 283596 220405 80647 1060840 29418761 28727869 29714847 30186058 31580115 149627650 29592280 29030542 29998443 30406463 31660762 150688490 308268 291540 283596 350710 370058 1604172 0 308268 291540 283596 350710 370058 1604172 149084318 2082539 2186269 1924892 1831726 1728119 9753545 2082539 2186269 1924892 1831726 1728119 9753545 9750 11959 14177 35886 31684569 31228770 31937512 32238189 33388881 160477921 0.92900 0.92680 0.06080 0.06320 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 9,750. 2020 AMOUNT: $ 11,959. 2021 AMOUNT: $ 14,177. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1175 1175 0 PART II-B, LINE 1: THE CENTER BELONGS TO TWO TRADE ASSOCIATIONS, BOTH OF WHICH USE A PERCENTAGE OF ANNUAL DUES FOR LOBBYING ACTIVITIES. 4453189 4453189 93037284 49979839 43057445 13914447 7060276 6854171 10653566 3037199 7616367 61981172 X PART X, LINE 2: THE FOLLOWING IS THE FOOTNOTE FROM THE CONSOLIDATED FINANCIAL STATEMENTS FOR CAROL WOODS AND THE CHARITABLE FUND: CAROL WOODS AND THE CHARITABLE FUND ARE NONPROFIT CORPORATIONS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3). THE CHARITABLE FUND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES BY VIRTUE OF BEING ORGANIZED AND OPERATED FOR THE PURPOSE OF SUPPORTING THE CENTER THROUGH ITS 501(C)(3) STATUS. CAROL WOODS AND THE CHARITABLE FUND FILE AS TAX-EXEMPT ORGANIZATIONS. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THE TAX-EXEMPT STATUS OF CAROL WOODS OR THE CHARITABLE FUND. MANAGEMENT IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES FOR CAROL WOODS OR THE CHARITABLE FUND. 1 CHAPEL HILL-CARRBORO CITY SCHOOLS 750 S MERRITT MILL ROAD CHAPEL HILL NC 27516 566001004 501(C)(3) 15000 0 PROMOTE CAREERS IN AGING SERVICES CHARLES HOUSE 7511 SUNRISE ROAD CHAPEL HILL NC 27514 581582881 501(C)(3) 60000 0 BELOW-MARKET RENTS FOR SENIOR DAY CARE CENTER EVERY AGE FOUNDATION 100 LEONARD AVENUE NEWTON NC 28658 562243082 501(C)(3) 25000 0 SUPPORT FOR COVENANT PLACE SENIOR AFFORDABLE HOUSING HABITAT FOR HUMANITY OF ORANGE COUNTY 88 VILCOMM CENTER DRIVE SUITE L110 CHAPEL HILL NC 27514 581603427 501(C)(3) 50000 0 SUPPORT HOUSING FOR SENIORS HOPE RENOVATIONS 205 LLOYD STREET CARRBORO NC 27510 823675207 501(C)(3) 40000 0 HOME RENOVATIONS FOR SENIORS INTER-FAITH COUNCIL FOR SOCIAL SERVICES 110 W MAIN ST CARRBORO NC 27510 591224041 501(C)(3) 25000 0 MEALS FOR FOOD-INSECURE SENIORS; HOUSING FOR HOMELESS SENIORS LEADING AGE NORTH CAROLINA FOUNDATION 222 NORTH PERSON STREET RALEIGH NC 27601 561541496 501(C)(3) 10000 0 SUPPORT SENIOR SERVICES LOCAL START DENTAL 120 QUEENSFERRY ROAD CARY NC 27511 833397388 501(C)(3) 75000 0 GERIATRIC DENTAL CARE FOR LOW INCOME SENIORS MEALS ON WHEELS OF ORANGE COUNTY NC PO BOX 2102 CHAPEL HILL NC 27515 591721954 501(C)(3) 50000 0 MEALS FOR FOOD-INSECURE SENIORS OE ENTERPRISE 348 ELIZABETH BRADY ROAD HILLSBOROUGH NC 27278 570740781 501(C)(3) 10000 0 SUPPORTED EMPLOYMENT FOR EMPLOYEES SERVING SENIORS ORANGE COUNTY NORTH CAROLINA 200 SOUTH CAMERON STREET HILLSBOROUGH NC 27278 566000327 115 175000 0 GENERAL SUPPORT, SENIOR SERVICES PEE WEE HOMES 8410 MERLIN ROAD CHAPEL HILL NC 27516 822624086 501(C)(3) 49000 0 AFFORDABLE HOUSING FOR SENIORS PIEDMONT HEALTH SENIORCARE 88 VILCOMM CENTER DRIVE STE 110 CHAPEL HILL NC 27514 560952737 501(C)(3) 25000 0 PACE PROGRAM FOR FRAIL SENIORS PUBLIC SCHOOL FOUNDATION OF CHAPEL HILL-CARRBORO CITY PO BOX 877 CARRBORO NC 27510 561412977 501(C)(3) 15000 0 PROMOTE CAREERS IN AGING SERVICES RESIDENTIAL SERVICES INC 111 CLOISTER COURT STE 200 CHAPEL HILL NC 27514 561101520 501(C)(3) 50000 0 TO SUPPORT SENIORS WITH INTELLECTUAL & DEVELOPMENTAL DISABILITIES SENIOR PHARM ASSIST 406 RIGGSBEE AVENUE SUITE 201 DURHAM NC 27701 562084639 501(C)(3) 10000 0 PRESCRIPTION MANAGEMENT FOR SENIORS SHRINERS HOSPITALS FOR CHILDREN 2900 N ROCKY POINT DRIVE TAMPA FL 33607 362193608 501(C)(3) 0 13800 COMPARABLE SALES PRICES DONATE WHEELCHAIR ACCESIBLE VAN TO LOCAL SHRINERS HOSPITAL DONATE WHEELCHAIR ACCESSIBLE VAN SNOW APPROACH FOUNDATION INC 133 E KING ST HILLSBOROUGH NC 27278 882816398 501(C)(3) 35000 0 SUPPORT OF CARE GIVERS OF PERSONS LIVING WITH DEMENTIA THE PARTNERSHIP FOR A GREATER C H - CARRBORO CHAMBER OF COMMERCE 104 S ESTES DRIVE CHAPEL HILL NC 27514 560798467 501(C)(3) 25000 0 SUPPORT FOR AN AGING-FRIENDLY COMMUNITY TOWN OF CHAPEL HILL 405 MARTIN LUTHER KING BLVD CHAPEL HILL NC 27514 566001199 115 100000 0 GENERAL SUPPORT, SENIOR SERVICES UNC SCHOOL OF MEDICINE DEPARTMENT OF MEDICINE CAMPUS BOX 7008 CHAPEL HILL NC 27599 566057494 501(C)(3) 46200 0 GERIATRIC MEDICINE WORKFORCE DEVELOPMENT 22 TUITION ASSISTANCE FOR EMPLOYEES 17 19424 FINANCIAL SUPPORT FOR EMPLOYEES EXPERIENCING HARDSHIP 5 8774 PART I, LINE 2: EACH GRANT RECIPIENT IS ASKED TO PROVIDE AN ANNUAL REPORT ON THE USE OF THE FUNDS THAT HAD BEEN DONATED BY CAROL WOODS. EACH YEAR GRANT RECIPIENTS ARE INVITED TO A MEETING OF THE CAROL WOODS RESIDENT ASSOCIATION WHERE THEY ARE ASKED TO REPORT BRIEFLY ON THE OUTCOMES FROM THE FUNDS THAT WERE GRANTED. TWO GROUPS OF INDIVIDUALS MAY RECEIVE FINANCIAL SUPPORT FROM CAROL WOODS. FIRST, CAROL WOODS PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS WHO ARE UNDER CONTRACT SHOULD THEY OUTLIVE THEIR ASSETS. IF ASSETS ARE DEPLETED TO A DEFINED LEVEL, CAROL WOODS WILL PROVIDE A MONTHLY CREDIT TO THEIR STATEMENT IN AN AMOUNT INTENDED TO STOP FURTHER DETERIORATION OF ASSETS. SECOND, CAROL WOODS OFFERS A TUITION ASSISTANCE PROGRAM AND A STAFF HARDSHIP PROGRAM THROUGH ITS HUMAN RESOURCES DEPARTMENT FOR FULL-TIME EMPLOYEES. THE FORMER PROGRAM SUPPORTS STAFF WHO ARE TAKING COURSES IN AN ACCREDITED SCHOOL TOWARD A DEGREE OR CERTIFICATE RELATED TO CAROL WOODS' MISSION. THE LATTER PROGRAM PROVIDES SUPPORT FOR EMPLOYEES WHO ARE EXPERIENCING FINANCIAL HARDSHIP DUE TO CIRCUMSTANCES BEYOND THEIR CONTROL. PART III, COLUMN (B): DETERMINE THE NUMBER OF RECIPIENTS FROM PAYMENT RECORDS. X X X X X 0 0 0 0 0 0 0 0 0 MARIANNE RATCLIFFE PRESIDENT & CEO 289192 0 0 0 0 0 0 0 19972 0 309164 0 0 0 KENNETH G REEB JR VP OF FINANCE / CFO 229208 0 0 0 0 0 0 0 17893 0 247101 0 0 0 JENNIFER WILSON VP OF WELL-BEING 139977 0 0 0 0 0 0 0 15250 0 155227 0 0 0 PART I, LINE 3 SAME EXPLANATION AS 2022 RETURN A NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 2018-06-12 39570000 REFUND 2010 AND 2012 BONDS 0 0 0 B NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 2018-06-12 39570000 REFUND 2010 AND 2012 BONDS 0 0 0 A 39570000 39570000 1 0 1 1 B 10750000 39570000 39570000 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 1 1 TRUIST BANK 10.800000000000 0 0 0 0 1 B 0 0 0 1 1 1 TRUIST BANK 10.800000000000 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NORTH CAROLINA MEDICAL CARE COMMISSION DATE THE REBATE COMPUTATION WAS PERFORMED: 05/31/2023 FORM 990, PART VI, SECTION A, LINE 1A TWO RESIDENTS SERVE AS EX OFFICIO WITHOUT VOTING RIGHTS. TWO OTHER RESIDENTS SERVE AS VOTING MEMBERS. PRESIDENT & CEO SERVES AS EX OFFICIO WITH NO VOTING RIGHTS. THE CORPORATION HAS AN EXECUTIVE COMMITTEE OF THE BOARD COMPRISED ENTIRELY OF MEMBERS OF THE GOVERNING BOARD. IN THE MONTHS THAT THE FULL BOARD DOES NOT MEET, THE EXECUTIVE COMMITTEE OF THE BOARD MEETS. THE SCOPE OF THE EXECUTIVE COMMITTEE IS ALMOST AS BROAD AS THE FULL BOARD, BUT FOR MOST SIGNIFICANT ACTIONS, SUCH AS RESOLUTIONS TO INCUR ADDITIONAL DEBT, ADOPTION OF THE ANNUAL BUDGET, ETC. THESE ACTIONS ARE GENERALLY DONE WITH THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 2 KENNETH G. REEB, JR SERVES AS THE ORGANZIATION'S CFO. HIS PARENTS ARE RESIDENTS OF CAROL WOODS. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BYLAWS TO CHANGE HOW VACANCIES ON THE BOARD MAY BE FILLED. THE AMENDED BYLAWS NOW STATE THE FOLLOWING: "A DIRECTOR ELECTED TO FILL A VACANCY SHALL BE ELECTED FOR THE UNEXPIRED TERM OF THE DIRECTOR'S PREDECESSOR IN OFFICE AND SHALL BE ELIGIBLE FOR REELECTION FOR UP TO ONE (1) ADDITIONAL CONSECUTIVE TERM. AFTER ABSENCE FROM THE BOARD FOR AT LEAST ONE (1) YEAR, AN INDIVIDUAL MAY BE RE-ELECTED TO ANY NUMBER OF SUBSEQUENT TERMS PROVIDED THAT NO MORE THAN TWO TERMS ARE CONSECUTIVE." FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS A POLICY THAT STATES THAT PAPER AND/OR ELECTRONIC COPIES OF FORM 990 WILL BE PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO ITS FILING WITH THE IRS. THE FORM 990 WAS PROVIDED TO BOARD MEMBERS FOR THEIR PERSONAL REVIEW. THE FORM 990 WAS FORMALLY ACCEPTED BY THE BOARD OF DIRECTORS AT ITS MARCH 26, 2024 BOARD MEETING, AUTHORIZING MANAGEMENT TO SUBMIT THE FORM TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY 1) DISCUSSING THE POLICY INITIALLY WITH BOARD OF DIRECTOR CANDIDATES PRIOR TO BEING NOMINATED TO THE BOARD, 2) REVIEWING THE POLICY ANNUALLY WITH EACH BOARD MEMBER, 3) ASKING EACH BOARD MEMBER TO ANNUALLY SIGN A STATEMENT INDICATING THAT HE OR SHE HAS READ AND UNDERSTANDS THE POLICY, AND 4) ASKING EACH BOARD MEMBER TO ALSO DISCLOSE IN WRITING ANY ORGANIZATIONAL RELATIONSHIP OR OTHER ACTIVITY OR INTEREST THAT MIGHT POSSIBLY CONSTITUTE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE EXECUTIVE COMMITTEE OF THE ORGANIZATION WILL REVIEW THE OFFICERS (PRESIDENT/CEO, VP OF FINANCE/CFO, AND VP OF OPERATIONS) AS WELL AS KEY DEPARTMENT DIRECTOR POSITIONS. THIS IS DOCUMENTED IN THE ORGANIZATION'S MINUTES EVERY THREE TO FOUR YEARS. THE EXECUTIVE COMMITTEE OF THE ORGANIZATION'S BOARD RETAINS AN OUTSIDE CONSULTING FIRM TO ASSESS THE SALARIES OF ITS CORPORATE OFFICERS AS WELL AS KEY DEPARTMENT DIRECTOR POSITIONS. A REPORT IS PREPARED AND PRESENTED TO THE EXECUTIVE COMMITTEE FOR REVIEW. THIS INDEPENDENT, EXTERNAL PROCESS WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 1)ARTICLES OF INCORPORATION ARE AVAILABLE ON THE WEBSITE OF THE NC SECRETARY OF STATE, 2)BYLAWS ARE AVAILABLE FOR INSPECTION UPON REQUEST, 3)ANNUAL DISCLOSURE STATEMENT IS AVAILABLE ONLINE THROUGH THE NC DEPT OF INSURANCE AND INCLUDES, IN APPENDICES, COPIES OF THE DOI CCRC LICENSE, DHSR NURSING FACILITY LICENSE, ANNUAL AUDITED FINANCIAL STATEMENTS, 5-YEAR FINANCIAL PROJECTIONS, CONFLICT OF INTEREST POLICY, CCRC CONTRACT, AND OTHER CORPORATE INFORMATION INCLUDING CURRENT LISTING OF BIOS ON BOARD OF DIRECTORS, 4)CORPORATE CODE OF CONDUCT AND PRIVACY POLICY ARE AVAILABLE VIA CAROL WOODS' WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP -180,844. THE CAROL WOODS CHARITABLE FUND INC 750 WEAVER DAIRY ROAD CHAPEL HILL NC 27514 204262143 SUPPORTING ORGANIZATION NC 501(C)(3) LINE 12A, I THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 THE CAROL WOODS CHARITABLE FUND INC C 80647 ACTUAL AMOUNTS TRANSFERRED