2025-10-29T10:47:06-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2024-01-01 821792692 CAROLINA MEADOWS SENIOR COMMUNITIES AND SERVICES INC CARO 9199424014 100 CAROLINA MEADOWS CHAPEL HILL NC 275178505 KEVIN MCLEOD PRESIDENT AND CEO 9199424014 2025-10-23 1 1 KATHRINE A WARLICK P02065266 7049985200 2025-10-23 2024 2025-03-06 01:10:19Z KEVIN MCLEOD 100 CAROLINA MEADOWS CHAPEL HILL NC 275178505 2459988 0 X CAROLINAMEADOWS.ORG X 2017 NC SUPPORT CAROLINA MEADOWS INC. AS ITS MANAGEMENT AND ADMINISTRATIVE SERVICES PROVIDER. 13 13 3 13 0 0 0 0 0 2459150 0 0 0 838 0 2459988 0 0 0 0 0 1310380 0 0 0 13415 0 13415 1310380 -13415 1149608 0 1458727 181316 490435 -181316 968292 X CAROLINA MEADOWS SENIOR COMMUNITIES AND SERVICES, INC. SUPPORTS CAROLINA MEADOWS, INC. ("CMI"), AN EXEMPT 501(C)(3) CONTINUING CARE RETIREMENT COMMUNITY, AS ITS MANAGEMENT AND ADMINISTRATIVE SERVICE PROVIDER AND WILL EVENTUALLY EMPLOY THE COMMON MANAGEMENT TEAM WHICH FOCUSES ON STRATEGIC PLANNING ISSUES AND OPPORTUNITIES RELATED TO CARING FOR THE ELDERLY, THIS ALLOWS CMI TO FOCUS ON ITS OWN TAX EXEMPT MISSION INCLUDING PROVIDING HOUSING, HEALTH CARE AND OTHER RELATED SERVICES TO THE ELDERLY. 0 0 1310380 2459988 MANAGERIAL AND ADMINSTRATIVE SUPPORT PROVIDED BY THE COMMON MANAGEMENT TEAM FOR THE ORGANIZATION TO CAROLINA MEADOWS, INC., CAROLINA MEADOWS FOUNDATION, INC., AND CAROLINA MEADOWS HOME CARE, INC. 1310380 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X GARY LEVINE 9193707128 100 CAROLINA MEADOWS CHAPEL HILL NC 275178505 ROSEMARY WALDORF CHAIR 1.00 2.00 X X 0 0 0 JUDITH KRAMER SECRETARY 1.00 2.00 X X 0 0 0 ROBIN MCDUFFIE TREASURER 1.00 4.00 X X 0 0 0 KIM ALLEN MEMBER 1.00 2.00 X 0 0 0 DR BRYAN MEMBER 1.00 2.00 X 0 0 0 NANCY CHESCHIER MEMBER 2.00 3.00 X 0 0 0 GREG HERMAN-GIDDENS MEMBER 1.00 2.00 X 0 0 0 DICK HOFFERT MEMBER 1.00 2.00 X 0 0 0 RALPH KARPINOS MEMBER 1.00 3.00 X 0 0 0 AARON SILVERSTONE MEMBER 1.00 3.00 X 0 0 0 ROSE SNIPES MEMBER 1.00 2.00 X 0 0 0 HUGH TILSON MEMBER 1.00 6.00 X 0 0 0 KEVIN TUNICK MEMBER 1.00 2.00 X 0 0 0 KEVIN MCLEOD PRESIDENT AND CEO 2.00 46.00 X 440503 22618 22441 GARY LEVINE EXECUTIVE VICE PRESIDENT AND CFO 2.00 46.00 X 280358 1883 22335 BENJAMIN CORNTHWAITE COO 1.00 47.00 X 292084 3041 28044 1012945 27542 72820 3 0 1 0 0 MANAGEMENT REVENUE 561000 2459150 2459150 2459150 MISCELLANEOUS REVENUE 900099 838 838 838 2459988 2459988 0 0 1145837 1145837 60847 60847 56063 56063 47633 47633 1310380 1310380 0 0 0 1458727 0 1458727 285453 181316 204982 181316 490435 X -181316 968292 -181316 968292 0 1458727 1149608 0 X 0 1 X 1 0 X X X 1 CAROLINA MEADOWS INC 561380014 10 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 DUE TO RELATED PARTIES 204982 204982 X PART X, LINE 2: CAROLINA MEADOWS SENIOR COMMUNITIES & SERVICES, INC., CAROLINA MEADOWS HOME CARE, INC., CAROLINA MEADOWS FOUNDATION, INC., AND CAROLINA MEADOWS, INC. ARE NONPROFIT, TAX-EXEMPT ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3); ACCORDINGLY, THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. CAROLINA MEADOWS MANAGEMENT AND DEVELOPMENT SERVICES, INC., A TAXABLE CORPORATION, UTILIZES THE LIABILITY METHOD OF ACCOUNTING FOR INCOME TAXES IN ACCORDANCE WITH STANDARDS ON ACCOUNTING FOR INCOME TAXES. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THE TAX-EXEMPT STATUS OF CAROLINA MEADOWS. MANAGEMENT IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, EXCISE OR OTHER TAXES. CAROLINA MEADOWS FOLLOWS GUIDANCE ON THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE IMPLEMENTATION HAS HAD NO IMPACT ON CAROLINA MEADOWS' CONSOLIDATED FINANCIAL STATEMENTS. CAROLINA MEADOWS HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFIT OR OBLIGATION AS OF DECEMBER 31, 2024. X X X X 0 0 0 0 0 0 0 0 0 KEVIN MCLEOD PRESIDENT AND CEO 386174 22618 41481 0 12848 0 19492 0 2949 0 462944 22618 0 0 BENJAMIN CORNTHWAITE COO 256498 3041 29425 0 6161 0 13694 0 14350 0 320128 3041 0 0 GARY LEVINE EXECUTIVE VICE PRESIDENT AND CFO 244317 1883 29425 0 6616 0 12719 0 9616 0 302693 1883 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY MANAGEMENT AND THE PARENT BOARD AFTER PREPARATION BY INDEPENDENT TAX ACCOUNTANT. THE REVIEW IS CONDUCTED PRIOR TO FILING WITH THE IRS AND INVOLVES A THOROUGH EXAMINATION OF THE INFORMATION USED AS A BASIS FOR PREPARATION OF THE 990 BY THE INDEPENDENT TAX ACCOUNTANT AND THE DRAFT OF THE 990. ANY CHANGES ARE RECOMMENDED TO, AND REVIEWED BY, THE TAX ACCOUNTANT. FORM 990, PART VI, SECTION B, LINE 12C ALL ANNUAL SIGNED COI POLICY AFFIRMATIONS ARE REVIEWED BY CEO AND THE FULL BOARD. ANY DISCLOSED OR KNOWN CONFLICTS WOULD BE RESOLVED BY FULL BOARD. PERSONS WITH A CONFLICT MUST RECUSE THEMSELVES FROM DISCUSSIONS AND MEETINGS UNTIL RESOLUTION IS REACHED. IF NOT REACHED, CONFLICT MUST BE TERMINATED OR BOARD MEMBER OR STAFF MEMBER MUST RESIGN. COI POLICY APPLICABLE TO ALL BOARD MEMBERS AND SENIOR AND EXECUTIVE MANAGEMENT. BOARD MEMBERS ARE REQUIRED TO INFORM OF ANY DIRECT OR INDIRECT CONFLICT OF INTEREST WITH REGARD TO ANY TRANSACTION CONTEMPLATED BY THE BOD INCLUDING ACTIONS REGARDING TRANSACTIONS WITH ANY MATERIAL FINANCIAL INTEREST OR IN WHICH DIRECTOR SERVES AS A DIRECTOR, TRUSTEE, OFFICER OR PARTNER. A RESIDENT MEMBER OF THE BOARD OF HOME CARE MAY INCLUDE CAROLINA MEADOWS RESIDENTS WHO WILL NOT BE CONSIDERED TO HAVE A FINANCIAL CONFLICT OR INTEREST OF PURPOSES OF POLICY SOLELY DUE TO BEING A RESIDENT. FORM 990, PART VI, SECTION B, LINE 15 IN DETERMINING THE CEO'S COMPENSATION, SALARY INFORMATION IS COMPILED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS WHICH SERVES AS THE EXECUTIVE COMPENSATION COMMITTEE. THE COMMITTEE USES A VARIETY OF COMPARABILITY AND SALARY SURVEY DATA FROM CAPITAL ASSOCIATED INDUSTRIES (CAI) INCLUDING THE NORTH CAROLINA ANNUAL WAGE AND SALARY SURVEY, THE NATIONAL EXECUTIVE COMPENSATION SURVEY, AND GUIDESTAR EXECUTIVE COMPENSATION DATA. ASSESSMENT FORMS RATING THE CEO'S PERFORMANCE ARE ALSO COMPLETED BY MEMBERS OF ALL AFFILIATE BOARDS. USING THE SURVEY DATA AS BENCHMARKS AND THE COMPILED ASSESSMENT DATA AS AN INDICATOR OF PERFORMANCE MEASUREMENT, THE EXECUTIVE COMMITTEE RECOMMENDS TO THE FULL BOARD FOR APPROVAL OF THE TOTAL CEO COMPENSATION WITHIN THE BOARD ESTABLISHED SALARY RANGE FOR THE CEO POSITION. BASED ON SALARY AND TOTAL COMPENSATION DATA FROM CAPITAL ASSOCIATED INDUSTRIES, GUIDESTAR, THE NATIONAL EXECUTIVE COMPENSATION SURVEY, AND LEADINGAGE SURVEY DATA, THE CEO SETS AND APPROVES COMPENSATION FOR THE CFO (PARENT CFO) WITHIN ESTABLISHED RANGES FOR THE ORGANIZATION BASED ON INPUT AND REVIEW FROM THE BOARD. THE SALARY AMOUNTS FOR THE CEO AND CFO ARE FURTHER REVIEWED BY THE FULL PARENT BOARD AS A MEASURE OF OVERSIGHT AND UNDERSTANDING OF TOTAL EXECUTIVE COMPENSATION FOR THE TOP EXECUTIVE POSITIONS. THE CEO IS RESPONSIBLE FOR SETTING COMPENSATION FOR THE COO. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 18 FORM 1023 AND FORM 990 ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED IN PUBLIC INSPECTION BINDER AND MADE AVAILABLE UPON REQUEST. DOCUMENTS ARE ALSO INCLUDED IN THE BOARD OF DIRECTORS MINUTES WHERE APPLICABLE. CAROLINA MEADOWS INC 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 561380014 CONTINUING CARE RETIREMENT COMMUNITY NC 501(C)(3) LINE 12B, II CAROLINA MEADOWS SR COMM & SERVICES INC 0 CAROLINA MEADOWS HOME CARE INC 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 821777558 HOME CARE NC 501(C)(3) LINE 12B, II CAROLINA MEADOWS SR COMM & SERVICES INC 0 CAROLINA MEADOWS FOUNDATION INC 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 825385916 CHARITABLE FOUNDATION NC 501(C)(3) LINE 12B, II CAROLINA MEADOWS SR COMM & SERVICES INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0