Nonprofit · EIN 23-7271041
CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC
Also known as CAROL WOODS HEALTH CENTER
Tax-exempt · CHAPEL HILL, NC 27514
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $40,583,636 | $35,969,893 | $4,613,743 | $127,793,531 | $92,424,916 | $35,368,615 |
| December 31, 2023 | 990 | $35,102,132 | $34,172,779 | $929,353 | $121,999,246 | $88,359,028 | $33,640,218 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $167,761
- Program service revenue
- $33,560,164
- Investment income
- $6,692,511
- Net rental income
- $163,200
- Net gain from sales of assets
- $4,048,486
- Other revenue
- $163,200
Expenses
- Grants and similar amounts paid
- $908,108
- Other salaries and wages
- $16,110,697
- Salaries, compensation and benefits (total)
- $20,305,549
- Professional fundraising fees
- $0
- Legal fees
- $51,507
- Accounting fees
- $92,881
- Occupancy
- $1,367,321
- Travel
- $30,828
- Depreciation
- $4,355,220
- Program services (functional)
- $28,881,881
- Management and general (functional)
- $7,088,012
Balance sheet and other
- Total assets, start of year
- $121,999,246
- Total assets, end of year
- $127,793,531
- Total liabilities, end of year
- $92,424,916
- Net assets, end of year
- $35,368,615
- Land, buildings and equipment
- $66,498,433
- Publicly traded securities
- $53,948,629
- Net assets without donor restrictions
- $35,354,865
- Net assets with donor restrictions
- $13,750
- Gross receipts
- $87,296,070
- Employees
- 511
- Volunteers
- 75
- Year formed
- 1972
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARIANNE RATCLIFFE | PRESIDENT & CEO Officer | 39 | $304,649 | $58,848 |
| KENNETH G REEB JR | VP OF FINANCE / CFO (RETIRED) Officer | 39 | $238,642 | $54,378 |
| JENNIFER WILSON | VP OF WELL-BEING Highest-paid employee | 40 | $137,304 | $52,037 |
| SARAH SMILEY | OCCUPATIONAL THERAPIST Highest-paid employee | 46 | $136,036 | $47,802 |
| LYDIA BARNES | RN - REGISTERED NURSE Highest-paid employee | 57 | $136,036 | $33,503 |
| LIZBETH TOMAJKO | VP OF HR Highest-paid employee | 40 | $133,244 | $19,390 |
| CRAIG ANDERSON | REHABILITATION COORDINATOR Highest-paid employee | 40 | $129,088 | $21,104 |
| JESS AYLOR | CHAIR OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| LARRY MCMANUS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DELORES BAILY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| REBECCA BRENT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SUSAN COPPOLA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHEN ELKINS-WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN EVANS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN HAWKINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOROTHY HENINGER | BOARD MEMBER Trustee or director | 1 | $0 |
| CHARLES HOUSE | BOARD MEMBER Trustee or director | 1 | $0 |
| GEORGE LENSING | BOARD MEMBER Trustee or director | 1 | $0 |
| ALLEN MASK | BOARD MEMBER Trustee or director | 1 | $0 |
| TOM MILLER | BOARD MEMBER Trustee or director | 1 | $0 |
| KENDALL PAGE | BOARD MEMBER Trustee or director | 1 | $0 |
| WILL PERREAULT | BOARD MEMBER Trustee or director | 1 | $0 |
| BEN POPKIN | BOARD MEMBER Trustee or director | 1 | $0 |
| BRUCE RUNBERG | BOARD MEMBER Trustee or director | 1 | $0 |
| MARGARETE SANDELOWSKI | BOARD MEMBER Trustee or director | 1 | $0 |
| BETH SCHULTZ | BOARD MEMBER Trustee or director | 1 | $0 |
| ADAM STEIN | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSH GURLITZ | BOARD MEMBER Trustee or director | 1 | $0 |
| CRYSTAL TORAIN | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARIANNE RATCLIFFE | PRESIDENT & CEO Officer | 39 | $289,192 | $19,972 |
| KENNETH G REEB JR | VP OF FINANCE / CFO Officer | 39 | $229,208 | $17,893 |
| JENNIFER WILSON | VP OF WELL-BEING Highest-paid employee | 40 | $139,977 | $15,250 |
| LIZBETH TOMAJKO | VP OF HR Highest-paid employee | 40 | $129,052 | $14,445 |
| NICOLE COOPER | VP OF COMPLIANCE Highest-paid employee | 40 | $125,809 | $14,301 |
| MELANIE JOHNSON | DIRECTOR OF NURSING Highest-paid employee | 40 | $118,266 | $14,192 |
| CRAIG ANDERSON | REHABILITATION COORDINATOR Highest-paid employee | 40 | $114,408 | $14,315 |
| JESS AYLOR | VICE CHAIR OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| DELORES BAILY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RICHARD BLANKENSHIP | CHAIR OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| STEPHEN ELKINS-WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JACK EVANS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AUDREY GALLOWAY | SECRETARY OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| JOSH GURLITZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHARLES HOUSE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MEL HURSTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LARRY MCMANUS | TREASURER OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| BRENDA MITCHELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK ROYSTER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CRYSTAL TORAIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SUSAN COPPOLA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TOM MILLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN HAWKINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WILL PERREAULT | BOARD MEMBER Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 750 WEAVER DAIRY RD, CHAPEL HILL, NC 27514-1438
- Principal officer (990 for 2024)
- MARIANNE RATCLIFFE, 750 WEAVER DAIRY ROAD, CHAPEL HILL, NC 27514
- Signed the 990
- MARIANNE RATCLIFFE, PRESIDENT & CEO
- Phone
- (919) 968-4511
- Website
- WWW.CAROLWOODS.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
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.
Program accomplishments
- 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 910 SENIORS UNDER LIFE CARE ARRANGEMENTS, INCLUDING AN AVERAGE OF 84 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 146 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 ($130,000), AND THE LOCAL PUBLIC SCHOOLS ($82,000) TO SUPPORT VITAL SERVICES TO SENIORS IN THE COMMUNITY; AND 2) MADE $463,775 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.Expenses $28,881,881 · grants $908,108 · revenue $33,560,164
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7271041
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L220)
- Assets (IRS master file)
- $127,793,531
- Income (IRS master file)
- $87,296,070
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $40,583,636 | $35,969,893 | $127,793,531 | IRS |
| 990 | December 2023 | $35,102,132 | $34,172,779 | $121,999,246 | XML |
| 990 | December 2022 | $31,949,437 | $32,474,861 | $120,640,930 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7271041).
Questions about CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC
- What is the EIN of CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC?
- The employer identification number (EIN) of CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC is 23-7271041.
- Is CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC?
- The 990 for the year ended December 31, 2024 names MARIANNE RATCLIFFE.
- Who are the officers and directors of CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC?
- The 990 for the year ended December 31, 2024 lists 29 people; 7 received compensation from the organization, the highest $304,649 (MARIANNE RATCLIFFE, PRESIDENT & CEO).
- How much revenue does CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $40,583,636, expenses of $35,969,893 and total assets of $127,793,531 at year end.
Other nonprofits in CHAPEL HILL
- COMMUNITY HOME TRUST EIN 56-2141179 · last filed 990 for 2025
- INTER-CHURCH COUNCIL HOUSING CORPORATION EIN 56-1089522 · last filed 990 for 2025
- CAROL WOODS CHARITABLE FUND INC EIN 20-4262143 · last filed 990 for 2024
- A LOTTA LOVE INC EIN 84-2866664 · last filed 990 for 2025
- PEE WEE HOMES EIN 82-2624086 · last filed 990 for 2024
- UCC LIVING CENTER INCORPORATED EIN 56-1964906 · last filed 990 for 2025
- ASSOCIATION OF CAROL WOODS RESIDENTS INC EIN 54-2114743 · last filed 990-EZ for 2025
- HAWFIELDS HOMEOWNERS ASSOCIATION INC EIN 56-2107709 · last filed 990-N for 2025
All nonprofits in CHAPEL HILL · North Carolina · Housing and shelter