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Nonprofit · EIN 56-0547462

ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY INC

Tax-exempt · CHARLOTTE, NC 28215

Financials

$50.4M$48M2023$47.2M$52.7M2024
Revenue Expenses · by fiscal year end
Financials of ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$47,215,556$52,728,865-$5,513,309$138,830,990$184,681,379-$45,850,389
December 31, 2023990$50,411,634$48,005,708$2,405,926$147,033,162$189,525,402-$42,492,240
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$574,464
Program service revenue
$47,614,877
Investment income
-$1,334,121
Net rental income
$360,336
Net gain from sales of assets
-$1,477,760
Other revenue
$360,336

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$19,524,847
Salaries, compensation and benefits (total)
$24,179,116
Professional fundraising fees
$0
Legal fees
$405,760
Accounting fees
$120,413
Occupancy
$1,993,874
Travel
$160,431
Depreciation
$7,418,013
Program services (functional)
$44,777,329
Management and general (functional)
$7,665,077
Fundraising (functional)
$286,459

Balance sheet and other

Total assets, start of year
$147,033,162
Total assets, end of year
$138,830,990
Total liabilities, end of year
$184,681,379
Net assets, end of year
-$45,850,389
Land, buildings and equipment
$101,800,481
Publicly traded securities
$4,917,344
Net assets without donor restrictions
-$47,813,154
Net assets with donor restrictions
$1,962,765
Gross receipts
$50,193,351
Employees
604
Volunteers
25
Year formed
1945
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
CHERIE GRISSOCFO
Officer
2$318,857$0$21,246
BROOKE HODGEEXECUTIVE DIRECTOR
Highest-paid employee
40$178,639$0$15,313
KOURTNEY CARTERDIRECTOR OF MARKETING
Highest-paid employee
40$170,846$0$13,363
MARILYN HENDRICKSR. DIRECTOR OF HR/COMPLIANCE
Highest-paid employee
40$141,999$0$14,597
JENNIFER BURDESHAWBAYLOR RN SUPERVISOR
Highest-paid employee
40$125,556$0$14,645
BORIS HENDERSONSR. DIRECTOR OF REAL ESTATE & CAPITAL PROJECTS
Highest-paid employee
40$128,247$0$2,565
SARAH CROCKFORDCORPORATE SECRETARY
Officer
40$75,673$0$13,233
SUZANNE PUGHCEO (THRU 1/26/24)
Officer
2$0$28,211$2,599
TOMMY LAWINGCHAIRPERSON
Trustee or director
2$0$0$0
DOUG GHIDINAVICE CHAIR
Trustee or director
2$0$0$0
AMANDA GRIMESSECRETARY
Trustee or director
2$0$0$0
GREG COLEDIRECTOR
Trustee or director
2$0$0$0
VINCENT DEBIASERESIDENT DIRECTOR
Trustee or director
2$0$0$0
HEATH GILBERDIRECTOR
Trustee or director
2$0$0$0
JAMES HOWELLDIRECTOR
Trustee or director
2$0$0$0
4 more people on this return
NameTitleHours / weekCompensation
SAMMY JACKSONDIRECTOR
Trustee or director
2$0
ROGER SHAULDIRECTOR
Trustee or director
2$0
JUDY WIESNERRESIDENT DIRECTOR
Trustee or director
2$0
DENTON WILSONDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2023: 24 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
SUZANNE PUGHCEO
Officer
2$0$259,755$21,852
BROOKE HODGEEXECUTIVE DIRECTOR
Highest-paid employee
40$172,610$0$14,379
JORGE MILLARESSALES & MARKETING
Highest-paid employee
40$151,294$0$11,193
JENNIFER BURDESHAWINTERIM DIRECTOR OF NURSING
Highest-paid employee
40$139,035$0$12,331
KATHLENE HENDRICKCOO AND SR. HR DIR
Highest-paid employee
36$0$135,792$14,462
KOURTNEY CARTERSALES COUNSELOR
Highest-paid employee
40$125,012$0$12,803
CHERIE GRISSOCFO
Officer
2$0$123,731$9,060
PATRICIA PAT G GARRETTPAST CHAIR
Trustee or director
1$0$0$0
KEVIN MCKANEBOARD DIRECTOR
Trustee or director
1$0$0$0
OTTO HARRISBOARD DIRECTOR
Trustee or director
1$0$0$0
JEAN GOSSETTBOARD DIRECTOR
Trustee or director
1$0$0$0
MANDY GRIMESBOARD DIRECTOR
Trustee or director
1$0$0$0
BILL JONES IIIBOARD DIRECTOR
Trustee or director
1$0$0$0
TOMMY LAWINGBOARD DIRECTOR
Trustee or director
1$0$0$0
FRED LONGIETTIBOARD DIRECTOR
Trustee or director
1$0$0$0
BILLY MADDALONCHAIR
Trustee or director, Officer
1$0$0$0
GENE ROBBINSBOARD DIRECTOR
Trustee or director
1$0$0$0
IRENE VOGELSONGBOARD DIRECTOR
Trustee or director
1$0$0$0
STANLEY WATKINSSECRETARY
Trustee or director, Officer
1$0$0$0
JUDY WIESNERBOARD DIRECTOR
Trustee or director
1$0$0$0
SHERRI WILLIAMSBOARD DIRECTOR
Trustee or director
1$0$0$0
SAMMY JACKSONBOARD DIRECTOR
Trustee or director
1$0$0$0
MIKE GIANGBOARD DIRECTOR
Trustee or director
1$0$0$0
ROBERT VAUGHNBOARD DIRECTOR (9/2023)
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
3800 SHAMROCK DR, CHARLOTTE, NC 28215-3220
Principal officer (990 for 2024)
CHERIE GRISSO, 3800 SHAMROCK DRIVE, CHARLOTTE, NC 28215
Signed the 990
CHERIE GRISSO, FINANCIAL OPERATIONS VP
Phone
(704) 532-7000
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

WE CELEBRATE AND RESPECT THE VALUE OF EACH INDIVIDUAL WITHIN AN INCLUSIVE AND VIBRANT ALDERSGATE COMMUNITY.

990 for the year ended December 31, 2024

Program accomplishments

  • ALDERSGATE PROVIDES HOUSING, MEALS, SECURITY, ASSISTANCE WITH ESSENTIAL ACTIVITIES OF DAILY LIVING, SKILLED NURSING CARE, AND RELATED SERVICES DESIGNED SPECIFICALLY FOR SENIOR ADULTS WHILE OFFERING RELIGIOUS, CULTURAL, RECREATIONAL AND OTHER ACTIVITIES INCLUDING OPPORTUNITIES FOR COMMUNITY VOLUNTEERING AND TRANSPORTATION TO EVENTS AND APPOINTMENTS. SERVICES ARE PROVIDED 24 HOURS PER DAY. ALDERSGATE MAKES EVERY EFFORT TO CONTINUE PROVIDING SERVICES TO RESIDENTS WHO NEED SUPPLEMENTAL FINANCIAL ASSISTANCE.
    Expenses $44,777,329 · revenue $48,118,852

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-0547462
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
1946
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$138,830,990
Income (IRS master file)
$50,193,351

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$47,215,556$52,728,865$138,830,990IRS
990-TDecember 2024–––IRS
990December 2023$50,411,634$48,005,708$147,033,162XML
990December 2022$44,473,072$55,489,035$148,180,690IRS
990December 2021$44,725,662$48,219,335$165,248,151IRS
990December 2020–––IRS
990December 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 56-0547462).

Questions about ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY INC

What is the EIN of ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY INC?
The employer identification number (EIN) of ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY INC is 56-0547462.
Is ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
Are donations to ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY 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 ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY 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 ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY 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 ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY INC?
The 990 for the year ended December 31, 2024 names CHERIE GRISSO.
Who are the officers and directors of ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY INC?
The 990 for the year ended December 31, 2024 lists 19 people; 7 received compensation from the organization, the highest $318,857 (CHERIE GRISSO, CFO).
How much revenue does ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $47,215,556, expenses of $52,728,865 and total assets of $138,830,990 at year end.

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