2024-09-17T14:51:43+00:00 2023-12-31 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2023-01-01 561152263 Arbor Acres United Methodist Retirement Community Inc ARBO 3367247921 1240 Arbor Road WinstonSalem NC 271041197 David Matthews CFO 3367247921 2024-09-17 false true Amy Bibby P00445891 2024-09-17 2023 2024-08-08 14:25:15Z Andrew Applegate 1240 Arbor Road WinstonSalem NC 271041197 51288728 false X WWW.ARBORACRES.ORG X 1975 NC TO SERVE SENIOR ADULTS WHILE PROVIDING SECURITY, CONTENTMENT, AND LIFE WITH MEANING & PURPOSE. 16 16 588 36 0 0 7207470 1290402 37371984 46390747 62543 3191114 89110 163771 44731107 51036034 1669437 2160563 0 0 19709276 23387112 0 306562 19602775 22176592 40981488 47724267 3749619 3311767 194181150 204571385 127764705 132743492 66416445 71827893 ARBOR ACRES, AN AFFILIATE MINISTRY OF THE UNITED METHODIST CHURCH, SERVES SENIOR ADULTS THROUGH FACILITIES AND PROGRAMS THAT ENHANCE OPPORTUNITY FOR SECURITY, CONTENTMENT AND LIFE WITH MEANING AND PURPOSE. false false 32195010 2160563 46390747 ARBOR ACRES, A CONTINUING CARE RETIREMENT COMMUNITY (CCRC), PROVIDING A RESIDENTIAL APARTMENT HOMES CONTAINING 178 UNITS (STUDIO, EFFICIENCY AND CONNECTING ROOM SUITES; ONE AND TWO BEDROOM APARTMENTS); 6 ONE-BEDROOM AND 6 TWO-BEDROOM COURTYARD HOMES; 11 TWO-BEDROOM PATIO HOMES AND 110 HOUSES. IN ADDITION TO THE INDEPENDENT LIVING FACILITIES, ARBOR ACRES ALSO HAS 95 ADULT CARE HOME BEDS AND 83 NURSING CARE BEDS (LOCATED IN THE FITZGERALD HEALTH CENTER). AS OF DECEMBER 31, 2023, ARBOR ACRES SERVED 560 RESIDENTS IN THE ABOVE UNITS. ARBOR ACRES HOLDS MEMBERSHIPS WITH LEADING AGE AND LEADING AGE NC. THE FACILITY IS ACCREDITED THROUGH THE CONTINUING CARE ACCREDITATION COMMISSION. AN IMPORTANT COMPONENT OF FULFILLING ARBOR ACRES' MISSION IS THE PROVISION OF FINANCIAL ASSISTANCE SUPPORT TO ENABLE RESIDENTS TO RESIDE AT ARBOR ACRES WHO WOULD OTHERWISE BE UNABLE TO AFFORD TO DO SO. FOR THE YEAR ENDING DECEMBER 31, 2023, $1,980,543 OF FINANCIAL ASSISTANCE WAS PROVIDED TO RESIDENTS TO HELP THEM MAINTAIN RESIDENCY AT THE FACILITY. DURING 2023 THE FOLLOWING SPECIFIC ACCOMPLISHMENTS ENHANCED THE ABILITY TO SERVE RESIDENTS: 1. Maintain Occupancy Exceeding 90% in Assisted Living, Memory Care, and Skilled Nursing levels of available licensed care and exceeded 95% occupancy of independent living units. 2. Sponsored and facilitated participation of resident efforts in community service projects to include Habitat for Humanity, Salvation Army, Germanton Elementary School, The Sheperd's Center, and Trellis Supportive Care Etc. In addition, Arbor Acres made a monetary donation to The Winston-Salem Foundation. 32195010 true true false true false false false false true true false false false true true true false false false false false false false false false false true true true true false false false false false false false false false false true true false false true false false false false true 90 0 true 588 true false false false false false true true false false false false false false X 16 16 false false false false false false false true true false false true true true true true true true true false X X X DAVID MATTHEWS VICE PRESIDENTCFO 3367247921 1240 Arbor Road WinstonSalem NC 271041197 Courtney Douglas Secretary 1.0 X X 0 0 0 Drewry Nostitz Vice Chair 1.0 X X 0 0 0 John E Lauer Treasurer 1.0 X X 0 0 0 John Willingham Chair 1.0 X X 0 0 0 William E Hollan III Chair Elect 1.0 X X 0 0 0 Bill Sayers ex-officio 1.0 X 0 0 0 Bischop Ken Carter ex-officio 1.0 X 0 0 0 Carroll McCullough Board Member 1.0 X 0 0 0 Christin Dunn Board Member 1.0 X 0 0 0 Christopher Pearce Board Member 1.0 X 0 0 0 David Hinton Board Member 1.0 X 0 0 0 Donald Eppert EX-OFFICIO 1.0 X 0 0 0 J Hill Stockton Board Member 1.0 X 0 0 0 John Earle Board Member 1.0 X 0 0 0 John Ruffin Board Member 1.0 X 0 0 0 Montrale Boykin Board Member 1.0 X 0 0 0 Pamela Ball ex-officio 1.0 X 0 0 0 Rev Sam Moore ex-officio 1.0 X 0 0 0 Ricky Shore Board Member 1.0 X 0 0 0 Samuel Black Board Member 1.0 X 0 0 0 Susan Elster Board Member 1.0 X 0 0 0 Tanya Afolayan Board Member 1.0 X 0 0 0 Tog Newman EX-OFFICIO 1.0 X 0 0 0 Vincent Howell Board Member 1.0 X 0 0 0 Wendy Walker-Fox Board Member 1.0 X 0 0 0 Andrew Applegate CEO 40.0 X 355397 0 48217 David Matthews CFO 40.0 X 225897 0 30071 Julie Tampa Secretary 40.0 X 78853 0 12994 Kathy Gwyn VP Health Services 40.0 X 189697 0 31541 Amanda Harrell Director of nursing 40.0 X 126699 0 15793 Erin Perkins Director of dining 40.0 X 119488 0 15678 Hannah Yoon Healthcare administrator 40.0 X 128215 0 20999 Joseph Gilmartin Senior director of operations 40.0 X 123400 0 20430 Lynn Ross Director of marketing 40.0 X 166522 0 17108 1514168 0 212831 16 false true false Frank L Blum Construction Company 830 NE 25th St Winston Salem NC 27105 Construction 14655800 Solid Foundation Construction Inc 1240 Yorkshire Rd Winston Salem NC 27106 Construction 1359704 Cheney Brothers 195 Business Park Statesville NC 28677 Food Service 1283744 The Budd Group 2325 S Stratford Road Winston Salem NC 27103 Landscaping 1030205 Functional Pathways 10133 Sherrill Blvd Knoxville TN 37932 Therapy 975366 23 1290402 30942 1290402 Resident Fees 623000 36056509 36056509 Deferred Entrance Fees 623000 8014049 8014049 Application Fees 623000 21800 21800 Modification Fees Earned 623000 91135 91135 Home Care Fees 623000 2207254 2207254 0 0 0 0 46390747 1670946 1670946 0 0 1733072 212904 1733072 -212904 1520168 1520168 39797 39790 7 7 Food Service Revenue 900099 135565 135565 Guest Room Rental 900099 28199 28199 0 0 0 0 163764 51036034 46390747 0 3354885 180020 180020 1980543 1980543 849844 160218 689626 17461583 15771606 1512315 177662 5075685 4306671 718923 50091 168671 168671 208632 208632 2404539 2364112 40427 0 383802 383802 3119751 2723352 318170 78229 127758 127758 2162594 1956151 206443 23332 16248 6829 255 2941 2941 1929902 1929902 8942484 8942484 478155 478155 Food Cost 1870122 1870122 Medical Supplies 342887 342887 Miscellaneous 6205 3762 2118 325 COVID Expenses 4817 4817 0 0 0 0 47724267 32195010 15222695 306562 10936386 11994959 594815 3457268 4678914 934027 0 0 0 505431 621833 224135359 96116214 123153811 128019145 47141211 52698463 0 1219500 1304603 1056937 915202 4894145 4625885 194181150 204571385 10293770 3173129 37433684 60680535 76864581 68709087 0 3172670 180741 127764705 132743492 X 51929995 56558270 14486450 15269623 66416445 71827893 194181150 204571385 X 3311767 2428578 -328897 X X false true X true false X 2586876 3468407 2021914 7207470 1290402 16575069 32760642 35448155 34178093 36124060 44410204 182921154 176179 108967 87136 122507 203561 698350 0 0 35523697 39025529 36287143 43454037 45904167 200194573 688710 568943 681634 450955 485413 2875655 0 0 0 0 0 0 688710 568943 681634 450955 485413 2875655 197318918 879976 847915 1147533 799697 1670946 5346067 0 879976 847915 1147533 799697 1670946 5346067 0 0 0 0 0 0 0 36403673 39873444 37434676 44253734 47575113 205540640 0.9600 0.9615 0.03 0.0234 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 552 552 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The organization engaged in various lobbying activities with Leading Age North Carolina in the amount of $152 and leading Age (National) in the amount of $400. 18053788 139101 2187824 739495 19641218 19680302 1737196 -2573506 790204 18053788 18288955 382761 1720288 711702 19680302 16210205 1088308 1664828 674386 18288955 14410233 129350 2275202 604580 16210205 0.3246 0.6754 0.0 false false 2166825 2166825 192037509 79290675 112746834 12664096 9244182 3419914 17266929 7581357 9685572 128019145 REFUNDABLE DEPOSITS 35000 Lease liability 145741 180741 X 51133661 2428578 63593 2492171 48641490 2394544 2394544 51036034 45722213 39790 39790 45682423 2041844 2041844 47724267 Schedule D, Part V, Line 4 Intended uses of endowment funds ARBOR ACRES CURRENTLY MAINTAINS A FINANCIAL ASSISTANCE PROGRAM AND POLICY FOR RESIDENTS HOLDING CONTINUING CARE RESIDENCY AGREEMENTS IN THE EVENT THE RESIDENT(S) SHOULD BECOME UNABLE TO PAY FOR SERVICES. THERE IS A DESIGNATED ASSISTANCE ENDOWMENT OF $6,375,855 WITHOUT DONOR RESTRICTIONS AND AN ASSISTANCE ENDOWMENT OF $13,265,364 WITH DONOR RESTRICTIONS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Arbor Acres is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Home Care and Strategic Development are limited liability companies that have not elected to be taxed as a corporation under current Internal Revenue Code ("IRC") regulations. Home Care and Strategic Development are wholly owned by Arbor Acres. As such, Home Care and Strategic Development are considered disregarded entities under current IRC regulations. Based on the information above, the accompanying consolidated financial statements do not reflect a provision or liability for federal and state income taxes. The Company has determined that it does not have any material unrecognized tax benefits or obligations as of December 31, 2023. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 COST OF GOODS SOLD - 39790 change in value of perpetual trust - 85104 REVENUES IN EXPENSES - -61301 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements CHANGE IN INTEREST RATE SWAP - 414001 Grants to individuals - 1980543 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 COST OF GOODS SOLD - 39790 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements REVENUES IN EXPENSES - 61301 Grants to individuals - 1980543 true The Winston-Salem Foundation 751 W 4th St 200 WinstonSalem NC 27101 566037615 501(c)(3) 180000 Operational Support 1 0 FINANCIAL ASSISTANCE PROVIDED TO RESIDENTS 28 0 1980543 FMV FINANCIAL ASSISTANCE TO RESIDENTS Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE ORGANIZATION PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS UNABLE TO PAY FOR SERVICES. THE ORGANIZATION KEEPS A RECORD OF HOW IT DETERMINES A RESIDENTS FINANCIAL NEED AND THE AMOUNT OF ASSISTANCE PROVIDED. X X X X X false false false false false false false false false Andrew Applegate CEO 285308 0 32000 0 38089 0 20748 0 27469 0 403614 0 0 0 Kathy Gwyn VP Health Services 160262 0 18194 0 11241 0 11312 0 20229 0 221238 0 0 0 David Matthews CFO 197823 0 19100 0 8974 0 13448 0 16623 0 255968 0 0 0 Lynn Ross Director of marketing 133170 0 24023 0 9329 0 8880 0 8228 0 183630 0 0 0 A NORTH CAROLINA MEDICAL CARE COMMISSION 531309402 2016-12-15 13159000 REFUND SERIES 2007 ISSUE false false false B NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 2019-08-01 24900000 REFUND SERIES 2010 ISSUE false false false C North CAROLINA MEDICAL CARE COMMISSION 521309402 2021-07-27 62640000 Retirement Facilities first mortgage revenue bonds false false false A 6615000 13159000 13159000 2016 false false true true B 2900000 24900000 24900000 2019 false false true true C 62640000 629909 900000 52024525 9085566 2023 false true true true A false false false false 0.0 false false true B false false false false 0.0 false false true C false false false false 0.0 false false true A false true false false true true BB&T 16.0 false false false false true B false true false false true true BB&T 19.0 false false false false true C false true false false true true Truist Bank 10.0 false false false false true A true B true C true X 1 2500 Market value X Woodworking equipment 11 20242 Market value X Generator 1 8200 Market value 0 false true false Form 990, Part VI, Line 11b Review of form 990 by governing body THE ORGANIZATION PROVIDES A COMPLETE COPY OF THE 990 TO THE BOARD OF DIRECTORS' FINANCE COMMITTEE, PRIOR TO FILING. AFTER REVIEW AND APPROVAL BY THE FINANCE COMMITTEE THE 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING. ONCE ACCEPTED BY THE BOARD OF DIRECTORS THE 990 IS FILED BY MANAGEMENT. Form 990, Part VI, Line 12c Conflict of interest policy EACH YEAR, ALL BOARD MEMBERS ARE REQUIRED TO SIGN A CERTIFICATION THAT THEY HAVE READ AND UNDERSTAND OUR POLICY. THEY ARE ALSO REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OR RELATIONSHIPS. THESE CERTIFICATIONS ARE KEPT ON FILE AND ARE REVIEWED ANNUALLY. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE CEO'S COMPENSATION IS REVIEWED BY THE BOARD OF DIRECTORS' COMPENSATION COMMITTEE ANNUALLY. SPECIFIC SALARY INFORMATION AVAILABLE FOR COMPARABLE FACILITIES WILL BE UTILIZED IN EVALUATING THE CEO'S COMPENSATION. WHEN EVALUATING SURVEY AND LOCAL COMMUNITY'S DATA, SIZE OF COMMUNITY AND ANNUAL REVENUES WILL BE UTILIZED AS THE PRIMARY BENCHMARKS. THE CEO, WORKING WITH THE DIRECTOR OF TALENT ARTS, WILL RECOMMEND COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES TO THE COMPENSATION COMMITTEE, SEEKING THEIR APPROVAL BEFORE IMPLEMENTING ANY CHANGES. THE SAME SOURCES OF DATA USED TO EVALUATE THE CEO'S COMPENSATION IS USED FOR OTHER OFFICERS AND KEY EMPLOYEES. Form 990, Part VI, Line 18 How forms are made available to the public THE ORGANIZATION'S FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. ADDITIONALLY, RECENT FILINGS OF THE FORM CAN BE FOUND ON WWW.GUIDESTAR.ORG. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. ANNUAL FINANCIAL STATEMENTS ARE PART OF THE ANNUAL DISCLOSURE STATEMENT MADE AVAILABLE THROUGH THE NC DEPARTMENT OF INSURANCE WEBSITE. THE ANNUAL AUDIT IS DISTRIBUTED TO RESIDENT COUNCIL AND MADE AVAILABLE TO ANY RESIDENT UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN INTEREST RATE SWAP - -414001; change in value of perpetual trust - 85104; Form 990, Part XII, Line 2c Change of oversight process or selection process THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ARBOR ACRES HOME CARE LLC 1240 ARBOR ROAD WINSTONSALEM NC 27104 832830530 IN HOME CARE SERVICES NC 2207254 558095 ARBOR ACRES UNITED METHODIST RETIREMENT COMMUNITY INC Arbor Acres Strategic Development LLC 1240 ARBOR ROAD WINSTONSALEM NC 27104 932589404 Investigate growth opportunities NC 58796 4147789 ARBOR ACRES UNITED METHODIST RETIREMENT COMMUNITY INC