2025-10-29T10:43:03-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2024-01-01 821777558 CAROLINA MEADOWS HOME CARE INC CARO 9193707128 100 CAROLINA MEADOWS CHAPEL HILL NC 275178505 KEVIN A 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 A MCLEOD 100 CAROLINA MEADOWS CHAPEL HILL NC 275178505 1763780 0 X WWW.CAROLINAMEADOWS.ORG X 2017 NC PROVIDING IN-HOME CARE SERVICES EXCLUSIVELY TO THE ELDERLY. 7 7 74 7 0 0 0 0 1543035 1763780 0 0 0 0 1543035 1763780 0 0 0 0 1228061 1485990 0 0 0 80899 83877 1308960 1569867 234075 193913 350197 624621 129370 209881 220827 414740 X CAROLINA MEADOWS HOME CARE, INC. PROVIDES IN-HOME CARE SERVICES AND ACTS AS A TYPE II SUPPORTING ORGANIZATION FOR CAROLINA MEADOWS, INC. WHICH IS A LIFE PLAN COMMUNITY. SERVICES ARE PRIMARILY PROVIDED BY (CONTINUED ON SCHEDULE O)HOME HEALTH AIDES LICENSED BY N.C. DEPARTMENT OF HEALTH AND HUMAN SERVICES AND PROVIDED EXCLUSIVELY TO ELDERLY CLIENTS WHO RESIDE AT CAROLINA MEADOWS RETIREMENT COMMUNITY. 0 0 1391182 0 1763780 CAROLINA MEADOWS HOME CARE PROVIDES SUPPORT TO AS MANY CAROLINA MEADOWS RESIDENTS AS WOULD BENEFIT FROM ITS SERVICES. ACTIVITY'S OBJECTIVE: HOME CARE SERVICES WILL CONTINUE TO GROW TO PROVIDE INCREASED HOURS OF SUPPORT AT MATURITY. CURRENTLY APPROXIMATELY 4000 HOURS PER MONTH, DEPENDING ON NUMBER OF LARGE HOUR CASES AND AVAILABLE STAFFING. 1391182 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 2 0 1 74 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X GARY LEVINE CFO 9193707128 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 KEVIN MCLEOD PRESIDENT AND CEO 1.00 47.00 X 0 463121 22441 GARY LEVINE EXECUTIVE VICE PRESIDENT AND CFO 2.00 46.00 X 0 282241 22335 HUGH TILSON CHAIR 2.00 5.00 X X 0 0 0 NANCY CHESCHEIR VICE CHAIR /SECRETARY 1.00 3.00 X X 0 0 0 ROBIN MCDUFFIE TREASURER 1.00 4.00 X X 0 0 0 DEAN BLOCK MEMBER 1.00 2.00 X 0 0 0 JUDY JONES MEMBER 1.00 4.00 X 0 0 0 ANNE KISSEL MEMBER 1.00 1.00 X 0 0 0 JOAN PELLETTIER MEMBER 1.00 1.00 X 0 0 0 0 745362 44776 0 0 1 0 0 MEDICAL AND ANCILLARY 621610 1763780 1763780 1763780 1763780 1763780 0 0 1275610 1137916 137694 16877 13760 3117 82444 77711 4733 111059 93278 17781 12395 8851 3544 2573 2573 11002 10282 720 52112 46431 5681 96 62 34 MISCELLANEOUS 5699 2891 2808 1569867 1391182 178685 0 145765 477559 204432 147062 350197 624621 94119 97010 35251 112871 129370 209881 X 220827 414740 220827 414740 350197 624621 193913 0 X 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 112871 112871 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 0 0 0 0 0 0 0 0 0 KEVIN MCLEOD PRESIDENT AND CEO 0 408792 0 41481 0 12848 0 19492 0 2949 0 485562 0 0 GARY LEVINE EXECUTIVE VICE PRESIDENT AND CFO 0 244756 0 30869 0 6616 0 12719 0 9616 0 304576 0 0 PART I, LINE 3 IN DETERMINING THE CEO'S COMPENSATION, SALARY INFORMATION IS COMPILED BY THE EXECUTIVE COMMITTEE OF THE PARENT BOARD OF DIRECTORS WHICH SERVES AS THE EXECUTIVE COMPENSATION COMMITTEE. THE COMMITTEE USES A VARIETY OF COMPARABILITY AND SALARY SURVEY DATA FROM CATAPULT, INC., 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 PARENT 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 CATAPULT (FORMERLY CAPITAL ASSOCIATED INDUSTRIES), GUIDESTAR, THE NATIONAL EXECUTIVE COMPENSATION SURVEY, AND LEADINGAGE SURVEY DATA, THE CEO SETS AND APPROVES COMPENSATION FOR THE COO AND CFO POSITIONS WITHIN ESTABLISHED RANGES FOR THE ORGANIZATION BASED ON INPUT AND REVIEW FROM THE PARENT BOARD. THE SALARY AMOUNTS FOR THE CEO, COO, 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 PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION A, LINE 6 CAROLINA MEADOWS SENIOR COMMUNITIES & SERVICES, INC. IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A CAROLINA MEADOWS SENIOR COMMUNITIES & SERVICES, INC. ELECTS MEMBERS OF THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B CAROLINA MEADOWS SENIOR COMMUNITIES & SERVICES, INC., AS SOLE MEMBER OF THE ORGANIZATION, HAS THE RIGHT OF FINAL APPROVAL ON ALL MAJOR BOARD DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS AND APPROVED PRIOR TO FINALIZING AND FILING THE 990 RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE WRITTEN CONFLICT OF INTEREST POLICY AND ATTESTATION FORMS ARE PROVIDED TO ALL BOARD MEMBERS, INCLUDING EX-OFFICIO MEMBERS. THE SAME FORMS ARE PROVIDED TO ALL KEY STAFF EMPLOYEES. THE ATTESTATION FORMS ARE COLLECTED FROM THE BOARD AND KEY EMPLOYEES IN MAY OF EACH YEAR. THEY ARE THEN REVIEWED BY THE BOARD GOVERNANCE COMMITTEE AND CEO FOR ANY INDICATIONS OF ACTUAL OR PERCEIVED CONFLICT NOTED. IF NONE, THE ATTESTATION FORMS ARE ACCEPTED AND STORED. IF THERE WERE TO BE ANY INDICATIONS OF ACTUAL OR PERCEIVED CONFLICT NOTED, THE GOVERNANCE COMMITTEE WOULD ALERT THE BOARD CHAIR AND THE ACTUAL OR PERCEIVED CONFLICT WOULD BE DISCUSSED FURTHER WITH THE INDIVIDUAL INVOLVED TO DETERMINE IF AN ACTUAL CONFLICT EXISTED. IF IT IS BELIEVED AN ACTUAL CONFLICT EXISTS, THEN THE FULL BOARD WOULD REVIEW THE CONFLICT AND MAKE A DETERMINATION HOW BEST TO RESOLVE THE CONFLICT BY EITHER ACCEPTING THE CONFLICT OR REQUIRING THE MEMBER OR STAFF PERSON TO CEASE AND DESIST OR FACE REMOVAL FROM THE BOARD OR TERMINATION FROM EMPLOYMENT IF A KEY STAFF EMPLOYEE. IF A CONFLICT IS ACCEPTED BY THE BOARD, A PERSON INVOLVED IN MATTERS WHERE A CONFLICT EXISTS MUST RECUSE HIMSELF OR HERSELF FROM BOARD MEETING DISCUSSIONS AROUND THE CONFLICT OR BOARD ACTION TAKEN IN REGARD TO THE CONFLICT. IF A CONFLICT INVOLVES A STAFF PERSON, THE STAFF PERSON WOULD EITHER BE REASSIGNED OR TERMINATED, PENDING ON THE TYPE OF CONFLICT AND IMPACT TO THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 IN DETERMINING THE CEO'S COMPENSATION, SALARY INFORMATION IS COMPILED BY THE EXECUTIVE COMMITTEE OF THE PARENT BOARD OF DIRECTORS WHICH SERVES AS THE EXECUTIVE COMPENSATION COMMITTEE. THE COMMITTEE USES A VARIETY OF COMPARABILITY AND SALARY SURVEY DATA FROM CATAPULT, INC., 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 PARENT 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 CATAPULT (FORMERLY CAPITAL ASSOCIATED INDUSTRIES), GUIDESTAR, THE NATIONAL EXECUTIVE COMPENSATION SURVEY, AND LEADINGAGE SURVEY DATA, THE CEO SETS AND APPROVES COMPENSATION FOR THE COO AND CFO POSITIONS WITHIN ESTABLISHED RANGES FOR THE ORGANIZATION BASED ON INPUT AND REVIEW FROM THE PARENT BOARD. THE SALARY AMOUNTS FOR THE CEO, COO, 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 PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 18 WILL BE AVAILABLE UPON REQUEST AT MANAGEMENT OFFICES. FORM 990, PART VI, SECTION C, LINE 19 PROVIDED IN PUBLIC INSPECTION BINDER MADE AVAILABLE UPON REQUEST. DOCUMENTS INCLUDED IN THE BOARD OF DIRECTORS MINUTES AS WELL. ALL GOVERNING DOCUMENTS AVAILABLE ON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS OF SELECTING AND OVERSEEING THE INDEPENDENT ACCOUNTANT IS UNCHANGED FROM THE PRIOR YEAR. CAROLINA MEADOWS SENIOR COMMUNITIES & SERVICES INC 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 821792692 PARENT COMPANY TO AFFILIATED ORGANIZATIONS NC 501(C)(3) LINE 12B, II YES 0 CAROLINA MEADOWS INC 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 561380014 CONTINUING CARE RETIREMENT COMMUNITY NC 501(C)(3) LINE 10 NO 0 CAROLINA MEADOWS FOUNDATION INC 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 825385916 CHARITABLE FOUNDATION NC 501(C)(3) LINE 12B, II NO 0 CAROLINA MEADOWS MANAGEMENT AND DEVELOPMENT SERVICES INC 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 821768377 SENIOR LIVING MANAGEMENT DEVELOPMENT SERVICES NC CAROLINA MEADOWS SENIOR COMMUNITIES C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0