Overview
What is Carolina Meadows Inc?
Carolina Meadows Inc is a renowned nonprofit organization located in Chapel Hill, North Carolina, dedicated to providing housing, healthcare, and wellness services, as well as social opportunities for senior adults. Their approach emphasizes individual dignity, encouraging independence, and promoting lifelong learning in various stages of aging. In 2022, they offered a total of 320,251 days of housing and services across different care levels, including independent living, assisted living, memory care, and skilled nursing. They provided a range of healthcare services, including geriatric physician care, nurse practitioner care, and specialist services like audiology, podiatry, dermatology, and dental services. The campus also offered a primary care medical practice, fitness center, and wellness services, which included annual functional fitness assessments, gait screenings, and specialized programs based on evidence-based research. Activities and life enrichment opportunities were tailored to meet various needs and interests, while dining services provided daily meals for all levels of living. The physical plant underwent refurbishments to maintain new or like-new conditions for incoming residents, and the environmental services department ensured cleanliness and daily service for all residents. Carolina Meadows Inc continues to enrich and improve the lives of residents and those connected to their community, while contributing to the local economy and partnering on senior initiatives.
Official website here: www.carolinameadows.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
Carolina Meadows Inc has earned an 81% rating, reflecting a strong emphasis on accountability and finance. This rating is based entirely on its Accountability & Finance score, highlighting the nonprofit's commitment to transparency and responsible management of funds. The organization has successfully achieved a perfect score in areas such as having a majority of independent board members and maintaining robust financial oversight, indicating a well-structured governance model.
The nonprofit's financial performance appears solid, with a program expense ratio of 90.12%, showing that a substantial portion of its expenses directly supports its programs. Furthermore, the presence of well-defined policies, including conflict of interest, whistleblower protections, and document retention, underscores its dedication to ethical practices and operational integrity.
However, while the overall rating is positive, it is important to note that the score is solely based on the Accountability & Finance beacon. This means that other aspects of the organization, such as program effectiveness or community impact, are not reflected in the current rating. Potential donors and supporters may wish to explore these additional dimensions to gain a fuller understanding of Carolina Meadows Inc's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Carolina Meadows Inc legitimate?
Carolina Meadows Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carolina Meadows Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,219,743
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,035,924
For more financial information, click here
Official website here: www.carolinameadows.org
What is the mission statement of Carolina Meadows Inc?
Carolina Meadows Inc is dedicated to enhancing the lives of its residents and their connections within the community. The organization strives to provide housing, healthcare, and various related services to senior adults, operating as a life plan community. Committed to local support, Carolina Meadows also invests in the future of aging, contributes to the economy, and partners on senior initiatives. The mission is to create an enriching environment for its residents, improving their overall quality of life.
Official website here: www.carolinameadows.org
Who is the CEO of Carolina Meadows Inc?
Kevin A Mcleod is the Member of Carolina Meadows Inc. The CEO's salary of Carolina Meadows Inc is $435,542 and their total compensation is $457,797.
Official website here: www.carolinameadows.org
What is the revenue of Carolina Meadows Inc?
Carolina Meadows Inc's revenue in 2022 was $45,329,955.
Official website here: www.carolinameadows.org
Who are the executives of Carolina Meadows Inc and what are their salaries?
The average compensation at Carolina Meadows Inc during 2022 was $31,619. There are 609 employees and 631 volunteers at Carolina Meadows Inc.
Here are 24 key members and their salaries (Carolina Meadows Inc's CEO's salary is $435,542 and their total compensation is $457,797):
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- Compensation: $435,542
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- Other: $13,209
- Compensation: $135,502
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- Other: $10,475
Official website here: www.carolinameadows.org
Where can I find the form 990 for Carolina Meadows Inc?
Carolina Meadows Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.carolinameadows.org
Learn more at the official website: www.carolinameadows.org
Mission Statement of Carolina Meadows Inc
Carolina Meadows Inc is a mission-driven organization that strives to enhance and improve the lives of its residents and those connected to its community. The organization's primary objective is to provide housing, healthcare, and various related services to senior adults through the operation of a Life Plan Community.
Founded on the belief that every individual deserves a fulfilling and enriching life, Carolina Meadows Inc is dedicated to supporting older adults in their journey. By offering housing solutions tailored to their unique needs, the organization ensures that seniors have a comfortable and secure living environment. In addition, the provision of comprehensive healthcare services enables residents to access quality medical care and maintain their wellbeing.
Beyond these essential offerings, Carolina Meadows Inc takes a holistic approach to enhancing the lives of its residents. The organization invests in the future of aging, contributing to the local economy, and collaborating on senior initiatives. This commitment to the community extends beyond its residents, as Carolina Meadows Inc remains an active partner in local initiatives aimed at improving the lives of senior adults.
Carolina Meadows Inc is more than just a service provider; it is a community that values the wellbeing of its members. The organization's dedication to its mission is reflected in its ongoing efforts to improve the lives of its residents and contribute to the betterment of the senior population at large. By providing essential services and fostering a vibrant and inclusive community, Carolina Meadows Inc enriches the lives of its residents and those connected to its mission.
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Impact
October, 2024
Carolina Meadows Inc significantly impacts the lives of senior adults by providing a comprehensive life plan community that integrates housing, health care services, and wellness opportunities. The organization emphasizes a person-centered approach, focusing on individual dignity, independence, and lifelong learning.
With 239,030 resident days in independent living, 26,200 in assisted living, and 25,321 in skilled nursing, Carolina Meadows creates a vibrant and supportive environment tailored to the needs of its residents. Additional services are available to off-campus residents, ensuring a broad reach within the local senior community. Key health services include access to specialty physicians as well as telehealth options, promoting proactive health management among residents.
The amenities, which include a fitness center, swimming pool, and wellness programs, are vital for physical and mental wellness. An array of classes—from aerobics to meditation—accommodates diverse interests, promoting healthy lifestyles and social connectivity. The wellness department conducts regular fitness assessments and offers programs aimed at enhancing mobility and balance, directly contributing to residents' quality of life.
Carolina Meadows also engages residents in cultural and intellectual enrichment, offering opportunities for involvement in community events and educational programs through Carolina Meadows University. The emphasis on social, spiritual, and emotional wellness ensures that residents' lives are holistic and fulfilling.
The organization's commitment to high-quality dining services, with thousands of meals served each month, and robust environmental services further enhance living conditions, ensuring a supportive and clean environment for all residents.
Overall, Carolina Meadows Inc plays a transformative role in enriching the lives of seniors, building a strong community dedicated to promoting health, wellness, and lifelong engagement. Its impact resonates not only within its residents but also extends to the local community through initiatives that support aging populations and contribute economically.
This information is meant to be a general summary of Carolina Meadows Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,134,957
- Program Service Revenue: $44,096,679
- Gross Receipts: $59,369,651
Assets and Liabilities:
- Total Assets: $142,729,166
- Total Liabilities: $199,455,340
- Net Assets: -$56,726,174
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INDEPENDENT LIVING REV
Revenue
$21,310,625
HEALTH CARE CENTER REV
Revenue
$9,976,240
ASSISTED LIVING REV
Revenue
$6,997,544
REFURBISHING
Revenue
$2,902,678
REMARKETING
Revenue
$759,124
Organization Details
Founding Year
1983
Phone
(919) 942-4014Principal Officer
Kevin A Mcleod
Main Address
100 CAROLINA MEADOWS, CHAPEL HILL, NC, 275178505
Website
www.carolinameadows.orgNTEE Category
Code: P750 - Human services
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