CAROLINA VILLAGE INC

EIN: 237179679 501(c)(3) Housing & Shelter

Hendersonville, NC

Total Revenue
$34,270,836
Total Expenses
$33,475,589
Total Assets
$137,942,580
Net Assets
$7,163,063
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
NC
Phone
8286926275
Tax Period
2023-04-01 to 2024-03-31

CAROLINA VILLAGE INC, founded in 1972, is a mid-sized nonprofit in the Housing & Shelter sector that reported $34.3M in total revenue in fiscal year 2023.

Mission

CAROLINA VILLAGE IS A NOT FOR-PROFIT FULL-SERVICE RETIREMENT FACILITY FOR SENIOR CITIZENS WITH A MISSION TO PROVIDE HOUSING, CONTINUING LIFE CARE, UP-TO-DATE SERVICE, AND A PLEASANT, CONGENIAL SOCIAL ENVIRONMENT TO ENCOURAGE PERSONAL GROWTH AND COMMUNITY PARTICIPATION WITHOUT REGARD TO RACE OR RELIGIOUS PERSUASION.

Program Service Accomplishments

Program 1
Expenses: $26,903,988 Revenue: $32,480,948

Carolina Village serves 530 residents in direct health care needs, meals, housing, and transportation. In the past year we have served 34,883 days of direct patient care in our Assisted Living and...

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Carolina Village serves 530 residents in direct health care needs, meals, housing, and transportation. In the past year we have served 34,883 days of direct patient care in our Assisted Living and Skilled Nursing Care facilities. On our campus we provide Medicare services including but not limited to Physical Therapy, Occupational Therapy, and Speech Therapy. Our residents receive benefits from our comprehensive Wellness Program organized and coordinated by a facility staff member. The wellness program includes eight facets of wellness-physical, spiritual, environmental, social, vocational, intellectual, emotional, and nutritional. We maintain the Carolina Village HUB which is a real time information portal for residents and employees to receive up to the minute information about Carolina Village. The CV HUB is easily accessible from any computer or mobile device. Through our Quality First program we have given back to the community through food drives, school supply drives, benefit dinners, and other monetary gifts. We have partnered with the Henderson County Council on Aging, Special Olympics, Manna Food Bank, United Way, and other local non-profit organizations. Carolina Village provides 40 meals per day, 5 days a week to the local congregate meal site in association with the Henderson County Meals-on-Wheels program.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $204,839
Program Service Revenue $32,480,948
Investment Income $817,231
Other Revenue $767,818
TOTAL REVENUE $34,270,836

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,418,239
Fundraising Expenses $199,353
Program Expenses $26,903,988
Other Expenses $15,057,350
TOTAL EXPENSES $33,475,589

Year-over-Year Comparison

2023 2022 Change
Revenue $34,270,836 $33,459,516 +0.0%
Expenses $33,475,589 $31,362,729 +0.1%
Net Income $795,247 $2,096,787 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
448
Volunteers
18

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$719,969
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Adam Shealy Secretary 1.5
Officer Director
$0 $0 $0
Justin Ward Assistant Secretary 1.5
Officer Director
$0 $0 $0
Mark Morse Vice-President 1.5
Officer Director
$0 $0 $0
Terry Andersen Treasurer 1.5
Officer Director
$0 $0 $0
Trina Strokes President 3.0
Officer Director
$0 $0 $0
Bill Gold Board Member 1.5
Director
$0 $0 $0
David Fluech Board Member 1.5
Director
$0 $0 $0
Kenneth Youngblood Board Member 1.5
Director
$0 $0 $0
Kimbela McMinn Board Member 1.5
Director
$0 $0 $0
Lee Mulligan Board Member 1.5
Director
$0 $0 $0
Lynn Killian Board Member 1.5
Director
$0 $0 $0
Richard Bobb Resident - Board Member 1.5
Director
$0 $0 $0
Rick Wood Board Member 1.5
Director
$0 $0 $0
Robbie Chenault Board Member 1.5
Director
$0 $0 $0
Sherri Metzger Resident - Board Member 1.5
Director
$0 $0 $0
Steven Young Board Member 1.5
Director
$0 $0 $0
Tim Kriegel Board Member 1.5
Director
$0 $0 $0
W Glover Little Board Member 1.5
Director
$0 $0 $0
Amber Anderson CFO 40.0
Officer
$179,518 $38,833 $218,351
Kevin Parries CEO 40.0
Officer
$433,166 $68,452 $501,618
Alex Tucker Health Care Administrator 40.0
Highest
$148,183 $51,546 $199,729
Jon Renegar Director of Operations 40.0
Highest
$252,584 $66,171 $318,755
Kristel Bane Business Office Manager 40.0
Highest
$100,124 $35,596 $135,720
Maria Rich Director of Dining 40.0
Highest
$117,057 $36,344 $153,401
Morgan Costner Controller 40.0
Highest
$112,243 $36,106 $148,349
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $34,270,836 $33,475,589 $137,942,580 $795,247
2023 $33,459,516 $31,362,729 $129,083,654 $2,096,787
2022 $34,185,742 $29,410,795 $124,169,436 $4,774,947
2021 $33,783,018 $28,070,443 $120,268,570 $5,712,575
2020 $26,906,533 $28,525,142 $116,207,934 $-1,618,609
2019 $24,908,532 $25,001,473 $101,388,223 $-92,941
2018 $23,917,558 $25,447,991 $94,153,371 $-1,530,433
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