Arbor Acres United Methodist Retirement Community Inc

EIN: 561152263 501(c)(3)

WinstonSalem, NC

Total Revenue
$51,036,034
Total Expenses
$47,724,267
Total Assets
$204,571,385
Net Assets
$71,827,893
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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
NC
Phone
3367247921
Tax Period
2023-01-01 to 2023-12-31

Arbor Acres United Methodist Retirement Community Inc, founded in 1975, is a mid-sized nonprofit that reported $51.0M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $47.7M left a modest 6% surplus.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $32,195,010 Revenue: $46,390,747

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...

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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.

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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 $1,290,402
Program Service Revenue $46,390,747
Investment Income $3,191,114
Other Revenue $163,771
TOTAL REVENUE $51,036,034

Expense Breakdown

Grants Paid $2,160,563
Salaries & Benefits $23,387,112
Fundraising Expenses $306,562
Program Expenses $32,195,010
Other Expenses $22,176,592
TOTAL EXPENSES $47,724,267

Year-over-Year Comparison

2023 2022 Change
Revenue $51,036,034 $44,731,107 +0.1%
Expenses $47,724,267 $40,981,488 +0.2%
Net Income $3,311,767 $3,749,619 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
588
Volunteers
36

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
9
$972,667
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Secretary 1.0
Officer Director
$0 $0 $0
N/A Vice Chair 1.0
Officer Director
$0 $0 $0
N/A Treasurer 1.0
Officer Director
$0 $0 $0
N/A Chair 1.0
Officer Director
$0 $0 $0
N/A Chair Elect 1.0
Officer Director
$0 $0 $0
N/A ex-officio 1.0
Director
$0 $0 $0
N/A ex-officio 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A EX-OFFICIO 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A ex-officio 1.0
Director
$0 $0 $0
N/A ex-officio 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A EX-OFFICIO 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A CEO 40.0
Officer
$355,397 $48,217 $403,614
N/A CFO 40.0
Officer
$225,897 $30,071 $255,968
N/A Secretary 40.0
Officer
$78,853 $12,994 $91,847
N/A VP Health Services 40.0
Officer
$189,697 $31,541 $221,238
N/A Director of nursing 40.0
Highest
$126,699 $15,793 $142,492
N/A Director of dining 40.0
Highest
$119,488 $15,678 $135,166
N/A Healthcare administrator 40.0
Highest
$128,215 $20,999 $149,214
N/A Senior director of operations 40.0
Highest
$123,400 $20,430 $143,830
N/A Director of marketing 40.0
Highest
$166,522 $17,108 $183,630
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
2024 No data No data No data No data
2023 $51,036,034 $47,724,267 $204,571,385 $3,311,767
2022 $44,731,107 $40,981,488 $194,181,150 $3,749,619
2021 $40,394,713 $38,902,524 $155,220,604 $1,492,189
2020 $39,848,773 $37,815,900 $141,135,946 $2,032,873
2019 $39,982,275 $36,402,427 $136,351,629 $3,579,848
2018 $36,243,749 $34,507,963 $129,937,686 $1,735,786
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