Civic Intelligence

Carolina Seniorcare

EIN 27-4450562 • 501(c)3 • Newton, NC

Profile

Carolina serniorcare is a non-for-profit provider of pace services under the sponsorship of united church homes and services. The organization has partnered with centers for medicare and medicaid services and the state of north carolina to provide this comprehensive approach to care.

100 Leonard AvenueNewton, NC 28658

www.carolinaseniorcare.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

55th percentile

0.40x

Higher debt load relative to assets than 55% of similar nonprofits.

NTEE E • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.38x

Higher debt load relative to revenue than 59% of similar nonprofits.

NTEE E • $10M-$25M nonprofits • Source year 2024

Net Margin

74th percentile

12%

Higher net margin than 74% of similar nonprofits.

NTEE E • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$541,411

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

NTEE E • $10M-$25M nonprofits • Source year 2024

Asset Growth

95th percentile

68%

Faster asset growth than 95% of similar nonprofits.

NTEE E • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

7.7%

Faster revenue growth than 54% of similar nonprofits.

NTEE E • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$17,138,531

Up $6,926,239 (+68%) from 2023

Liabilities

Up

$6,887,511

Up $3,330,821 (+94%) from 2023

Net Assets

Up

$10,251,020

Up $3,595,418 (+54%) from 2023

Revenue

Up

$18,192,120

Up $1,304,366 (+7.7%) from 2023

Expenses

Down

$16,068,096

Down $839,723 (-5.0%) from 2023

Net Income

Up

$2,124,024

Up $2,144,089 (+10686%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0-$5.0MAssets 2012: $488,988Liabilities 2012: $1,092,289Net Assets 2012: -$603,3012012Assets 2013: $926,249Liabilities 2013: $2,102,367Net Assets 2013: -$1,176,1182013Assets 2014: $1,399,903Liabilities 2014: $2,815,605Net Assets 2014: -$1,415,7022014Assets 2015: $760,460Liabilities 2015: $2,320,476Net Assets 2015: -$1,560,0162015Assets 2016: $1,258,544Liabilities 2016: $2,805,569Net Assets 2016: -$1,547,0252016Assets 2017: $2,827,374Liabilities 2017: $3,694,878Net Assets 2017: -$867,5042017Assets 2018: $3,197,614Liabilities 2018: $3,418,154Net Assets 2018: -$220,5402018Assets 2019: $4,035,498Liabilities 2019: $3,020,590Net Assets 2019: $1,014,9082019Assets 2020: $5,919,469Liabilities 2020: $2,543,452Net Assets 2020: $3,376,0172020Assets 2021: $8,522,740Liabilities 2021: $2,674,234Net Assets 2021: $5,848,5062021Assets 2022: $9,804,902Liabilities 2022: $3,499,066Net Assets 2022: $6,305,8362022Assets 2023: $10,212,292Liabilities 2023: $3,556,690Net Assets 2023: $6,655,6022023Assets 2024: $17,138,531Liabilities 2024: $6,887,511Net Assets 2024: $10,251,0202024

Highlighted filing

2024

Assets$17,138,531
Liabilities$6,887,511
Net Assets$10,251,020

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2012: $862,9512012Expenses 2013: $3,917,3722013Revenue 2014: $8,701,197Expenses 2014: $8,940,781Net Income 2014: -$239,5842014Revenue 2015: $11,287,026Expenses 2015: $11,431,340Net Income 2015: -$144,3142015Revenue 2016: $13,199,452Expenses 2016: $13,211,461Net Income 2016: -$12,0092016Revenue 2017: $15,555,685Expenses 2017: $14,876,164Net Income 2017: $679,5212017Revenue 2018: $15,446,496Expenses 2018: $14,799,532Net Income 2018: $646,9642018Revenue 2019: $16,446,033Expenses 2019: $15,210,585Net Income 2019: $1,235,4482019Revenue 2020: $15,920,272Expenses 2020: $13,559,163Net Income 2020: $2,361,1092020Revenue 2021: $15,886,474Expenses 2021: $13,413,985Net Income 2021: $2,472,4892021Revenue 2022: $14,797,445Expenses 2022: $14,340,115Net Income 2022: $457,3302022Revenue 2023: $16,887,754Expenses 2023: $16,907,819Net Income 2023: -$20,0652023Revenue 2024: $18,192,120Expenses 2024: $16,068,096Net Income 2024: $2,124,0242024

Highlighted filing

2024

Revenue$18,192,120
Expenses$16,068,096
Net Income$2,124,024

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.1$6.89$10.3$18.2$16.1$2.12
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.2$3.56$6.66$16.9$16.9$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.80$3.50$6.31$14.8$14.3$0.46
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.52$2.67$5.85$15.9$13.4$2.47
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.92$2.54$3.38$15.9$13.6$2.36
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.04$3.02$1.01$16.4$15.2$1.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.20$3.42$0.22$15.4$14.8$0.65
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.83$3.69$0.87$15.6$14.9$0.68
2016Detailed filing. Detailed filing data is available for this year.$1.26$2.81$1.55$13.2$13.2$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.76$2.32$1.56$11.3$11.4$0.14
2014Detailed filing. Detailed filing data is available for this year.$1.40$2.82$1.42$8.70$8.94$0.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$2.10$1.18$3.92
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$1.09$0.60$0.86
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 12, 2022
Return Version
2020v4.2
Gross Receipts
$15,886,474
Mission and Program Overview

Mission

A christian ministry providing vibrant living, diverse programs of outreach and compassionate services.

A christian ministry providing vibrant living, diverse programs of outreach, and compassionate services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,038,639$1,508,973▲ $470,334
Land, Buildings, and Equipment, Net$343,615$310,273▼ $33,342
Prepaid Expenses and Deferred Charges$94,598$83,026▼ $11,572
Accounts Receivable$123,355$32,527▼ $90,828
Total Assets$5,919,469$8,522,740▲ $2,603,271
Other Assets Total$4,319,262$6,587,941▲ $2,268,679
Liabilities
Accounts Payable and Accrued Expenses$2,465,321$2,637,087▲ $171,766
Other Liabilities$78,131$37,147▼ $40,984
Total Liabilities$2,543,452$2,674,234▲ $130,782
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,376,017$5,848,506▲ $2,472,489
Total Net Assets Fund Balance$3,376,017$5,848,506▲ $2,472,489
Total Liabilities and Net Assets / Fund Balance$5,919,469$8,522,740▲ $2,603,271

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$165,028$485,886$650,914
Equipment$135,410$267,034$402,444
Buildings$9,835$13,696$23,531
Other Assets Org$6,587,941--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lee B SyriaPresident & CEO of Related Organization--$391,106$391,106
David E RoddyMedical DirectorFT$227,090$19,587$246,677
Gary W ShullFormer VP-finance of Related Organization--$243,878$243,878
Thomas ChangSenior Director of Home & Community Based ServicesFT$148,473$23,187$171,660
Thomas ChangSenior Director of Home & Community-$148,473$23,187$171,660
Thomas J Calogero IiiStaff PhysicianFT$137,619$6,539$144,158
John WhiteCFO of Related Organization--$143,724$143,724

Board Members and Trustees

NameTitle
Parker D Howell IiiChair
Walter HoffmanFinance Committee Chair
Linda J MorrisPast Board Chair
Lee B SyriaPresident & CEO of Related Organizat
Brad ThieVice Chair
Anthony J BranchBoard Member
Eddie BeardBoard Member
Gene HamiltonBoard Member
Hunter MarchBoard Member
James W Buchanan SrBoard Member
Jeffrey S GilliamBoard Member
Kelsey MccleaveBoard Member
Larry BolickBoard Member
Randall L OrwigBoard Member
Cory TobinAdvisory Council
Julius W Abernethy IvAdvisory Council
Margie WileyAdvisory Council
Gary W ShullFormer VP-finance of Related Organiz
Kathy H WoodMember-at-large
Brenda C EckardSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Southern Pharmacy Servicesguardian PharPharmacyPO BOX 850001, Orlando, FL 32885$2,076,072
Piedmont CrossingSkilled Nursing/assisted Living Care100 LEONARD AVE, Newton, NC 28658$1,137,772
Lexington Medical CenterHealth Services/claimsPO BOX 1817, Lexington, NC 27293$748,631
Accordius Health At LexingtonSkilled Nursing/assisted Living Care279 BRIAN CENTER DRIVE, Lexington, NC 27292$421,765
Wake Forest Baptistnorth Carolina BaptiHealth Services/claimsPO BOX 751730, Charlotte, NC 28275$403,576
Revenue and Support

Revenue Composition

Contributions and Grants
$1,000,000
Program Service Revenue
$14,880,453
Investment Income
$6,021
Other Revenue
$0
Change in Net Assets
$2,472,489
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,897,134
Salaries, Compensation, and Employee Benefits$3,516,851
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,969,636$484,844-$2,454,480
Other Employee Benefits$368,424$136,267-$504,691
Occupancy$461,810--$461,810
All Other Expenses$285,327$29,458-$314,785
Current Officers, Directors, Trustees, and Key Employees-$227,090-$227,090
Payroll Taxes$159,000$58,808-$217,808
Other Expenses$141,111$38,382-$179,493
Depreciation Depletion$132,911--$132,911
Pension Plan Contributions$82,331$30,451-$112,782
Office Expenses$32,112$39,561-$71,673
Insurance-$69,647-$69,647
Information Technology-$64,317-$64,317
Travel$32,432$6,291-$38,723
Advertising$11,611--$11,611
Fees for Services Legal-$3,296-$3,296
Interest$2,137--$2,137
Fees for Services Management$616--$616
Total Functional Expenses$12,069,215$1,344,770$0$13,413,985
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligation$37,147
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Kathy wood and walter hoffman are cousins.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the president and ceo and the controller for everyage before filing. A copy of form 990 will be shared with board members by posting the form to the organization's board portal.

Form 990, Part VI, Section B, Line 12C

Officers, directors, and employees of the organization have an obligation to conduct business within guidelines that prohibit actual or potential conflicts of interest. All employees and board members are required to evaluate compliance with conflict of interest policy annually and disclose any potential conflicts.

Form 990, Part VI, Section B, Line 15

Compensation of the organization's top management is determined by the board's executive committee. The process for determining compensation includes the use of an independent consultant, salary surveys of similar organizations across the country as well as the use of comparability data. Compensation of officers and key employees is suggested by the ceo and approved by the executive committee.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are kept on file at the administration office and are available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Carolina Seniorcare
EIN
27-4450562
Phone
8284658006
Address
100 LEONARD AVENUE, NEWTON, NC 28658

Signing Officer

Name
Lee B Syria
Title
President & CEO of Related Org
Phone
8284658006
Signed
2022-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lee B Syria
Formed
2011
Legal Domicile
Nc
Voting Board Members
18
Independent Board Members
18
Employees
130
Volunteers
90

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Olga Oganesov
Phone
3362944494
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

It is the organization's policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a "more-likely-than-not" threshold to determine if the tax position is uncertain and what, if any, the effect of the uncertain tax position may have on the financial statements. No material uncertain tax positions were identified for 2021.

Raw XML AppendixShowing 400 of 694 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02465321
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02637087
IRS990/AccountsReceivableGrp/BOYAmt0123355
IRS990/AccountsReceivableGrp/EOYAmt032527
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0A CHRISTIAN MINISTRY PROVIDING VIBRANT LIVING, DIVERSE PROGRAMS OF OUTREACH, AND COMPASSIONATE SERVICES.
IRS990/AdvertisingGrp/ProgramServicesAmt011611
IRS990/AdvertisingGrp/TotalAmt011611
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt029458
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0285327
IRS990/AllOtherExpensesGrp/TotalAmt0314785
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JOHN WHITE
IRS990/BooksInCareOfDetail/PhoneNum08284658006
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0100 LEONARD AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEWTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028658
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01038639
IRS990/CashNonInterestBearingGrp/EOYAmt01508973
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt015
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0227090
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0227090
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt02076072
IRS990/ContractorCompensationGrp/CompensationAmt11137772
IRS990/ContractorCompensationGrp/CompensationAmt2748631
IRS990/ContractorCompensationGrp/CompensationAmt3421765
IRS990/ContractorCompensationGrp/CompensationAmt4403576
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO BOX 1817
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt4PO BOX 751730
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2LEXINGTON
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4CHARLOTTE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0FL
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4NC
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd128658
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd327292
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd428275
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0SOUTHERN PHARMACY SERVICESGUARDIAN PHAR
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1PIEDMONT CROSSING
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2LEXINGTON MEDICAL CENTER
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3ACCORDIUS HEALTH AT LEXINGTON
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4WAKE FOREST BAPTISTNORTH CAROLINA BAPTI
IRS990/ContractorCompensationGrp/ServicesDesc0PHARMACY
IRS990/ContractorCompensationGrp/ServicesDesc1SKILLED NURSING/ASSISTED LIVING CARE
IRS990/ContractorCompensationGrp/ServicesDesc2HEALTH SERVICES/CLAIMS
IRS990/ContractorCompensationGrp/ServicesDesc3SKILLED NURSING/ASSISTED LIVING CARE
IRS990/ContractorCompensationGrp/ServicesDesc4HEALTH SERVICES/CLAIMS
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01000000
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt06021
IRS990/CYOtherExpensesAmt09897134
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt014880453
IRS990/CYRevenuesLessExpensesAmt02472489
IRS990/CYSalariesCompEmpBnftPaidAmt03516851
IRS990/CYTotalExpensesAmt013413985
IRS990/CYTotalFundraisingExpenseAmt00
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IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0132911
IRS990/DepreciationDepletionGrp/TotalAmt0132911
IRS990/Desc0CAROLINA SENIORCARE IS A NOT-FOR-PROFIT PROVIDER OF PACE SERVICES UNDER THE SPONSORSHIP OF EVERYAGE. CAROLINA SENIORCARE SERVES INDIVIDUALS WHO ARE AGE 55 OR OLDER, CERTIFIED BY THEIR STATE TO NEED NURSING HOME CARE, ARE ABLE TO LIVE SAFELY IN THE COMMUNITY AT THE TIME OF ENROLLMENT, LIVE IN DAVIDSON, ROWAN, DAVIE, OR IREDELL COUNTIES AND EITHER HAVE MEDICARE OR MEDICAID. THE PROGRAM IS ABLE TO PROVIDE THE ENTIRE CONTINUUM OF CARE AND SERVICES TO SENIORS WITH CHRONIC CARE NEEDS WHILE MAINTAINING THEIR INDEPENDENCE IN THEIR HOMES FOR AS LONG AS POSSIBLE. PACE FUNDING IS UNIQUE AS PACE RECEIVES DIRECT PAYMENTS FROM MEDICARE AND MEDICAID TO PROVIDE ALL NEEDED SERVICES. BECAUSE OF THE POOLED FINANCING OF PACE, PROGRAMS HAVE STRONG INCENTIVES TO FOCUS ON WELLNESS AND PREVENTION AND TO DECREASE THE HOSPITALIZATION RATES FOR THE PARTICIPANTS AND THE INCIDENCE OF LONG-TERM INSTITUTIONALIZATION.
IRS990/DescribedInSection501c3Ind01
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IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt0130
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IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt012069215
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
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IRS990/FeesForServicesLegalGrp/TotalAmt03296
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