Civic Intelligence

Masonic and Eastern Star Home

990 • Fiscal year 2014 • EIN 56-0529956

Jan 01, 2014 to Dec 31, 2014 • Filed on May 06, 2015

Refreshing map…

700 S Holden RoadGreensboro, NC 27407

(336) 299-0031

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.71x

Higher debt load relative to assets than 80% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

85th percentile

2.36x

Higher debt load relative to revenue than 85% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

16th percentile

-5.2%

Higher net margin than 16% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

9th percentile

$121,858

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

23rd percentile

-0.6%

Faster asset growth than 23% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

40th percentile

2.0%

Faster revenue growth than 40% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Assets

Down

$56,284,652

Down $315,079 (-0.6%) from 2013

Net Assets

Down

$16,261,540

Down $618,569 (-3.7%) from 2013

Liabilities

Up

$40,023,112

Up $303,490 (+0.8%) from 2013

Revenue

Up

$16,976,156

Up $332,903 (+2.0%) from 2013

Expenses

Down

$17,855,321

Down $297,969 (-1.6%) from 2013

Net Income

Up

-$879,165

Up $630,872 (+42%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $32,028,874Liabilities 2010: $16,218,450Net Assets 2010: $15,810,4242010Assets 2011: $54,497,984Liabilities 2011: $37,095,401Net Assets 2011: $17,402,5832011Assets 2012: $59,313,156Liabilities 2012: $41,170,734Net Assets 2012: $18,142,4222012Assets 2013: $56,599,731Liabilities 2013: $39,719,622Net Assets 2013: $16,880,1092013Assets 2014: $56,284,652Liabilities 2014: $40,023,112Net Assets 2014: $16,261,5402014Assets 2015: $56,449,141Liabilities 2015: $40,251,978Net Assets 2015: $16,197,1632015Assets 2016: $56,199,624Liabilities 2016: $39,892,013Net Assets 2016: $16,307,6112016Assets 2017: $82,496,467Liabilities 2017: $63,770,091Net Assets 2017: $18,726,3762017Assets 2018: $55,768,807Liabilities 2018: $42,579,330Net Assets 2018: $13,189,4772018Assets 2019: $59,527,056Liabilities 2019: $44,116,065Net Assets 2019: $15,410,9912019Assets 2020: $136,954,901Liabilities 2020: $120,875,314Net Assets 2020: $16,079,5872020Assets 2021: $138,321,577Liabilities 2021: $121,081,639Net Assets 2021: $17,239,9382021Assets 2022: $141,338,808Liabilities 2022: $129,828,898Net Assets 2022: $11,509,9102022Assets 2023: $134,382,790Liabilities 2023: $124,667,199Net Assets 2023: $9,715,5912023Assets 2024: $132,933,852Liabilities 2024: $125,405,633Net Assets 2024: $7,528,2192024

Highlighted filing

2014

Assets$56,284,652
Liabilities$40,023,112
Net Assets$16,261,540

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $12,293,0942010Expenses 2011: $12,093,6832011Expenses 2012: $13,906,1392012Revenue 2013: $16,643,253Expenses 2013: $18,153,290Net Income 2013: -$1,510,0372013Revenue 2014: $16,976,156Expenses 2014: $17,855,321Net Income 2014: -$879,1652014Revenue 2015: $19,208,681Expenses 2015: $18,061,043Net Income 2015: $1,147,6382015Revenue 2016: $18,238,888Expenses 2016: $17,928,307Net Income 2016: $310,5812016Revenue 2017: $20,557,269Expenses 2017: $18,459,362Net Income 2017: $2,097,9072017Revenue 2018: $18,646,651Expenses 2018: $18,449,493Net Income 2018: $197,1582018Revenue 2019: $20,736,599Expenses 2019: $18,043,959Net Income 2019: $2,692,6402019Revenue 2020: $19,599,279Expenses 2020: $17,952,674Net Income 2020: $1,646,6052020Revenue 2021: $15,654,772Expenses 2021: $16,532,799Net Income 2021: -$878,0272021Revenue 2022: $16,230,809Expenses 2022: $18,125,410Net Income 2022: -$1,894,6012022Revenue 2023: $20,390,849Expenses 2023: $24,116,150Net Income 2023: -$3,725,3012023Revenue 2024: $27,817,330Expenses 2024: $31,513,070Net Income 2024: -$3,695,7402024

Highlighted filing

2014

Revenue$16,976,156
Expenses$17,855,321
Net Income-$879,165
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 6, 2015
Return Version
2014v5.0
Gross Receipts
$18,676,088
Mission and Program Overview

Mission

As a retirement community leader since 1912, masonic and eastern star home of nc is devoted to excellence in hospitality with traditional values promoting fraternal service, dignity, dependability, and choice.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$34,349,739$33,707,385▼ $642,354
Investments in Publicly Traded Securities$6,267,771$7,270,484▲ $1,002,713
Investments Other Securities$5,550,714$5,437,264▼ $113,450
Cash and Non-Interest-Bearing Accounts$4,971,655$4,309,191▼ $662,464
Investments Program Related$1,701,662$1,986,674▲ $285,012
Intangible Assets$2,166,878$1,829,234▼ $337,644
Accounts Receivable$1,301,869$1,421,570▲ $119,701
Prepaid Expenses and Deferred Charges$224,444$233,192▲ $8,748
Inventories for Sale or Use$41,890$62,880▲ $20,990
Savings and Temporary Cash Investments$23,109$26,778▲ $3,669
Total Assets$56,599,731$56,284,652▼ $315,079
Liabilities
Tax Exempt Bond Liabilities$22,027,438$22,059,157▲ $31,719
Deferred Revenue$12,937,865$12,255,021▼ $682,844
Other Liabilities$3,282,049$3,994,556▲ $712,507
Accounts Payable and Accrued Expenses$1,472,270$1,714,378▲ $242,108
Total Liabilities$39,719,622$40,023,112▲ $303,490
Net Assets / Fund Balance
Unrestricted Net Assets$8,397,769$7,656,608▼ $741,161
Permanently Rstr Net Assets$6,958,944$6,871,104▼ $87,840
Temporarily Rstr Net Assets$1,523,396$1,733,828▲ $210,432
Total Net Assets Fund Balance$16,880,109$16,261,540▼ $618,569
Total Liabilities and Net Assets / Fund Balance$56,599,731$56,284,652▼ $315,079

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$32,495,576$13,686,221$46,181,797
Equipment$1,084,382$1,906,374$2,990,756
Other Land Buildings$71,750$120,619$192,369
Land$55,677-$55,677
Other Securities$5,437,264--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$6,958,944-▼ $87,840-$6,871,104
2013$6,624,695-▲ $334,249-$6,958,944
2012$6,347,632-▲ $277,063-$6,624,695
2011$6,556,430-▼ $208,798-$6,347,632
2010$6,213,730-▲ $342,700-$6,556,430
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dianne ArmstrongHealth Center AdministratorFT$104,089$17,769$121,858

Board Members and Trustees

NameTitle
Gene JerniganChairman
Peggy PilsonVice Chair
Arnold Gene CobbDirector
Betty HarrisDirector
Bryant WebsterDirector
David Wicker JrDirector
Don AldermanDirector
Douglas CaudleDirector
Gilbert BaileyDirector
James SykesDirector
Joey TransouDirector
Kevin CombsDirector
Linda BonnerDirector
Mike CashionDirector
Ross GellerDirector
Sherril NormanDirector
Thomas JacksonDirector
Wayne SouthernDirector
Mark KoladaExecutive Director
James H WoolardSecretary
Fran SouthernTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Heritage Healthcare INCTherapy Services536 OLD HOWELL RD, Greenville, SC 29615$968,376
Sysco Food ServiceFood & Kitchen SuppliesPO BOX 96, Concord, NC 28026$686,773
Life Care Services LLCMgmt Services400 LOCUST ST STE 820, Des Moines, IA 50309-2334$681,722
Ccrx Of NcPharmacyPO BOX 78000, Detroit, MI 48278-1668$380,087
Cheek Construction INCConstruction And Remodeling7020 PAWNEE RD, Greensboro, NC 27410$333,755
Revenue and Support

Revenue Composition

Contributions and Grants
$1,165,145
Program Service Revenue
$15,651,083
Investment Income
$136,297
Other Revenue
$23,631
All Other Contributions
$298,451
Change in Net Assets
$-879,165

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,861,156
Revenue Not Reported on Financial Statements
$1,115,000
Revenue Not Reported on Form 990
$260,596
Other Revenue Adjustments
$1,115,000
Total Revenue per Audited Statements
$16,121,752
Total Revenue per Form 990
$16,976,156
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,248,449
Salaries, Compensation, and Employee Benefits$7,491,872
Grants and Similar Amounts Paid$1,115,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,449,680$678,269-$6,127,949
Interest$1,980,181--$1,980,181
Depreciation Depletion$1,668,541--$1,668,541
Occupancy$1,413,747--$1,413,747
Grants to Domestic Individuals$1,115,000--$1,115,000
Payroll Taxes$638,061$37,732-$675,793
Other Employee Benefits$593,472$35,904-$629,376
Fees for Services Management$127,391$479,273-$606,664
All Other Expenses$246,302$106,186-$352,488
Other Expenses$96,952$150,560-$247,512
Advertising$19,192$168,837-$188,029
Insurance$112$187,461-$187,573
Fees for Services Legal$5,114$80,372-$85,486
Pension Plan Contributions$50,776$7,978-$58,754
Travel$13,951$34,964-$48,915
Fees for Services Accounting-$47,010-$47,010
Total Functional Expenses$15,763,228$2,092,093$0$17,855,321

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$17,855,321
Expenses per Audited Statements$16,740,321
Total Expenses per Audited Statements$16,740,321
Expenses Not Reported on Financial Statements$1,115,000
Other Expense Adjustments$1,115,000
Expenses Not Reported on Form 990$0
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
Refundable Advance Fees$3,776,639
Deposits on Unoccupied Units$131,185
Resident Trust Funds$86,732

Bond Issues

BondIssuerIssuedIssue PricePurpose
ANorth Carolina Medical Care Commission2011-04-28$26,642,514SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$26,642,514--$532,850

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The board of directors has contracted with life care services, llc. To manage, operate and maintain the retirement community. The executive director, mark kolada, is an employee of life care services, llc.

Form 990, Part VI, Section A, Line 7A

The grand master appoints three board members.

Form 990, Part VI, Section B, Line 11

The board of directors will review the form 990 as it is presented by life care services, llc. The board of directors will ask any pertinent questions at that time.

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

Annual monitoring of conflict of interest is part of the duties of the corporate compliance committee.

Form 990, Part VI, Section B, Line 15

Compensation for ceo, current officers, etc. Is reviewed as a part of annual budget by the board of directors, finance committee and personnel committee.

Form 990, Part VI, Section C, Line 19

Governing documents and policies are available upon request. The audited financials are included in annual disclosure as required by department of insurance.

Filing and Contact Details

Filer

Filer Name
Masonic and Eastern Star Home
EIN
56-0529956
Phone
3362990031
Address
700 S HOLDEN ROAD, GREENSBORO, NC 27407
Doing Business As
Whitestone

Signing Officer

Name
Mark Kolada
Title
Executive Director
Phone
3362990031
Signed
2015-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Kolada
Formed
1912
Legal Domicile
Nc
Voting Board Members
20
Independent Board Members
20
Employees
302
Volunteers
27

Preparer

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

Financial Statement Notes

PART X, LINE 2:

It is the home'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 during 2014. Currently, the statute of limitations remains open subsequent to and including 2012; however, no examinations are in progress or anticipated.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Grants made to residents 1,115,000.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Grants made to residents 1,115,000.

Raw XML AppendixShowing 400 of 767 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.

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IRS990/ActivityOrMissionDesc0AS A RETIREMENT COMMUNITY LEADER SINCE 1912, MASONIC AND EASTERN STAR HOME OF NC IS DEVOTED TO EXCELLENCE IN HOSPITALITY WITH TRADITIONAL VALUES PROMOTING FRATERNAL SERVICE, DIGNITY, DEPENDABILITY, AND CHOICE.
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IRS990/Form990PartVIISectionAGrp/PersonNm2FRAN SOUTHERN
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES H WOOLARD
IRS990/Form990PartVIISectionAGrp/PersonNm4LINDA BONNER
IRS990/Form990PartVIISectionAGrp/PersonNm5MIKE CASHION
IRS990/Form990PartVIISectionAGrp/PersonNm6DOUGLAS CAUDLE
IRS990/Form990PartVIISectionAGrp/PersonNm7BETTY HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm8THOMAS JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm9SHERRIL NORMAN
IRS990/Form990PartVIISectionAGrp/PersonNm10WAYNE SOUTHERN
IRS990/Form990PartVIISectionAGrp/PersonNm11JAMES SYKES
IRS990/Form990PartVIISectionAGrp/PersonNm12DAVID WICKER JR
IRS990/Form990PartVIISectionAGrp/PersonNm13ARNOLD GENE COBB
IRS990/Form990PartVIISectionAGrp/PersonNm14ROSS GELLER
IRS990/Form990PartVIISectionAGrp/PersonNm15JOEY TRANSOU
IRS990/Form990PartVIISectionAGrp/PersonNm16BRYANT WEBSTER
IRS990/Form990PartVIISectionAGrp/PersonNm17KEVIN COMBS
IRS990/Form990PartVIISectionAGrp/PersonNm18GILBERT BAILEY
IRS990/Form990PartVIISectionAGrp/PersonNm19DON ALDERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm20MARK KOLADA
IRS990/Form990PartVIISectionAGrp/PersonNm21DIANNE ARMSTRONG
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21HEALTH CENTER ADMINISTRATOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01912
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantAmt01115000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01115000
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IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01696479
IRS990/GrossReceiptsAmt018676088
IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
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IRS990/InsuranceGrp/ProgramServicesAmt0112
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0AS A RETIREMENT COMMUNITY LEADER SINCE 1912, MASONIC AND EASTERN STAR HOME OF NC IS DEVOTED TO EXCELLENCE IN HOSPITALITY WITH TRADITIONAL VALUES PROMOTING FRATERNAL SERVICE, DIGNITY, DEPENDABILITY, AND CHOICE.
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IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2150560
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IRS990/OtherExpensesGrp/ProgramServicesAmt396952
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IRS990/OtherExpensesGrp/TotalAmt2385017
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt050776
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IRS990/PoliticalCampaignActyInd00
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IRS990/PrincipalOfficerNm0MARK KOLADA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623000
IRS990/ProgramServiceRevenueGrp/Desc0RESIDENT SERVICES

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$133$125$7.53$27.8$31.5$3.70
2023Detailed filing. Detailed filing data is available for this year.$134$125$9.72$20.4$24.1$3.73
2022Detailed filing. Detailed filing data is available for this year.$141$130$11.5$16.2$18.1$1.89
2021Detailed filing. Detailed filing data is available for this year.$138$121$17.2$15.7$16.5$0.88
2020Detailed filing. Detailed filing data is available for this year.$137$121$16.1$19.6$18.0$1.65
2019Detailed filing. Detailed filing data is available for this year.$59.5$44.1$15.4$20.7$18.0$2.69
2018Detailed filing. Detailed filing data is available for this year.$55.8$42.6$13.2$18.6$18.4$0.20
2017Detailed filing. Detailed filing data is available for this year.$82.5$63.8$18.7$20.6$18.5$2.10
2016Detailed filing. Detailed filing data is available for this year.$56.2$39.9$16.3$18.2$17.9$0.31
2015Detailed filing. Detailed filing data is available for this year.$56.4$40.3$16.2$19.2$18.1$1.15
2014Detailed filing. Detailed filing data is available for this year.$56.3$40.0$16.3$17.0$17.9$0.88
2013Detailed filing. Detailed filing data is available for this year.$56.6$39.7$16.9$16.6$18.2$1.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.3$41.2$18.1$13.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.5$37.1$17.4$12.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.0$16.2$15.8$12.3
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $50M-$100M nonprofits