Carolina Meadows Inc

“Carolina meadows senior communities & services, inc. Is the sole member of carolina meadows, inc.”

“As the sole member, carolina meadows senior communities & services, inc. Elects the governing body of carolina meadows, inc.”

“As sole member, carolina meadows senior communities & services, inc. Must approve all significant decisions of carolina meadows, inc.”

“The 990 is reviewed by management, recommended by the carolina meadows, inc. Board finance committee and then approved by the parent board following preparation by the cfo and the independent tax accountant. The review is conducted prior to filing with the irs and involves a thorough examination of the information used as a basis for preparation of the 990 by the cfo and independent tax accountant, as well as examination of the draft of the 990. Any changes are recommended to, and reviewed by, the independent tax accountant.”

“Annually, all signed coi policy and attestation forms are provided to all board members, including ex-officio members. The same forms are provided to all key staff employees. The attestation forms are collected from the board and key employees in may of each year. They are then reviewed by the board governance committee and ceo for any indications of actual or perceived conflict noted. If none, the attestation forms are accepted and stored. If there were to be any indications of actual or perceived conflict noted, the governance committee would alert the board chair and the actual or perceived conflict would be discussed further with the individual involved to determine if an actual conflict existed. If it is believed an actual conflict exists, then the full board would review the conflict and make a determination how best to resolve the conflict by either accepting the conflict or requiring the member or staff person to cease and desist or face removal from the board or termination from employment if a key staff employee. If a conflict is accepted by the board, a person involved in matters where a conflict exists must recuse himself or herself from board meeting discussions around the conflict or board action taken in regard to the conflict. If a conflict involves a staff person, the staff person would either be reassigned or terminated, depending on the type of conflict and impact to the organization.”

“In determining the ceo's compensation, salary information is compiled by the executive committee of the parent board of directors which serves as the executive compensation committee. The committee uses a variety of comparability and salary survey data from catapult, inc., formerly capital associated industries (cai), including the north carolina annual wage and salary survey, the national executive compensation survey, and guidestar executive compensation data. Assessment forms rating the ceo's performance are also completed by members of all affiliate boards. Using the survey data as benchmarks and the compiled assessment data as an indicator of performance measurement, the executive committee recommends to the full parent board for approval of the total ceo compensation within the board established salary range for the ceo position. Based on salary and total compensation data from catapult (formerly capital associated industries), guidestar, the national executive compensation survey, and leadingage survey data, the ceo sets and approves compensation for the coo and cfo positions within established ranges for the organization based on input and review from the parent board. The salary amounts for the ceo, coo, and cfo are further reviewed by the full parent board as a measure of oversight and understanding of total executive compensation for the top executive positions. The process described here was last completed in 2024.”

“Minutes of quarterly board meetings including the quarterly financials and annual audited financial statements are placed in the carolina meadows resident's library. Articles of incorporation are available on the secretary of state's website and, along with the board bylaws, are available for review upon request. An annual disclosure statement is available on-line through the nc department of insurance (ncdoi.com), and includes in appendices copies of the doi ccrc license, dhsr nursing facility license, annual audited financial statements, five-year financial projections, ccrc contract and other corporate information. Conflict of interest statements are available for review upon request.”

“Wellness services: the wellness department performs annual functional fitness assessments on independent living residents that are patients of our primary medical practice at the time of their annual wellness exam. This averages 8 participants per month. Virtue sense balance gait screenings are offered at no cost in both our assisted and independent settings and ultimately tested over 540 residents through year end. We host quarterly screening events and one on one opportunities for screenings. We offered two a matter of balance series developed on evidence-based research. We also offer health coaching individually and in group settings. Physical, occupational and speech therapy services are available on our campus under contract with powerback rehabilitation. We hosted three campus blood drives for the blood connection and hosted the men's bocce and croquet events at our site for chatham county senior games. We participated in pump it for pd! Event. Physical plant services: the physical plant annually turns over an average of approximately 40 existing independent living units for new residents. Each unit is refurbished to new or like-new condition for the incoming resident/s, including work performed by our internal physical plant team. For 2024, there were 12,121 completed work orders for independent living residents, 1,786 for skilled nursing residents, and 1,997 for assisted living residents. There were also 1,681 community-wide work orders completed inclusive of special projects, security responses, and trash pickup. Total work orders, consisting of overall projects for all levels of care and community-wide, completed for 2024 equaled 17,585. Dining services: dining services provides resident meals daily for all our levels of care. For residents, approximately 80,446 meals were served during 2024 in skilled nursing, 82,026 in assisted living, and 175,848 for independent living, for a total of 338,320 annual resident meals. Additional annual totals of approximately 13,979 guest meals and 40,453 employee meals were served across campus. Total annual meals served across campus for 2024 equal approximately 392,752. Activities/life enrichment: carolina meadows provides a comprehensive life enrichment program across all levels of careindependent living (il), assisted living (al), and skilled nursing facility (snf)designed to meet the social, intellectual, spiritual, and emotional needs of residents. Staff and residents develop programs collaboratively to reflect their interests, hobbies, and values. Independent living (il) il residents benefit from a robust calendar of offerings coordinated by both staff and resident-led committees. Popular programs include live music performances, carolina meadows university lectures, and the world affairs forum. Attendance averages 75 residents per event, with special programs drawing over 200. The art program continues to flourish, with resident exhibits, art talks, and creative workshops that showcase talent within the community. Life enrichment supports wellness, creativity, and lifelong learning, and includes both large community events and smaller group gatherings. Assisted living qualified staff design the al calendar with resident input, focusing on group and individual engagement. Programs encourage residents to maintain hobbies and personal interests. Staff also facilitate memory support activities tailored to the psychosocial needs of residents in memory care. These programs promote emotional connection, cognitive stimulation, and daily engagement. Skilled nursing facility snf offers two daily activity tracks: one serving 1015 residents with moderate to severe memory impairment, and another serving 510 residents with intact cognition. Programming emphasizes therapeutic engagement, sensory stimulation, and person-centered care. A specialized music & memory program offers individualized playlists to support both snf and memory care residents. Across all levels of care volunteers suppl”

“Change in fair value interest rate swap 12,511.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”