Civic Intelligence

Matthews Glen Residents Association

EIN 56-1680357 • 501(c)7 • Matthews, NC

Profile

Promotion of social welfare to primarily promote the common good and general welfare of the people of plantation estates community, a continuing care retirement community owned and operated by acts retirement life communities, inc. The organization raises funds from its members and uses the funds to support its recreational and social activities, make donations and contribute to and administer an appreciation fund for the benefit of non-members.

733 Pavilion View DriveMatthews, NC 28105

n/A

Siviq Scores

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

Liabilities / Assets

69th percentile

0.00x

Higher debt load relative to assets than 69% of similar nonprofits.

NTEE N50 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.00x

Higher debt load relative to revenue than 67% of similar nonprofits.

NTEE N50 • <$500k nonprofits • Source year 2024

Net Margin

39th percentile

0.2%

Higher net margin than 39% of similar nonprofits.

NTEE N50 • <$500k nonprofits • Source year 2024

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE N50 • <$500k nonprofits • Source year 2024

Asset Growth

49th percentile

1.6%

Faster asset growth than 49% of similar nonprofits.

NTEE N50 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

60%

Faster revenue growth than 88% of similar nonprofits.

NTEE N50 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$44,581

Up $693 (+1.6%) from 2023

Liabilities

$71

No earlier filing loaded for comparison.

Net Assets

Up

$44,510

Up $622 (+1.4%) from 2023

Revenue

Up

$251,586

Up $94,059 (+60%) from 2023

Expenses

Up

$250,964

Up $100,267 (+67%) from 2023

Net Income

Down

$622

Down $6,208 (-91%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2011: $5,051Liabilities 2011: $02011Assets 2012: $9,284Liabilities 2012: $02012Assets 2013: $6,191Liabilities 2013: $02013Assets 2014: $6,072Liabilities 2014: $02014Assets 2015: $5,922Liabilities 2015: $02015Assets 2016: $6,021Liabilities 2016: $02016Assets 2017: $23,484Liabilities 2017: $02017Assets 2018: $35,328Liabilities 2018: $02018Assets 2019: $47,372Net Assets 2019: $47,3722019Assets 2020: $38,221Liabilities 2020: $02020Assets 2021: $39,938Net Assets 2021: $39,9382021Assets 2022: $34,341Net Assets 2022: $34,3412022Assets 2023: $43,888Net Assets 2023: $43,8882023Assets 2024: $44,581Liabilities 2024: $71Net Assets 2024: $44,5102024

Highlighted filing

2024

Assets$44,581
Liabilities$71
Net Assets$44,510

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $65,254Expenses 2011: $66,006Net Income 2011: -$7522011Revenue 2012: $67,314Expenses 2012: $63,832Net Income 2012: $3,4822012Revenue 2013: $68,560Expenses 2013: $71,524Net Income 2013: -$2,9642013Revenue 2014: $70,606Expenses 2014: $70,725Net Income 2014: -$1192014Revenue 2015: $69,486Expenses 2015: $69,636Net Income 2015: -$1502015Revenue 2016: $71,581Expenses 2016: $71,482Net Income 2016: $992016Revenue 2017: $102,878Expenses 2017: $105,144Net Income 2017: -$2,2662017Revenue 2018: $134,308Expenses 2018: $126,038Net Income 2018: $8,2702018Revenue 2019: $131,109Expenses 2019: $119,430Net Income 2019: $11,6792019Revenue 2020: $140,162Expenses 2020: $149,313Net Income 2020: -$9,1512020Revenue 2021: $153,055Expenses 2021: $151,338Net Income 2021: $1,7172021Revenue 2022: $152,185Expenses 2022: $157,782Net Income 2022: -$5,5972022Revenue 2023: $157,527Expenses 2023: $150,697Net Income 2023: $6,8302023Revenue 2024: $251,586Expenses 2024: $250,964Net Income 2024: $6222024

Highlighted filing

2024

Revenue$251,586
Expenses$250,964
Net Income$622

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$2.52$2.51$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.44$0.44$1.58$1.51$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.34$0.34$1.52$1.58$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.40$0.40$1.53$1.51$0.02
2020Summary only. Only limited summary data is available for this year.$0.38$0.00$1.40$1.49$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.47$0.47$1.31$1.19$0.12
2018Summary only. Only limited summary data is available for this year.$0.35$0.00$1.34$1.26$0.08
2017Summary only. Only limited summary data is available for this year.$0.23$0.00$1.03$1.05$0.02
2016Summary only. Only limited summary data is available for this year.$0.06$0.00$0.72$0.71$0.00
2015Summary only. Only limited summary data is available for this year.$0.06$0.00$0.69$0.70$0.00
2014Summary only. Only limited summary data is available for this year.$0.06$0.00$0.71$0.71$0.00
2013Summary only. Only limited summary data is available for this year.$0.06$0.00$0.69$0.72$0.03
2012Summary only. Only limited summary data is available for this year.$0.09$0.00$0.67$0.64$0.03
2011Summary only. Only limited summary data is available for this year.$0.05$0.00$0.65$0.66$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 19, 2025
Return Version
2024v5.0
Gross Receipts
$251,586
Mission and Program Overview

Mission

Promotion of social welfare to primarily promote the common good and general welfare of the people of plantation estates community, a continuing care retirement community owned and operated by acts retirement life communities, inc. The organization raises funds from its members and uses the funds to support its recreational and social activities, make donations and contribute to and administer an appreciation fund for the benefit of non-members.

Promotion of social welfare to primarily promote the common good and general welfare of the people of plantation estates community, a continuing care retirement community owned and operated by acts retirement life communities, inc. The organization raises funds from its members and uses the funds to support its rereational and social activities, make donations and contribute to and administer an appreciation fund for the benefit of non-members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$43,888$44,581▲ $693
Total Assets$43,888$44,581▲ $693
Liabilities
Accounts Payable and Accrued Expenses-$71-
Total Liabilities$0$71▲ $71
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$43,888$44,510▲ $622
Total Net Assets Fund Balance$43,888$44,510▲ $622
Total Liabilities and Net Assets / Fund Balance$43,888$44,581▲ $693
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bruce WhiteCo-president
Shirley WhiteCo-president
Claudia SchmidtAssistant Se
Sara CarpenterAssistant Tr
Jan SellardsSecretary
George StratisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$251,403
Investment Income
$183
Other Revenue
$0
Change in Net Assets
$622
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$250,964
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$3,118$224-$3,342
Office Expenses$1,541--$1,541
Fees for Services Management-$1,520-$1,520
Other Expenses$1,171$1,262-$1,171
Total Functional Expenses$247,958$3,006$0$250,964
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Matthews Glen Residents Association
EIN
56-1680357
Phone
7048455900
Address
733 PAVILION VIEW DRIVE, MATTHEWS, NC 28105

Signing Officer

Name
Sara Carpenter
Title
Assistant Treasurer
Phone
7048455900
Signed
2025-07-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sara Carpenter
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Ec Barrett LLC
Address
750 HAMMOND DR NE BLDG 17, ATLANTA, GA 30328
Preparer
Kevin J Merck CPA
Phone
4042504570
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Promotion of social welfare to primarily promote the common good and general welfare of the people of plantation estates community, a continuing care retirement community owned and operated by acts retirement life communities, inc. The organization raises funds from its members and uses the funds to support its rereational and social activities, make donations and contribute to and administer an appreciation fund for the benefit of non-members.

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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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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/Filer/USAddress/AddressLine1Txt0733 PAVILION VIEW DRIVE
ReturnHeader/Filer/USAddress/CityNm0MATTHEWS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028105
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0932107924
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EC BARRETT LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0750 HAMMOND DR NE BLDG 17
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ATLANTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030328
ReturnHeader/PreparerPersonGrp/PhoneNum04042504570
ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEVIN J MERCK CPA
ReturnHeader/ReturnTs02025-07-25T07:49:03-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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