Civic Intelligence

The Cross Road Rest & Retirement Center Inc

EIN 58-1491011 • 501(c)3 • Asheboro, NC

Profile

Cross road rest & retirement center is dedicated to providing exceptional residential, health and outreach services. Our qualified and caring team serves our residents with respect and dignity in an atmosphere of love. As a non-profit christian ministry, we are committed to the changing needs of seniors and their families.

1302 Old Cox RoadAsheboro, NC 27205

www.cross-road.org

Siviq Scores

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

Liabilities / Assets

69th percentile

0.46x

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

NTEE P • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

77th percentile

0.63x

Higher debt load relative to revenue than 77% of similar nonprofits.

NTEE P • $5M-$10M nonprofits • Source year 2025

Net Margin

34th percentile

-0.8%

Higher net margin than 34% of similar nonprofits.

NTEE P • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

26th percentile

$84,489

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

NTEE P • $5M-$10M nonprofits • Source year 2025

Asset Growth

21st percentile

-5.5%

Faster asset growth than 21% of similar nonprofits.

NTEE P • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

33rd percentile

0.8%

Faster revenue growth than 33% of similar nonprofits.

NTEE P • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Down

$8,933,701

Down $521,247 (-5.5%) from 2024

Liabilities

Down

$4,089,631

Down $470,525 (-10%) from 2024

Net Assets

Down

$4,844,070

Down $50,722 (-1.0%) from 2024

Revenue

Up

$6,484,923

Up $54,423 (+0.8%) from 2024

Expenses

Up

$6,535,530

Up $183,741 (+2.9%) from 2024

Net Income

Down

-$50,607

Down $129,318 (-164%) from 2024

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $9,909,980Liabilities 2010: $8,379,803Net Assets 2010: $1,530,1772010Assets 2011: $9,570,527Liabilities 2011: $8,672,232Net Assets 2011: $898,2952011Assets 2012: $8,952,038Liabilities 2012: $7,928,266Net Assets 2012: $1,023,7722012Assets 2013: $8,966,530Liabilities 2013: $7,485,798Net Assets 2013: $1,480,7322013Assets 2014: $8,185,665Liabilities 2014: $6,966,419Net Assets 2014: $1,219,2462014Assets 2015: $7,937,991Liabilities 2015: $6,690,921Net Assets 2015: $1,247,0702015Assets 2016: $8,192,621Liabilities 2016: $6,515,052Net Assets 2016: $1,677,5692016Assets 2017: $9,618,029Liabilities 2017: $6,894,676Net Assets 2017: $2,723,3532017Assets 2018: $9,984,978Liabilities 2018: $6,842,372Net Assets 2018: $3,142,6062018Assets 2019: $10,074,509Liabilities 2019: $6,609,637Net Assets 2019: $3,464,8722019Assets 2020: $10,417,258Liabilities 2020: $5,974,665Net Assets 2020: $4,442,5932020Assets 2021: $10,139,721Liabilities 2021: $5,577,255Net Assets 2021: $4,562,4662021Assets 2022: $9,799,096Liabilities 2022: $5,212,608Net Assets 2022: $4,586,4882022Assets 2023: $9,738,462Liabilities 2023: $4,933,143Net Assets 2023: $4,805,3192023Assets 2024: $9,454,948Liabilities 2024: $4,560,156Net Assets 2024: $4,894,7922024Assets 2025: $8,933,701Liabilities 2025: $4,089,631Net Assets 2025: $4,844,0702025

Highlighted filing

2025

Assets$8,933,701
Liabilities$4,089,631
Net Assets$4,844,070

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,823,5242010Expenses 2011: $4,833,1242011Revenue 2012: $5,089,891Expenses 2012: $4,955,807Net Income 2012: $134,0842012Revenue 2013: $5,225,208Expenses 2013: $4,848,072Net Income 2013: $377,1362013Revenue 2014: $4,761,183Expenses 2014: $4,905,052Net Income 2014: -$143,8692014Revenue 2015: $4,748,006Expenses 2015: $4,714,960Net Income 2015: $33,0462015Revenue 2016: $5,149,108Expenses 2016: $4,715,858Net Income 2016: $433,2502016Revenue 2017: $6,146,021Expenses 2017: $5,027,978Net Income 2017: $1,118,0432017Revenue 2018: $5,863,238Expenses 2018: $5,444,631Net Income 2018: $418,6072018Revenue 2019: $5,791,066Expenses 2019: $5,469,694Net Income 2019: $321,3722019Revenue 2020: $6,508,370Expenses 2020: $5,531,886Net Income 2020: $976,4842020Revenue 2021: $5,386,992Expenses 2021: $5,276,714Net Income 2021: $110,2782021Revenue 2022: $5,488,912Expenses 2022: $5,450,025Net Income 2022: $38,8872022Revenue 2023: $6,200,146Expenses 2023: $5,987,127Net Income 2023: $213,0192023Revenue 2024: $6,430,500Expenses 2024: $6,351,789Net Income 2024: $78,7112024Revenue 2025: $6,484,923Expenses 2025: $6,535,530Net Income 2025: -$50,6072025

Highlighted filing

2025

Revenue$6,484,923
Expenses$6,535,530
Net Income-$50,607

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.93$4.09$4.84$6.48$6.54$0.05
2024Detailed filing. Detailed filing data is available for this year.$9.45$4.56$4.89$6.43$6.35$0.08
2023Detailed filing. Detailed filing data is available for this year.$9.74$4.93$4.81$6.20$5.99$0.21
2022Detailed filing. Detailed filing data is available for this year.$9.80$5.21$4.59$5.49$5.45$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$5.58$4.56$5.39$5.28$0.11
2020Detailed filing. Detailed filing data is available for this year.$10.4$5.97$4.44$6.51$5.53$0.98
2019Detailed filing. Detailed filing data is available for this year.$10.1$6.61$3.46$5.79$5.47$0.32
2018Detailed filing. Detailed filing data is available for this year.$9.98$6.84$3.14$5.86$5.44$0.42
2017Detailed filing. Detailed filing data is available for this year.$9.62$6.89$2.72$6.15$5.03$1.12
2016Detailed filing. Detailed filing data is available for this year.$8.19$6.52$1.68$5.15$4.72$0.43
2015Detailed filing. Detailed filing data is available for this year.$7.94$6.69$1.25$4.75$4.71$0.03
2014Detailed filing. Detailed filing data is available for this year.$8.19$6.97$1.22$4.76$4.91$0.14
2013Summary only. Only limited summary data is available for this year.$8.97$7.49$1.48$5.23$4.85$0.38
2012Summary only. Only limited summary data is available for this year.$8.95$7.93$1.02$5.09$4.96$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.57$8.67$0.90$4.83
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.91$8.38$1.53$4.82
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Mar 10, 2026
Return Version
2024v5.0
Gross Receipts
$6,543,682
Mission and Program Overview

Mission

Cross road rest & retirement center is dedicated to providing exceptional residential, health and outreach services. Our qualified and caring team serves our residents with respect and dignity in an atmosphere of love. Founded as a non-profit christian ministry, we are committed to the changing needs of seniors and their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,829,334$6,559,461▼ $269,873
Investments Other Securities$1,378,157$1,442,724▲ $64,567
Savings and Temporary Cash Investments$408,779$331,407▼ $77,372
Cash and Non-Interest-Bearing Accounts$334,318$154,920▼ $179,398
Accounts Receivable$185,844$101,564▼ $84,280
Investments in Publicly Traded Securities$64,907$71,806▲ $6,899
Prepaid Expenses and Deferred Charges$35,924$51,383▲ $15,459
Inventories for Sale or Use$18,233$16,690▼ $1,543
Total Assets$9,454,948$8,933,701▼ $521,247
Other Assets Total$199,452$203,746▲ $4,294
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,007,393$3,593,658▼ $413,735
Accounts Payable and Accrued Expenses$494,703$414,926▼ $79,777
Deferred Revenue$38,592$69,148▲ $30,556
Other Liabilities$19,468$11,899▼ $7,569
Total Liabilities$4,560,156$4,089,631▼ $470,525
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,729,420$4,665,534▼ $63,886
Net Assets With Donor Restrictions$165,372$178,536▲ $13,164
Total Net Assets Fund Balance$4,894,792$4,844,070▼ $50,722
Total Liabilities and Net Assets / Fund Balance$9,454,948$8,933,701▼ $521,247

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,992,859$9,141,730$14,134,589
Equipment$383,226$2,422,449$2,805,675
Leasehold Improvements$422,193$416,402$838,595
Land$761,183-$761,183
Other Securities$1,442,724--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$64,907$1,643▲ $5,256-$71,806
2023$56,849$675▲ $7,383-$64,907
2022$51,791$454▲ $4,604-$56,849
2021$62,785$4,471▼ $15,465-$51,791
2020$37,958$17,436▲ $7,391-$62,785
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Randy TedderExecutive DiFT$76,956$7,533$84,489
Susan CagleDirector ofFT$73,328$2,195$75,523

Board Members and Trustees

NameTitle
Debbie BrewerDirector
Hope HaywoodDirector
Julie MabeDirector
Merrill WatersDirector
Mike SheronDirector
Pam ReganDirector
Renea HendersonDirector
Stephen MooreDirector
Terry BishopDirector
Larry HilliardDirector Eme
Revenue and Support

Revenue Composition

Contributions and Grants
$10,238
Program Service Revenue
$6,286,125
Investment Income
$83,520
Other Revenue
$105,040
All Other Contributions
$10,238
Change in Net Assets
$-50,607

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,529,317
Revenue Not Reported on Financial Statements
$-44,394
Revenue Not Reported on Form 990
$-115
Other Revenue Adjustments
$-45,163
Total Revenue per Audited Statements
$6,529,202
Total Revenue per Form 990
$6,484,923
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,043,594
Other Expenses$2,491,936
Total Fundraising Expense$8,561
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,574,910$662,027$3,327$3,240,264
Depreciation Depletion$489,171$33,513-$522,684
Other Employee Benefits$323,121$83,077$418$406,616
Occupancy$350,556--$350,556
Insurance$145,219$104,126$523$249,868
Payroll Taxes$182,820$47,004$236$230,060
All Other Expenses$114,882$56,346$3,436$174,664
Current Officers, Directors, Trustees, and Key Employees$132,434$34,049$171$166,654
Interest$117,752--$117,752
Other Expenses$117,493$8,334$42$117,493
Fees for Services Other$106,184$6,943-$113,127
Advertising$40,409-$408$40,817
Fees for Services Accounting-$30,000-$30,000
Travel$9,640$4,037-$13,677
Fees for Service Investment Mgmnt Fees-$769-$769
Total Functional Expenses$5,439,851$1,087,118$8,561$6,535,530

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,579,924
Total Expenses per Form 990$6,535,530
Expenses per Audited Statements$6,534,761
Expenses Not Reported on Form 990$45,163
Expenses Not Reported on Financial Statements$769
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$18,966
Fundraising Direct Expenses$10,974
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$18,966$18,966$10,974$7,992
Total Events$18,966$18,966$10,974$7,992
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Residents$11,899
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A copy of a draft version of the return is presented to the board of directors for review and comment during a periodic board meeting. As part of the review process, directors are provided an opportunity to pose questions and request additional details or clarification from the organization's officers as well as external accountants.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy for the organization is communicated to each employee during the orientation. In addition, monthly management meetings are held where an opportunity is provided for discussion of new professional or personal relationships that may represent potential conflicts of interest for the organization or its employees. Also, the organization's human resource function provides oversight as to ongoing adherence with the conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

Annually the board of directors independently reviews the compensation level for the executive director. The board strives to maintain a reasonable compensation level for its executive director, relying on their collective and individual experience in the industry, knowledge of compensation amounts for similar organizations, substantive salary criteria, performance evaluation and other discretionary factors.

Form 990, Page 6, Part VI, Line 15B

The executive director is responsible for setting the compensation level for the finance director and other department managers. The executive director strives to maintain reasonable compensation by giving consideration to personal knowledge of the current compensation arrangements in the not-for-profit workplace, substantive salary criteria, performance evaluation and benchmarks, and other relevant discretionary factors.

Form 990, Page 6, Part VI, Line 19

Requests for copies of public information may be made to the organization's finance department. All requests are honored within a reasonable period of time.

Filing and Contact Details

Filer

Filer Name
The Cross Road Rest & Retirement
EIN
58-1491011
Phone
3366297811
Address
1302 OLD COX ROAD, ASHEBORO, NC 27205

Signing Officer

Name
Randy Tedder
Title
Executive Director
Phone
3366101231
Signed
2026-03-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randy Tedder
Formed
1982
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
174
Volunteers
90

Preparer

Firm
Langdon & Company Llp
Address
223 US HIGHWAY 70 EAST SUITE 100, GARNER, NC 27529-4051
Preparer
Susan Dean
Phone
9196621001
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Cross road rest & retirement center is dedicated to providing exceptional residential, health and outreach services. Our qualified and caring team serves our residents with respect and dignity in an atmosphere of love. Founded as a non-profit christian ministry, we are committed to the changing needs of seniors and their families.

Form 990, Part XI, Line 9

Expenses related to rental property 44,942 loss reported with expenses on financial stmts 221 expenses related to rental property -44,942 loss reported with expenses on financial stmts -221

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Endowment funds are used to support the mission of the cross road retirement community. The center has adopted an investment policy that attempts to maximize total return consistent with an acceptable level of risk. Endowment assets are invested in a well-diversified asset mix, which includes mutual funds, that is intended to result in a consistent inflation-protected rate of return that has sufficient liquidity to make an annual distribution of 75%, while growing the fund if possible.

Schedule D, Page 3, Part X

The center considers and evaluates any uncertain tax positions. Accordingly, the center's policy is to record a liability for any tax position taken that is beneficial to the center,including any related interest and penalties,when it is more likely than not the position of management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of september 30, 2025 and 2024. Tax returns filed within the last three years remain subject to examination by major tax jurisdictions.

Schedule D, Page 4, Part XI, Line 4B

Expenses related to rental property -44,942 loss reported with expenses on financial stmts -221

Schedule D, Page 4, Part XII, Line 2D

Expenses related to rental property 44,942 loss reported with expenses on financial stmts 221

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