Civic Intelligence

Alamance Extended Care Inc

EIN 58-1681364 • 501(c)3 • Greensboro, NC

Profile

Alamance extended care is committed to improving the health of the community through the provision of a high quality lifecare retirement experience that integrates a continuum of retirement living, preventative wellness and longterm care services.

5603 New Garden Village DrGreensboro, NC 27410

www.villageatbrookwood.org

Siviq Scores

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

Liabilities / Assets

94th percentile

1.04x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

3.59x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

27th percentile

-2.2%

Higher net margin than 27% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

57th percentile

$405,531

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

34th percentile

2.1%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Revenue Growth

73rd percentile

19%

Faster revenue growth than 73% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Assets

Up

$57,683,334

Up $3,706,721 (+6.9%) from 2023

Liabilities

Up

$60,230,127

Up $3,635,971 (+6.4%) from 2023

Net Assets

Up

-$2,546,793

Up $70,750 (+2.7%) from 2023

Revenue

Up

$16,758,442

Up $3,177,416 (+23%) from 2023

Expenses

Up

$17,124,465

Up $805,487 (+4.9%) from 2023

Net Income

Up

-$366,023

Up $2,371,929 (+87%) from 2023

Trend Graphs

Balance Sheet Trend

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

$100M$50M$0-$50MAssets 2010: $60,061,415Liabilities 2010: $73,787,163Net Assets 2010: -$13,725,7482010Assets 2011: $58,661,287Liabilities 2011: $72,356,942Net Assets 2011: -$13,695,6552011Assets 2012: $58,092,442Liabilities 2012: $71,334,512Net Assets 2012: -$13,242,0702012Assets 2013: $70,625,584Liabilities 2013: $61,908,827Net Assets 2013: $8,716,7572013Assets 2014: $69,090,911Liabilities 2014: $15,096,281Net Assets 2014: $53,994,6302014Assets 2015: $74,847,423Liabilities 2015: $19,898,368Net Assets 2015: $54,949,0552015Assets 2016: $73,089,514Liabilities 2016: $18,391,103Net Assets 2016: $54,698,4112016Assets 2017: $73,866,445Liabilities 2017: $19,854,929Net Assets 2017: $54,011,5162017Assets 2018: $71,984,950Liabilities 2018: $21,569,413Net Assets 2018: $50,415,5372018Assets 2019: $73,266,375Liabilities 2019: $23,668,369Net Assets 2019: $49,598,0062019Assets 2020: $65,444,547Liabilities 2020: $22,241,083Net Assets 2020: $43,203,4642020Assets 2021: $64,386,325Liabilities 2021: $22,558,637Net Assets 2021: $41,827,6882021Assets 2022: $55,377,747Liabilities 2022: $50,244,735Net Assets 2022: $5,133,0122022Assets 2023: $53,976,613Liabilities 2023: $56,594,156Net Assets 2023: -$2,617,5432023Assets 2024: $57,683,334Liabilities 2024: $60,230,127Net Assets 2024: -$2,546,7932024

Highlighted filing

2024

Assets$57,683,334
Liabilities$60,230,127
Net Assets-$2,546,793

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $17,300,3552010Expenses 2011: $17,448,9282011Expenses 2012: $17,705,4382012Revenue 2013: $14,100,750Expenses 2013: $13,078,562Net Income 2013: $1,022,1882013Revenue 2014: $15,458,376Expenses 2014: $15,274,735Net Income 2014: $183,6412014Revenue 2015: $17,338,336Expenses 2015: $16,674,040Net Income 2015: $664,2962015Revenue 2016: $17,230,578Expenses 2016: $17,485,823Net Income 2016: -$255,2452016Revenue 2017: $17,669,557Expenses 2017: $18,356,309Net Income 2017: -$686,7522017Revenue 2018: $16,622,408Expenses 2018: $17,723,317Net Income 2018: -$1,100,9092018Revenue 2019: $17,976,499Expenses 2019: $18,794,030Net Income 2019: -$817,5312019Revenue 2020: $16,543,421Expenses 2020: $22,895,806Net Income 2020: -$6,352,3852020Revenue 2021: $13,908,822Expenses 2021: $15,284,598Net Income 2021: -$1,375,7762021Revenue 2022: $11,909,795Expenses 2022: $12,516,487Net Income 2022: -$606,6922022Revenue 2023: $13,581,026Expenses 2023: $16,318,978Net Income 2023: -$2,737,9522023Revenue 2024: $16,758,442Expenses 2024: $17,124,465Net Income 2024: -$366,0232024

Highlighted filing

2024

Revenue$16,758,442
Expenses$17,124,465
Net Income-$366,023

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$57.7$60.2$2.55$16.8$17.1$0.37
2023Detailed filing. Detailed filing data is available for this year.$54.0$56.6$2.62$13.6$16.3$2.74
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.4$50.2$5.13$11.9$12.5$0.61
2021Detailed filing. Detailed filing data is available for this year.$64.4$22.6$41.8$13.9$15.3$1.38
2020Detailed filing. Detailed filing data is available for this year.$65.4$22.2$43.2$16.5$22.9$6.35
2019Detailed filing. Detailed filing data is available for this year.$73.3$23.7$49.6$18.0$18.8$0.82
2018Detailed filing. Detailed filing data is available for this year.$72.0$21.6$50.4$16.6$17.7$1.10
2017Detailed filing. Detailed filing data is available for this year.$73.9$19.9$54.0$17.7$18.4$0.69
2016Detailed filing. Detailed filing data is available for this year.$73.1$18.4$54.7$17.2$17.5$0.26
2015Detailed filing. Detailed filing data is available for this year.$74.8$19.9$54.9$17.3$16.7$0.66
2014Detailed filing. Detailed filing data is available for this year.$69.1$15.1$54.0$15.5$15.3$0.18
2013Summary only. Only limited summary data is available for this year.$70.6$61.9$8.72$14.1$13.1$1.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.1$71.3$13.2$17.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.7$72.4$13.7$17.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.1$73.8$13.7$17.3
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.1
Gross Receipts
$16,758,442
Mission and Program Overview

Mission

Alamance extended care is committed to improving the heatlh of the community through the provision of a high quality life-care retirement experience that integrates a continuum of retirement living, preventative wellness and long-term care services.

To provide a full continuum of care for older adults

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$46,461,247$51,382,282▲ $4,921,035
Accounts Receivable$488,770$551,466▲ $62,696
Cash and Non-Interest-Bearing Accounts$1,709,960$80,230▼ $1,629,730
Prepaid Expenses and Deferred Charges$64,502$0▼ $64,502
Inventories for Sale or Use$30,373$32,291▲ $1,918
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$53,976,613$57,683,334▲ $3,706,721
Other Assets Total$5,221,761$5,637,065▲ $415,304
Liabilities
Deferred Revenue$18,485,046$25,969,195▲ $7,484,149
Unsecured Notes Loans Payable$24,474,472$23,912,910▼ $561,562
Other Liabilities$9,910,816$8,048,051▼ $1,862,765
Accounts Payable and Accrued Expenses$3,723,822$2,299,971▼ $1,423,851
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$56,594,156$60,230,127▲ $3,635,971
Net Assets / Fund Balance
Net Assets With Donor Restrictions$204,551$161,046▼ $43,505
Net Assets Without Donor Restrictions$-2,822,094$-2,707,839▲ $114,255
Total Net Assets Fund Balance$-2,617,543$-2,546,793▲ $70,750
Total Liabilities and Net Assets / Fund Balance$53,976,613$57,683,334▲ $3,706,721

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$42,062,395$16,179,015$58,241,410
Land$7,094,031-$7,094,034
Equipment$1,702,609$1,886,898$3,589,507
Leasehold Improvements$499,613$423,774$923,387
Other Land Buildings$23,634-$23,634
Other Assets Org$285--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cynthia KrokshDirector of NursingFT$148,241$9,675$157,916
Elizabeth S HuneycuttDirector of SalesFT$122,763$25,231$147,994
Pamerla S GillespieQa ManagerFT$105,539$22,646$128,185
Arthur GardinerDirector of Dining ServicesFT$106,093$10,497$116,590

Board Members and Trustees

NameTitle
Kathryn Cookie BillingsChair
Stephen P FlemingPresident CEO
Kenneth BoggsVice-chair Imm Past Chai
Anthony BoydBoard Member
Barry CannerBoard Member
Ben ZurawBoard Member
Bob ChandlerBoard Member
Bob PowellBoard Member
Bonnie McalisterBoard Member
Chris BrownBoard Member
Jean DavisonBoard Member
Jennifer KoenigBoard Member
Jerry BaileyBoard Member
Sally ConeBoard Member
Susan ShumakerBoard Member
Tim ClontzBoard Member
Warren WebsterBoard Member
Wendy GatlinBoard Member
April MayberryExecutive Director
K Alan TutterowSecretary Interim Treas

Highest Paid Contractors

ContractorServicesLocationCompensation
Quality MechanicalConstruction3032 A ROCK HILL RD, Burlington, NC 27215$286,140
Brightview Landscapes LLCLandscapePO BOX 740655, Atlanta, GA 30374$201,851
Hvac Experts LLCHvacPO BOX 92, Prospect Hill, NC 27314$157,100
Boulton CreativeMarketing601 WEST SMITH ST, Greensboro, NC 27401$124,742
Revenue and Support

Revenue Composition

Contributions and Grants
$208,056
Program Service Revenue
$16,536,223
Investment Income
$5,277
Other Revenue
$8,886
All Other Contributions
$208,056
Change in Net Assets
$-366,023

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,593,891
Revenue Not Reported on Financial Statements
$164,551
Revenue Not Reported on Form 990
$208,056
Other Revenue Adjustments
$164,551
Total Revenue per Audited Statements
$16,801,947
Total Revenue per Form 990
$16,758,442
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,657,849
Salaries, Compensation, and Employee Benefits$8,466,616
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,889,971$1,179,687$0$6,069,658
Depreciation Depletion$3,089,378$0$0$3,089,378
Other Employee Benefits$1,166,779$705,067$0$1,871,846
Office Expenses$778,444$365,468$0$1,143,912
Interest$1,143,183$0$0$1,143,183
Occupancy$1,030,987$0$0$1,030,987
Insurance$606,360$0$0$606,360
Payroll Taxes$270,744$163,606$0$434,350
Fees for Services Management$0$279,517$0$279,517
Fees for Services Other$164,488$81,143$0$245,631
All Other Expenses$113,631$62,338$0$175,969
Advertising$35$164,735$0$164,770
Information Technology$80,635$34,557$0$115,192
Pension Plan Contributions$56,575$34,187$0$90,762
Fees for Services Accounting$0$66,711$0$66,711
Fees for Services Legal$0$12,793$0$12,793
Total Functional Expenses$13,899,403$3,225,062$0$17,124,465

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,124,465
Total Expenses per Audited Statements$17,124,465
Total Expenses per Form 990$17,124,465
Expenses Not Reported on Financial Statements$0
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
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$3,990,854
Refundable Fess$3,759,851
Refundable Reservation Fee$297,346
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

Part VI, Line 6

In july 2022 wellspring services became the sole member of the village through a member substitution agreement the member substitution agreement with armc and the moses h. Cone memorial hospital cone health. The member substitution agreement was entered into january 26 2022 and the member substitution was finalized on july 1 2022.

Part VI, Line 11A

The return is emailed to each board member. Members of the finance staff are available to respond to any questions or address any issues. Board members approved the return via an email vote.

Part VI, Line 12C

Before every board meeting or committee meeting the chair will ask every member to review the agenda and to disclose any area where they may have conflict so that the disclosure is complete prior to discussion.

Part VI, Line 15

The following methods are used to establish compensation of officers: compensation committee independent compensation consultant written employment contract compensation survey or study and approval by the board or compensation committee. The process described here was last completed in 2024.

Part VI, Line 19

The organization makes these documents available upon request.

Filing and Contact Details

Filer

Filer Name
Alamance Extended Care Inc
EIN
58-1681364
Phone
3365455407
Address
5603 NEW GARDEN VILLAGE DR, GREENSBORO, NC 27410

Signing Officer

Name
Rhonda Cummons
Title
Co Director of Finance
Phone
3364589117
Signed
2025-11-13

Organization Details

Principal Officer
Stephen P Fleming
Formed
1985
Legal Domicile
Nc
Voting Board Members
21
Independent Board Members
21
Employees
215
Volunteers
35
Supplemental Narrative

Additional Explanations

Doing Business As Names

THE VILLAGE AT BROOKWOOD

Part XI, Line 9

| Description:, Explanation:, Amount:| ACCRETED INTEREST, ACCRETED INTEREST, $555194| UNREALIZED LOSS ON SWAP, Change in Value of Interest Rate Swap Agreements, $-118421|

Financial Statement Notes

Part XI, line 2D

Net assets released from restriction

Part XI, line 4B

Donor restricted contributions

Part I to XII

| PartandLinenumber:,Explanation:| Part X Line 2,THE VILLAGE FOLLOWS GUIDANCE ON THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THIS GUIDANCE HAS HAD NO IMPACT ON THE VILLAGES FINANCIAL STATEMENTS.|

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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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