Forest At Duke Inc is located in Durham, NC. The organization was established in 1989. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2022, Forest At Duke Inc employed 430 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forest At Duke Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Forest At Duke Inc generated $28.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $26.7m during the year ending 09/2022. While expenses have increased by 3.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Forest At Duke Inc has awarded 255 individual grants totaling $6,143,420. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A CARING, RESPONSIBLE RETIREMENT COMMUNITY BY ENHANCING RESIDENTS' LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOREST AT DUKE WELCOMED ITS FIRST RESIDENTS IN 1992 WITH A MISSION TO PROVIDE A CARING, RESPONSIBLE COMMUNITY THAT FOSTERS THE INDEPENDENCE OF RESIDENTS OF RETIREMENT AGE BY ENHANCING THEIR ABILITY TO LEAD PURPOSEFUL, ACTIVE, HEALTHY AND SECURE LIVES. THE 47-ACRE CAMPUS IS HOME TO APPROXIMATELY 400 RESIDENTS AND INCLUDES 235 INDEPENDENT LIVING RESIDENCES, 34 ASSISTED LIVING SUITES AND 58 SKILLED NURSING RESIDENCES. IN 2007, THE FOREST WAS AWARDED A BBB- CREDIT RATING BY FITCH RATINGS, ACHIEVED NATIONAL COMMISSION ON ACCREDITATION OF REHABILITATION FACILITIES/CONTINUING CARE ACCREDITATION COMMISSION (CARF-CCAC) ACCREDITATION, AND RECEIVED ANOTHER HEALTH CENTER DEFICIENCY FREE SURVEY FROM THE NC DEPARTMENT OF HEALTH REGULATORS. IN 2007, THE FOREST ALSO CHOSE TO PARTICIPATE IN THE MEDICARE PART A PROGRAM AND GAINED CERTIFICATION UNDER MEDICARE. IN OCTOBER 2017, THE FOREST AT DUKE WAS REVIEWED BY CARF-CCAC AND EARNED ANOTHER FIVE-YEAR TERM AS AN ACCREDITED CONTINUING RETIREMENT COMMUNITY.THE FOREST HAS COMPLETED THE CONSTRUCTION OF 15 COTTAGE HOMES AND ALL WERE OCCUPIED BY THE END OF FISCAL YEAR 2015. THE RENOVATION TO THE COMMUNITY CENTER, INCLUDING ENLARGING THE FITNESS CENTER, ENHANCING DINING AND OTHER INTERIOR PROGRAM MODIFICATIONS, WAS COMPLETED BY THE END OF FISCAL YEAR 2016.IN JUNE 2021, THE FOREST COMPLETED THE FINANCING TO BUILD A NEW HEALTH CENTER ON ITS CURRENT CAMPUS. THE FACILITY WILL HAVE 90 NEW UNITS IN THE "SMALL HOUSE" FORMAT IN A FIVE-STORY, APPROXIMATELY 110,000 SQUARE FOOT BUILDING. THE SMALL HOUSE MODEL OF CARE IS DESIGNED AROUND HOUSES (OR GROUPS OF ROOMS) IN WHICH EACH HOUSE HAS 10 PRIVATE ROOMS EACH WITH A BATHROOM AND ALL COMMON SPACES AND SUPPORT AREAS LOCATED WITHIN THE HOUSE. THE SMALL HOUSE MODEL WILL PROVIDE THE SAME SCOPE OF SERVICES, EACH NEIGHBORHOOD WILL HAVE A TEAM THAT PROVIDES THE CARE, RESIDENTS WILL HAVE SHORT WALKING DISTANCES TO INCREASE LEVEL OF INDEPENDENCE, RESIDENT PRIVACY, ADDITIONAL DINING AND FITNESS VENUES. RESIDENTS ARE EXPECTED TO MOVE INTO THE NEW HEALTH CENTER IN FEBRUARY 2023.THE FOREST AT DUKE TAKES SERIOUSLY ITS COMMITMENT TO SOCIAL RESPONSIBILITY AND LEADERSHIP. OUTREACH INCLUDES MAJOR ANNUAL CORPORATE FINANCIAL ASSISTANCE TO THE DURHAM COUNCIL FOR SENIOR CITIZENS, THE DURHAM CENTER FOR SENIOR LIFE, THE SENIOR PHARMASSIST PROGRAM, AND ROGERS-HERR MIDDLE SCHOOL. THROUGHOUT THE YEAR, OTHER LOCAL NON-PROFITS ARE HELPED WITH CASH, IN-KIND AND VOLUNTEER DONATIONS AS WELL. MORE THAN 75,000 RESIDENT VOLUNTEER HOURS PER YEAR BENEFIT LOCAL SCHOOLS, CHURCHES, DUKE HOSPITALS AND OTHER AREA SERVICE ORGANIZATIONS. THE FOREST EMPLOYEE EDUCATIONAL ASSISTANCE FUND CONTINUES TO AWARD MONIES TO OVER 20 FOREST STAFF EACH YEAR TO FURTHER THEIR EDUCATION.THE FOREST CONTINUES TO HAVE STRONG ASSOCIATIONS WITH EDUCATIONAL AND LICENSING INSTITUTIONS. THE COMMUNITY SERVES AS A TRAINING SITE FOR: GERIATRIC FELLOWS DUKE UNIVERSITY MEDICAL CENTER INTERNAL MEDICINE RESIDENTS DUKE UNIVERSITY MEDICAL CENTER NURSING STUDENTS WATTS SCHOOL OF NURSING INTERNS IN THE LEADERSHIP IN AGING PROGRAM DUKE UNIVERSITY THERAPEUTIC RECREATION INTERNS FROM SURROUNDING UNIVERSITIES NURSING HOME ADMINISTRATORS THE NORTH CAROLINA BOARD OF LICENSING OF NURSING HOME ADMINISTRATORSTHE FOREST ACTIVELY PARTICIPATES WITH ITS PEERS IN THE INDUSTRY THROUGH ASSOCIATION INVOLVEMENT. FOREST EMPLOYEES OFTEN SERVE IN LEADERSHIP AND AS PRESENTERS AT STATE AND NATIONAL EDUCATIONAL SESSIONS. THE FOREST MAINTAINS MEMBERSHIPS IN THE FOLLOWING PROFESSIONAL ASSOCIATIONS: LEADINGAGE LEADING AGE NORTH CAROLINA NORTH CAROLINA HEALTH CARE ASSOCIATION AMERICAN HEALTH CARE ASSOCIATION DURHAM CHAMBER OF COMMERCE NORTH CAROLINA COALITION FOR LONG TERM CARE ENHANCEMENT SOCIETY FOR THE ADVANCEMENT OF GERONTOLOGICAL ENVIRONMENTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Anita L Holt President, CEO | Officer | 40 | $308,624 |
Karen E Henry Cfo, Treasurer | Officer | 40 | $213,907 |
Sharon Pitt COO | 40 | $192,657 | |
Lee Ann Bailey-Clayton Director Of Health Services | 40 | $120,659 | |
Theresa Thomas Director Of Human Resources | 40 | $105,919 | |
Nathan Summers Director Of General Services | 40 | $100,320 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Private Diagnostic Clinic Pllc Physician Services | 9/29/22 | $522,444 |
Lifestyle Products Llc Furniture Vendor | 9/29/22 | $582,698 |
Nema Management Llc Project Management | 9/29/22 | $340,411 |
Directional Landscape Management Landscapng | 9/29/22 | $304,447 |
Netgain Technologies Llc Technology Services | 9/29/22 | $247,082 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $83,169 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $83,169 |
Total Program Service Revenue | $25,740,809 |
Investment income | $659,970 |
Tax Exempt Bond Proceeds | $45,852 |
Royalties | $0 |
Net Rental Income | $4,322 |
Net Gain/Loss on Asset Sales | $650,588 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $2,157 |
Miscellaneous Revenue | $0 |
Total Revenue | $28,567,112 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,050,204 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $547,704 |
Compensation of current officers, directors, key employees. | $438,163 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $9,722,243 |
Pension plan accruals and contributions | $225,726 |
Other employee benefits | $1,610,964 |
Payroll taxes | $758,826 |
Fees for services: Management | $0 |
Fees for services: Legal | $10,878 |
Fees for services: Accounting | $216,372 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $37,665 |
Fees for services: Investment Management | $189,126 |
Fees for services: Other | $140,322 |
Advertising and promotion | $162,937 |
Office expenses | $2,213,080 |
Information technology | $283,183 |
Royalties | $0 |
Occupancy | $1,667,886 |
Travel | $111,704 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $358,931 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,300,925 |
Insurance | $272,026 |
All other expenses | $0 |
Total functional expenses | $26,703,754 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $13,169,223 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,381,367 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $17,154 |
Prepaid expenses and deferred charges | $67,518 |
Net Land, buildings, and equipment | $78,736,419 |
Investments—publicly traded securities | $38,536,848 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $86,304 |
Other assets | $0 |
Total assets | $132,994,833 |
Accounts payable and accrued expenses | $1,510,477 |
Grants payable | $0 |
Deferred revenue | $50,897,213 |
Tax-exempt bond liabilities | $63,876,267 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $2,000,000 |
Total liabilities | $118,283,957 |
Net assets without donor restrictions | $14,512,591 |
Net assets with donor restrictions | $198,285 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $132,994,833 |
Over the last fiscal year, Forest At Duke Inc has awarded $1,035,500 in support to 35 organizations.
Grant Recipient | Amount |
---|---|
Durham, NC PURPOSE: OPERATING SUPPORT | $150,000 |
Durham, NC PURPOSE: OPERATING SUPPORT | $75,000 |
Durham, NC PURPOSE: OPERATING SUPPORT | $55,000 |
Durham, NC PURPOSE: OPERATING SUPPORT | $50,000 |
Durham, NC PURPOSE: OPERATING SUPPORT | $50,000 |
Raleigh, NC PURPOSE: OPERATING SUPPORT | $47,000 |
Over the last fiscal year, we have identified 1 grants that Forest At Duke Inc has recieved totaling $13,800.
Awarding Organization | Amount |
---|---|
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: HOUSING AND SHELTER | $13,800 |
Organization Name | Assets | Revenue |
---|---|---|
Ashby Ponds Inc Ashburn, VA | $1,081,002,554 | $105,782,483 |
Greenspring Village Inc Springfield, VA | $635,246,519 | $86,958,670 |
Goodwin House Incorporated Alexandria, VA | $441,770,291 | $109,508,883 |
Lutheran Homes Of South Carolina Inc Irmo, SC | $120,175,361 | $78,300,034 |
Westminster-Canterbury Corporation Richmond, VA | $326,286,753 | $77,739,552 |
Virginia United Methodist Homes Inc Glen Allen, VA | $253,887,875 | $70,234,834 |
Westminster-Canterbury On Chesapeake Bay Virginia Beach, VA | $226,856,514 | $70,077,492 |
Presbyterian Communities Of South Carolina Columbia, SC | $133,476,143 | $58,903,174 |
Givens Estates Inc Asheville, NC | $338,452,219 | $72,683,846 |
Presbyterian Homes Inc Colfax, NC | $256,348,828 | $62,438,008 |
Aldersgate United Methodist Retirement Community Inc Charlotte, NC | $165,248,151 | $44,725,662 |
Everyage Newton, NC | $158,969,277 | $58,100,743 |