Carmel Hills Retirement Comm

Organization Overview

Carmel Hills Retirement Comm is located in Charlotte, NC. The organization was established in 1978. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 04/2022, Carmel Hills Retirement Comm employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carmel Hills Retirement Comm 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 04/2022, Carmel Hills Retirement Comm generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $3.4m during the year ending 04/2022. While expenses have increased by 4.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MAIN OBJECTIVE OF CARMEL HILLS IS TO MAINTAIN AND OPERATE A RETIREMENT HOME BY CARRYING OUT EDUCATIONAL, RELIGIOUS, RECREATIONAL AND OTHER PROGRAMS. CARMEL HILLS ALSO MAINTAINS A HEALTH CARE CENTER AND CARRIES ON SUCH OTHER WORK IN THE OVERALL CHARITABLE FIELD OF SERVICES TO THE AGED AS MAY BE APPROPRIATE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PURPOSE OF THIS CORPORATION ARE EXCLUSIVELY CHARITABLE AND EDUCATIONAL IN NATURE WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, INCLUDING A HOME FOR THE AGED. CARMEL HILLS HAS BEEN DESIGNED TO PROVIDE COMFORTABLE SURROUNDINGS FOR A LOW COST WHERE OLDER PEOPLE MAY LIVE IN PEACE AND CONTENTMENT IN CHRISTIAN NEIGHBORLINESS. THE MISSION OF CARMEL HILLS IS TO PROVIDE A RETIREMENT COMMUNITY TO CARE FOR AND ENCOURAGE THE LORD'S PEOPLE. WE SERVED AND PROVIDED CARE FOR AN AVERAGE OF 36 INDEPENDENT RESIDENTS AND AN AVERAGE OF 27 ASSISTED LIVING RESIDENTS DURING THE YEAR. WE OFFER CHARITY CARE THROUGH THE RESIDENT ASSISTANCE FUND (RAF) WHERE POSSIBLE.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Gabriel Iorga
Administrator
$92,975
Robert Mcgarty
Vice President
$0
Steve Mcdonald
President
$0
Paul Palmer
Director
$0
Sam Jeanjaquet
Secretary
$0
Craig Robson
Asst Secretary
$0

Financial Statements

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$379,687
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$379,687
Total Program Service Revenue$2,986,374
Investment income $5,905
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,128
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,393,673

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Carmel Hills Retirement Comm has recieved totaling $665.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$395
The Duke Energy Foundation

Charlotte, NC

PURPOSE: MATCHING GIFTS

$270
View Grant Recipient Profile

Create an account to unlock the data you need.

or