Carolina Village
Carolina Village reported $38.1 million in revenue and $35.9 million in expenses for the fiscal year ending March 31, 2025. Of every $100 it spent, $81.02 went to program services, $18.23 to management and general costs and $0.75 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 94.6% of the total. The highest compensation it reported for one person was $537,395 (CEO). 12 people received more than $100,000 in reportable compensation. Revenue rose 41% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending March 31, 2025 · Form 990, Part IX, line 25 · total expenses $36MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending March 31, 2025 · Form 990, Part VIII · total revenue $38MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.0% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 18.2% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.7% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.44 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 1.6% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 94.6% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $537,395 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.50% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 12 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.1 | 10.0 |
| Independent voting board members Part VI 1a–1b | 18 of 18 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseCarolina Village serves 544residents in direct health care needs, meals, housing, and transportation. In the past year we have served 35,629 days of direct patient care in our Assisted Living and Skilled Nursing Care facilities. On our campus we provide Medicare services including but not limited to Physical Therapy, Occupational Therapy, and Speech Therapy. Our residents receive benefits from our comprehensive Wellness Program organized and coordinated by a facility staff member. The wellness program includes eight facets of wellness-physical, spiritual, environmental, social, vocational…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Officer, 40.0 hrs/week | $468,343 | $0 | $69,052 | $537,395 |
| Director of Operations Highest compensated employee, 40.0 hrs/week | $272,527 | $0 | $67,708 | $340,235 |
| CFO Officer, 40.0 hrs/week | $185,193 | $0 | $39,060 | $224,253 |
| Health Care Administrator Highest compensated employee, 40.0 hrs/week | $160,602 | $0 | $52,464 | $213,066 |
| Director of Dining Highest compensated employee, 40.0 hrs/week | $131,457 | $0 | $36,920 | $168,377 |
| Director of Nursing Highest compensated employee, 40.0 hrs/week | $126,560 | $0 | $36,494 | $163,054 |
| Controller Highest compensated employee, 40.0 hrs/week | $115,559 | $0 | $36,275 | $151,834 |
12 people received more than $100,000 in reportable compensation from Carolina Village (Part VII, line 2). Compensation of current officers, directors and key employees totaled $762K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b18 · 18 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5455
- Volunteers Part I, line 618
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Landmark WNC LLC Landscaping | $486,881 |
| RiteRug Flooring Construction/Remodeling/Flooring | $463,379 |
| SEBRGLLC Construction/Remodeling | $454,349 |
Individuals listed as contractors are left out. 13 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to Carolina Village totaling $5,180 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Carolina Village's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Carolina Village, you can publish a response that is linked from this page.
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Of every $100 Carolina Village spent in FY2025, $81.02 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Allegheny Council to Improve Our Neighborhoods-HousingPittsburgh, PA · revenue $38M · programs 85.7% · FY2025
- Eihab Human Services New JerseySpringfield Gardens, NY · revenue $38M · programs 93.2% · FY2025
- Mercy Housing CaliforniaDenver, CO · revenue $38M · programs 95.6% · 2024
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- Dallas Mennonite Retirement CommunityDallas, OR · revenue $37M · programs 88.6% · 2024
All housing & shelter charities · Largest charities in North Carolina
Questions people ask
How much of Carolina Village's spending goes to programs?
In the fiscal year ending March 31, 2025, Carolina Village reported that 81.0% of its $35.9 million in expenses went to program services, 18.2% to management and general and 0.7% to fundraising (Form 990, Part IX).
How much does Carolina Village pay its top executive?
The largest total compensation Carolina Village reported for one person in the fiscal year ending March 31, 2025 was $537,395, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Carolina Village get its money?
Of $38.1 million in revenue in the fiscal year ending March 31, 2025, 1.6% came from contributions and grants and 94.6% from program service revenue (Form 990, Part VIII).
Is Carolina Village a registered charity?
The IRS lists EIN 23-7179679 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending March 31, 2025, object 202543229349302234 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending March 31, 2024, object 202510719349300121 · read the filing
- FY2023: Form 990 for the fiscal year ending March 31, 2023, object 202400379349300905 · read the filing
- FY2022: Form 990 for the fiscal year ending March 31, 2022, object 202202789349301300 · read the filing
- FY2021: Form 990 for the fiscal year ending March 31, 2021, object 202123099349303012 · read the filing
- FY2020: Form 990 for the fiscal year ending March 31, 2020, object 202140329349301029 · read the filing
All filings for EIN 23-7179679: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.