Aldersgate United Methodist Retirement Community
Aldersgate United Methodist Retirement Community reported $47.2 million in revenue and $52.7 million in expenses for calendar year 2024. Of every $100 it spent, $84.92 went to program services, $14.54 to management and general costs and $0.54 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 100.8% of the total. The highest compensation it reported for one person was $340,103 (CFO). 12 people received more than $100,000 in reportable compensation. Revenue rose 19% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $53MFor context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $47M- Contributions & grants (non-government)$1.18 $574K
- Program service revenue$98.08 $48M
- Other revenue$0.74 $360K
Investment income was negative: −$1.3M. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 84.9% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.5% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.5% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.50 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 1.2% | 29.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 3.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 100.8% | 58.9% |
| Highest reported compensation Part VII-A, columns D–F | $340,103 | $301,601 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.65% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 12 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -10.4 | 6.8 |
| Independent voting board members Part VI 1a–1b | 11 of 11 | 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
2024 · Form 990, Part III · the three largest programs by expenseAldersgate provides housing, meals, security, assistance with essential activities of daily living, skilled nursing care, and related services designed specifically for senior adults while offering religious, cultural, recreational and other activities including opportunities for community volunteering and transportation to events and appointments. Services are provided 24 hours per day. Aldersgate makes every effort to continue providing services to residents who need supplemental financial assistance
Highest reported compensation
2024 · 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 |
|---|---|---|---|---|
| CFO Officer, 2.00 hrs/week | $318,857 | $0 | $21,246 | $340,103 |
| EXECUTIVE DIRECTOR Highest compensated employee, 40.00 hrs/week | $178,639 | $0 | $15,313 | $193,952 |
| DIRECTOR OF MARKETING Highest compensated employee, 40.00 hrs/week | $170,846 | $0 | $13,363 | $184,209 |
| SR. DIRECTOR OF HR/COMPLIANCE Highest compensated employee, 40.00 hrs/week | $141,999 | $0 | $14,597 | $156,596 |
| BAYLOR RN SUPERVISOR Highest compensated employee, 40.00 hrs/week | $125,556 | $0 | $14,645 | $140,201 |
| SR. DIRECTOR OF REAL ESTATE & CAPITAL PROJECTS Highest compensated employee, 40.00 hrs/week | $128,247 | $0 | $2,565 | $130,812 |
| CORPORATE SECRETARY Officer, 40.00 hrs/week | $75,673 | $0 | $13,233 | $88,906 |
| CEO (THRU 1/26/24) Officer, 2.00 hrs/week | $0 | $28,211 | $2,599 | $30,810 |
12 people received more than $100,000 in reportable compensation from Aldersgate United Methodist Retirement Community (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · 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–1b11 · 11 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 5604
- Volunteers Part I, line 625
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| SELECT REHABILITATION Rehabilitation services | $2,779,661 |
| SOUTHERN PHARMACY Pharmacy services | $575,590 |
| RELIABLE RESTORATIONS Construction services | $474,026 |
| KARE TECHNOLOGIES Nursing services | $169,838 |
| RKL LLP Consulting | $160,257 |
Individuals listed as contractors are left out. 10 contractors were paid more than $100,000 in all.
Private foundation grants it received
7 private foundations reported grants to Aldersgate United Methodist Retirement Community totaling $109K 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 Aldersgate United Methodist Retirement Community's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Aldersgate United Methodist Retirement Community, you can publish a response that is linked from this page.
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Of every $100 Aldersgate United Methodist Retirement Community spent in 2024, $84.92 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Family InstituteEvanston, IL · revenue $47M · programs 91.8% · FY2025
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- Greater Lawrence Community Action CouncilLawrence, MA · revenue $47M · programs 90.8% · FY2025
- Keswick Multi-Care CenterBaltimore, MD · revenue $47M · programs 84.2% · FY2025
- The Mental Health Center of Greater ManchesterManchester, NH · revenue $47M · programs 85.3% · FY2025
All unclassified charities · Largest charities in North Carolina
Questions people ask
How much of Aldersgate United Methodist Retirement Community's spending goes to programs?
In calendar year 2024, Aldersgate United Methodist Retirement Community reported that 84.9% of its $52.7 million in expenses went to program services, 14.5% to management and general and 0.5% to fundraising (Form 990, Part IX).
How much does Aldersgate United Methodist Retirement Community pay its top executive?
The largest total compensation Aldersgate United Methodist Retirement Community reported for one person in calendar year 2024 was $340,103, for the role of CFO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Aldersgate United Methodist Retirement Community get its money?
Of $47.2 million in revenue in calendar year 2024, 1.2% came from contributions and grants and 100.8% from program service revenue (Form 990, Part VIII).
Is Aldersgate United Methodist Retirement Community a registered charity?
The IRS lists EIN 56-0547462 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
- 2024: Form 990 for calendar year 2024, object 202533219349313683 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202530719349300218 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343199349326184 · read the filing
- 2021: Form 990 for calendar year 2021, object 202330469349303353 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143199349314679 · read the filing
- 2019: Form 990 for calendar year 2019, object 202001369349302625 · read the filing
All filings for EIN 56-0547462: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.