The United Methodist Retirement Homes Inc
88% goes to programs $27 to raise $100 Strong reserves Growing revenue
The United Methodist Retirement Homes Inc is a 501(c)(3) organization based in Durham, North Carolina, registered in 2011, with $113,193,566 in FY2024 revenue. CharityIndex grades it A, and it directs about 88% of spending to programs.
2600 Croasdaile Farm Parkway A-500, Durham, NC, 27705 EIN 56-0634527 Since 2011
Revenue (FY2024)
$113.2M
▲ 14.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$97.3M
Net assets
$145.2M
Employees
1,029
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
BProgram efficiency40% of the rating88% to programs · $27 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For The United Methodist Retirement Homes Inc: 88% to programs · $27 to raise $100 earns a B on this criterion. See the exact thresholds →
AFinancial health25% of the rating18 mo reserves · +14% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The United Methodist Retirement Homes Inc: 18 mo reserves · +14% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For The United Methodist Retirement Homes Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The United Methodist Retirement Homes Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Own and operate continuing care retirement communities
Contact & location
- Address
- 2600 Croasdaile Farm Parkway A-500, Durham, NC, 27705
- City
- Durham
- State
- North Carolina
- Subcategory
- Private Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $59.7M (FY2013) to $113.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $345.6MNet assets $145.2M
Operating margin
14.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$490.8M
Total liabilities
$345.6M
Net assets
$145.2M
Salaries & benefits
$41.9M
43% of expenses
Board members
15
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $113,193,566▲14.2% | $97,300,260▲2.4% | $145,156,908▲12.0% | $490,784,645▲3.0% | 990 |
| 2023 | $99,152,252▲4.4% | $94,975,817▲8.7% | $129,623,348▲15.9% | $476,315,793▲26.7% | 990 |
| 2022 | $95,013,522▲5.3% | $87,405,317▲4.7% | $111,803,365▲11.4% | $375,932,806▲2.8% | 990 |
| 2021 | $90,238,237▲6.0% | $83,448,674▲6.1% | $100,377,502▼8.0% | $365,869,626▲3.9% | 990 |
| 2020 | $85,120,969▲5.3% | $78,617,850▲11.4% | $109,121,629▲12.5% | $351,992,425▲2.4% | 990 |
| 2019 | $80,861,521▲6.8% | $70,594,091▲4.3% | $96,993,054▲16.1% | $343,890,782▲3.5% | 990 |
| 2018 | $75,684,825▲11.2% | $67,708,876▲8.4% | $83,514,945▲9.3% | $332,312,948▲1.7% | 990 |
| 2017 | $68,033,619▲2.8% | $62,450,919▲6.9% | $76,384,799▲8.2% | $326,855,339▲38.4% | 990 |
| 2016 | $66,183,974▼1.7% | $58,429,665▲1.4% | $70,568,854▲20.9% | $236,220,932▲7.0% | 990 |
| 2015 | $67,314,771▲7.2% | $57,627,299▼0.5% | $58,389,023▲12.2% | $220,775,861▼0.2% | 990 |
| 2014 | $62,772,007▲5.1% | $57,945,064▲4.2% | $52,030,907▲4.8% | $221,258,835▼5.2% | 990 |
| 2013 | $59,714,197 | $55,593,157▲33.0% | $49,646,277▲67.4% | $233,496,383▲44.7% | 990 |
| 2012 | — | $41,806,740▲4.0% | $29,655,547▲16.3% | $161,342,715▲1.2% | 990 |
| 2011 | — | $40,208,270▲3.7% | $25,493,980▲20.2% | $159,412,632▲2.8% | 990 |
| 2010 | — | $38,784,111▲1.7% | $21,216,232▲14.1% | $155,019,750▲6.4% | 990 |
| 2009 | — | $38,122,857 | $18,595,745 | $145,749,030 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Stacy Dobson — $368,570 (0.38% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Stacy Dobson | Chief Financial Officer | 40 | $368,570 |
| Laurie Stallings | Executive Director (cg) | 40 | $362,173 |
| Heather March | Executive Director (cv) | 40 | $272,244 |
| Danielle Brown | Marketing Director (cv) | 40 | $215,846 |
| Kevin Lemaire | Corporate It Systems Administrator | 40 | $185,389 |
| Julie Harp | Marketing Counselor | 40 | $182,506 |
| Rebecca Marion | Campus Administrator (cv) | 40 | $176,334 |
| Amy Shooter | Executive Director (wp) | 40 | $163,659 |
| Regina Amen | Licensed Practical Nurse | 40 | $149,544 |
| Carl Hardy | Trustee | 0.5 | — |
| Charles Mercer | Trustee | 0.5 | — |
| Gray Southern | Trustee | 0.5 | — |
| James Martin | Trustee | 0.5 | — |
| Jim Mullen | Ex-officio Trustee | 0.5 | — |
| Jonathan Erickson | Corporate Executive Director | 40 | — |
| Kenneth Steinweg | Trustee | 0.5 | — |
| Mack Parker | Treasurer | 0.5 | — |
| Nancy Van Antwerp | Secretary | 0.5 | — |
| Paul Lee | Trustee | 0.5 | — |
| Robert Clinkscales | Ex-officio Trustee | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Frank Blum Construction | General Contractor | $13,051,807 |
| Morrison Management Specialists | Dietary Management | $5,523,730 |
| Life Care Services LLC | Management Company | $3,398,291 |
| Healthpro Heritage | Therapy Provider | $2,261,460 |
| Lcs Development | Developer | $2,218,234 |
Grants received · $140K total
2 grants to The United Methodist Retirement Homes Inc totaling $140K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| North Carolina Community Foundation Inc | To support the organization's stated mission | 2024 | $100,000 |
| North Carolina Community Foundation Inc | Other public and societal benefit | 2023 | $40,000 |
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Compare The United Methodist Retirement Homes Inc
Frequently asked questions
- Is The United Methodist Retirement Homes Inc a legitimate nonprofit?
- Yes. The United Methodist Retirement Homes Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0634527, based in Durham, North Carolina. Donations are tax-deductible.
- What is The United Methodist Retirement Homes Inc's EIN?
- The United Methodist Retirement Homes Inc's Employer Identification Number (EIN) is 56-0634527.
- How much revenue does The United Methodist Retirement Homes Inc report?
- The United Methodist Retirement Homes Inc reported $113,193,566 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of The United Methodist Retirement Homes Inc's spending goes to programs?
- The United Methodist Retirement Homes Inc spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The United Methodist Retirement Homes Inc have?
- CharityIndex grades The United Methodist Retirement Homes Inc A, based on program efficiency and fundraising cost.
- How much does The United Methodist Retirement Homes Inc's highest-paid employee make?
- The highest reported compensation on The United Methodist Retirement Homes Inc's latest Form 990 is $368,570, paid to Stacy Dobson (Chief Financial Officer).
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Data for The United Methodist Retirement Homes Inc (EIN 56-0634527) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.