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Filing year 2024

THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC

Chapel Hill, North Carolina·EIN 23-7271041·NTEE L220 · Housing & Shelter·501(c)(3)
Total revenue
$40.6M
Total assets
$127.8M
Total expenses
$36M
Reported officers
29
Mission

CAROL WOODS SHALL BE A CHARITABLE, NOT-FOR-PROFIT CORPORATION MEETING THE NEEDS OF OLDER ADULTS FOR HOUSING, HEALTH, WELL-BEING, AND PROTECTION OF FINANCIAL SECURITY. THE MISSION OF CAROL WOODS SHALL BE TO PROVIDE A SAFE, HEALTHFUL, AND SECURE ENVIRONMENT FOR PERSONS THROUGHOUT THEIR LATER YEARS, AS WELL AS ENGAGE IN COOPERATIVE RESEARCH, DEVELOPMENT AND EDUCATION IN AREAS ENCOMPASSED BY THE MISSION. HIGH QUALITY RESIDENTIAL LIVING AND HEALTH SERVICES SHALL BE PROVIDED ACCORDING TO INDIVDUAL NEEDS. RESIDENTS' ON-GOING NEEDS TO MAINTAIN AND PROMOTE HEALTH AND WELL-BEING SHALL BE SUPPORTED THROUGH THE PROVISION OF APPROPRIATE RESOURCES. CAROL WOODS SHALL ENCOURAGE DIVERSITY, RESIDENTS' LEADERSHIP, PARTICIPATION IN AND SERVICE TO CAROL WOODS AND THE LARGER COMMUNITY. CAROL WOODS SHALL ALSO FOSTER A HIGH QUALITY WORK EXPERIENCE FOR STAFF AND FACILITATE STAFF DEVELOPMENT THAT EMBODIES THE VALUES OF THE ORGANIZATION.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations nationwide.

President & CEO
Above 90th percentilevs Housing & Shelter peers in North Carolina
$363k
$386k
Base
$305k
Bonus
Other
Benefits
$46k
VP of Finance / CFO (retired)
Above 90th percentile
$293k
$311k
Base
$239k
Bonus
Other
Benefits
$44k
VP of Well-being
Board Vice President
75th to 90th percentile
$189k
$201k
Base
$137k
Bonus
Other
Benefits
$46k
Occupational Therapist
Highest Compensated Employee
75th to 90th percentile
$184k
$195k
Base
$136k
Bonus
Other
Benefits
$42k
RN - Registered Nurse
Highest Compensated Employee
75th to 90th percentile
$170k
$180k
Base
$136k
Bonus
Other
Benefits
$28k
VP of HR
Board Vice President
75th to 90th percentile
$153k
$162k
Base
$133k
Bonus
Other
Benefits
$14k
Rehabilitation Coordinator
Highest Compensated Employee
Median to 75th percentile
$150k
$159k
Base
$129k
Bonus
Other
Benefits
$16k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 22 unpaid individuals.

Browse compensation in Housing & Shelter

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC equaled 1% of the organization's total expenses. The median for housing & shelter organizations is 7%.

This organization (2024)
1%
Sector median
7%
Middle half of sector
3% to 16%

Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 18%
from 2023

From $309k in 2023 to $363k in 2024.

$309k
2023
$363k
2024
In today's dollarsEst.
Up 14% in real terms$338k to $386k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 18% from 2023 to 2024, while revenue rose 16%.

$309k in 2023 to $363k in 2024.
  • Chief Financial Officer pay rose 19% from 2023 to 2024.
  • Board Vice President pay rose 22% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC

What does the Chief Executive Officer of THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC earn?

In 2024, the Chief Executive Officer of THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC received $363,497 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Housing & Shelter organizations in North Carolina: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC compare with similar nonprofits?

Compared with the same role at Housing & Shelter organizations in North Carolina, the 2024 pay of the Chief Executive Officer at THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC falls in the top 10%. In 2024, the highest total compensation at THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC equaled 1% of the organization's total expenses. The median for housing & shelter organizations is 7%.

What are THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC's revenue and expenses?

In 2024, THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER INC reported $40.6M in total revenue and $36M in total expenses on its IRS Form 990.

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