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.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$3.6M
+6.0% YoY
Revenue
$3.8M
-5.3% YoY
Net Investment Income
$63K
-12.9% YoY
Expenses
$3.9M
+4.2% YoY
About Carmel Hills Inc
Based on IRS filings
Carmel Hills Inc is a nonprofit organization focused on Housing & Shelter, based in CHARLOTTE, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.6M in total assets. Net investment income was $63K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,649,899 | $3,442,451 | $3,319,027 |
| Revenue | $3,776,405 | $3,987,744 | $3,548,068 |
| Expenses | $3,873,172 | $3,718,387 | $3,807,877 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $63,444 | $72,841 | $17,744 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2025
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Gabriel Iorga | Administrator | 50 | $103,098 |
| Sam Vedder | Director | 1 | — |
| Steve McDonald | President | 1 | — |
| Larry Stassel | Director | 1 | — |
| Sam Jeanjaquet | Director | 1 | — |
| Joe Youannas | Assistant Treas | 1 | — |
| Paul Palmer Jr | Treasurer | 1 | — |
| Peter Keddis | Secretary | 1 | — |
| Tim Dietz | Director | 1 | — |
| Paul Palmer Sr | Director | 1 | — |
| Dr Charles Heuss | Director | 1 | — |
| Craig Robson | Vice President | 1 | — |
| Dr Ihab Dorotta | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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