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 2025.
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
Frequently Asked Questions
What is Carmel Hills Inc?
Carmel Hills Inc is a nonprofit organization focused on Housing & Shelter, based in CHARLOTTE, NC. It holds $3.6M in total assets as of 2025.
How large is Carmel Hills Inc?
As of 2025, Carmel Hills Inc holds $3.6M in total assets with $3.8M in annual revenue.
Where does Carmel Hills Inc operate?
Carmel Hills Inc has awarded grants in North Carolina.
What is Carmel Hills Inc's EIN?
Carmel Hills Inc's EIN (Employer Identification Number) is 58-1307937. IRS Form 990 filing data is available on this page for 2020–2025.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.