The Chapel Hill Residential Retirement Center Inc
The Chapel Hill Residential Retirement Center Inc, known as Carol Woods, is a public charity based in Chapel Hill, North Carolina. Its work includes operating a continuing care retirement community and supporting older adults in the surrounding community through charitable gifts, community partnerships, and other benefits.
Key facts about The Chapel Hill Residential Retirement Center Inc
In short: The Chapel Hill Residential Retirement Center Inc gave $846K across 20 grants in 2024 (avg $42K), mostly in North Carolina. 40% of 2024 grantees were new. Source: 2024 IRS Form 990.
- EIN
- 23-7271041
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $845,775
- Grants made (2024)
- 20
- Average grant
- $42,289
- Median grant
- $25,000
- New grantees (estimate)
- 40% first-time grantees (8 of 20, 2024)
- Total assets
- $127,793,531
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$127.8M
+4.7% YoY
Annual Giving
$846K
-6.4% YoY
Grant Count
20
-4.8% YoY
Avg Grant Size
$42K
-1.8% YoY
Is The Chapel Hill Residential Retirement Center Inc open to new grantees?
40%
first-time grantees, 2024
In 2024, 8 of 20 grantees (40%) were first-time recipients. First grants averaged $29K; repeat grants $51K. How we count
Medians: $21K first-time, $30K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2019–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
Carol Woods’ stated mission is to provide a safe, healthful, and secure environment for people in their later years, provide residential living and health services according to individual needs, and engage in cooperative research, development, and education related to its mission. It also identifies support for residents’ health and well-being, diversity, resident leadership, community participation, and staff development as part of its mission.
The 2024 grants show support for senior services, affordable housing, food security, dementia-related services, and geriatric medicine workforce development. For example, Charles House Association describes its work as providing adult day care and elder-care homes as alternatives to institutional care. Pee Wee Homes says it builds and manages affordable, accessible small homes for people who have experienced homelessness. Meals on Wheels Orange County NC describes its mission as nourishing and enriching older adults through meal delivery and personal connection. The Marian Cheek Jackson Center describes its work as building community in historic Chapel Hill and Carrboro neighborhoods.
Grantmaking
In filing year 2024, Carol Woods reported 20 grants totaling $845,775. Grant amounts ranged from $10,000 to $175,000, with a median grant of $25,000. Its largest reported grants included $175,000 to Orange County, North Carolina, for general support and senior services; $125,000 to the Town of Chapel Hill for general support and senior services; and $75,600 to Charles House Association for below-market rents for a senior day care center.
Other listed grants included $60,000 to Pee Wee Homes for affordable housing for seniors; $50,000 to Chapel Hill Carrboro Meals on Wheels for meals for food-insecure seniors; $50,000 to UNC School of Medicine for geriatric medicine workforce development; and $35,000 to Hope Renovations for home renovations for seniors. The filing says grant recipients are asked to provide annual reports on the use of funds and are invited to report grant outcomes at a meeting of the Carol Woods Resident Association.
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Geographic Focus
Where this funder awards grants
All grant dollars reported for 2024 went to recipients in North Carolina. The listed grants include organizations and public entities in Chapel Hill, Carrboro, Hillsborough, and Orange County.
Grant Distribution by State
Share of 2024 grant dollars across all 20 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $467K (2019) to $904K (2023). In 2024 it made 20 grants totaling $846K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Orange County North Carolina ($175K). Together the top 10 received $667K.
Grant Size Distribution
86 grants across all recorded years
The most common grant size was under $50K: 60 grants of 86 (70%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Orange County North Carolina Hillsborough, NC | General Support, Senior Services | $175,000 |
| Town of Chapel Hill Chapel Hill, NC | General Support, Senior Services | $125,000 |
| Charles House Association Chapel Hill, NC | Below-Market Rents for Senior Day Care Center | $75,600 |
| Pee Wee Homes Chapel Hill, NC | Affordable Housing for Seniors | $60,000 |
| Chapel Hill Carrboro Meals on Wheels Chapel Hill, NC | Meals for Food-Insecure Seniors | $50,000 |
| UNC School of Medicine Chapel Hill, NC | Geriatric Medicine Workforce Development | $50,000 |
| Marian Cheek Jackson Center Chapel Hill, NC | Support Housing for Seniors | $40,000 |
| Hope Renovations Carrboro, NC | Home Renovations for Seniors | $35,000 |
| Soltys Place Hillsborough, NC | Support of Persons Living with Dementia | $31,175 |
| UCC Living Centers Inc Chapel Hill, NC | Support Housing for Seniors | $25,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants reported |
|---|---|---|---|---|
| 2024 | $127,793,531 | $40,583,636 | $35,969,893 | $845,775 |
| 2023 | $121,999,246 | $35,102,132 | $34,172,779 | $904,000 |
| 2022 | $120,640,930 | $31,949,437 | $32,474,861 | $683,200 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $127,793,531 | $121,999,246 | $120,640,930 |
| Revenue | $40,583,636 | $35,102,132 | $31,949,437 |
| Expenses | $35,969,893 | $34,172,779 | $32,474,861 |
| Net Investment Income | $6,692,511 | $3,277,870 | $1,397,174 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS June 5, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS April 7, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS April 27, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS April 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS April 24, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS April 29, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Jess Aylor as chair of the board and Larry McManus as vice chair. Board members listed are Delores Baily, Rebecca Brent, Susan Coppola, Stephen Elkins-Williams, John Evans, John Hawkins, Dorothy Heninger, and Charles House.
The Chapel Hill Residential Retirement Center Inc is led by Marianne Ratcliffe, President & CEO on every filing since 2021; 7 of 29 officers listed in 2024 are compensated.
Officers on the 2024 filing
Marianne Ratcliffe
President & CEO
On filings since 2021
39 hrs/week
$96K (2021) → $305K (2024)
Jess Aylor
Chair of the Board
Board Member → Vice Chair of the Board, 2022
Vice Chair of the Board → Chair of the Board, 2024
On filings since 2020
1 hr/week
No compensation reported
Kenneth G. Reeb Jr.
Vice President of Finance & CFO
On filings since 2019
39 hrs/week
$473K (2019) → $239K (2024)
Jennifer L. Wilson
Vice President of Well-Being
On filings since 2020
40 hrs/week
$105K (2020) → $137K (2024)
Lizbeth M. Tomajko
Vice President of Hr
Vice President of Human Resources → Vice President of Hr, 2021
On filings since 2020
40 hrs/week
$112K (2020) → $133K (2024)
Sarah Smiley
Occupational Therapist
On filings since 2020
46 hrs/week
$100K (2020) → $136K (2024)
Craig Anderson
Rehabilitation Coordinator
On filings since 2021
40 hrs/week
$101K (2021) → $129K (2024)
Lydia Barnes
Rn - Registered Nurse
New on the 2024 filing
57 hrs/week
$136K (2024)
Adam Stein
Board Member
Resident & Voting Board Member → Board Member, 2024
On filings since 2019
1 hr/week
No compensation reported
John Hawkins
Board Member
On filings since 2019
1 hr/week
No compensation reported
Josh Gurlitz
Board Member
On filings since 2019
1 hr/week
No compensation reported
Charles House
Board Member
On filings since 2020
1 hr/week
No compensation reported
Larry McManus
Vice Chair
Treasurer of the Board → Vice Chair, 2024
On filings since 2021
1 hr/week
No compensation reported
Crystal Torain
Board Member
On filings since 2022
1 hr/week
No compensation reported
Delores Baily
Board Member
On filings since 2022
1 hr/week
No compensation reported
Stephen Elkins-Williams
Board Member
On filings since 2022
1 hr/week
No compensation reported
Susan Coppola
Board Member
On filings since 2023
1 hr/week
No compensation reported
Tom Miller
Board Member
On filings since 2023
1 hr/week
No compensation reported
Will Perreault
Board Member
On filings since 2023
1 hr/week
No compensation reported
Allen Mask
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Ben Popkin
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Beth Schultz
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Bruce Runberg
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Dorothy Heninger
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
George Lensing
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
John Evans
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Kendall Page
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Margarete Sandelowski
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Rebecca Brent
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (25)
- Former: Audrey Galloway (2019–2023) — Secretary of the Board
- Former: Brenda Mitchell (2019–2023) — Board Member
- Former: Jack Evans (2019–2023) — Board Member
- Former: Mark Royster (2019–2023) — Board Member
- Former: Mel Hurston (2019–2023) — Board Member
- Former: Richard Blankenship (2019–2023) — Chair of the Board
- Former: Nicole Cooper (2020–2023) — Vice President of Compliance
- Former: Melanie Johnson (2021–2023) — Director of Nursing
- Former: Marian Stephenson (2019–2022) — Resident & Voting Board Member
- Former: Bill Blackman (2020–2022) — Board Member
- Former: Anne Fishel (2021–2022) — Resident & Nonvoting Board Member
- Former: Carol Candler (2022) — Resident & Nonvoting Board Member
- Former: Leah Adeniji (2022) — Vice President of Campus Services
- Former: Fred Schoeder (2019–2021) — Resident & Nonvoting Board Member
- Former: Jim Kitchen (2019–2021) — Board Member
- Former: Patricia E. Sprigg (2019–2021) — President & CEO
- Former: Robert Saunders (2019–2021) — Chair of the Board
- Former: Dina Rousset (2019–2020) — Board Member
- Former: Pattie Moore-Boyette (2019–2020) — Treasurer of the Board
- Former: Tom Haber (2019–2020) — Board Member
- Former: Gay Eddy (2020) — Resident & Nonvoting Board
- Former: David L. Wilkerson (2019) — Vice President of Operations
- Former: Jack Benjamin (2019) — Board Member
- Former: Jeanette Gay Eddy (2019) — Resident & Nonvoting Board Member
- Former: Tammy Stanton (2019) — Board Member
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $305K, to Marianne Ratcliffe (President & CEO). 7 officers or directors reported compensation on that filing.
Contact
Mailing address: 750 Weaver Dairy Road, Chapel Hill, NC 27514
Phone: (919) 968-4511
Website: https://carolwoods.org
Frequently asked questions about The Chapel Hill Residential Retirement Center Inc
How much does The Chapel Hill Residential Retirement Center Inc give each year?
The Chapel Hill Residential Retirement Center Inc gave $846K across 20 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $904K across 21 grants.
What is The Chapel Hill Residential Retirement Center Inc's typical grant size?
The Chapel Hill Residential Retirement Center Inc's median grant in 2024 was $25,000, and its average grant was $42,289, across 20 grants on its 2024 IRS Form 990. Organizations receiving their first grant from The Chapel Hill Residential Retirement Center Inc that year got $29K on average.
Where does The Chapel Hill Residential Retirement Center Inc give grants?
The Chapel Hill Residential Retirement Center Inc gives mostly in North Carolina: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Chapel Hill, NC (11 grants), Hillsborough, NC (4 grants) and Carrboro, NC (3 grants).
Does The Chapel Hill Residential Retirement Center Inc give general operating support?
Yes: 10% of The Chapel Hill Residential Retirement Center Inc's 2024 grants with a stated purpose (2 of 20) were for general or operating support, per its 2024 IRS Form 990. Recurring purposes include "Support Housing for Seniors" (3 grants).
Who are The Chapel Hill Residential Retirement Center Inc's largest grantees?
The Chapel Hill Residential Retirement Center Inc's largest 2024 grantees include Orange County North Carolina ($175,000), Town of Chapel Hill ($125,000) and Charles House Association ($75,600), according to its 2024 IRS Form 990. Together they received 44% of its itemized 2024 grant dollars.
How large is The Chapel Hill Residential Retirement Center Inc?
The Chapel Hill Residential Retirement Center Inc reported $127.8M in total assets on its 2024 IRS Form 990. Its revenue that year was $40.6M.
What does The Chapel Hill Residential Retirement Center Inc fund?
Carol Woods’ stated mission is to provide a safe, healthful, and secure environment for people in their later years, provide residential living and health services according to individual needs, and engage in cooperative research, development, and education related to its mission. See mission & focus areas ↑
How do I apply for a grant from The Chapel Hill Residential Retirement Center Inc?
The Chapel Hill Residential Retirement Center Inc has no public application process in the sources Grantable reviewed. Check carolwoods.org for current guidelines, or contact the foundation directly before submitting a request.
What is The Chapel Hill Residential Retirement Center Inc's EIN?
The Chapel Hill Residential Retirement Center Inc's EIN (Employer Identification Number) is 23-7271041. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
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