The Sharon at SouthPark
Legal name: The Presbyterian Home at Charlotte Inc
Nonprofit profile at a glance
- EIN
- 566064186
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Jul 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Charlotte, NC, United States
- Phone
- 704-553-1670
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Supportive Housing for Older Adults
- Affiliation
- Christianity
Reported finances
- Revenue
- $42,177,812
- Expenses
- $41,504,221
- Assets
- $228,997,968
- Liabilities
- $153,756,314
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- ANGELA RIGSBEE (PRESIDENT AND CEO)
Highest reported compensation
- ANGELA RIGSBEE (PRESIDENT AND CEO): $320,447 total reported compensation
- CHARLES R GASKINS (CFO): $293,684 total reported compensation
- MILTON MCGOWIAN (COO): $244,834 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We enrich the lives of those we serve by providing a nurturing environment that fosters joy, purpose and well-being. Equal Housing Opportunity. Treatment Alternatives/ Health-Related Benefits and Services.** We may contact you to provide information about treatment alternatives or other health-related benefits and services that may interest you. As Required by Law.** We will disclose PHI about you when required to do so by international, federal, state, or local law. To Avert a Serious Threat to Health or Safety.** We may use and disclose PHI when necessary to prevent a serious threat to your health or safety or to the health or safety of others as permitted by applicable law.
What it reported doing in 2024
The presbyterian home at charlotte, inc. Provides housing, health care, and other related services to residents through the operation of a retirement facility which at december 31, 2024, contained 253 independent living units, 40 assisted living units, and a 96 bed health care center.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 54
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.9%; rating input score 91
- Program expense ratio: 95.7%; rating input score 96
- Fundraising efficiency: $1.92 raised per $1 spent on fundraising; rating input score 6; 6th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 95.1%; rating input score 95; 24th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.6%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 5.52; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: 0.67; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 3.9%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: 8.7% per year; rating input score 100; 65th percentile among comparable filings
- Revenue growth: 6.2% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: 12.6% per year; rating input score 100; 74th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 90.9% of revenue deployed · 95.7% of spending went to programs
- Governance: 18 of 18 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $39.7M in reported program spending
- Leadership: top reported pay $320K · 26 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $9.6M reported
- Consistency: 34 of 35 current checks pass · 1 finding to review
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 19 filed money-flow records
- Related organizations: 11 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 6/100.
- Moderate — Sustainability: Operating margin scored 41/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 19/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.