$34.3M in expenses

ARBOR ACRES, A CONTINUING CARE RETIREMENT COMMUNITY (CCRC), PROVIDING RESIDENTIAL ACCOMODATIONS IN 164 APARTMENT UNITS (STUDIO, ONE AND TWO BEDROOM UNITS), AS WELL AS 133 COTTAGES. IN ADDITION TO THE INDEPENDENT LIVING FACILITIES, ARBOR ACRES ALSO HAS 95 ADULT CARE HOME BEDS AND 83 NURSING CARE BEDS (LOCATED IN THE FITZGERALD HEALTH CENTER). AS OF DECEMBER 31, 2024, ARBOR ACRES SERVED 554 RESIDENTS IN THE ABOVE UNITS. ARBOR ACRES HOLDS MEMBERSHIPS WITH LEADING AGE AND LEADING AGE NC. THE FACILITY IS ACCREDITED THROUGH THE CONTINUING CARE ACCREDITATION COMMISSION. AN IMPORTANT COMPONENT OF FULFILLING ARBOR ACRES' MISSION IS THE PROVISION OF FINANCIAL ASSISTANCE SUPPORT TO ENABLE RESIDENTS TO RESIDE AT ARBOR ACRES WHO WOULD OTHERWISE BE UNABLE TO AFFORD TO DO SO. FOR THE YEAR ENDING DECEMBER 31, 2024, $1,966,980 OF FINANCIAL ASSISTANCE WAS PROVIDED TO RESIDENTS TO HELP THEM MAINTAIN RESIDENCY AT THE FACILITY. DURING 2024 THE FOLLOWING SPECIFIC ACCOMPLISHMENTS ENHANCED THE ABILITY TO SERVE RESIDENTS: 1. Maintain Occupancy Exceeding 93% in Assisted Living, Memory Care, and Skilled Nursing levels of available licensed care and exceeded 93% occupancy of independent living units. 2. Sponsored and facilitated participation of resident efforts in community service projects to include Habitat for Humanity, Hurricane Helene Relief, Salvation Army, The Sheperd's Center, and Trellis Supportive Care Etc. In addition, Arbor Acres made a monetary donation to The Winston-Salem Foundation.