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 The
Pines is owned and operated by The Pines at Davidson, Inc., a non-profit,
non-stock corporation organized for charitable purposes under the laws of
the State of North Carolina on February 17, 1983, to construct and operate
a continuing care retirement community. The business address of The
Pines at Davidson, Inc., is 400 Avinger Lane, Davidson, North Carolina
28036.
The Pines is not a legal
entity separate from The Pines at Davidson, Inc. The Pines is the
name under which The Pines at Davidson, Inc. manages and operates a
continuing care retirement facility. The management
staff, under the
strategic direction of the Board of Directors of The Pines at Davidson,
Inc., manage and operate The Pines.
The Pines at Davidson, Inc.
has received a determination that it is exempt from federal income
taxation under Section 501(c)(3) of the Internal Revenue Code of 1986, as
amended. As a non-profit, non-stock corporation, The Pines at
Davidson, Inc. pays no dividends and all of its earnings, if any, are used
to further the purposes of the corporation.
Gifts and bequests to The
Pines at Davidson, Inc. are deductible for income, gift and estate tax
purposes, subject to applicable statutory limitations.
 The
Pines is licensed as a continuing care retirement community by the North Carolina
Department of Insurance.
The Pines received a
Certificate of Need to build, and is licensed by the North Carolina
Department of Health and Human Services, Division of Facility Services, to
operate 47 beds offering intermediate and skilled nursing care (the
"Nursing Facility Beds") for residents who are temporarily ill
or who require assistance with activities of daily living ("Adult
Care Home Beds"). The area of the Schramm Health Center
containing the Nursing Facility Beds is referred to as the Peggy and Bill Hidell Nursing Unit (the "Hidell Nursing Unit') and the area of the
Schramm Health Center containing the Adult Care Home Beds is referred to
as the "Assisted Living Unit." The Pines is not Medicaid
or Medicare certified.
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