ANNUAL REPORT
We are thankful for a year full of accomplishment and true community. Download your own personal version of the 2024 Annual Report.
We are thankful for a year full of accomplishment and true community. Download your own personal version of the 2025 Annual Report.
WELCOME TO THE 2025 ANNUAL REPORT
As Galloway Ridge ends its twentieth year of operations, it continues to mature financially. Independent Living occupancy averaged over 97% for the year which, when unit turnover is considered, is full occupancy. Overall, total revenue increased by $1.2 million, or 2.9 percent, compared with the prior year. Operating expenses rose by 5.25 percent, driven by higher wage and benefit expense as well as general inflation. Overall, a net operating surplus of $3.9 million was realized, and the accumulated net deficit was reduced by $4.3 million. $5.8 million was spent on capital improvements, with the bulk of that being used to update the interior of the healthcare building and continued renovations and improvements to the residential units.
WELCOME TO THE 2025 ANNUAL REPORT
As Galloway Ridge ends its twentieth year of operations, it continues to mature financially. Independent Living occupancy averaged over 97% for the year which, when unit turnover is considered, is full occupancy. Overall, total revenue increased by $1.2 million, or 2.9 percent, compared with the prior year. Operating expenses rose by 5.25 percent, driven by higher wage and benefit expense as well as general inflation.
Overall, a net operating surplus of $3.9 million was realized, and the accumulated net deficit was reduced by $4.3 million. $5.8 million was spent on capital improvements, with the bulk of that being used to update the interior of the healthcare building and continued renovations and improvements to the residential units.
a bit about us
Galloway Ridge is a Life Plan Community that blends Southern hospitality and wordly sophistication. Our residents enjoy independent living as well as an array of activities and progressive health programs where employees and neighbors alike truly care for one another. We are a vibrant community of diverse individuals and have the stats to show it!
A NOTE FROM Leadership
Twenty years ago, a vision took root in the hills of Fearrington — that senior living could be defined by wellness, purpose, and genuine human connection. As we reflect on this milestone year, we are proud to say that vision has never been more alive. This report celebrates not just what we’ve accomplished, but who made it possible — our extraordinary residents, dedicated employees, committed Board members, and generous donors. Together, they are the reason Galloway Ridge continues to be a place where people thrive.
2025 was a year of meaningful momentum. Our community grew to 487 residents, our team expanded to 369 employees, and our campus saw $5.8 million in capital improvements — all while maintaining the financial strength and disciplined stewardship that protect our long-term future. Independent Living occupancy remained at effectively full capacity, and total revenue grew for the year — a testament to the enduring value of the Galloway Ridge experience.
Our commitment to excellence was recognized nationally. This year, Galloway Ridge received four prestigious awards honoring our culture of wellness, our dedication to exceptional senior care, and our investment in the people who make this community extraordinary. These honors belong to every resident and every team member — they are a reflection of what we build together, every single day.
The generosity of our community continued to inspire. Donors contributed more than $807,000 across our charitable funds and the employee appreciation fund — supporting residents in need, investing in our employees, and strengthening the Chatham County community we are proud to call home. Through our Chatham County Charitable Fund alone, more than $122,000 was distributed to local nonprofits, schools, and agencies — extending our mission far beyond our campus.
And we celebrated. In June, we marked 20 years of Galloway Ridge with a month of remembrance, reflection, and
joy — honoring the 1,029 residents who have called this place home, the 31 original residents still with us, and the dedicated team members who have been here since the very beginning. It was a celebration worthy of everything this community represents.
As we look ahead, we carry forward the values that have always defined us — caring, commitment, empowerment, and integrity — with gratitude for where we’ve been and confidence in where we’re going. On behalf of our Board of Directors, our leadership team, and every member of the Galloway Ridge family — thank you for being part of this remarkable story. The pages that follow are filled with the moments, milestones, and people that make Galloway Ridge so special. We invite you to explore them with pride.
With warmth and gratitude,
Bob Zimmer | Executive Director & CEO
Dick Kahler | Board President