Nonprofit · EIN 56-0562308
BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED
Tax-exempt · WINSTON SALEM, NC 27116
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $44,428,310 | $55,572,638 | -$11,144,328 | $232,106,035 | $156,938,220 | $75,167,815 |
| September 30, 2024 | 990 | $44,295,811 | $51,979,121 | -$7,683,310 | $189,607,114 | $109,336,043 | $80,271,071 |
| September 30, 2023 | 990 | $52,031,584 | $47,484,488 | $4,547,096 | $136,825,376 | $58,923,885 | $77,901,491 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $1,579,012
- Program service revenue
- $40,396,955
- Investment income
- $2,140,682
- Net rental income
- $1,950
- Net gain from sales of assets
- $1,214,833
- Other revenue
- $311,661
Expenses
- Grants and similar amounts paid
- $626,088
- Compensation of officers, directors and key employees
- $1,116,179
- Other salaries and wages
- $18,832,794
- Salaries, compensation and benefits (total)
- $24,772,588
- Professional fundraising fees
- $0
- Legal fees
- $464,299
- Accounting fees
- $130,505
- Occupancy
- $1,564,909
- Travel
- $109,836
- Depreciation
- $11,214,019
- Program services (functional)
- $43,319,122
- Management and general (functional)
- $12,253,516
Balance sheet and other
- Total assets, start of year
- $189,607,114
- Total assets, end of year
- $232,106,035
- Total liabilities, end of year
- $156,938,220
- Net assets, end of year
- $75,167,815
- Land, buildings and equipment
- $127,521,615
- Publicly traded securities
- $20,370,025
- Net assets without donor restrictions
- $49,309,991
- Net assets with donor restrictions
- $25,857,824
- Gross receipts
- $44,442,272
- Employees
- 670
- Volunteers
- 400
- Year formed
- 1952
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| REED VANDERSLIK | CEO Officer | 36 | $406,216 | $50,893 |
| JESSICA MCCOLLUM | CHIEF OPERATING OFFICER Key employee | 40 | $254,297 | $35,484 |
| MICHAEL BRADY | CFO Officer | 36 | $206,627 | $29,364 |
| PAMELA PATE | EXECUTIVE DIRECTOR, ARDENWOODS Highest-paid employee | 40 | $166,961 | $46,388 |
| JENNIFER BARTSCHT | CHIEF MARKETING OFFICER Highest-paid employee | 40 | $162,275 | $30,429 |
| TATUM MYERS | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $158,063 | $30,770 |
| SHANNON SEARS | DIRECTOR, CLINICAL COMPLIA Highest-paid employee | 40 | $143,212 | $13,353 |
| CYNTHIA MOORE | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $118,523 | $3,705 |
| BETTY LYNNE JOHNSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHARLES D MAST | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DR MICHAEL R TAYLOR | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SARAH MAYO | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JANET BLANFORD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SOBEIDA ADOLPHUS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PERRY BAILEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR TAMARA CAPLE | TRUSTEE Trustee or director | 1 | $0 |
| DR MARYJO CLEVELAND | TRUSTEE Trustee or director | 1 | $0 |
| H POWELL DEW JR | TRUSTEE Trustee or director | 1 | $0 |
| PHIL FEAGAN | TRUSTEE Trustee or director | 1 | $0 |
| SAMMY GIANOPOULOS | TRUSTEE Trustee or director | 1 | $0 |
| ANDREY JOHNSON | TRUSTEE Trustee or director | 1 | $0 |
| CLARENCE LAMBE | TRUSTEE Trustee or director | 1 | $0 |
| RHONDA LOWE | TRUSTEE Trustee or director | 1 | $0 |
| RALPH MORGAN | TRUSTEE Trustee or director | 1 | $0 |
| NIDRA RICKS | TRUSTEE Trustee or director | 1 | $0 |
| WANDA ROSE | TRUSTEE Trustee or director | 1 | $0 |
| DRNATHAN SCOVENS | TRUSTEE Trustee or director | 1 | $0 |
| BOBBY F WATSON | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| REED VANDERSLIK | CEO Officer | 36 | $384,611 | $48,222 |
| JESSICA MCCOLLUM | CHIEF OPERATING OFFICER Key employee | 40 | $220,598 | $29,164 |
| JENNIFER BARTSCHT | CHIEF MARKETING OFFICER Highest-paid employee | 40 | $183,231 | $28,453 |
| SCOTT FARKAS | CFO - THRU 9/26/23 Officer | 36 | $153,408 | $40,927 |
| TATUM MYERS | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $140,899 | $25,137 |
| CYNTHIA MOORE | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $149,936 | $0 |
| SHANNON SEARS | DIRECTOR, CLINICAL COMPLIANCE Highest-paid employee | 40 | $119,225 | $10,831 |
| CONNIE MCBRIDE | LPN Highest-paid employee | 40 | $124,921 | $463 |
| CHARLES D MAST | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DANIEL RICE | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BETTY LYNNE JOHNSON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SARAH MAYO | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JANET BLANFORD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SOBEIDA ADOLPHUS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PERRY BAILEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR TABARA CAPLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR JO CLEVELAND | TRUSTEE Trustee or director | 1 | $0 | $0 |
| POWELL DREW | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PHIL FEAGAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SAMMY GIANOPOULOS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CAROLYN D HELMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVE HORNE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RALPH MORGAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NIDRA RICKS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DRNATHAN SCOVENS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR MICHAEL R TAYLOR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BOBBY F WATSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL BRADY | CFO - AS OF 2/12/24 Officer | 36 | $0 | $0 |
990 for the year ended September 30, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| REED VANDERSLIK | CEO Officer | 36 | $373,130 | $56,449 |
| SCOTT FARKAS | CFO Officer | 36 | $190,789 | $32,836 |
| JESSICA MCCOLLUM | VP OF OPERATIONS Key employee | 40 | $191,959 | $31,225 |
| JENNIFER BARTSCHT | VP OF MARKETING Highest-paid employee | 40 | $161,244 | $23,737 |
| WILLIAM MEGINNIS | CONSTRUCTION SERVICES Highest-paid employee | 40 | $167,992 | $8,283 |
| TATUM MYERS | ADMINISTRATOR Highest-paid employee | 40 | $121,330 | $8,612 |
| ALISON SWITZER | ADMINISTRATOR Highest-paid employee | 40 | $112,572 | $8,283 |
| ELIZABETH ARNOLD | LPN Highest-paid employee | 40 | $102,994 | $8,283 |
| CLARENCE R LAMBE JR | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DANIEL RICE | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| REV A EDWARD BEDDINGFIELD JR | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BOBBY F WATSON | BOARD TEASURER Trustee or director, Officer | 1 | $0 | $0 |
| SOBEIDA ADOLPHUS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JANET BLANFORD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFFREY L COBB | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CAROLYN D HELMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVE HORNE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BETTY LYNNE JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| REV NATHANIEL LEONARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RHONDA LOWE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHARLES D MAST | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SARAH MAYO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES L MCCOY III | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RALPH MORGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN POND | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WANDA J ROSE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR MICHAEL R TAYLOR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR FRANKLIN S WATKINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| W LINVILLE ROACH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 11024, WINSTON SALEM, NC 27116-1024
- Principal officer (990 for 2024)
- REED A VANDERSLIK, PO BOX 11024, WINSTON SALEM, NC 27116
- Signed the 990
- MICHAEL J BRADY, CHIEF FINANCIAL OFFICER
- Phone
- (336) 725-0202
- Website
- WWW.THRIVEMORENC.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
BAPTIST RETIREMENT HOMES OF NORTH CAROLINA, INC. DBA THRIVEMORE IS A CHURCH-RELATED, NOT-FOR-PROFIT ORGANIZATION COMMITTED TO PROVIDING QUALITY CARE AND A MEANINGFUL WAY OF LIFE FOR RESIDENTS AND STAFF... (CONTINUED ON SCHEDULE O)A PLACE WHERE RESIDENTS AND STAFF BECOME AN EXTENSION OF FAMILY THAT RECOGNIZES THE DIGNITY AND WORTH OF EACH INDIVIDUAL.
Program accomplishments
- THRIVEMORE IS A NOT-FOR-PROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF NORTH CAROLINA. IT IS EXEMPT FROM INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501[C][3] AND A PUBLIC CHARITY UNDER SECTION 509[A][2]. THE BOARD OF TRUSTEES OF THRIVEMORE HAS FIDUCIARY RESPONSIBILITY FOR THE OPERATION OF THRIVEMORE. THE MISSION OF THRIVEMORE IS TO PROVIDE QUALITY RESIDENTIAL AND HEALTH CARE LIVING OPTIONS AND SERVICES TO NORTH CAROLINA'S OLDER ADULT POPULATION. THE PROVISION OF THOSE SERVICES BEING OFFERED TO THE POOR ELDERLY OF THE STATE AS WELL AS THOSE OLDER PERSONS WHO DO HAVE THE FINANCIAL RESOURCES AVAILABLE TO PAY FOR THE INSTITUTIONAL SERVICES THEY NEED. (CONTINUED ON SCHEDULE O)IN ADDITION TO ITS PROGRAM OF BENEVOLENT FUNDING TO THE POOR ELDERLY OF THE STATE, THRIVEMORE ALSO PROVIDES A SPECIAL PROGRAM DESIGNED TO ENHANCE THE LIFESTYLE OF OLDER ADULTS WITH DEMENTIA RELATED DISORDERS LIKE ALZHEMER'S DISEASE. THREE SUCH PROGRAMS ARE OPERATED BY THRIVEMORE. THRIVEMORE OWNS, MAINTAINS, AND OPERATES COMMUNITIES THROUGHOUT NORTH CAROLINA. ITS CURRENT COMMUNITIES INCLUDE 361 INDEPENDENT LIVING HOMES AND APARTMENTS, 136 ASSISTED LIVING RESIDENCES, AND 101 SKILLED NURSING CARE ROOMS. THRIVEMORE RECEIVES SUPPORT FROM INDIVIDUALS, BUSINESSES, FOUNDATIONS, CHURCHES, SPECIAL OFFERINGS, AND BEQUESTS FROM OTHERS TO ASSIST IN THE OPERATION AND ADMINISTRATION OF ITS COMMUNITIES.Expenses $43,319,122 · grants $626,088 · revenue $40,706,666
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 56-0562308
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1952
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P750)
- Assets (IRS master file)
- $232,106,035
- Income (IRS master file)
- $44,442,272
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $44,428,310 | $55,572,638 | $232,106,035 | XML |
| 990 | September 2024 | $44,295,811 | $51,979,121 | $189,607,114 | XML |
| 990 | September 2023 | $52,031,584 | $47,484,488 | $136,825,376 | XML |
| 990 | September 2022 | $39,587,272 | $39,252,162 | $87,897,234 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0562308).
Questions about BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED
- What is the EIN of BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED?
- The employer identification number (EIN) of BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED is 56-0562308.
- Is BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1952.
- Are donations to BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED?
- The 990 for the year ended September 30, 2025 names REED A VANDERSLIK.
- Who are the officers and directors of BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED?
- The 990 for the year ended September 30, 2025 lists 28 people; 8 received compensation from the organization, the highest $406,216 (REED VANDERSLIK, CEO).
- How much revenue does BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $44,428,310, expenses of $55,572,638 and total assets of $232,106,035 at year end.
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All nonprofits in WINSTON SALEM · North Carolina · Human services