2023-08-15T11:11:23-05:00 2022-09-30 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2021-10-01 560562308 BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED BAPT 3367250202 PO BOX 11024 WINSTON SALEM NC 27116 REED A VANDERSLIK PRESIDENT AND CEO 3367250202 2023-08-11 1 REED VANDERSLIK 999009999 JOHN NORMAN P01506766 7049985200 2023-08-11 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z THRIVEMORE REED A VANDERSLIK PO BOX 11024 WINSTON SALEM NC 27116 39587272 0 X WWW.THRIVEMORENC.ORG X 1952 NC TO PROVIDE QUALITY LIVING OPTIONS AND SERVICES TO NORTH CAROLINA'S OLDER ADULT POPULATION. 20 20 635 400 0 0 5316887 1419598 25235357 34663957 1524049 3006539 297901 497178 32374194 39587272 1152163 1516909 0 0 15214087 18001373 0 0 63771 14099280 19733880 30465530 39252162 1908664 335110 88647390 87897234 48131880 55074557 40515510 32822677 X 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. 0 0 32938943 1516909 34663957 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 262 INDEPENDENT LIVING HOMES AND APARTMENTS, 138 ASSISTED LIVING RESIDENCES, AND 201 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. 32938943 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 89 0 635 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X SCOTT FARKAS CPA CFO 3367250202 1912 BETHABARA ROAD WINSTON SALEM NC 27106 CLARENCE R LAMBE JR BOARD CHAIR 1.00 1.00 X X 0 0 0 DANIEL RICE BOARD VICE CHAIR 1.00 1.00 X X 0 0 0 REV A EDWARD BEDDINGFIELD JR BOARD SECRETARY 1.00 1.00 X X 0 0 0 BOBBY F WATSON BOARD TREASURER 1.00 1.00 X X 0 0 0 SOBEIDA ADOLPHUS BOARD MEMBER 1.00 1.00 X 0 0 0 JANET BLANFORD BOARD MEMBER 1.00 1.00 X 0 0 0 JEFFREY L COBB BOARD MEMBER 1.00 1.00 X 0 0 0 CAROLYN D HELMS BOARD MEMBER 1.00 1.00 X 0 0 0 DAVE HORNE BOARD MEMBER 1.00 1.00 X 0 0 0 BETTY LYNNE JOHNSON BOARD MEMBER 1.00 1.00 X 0 0 0 REV NATHANIEL LEONARD BOARD MEMBER 1.00 1.00 X 0 0 0 RHONDA LOWE BOARD MEMBER 1.00 1.00 X 0 0 0 CHARLES D MAST BOARD MEMBER 1.00 1.00 X 0 0 0 SARAH MAYO BOARD MEMBER 1.00 1.00 X 0 0 0 JAMES L MCCOY III BOARD MEMBER 1.00 1.00 X 0 0 0 RALPH MORGAN BOARD MEMBER 1.00 1.00 X 0 0 0 JOHN POND BOARD MEMBER 1.00 1.00 X 0 0 0 WANDA J ROSE BOARD MEMBER 1.00 1.00 X 0 0 0 DR MICHAEL R TAYLOR BOARD MEMBER 1.00 1.00 X 0 0 0 DR FRANKLIN S WATKINS BOARD MEMBER 1.00 1.00 X 0 0 0 SCOTT FARKAS CFO 36.00 4.00 X 184312 0 17608 REED VANDERSLIK CEO 36.00 4.00 X 340955 0 35203 JESSICA MCCOLLUS VP OF OPERATIONS 40.00 0.00 X 160945 0 15443 RICHARD SIMPSON VP OF CLINICAL SERVICES 40.00 0.00 X 127919 0 31828 JENNIFER BARTSCHT VP OF MARKETING 40.00 0.00 X 124339 0 11757 WILLIAM MEGINNIS CONSTRUCTION SERVICES 40.00 0.00 X 174337 0 11135 TATUM MYERS ADMINISTRATOR 40.00 0.00 X 130205 0 3715 BETTY JACKSON ADMINISTRATOR 40.00 0.00 X 111767 0 3778 DEBRA MEGINNIS FORMER COO 40.00 0.00 X 354349 0 0 1709128 0 130467 10 1 1 0 FRANK L BLUM CONSTRUCTION CO PO BOX 4153 WINSTONSALEM NC 27115 CONSTRUCTION SERVICES 2778298 BROAD RIVER REHAB 1 POND ST ARDEN NC 28704 THERAPY PROVIDER 1820916 US FOODS INC PO BOX 602286 CHARLOTTE NC 28260 FOOD SUPPLIER 1254507 A&G SUPERIOR PAINTING 603 WAUGH ST GREENSBORO NC 27405 CONSTRUCTION SERVICES 846722 MARSH KITCHENS & BATH 1015 S CENTENNIAL ST HIGH POINT NC 27260 CONSTRUCTION SERVICES 730797 53 130000 168613 1120985 1419598 RESIDENT SERVICES 623000 34663957 34663957 34663957 1803500 1803500 47123 0 47123 47123 47123 1180003 23036 0 0 1180003 23036 1203039 1203039 MISCELLANEOUS 623000 450055 450055 450055 39587272 34663957 0 3503717 X 1516909 1516909 686212 686212 14043463 11824416 2219047 2141191 1531741 609450 1130507 925412 205095 105286 105286 156505 156505 6839391 6441684 397707 555782 59662 479310 16810 428574 301638 126936 301975 301975 863199 1142370 -279171 58829 5099 53730 37917 8098 29819 936405 936405 4311061 4311061 491565 491565 REPAIRS AND MAINTENANCE 1352924 1206424 146500 FOOD 1224975 1195646 29329 MEDICAL SUPPLIES 741733 564697 177036 MEDICAL SERVICES 377858 377858 949901 589823 313117 46961 39252162 32938943 6249448 63771 4596486 3424293 132500 145000 2231841 5264664 158710 140482 189635 179391 119610600 67621464 45084557 51989136 26265750 18850358 7365382 5331397 2622529 2572513 88647390 87897234 3224797 4816073 15492492 21361000 84918 80081 29329673 28817403 48131880 55074557 X 30169115 24155728 10346395 8666949 40515510 32822677 88647390 87897234 X 335110 -5420150 -2607793 X 0 1 X 1 0 X 2440115 2586791 2838860 5316887 1419598 14602251 25539721 25132698 24795083 25235537 34663957 135366996 27979836 27719489 27633943 30552424 36083555 149969247 17175 25315 16780 10025 6000 75295 0 17175 25315 16780 10025 6000 75295 149893952 518565 633000 464430 468944 1850623 3935562 518565 633000 464430 468944 1850623 3935562 421973 431042 670184 255462 450055 2228716 28920374 28783531 28768557 31276830 38384233 156133525 0.96000 0.96640 0.02520 0.01730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 7882390 1505143 -1885693 7501840 6839731 1139430 96771 7882390 6693357 243145 96771 6839731 6941175 -176669 71149 6693357 7186807 65253 151690 462575 6941175 0.89200 0.10800 0 0 6051281 6051281 102366221 62918341 39447880 5188866 4148125 1040741 6004232 554998 5449234 51989136 CHARITABLE REMAINDER TRUSTS 824095 F BENEFICIAL INTEREST IN PERPETUAL TRUST 4507302 F 5331397 X PART IV, LINE 2B: RESIDENT FUNDS HELD IN TRUST. PART V, LINE 4: RESTRICTED FUNDS ARE INTENDED FOR RESIDENT ASSISTANCE AND OTHER RESTRICTED PROGRAMS. PART X, LINE 2: THE HOMES AND THE FOUNDATION ARE NOT-FOR-PROFIT ORGANIZATIONS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE HOMES AND THE FOUNDATION FILE AS TAX-EXEMPT ORGANIZATIONS. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THE TAX-EXEMPT STATUS OF THE HOMES OR THE FOUNDATION. MANAGEMENT IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR ANY OTHER TAXES FOR HOMES OR THE FOUNDATION. 1 BRH RESIDENTS - BENEVOLENCE 1516909 SPECIAL ASSISTANCE AND BENEVOLENT CARE PART I, LINE 2: BENEVOLENCE IS BASED ON PAYOR (MEDICARE, MEDICAID, ETC.) AND ABILITY TO PAY. REQUESTS FOR BENEVOLENT ASSISTANCE ARE REVIEWED AND APPROVED BY THE PRESIDENT. BENEVOLENCE IS RECORDED AS A CONTRA-REVENUE ON A MONTHLY BASIS. THE TRUSTEES APPROVE PROJECTS AND GIVE GENERAL GUIDANCE ON BENEVOLENCE. THE BAPTIST RETIREMENT HOMES FOUNDATION AGREED TO REIMBURSE HOMES FOR THESE PROJECTS THAT BENEFIT POOR SENIOR ADULTS IN NORTH CAROLINA. THE ORGANIZATION REQUESTS SUPPORT THROUGH A LETTER TO BAPTIST RETIREMENT HOMES. SCHEDULE I, PART III, COLUMN B THE ORGANIZATION ESTIMATED THAT 40% OF THE TOTAL RESIDENT POPULATION SERVED UTILIZES SOME TYPE OF FINANCIAL ASSISTANCE. X X X 1 0 0 0 0 0 0 0 0 REED VANDERSLIK CEO 340955 0 0 0 0 0 29370 0 5833 0 376158 0 0 0 DEBRA MEGINNIS FORMER COO 0 0 0 0 354349 0 0 0 0 0 354349 0 0 0 SCOTT FARKAS CFO 184312 0 0 0 0 0 0 0 17608 0 201920 0 0 0 WILLIAM MEGINNIS CONSTRUCTION SERVICES 174337 0 0 0 0 0 0 0 11135 0 185472 0 0 0 JESSICA MCCOLLUS VP OF OPERATIONS 160945 0 0 0 0 0 2664 0 12779 0 176388 0 0 0 RICHARD SIMPSON VP OF CLINICAL SERVICES 127919 0 0 0 0 0 5672 0 26156 0 159747 0 0 0 PART I, LINE 4A DURING THE 2020 CALENDAR YEAR, DEBRA MEGINNIS RECEIVED A CHANGE OF CONTROL PAYMENT TOTALING $188,799. FORM 990, PART VI, SECTION B, LINE 11B THE 990S ARE SAVED ON OUR SECURE BOARD PORTAL FOR ALL BOARD OF TRUSTEES TO REVIEW. THE BOARD IS NOTIFIED WHEN THE 990S HAVE BEEN POSTED. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, TRUSTEES MUST COMPLETE A "NON-CONFLICT OF INTEREST" QUESTIONNAIRE. ADDITIONALLY, EMPLOYEES MUST DISCLOSE ALL PERTINENT FACTS SURROUNDING A POTENTIAL CONFLICT OF INTEREST TO HIS OR HER IMMEDIATE SUPERVISOR. THE ORGANIZATION'S CONFLICT OF INTEREST STATEMENT OUTLINES THE ACTIVITIES EMPLOYEES SHOULD AVOID WITHOUT PRIOR APPROVAL OF THE BOARD OF TRUSTEES, AND PROVIDES STEPS TO BE TAKEN IF A POSSIBLE CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, THE COMPENSATION FOR OFFICERS, DIRECTORS AND KEY EMPLOYEES IS REVIEWED BY THE PERSONAL COMMITTEE, WITH THE BOARD REVIEWING AND ULTIMATELY APPROVING COMPENSATION ADJUSTMENTS. THE COMPENSATION FOR THOSE POSITIONS ARE COMPARED TO SIMILAR POSITIONS AT LIKE ORGANIZATIONS. THE PERSONNEL COMMITTEE WILL COMMISSION INDEPENDENT STUDIES WHEN IT FEELS THEY ARE NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AND IN ACCORDANCE WITH REGULATORY REQUIREMENTS. FINANCIAL STATEMENTS CAN ALSO BE FOUND AT THE NC DEPARTMENT OF INSURANCE WEBSITE. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 6,441,684. MANAGEMENT AND GENERAL EXPENSES 397,707. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,839,391. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS -849,018. CHANGE IN UNREALIZED GAINS ON INVESTMENTS -312,303. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS -1,446,472. BAPTIST RETIREMENT HOMES FOUNDATION 1912 BETHABARA ROAD WINSTON SALEM NC 27106 562205837 SUPPORT BRH NC 501(C)(3) LINE 12A, I BRHNC INC 1 0 0 1 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 1 BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED C 130000 INTERCOMPANY TRANSFER