2026-08-17T12:32:20-05:00 2025-09-30 410746749 CLIFTONLARSONALLEN LLP 14815 BALLANTYNE VILLAGE WAY SUITE 300 CHARLOTTE NC 28277 990 2024-10-01 560562308 BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED BAPT 3367250202 PO BOX 11024 WINSTON SALEM NC 27116 MICHAEL J BRADY CHIEF FINANCIAL OFFICER 3367250202 2026-08-13 1 1 KATHRINE A WARLICK P02065266 7049985200 2026-08-13 2024 2025-03-06 01:10:19Z THRIVEMORE REED A VANDERSLIK PO BOX 11024 WINSTON SALEM NC 27116 44442272 0 X WWW.THRIVEMORENC.ORG X 1952 NC TO PROVIDE QUALITY LIVING OPTIONS AND SERVICES TO NORTH CAROLINA'S OLDER ADULT POPULATION. 20 20 670 400 0 0 2902057 1579012 39878751 40396955 1252119 2140682 262884 311661 44295811 44428310 1267769 626088 0 0 22194914 24772588 0 0 0 28516438 30173962 51979121 55572638 -7683310 -11144328 189607114 232106035 109336043 156938220 80271071 75167815 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 43319122 626088 40706666 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. 43319122 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 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 1 217 0 1 670 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 MICHAEL BRADY CFO 3367250300 470 W HANES MILL RD SUITE 101 WINSTON SALEM NC 27105 BETTY LYNNE JOHNSON CHAIR 1.00 0.00 X X 0 0 0 CHARLES D MAST IMMEDIATE PAST CHAIR 1.00 0.00 X X 0 0 0 DR MICHAEL R TAYLOR VICE CHAIR 1.00 0.00 X X 0 0 0 SARAH MAYO TREASURER 1.00 0.00 X X 0 0 0 JANET BLANFORD SECRETARY 1.00 0.00 X X 0 0 0 SOBEIDA ADOLPHUS TRUSTEE 1.00 0.00 X 0 0 0 PERRY BAILEY TRUSTEE 1.00 0.00 X 0 0 0 DR TAMARA CAPLE TRUSTEE 1.00 0.00 X 0 0 0 DR MARYJO CLEVELAND TRUSTEE 1.00 0.00 X 0 0 0 H POWELL DEW JR TRUSTEE 1.00 0.00 X 0 0 0 PHIL FEAGAN TRUSTEE 1.00 0.00 X 0 0 0 SAMMY GIANOPOULOS TRUSTEE 1.00 0.00 X 0 0 0 ANDREY JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 CLARENCE LAMBE TRUSTEE 1.00 0.00 X 0 0 0 RHONDA LOWE TRUSTEE 1.00 0.00 X 0 0 0 RALPH MORGAN TRUSTEE 1.00 0.00 X 0 0 0 NIDRA RICKS TRUSTEE 1.00 0.00 X 0 0 0 WANDA ROSE TRUSTEE 1.00 0.00 X 0 0 0 DRNATHAN SCOVENS TRUSTEE 1.00 0.00 X 0 0 0 BOBBY F WATSON TRUSTEE 1.00 0.00 X 0 0 0 REED VANDERSLIK CEO 36.00 4.00 X 406216 0 50893 MICHAEL BRADY CFO 36.00 4.00 X 206627 0 29364 JESSICA MCCOLLUM CHIEF OPERATING OFFICER 40.00 0.00 X 254297 0 35484 TATUM MYERS EXECUTIVE DIRECTOR 40.00 0.00 X 158063 0 30770 JENNIFER BARTSCHT CHIEF MARKETING OFFICER 40.00 0.00 X 162275 0 30429 PAMELA PATE EXECUTIVE DIRECTOR, ARDENWOODS 40.00 0.00 X 166961 0 46388 SHANNON SEARS DIRECTOR, CLINICAL COMPLIA 40.00 0.00 X 143212 0 13353 CYNTHIA MOORE EXECUTIVE DIRECTOR 40.00 0.00 X 118523 0 3705 1616174 0 240386 16 0 1 0 LANDMARK BUILDERS INC 3520 TRIAD COURT WINSTONSALEM NC 27107 CONSTRUCTION 7510381 BROAD RIVER REHAB 1 POND STREET ARDEN NC 28704 THERAPY 2110460 CORPORATE INTERIOR CONSULTING INC 115 OLD FOREST CIRCLE WINCHESTER VA 22602 CONSTRUCTION/INTERIOR DESIGN 1098576 SFCS 305 SOUTH JEFFERSON STREET ROANOKE VA 24011 CONSTRUCTION 858105 A&G SUPERIOR PAINTING 603 WAUGH STREET GREENSBORO NC 27405 CONSTRUCTION/RENO 735344 38 1579012 1579012 RESIDENT SERVICES 623000 40396955 40396955 40396955 925849 925849 1950 0 1950 1950 1950 1228795 0 13962 1228795 -13962 1214833 1214833 MISCELLANEOUS 623000 309711 309711 309711 44428310 40706666 0 2142632 626088 626088 1116179 1116179 18832794 14967033 3865761 106348 59729 46619 3251903 2526525 725378 1465364 1169890 295474 464299 464299 130505 130505 62625 62625 4762768 4011429 751339 1032981 762773 270208 1070227 746420 323807 781996 18255 763741 1564909 1425289 139620 109836 26232 83604 104205 8673 95532 1713049 1713049 11214019 9609781 1604238 494936 494936 OTHER EXPENSE 2339118 1548158 790960 FOOD 2022647 1947340 75307 REPAIRS AND MAINTENANCE 1874067 1720683 153384 MEDICAL SUPPLIES 382251 382251 49524 49524 55572638 43319122 12253516 0 15457 14642 6397857 7133405 3059725 1775150 2500000 2500000 126891 126891 566228 355881 209551402 82029787 86728425 127521615 22774941 20370025 51757821 58015217 15342454 13744215 337315 548994 189607114 232106035 4750474 11087287 49408028 53164561 7807 6998 54870505 90555884 299229 2123490 109336043 156938220 X 56045943 49309991 24225128 25857824 80271071 75167815 189607114 232106035 X -11144328 400156 5640916 X X 0 1 X 1 0 X 5316887 1419598 3222424 2902057 1579012 14439978 25235537 34663957 38602778 39878751 40396955 178777978 30552424 36083555 41825202 42780808 41975967 193217956 10025 6000 4000 20025 0 10025 6000 4000 20025 193197931 468944 1850623 583723 782310 927799 4613399 468944 1850623 583723 782310 927799 4613399 255462 450055 203402 260684 309711 1479314 31276830 38384233 42612327 43823802 43213477 199310669 0.96930 0.96740 0.02310 0.02240 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: ALL OTHER INCOME - 2020 AMOUNT: $ 255,462. 2021 AMOUNT: $ 450,055. 2022 AMOUNT: $ 203,402. 2023 AMOUNT: $ 260,684. 2024 AMOUNT: $ 309,711. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 9426546 1076998 291781 10211763 7996410 1721917 291781 9426546 7501840 985916 491346 7996410 7882390 1505143 -1885693 7501840 6839731 1139430 96771 7882390 0.34454 0.65546 0.00000 1 0 11741881 11741881 134761551 77627279 57134272 5423187 3660366 1762821 57624783 742142 56882641 127521615 CHARITABLE REMAINDER TRUSTS 1704991 F INVESTMENT IN AFFILIATE 50812389 F BENEFITICAL INTEREST IN PERPETUAL TRUST 5497837 F 58015217 DUE TO RELATED ORGANIZATION 2123490 2123490 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 NONPROFIT ORGANIZATIONS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) 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 OTHER TAXES FOR THE HOMES OR THE FOUNDATION. THE HOMES AND THE FOUNDATION FOLLOW GUIDANCE IN THE INCOME TAX STANDARD REGARDING RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THE STANDARD HAS HAD NO IMPACT ON THE HOMES OR THE FOUNDATION'S CONSOLIDATED FINANCIAL STATEMENTS. 1 BRH RESIDENTS - BENEVOLENCE 47 626088 N/A 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 0 0 0 0 0 0 0 1 0 REED VANDERSLIK CEO 378659 0 27557 0 0 0 10674 0 40219 0 457109 0 0 0 JESSICA MCCOLLUM CHIEF OPERATING OFFICER 237528 0 16769 0 0 0 9408 0 26076 0 289781 0 0 0 MICHAEL BRADY CFO 206627 0 0 0 0 0 0 0 29364 0 235991 0 0 0 PAMELA PATE EXECUTIVE DIRECTOR, ARDENWOODS 144337 0 22624 0 0 0 6138 0 40250 0 213349 0 0 0 JENNIFER BARTSCHT CHIEF MARKETING OFFICER 151375 0 10900 0 0 0 6387 0 24042 0 192704 0 0 0 TATUM MYERS EXECUTIVE DIRECTOR 158063 0 0 0 0 0 4972 0 25798 0 188833 0 0 0 SHANNON SEARS DIRECTOR, CLINICAL COMPLIA 143212 0 0 0 0 0 0 0 13353 0 156565 0 0 0 PART I, LINE 7 THE ORGANIZATION MAINTAINS A BOARD-APPROVED, WRITTEN POLICY FOR DETERMINING BONUSES FOR THE EXECUTIVE LEADERSHIP TEAM. BONUSES ARE DETERMINED BY WHETHER CERTAIN ORGANIZATIONAL GOALS HAVE BEEN MET DURING THE PRIOR YEAR. THEN BASED ON THE NUMBER OF GOALS MET AND THE DEGREE GOALS MAY HAVE BEEN EXCEEDED, A BONUS RECOMMENTATION IS BROUGHT BY THE PERSONNEL COMMITTEE OF THE THRIVEMORE BOARD OF DIRECTORS TO THE FULL THRIVEMORE BOARD. DURING THE FISCAL YEAR, BONUSES WERE PAID TO REED VANDERSLIK, JENNIFER MCCOLLUM, PAMELA PATE, AND JENNIFER BARTSCHT. FORM 990, PART VI, SECTION B, LINE 11B 990S ARE REVIEWED THROUGH THE FINANCE COMMITTEE AND, THEN, REVIEWED BY THE FULL BOARD FOR ACCEPTANCE/APPROVAL FORM 990, PART VI, SECTION B, LINE 11B 990S ARE REVIEWED THROUGH THE FINANCE COMMITTEE AND THEN REVIEWED BY THE FULL BOARD FOR ACCEPTANCE/APPROVAL 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 THEIR 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 PERSONNEL COMMITTEE, WITH THE BOARD REVIEWING AND ULTIMATELY APPROVING COMPENSATION ADJUSTMENTS. THE COMPENSATION FOR THOSE POSITIONS IS COMPARED TO SIMILAR POSITIONS AT LIKE ORGANIZATIONS. THE PERSONNEL COMMITTEE WILL COMMISSION INDEPENDENT STUDIES WHEN IT FEELS THEY ARE NECESSARY. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025 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 XI, LINE 9: CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS 178,740. CHANGE IN UNREALIZED GAINS ON INVESTMENTS 164,515. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 6,078,657. ACCRETED INTEREST -780,996. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. 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 1 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 BAPTIST RETIREMENT HOMES FOUNDATION B 1579012 INTERCOMPANY TRANSFER