Overview
What is Baptist Retirement Homes Of North Carolina Incorporated?
Baptist Retirement Homes of North Carolina Incorporated, also known as Thrivemore, is a not-for-profit organization based in Winston-Salem, North Carolina. They operate under the laws of the state of North Carolina and have tax-exempt status under Internal Revenue Code sections 501(c)(3) and 509(a)(2). Thrivemore's mission is to provide quality residential and healthcare living options to North Carolina's older adult population. They cater to both the financially disadvantaged elderly and those who can afford institutional services. Thrivemore's programs include a special initiative to enhance the lifestyle of older adults with dementia-related disorders such as Alzheimer's disease. They own, maintain, and operate communities throughout North Carolina, with current offerings of 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 to help operate and administer its communities. Thrivemore aims to create an environment where residents and staff become an extension of family, recognizing the dignity and worth of each individual.
Official website here: www.thrivemorenc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Baptist Retirement Homes of North Carolina Incorporated receives a Three-Star rating from Charity Navigator, indicating a solid performance primarily based on its accountability and finance practices. With an impressive score of 87%, the charity demonstrates strong governance through its independent board members, conflict of interest policy, and comprehensive audit procedures, ensuring transparency and responsible management of resources.
The organization excels in maintaining a high program expense ratio of 82.09%, reflecting a commitment to directing funds toward its mission rather than administrative costs. Additionally, there are no reported material diversions of assets, which further strengthens its credibility and reliability as a nonprofit.
However, the charity's liabilities to assets ratio of 62.65% may raise some concerns about its financial health and sustainability. While the organization shows a strong commitment to accountability, potential donors and supporters should consider this ratio when evaluating the overall financial stability of the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Baptist Retirement Homes Of North Carolina Incorporated legitimate?
Baptist Retirement Homes Of North Carolina Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baptist Retirement Homes Of North Carolina Incorporated submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $686,212
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,043,463
For more financial information, click here
Official website here: www.thrivemorenc.org
What is the mission statement of Baptist Retirement Homes Of North Carolina Incorporated?
Baptist Retirement Homes of North Carolina Incorporated, also known as ThriveMore, is a North Carolina-based not-for-profit organization with a mission to provide quality living options and services to the older adult population. The organization, under the laws of the State of North Carolina and exempt from income tax under Internal Revenue Code Section 501[C][3] and a public charity under Section 509[A][2], is committed to recognizing the dignity and worth of each individual. ThriveMore offers a range of residential and healthcare living options catering to both the financially disadvantaged and those who can afford the services. The organization also runs programs specifically designed to enhance the lifestyle of older adults with dementia-related disorders, such as Alzheimer's disease. ThriveMore owns, maintains, and operates various communities across North Carolina, including 262 independent living homes and apartments, 138 assisted living residences, and 201 skilled nursing care rooms. The organization receives support from various sources to assist in the operation and administration of its communities.
Official website here: www.thrivemorenc.org
Who is the CEO of Baptist Retirement Homes Of North Carolina Incorporated?
Reed A Vanderslik is the Board Chair of Baptist Retirement Homes Of North Carolina Incorporated. The CEO's salary of Baptist Retirement Homes Of North Carolina Incorporated is $340,955 and their total compensation is $376,158.
Official website here: www.thrivemorenc.org
What is the revenue of Baptist Retirement Homes Of North Carolina Incorporated?
Baptist Retirement Homes Of North Carolina Incorporated's revenue in 2022 was $39,587,272.
Official website here: www.thrivemorenc.org
Who are the executives of Baptist Retirement Homes Of North Carolina Incorporated and what are their salaries?
The average compensation at Baptist Retirement Homes Of North Carolina Incorporated during 2022 was $23,196. There are 635 employees and 400 volunteers at Baptist Retirement Homes Of North Carolina Incorporated.
Here are 29 key members and their salaries (Baptist Retirement Homes Of North Carolina Incorporated's CEO's salary is $340,955 and their total compensation is $376,158):
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- Compensation: $184,312
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- Compensation: $340,955
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- Compensation: $111,767
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- Compensation: $354,349
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Official website here: www.thrivemorenc.org
Where can I find the form 990 for Baptist Retirement Homes Of North Carolina Incorporated?
Baptist Retirement Homes Of North Carolina Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thrivemorenc.org
Learn more at the official website: www.thrivemorenc.org
Mission Statement of Baptist Retirement Homes Of North Carolina Incorporated
Baptist Retirement Homes of North Carolina Incorporated, also known as Thrivemore, is a North Carolina-based not-for-profit organization dedicated to providing quality living options and services to the older adult population. Thrivemore's mission is to create an environment where residents and staff become an extension of family, recognizing the dignity and worth of each individual. The organization is exempt from income tax under Internal Revenue Code Section 501(c)(3) and classified as a public charity under Section 509(a)(2).
The Board of Trustees of Thrivemore holds the responsibility for the operation of the organization. Thrivemore's primary goal is to offer quality residential and healthcare living options for older adults in North Carolina, serving both the financially disadvantaged elderly and those who can afford the necessary institutional services. In addition to its benevolent funding to the poor elderly, Thrivemore operates special programs designed to enhance the lifestyle of older adults with dementia-related disorders such as Alzheimer's disease. The organization currently manages over 600 living spaces, consisting of independent living homes and apartments, assisted living residences, and skilled nursing care rooms. Thrivemore's support comes from individuals, businesses, foundations, churches, special offerings, and bequests from various sources to help in the operation and administration of its communities.
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Impact
October, 2024
Baptist Retirement Homes of North Carolina Incorporated significantly enhances the quality of life for older adults across the state. By providing a range of living options and healthcare services, it caters to both financially disadvantaged individuals and those who can afford institutional care. Their commitment to delivering compassionate and quality care ensures that residents receive the support they need to maintain their dignity and well-being.
The organization operates various communities, including independent living homes, assisted living residences, and skilled nursing care facilities. This diverse array of options allows seniors to choose a living arrangement that best suits their needs and preferences. Additionally, specialized programs target older adults with dementia-related disorders, ensuring that these individuals receive tailored care to enhance their lifestyle and well-being.
Through a network of support from individuals, businesses, and community organizations, Baptist Retirement Homes sustains its mission to create a nurturing and familial environment for residents and staff alike. This commitment to community involvement underscores its role in fostering connections and improving the lives of senior citizens in North Carolina. Overall, Baptist Retirement Homes of North Carolina plays a crucial role in addressing the challenges associated with aging, ensuring that older adults live fulfilling and meaningful lives.
This information is meant to be a general summary of Baptist Retirement Homes Of North Carolina Incorporated. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,006,539
- Program Service Revenue: $34,663,957
- Gross Receipts: $39,587,272
Assets and Liabilities:
- Total Assets: $87,897,234
- Total Liabilities: $55,074,557
- Net Assets: $32,822,677
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$34,663,957
Organization Details
Founding Year
1952
Phone
(336) 725-0202Principal Officer
Reed A Vanderslik
Main Address
PO BOX 11024, WINSTON SALEM, NC, 27116
Website
www.thrivemorenc.orgNTEE Category
Code: P750 - Human services
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