Baptist Retirement Homes of North Carolina
Also known as Thrivemore
Baptist Retirement Homes of North Carolina reported $44.4 million in revenue and $55.6 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $77.95 went to program services, $22.05 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 90.9% of the total. The highest compensation it reported for one person was $457,109 (CEO). 16 people received more than $100,000 in reportable compensation. Revenue rose 52% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $56MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $44MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.0% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 22.0% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 3.6% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 90.9% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $457,109 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.82% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 16 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 16.2 | 6.9 |
| Independent voting board members Part VI 1a–1b | 20 of 20 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThrivemore 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…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Officer, 36.00 hrs/week | $406,216 | $0 | $50,893 | $457,109 |
| CHIEF OPERATING OFFICER Key employee, 40.00 hrs/week | $254,297 | $0 | $35,484 | $289,781 |
| CFO Officer, 36.00 hrs/week | $206,627 | $0 | $29,364 | $235,991 |
| EXECUTIVE DIRECTOR, ARDENWOODS Highest compensated employee, 40.00 hrs/week | $166,961 | $0 | $46,388 | $213,349 |
| CHIEF MARKETING OFFICER Highest compensated employee, 40.00 hrs/week | $162,275 | $0 | $30,429 | $192,704 |
| EXECUTIVE DIRECTOR Highest compensated employee, 40.00 hrs/week | $158,063 | $0 | $30,770 | $188,833 |
| DIRECTOR, CLINICAL COMPLIA Highest compensated employee, 40.00 hrs/week | $143,212 | $0 | $13,353 | $156,565 |
| EXECUTIVE DIRECTOR Highest compensated employee, 40.00 hrs/week | $118,523 | $0 | $3,705 | $122,228 |
16 people received more than $100,000 in reportable compensation from Baptist Retirement Homes of North Carolina (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.1M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b20 · 20 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5670
- Volunteers Part I, line 6400
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| LANDMARK BUILDERS INC Construction | $7,510,381 |
| BROAD RIVER REHAB Therapy | $2,110,460 |
| CORPORATE INTERIOR CONSULTING INC Construction/interior design | $1,098,576 |
| SFCS Construction | $858,105 |
| A&G SUPERIOR PAINTING Construction/reno | $735,344 |
Individuals listed as contractors are left out. 38 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Baptist Retirement Homes of North Carolina totaling $4,803 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Baptist Retirement Homes of North Carolina's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Baptist Retirement Homes of North Carolina, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Baptist Retirement Homes of North Carolina spent in FY2025, $77.95 went to programs. The full breakdown, from its IRS Form 990:
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All human services charities · Largest charities in North Carolina
Questions people ask
How much of Baptist Retirement Homes of North Carolina's spending goes to programs?
In the fiscal year ending September 30, 2025, Baptist Retirement Homes of North Carolina reported that 78.0% of its $55.6 million in expenses went to program services, 22.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Baptist Retirement Homes of North Carolina pay its top executive?
The largest total compensation Baptist Retirement Homes of North Carolina reported for one person in the fiscal year ending September 30, 2025 was $457,109, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Baptist Retirement Homes of North Carolina get its money?
Of $44.4 million in revenue in the fiscal year ending September 30, 2025, 3.6% came from contributions and grants and 90.9% from program service revenue (Form 990, Part VIII).
Is Baptist Retirement Homes of North Carolina a registered charity?
The IRS lists EIN 56-0562308 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202632299349302303 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202542679349301104 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202402289349304315 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202312279349301881 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202222279349303502 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202132259349301023 · read the filing
All filings for EIN 56-0562308: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.