Moravian Home Incorporated
- Assets
- $131.8m
- Revenue
- $40.8m
- Investments
- $0.0
- Employees
- 483
- Location
- Winstonsalem, NC
- Founding
- 05/1971
- Data as of
- 03/2023
- EIN
- 56-0963926
Organization Overview
Moravian Home Incorporated, operating under the name Salemtowne, is located in Winstonsalem, NC. The organization was established in 1971. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 03/2023, Salemtowne employed 483 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salemtowne is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2023, Salemtowne generated $40.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $40.6m during the year ending 03/2023. While expenses have increased by 7.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Salemtowne has awarded 19 individual grants totaling $987,062. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A WELCOMING COMMUNITY WHERE SENIOR ADULTS FLOURISH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALEMTOWNE PROVIDED SERVICES THROUGH LONG-TERM CARE FOR ELDERLY IN THE WINSTON-SALEM COMMUNITY AND SURROUNDING AREAS. IT IS THE MISSION OF THE SALEMTOWNE COMMUNITY OUTREACH PROGRAM TO PROVIDE RESOURCES FOR SERVICES, PROGRAMS AND EDUCATION THAT ENHANCE THE QUALITY OF LIVING AND CARE FOR SENIOR ADULTS OF PIEDMONT NORTH CAROLINA. SALEMTOWNE STRIVES TO SHARE ITS EXPERTISE IN THE AREA OF AGING BY OFFERING EDUCATION AND TRAINING TO SENIOR ADULTS, FAMILIES AND CAREGIVERS; BY UTILIZING ITS TIME, TALENTS, AND FACILITIES FOR PROGRAMS AND EDUCATION; AND BY SPONSORING AND/OR SUPPORTING PROGRAMS OF ORGANIZATIONS AND ASSOCIATIONS DEDICATED TO SENIOR ADVOCACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Geis Chair | OfficerTrustee | 2 | $0 |
Marty Edwards Vice Chair | OfficerTrustee | 2 | $0 |
Chris Perry Treasurer | OfficerTrustee | 2 | $0 |
Corlis Sellers-Drummond Secretary | OfficerTrustee | 2 | $0 |
Carol Ann Adcock Board Member | Trustee | 2 | $0 |
Elms Allen Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Functional Pathways Of Tennessee Llc Therapy | 3/30/23 | $1,835,838 |
Rlps Architects Strategic Planning | 3/30/23 | $840,277 |
Atcom Inc Software Support | 3/30/23 | $636,897 |
Dedicated Nursing Healthcare Staffing | 3/30/23 | $519,037 |
Frank L Blum Construction Co Construction | 3/30/23 | $1,862,355 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,257,903 |
| All other contributions, gifts, grants, and similar amounts not included above | $974,502 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,232,405 |
| Total Program Service Revenue | $34,422,048 |
| Investment income | $607,277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,733,386 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,790,928 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $663,983 |
| Compensation of current officers, directors, key employees. | $464,788 |
| Compensation to disqualified persons | $49,268 |
| Other salaries and wages | $13,343,536 |
| Pension plan accruals and contributions | $221,678 |
| Other employee benefits | $1,023,850 |
| Payroll taxes | $1,029,140 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,285 |
| Fees for services: Accounting | $306,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,160,553 |
| Advertising and promotion | $276,032 |
| Office expenses | $2,000,425 |
| Information technology | $618,347 |
| Royalties | $0 |
| Occupancy | $1,212,091 |
| Travel | $82,529 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $128,052 |
| Interest | $4,200,828 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,032,480 |
| Insurance | $328,445 |
| All other expenses | $26,888 |
| Total functional expenses | $40,646,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,849,560 |
| Savings and temporary cash investments | $109,559 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,678,722 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $227,799 |
| Net Land, buildings, and equipment | $94,835,180 |
| Investments—publicly traded securities | $26,762,786 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,327,975 |
| Total assets | $131,791,581 |
| Accounts payable and accrued expenses | $3,062,263 |
| Grants payable | $0 |
| Deferred revenue | $33,567,928 |
| Tax-exempt bond liabilities | $83,703,546 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,890,783 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,051,526 |
| Total liabilities | $126,276,046 |
| Net assets without donor restrictions | $635,334 |
| Net assets with donor restrictions | $4,880,201 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $131,791,581 |
Grants Awarded
Over the last fiscal year, Moravian Home Incorporated has awarded $550,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MORAVIAN MINISTRIES FOUNDATION PURPOSE: CHARITABLE DISBURSEMENT | $450,000 |
WINSTON SALEM FOUNDATION PURPOSE: ESTABLISH SUPPORT FUND | $100,200 |