Salemtowne is a nonprofit continuing care retirement community that promotes the well-being of its residents by providing a caring environment. Salemtowne is an ecumenical community that reflects the Moravian values of individual respect, hospitality, lifelong learning, and love of the arts.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$131.2M
-0.4% YoY
Revenue
$39.3M
-3.6% YoY
Net Investment Income
$646K
-157.4% YoY
Expenses
$40.0M
-1.5% YoY
About Moravian Home Incorporated dba Salemtowne
Based on IRS filings
Moravian Home Incorporated dba Salemtowne is a nonprofit organization focused on Human Services, based in WINSTONSALEM, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $131.2M in total assets. Net investment income was $646K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $131,234,419 | $131,791,581 | $135,166,146 |
| Revenue | $39,341,268 | $40,790,928 | $36,716,865 |
| Expenses | $40,041,593 | $40,646,316 | $39,004,328 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $646,432 | $-1,126,109 | $785,629 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Corlis Sellers-Drummond | Secretary | 2 | — |
| Larry Colbourne | Treasurer | 2 | — |
| Marty Edwards | Board Chair | 2 | — |
| R Patrick Yeatts | Vice Chair | 2 | — |
| Aimee Smith | Board Member | 2 | — |
| Chris Thore | Board Member | 2 | — |
| Elms Allen | Board Member | 2 | — |
| John Ferguson | Board Member | 2 | — |
| Kevin Owen | Board Member | 2 | — |
| Leslee Battle | Board Member | 2 | — |
| Michelle Cook | Board Member | 2 | — |
| Rose Simon | Board Member | 2 | — |
| Russell Armistead | Board Member | 2 | — |
| Scott Southerland | Board Member | 2 | — |
| Terry Williams | Board Member | 2 | — |
| Tim Gardner | Board Member | 2 | — |
| Mark Steele | CEO | 40 | $348,561 |
| Tracy Biesecker | CFO | 40 | $209,820 |
| Allison Vessels | VP of HR/Resident Services | 40 | $178,380 |
| Catherine Maynard | VP of Health Services | 40 | $161,625 |
| Timothy Dahlke | Former Director of Facilities | 40 | $152,121 |
| Ann Burris | VP of Marketing and Sales | 40 | $149,625 |
| Edwinna Swan | Home Care Director | 40 | $100,061 |
| Emily Rector | VP of Development | 40 | $111,244 |
| Renee Brumagin | Director of Marketing | 40 | $108,775 |
| Stephanie Stone | Director of Nursing | 40 | $117,797 |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Total Given
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Ihope Foundation
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Total Given
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Orange County Partnership for Young
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Assets
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Grants
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Total Given
$2.1M
North Carolina Baptist Hospital
WINSTONSALEM, NC
Assets
$2.8B
Grants
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Total Given
$634K
Waterfowl Foundation
COLUMBIA, NC
Assets
$16K
Grants
0
Total Given
—
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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