Salemtowne
1000 Salemtowne Drive, Winston-Salem, North Carolina 27106 · Community website
- Operator:
- Moravian Home, Incorporated d/b/a Salemtowne
- Ownership:
- Nonprofit
- Affiliation:
- Moravian Church in America, Southern Province
- Opened:
- 1972
- Type B (modified)
- Type C (fee for service)
Figures from the 2026 disclosure statement (fiscal 2026 finances), filed with the North Carolina Department of Insurance.PDF
At a glance
Entrance fee, one person, every plan
Monthly fee, independent living
Refund plans offered
- Traditional Amortizing PlanCan decline to nothing
Days cash on hand
Read the note on this figure
Unreconciled cash figure: the 247 days rest on $25,031,241 of unrestricted cash and investments reported in Section 29 (Tables 29.1-29.2, p36), but the audited balance sheet shows cash of $3,942,756 plus investments of $16,043,902 = $19,986,658 (p49), about 198 days on the same expense base (p51); the $8,005,000 statutory operating reserve is held separately as assets limited as to use (p49). The document does not explain the $5.04M difference. The 7.1% net operating margin is the NC statutory ratio (FS-1, p2); the audited statement of operations shows an operating loss of $709,937 on $41,752,771 of revenue for FY2026 (p51).
Independent living occupancy
Nursing care, CMS overall rating
What care costs later
How each contract prices assisted living and nursing if you need them. The contract type decides most of what a long stay costs.
- Type B (modified): A set number of care days is included, or care is charged at a stated discount.
- Type C (fee for service): Care is charged at market rates when you need it.
How the contract types compare
Type B (modified)The filing calls it Declining Balance Contract (Type B); we class contracts by how care is priced (our definitions).
A 20% lifetime discount on the assisted living, memory support and nursing fees paid by direct admissions; no free days. The entrance fee is about $30,000 higher than the Type C contract.p. 41
- Assisted living
- Direct-admission monthly fee less 20% (assisted living $7,408-$9,828, memory support $12,062 before discount).
- Nursing care
- Direct-admission daily fee less 20% ($519/day before discount).
- Discount on care
- 20%
Type C (fee for service)The filing calls it Fee for Service Contract (Type C); we class contracts by how care is priced (our definitions).
Assisted living, memory support and nursing are paid at the same rates as direct admissions. Ten assisted living, ten memory support and sixteen nursing beds are sheltered for residents and not open to direct admits.p. 41
- Assisted living
- Market rate: $7,408/month room, $9,828/month suite; memory support $12,062/month.
- Nursing care
- Market rate: $519/day private room.
| Independent living | 221 |
|---|---|
| Assisted living | 46 |
| Memory care | 20 |
| Nursing care | 100 |
Entrance fees
One-person prices as the filing lists them, by contract. A second person usually pays the extra amount shown.
Fee for Service Contract (Type C) · Type C (fee for service) (25 prices, $93,800 to $675,100)
| Unit | Sq ft | Refund plan | Price, one person | Second person |
|---|---|---|---|---|
| Apartment – Vogler/Bahnson – Forsyth (1 bedroom) | 530 | Traditional Amortizing Plan | $93,800 to $114,000p. 82 | $20,000 |
| Apartment – Vogler/Bahnson – Winston A or B (2 bedroom) | 790 | Traditional Amortizing Plan | $125,300 to $138,200p. 82 | $20,000 |
| Apartment – Vogler/Bahnson – West End (1 bedroom, den & laundry) | 790 | Traditional Amortizing Plan | $125,300 to $135,600p. 82 | $20,000 |
| Apartment – Vogler/Bahnson – Buena Vista (2 bedroom, den & laundry) | 1,055 | Traditional Amortizing Plan | $173,100 to $188,500p. 82 | $20,000 |
| Apartment – Driscoll – Reynolda (1 bedroom) | 751 | Traditional Amortizing Plan | $163,000 to $203,200p. 82 | $20,000 |
| Apartment – Driscoll – Sherwood (1 bedroom w/den) | 936 | Traditional Amortizing Plan | $194,000 to $210,100p. 82 | $20,000 |
| Apartment – Driscoll – Piedmont (2 bedroom) | 1,073 | Traditional Amortizing Plan | $241,200 to $257,900p. 82 | $20,000 |
| Apartment – Driscoll – Brookstown (2 bedroom corner) | 1,107 | Traditional Amortizing Plan | $246,100 to $253,400p. 82 | $20,000 |
| Apartment – Driscoll – Twin City (2 bedroom w/den) | 1,240 | Traditional Amortizing Plan | $258,000 to $271,400p. 82 | $20,000 |
| Apartment – Woodlands – Beech (1 bedroom w/den) | 1,215 | Traditional Amortizing Plan | $255,500 to $304,200p. 82 | $20,000 |
| Apartment – Woodlands – Dogwood (2 bedroom) | 1,395 | Traditional Amortizing Plan | $350,200 to $412,100p. 82 | $20,000 |
| Apartment – Woodlands – Hawthorne (2 bedroom) | 1,490 | Traditional Amortizing Plan | $350,900 to $440,200p. 82 | $20,000 |
| Apartment – Woodlands – Pine (2 bedroom w/den) | 1,640 | Traditional Amortizing Plan | $422,300 to $510,200p. 82 | $20,000 |
| Apartment – Woodlands – Sycamore (2 bedroom w/sunroom) | 1,750 | Traditional Amortizing Plan | $414,900 to $537,800p. 82 | $20,000 |
| Apartment – Woodlands – Willow (2 bedroom w/sunroom) | 1,875 | Traditional Amortizing Plan | $495,300 to $603,400p. 82 | $20,000 |
| Cottage – Wachovia Village – Hatteras (2 bedroom) | 1,172 | Traditional Amortizing Plan | $269,400 to $280,400p. 82 | $20,000 |
| Cottage – Wachovia Village – Emerald (2 bedroom w/den) | 1,356 | Traditional Amortizing Plan | $312,000 to $332,600p. 82 | $20,000 |
| Cottage – Salem Village – Bethania (2 bedroom w/den) | 1,533 | Traditional Amortizing Plan | $413,000 to $420,300p. 82 | $20,000 |
| Cottage – Salem Village – Hickory (2 bedroom w/sunroom/den) | 1,560 to 1,755 | Traditional Amortizing Plan | $403,000 to $489,500p. 82 | $20,000 |
| Cottage – Salem Village – Catawba (2-3 bedroom w/den & sunroom) | 1,678 to 3,210 | Traditional Amortizing Plan | $430,400 to $675,100p. 82 | $20,000 |
| Cottage – Bethabara Place – Mitchell (2 bedroom) | 1,440 | Traditional Amortizing Plan | $398,930p. 82 | $20,000 |
| Cottage – Bethabara Place – Shenandoah (2 bedroom w/den) | 1,617 to 1,698 | Traditional Amortizing Plan | $469,500 to $584,400p. 82 | $20,000 |
| Cottage – Bethabara Place – Appalachian (2 bedroom w/sunroom) | 1,640 to 1,750 | Traditional Amortizing Plan | $475,700 to $491,800p. 82 | $20,000 |
| Cottage – Bethabara Place – Rutherford (2 bedroom w/den & sunroom) | 1,817 to 2,100 | Traditional Amortizing Plan | $511,800 to $642,500p. 82 | $20,000 |
| Cottage – Bethabara Place – Watauga (2 bedroom w/den & sunroom) | 3,200 | Traditional Amortizing Plan | $454,292 to $596,754p. 82 | $20,000 |
Monthly fees
What residents pay each month, by contract and level of care. A second person adds the amount shown.
Declining Balance Contract (Type B) · Type B (modified) (25 prices, $2,924 to $6,142)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Apartment – Vogler/Bahnson – Forsyth (1 bedroom) | Independent living | $2,924p. 82 | $1,216 |
| Apartment – Vogler/Bahnson – Winston A or B (2 bedroom) | Independent living | $3,297p. 82 | $1,216 |
| Apartment – Vogler/Bahnson – West End (1 bedroom, den & laundry) | Independent living | $3,297p. 82 | $1,216 |
| Apartment – Vogler/Bahnson – Buena Vista (2 bedroom, den & laundry) | Independent living | $3,682p. 82 | $1,216 |
| Apartment – Driscoll – Reynolda (1 bedroom) | Independent living | $3,476p. 82 | $1,216 |
| Apartment – Driscoll – Sherwood (1 bedroom w/den) | Independent living | $3,862p. 82 | $1,216 |
| Apartment – Driscoll – Piedmont (2 bedroom) | Independent living | $4,348p. 82 | $1,216 |
| Apartment – Driscoll – Brookstown (2 bedroom corner) | Independent living | $4,354p. 82 | $1,216 |
| Apartment – Driscoll – Twin City (2 bedroom w/den) | Independent living | $4,665p. 82 | $1,216 |
| Apartment – Woodlands – Beech (1 bedroom w/den) | Independent living | $4,532p. 82 | $972 |
| Apartment – Woodlands – Dogwood (2 bedroom) | Independent living | $4,752p. 82 | $972 |
| Apartment – Woodlands – Hawthorne (2 bedroom) | Independent living | $4,868p. 82 | $972 |
| Apartment – Woodlands – Pine (2 bedroom w/den) | Independent living | $5,071p. 82 | $972 |
| Apartment – Woodlands – Sycamore (2 bedroom w/sunroom) | Independent living | $5,275p. 82 | $972 |
| Apartment – Woodlands – Willow (2 bedroom w/sunroom) | Independent living | $5,376p. 82 | $972 |
| Cottage – Wachovia Village – Hatteras (2 bedroom) | Independent living | $3,946p. 82 | $951 |
| Cottage – Wachovia Village – Emerald (2 bedroom w/den) | Independent living | $4,112p. 82 | $951 |
| Cottage – Salem Village – Bethania (2 bedroom w/den) | Independent living | $4,513p. 82 | $951 |
| Cottage – Salem Village – Hickory (2 bedroom w/sunroom/den) | Independent living | $4,593 to $5,061p. 82 | $951 |
| Cottage – Salem Village – Catawba (2-3 bedroom w/den & sunroom) | Independent living | $4,837 to $5,718p. 82 | $951 |
| Cottage – Bethabara Place – Mitchell (2 bedroom) | Independent living | $4,591p. 82 | $951 |
| Cottage – Bethabara Place – Shenandoah (2 bedroom w/den) | Independent living | $4,834 to $5,821p. 82 | $951 |
| Cottage – Bethabara Place – Appalachian (2 bedroom w/sunroom) | Independent living | $4,913 to $5,002p. 82 | $951 |
| Cottage – Bethabara Place – Rutherford (2 bedroom w/den & sunroom) | Independent living | $5,315 to $6,142p. 82 | $951 |
| Cottage – Bethabara Place – Watauga (2 bedroom w/den & sunroom) | Independent living | $5,987p. 82 | $951 |
Fee for Service Contract (Type C) · Type C (fee for service) (28 prices, $2,924 to $12,062)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Apartment – Vogler/Bahnson – Forsyth (1 bedroom) | Independent living | $2,924p. 82 | $1,216 |
| Apartment – Vogler/Bahnson – Winston A or B (2 bedroom) | Independent living | $3,297p. 82 | $1,216 |
| Apartment – Vogler/Bahnson – West End (1 bedroom, den & laundry) | Independent living | $3,297p. 82 | $1,216 |
| Apartment – Vogler/Bahnson – Buena Vista (2 bedroom, den & laundry) | Independent living | $3,682p. 82 | $1,216 |
| Apartment – Driscoll – Reynolda (1 bedroom) | Independent living | $3,476p. 82 | $1,216 |
| Apartment – Driscoll – Sherwood (1 bedroom w/den) | Independent living | $3,862p. 82 | $1,216 |
| Apartment – Driscoll – Piedmont (2 bedroom) | Independent living | $4,348p. 82 | $1,216 |
| Apartment – Driscoll – Brookstown (2 bedroom corner) | Independent living | $4,354p. 82 | $1,216 |
| Apartment – Driscoll – Twin City (2 bedroom w/den) | Independent living | $4,665p. 82 | $1,216 |
| Apartment – Woodlands – Beech (1 bedroom w/den) | Independent living | $4,532p. 82 | $972 |
| Apartment – Woodlands – Dogwood (2 bedroom) | Independent living | $4,752p. 82 | $972 |
| Apartment – Woodlands – Hawthorne (2 bedroom) | Independent living | $4,868p. 82 | $972 |
| Apartment – Woodlands – Pine (2 bedroom w/den) | Independent living | $5,071p. 82 | $972 |
| Apartment – Woodlands – Sycamore (2 bedroom w/sunroom) | Independent living | $5,275p. 82 | $972 |
| Apartment – Woodlands – Willow (2 bedroom w/sunroom) | Independent living | $5,376p. 82 | $972 |
| Cottage – Wachovia Village – Hatteras (2 bedroom) | Independent living | $3,946p. 82 | $951 |
| Cottage – Wachovia Village – Emerald (2 bedroom w/den) | Independent living | $4,112p. 82 | $951 |
| Cottage – Salem Village – Bethania (2 bedroom w/den) | Independent living | $4,513p. 82 | $951 |
| Cottage – Salem Village – Hickory (2 bedroom w/sunroom/den) | Independent living | $4,593 to $5,061p. 82 | $951 |
| Cottage – Salem Village – Catawba (2-3 bedroom w/den & sunroom) | Independent living | $4,837 to $5,718p. 82 | $951 |
| Cottage – Bethabara Place – Mitchell (2 bedroom) | Independent living | $4,591p. 82 | $951 |
| Cottage – Bethabara Place – Shenandoah (2 bedroom w/den) | Independent living | $4,834 to $5,821p. 82 | $951 |
| Cottage – Bethabara Place – Appalachian (2 bedroom w/sunroom) | Independent living | $4,913 to $5,002p. 82 | $951 |
| Cottage – Bethabara Place – Rutherford (2 bedroom w/den & sunroom) | Independent living | $5,315 to $6,142p. 82 | $951 |
| Cottage – Bethabara Place – Watauga (2 bedroom w/den & sunroom) | Independent living | $5,987p. 82 | $951 |
| Assisted living room | Assisted living | $7,408p. 84 | Not listed |
| Assisted living suite (single occupancy) | Assisted living | $9,828p. 84 | Not listed |
| Memory support private room | Memory care | $12,062p. 84 | Not listed |
Fee increases, year by year
| Year | Level of care | Unit | Increase | Monthly fee, before and after |
|---|---|---|---|---|
| 2026 | Independent living | All units | 4% | Percent onlyp. 23 |
| 2025 | Independent living | All units | 4% | Percent onlyp. 23 |
| 2024 | Independent living | All units | 4% | Percent onlyp. 23 |
| 2023 | Independent living | All units | 8.5% | Percent onlyp. 23 |
| 2022 | Independent living | All units | 4.9% | Percent onlyp. 23 |
Refunds
What comes back from the entrance fee when you leave or die, and when it is paid.
Traditional Amortizing Planp. 30
The refund is the entrance fee less a 4% non-refundable fee, with the rest amortizing 2% for each month of occupancy; nothing is refunded after 48 months. No refund is paid on a move to assisted living or the Health Care Center, and any refund is paid within 30 days after the unit is reserved and the next resident has paid the full entrance fee.
- Kept on move-in
- 4% of the fee
- Declines by
- 2% a month for 48 months
- Never less than
- Nothing: it can decline to zero
- Longest wait
- No limit stated
- Paid
- When your unit is re-occupied and the new resident has paid
Refund calculator
Estimated refund: $0 (0% of the fee)
When it is paid: when your unit is re-occupied and the new resident has paid. This applies the plan terms as recorded from the filing, counting a part month as a whole one. The signed contract governs, and charges you owe or care paid for from the fee can be deducted first.
How entrance-fee refunds work, and why the payment date matters
Finances
Whether the organisation behind the community has the cash and income to keep its promises for decades.
- Balance sheet: Moravian Home, Incorporated d/b/a Salemtowne.
- Ratios: Moravian Home, Incorporated d/b/a Salemtowne (provider only).
Days cash on hand
247 days FY2026p. 2
- Its lenders’ minimum: 150 daysp. 64
- Industry median: 321 days Ziegler median for fiscal 2022, 132 bond-financed not-for-profit entrance-fee CCRCs
Debt service coverage
1.96x FY2026p. 2
- Its lenders’ minimum: 1.20xp. 64
- Industry median: 1.80x Ziegler median for fiscal 2022, 132 bond-financed not-for-profit entrance-fee CCRCs
Read with these figuresUnreconciled cash figure: the 247 days rest on $25,031,241 of unrestricted cash and investments reported in Section 29 (Tables 29.1-29.2, p36), but the audited balance sheet shows cash of $3,942,756 plus investments of $16,043,902 = $19,986,658 (p49), about 198 days on the same expense base (p51); the $8,005,000 statutory operating reserve is held separately as assets limited as to use (p49). The document does not explain the $5.04M difference. The 7.1% net operating margin is the NC statutory ratio (FS-1, p2); the audited statement of operations shows an operating loss of $709,937 on $41,752,771 of revenue for FY2026 (p51).
How to read these figures: what each one measures and why a lender’s minimum is a floor, not a target.
Balance sheet and trend
| Fiscal year | FY2026p. 49 | FY2025p. 2 | FY2024p. 2 |
|---|---|---|---|
| Days cash on hand | 247 days | 202 days | 236 days |
| Debt service coverage | 1.96x | 1.46x | 1.66x |
| Operating margin | 7.1% | 3.9% | 9% |
| Total assets | $124.1 million | $122.2 million | Not disclosed |
| Total liabilities | $116.6 million | $116.9 million | Not disclosed |
| Long-term debt | $74.5 million | $76.4 million | Not disclosed |
| Entrance fees not yet earned (deferred revenue) | $33.5 million | $31.8 million | Not disclosed |
| Refunds owed to residents (refundable fee liability) | $1.1 million | Not disclosed | Not disclosed |
| Net position (assets minus liabilities) | $7.5 million | $5.3 million | Not disclosed |
Auditor: Forvis Mazars. Opinion: Unmodified (clean) opinionp. 49
Occupancy
Nursing care on campus
From CMS Care Compare, data as of 2026-09-01. These are the federal government’s ratings of the nursing center, not ours.
- Overall
- 4 of 5
- Health inspections
- 4 of 5
- Staffing
- 4 of 5
- Quality measures
- 3 of 5
Fines recorded by CMS: 0. Health citations since 2023-10-16: 4. Salemtowne on Care Compare
In brief
Salemtowne in Winston-Salem is a nonprofit continuing care community affiliated with the Moravian Church, with 221 independent living units, 46 assisted living beds, 20 memory support units and 100 nursing beds, plus a continuing care at home program. Type C entrance fees run from $93,800 to $675,100 with monthly fees of $2,924 to $6,142 from April 2026; the Type B contract costs about $30,000 more and gives a 20% discount on care. For the year ended March 31, 2026 it reported 247 days cash on hand and 1.96x debt service coverage against covenants of 150 days and 1.20x.PDF
Nearest communities in North Carolina
- Brookridge Retirement Community
Winston-Salem · 1 miles away
Entrance fee: $54,700 to $475,000
- Arbor Acres
Winston-Salem · 3 miles away
Entrance fee: $54,000 to $689,000
- Trinity Elms
Clemmons · 11 miles away
Entrance fee: None: rental
Sources
- Salemtowne — 2026 Disclosure StatementNorth Carolina Department of Insurance · filed 2026, fiscal 2026 finances · 309 pages · retrieved 2026-10-15
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