2024-02-13T06:54:09-05:00 2023-03-31 263762434 HOSKINS QUIROS OSBORNE LABEAUME CPA LLC 926 LAKE BALDWIN LN ORLANDO FL 32814 990 2022-04-01 237414048 WESTMINSTER RETIREMENT COMMUNITIES FOUNDATION INC WEST 4078395050 80 W LUCERNE CIRCLE ORLANDO FL 32801 HENRY T KEITH CFO/TREASUR/EXEC VP 4078395050 2024-02-06 true HENRY KEITH 999009999 true RUSSELL K HOSKINS P00533774 4072773000 2024-02-05 2022 2023-04-26 12:10:37Z HENRY T KEITH 80 W LUCERNE CIRCLE ORLANDO FL 32801 53323221 false X N/A X 1974 FL WESTMINSTER RETIREMENT COMMUNITIES FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION SEPARATE FROM WESTMINSTER RETIREMENT COMMUNITIES, INC. AND ITS AFFILIATES, ESTABLISHED TO PROVIDE CHARITABLE FUNDS FOR THE SUPPORT OF NEEDY PERSONS, PROJECTS, AND PROGRAMS AT RETIREMENT COMMUNITIES AND HEALTH CARE FACILITIES OWNED, OPERATED AND MANAGED BY WESTMINSTER RETIREMENT COMMUNITIES, INC. AND PRESBYTERIAN RETIREMENT COMMUNITIES, INC. ALL ENDOWMENT FUNDS, BENEVOLENT ASSISTANCE FOR RESIDENTS, INVESTMENTS, AND CERTAIN RELATED LIABILITIES ARE MAINTAINED BY THE FOUNDATION. ALL MEMBERS OF WESTMINSTER RETIREMENT COMMUNITIES, INC.'S BOARD OF DIRECTORS ARE ALSO THE MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS. 14 11 0 0 3491186 2879167 0 12971350 5388289 0 16462536 8267456 2467703 4721691 0 0 0 33718 421814 421462 2889517 5143153 13573019 3124303 107356228 98784723 3373218 3238825 103983010 95545898 X WESTMINSTER RETIREMENT COMMUNITIES FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION SEPARATE FROM WESTMINSTER RETIREMENT COMMUNITIES, INC. AND ITS AFFILIATES, ESTABLISHED TO PROVIDE CHARITABLE FUNDS FOR THE SUPPORT OF NEEDY PERSONS, PROJECTS, AND PROGRAMS AT RETIREMENT COMMUNITIES AND HEALTH CARE FACILITIES OWNED, OPERATED AND MANAGED BY WESTMINSTER RETIREMENT COMMUNITIES, INC. AND PRESBYTERIAN RETIREMENT COMMUNITIES, INC. ALL ENDOWMENT FUNDS, BENEVOLENT ASSISTANCE FOR RESIDENTS, INVESTMENTS, AND CERTAIN RELATED LIABILITIES ARE MAINTAINED BY THE FOUNDATION. ALL MEMBERS OF WESTMINSTER RETIREMENT COMMUNITIES, INC.'S BOARD OF DIRECTORS ARE ALSO THE MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS. false false 4822833 4721691 GRANTS TO PRESBYTERIAN RETIREMENT COMMUNITIES, INC., WESTMINSTER RETIREMENT COMMUNITIES, INC. AND THEIR AFFILIATES. 4822833 true true false false false false false false false true false false false true true false true true false false false false false false false false false true false true false false false false false false false false false true false false false true false false false true 0 0 false 0 false false false false false false false false false false false false false false X 14 11 false true false false true true true true true false false false true true true true true true true false X WESTMINSTER SERVICES INC 4078395050 80 W LUCERNE CIRCLE ORLANDO FL 32801 X TERENCE ROGERS CEO/PRESIDEN 40.00 X 0 664385 36488 HENRY T KEITH CFO/TREASUR/ 40.00 X 0 530394 24643 GARRY HENNIS COO/EXECUTIV 40.00 X 0 464464 20996 WILLIAM BELL DIRECTOR 0.25 X 0 0 0 GREG BUSTLE DIRECTOR 0.25 X 0 0 0 JOHN DEBEVOISE DIRECTOR 0.25 X 0 0 0 DONALD DODDRIDGE DIRECTOR 0.25 X 0 0 0 STEPHEN DYE DIRECTOR 0.25 X 0 0 0 JOHN HILLENMEYER CHAIRMAN 0.25 X X 0 0 0 CARLEN MADDUX DIRECTOR 0.25 X 0 0 0 JEFFREY MOCK DIRECTOR 0.25 X 0 0 0 JOHN MARK RAMSEY DIRECTOR 0.25 X 0 0 0 LINDA SHELLEY DIRECTOR 0.25 X 0 0 0 MEGAN FAUBEL SECRETARY 0.25 X 0 0 0 1659243 82127 false true false WESTMINSTER SERVICES INC 80 W LUCERNE CIRCLE ORLANDO FL 32801 MANAGEMENT SERV 420000 1 2879167 12807 2879167 2172419 2172419 48271635 45055765 3215870 3215870 3215870 8267456 3215870 2172419 4721691 4721691 421462 101142 286602 33718 5143153 4822833 286602 33718 211404 602498 144476 100010 96871218 76211813 10129130 21870402 107356228 98784723 3373218 3238825 3373218 3238825 X 40209458 35286879 63773552 60259019 103983010 95545898 107356228 98784723 3124303 -11271405 -290010 X false true X true false X X 2 WESTMINSTER RETIREMENT COMMUNITIES INC AND AFFILIATES 311682149 10 false 19484 7997 PRESBYTERIAN RETIREMENT COMMUNITIES INC AND AFFILIATES 590931267 10 false 4689398 4810 2 4708882 12807 5375285 4162051 4954623 3491186 2879167 20862312 5375285 4162051 4954623 3491186 2879167 20862312 2492672 18369640 2961377 2522444 2181991 1882679 2172419 11720910 32583222 0.56380 0.61410 X true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31484221 205776 31689997 30970134 514087 31484221 29915447 1054687 30970134 29922298 -6851 29915447 29428196 494102 29922298 1.00000 true false DUE FROM AFFILIATES 20721790 THIRD PARTY TRUSTS 1146612 OTHER ASSETS 2000 21870402 ANNUITY LIABILITY 3238825 3238825 -3293959 -11271405 -11271405 7977446 290010 290010 8267456 5143153 5143153 5143153 SCHEDULE D, PAGE 2, PART V, LINE 4 THE FOUNDATION'S SPENDING POLICY OBJECTIVE IS TO SUPPORT CURRENT OPERATIONS AND PROVIDE BENEVOLENT ASSISTANCE TO THOSE RESIDENTS WHO ARE IN FINANCIAL NEED, WHILE PROTECTING THE VALUE AGAINST THE EXPECTED IMPACT OF INFLATION AND PROVIDE GROWTH FOR FUTURE CASH FLOWS NEEDS AND OTHER DESIGNATED PURPOSES. false PRESBYTERIAN RETIREMENT COMMUNITIES 80 W LUCERNE CIRCLE ORLANDO FL 32801 590931267 3 3497132 4810 FMV HOUSEHOLD/OTHER BENEVOLENT ASSISTANC WESTMINSTER SERVICES INC 80 W LUCERNE CIRCLE ORLANDO FL 32801 593614812 3 416579 FMV BENEVOLENT ASSISTANC SUNCOAST MANOR RETIREMENT COMMUNITY 6909 9TH STREET S ST PETERSBURG FL 33705 590991279 3 101062 FMV BENEVOLENT ASSISTANC WESTMINSTER SHORES INC 125 56TH AVE ST ST PETERSBURG FL 33705 590714826 3 100268 FMV BENEVOLENT ASSISTANC PALM SHORES RETIREMENT COMMUNITY 830 NORTH SHORE DR ST PETERSBURG FL 33701 583725912 3 62273 400 FMV ART / HOUSEHOLD BENEVOLENT ASSISTANC WESLEY MANOR INC 25 SR 13 JACKSONVILLE FL 32259 590872675 3 360346 4100 FMV HOUSEHOLD/OTHER BENEVOLENT ASSISTANC WESTMINSTER PINES INC 80 W LUCERNE CIRCLE ORLANDO FL 32801 593725902 3 143743 3497 FMV ART / HOUSEHOLD BENEVOLENT ASSISTANC JEFFERSON CENTER INC 930 N TAMIAMI TRAIL SARASOTA FL 34236 596169729 3 11325 FMV BENEVOLENT ASSISTANC COLLEGE ARMS TOWERS INC 101 NORTH AMELIA AVE DELAND FL 32724 237025116 3 12662 FMV BENEVOLENT ASSISTANC 9 SCHEDULE I, PAGE 1, PART I, LINE 2 THE ORGANIZATION PROVIDES GRANTS TO RELATED TAX-EXEMPT ORGANIZATIONS, SO IS ABLE TO MONITOR THE USE OF GRANT FUNDS. false false false false false false false false false TERENCE ROGERS CEO/PRESIDENT 568283 76309 19793 24156 12332 700873 HENRY T KEITH CFO/TREASUR/EXEC VP 454118 50447 25829 13663 10980 555037 GARRY HENNIS COO/EXECUTIVE VP 399639 42266 22559 10016 10980 485460 SCHEDULE J, PAGE 1, PART I, LINE 3 THE ORGANIZATION RELIED ON A RELATED ORGANIZATION (WESTMINSTER SERVICES, INC. 59-3614812) FOR THE COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. X 3 1350 COMPARABLE SALES / COST X 69 X 8900 COMPARABLE SALES / COST X GOLF CART 1 2000 COMPARABLE SALES / COST X MUSEUM TICKETS 1 188 COMPARABLE SALES / COST X SPORTS TICKETS 1 300 COMPARABLE SALES / COST false true false SCHEDULE M, PAGE 2, PART II THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990 - ORGANIZATION'S MISSION WESTMINSTER RETIREMENT COMMUNITIES FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION SEPARATE FROM WESTMINSTER RETIREMENT COMMUNITIES, INC. AND ITS AFFILIATES, ESTABLISHED TO PROVIDE CHARITABLE FUNDS FOR THE SUPPORT OF NEEDY PERSONS, PROJECTS, AND PROGRAMS AT RETIREMENT COMMUNITIES AND HEALTH CARE FACILITIES OWNED, OPERATED AND MANAGED BY WESTMINSTER RETIREMENT COMMUNITIES, INC. AND PRESBYTERIAN RETIREMENT COMMUNITIES, INC. ALL ENDOWMENT FUNDS, BENEVOLENT ASSISTANCE FOR RESIDENTS, INVESTMENTS, AND CERTAIN RELATED LIABILITIES ARE MAINTAINED BY THE FOUNDATION. ALL MEMBERS OF WESTMINSTER RETIREMENT COMMUNITIES, INC.'S BOARD OF DIRECTORS ARE ALSO THE MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS. FORM 990 ALL OF WESTMINSTER RETIREMENT COMMUNITIES FOUNDATION, INC.'S FUNDRAISING ACTIVITIES ARE FUNDED BY WESTMINSTER SERVICES, INC. (59-3614812). WESTMINSTER SERVICES, INC.'S FUNDRAISING COSTS ARE APPROXIMATELY 1,676,502. WESTMINSTER RETIREMENT COMMUNITIES FOUNDATION, INC. PAID WESTMINSTER SERVICES, INC. MANAGEMENT FEES OF 420,000. BOND OBLIGATIONS: THE FOLLOWING TAX-EXEMPT BONDS WERE ISSUED FOR "THE OBLIGATED GROUP" LISTED BELOW. EACH MEMBER OF THE OBLIGATED GROUP HAS RECORDED THEIR PORTION OF THE BONDS BASED ON THE EXPECTED USE OF THE BOND PROCEEDS. ALL MEMBERS OF THE OBLIGATED GROUP ARE INDIVIDUALLY AND COLLECTIVELY OBLIGATED UNDER THE TERMS OF THE BONDS. WESTMINSTER RETIREMENT COMMUNITIES FOUNDATION, INC. HAS NOT RECEIVED ANY PROCEEDS FROM THE BOND ISSUES. BOND ISSUES: ISSUER NAME DATE ISSUED ISSUE PRICE 2014 ORANGE COUNTY HEALTH FACILITIES AUTHORITY 7/02/14 49,158,980 2015 ORANGE COUNTY HEALTH FACILITIES AUTHORITY 6/15/15 48,668,087 2016 ORANGE COUNTY HEALTH FACILITIES AUTHORITY 12/15/16 176,065,533 2020A ST. JOHNS COUNTY INDUSTRIAL DEVELOPMENT AUTH 9/28/20 65,855,780 OBLIGATED GROUP MEMBERS AND EMPLOYER IDENTIFICATION NUMBERS (EIN): PRESBYTERIAN RETIREMENT COMMUNITIES, INC. 59-0931267 WESTMINSTER SHORES, INC. 59-0714826 SUNCOAST MANOR RETIREMENT COMMUNITY, INC. 59-0991279 WESLEY MANOR, INC. 59-0872675 PALM SHORES RETIREMENT COMMUNITY, INC. 58-3725912 WESTMINSTER RETIREMENT COMMUNITIES FOUNDATION, INC. 23-7414048 WESTMINSTER SERVICES, INC. 59-3614812 WESTMINSTER PINES, INC. 59-3725902 FORM 990, PAGE 6, PART VI, LINE 3 THE BOARD OF DIRECTORS DELEGATED CONTROL OF MANAGEMENT DUTIES TO WESTMINSTER SERVICES, INC. AN AFFILIATED NOT-FOR-PROFIT. FORM 990, PAGE 6, PART VI, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION IS WESTMINSTER RETIREMENT COMMUNITIES, INC. FORM 990, PAGE 6, PART VI, LINE 7A WESTMINSTER RETIREMENT COMMUNITIES, INC. MAY ELECT ONE OR MORE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B WESTMINSTER RETIREMENT COMMUNITIES, INC. MUST APPROVE DISSOLUTION OF THE ORGANIZATION, SALE OF SUBSTANTIAL ASSETS, NEW BOARD MEMBERS OR REPLACEMENT OF THE MANAGEMENT COMPANY. FORM 990, PAGE 6, PART VI, LINE 11B THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE 990 BEFORE IT IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE WRITTEN CONFLICT OF INTEREST POLICY IS REVIEWED AND SIGNED ANNUALLY BY THE BOARD OF DIRECTORS, OFFICERS AND EMPLOYEES. WITH A CENTRALIZED ACCOUNTS PAYABLE AND PAYROLL SYSTEM, THE MANAGEMENT COMPANY MONITORS ALL PAYMENTS AND TRANSACTIONS WITH VENDORS. IN ADDITION, THE ORGANIZATION HAS A TOLL-FREE COMPLIANCE HOTLINE THAT CAN BE USED BY BOARD MEMBERS OR STAFF TO REPORT ANY ISSUES. FORM 990, PAGE 6, PART VI, LINE 15A SEE BELOW FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION UTILIZES NUMEROUS SALARY SURVEYS WITH LIKE-KIND ORGANIZATIONS TO DETERMINE THE PROPER SALARY/WAGE AMOUNT FOR EACH EMPLOYEE. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART VII AVERAGE HOURS PER WEEK ARE SHARED BETWEEN THE RELATED ORGANIZATIONS OF WESTMINSTER RETIREMENT COMMUNITIES, INC. AND PRESBYTERIAN RETIREMENT COMMUNITIES, INC. 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