2024-08-02T09:42:55-05:00 2023-09-30 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2022-10-01 237162493 WESTMINSTER CANTERBURY CORPORATION WEST 8042646000 1600 WESTBROOK AVENUE RICHMOND VA 232273337 W RUSSELL GARDNER VP & CFO 8042646000 2024-07-31 1 1 JOHN NORMAN P01506766 7049985200 2024-07-29 2022 2024-08-08 14:25:15Z W RUSSELL GARDNER 1600 WESTBROOK AVENUE RICHMOND VA 232273337 143079702 0 X WWW.WCRICHMOND.ORG X 1975 VA AS A MINISTRY OF THE EPISCOPAL AND PRESBYTERIAN CHURCHES, WESTMINSTER CANTERBURY PROVIDES AN INSURANCE PRODUCT OFFERING INDEPENDENT LIVING; MEMORY SUPPORT; HOME HEALTH AND HOSPICE; ASSISTED LIVING; AND INTERMEDIATE AND SKILLED NURSING BEDS, ALL FOR PERSONS AGES 62 AND OLDER. FINANCIAL AID IS AVAILABLE TO THOSE WHOSE FINANCIAL RESOURCES ARE NOT SUFFICIENT TO COVER ENTRANCE FEE, MONTHLY FEE OR BOTH. 18 18 742 220 0 0 3819831 2842653 68182587 74567688 7212343 5173424 -71540 0 79143221 82583765 4346149 4296988 0 0 23158262 23952291 0 0 0 38134672 41251816 65639083 69501095 13504138 13082670 448300698 498596055 342260683 369702985 106040015 128893070 X AS A FAITH-BASED CHARITABLE ORGANIZATION, WE WILL PROVIDE SERVICES, SPECIFIC TO NEED, IN A COMPASSIONATE, PROFESSIONAL, HOLISTIC MANNER, THROUGH AN INSPIRING ENVIRONMENT AND DYNAMIC LEADERSHIP FOR OUR RESIDENTS, EMPLOYEES AND OTHERS WE SERVE. 0 0 66190404 4296988 74567688 AS A MINISTRY OF THE EPISCOPAL AND PRESBYTERIAN CHURCHES, WESTMINSTER CANTERBURY PROVIDES 493 RESIDENCES FOR INDEPENDENT LIVING; 72 APARTMENTS FOR THOSE WITH COGNITIVE DECLINE, 80 APARTMENTS FOR ASSISTED LIVING; AND 158 INTERMEDIATE AND SKILLED NURSING BEDS, ALL FOR PERSONS AGED 62 AND OLDER. IN ADDITION, WESTMINSTER CANTERBURY PROVIDES RESIDENTS WITH THE OPPORTUNITIES FOR SOCIALIZATION, INTELLECTUAL STIMULATION, ENTERTAINMENT, RECREATION, PHYSICAL CARE AND SPIRITUAL ENRICHMENT. SPECIFIED SERVICES ARE PROVIDED UNDER THE CONTINUING CARE CONTRACT (RESIDENCE AND CARE AGREEMENT). WESTMINSTER CANTERBURY'S CCRC PRODUCTS ARE REGISTERED WITH THE COMMONWEALTH OF VIRGINIA, BUREAU OF INSURANCE. OTHER SERVICE AND FACILITIES MADE AVAILABLE ARE FOR AN EXTRA CHARGE I.E. MEALS PURCHASED INDIVIDUALLY OR AS PART OF AN OPTION PLAN, DRUGS, BEAUTY SHOP, INTERNET ETC. FINANCIAL AID IS AVAILABLE TO THOSE WHOSE FINANCIAL RESOURCES ARE NOT SUFFICIENT TO COVER ENTRANCE FEE, MONTHLY FEE OR BOTH. ALL FINANCIAL INFORMATION PROVIDED BY THE PROSPECTIVE RESIDENTS IS ANALYZED USING A SOFTWARE PROGRAM CALLED FINAID. THIS PROGRAM USES ACTUARIAL TABLES TO PROJECT HOW MUCH, IF ANY, FINANCIAL ASSISTANCE MAY BE NEEDED BY EACH PROSPECTIVE RESIDENT. ON AVERAGE WESTMINSTER CANTERBURY ASSISTS 110 RESIDENTS WITH FINANCIAL AID DURING THE YEAR. 66190404 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 217 0 1 742 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARTIN KANE DIRECTOR OF FINANCE 8042646000 1600 WESTBROOK AVENUE RICHMOND VA 23227 ANGELA P PHELON CHAIR 1.00 4.00 X X 0 0 0 PETER S ALCORN TRUSTEE 1.00 4.00 X 0 0 0 BRIAN K BLOUNT TRUSTEE 1.00 4.00 X 0 0 0 THOMAS L BOWDEN JR TRUSTEE 1.00 4.00 X 0 0 0 PETER H BOWLES TRUSTEE 1.00 4.00 X 0 0 0 JENNIFER D BRITTON TRUSTEE 1.00 4.00 X 0 0 0 W LEE CHANEY TRUSTEE 1.00 4.00 X 0 0 0 P FREDERICK DUCKWORTH MD TRUSTEE 1.00 4.00 X 0 0 0 MARY D ELLISON TRUSTEE 1.00 4.00 X 0 0 0 THOMAS G HARDY III TRUSTEE 1.00 4.00 X 0 0 0 GEORGE C HOWELL III TRUSTEE 1.00 4.00 X 0 0 0 JAMES M KRESGE TRUSTEE 1.00 4.00 X 0 0 0 CHRISTOPHER M MICHALIK TRUSTEE 1.00 4.00 X 0 0 0 GRETA B PETERS TRUSTEE 1.00 4.00 X 0 0 0 ANNE H MCDONNELL TRUSTEE 1.00 4.00 X 0 0 0 HB TOM THOMSON TRUSTEE 1.00 4.00 X 0 0 0 THOMAS H TULLIDGE JR TRUSTEE 1.00 4.00 X 0 0 0 L BIRCK TURNBULL TRUSTEE 1.00 4.00 X 0 0 0 JOHN BURNS CEO 20.00 20.00 X 0 506159 62696 W RUSSELL GARDNER CFO & VICE PRESIDENT 10.00 30.00 X 0 361591 50012 WILLIAM H BLACKWELL VICE PRESIDENT 40.00 0.00 X 245438 0 38830 GAYLE HAGLUND VICE PRESIDENT 0.00 40.00 X 0 194098 32333 WINDLEY GRAVATT VICE PRESIDENT 0.00 40.00 X 0 88670 0 ROBERT MANN VICE PRESIDENT IT 0.00 40.00 X 0 163493 25881 STACEY NANNERY VICE PRESIDENT SALES AND MARKETING 0.00 40.00 X 0 148487 32120 JASON COLLINS VICE PRESIDENT FACILITIES MANAGEMENT 35.00 5.00 X 140298 0 24763 SHARON M POZNANCZYK DIRECTOR OF NURSING 40.00 0.00 X 175103 0 30995 KEVIN DAIGNAULT ADMINISTRATOR HOME HEALTH 40.00 0.00 X 168660 0 21938 MARTIN KANE DIRECTOR OF FINANCE 10.00 30.00 X 0 158983 27482 DEBRA JACOBSEN ADMINISTRATOR RESIDENTIAL 40.00 0.00 X 146679 0 41436 CHELSEA NAYLOR VICE PRESIDENT WORKFORCE SOLUTIONS 0.00 40.00 X 0 150632 30341 876178 1772113 418827 5 0 1 0 GILBANE-HENDERSON 7 JACKSON WALKWAY PROVIDENCE RI 02903 CONTRACTOR 26672246 SYSCO FOOD SERVICE OF VA 5081 SOUTH VALLEY PIKE HARRISONBURG VA 22801 FOOD SUPPLIER 2547659 EMERALD CONSTRUCTION 2219 DABNEY ROAD RICHMOND VA 23230 CONTRACTOR 1851131 COLONIAL WEBB CONTRACTORS 2820 ACKLEY AVENUE RICHMOND VA 22801 CONTRACTOR 1077266 SFCS INC 305 SOUTH JEFFERSON STREET ROANOKE VA 240112003 ARCHITECTS 878183 78 2775027 67626 2842653 RESIDENT SERVICES 623000 67700916 67700916 OTHER REVENUE 623000 6866772 6866772 74567688 2223933 2223933 63431828 13600 60495937 0 2935891 13600 2949491 2949491 82583765 74567688 0 5173424 4296988 4296988 284268 284268 21928153 20860770 1067383 26254 24636 1618 1713616 1607989 105627 14328436 13836116 492320 833 833 503595 503595 3566838 3566838 5528 5528 597801 597801 2277289 2136917 140372 44689 44689 3249205 3137563 111642 14027249 13545275 481974 10564 10564 2639789 2524258 115531 69501095 66190404 3310691 0 20151661 34455310 41888 66403 265361 724480 0 105361 88415 90854 740611 753718 367674530 211270645 145972033 156403885 59159625 66153023 72874507 82310034 149006597 157532987 448300698 498596055 12474469 30896457 120928810 128858545 190923814 188751958 17933590 21196025 342260683 369702985 X 91166139 113173956 14873876 15719114 106040015 128893070 448300698 498596055 X 13082670 13301771 -3531386 X X 0 1 X 1 0 X 2533705 3072689 2378656 3819831 2842653 14647534 67515228 69067145 68685868 68182587 74567688 348018516 70048933 72139834 71064524 72002418 77410341 362666050 0 0 0 362666050 1496222 1256670 1111205 1514511 2223933 7602541 1496222 1256670 1111205 1514511 2223933 7602541 -722401 -71540 -793941 71545155 73396504 71453328 73445389 79634274 369474650 0.98160 0.98480 0.02060 0.01740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14873876 2775027 1735877 3490666 15894114 19194028 3642357 -4320151 3642358 14873876 15626432 2123980 3898820 2455204 19194028 15393141 2412094 925325 3104128 15626432 15771362 1979890 299057 2657168 15393141 1.00000 0 0 9775179 9775179 280455078 150274399 130180679 26565607 25316684 1248923 49617225 34618834 14998391 1261441 1060728 200713 156403885 ALTERNATIVE INVESTMENTS 82310034 F 82310034 ASSETS LIMITED AS TO USE 32761682 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 2014584 DUE FROM RELATED PARTIES 10014478 CONSTRUCTION IN PROGRESS 112522243 DEFERRED MARKETING COSTS 220000 157532987 DUE TO RELATED PARTIES 8746922 OTHER LIABILITIES 258888 REFUNDABLE RESERVATION DEPOSITS 10630151 REFUNDABLE ADVANCE FEES 282147 OTHER CURRENT LIABILITIES 1277917 21196025 X 79435448 0 79435448 3148317 3148317 82583765 69501095 0 69501095 0 69501095 PART V, LINE 4: THESE FUNDS ARE USED BY THE ORGANIZATION TO SUPPORT FELLOWSHIP ASSISTANCE. THE FUNDS ARE MADE UP OF PECH, FELLOWSHIP AND BASKERVILLE/FINCH FUNDS. PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE ORGANIZATION IS IN RECEIPT OF FAVORABLE IRS DETERMINATION LETTERS WITH RESPECT TO THE TAX-EXEMPT STATUS OF THE ENTITY. SECTION 58-12.35 OF THE CODE OF VIRGINIA SPECIFICALLY EXEMPTS THE PROPERTY OF THE ORGANIZATION ONLY FROM STATE AND LOCAL TAXATION. THE ORGANIZATION FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THIS STANDARD DOES NOT HAVE A SIGNIFICANT IMPACT ON THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: TRANSFERS FROM WESTMINSTER-CANTERBURY FOUNDATION 2,775,027. RESTRICTED CONTRIBUTIONS 298,321. RESTRICTED INVESTMENT INCOME RESTRICTED REALIZED GAINS ON INVESTMENTS 74,969. NET ASSETS RELEASED FROM RESTRICTIONS - FELLOWSHIP ASSISTANCE CENTRAL AMERICA & CARIBBEAN 0 0 INVESTMENTS 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 PART III ACCOUNTING METHOD: 1 FELLOWSHIP PROGRAM-FINANCIAL ASSISTANCE TO ELDERLY FOR MONTHLY MAINTENANCE FEES, ENTRANCE FEES, MEDICAL SUPPLIES, DRUG EXPENSES, AND PHYSICIAN CO-PAYMENTS FOR A CONTINUING CARE RETIREMENT COMMUNITY. 95 4296988 PART I, LINE 2: SCHEDULE I PART 1, LINE 2: ALL FINANCIAL INFORMATION PROVIDED BY PROSPECTIVE RESIDENTS IS ANALYZED USING A SOFTWARE PROGRAM CALLED FINAID. THIS PROGRAM USES ACTUARIAL TABLES TO PROJECT HOW MUCH, IF ANY, FINANCIAL ASSISTANCE MAY BE NEEDED BY EACH PROSPECTIVE RESIDENT. THE ANALYSIS IS COMPLETED WITHOUT REGARD TO RACE OR RELIGION. WHEN FINANCIAL AID IS PROJECTED AS NECESSARY, SPECIFIC GUIDELINES ARE USED TO DETERMINE THE EXTENT TO WHICH THE ORGANIZATION WILL BE ABLE TO MEET THAT INDIVIDUAL'S NEED. EACH YEAR THE ORGANIZATION RETAINS AN ACTUARY TO DETERMINE THE ORGANIZATION'S FUTURE LIFETIME MONTHLY FINANCIAL OBLIGATION. IN THIS MANNER, THE ORGANIZATION CONFIRMS THE AVAILABILITY OF FUNDS SUFFICIENT TO SUPPORT THE NEEDS OF THE RESIDENTS FOR THE REST OF THEIR LIVES. X X X 0 0 0 0 0 0 0 0 0 JOHN BURNS CEO 0 383178 0 81741 0 41240 0 31494 0 31202 0 568855 0 0 W RUSSELL GARDNER CFO & VICE PRESIDENT 0 301174 0 51077 0 9340 0 23800 0 26212 0 411603 0 0 WILLIAM H BLACKWELL VICE PRESIDENT 209212 0 36226 0 0 0 14765 0 24065 0 284268 0 0 0 GAYLE HAGLUND VICE PRESIDENT 0 170973 0 23125 0 0 0 10514 0 21819 0 226431 0 0 SHARON M POZNANCZYK DIRECTOR OF NURSING 158705 0 16398 0 0 0 10703 0 20292 0 206098 0 0 0 KEVIN DAIGNAULT ADMINISTRATOR HOME HEALTH 153694 0 14966 0 0 0 1713 0 20225 0 190598 0 0 0 ROBERT MANN VICE PRESIDENT IT 0 144186 0 19307 0 0 0 12005 0 13876 0 189374 0 0 DEBRA JACOBSEN ADMINISTRATOR RESIDENTIAL 129224 0 17455 0 0 0 21113 0 20323 0 188115 0 0 0 MARTIN KANE DIRECTOR OF FINANCE 0 138016 0 13440 0 7527 0 7530 0 19952 0 186465 0 0 CHELSEA NAYLOR VICE PRESIDENT WORKFORCE SOLUTIONS 0 139546 0 11086 0 0 0 7835 0 22506 0 180973 0 0 STACEY NANNERY VICE PRESIDENT SALES AND MARKETING 0 130962 0 17525 0 0 0 11611 0 20509 0 180607 0 0 JASON COLLINS VICE PRESIDENT FACILITIES MANAGEMENT 140298 0 0 0 0 0 5670 0 19093 0 165061 0 0 0 PART I, LINE 3 AN OUTSIDE COMPANY IS ENGAGED EACH YEAR TO ADVISE ON ALL EMPLOYEES' COMPENSATION PACKAGES, INCLUDING THE CEO'S. THE ORGANIZATION AND COMPENSATION COMMITTEE OF THE BOARD REVIEWS THE RECOMMENDATIONS OF THE OUTSIDE COMPANY. A ECONOMIC DEVELOPMENT AUTHORITY OF HENRICO COUNTY VIRGINIA 541197472 42605QGH0 2018-12-12 42428714 REFINANCE OF 2010 & 2012 BONDS 0 0 0 B ECONOMIC DEVELOPMENT AUTHORITY OF HENRICO COUNTY VIRGINIA 541197472 42605QGZ0 2020-12-01 50504873 TO FINANCE AND REFINANCE THE COSTS ASSOCIATED WITH CERTAIN PROJECTS 0 0 0 C ECONOMIC DEVELOPMENT AUTHORITY OF HENRICO COUNTY VIRGINIA 541197472 42605QHP1 2022-04-28 106410610 TO FINANCE THE COSTS ASSOCIATED WITH CERTAIN PROJECTS 0 0 0 D ECONOMIC DEVELOPMENT AUTHORITY OF HENRICO COUNTY VIRGINIA 541197472 2022-04-28 95000000 TO FINANCE THE COSTS ASSOCIATED WITH CERTAIN PROJECTS 0 0 0 A 6920000 42428714 740213 39324787 1 0 1 1 B 50539139 763239 23881347 25641634 252919 2023 1 0 0 1 C 109315910 10086413 1292925 71892447 26044125 0 0 1 1 D 95000000 386000 94614000 0 0 0 1 A 0 1 0 0 0 0 1 B 0 1 0 0 0 0 1 C 0 1 0 0 0 0 1 D 0 1 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 0 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 1 0 0 0 1 A 1 B 1 C 1 D 1 PART II, LINE 3, COLUMN B TOTAL PROCEEDS ISSUED HAS BEEN INCREASED TO INCLUDE CUMULATIVE INVESTMENT INCOME AT SEPTEMBER 30, 2023 OF $34,266. PART II, LINE 3, COLUMN C TOTAL PROCEEDS OF ISSUE HAS BEEN INCREASED TO INCLUDE CUMULATIVE INVESTMENT INCOME AT SEPTEMBER 30, 2023 OF $2,905,300. FORM 990, PART VI, SECTION A, LINE 6 WESTMINSTER-CANTERBURY MANAGEMENT CORPORATION, A RELATED TAX-EXEMPT ORGANIZATION, IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A WESTMINSTER-CANTERBURY MANAGEMENT CORPORATION, A RELATED TAX-EXEMPT ORGANIZATION, IS THE SOLE MEMBER OF THE ORGANIZATION. AS THE SOLE MEMBER, WCMC HAS THE POWER TO APPOINT ONE OR MORE OF THE MEMBERS OF THE BOARD OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS ARE RESERVED FOR WESTMINSTER-CANTERBURY MANAGEMENT, THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 RETURN IS REVIEWED BY THE AUDIT COMMITTEE, ONCE APPROVED BY THE AUDIT COMMITTEE, THE COMPLETE FORM 990 IS MADE AVAILABLE TO ALL THE MEMBERS OF THE GOVERNING BOARD FOR APPROVAL PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD MEMBERS FILL OUT A CONFLICT OF INTEREST STATEMENT. IF THERE ARE ANY CONFLICTS, CONFLICTED BOARD MEMBERS EXCUSE THEMSELVES FROM ANY PART OF THE DISCUSSION AND VOTE RELATED TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 AN OUTSIDE COMPANY IS ENGAGED EACH YEAR TO ADVISE ON ALL EMPLOYEES' COMPENSATION PACKAGES, INCLUDING THE CEO'S. THE ORGANIZATION AND COMPENSATION COMMITTEE OF THE BOARD REVIEWS THE RECOMMENDATIONS OF THE OUTSIDE COMPANY. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN PLAN ASSETS AND BENEFICIAL INTEREST 135,898. OTHER -176,618. PAYMENT OF ADVANCE FEES -884,421. NET ASSETS RELEASED AND USED IN OPERATIONS -2,606,245. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR AUDITOR SELECTION PROCESS DURING THE TAX YEAR. WESTMINSTER CANTERBURY FOUNDATION 1600 WESTBROOK AVENUE RICHMOND VA 23227 521189655 PROVIDE FUNDRAISING FOR THE BENEFIT OF A NON PROFIT RETIRMENT COMMUNITY VA 501(C)(3) LINE 8 WESTMINSTER CANTERBURY MANAGEMENT CORPORATION 0 THE GLEBE OF RICHMOND 1600 WESTBROOK AVENUE RICHMOND VA 23227 541552745 OPERATE AND MAINTAIN A CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY VA 501(C)(3) LINE 10 WESTMINSTER CANTERBURY MANAGEMENT CORPORATION 0 WESTMINSTER CANTERBURY MANAGEMENT CORPORATION 1600 WESTBROOK AVENUE RICHMOND VA 23227 541553651 PROVIDE MANAGEMENT SERVICES TO WESTMINSTER CANTERBURY CORPORATION VA 501(C)(3) LINE 12A, I 0 WESTMINSTER CANTERBURY CHILD CARE 1600 WESTBROOK AVENUE RICHMOND VA 23227 541552747 PROVIDE CHILD CARE SERVICES VA 501(C)(3) LINE 10 WESTMINSTER CANTERBURY MANAGEMENT CORPORATION 0 WESTMINSTER-CANTERBURY DEVELOPMENT CORPORATION 1600 WESTBROOK AVENUE RICHMOND VA 23227 821783172 SUPPORT & EXTEND THE CHARITABLE MISSION OF WMC VA 501(C)(3) LINE 10 WESTMINSTER CANTERBURY MANAGEMENT CORPORATION 0 0 1 1 1 1 0 0 0 0 1 0 0 1 1 1 1 1 0 0