2024-08-14T20:57:07-05:00 2023-09-30 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2022-10-01 873737198 SENIOR OPTIONS COMMUNITY SENI 7574961740 3100 SHORE DRIVE VIRGINIA BEACH VA 23451 DAVID B MYERS CFO 7574961740 2024-08-13 1 0 KATHERINE A WARLICK P02065266 7049985200 2024-08-05 2022 2024-08-08 14:25:15Z OPUS SELECT J BENJAMIN UNKLE JR 3100 SHORE DRIVE VIRGINIA BEACH VA 23451 4836201 0 X WWW.SENIOROPTIONS.NET X 2021 VA TO OPERATE AN INDEPENDENT LIVING FACILITY FOR ADULTS AGED 62 AND OLDER 3 3 0 3 0 0 0 0 3439571 4836051 0 0 0 150 3439571 4836201 0 0 0 0 309460 355419 0 0 0 3334857 5138896 3644317 5494315 -204746 -658114 69228515 68611456 69433261 69474316 -204746 -862860 TO OPERATE AN INDEPENDENT LIVING FACILITY FOR ADULTS AGED 62 AND OLDER, 0 0 4285461 4836201 SENIOR OPTIONS COMMUNITY DBA OPUS SELECT WAS INCORPORATED IN SEPTEMBER, 2021 AS A NONPROFIT VIRGINIA NONSTOCK CORPORATION, THE SOLE MEMBER OF WHICH IS WESTMINSTER-CANTERBURY. SENIOR OPTIONS COMMUNITY, GOVERNED BY A BOARD OF DIRECTORS APPOINTED BY THE BOARD OF TRUSTEES OF WESTMINSTER-CANTERBURY, IS A SELF-SUPPORTING, TAX-EXEMPT ORGANIZATION. SENIOR OPTIONS COMMUNITY WAS ORGANIZED FOR CHARITABLE AND RELIGIOUS PURPOSES, INCLUDING PROVIDING HOUSING AND HEALTH CARE TO OLDER ADULTS. DURING FISCAL YEAR 2022/2023, AN AVERAGE OF 213 RESIDENTS LIVED IN THE COMMUNITY. 4285461 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DAVID B MYERS - CFO 7574961778 3100 SHORE DRIVE VIRGINIA BEACH VA 23451 X RICHARD C BURROUGHS TRUSTEE 1.00 1.00 X 0 0 0 LISA B SMITH TRUSTEE 1.00 1.00 X 0 0 0 RON RIPLEY TRUSTEE 1.00 1.00 X 0 0 0 J BENJAMIN UNKLE JR PRESIDENT/CEO 1.00 39.00 X 0 642844 32506 DAVID MYERS CFO/ASSISTNANT TREASURER 1.00 39.00 X 0 268580 16255 0 911424 48761 0 0 1 0 0 RESIDENT SERVICE FEES 623000 4836051 4836051 4836051 MISCELLANEOUS 900099 150 150 150 4836201 4836201 0 0 248125 204004 44121 44830 39331 5499 39511 34665 4846 22953 20138 2815 193478 193478 5331 5331 199468 144254 55214 128795 63436 65359 6641 3952 2689 18725 18725 816761 589660 227101 11 7 4 690 411 279 1391843 1391843 1900167 1468427 431740 256660 256660 OTHER EXPENSES 167832 99870 67962 SUPPLIES 42394 25228 17166 FOOD COSTS 5306 5306 EMPLOYEE RELATED EXP 4794 1451 3343 5494315 4285461 1208854 0 872137 1605684 16936 31904 148193 311292 69389067 2849120 68191249 66539947 0 122629 69228515 68611456 21019871 21068793 48382118 48386160 31272 19363 69433261 69474316 X -204746 -862860 -204746 -862860 69228515 68611456 -658114 0 X X 0 1 X 1 0 X 3439571 4836051 8275622 3439571 4836051 8275622 0 0 0 8275622 150 150 3439571 4836201 8275772 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2022 AMOUNT: $ 150. SCHEDULE A, PART III THE 2020 TAX YEAR WAS A SHORT PERIOD YEAR BEGINNING ON SEPTEMBER 18, 2021 -- THE DAY OF INCORPORATION -- AND ENDING ON SEPTEMBER 30, 2021. DURING THIS SHORT PERIOD, THE ORGANIZATION DID NOT HAVE ANY ACTIVITY TO REPORT. 2520473 229978 2750451 3185535 -665062 2520473 2763373 422162 3185535 2595611 167762 2763373 2587874 7737 2595611 0.02900 0.81890 0.15210 0 1 1 6900000 6900000 62159531 2835609 59323922 50057 13511 36546 279479 279479 66539947 PREPAID RENT 19666 SECURITY DEPOSIT -303 19363 X PART V, LINE 4: TO SUPPORT THE MISSION OF WESTMINSTER-CANTERBURY ON CHESAPEAKE BAY AND RELATED ENTITIES. PART X, LINE 2: SENIOR OPTIONS COMMUNITY IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). SENIOR OPTIONS COMMUNITY FILES AS A TAX-EXEMPT ORGANIZATION. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THE TAX-EXEMPT STATUS OF SENIOR OPTIONS COMMUNITY. MANAGEMENT IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES FOR SENIOR OPTIONS COMMUNITY. SENIOR OPTIONS COMMUNITY HAS ADOPTED GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE IMPLEMENTATION HAS HAD NO IMPACT ON THE SENIOR OPTIONS COMMUNITY'S FINANCIAL STATEMENTS. 0 1 0 0 1 0 1 0 0 J BENJAMIN UNKLE JR PRESIDENT/CEO 0 407914 0 169250 0 65680 0 11267 0 21239 0 675350 0 0 DAVID MYERS CFO/ASSISTNANT TREASURER 0 229367 0 36071 0 3142 0 10618 0 5637 0 284835 0 0 PART I, LINE 1B APPROVED EXPENSE REPORT ALONG WITH SUPPORTING RECEIPTS MUST BE SUBMITTED PRIOR TO REIMBURSEMENT. PART I, LINE 3 THE POLICY OF THE ORGANIZATION IS TO SET COMPENSATION AT MARKET PAY FOR ALL EMPLOYEES WHO ARE FULLY COMPETENT IN THEIR POSITIONS. MARKET PAY IS DETERMINED BY INDEPENDENT, OUTSIDE EXPERTS. ADDITIONALLY, A SUBSTANTIAL PORTION OF THE PRESIDENT AND CEO'S COMPENSATION IS AT-RISK PAY LINKED TO SPECIFIC GOALS AND RESULTS. ADDITIONALLY, THE BOARD PROVIDES A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) FOR THE CEO CONTINGENT IN PART UPON LONGEVITY OF EMPLOYMENT TO ENCOURAGE RETENTION. TO DETERMINE COMPENSATION FOR THE PRESIDENT AND CEO, THE BOARD'S EXECUTIVE COMMITTEE, ACTING AS A PERSONNEL COMMITTEE, ENGAGES AN INDEPENDENT CONSULTANT WHO SPECIALIZES IN EXECUTIVE COMPENSATION. THE INDEPENDENT CONSULTANT PROVIDES THE EXECUTIVE COMMITTEE COMPENSATION DATA REPRESENTING COMPARABLE POSITIONS IN ORGANIZATIONS OF SIMILAR INDUSTRIES WITH SIMILAR REVENUE AND BUDGET SIZE. THE EXECUTIVE COMMITTEE USES THIS INFORMATION AND THE RECOMMENDATIONS OF THE INDEPENDENT CONSULTANT AS THE BASIS FOR SETTING COMPENSATION. PART I, LINE 4B INCLUDED IN THE COMPENSATION OF J. BENJAMIN UNKLE, JR. IS $68,169 FROM A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). FOR DETAILS OF HOW THE ORGANIZATION SETS COMPENSATION, PLEASE SEE THE DESCRIPTION IN THE NOTE FOR PART I, LINE 3. PART I, LINE 5 SOME OF THE MANAGEMENT STAFF'S BONUSES ARE CONTINGENT ON HITTING CERTAIN TARGETED REVENUE AMOUNTS. PART I, LINE 6 SOME OF THE MANAGEMENT STAFF'S COMPENSATION IS AT-RISK PAY DRIVEN BY A BALANCED SCORECARD TO INCLUDE FINANCIAL PERFORMANCE, QUALITY METRICS, AND SATISFACTION OF CONSTITUENTS SERVED IN ACHIEVING OUR MISSION. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S SOLE MEMBER, WESTMINSTER CANTERBURY ON CHESAPEAKE BAY, HAS THE POWER TO ELECT OR REMOVE ALL MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND A COPY OF THE RETURN, SUBSEQUENT TO THAT REVIEW, IS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES IN LEADERSHIP POSITIONS AND INDIVIDUALS WHO SERVE ON THE BOARD OF TRUSTEES ARE ASKED TO READ OUR CONFLICT OF INTEREST POLICY AND COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. IF ANY POTENTIAL CONFLICTS ARE DISCLOSED IN THE ANNUAL QUESTIONNAIRE, THE SITUATION IS REVIEWED WITH THE PRESIDENT AND THE CHAIR OF THE BOARD. IF NECESSARY, BOARD MEMBERS RECUSE THEMSELVES FROM VOTING IF THERE IS A POSSIBILITY OF A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE POLICY OF THE ORGANIZATION IS TO SET COMPENSATION AT MARKET PAY FOR ALL EMPLOYEES WHO ARE FULLY COMPETENT IN THEIR POSITIONS. MARKET PAY IS DETERMINED BY INDEPENDENT, OUTSIDE EXPERTS. ADDITIONALLY, A SUBSTANTIAL PORTION OF THE PRESIDENT AND CEO'S COMPENSATION IS AT-RISK PAY LINKED TO SPECIFIC GOALS AND RESULTS. ADDITIONALLY, THE BOARD PROVIDES A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) FOR THE CEO TO ENCOURAGE RETENTION. TO DETERMINE COMPENSATION FOR THE PRESIDENT AND CEO, THE BOARD'S EXECUTIVE COMMITTEE, ACTING AS A PERSONNEL COMMITTEE, ENGAGES AN INDEPENDENT CONSULTANT WHO SPECIALIZES IN EXECUTIVE COMPENSATION. THE INDEPENDENT CONSULTANT PROVIDES THE EXECUTIVE COMMITTEE COMPENSATION DATA REPRESENTING COMPARABLE POSITIONS IN ORGANIZATIONS OF SIMILAR INDUSTRIES WITH SIMILAR REVENUE AND BUDGET SIZE. THE EXECUTIVE COMMITTEE USES THIS INFORMATION AND THE RECOMMENDATIONS OF THE INDEPENDENT CONSULTANT SERVE AS A BASIS FOR SETTING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, DESCRIPTION OF HOURS FOR RELATED ORGANIZATIONS OFFICERS AND KEY EMPLOYEES LISTED ON PART VII WORK AN AVERAGE OF 40 HOURS PER WEEK. THEIR TIME IS SHARED BETWEEN THE FILING ORGANIZATION AND OTHER RELATED ENTITIES LISTED ON SCHEDULE R. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR THE SELECTION PROCESS DURING THE FILING YEAR. THE BALLENTINE HOME CORPORATION 3100 SHORE DRIVE VIRGINIA BEACH VA 23505 541327568 SUPPORT THE MISSION OF WESTMINSTER-CANTERBURY ON CHESAPEAKE BAY VA 501(C)(3) 509(A)(3), TYPE 1 WCCB 0 WESTMINSTER-CANTERBURY ON CHESAPEAKE BAY 3100 SHORE DRIVE VIRGINIA BEACH VA 23451 541071734 SERVICES TO OLDER ADULTS VA 501(C)(3) 509(A)(2) N/A 0 WESTMINSTER-CANTERBURY ON CHESAPEAKE BAY FOUNDATION 3100 SHORE DRIVE VIRGINIA BEACH VA 23451 541666603 SUPPORT THE MISSION OF WESTMINSTER-CANTERBURY ON CHESAPEAKE BAY VA 501(C)(3) 170(A)(1)(B)(VI) WCCB 0 LYNNHAVEN FISHING PIER CORPORATION 3100 SHORE DRIVE VIRGINIA BEACH VA 23451 540612526 REAL ESTATE HELD FOR WESTMINSTER CANTERBURY VA WCCB S 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0