2025-11-17T10:11:20-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-01-01 521266582 WESTMINSTER CANTERBURY OF WINCHESTER INC WEST 5406650156 300 WESTMINSTER CANTERBURY DRIVE WINCHESTER VA 22603 DUANE A WERNECKE CFO 5406650156 2025-11-14 1 1 KERRI N BOGDA P00760402 7177404863 2025-11-14 2024 2025-03-06 01:10:19Z SHENANDOAH VALLEY WESTMINSTER-CANTERBURY GLORIA J SHILEY 300 WESTMINSTER CANTERBURY DRIVE WINCHESTER VA 22603 39749664 0 X WWW.SVWC.ORG X 1982 VA ENABLING RESIDENTS TO USE THEIR GIFTS FULLY, LIVE LIVES RICHLY, & ENJOY THE YEARS GOD HAS GIVEN. 19 19 448 35 0 0 83111 406664 32353834 35451571 1321302 2134015 0 748336 33758247 38740586 0 39870 0 0 17316008 19047886 0 0 282764 16021579 19160153 33337587 38247909 420660 492677 225185742 272360316 188366346 229984190 36819396 42376126 X WESTMINSTER CANTERBURY OF WINCHESTER, INC. ("SVWC") IS A NOT-FOR-PROFIT, INTIMATE, CHURCH RELATED CONTINUING CARE RETIREMENT COMMUNITY THAT IS COMMITTED TO ENABLING RESIDENTS TO USE THEIR GIFTS FULLY, LIVE THEIR LIVES RICHLY, AND ENJOY WITH DIGNITY THE YEARS GOD HAS GIVEN THEM. 0 0 33498300 39870 35451571 SHENANDOAH VALLEY WESTMINSTER CANTERBURY ("SVWC") IS A NOT-FOR-PROFIT, NONSTOCK CORPORATION UNDER THE LAWS OF THE COMMONWEALTH OF VIRGINIA. SVWC OPERATES A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) IN WINCHESTER, VIRGINIA WHICH INCLUDES 160 INDEPENDENT LIVING (IL) APARTMENT UNITS; 53 IL COTTAGE UNITS; 97 IL UNITS IN 10 HYBRID STRUCTURES (48 OF WHICH WERE COMPLETED AND PLACED IN SERVICE IN OCTOBER AND NOVEMBER 2023 AND 49 OF WHICH WERE COMPLETED AND PLACED IN SERVICE IN DECEMBER 2024 AND JANUARY 2025) (THE VILLAS); 60 LICENSED ASSISTED LIVING (AL) UNITS, 12 OF WHICH ARE DEDICATED MEMORY CARE (MC) UNITS; 51 SKILLED NURSING (SN) BEDS; AND VARIOUS COMMON AREAS AND AMENITIES. SVWC'S PRIMARY SERVICE AREA INCLUDES WINCHESTER, VIRGINIA AND SURROUNDING COMMUNITIES IN FREDERICK COUNTY, VIRGINIA.IN ADDITION TO SERVING RESIDENTS OF SVWC, THE CORPORATION PROVIDES MEETING SPACE FOR LOCAL NON-PROFITS AND CIVIC ORGANIZATIONS; HOSTS CERTAIN COMMUNITY EVENTS; DONATES MEDICAL SUPPLIES TO THE LOCAL FREE MEDICAL CLINIC; BUILDING SUPPLIES TO HABITAT FOR HUMANITY; PURCHASES AND PROVIDES BED LINENS FOR THE WINCHESTER AREA TEMPORARY THERMAL SHELTER DURING WINTER MONTHS; AND PROVIDES FUNDING TO MANY COMMUNITY AND NATIONAL ORGANIZATIONS. SVWC PROVIDES CARE TO RESIDENTS WHO MEET CERTAIN CRITERIA AT AMOUNTS LESS THAN ITS ESTABLISHED RATES. BECAUSE SVWC DOES NOT PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY AS BENEVOLENT CARE, THEY ARE NOT REPORTED AS REVENUES. SVWC MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF BENEVOLENT CARE IT PROVIDES. CHARGES FORGONE, BASED ON ESTABLISHED RATES, FOR SERVICES RENDERED WERE APPROXIMATELY $346,000 IN 2024 AND $499,000 IN 2023. THESE AMOUNTS ARE NOT MATERIALLY DIFFERENT THAN THE DIFFERENCE BETWEEN THE COST OF PROVIDING SERVICES TO RESIDENTS THAT QUALIFIED FOR BENEVOLENT CARE AND THE AMOUNTS THESE RESIDENTS WERE ABLE TO PAY FOR SERVICES RENDERED. 33498300 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 53 0 448 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X DUANE WERNECKE PRESIDENT CEO 5406785917 300 WESTMINSTER CANTERBURY DRIVE WINCHESTER VA 22603 REV DAN MCCOIG CHAIRMAN 1.00 1.00 X X 0 0 0 CINDIA STEWART PHD VICE CHAIR 1.00 0.00 X X 0 0 0 R ROB BOYD TREASURER/SECRETARY 1.00 0.00 X X 0 0 0 MARTIN TABAKA BOARD MEMBER 1.00 0.00 X 0 0 0 PAT KOFALT BOARD MEMBER 1.00 0.00 X 0 0 0 JEFFREY M WEBBER BOARD MEMBER 1.00 0.00 X 0 0 0 COURTNEY WARNER BOARD MEMBER 1.00 0.00 X 0 0 0 SUSAN KAGEY CFP BOARD MEMBER 1.00 1.00 X 0 0 0 JOHN DORSEY BOARD MEMBER 1.00 0.00 X 0 0 0 PATRICIA BARNES BOARD MEMBER 1.00 0.00 X 0 0 0 LINDA GIBSON BOARD MEMBER 1.00 0.00 X 0 0 0 DONALD GANSKE BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN H ARMSTRONG BOARD MEMBER 1.00 0.00 X 0 0 0 MARK LORING BOARD MEMBER 1.00 0.00 X 0 0 0 CLARE MONAHAN DAME BOARD MEMBER 1.00 0.00 X 0 0 0 LIBBA PENDLETON BOARD MEMBER 1.00 0.00 X 0 0 0 CARRIE DECKER BOARD MEMBER 1.00 0.00 X 0 0 0 SYLVIA WILSON BOARD MEMBER 1.00 0.00 X 0 0 0 BOB PUTTOCK BOARD MEMBER 1.00 0.00 X 0 0 0 MRS GLORIA J SHILEY PRESIDENT/CEO 39.00 1.00 X 376484 0 46167 DUANE A WERNECKE CFO 39.00 1.00 X 227092 0 52888 CHANDA PALMER CHIEF OPERATING OFFICER 39.00 1.00 X 201919 0 38274 JOHN FERRULLI DIRECTOR OF IT 40.00 0.00 X 172344 0 20992 MICHELLE THOMAS DIRECTOR OF HEALTH SERVICES 40.00 0.00 X 156537 0 17625 CYNTHIA HUNTER DIRECTOR, HUMAN SERVICES 40.00 0.00 X 145682 0 24829 SHERRY HUDSON DIRECTOR, FOUNDATION AND MKTG 40.00 0.00 X 120074 0 37329 PAIGE PATTERSON MEDICAL DIRECTOR 40.00 0.00 X 223626 0 21306 1623758 0 259410 11 0 1 0 WARFEL CONSTRUCTION 1110 ENTERPRISE ROAD EAST PETERSBURG PA 17520 VILLA CONSTRUCTION 35277048 CARROLL CONSTRUCTION 283 EBERT ROAD WINCHESTER VA 22603 APARTMENT RENOVATIONS 1986538 CORPORATE INTERIOR CONSULTING 115 OLD FOREST CIRCLE WINCHESTER VA 22602 INTERIOR DESIGN 1233028 TUSTIN MECHANICAL SERVICES 2105 ASHBURN CROSSING DR SUITE 110 ASHBURN VA 20147 MECHANICAL REPAIRS AND MAINTENANCE 386455 SFCS 305 SOUTH JEFFERSON STREET ROANOKE VA 24011 ARCHITECTS 381199 17 392327 14337 406664 RESIDENT SERVICES 623000 27855950 27855950 AMORTIZED FEES 623000 7595621 7595621 35451571 1610037 1610037 22320 1315 21005 21005 21005 1492196 968218 523978 523978 523978 26414 39545 -13131 -13131 CAPTIVE INSURANCE REF. 900099 397610 397610 BISTRO REVENUE 900099 119938 119938 SALON REVENUE 900099 111842 111842 111072 111072 740462 38740586 35451571 0 2882351 39870 39870 942824 942824 14726827 13061958 1450879 213990 394890 356825 31890 6175 1829715 1630384 171118 28213 1153630 992452 145547 15631 39531 39531 314 314 86978 86978 1179553 667502 512051 454204 386664 67540 596967 487441 97267 12259 393162 393162 2106628 2089088 17540 81951 60353 21564 34 2697274 2697274 8858001 8858001 392973 12251 380722 DIETARY EXPENSES 1631560 1630379 1181 MEDICAL SUPPLIES 298687 298687 RESIDENT ACTIVITIES 69973 69973 SEMINARS, TRAINING 55233 55233 217164 103965 107918 5281 38247909 33498300 4466845 282764 45970 58914 3656892 5052366 671553 699858 5218740 9945020 31151 41527 861108 410185 278349438 98858469 149978664 179490969 29465820 44540858 12073242 13166803 23182602 18953816 225185742 272360316 9867168 6485281 77877778 97477405 93594991 117744092 7026409 8277412 188366346 229984190 X 24684118 29141302 12135278 13234824 36819396 42376126 225185742 272360316 X 492677 1747478 3316575 X 0 1 X 1 0 X 228549 333006 155800 83111 406664 1207130 27384844 29982211 29212518 32353834 35451571 154384978 27613393 30315217 29368318 32436945 35858235 155592108 0 0 0 155592108 915812 654185 811067 1238929 1632357 5252350 915812 654185 811067 1238929 1632357 5252350 766876 766876 28529205 30969402 30179385 33675874 38257468 161611334 0.96280 0.96950 0.03250 0.03050 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: BISTRO REVENUE - 2024 AMOUNT: $ 119,938. SALON REVENUE - 2024 AMOUNT: $ 111,842. OUTSIDE FUNCTIONS REVENUE - 2024 AMOUNT: $ 55,049. MISC REVENUE - 2024 AMOUNT: $ 13,304. CAPTIVE INSURANCE REFUND - 2024 AMOUNT: $ 397,610. CAPTIVE DIVIDEND - 2024 AMOUNT: $ 42,719. GIFT SHOP REVENUE - 2024 AMOUNT: $ 26,414. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 314 314 0 PART II-B, LINE 1: THE ORGANIZATION PAYS DUES TO ASSOCIATIONS WHICH ADVOCATE FOR SENIOR CITIZEN CARE COMMUNITIES. A PORTION OF THESE DUES IS ATTRIBUTABLE TO LOBBYING. 63402 5984 69386 55568 7834 63402 52839 5000 -2271 55568 46293 6546 52839 40620 5673 46293 0.00000 0.53180 0.46820 0 0 3266459 3266459 213975798 81030050 132945748 23174824 14393648 8781176 37932357 3434771 34497586 179490969 RESIDENT DEPOSITS 12500788 INTEREST RATE SWAP 3664990 HEALTH FUND LONG TERM 294158 INTERCOMPANY RECEIVABLE 43251 DEFERRED SALARY 2061318 CAPTIVE PROGRAMS 389311 18953816 RESIDENT DEPOSITS 1541103 REFUNDABLE ADVANCE ADMISSION DEPOSIT 4107331 CURRENT PORTION OF REFUNDABLE ENTRANCE FEES 567660 DEFERRED SALARY PAYABLE 2061318 8277412 PART V, LINE 4: EARNINGS OF THE ENDOWMENT FUNDS CAN BE USED BY THE ORGANIZATION'S ADMINISTRATION TO THE BENEFIT OF THE ORGANIZATION. 1 THE KIDS CLUBS OF NORTHERN SHENANDOAH VALLEY 2400 ROOSEVELT BLVD WINCHESTER VA 22601 541810019 501(C)(3) 5454 0 GENERAL OPERATIONS WINCHESTER AREA TEMPORARY TRANSITIONAL SHELTER (WATTS) 117 W BOSCAWEN ST STE 208 WINCHESTER VA 22601 501(C)(3) 6500 0 GENERAL OPERATIONS 2 0 PART I, LINE 2: THE ORGANIZATION PROVIDES GRANTS TO ITS RELATED ORGANIZATION. THE FILING ORGANIZATION AND ITS RELATED ORGANIZATION SHARE A COMMON ACCOUNTING SYSTEM AND NO MONITORING OF THE DISBURSED FUNDS IS NECESSARY. X X X X X 0 0 0 0 0 0 0 1 0 MRS GLORIA J SHILEY PRESIDENT/CEO 306501 0 58999 0 10984 0 10350 0 35817 0 422651 0 0 0 DUANE A WERNECKE CFO 203054 0 24038 0 0 0 10350 0 42538 0 279980 0 0 0 PAIGE PATTERSON MEDICAL DIRECTOR 219626 0 4000 0 0 0 10350 0 10956 0 244932 0 0 0 CHANDA PALMER CHIEF OPERATING OFFICER 182851 0 19068 0 0 0 8521 0 29753 0 240193 0 0 0 JOHN FERRULLI DIRECTOR OF IT 172344 0 0 0 0 0 8135 0 12857 0 193336 0 0 0 MICHELLE THOMAS DIRECTOR OF HEALTH SERVICES 156537 0 0 0 0 0 7364 0 10261 0 174162 0 0 0 CYNTHIA HUNTER DIRECTOR, HUMAN SERVICES 145682 0 0 0 0 0 7073 0 17756 0 170511 0 0 0 SHERRY HUDSON DIRECTOR, FOUNDATION AND MKTG 120074 0 0 0 0 0 5168 0 32161 0 157403 0 0 0 PART I, LINE 3 COMPENSATION FOR THE CEO IS REVIEWED ANNUALLY AND COMPARED TO INDUSTRY STANDARDS BY SVWC'S COMPENSATION CONSULTANT AND BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. COMPENSATION FOR ALL SENIOR MANAGEMENT IS REVIEWED BY THE CEO, DIRECTORS, AND HR, AND AN INDUSTRY SALARY CONSULTANT ON A QUARTERLY OR SEMI-ANNUAL BASIS. DOCUMENTATION ON DELIBERATION AND DECISION IS CONTAINED ON EITHER THE CEO'S COMPUTER FILES OR DIRECTOR OF HR'S COMPUTER FILES. PART I, LINE 7 IN 2021, SVWC ESTABLISHED A MANAGEMENT INCENTIVE PLAN (MIP), WHICH WAS APPROVED BY SVWC'S BOARD OF TRUSTEES. THE MIP CONTAINS SEVERAL FINANCIAL RATIOS AND OTHER GOALS THAT MANAGEMENT MUST MEET TO QUALIFY. THE METHODS TO DETERMINE THE FINANCIALS GOALS ARE DETERMINED BY METHODS THAT ARE NOT PROHIBITED BY IRS RULES. A EDA OF THE CITY OF WINCHESTER VA 521232253 NONEAVAIL 2021-05-12 30388088 REFUND OF THE 2014 TAX-EXEMPT BONDS AND FINANCE COSTS OF CURRENT BOND 0 0 0 B EDA OF THE CITY OF WINCHESTER VA 521232253 NONEAVAIL 2022-07-15 71000000 FINANCE COSTS OF EXPANSION PROJECT AND AMOUNTS REQUIRED FOR ISSUANCE COSTS 0 0 0 C EDA OF THE CITY OF WINCHESTER VA 521232253 NONEAVAIL 2023-10-25 52500000 TO FINANCE A PORTION OF THE COSTS OF AN EXPANSION PROJECT 0 0 0 A 7010413 30388088 195562 30192526 1 0 1 1 B 20000000 71000000 858250 61552966 8588784 2024 0 0 1 1 C 52500000 706247 44112779 7680974 2024 0 0 1 1 A 0 1 0 0 0.00300 0.00000 0.00300 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 1 ATLANTIC UNION PUBL 11.000000000000 0 0 0 0 1 B 0 1 0 0 1 1 ATLANTIC UNION PUBL 10.500000000000 0 0 0 0 1 C 0 1 0 0 1 1 ATLANTIC UNION PUBL 10.000000000000 0 0 0 0 1 A 0 B 0 C 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR AND VICE-CHAIR OF THE BOARD ALONG WITH THE CHAIRS OF THE FINANCE COMMITTEE, PROPERTY AND PLANNING COMMITTEE, AND THE RESIDENT SERVICES COMMITTEE, ALL OF WHOM MUST BE MEMBERS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE HAS THE POWERS OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT ELECTRONICALLY DISTRIBUTES THE FEDERAL FORM 990 PRIOR TO FILING WITH THE IRS. QUESTIONS AND/OR CONCERNS BY THE ORGANIZATION'S OFFICERS AND BOARD MEMBERS MAY BE FILED ELECTRONICALLY WITH A MANAGEMENT REPRESENTATIVE. DISCUSSIONS CONCERNING THE FORM 990 ARE ALSO ENTERTAINED AT THE NEXT AVAILABLE BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS MUST ATTEST THAT THEY DO NOT VIOLATE SVWC'S CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. CONFLICT OF INTEREST POLICY FORMS UST BE COMPLETED AT THE ANNUAL BOARD MEETING IN MAY OF EACH YEAR. SVWC'S EXECUTIVE ASSISTANT MAINTAINS THE FORMS AND ENSURES THAT ALL BOARD MEMBERS, CORPORATE OFFICERS AND MANAGEMENT HAVE SIGNED EACH YEAR. IF A CONFLICT IS FOUND TO EXIST, THE AFFECTED BOARD MEMBER IS ASKED TO ABSTAIN FROM SERVING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO IS REVIEWED ANNUALLY AND COMPARED TO INDUSTRY STANDARDS BY SVWC'S COMPENSATION CONSULTANT AND BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION FOR ALL SENIOR MANAGEMENT IS REVIEWED BY SVWC'S CEO, DIRECTOR OF HR, AND BY AN INDUSTRY SALARY CONSULTANT ON A QUARTERLY OR SEMI-ANNUAL BASIS. DOCUMENTATION ON DELIBERATION AND DECISION IS CONTAINED ON EITHER CEO'S COMPUTER FILES OR DIRECTOR OF HR'S COMPUTER FILES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION A, LINE 1A: THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR AND VICE-CHAIR OF THE BOARD ALONG WITH THE CHAIRS OF THE FINANCE COMMITTEE, PROPERTY & PLANNING COMMITTEE, AND THE RESIDENT SERVICES COMMITTEE ALL OF WHOM MUST BE MEMBERS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE HAS THE POWERS OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST IN NET ASSETS OF AFFILIATE 1,529,521. UNREALIZED GAINS ON INTEREST RATE SWAPS 2,530,294. NET ASSETS RELEASED FROM RESTRICTION -431,435. FINANCIAL ASSISTANCE FROM FOUNDATION NET WITH EXPENSES -311,805. SHENANDOAH VALLEY WESTMINSTER-CANTERBURY FOUNDATION 300 WESTMINSTER-CANTERBURY DR WINCHESTER VA 22603 474751000 SUPPORTING ORGANIZATION VA 501(C)(3) LINE 12A, I WESTMINSTER CANTERBURY OF WINCHESTER 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 SHENANDOAH VALLEY WESTMINSTER-CANTERBURY FOUNDATION C 392327 COST SHENANDOAH VALLEY WESTMINSTER-CANTERBURY FOUNDATION O 302458 CASH