2025-08-05T10:25:12-05:00 2024-09-30 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2023-10-01 237162493 WESTMINSTER CANTERBURY CORPORATION WEST 8042646000 1600 WESTBROOK AVENUE RICHMOND VA 232273337 W RUSSELL GARDNER VP & CHIEF FINANCIAL OFFICER 8042646000 2025-08-04 1 1 KATHRINE A WARLICK P02065266 7049985200 2025-08-04 2023 2025-03-06 01:10:19Z W RUSSELL GARDNER 1600 WESTBROOK AVENUE RICHMOND VA 232273337 121409970 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. 20 20 766 186 0 0 2842653 4011607 74567688 84067158 5173424 4310420 0 0 82583765 92389185 4296988 3755049 0 0 23952291 26234291 0 0 0 41251816 43325792 69501095 73315132 13082670 19074053 498596055 592336277 369702985 420610103 128893070 171726174 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 69083627 3755049 84067158 AS A MINISTRY OF THE EPISCOPAL AND PRESBYTERIAN CHURCHES, WESTMINSTER-CANTERBURY PROVIDES 522 RESIDENCES FOR INDEPENDENT LIVING; 72 APARTMENTS FOR THOSE WITH COGNITIVE DECLINE, 65 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 SERVICES 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 86 RESIDENTS WITH FINANCIAL AID DURING THE YEAR. 69083627 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 1 0 0 0 0 1 0 0 0 1 258 0 1 766 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X REBECCA HARRIS DIRECTOR OF FINANCE 8042646000 1600 WESTBROOK AVENUE RICHMOND VA 23227 ANGELA P PHELON CHAIR 1.00 4.00 X X 0 0 0 JAMES M KRESGE VICE CHAIR 1.00 4.00 X X 0 0 0 PETER S ALCORN TRUSTEE 1.00 4.00 X 0 0 0 DR 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 TAYLAN BOZKURT 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 JENNIFER M FERGUSON MD 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 ANNE H MCDONNELL 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 HB 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 W RUSSELL GARDNER TREASURER, VICE PRESIDENT & CFO 10.00 30.00 X 0 446053 38759 WILLIAM H BLACKWELL VICE PRESIDENT HEALTH SERVICES 40.00 0.00 X 288383 0 32761 GAYLE HAGLUND VICE PRESIDENT RESOURCE DEVELOPMENT 0.00 40.00 X 0 118257 8454 ROBERT MANN VICE PRESIDENT INFORMATION TECHNOLOGY 0.00 40.00 X 0 189013 15462 JOHN D BURNS CEO 20.00 20.00 X 0 609703 49961 STACEY W NANNERY VICE PRESIDENT SALES AND MARKETING 40.00 0.00 X 0 170485 23083 JASON T COLLINS VICE PRESIDENT FACILITIES MANAGEMENT 35.00 5.00 X 0 173965 17420 JOHN LOOP VP HEALTH & WELLNESS (AS OF 11/2023) 40.00 0.00 X 18847 0 0 CHELSEA O NAYLOR VICE PRESIDENT WORKFORCE SERVICES 0.00 40.00 X 0 190163 24992 SHARON M POZNANCZYK DIRECTOR OF NURSING 40.00 0.00 X 200847 0 24463 KEVIN DAIGNAULT ADMINISTRATOR HOME HEALTH 40.00 0.00 X 181548 0 10880 MARTIN KANE DIRECTOR OF FINANCE 10.00 30.00 X 0 163105 18048 DEBRA JACOBSEN ADMINISTRATOR RESIDENTIAL LIVING 40.00 0.00 X 158079 0 32284 DEREK OLIVER DIRECTOR FACILITIES ENGINEERING 35.00 5.00 X 144902 0 20329 992606 2060744 316896 7 0 1 0 GILBANE-HENDERSON A JOINT VENTURE 7 JACKSON WALKWAY PROVIDENCE RI 02903 CONTRACTOR 74355774 POWERBACK REHABILITATION PO BOX 821322 PHILADELPHIA PA 19182 HEALTHCARE 1299492 PRIME TIME HEALTHCARE LLC 15380 WEIR STREET OMAHA NE 68137 HEALTHCARE 990073 IRONHORSE BUILDERS 3308 KEICHTEE DRIVE RICHMOND VA 23225 CONTRACTOR 695117 EMERALD CONSTRUCTION COMPANY 2219 DABNEY ROAD RICHMOND VA 23230 CONTRACTOR 475243 28 2764599 1247008 4011607 RESIDENT SERVICES 623000 74823164 74823164 OTHER REVENUE 623000 9243994 9243994 84067158 3166480 3166480 30160575 4150 29020785 0 1139790 4150 1143940 1143940 92389185 84067158 0 4310420 3755049 3755049 531376 531376 23848725 22910066 938659 17349 16280 1069 1836841 1723618 113223 14767167 14259772 507395 1820 1820 593272 593272 3345237 3345237 1300 1300 2650143 2650143 1756246 1647991 108255 108796 108796 3955704 3819787 135917 14473332 13976033 497299 7616 7616 1665159 863239 801920 73315132 69083627 4231505 0 34455310 23804368 66403 16136989 724480 1516229 105361 2521727 90854 72082 753718 1213971 379997786 178729753 156403885 201268033 66153023 80144504 82310034 98155000 157532987 167503374 498596055 592336277 30896457 28222826 128858545 150004090 188751958 224094783 21196025 18288404 369702985 420610103 X 113173956 153456164 15719114 18270010 128893070 171726174 498596055 592336277 X 19074053 27002291 -3243240 X X 0 1 X 1 0 X 3072689 2378656 3819831 2842653 4011607 16125436 69067145 68685868 68182587 74567688 84067158 364570446 72139834 71064524 72002418 77410341 88078765 380695882 0 0 0 380695882 1256670 1111205 1514511 2223933 3166480 9272799 1256670 1111205 1514511 2223933 3166480 9272799 -722401 -71540 -793941 73396504 71453328 73445389 79634274 91245245 389174740 0.97820 0.98160 0.02380 0.02060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15894114 2764599 3543448 3532151 18670010 14873876 2775027 1735877 3490666 15894114 19194028 3642357 -4320151 3642358 14873876 15626432 2123980 3898820 2455204 19194028 15393141 2412094 925325 3104128 15626432 1.00000 0 0 9775179 9775179 312872421 138389537 174482884 26565607 25526739 1038868 29278966 13990605 15288361 1505613 822872 682741 201268033 ALTERNATIVE INVESTMENTS 98155000 F 98155000 ASSETS LIMITED AS TO USE 6102170 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 2392581 DUE FROM RELATED PARTIES 10453665 CONSTRUCTION IN PROGRESS 148218608 DEFERRED MARKETING COSTS 336350 167503374 DUE TO RELATED PARTIES 9789164 OTHER LIABILITIES 240722 REFUNDABLE RESERVATION DEPOSITS 7976372 REFUNDABLE ADVANCE FEES 282146 18288404 X 88599048 0 88599048 573239 3216898 3790137 92389185 72741893 0 72741893 573239 573239 73315132 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 2,764,599. RESTRICTED INVESTMENT INCOME 353,901. RESTRICTED REALIZED GAINS ON INVESTMENTS 98,398. CENTRAL AMERICA & CARIBBEAN 0 0 INVESTMENTS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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. 86 3755049 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 D BURNS CEO 0 397710 0 167047 0 44946 0 33364 0 16597 0 659664 0 0 W RUSSELL GARDNER TREASURER, VICE PRESIDENT & CFO 0 315038 0 121208 0 9807 0 25400 0 13359 0 484812 0 0 WILLIAM H BLACKWELL VICE PRESIDENT HEALTH SERVICES 206060 0 80584 0 1739 0 20105 0 12656 0 321144 0 0 0 SHARON M POZNANCZYK DIRECTOR OF NURSING 172659 0 23023 0 5165 0 15134 0 9329 0 225310 0 0 0 CHELSEA O NAYLOR VICE PRESIDENT WORKFORCE SERVICES 0 160062 0 30101 0 0 0 12428 0 12564 0 215155 0 0 ROBERT MANN VICE PRESIDENT INFORMATION TECHNOLOG 0 149351 0 33870 0 5792 0 12525 0 2937 0 204475 0 0 STACEY W NANNERY VICE PRESIDENT SALES AND MARKETING 0 140583 0 29902 0 0 0 12814 0 10269 0 193568 0 0 KEVIN DAIGNAULT ADMINISTRATOR HOME HEALTH 159835 0 14008 0 7705 0 1690 0 9190 0 192428 0 0 0 JASON T COLLINS VICE PRESIDENT FACILITIES MANAGEMENT 0 145489 0 28476 0 0 0 7051 0 10369 0 191385 0 0 DEBRA JACOBSEN ADMINISTRATOR RESIDENTIAL LIVING 134739 0 23340 0 0 0 22155 0 10129 0 190363 0 0 0 MARTIN KANE DIRECTOR OF FINANCE 0 144235 0 18870 0 0 0 8831 0 9217 0 181153 0 0 DEREK OLIVER DIRECTOR FACILITIES ENGINEERING 129932 0 14970 0 0 0 11170 0 9159 0 165231 0 0 0 PART I, LINE 3 AN OUTSIDE COMPANY IS ENGAGED BY A RELATED ORGANIZATION EACH YEAR TO ADVISE ON ALL EMPLOYEES' COMPENSATION PACKAGES, INCLUDING THE CEO'S. THE ORGANIZATION AND COMPENSATION COMMITTEE OF A RELATED ORGANIZATION'S BOARD REVIEWS THE RECOMMENDATIONS OF THE OUTSIDE COMPANY. THE CEO'S COMPENSATION IS DETERMINED BY THE BOARD INDEPENDENTLY OF THE CEO, AND ITS DECISION IS DOCUMENTED IN THE BOARD MINUTES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. 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 50404873 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 8765000 42428714 742047 41686667 1 0 1 1 B 50404873 763239 24000000 25641634 2023 1 0 0 1 C 106410610 10086413 1292925 95031272 0 0 1 1 D 95000000 386000 52244615 42369385 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 X FITNESS EQUIPMENT 2 166958 FMV X PLAYGROUND EQUIPMENT 1 16395 FMV 0 0 0 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 BY A RELATED ORGANIZATION EACH YEAR TO ADVISE ON ALL EMPLOYEES' COMPENSATION PACKAGES, INCLUDING THE CEO'S. THE ORGANIZATION AND COMPENSATION COMMITTEE OF A RELATED ORGANIZATION'S BOARD REVIEWS THE RECOMMENDATIONS OF THE OUTSIDE COMPANY. THE CEO'S COMPENSATION IS DETERMINED BY THE BOARD INDEPENDENTLY OF THE CEO, AND ITS DECISION IS DOCUMENTED IN THE BOARD MINUTES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. 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 377,997. OTHER -89,086. PAYMENT OF ADVANCE FEES -430,460. NET ASSETS RELEASED AND USED IN OPERATIONS -3,101,691. 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 WESTMINSTER-CANTERBURY RICHMOND 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 WC CORPORATION AND RELATED ENTITIES VA 501(C)(3) LINE 12A, I 0 WESTMINSTER CANTERBURY CHILD CARE 1600 WESTBROOK AVENUE RICHMOND VA 23227 541552747 PROVIDE CHILD CARE SERVICES TO RELATED ENTITIES AND THE COMMUNITY VA 501(C)(3) LINE 10 WESTMINSTER CANTERBURY MANAGEMENT CORPORATION 0 WESTMINSTER-CANTERBURY DEVELOPMENT CORPORATION 1600 WESTBROOK AVENUE RICHMOND VA 23227 821783172 SUPPORT THE MISSION AND PURPOSE OF WC CORPORATION AND RELATED ENTITIES 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