2024-11-13T17:52:47-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2023-01-01 521305909 WILLIAMSBURG LANDING INC WILL 7575656504 5700 WILLIAMSBURG LANDING DRIVE WILLIAMSBURG VA 23185 MARTIN B KANE CHIEF FINANCIAL OFFICER 7575656504 2024-11-13 1 0 KATHERINE A WARLICK P02065266 7049985200 2024-11-13 2023 2024-10-15 13:58:12Z GREGORY T STORER 5700 WILLIAMSBURG LANDING DRIVE WILLIAMSBURG VA 23185 46804564 0 X WWW. WILLIAMSBURGLANDING.ORG X 1982 VA TO OFFER A FULL SPECTRUM OF OPPORTUNITIES THAT FOSTER INDEPENDENCE, CONNECTION AND SECURITY. 19 19 546 30 0 0 172956 1076569 41900142 44324983 694352 1306863 17601 40560 42785051 46748975 272402 243615 0 0 16359236 18805912 0 0 362270 24975767 24671040 41607405 43720567 1177646 3028408 176327471 183261288 230675342 230454352 -54347871 -47193064 X AS AN INNOVATIVE, NONPROFIT, LIFE PLAN COMMUNITY, WILLIAMSBURG LANDING OFFERS A FULL SPECTRUM OF OPPORTUNITIES TO FOSTER INDEPENDENCE, CONNECTION AND SECURITY AS AN INNOVATIVE, NONPROFIT LIFE PLAN COMMUNITY. 0 0 36658219 243615 44324983 WILLIAMSBURG LANDING, INC. IS A CONTINUING CARE RETIREMENT COMMUNITY LOCATED IN JAMES CITY COUNTY, VIRGINIA THAT CONTAINS 317 RESIDENTIAL UNITS, 73 ASSISTED LIVING UNITS, 36 DEMENTIA UNITS, AND A 58-BED SKILLED NURSING CENTER THAT PROVIDES RESIDENTIAL AND MEDICAL SERVICES TO ITS RESIDENTS. WILLIAMSBURG LANDING OPERATES UNDER THE CONCEPT IN WHICH RESIDENTS ENTER INTO A CONTRACTUAL AGREEMENT THAT GENERALLY REQUIRES ONE-TIME ADVANCE FEE WITH MONTHLY SERVICE FEES. GENERALLY, THESE PAYMENTS ENTITLE RESIDENTS TO THE USE AND PRIVILEGES OF THE COMMUNITY FOR LIFE, INCLUDING THE RIGHT TO OCCUPY DESIGNATED RESIDENTIAL UNITS AND TO RECEIVE CERTAIN HEALTH CARE SERVICES. (CONTINUED ON SCHEDULE O)INDEPENDENT LIVING: FULL SERVICE ACCREDITED CONTINUING CARE COMMUNITY APPROPRIATE ACTIVITIES AND A HEALTHY LIFESTYLE PROGRAM PROVIDED IN THE 24,000 SQUARE FOOT DOIG HEALTH CLUB AND ELSEWHERE ON CAMPUS. FINE DINING IS AVAILABLE IN THE MAIN DINING ROOM WITH INFORMAL DINING IN THE COVE CAFE. WILLIAMSBURG LANDING PROVIDES FOR ACCESS TO AN ONSITE CLINIC SERVED BY A MEDICAL PROFESSIONALS. TRANSPORTATION AND OTHER SERVICES PROVIDED AS NEEDED.HEALTH AND REHABILITATION SERVICES AT WILLIAMSBURG LANDING ENCOMPASSES ALL HIGHER LEVELS OF CARE, INCLUDING SKILLED NURSING (MEDICARE), LONG TERM CARE, RESPITE CARE, ASSISTED LIVING AND CARE FOR THOSE WITH MEMORY LOSS. SERVICES ARE PROVIDED PRIMARILY FOR RESIDENTS. NON-RESIDENTS MAY BE ACCEPTED ON A SPACE AVAILABLE BASIS. SERVICES INCLUDE ACCESS TO MEDICAL PROFESSIONALS AND PHYSICAL REHAB, A DIETITIAN, ACTIVITIES AND OTHER SERVICES. A COMPREHENSIVE PROGRAM FOR RESIDENTS WITH MEMORY LOSS ARE ALSO PROVIDED BY THE STAFF OF COVE CREST.WILLIAMSBURG LANDING HAS A BENEVOLENCE PROGRAM TO PROVIDE FINANCIAL ASSISTANCE FOR THOSE RESIDENTS WHO OUTLIVE THEIR RESOURCES. THE RESIDENT MUST PROVIDE CONCLUSIVELY THAT THE INABILITY TO PAY IS DUE TO FINANCIAL REVERSALS OVER WHICH THE RESIDENT HAS NO CONTROL OR IS DUE TO DEPLETION OF THE RESIDENT'S ASSETS IN A REASONABLE MANNER BY THE PASSAGE OF TIME. THE BENEVOLENCE FUND CURRENTLY HAS A BALANCE OF $4.2 MILLION. 36658219 1 1 0 0 0 0 0 0 0 0 1 1 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 99 0 546 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 X MARTIN KANE 7575656511 5700 WILLIAMSBURG LANDING DRIVE WILLIAMSBURG VA 23185 ALLISON J BRODY DIRECTOR 4.00 0.10 X 0 0 0 JEANNE ZEIDLER CHAIR 4.00 0.10 X X 0 0 0 DR CARLENE PITTMAN DIRECTOR 3.00 0.10 X 0 0 0 LOUISE CRANFIELD DIRECTOR 3.00 0.10 X 0 0 0 JOHN SADLER ESQ DIRECTOR 3.00 0.10 X 0 0 0 MICHAEL FOX DIRECTOR 3.00 0.10 X 0 0 0 ELIZABETH DAVIS DIRECTOR 3.00 0.10 X 0 0 0 VERNON GEDDY III ESQ DIRECTOR 3.00 0.10 X 0 0 0 TIMOTHY MILLS DIRECTOR 3.00 0.10 X 0 0 0 DR MATTHEW T LAMBERT TREASURER 3.00 0.10 X X 0 0 0 VADM TIMOTHY WRIGHT DIRECTOR 3.00 0.10 X 0 0 0 PAUL GERHARDT SECRETARY 4.00 0.10 X X 0 0 0 TERRY DRISCOLL DIRECTOR 3.00 0.10 X 0 0 0 DONALD BUCKLESS DIRECTOR 3.00 0.10 X 0 0 0 CONNIE MATTHEWS HARSHAW DIRECTOR 3.00 0.10 X 0 0 0 JOHN VANAKEN PRESIDENT RESIDENTS' C DIRECTOR 3.00 0.10 X 0 0 0 LOUISE CANFIELD DIRECTOR 3.00 0.10 X 0 0 0 JOHN VANAKEN DIRECTOR 3.00 0.10 X 0 0 0 BRANDON RANDALL DIRECTOR 3.00 0.10 X 0 0 0 SCOTT STABLER DIRECTOR 3.00 0.10 X 0 0 0 TERRY BANEZ DIRECTOR 3.00 0.10 X 0 0 0 ROBERT UNDERWOOD DIRECTOR 3.00 0.10 X 0 0 0 JUDY KNUDSON PRESIDENT RESIDENT DIRECTOR 3.00 0.10 X 0 0 0 GREGORY STORER PRESIDENT & CEO 55.00 1.00 X 348910 0 43201 JAMES MICHAEL WILLIAMS COO 60.00 1.00 X 202408 0 36587 JUANITA PARKS CFO 60.00 1.00 X 211123 0 13991 BRANDY DAY CHIEF TALENT OFFICER 45.00 X 159130 0 30343 VONNIE ADAMS DIRECTOR OF ASST. LIVING 45.00 X 138227 0 19884 LISA BATES CHIEF MARKETING OFFICER 45.00 X 131807 0 23342 LAKSHMI CHANDHRI PHYSICIAN 45.00 X 214158 0 17439 1405763 0 184787 13 0 1 0 SODEXO PO BOX 36 PITTSBURGH PA 152516170 CULINARY SERVICES 4145045 GUERNSEY TINGLE ARCHITECTS PC 4350 NEW TOWN AVE STE 101 WILLIAMSBURG VA 23188 ARCHITECTURE 1123319 HEALTHPRO HERITAGE LLC PO BOX 69268 BALTIMORE MD 212649268 CONTRACT LABOR FOR THERAPISTS 954571 XCLUSIVE MEDICAL STAFFING 1705 HIGHWAY 138 SE CONYERS GA 30013 CONTRACT LABOR FOR NURSES AND AIDES 925110 WM JORDAN COMPANY INC 11010 JEFFERSON AVE NEWPORT NEWS VA 23601 CONSTRUCTION CONTRACTOR 391433 47 1076569 1076569 INDEPENDENT LIVING 623000 27820778 27820778 ASSISTED LIVING 623000 8910843 8910843 SKILLED NURSING 623000 7007806 7007806 ADULT DAY 623000 585556 585556 44324983 1291221 1291221 40560 0 40560 40560 40560 71231 55589 15642 15642 15642 46748975 44324983 0 1347423 243615 243615 15834136 13281440 2442524 110172 1815696 1522979 282412 10305 1156080 969703 178255 8122 121134 121134 87207 87207 4049386 3329745 712988 6653 227627 193973 11115 22539 914629 779405 133503 1721 2078772 1771435 307337 127592 108728 18646 218 12911 11002 1909 3421637 2872337 549300 8197487 6967865 1229622 681205 579024 102181 DIETARY 2207250 2207250 SUPPLIES 1251733 1034056 217677 REPAIRS 640943 546183 94760 LEASES AND RENTALS 181531 16729 164802 469996 222750 44706 202540 43720567 36658219 6700078 362270 4349703 1292365 365450 365450 671728 535545 548901 32693 260418 277081 707515 838501 230489284 108932679 123176761 121556605 0 19527790 22727086 26475193 35381060 244012 254902 176327471 183261288 4769567 2567130 112601121 46289990 104705049 102212993 8599605 79384239 230675342 230454352 X -55883412 -49298425 1535541 2105361 -54347871 -47193064 176327471 183261288 X 3028408 4331210 -204811 X 0 1 X 1 0 X 825241 1936809 4817931 172956 1076569 8829506 38700940 41239803 39189985 41900142 44324983 205355853 39526181 43176612 44007916 42073098 45401552 214185359 14948 53205 68153 0 14948 53205 68153 214117206 406034 532739 678052 763649 1331781 3712255 406034 532739 678052 763649 1331781 3712255 39932215 43709351 44685968 42836747 46733333 217897614 0.98270 0.98610 0.01700 0.01380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7114165 7114165 167173297 71594909 95578388 37626423 26706097 10920326 18575399 10631673 7943726 121556605 RESTRICTED UNDER RESIDENCY AGREEMENTS 3560521 F RESTRICTED BY DONORS 447736 F RESTRICTED UNDER CONTINUING CARE (MUTUAL FUNDS) 8262434 F RESTRICTED UNDER BOND AGREEMENT 6088353 F RESTRICTED FOR RESIDENT CARE 4110564 F RESTRICTED UNDER CHARITABLE GIFT ANNUITIES (FIXED INCOME) 257478 F 22727086 UNRESTRICTED INVESTMENTS 35381060 F 35381060 DUE TO AFFILIATE 8262434 CHARITABLE GIFT ANNUITIES 82414 LEASE LIABILITY 393580 REFUNDABLE ADVANCE FEES 66501936 ADVANCE FEE DEPOSITS 3552875 REFUNDABLE RESERVATION DEPOSITS 591000 79384239 X PART X, LINE 2: WILLIAMSBURG LANDING, INC. IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). WILLIAMSBURG LANDING, BIRCHWOOD IS SINGLE-MEMBER LIMITED LIABILITY COMPANY SOLELY OWNED BY WILLIAMSBURG LANDING, INC. AND IS CONSIDERED A DISREGARDED ENTITY FOR TAX PURPOSES. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THE TAX-EXEMPT STATUS OF ANY OF THE ENTITIES. MANAGEMENT IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES FOR WILLIAMSBURG LANDING, INC. WILLIAMSBURG LANDING, INC. FOLLOWS GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE HAS HAD NO IMPACT ON THE COMMUNITY'S CONSOLIDATED FINANCIAL STATEMENTS. 0 BENEVOLENCE - RESIDENT FINANCIAL ASSISTANCE 5 196448 EDUCATION FUND 47 47167 PART I, LINE 2: THE ORGANIZATION PROVIDES ASSISTANCE TO ITS RESIDENTS AND EMPLOYEES, AS NEEDED. X X X X X X 0 1 0 0 0 1 0 0 0 GREGORY STORER PRESIDENT & CEO 270516 0 78394 0 0 0 17066 0 26135 0 392111 0 0 0 JAMES MICHAEL WILLIAMS COO 171805 0 30603 0 0 0 11077 0 25510 0 238995 0 0 0 LAKSHMI CHANDHRI PHYSICIAN 214050 0 108 0 0 0 5732 0 11707 0 231597 0 0 0 JUANITA PARKS CFO 181245 0 29878 0 0 0 11162 0 2829 0 225114 0 0 0 BRANDY DAY CHIEF TALENT OFFICER 132646 0 26484 0 0 0 8666 0 21677 0 189473 0 0 0 VONNIE ADAMS DIRECTOR OF ASST. LIVING 138227 0 0 0 0 0 7466 0 12418 0 158111 0 0 0 LISA BATES CHIEF MARKETING OFFICER 131807 0 0 0 0 0 10629 0 12713 0 155149 0 0 0 PART I, LINE 3 WILLIAMSBURG LANDING USES AN INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, FORM 990 COMPARISONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457 PLAN: GREGORY STORER $9,512 JAMES WILLIAMS $5,539 JUANITA PARKS $5,581 SALLY WOLFF $2,993 LISA BATES $3,543 VONNIE ADAMS $3,733 BRANDY DAY $4,333 PART I, LINE 6 INCENTIVES ARE PROVIDED TO LEADERSHIP BASED ON ACHIEVING BUDGETED NET OPERATING INCOME A EDA WILLIAMSBURG VA 541696911 999999999 2007-11-14 9000000 PREPAY PRIOR OBLIGATION - EW, DOIG HC 0 0 0 B IDA MATHEWS COUNTY VA 546001417 999999999 2011-12-15 10000000 REFINANCE RENOVATIONS TO FACILITIES 0 0 0 C IDA OF MATHEWS COUNTY VA (SERIES 2012 546001417 2012-01-26 7500000 REFINANCE RENOVATIONS TO FACILITIES 0 0 0 D EDA OF MATHEWS COUNTY VA 546001417 2016-10-18 10000000 CONSTRUCTION OF MEMORY CARE, ASST. LIVING, AND REHAB UNITS 0 0 0 A 2870000 9000000 9000000 2008 1 0 1 1 B 2280000 10000000 100011 9899989 2013 0 0 1 1 C 1710000 7500000 60000 7440000 2013 0 0 1 1 D 1023946 10000000 166572 193564 9639864 2017 0 0 1 1 A 0 0 1 1 0 0 0 1 B 0 0 1 1 0 0 0 1 C 0 0 1 1 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 0 B 0 1 0 0 1 0 0 0 0 C 0 1 0 0 0 0 0 0 0 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A EDA OF JAMES CITY COUNTY VA 541139263 47029WED5 2021-10-13 77240815 REFINANCE CERTAIN BONDS AND FINANCE OTHER CAPITAL PROJECTS 0 0 0 A 8545815 77240815 5391715 1313974 70535126 1 0 0 1 A 0 0 1 1 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT, RISK AND COMPLIANCE COMMITTEE REVIEWS AND APPROVES THE 990 PRIOR TO SUBMISSION. IMMEDIATELY AFTER APPROVAL BY THE AUDIT, RISK AND COMPLIANCE COMMITTEE, THE 990 IS SHARED WITH ALL MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD OF DIRECTORS, OFFICERS OF THE CORPORATION, SENIOR LEADERS AND DEPARTMENT LEADERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST FORM. THE OFFICE OF THE CEO IS RESPONSIBLE FOR SENDING OUT THE FORM AND INSURING THAT A SIGNED FORM IS RECEIVED EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES AN INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO SET THE COMPENSATION FOR THE PRESIDENT/CEO AND OTHER KEY OFFICERS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE DISTRIBUTED QUARTERLY TO THE BOARD OF DIRECTORS, THE RESIDENTS' FINANCE COMMITTEE, AND SUMMARIES ARE SHARED AT RESIDENTS' ASSOCIATION MEETINGS. GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: GAIN ON INVESTMENT IN JOINT VENTURE 10,890. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES 5,137. PAYMENTS ON CHARITABLE GIFT ANNUITIES -21,403. OTHER NONOPERATING GAINS 200,000. NET ASSETS RELASED FROM RESTRICTIONS FOR OPERATIONS -399,435. BIRCHWOOD LAND LLC 5700 WILLIAMSBURG LANDING DR WILLIAMSBURG VA 23185 521305909 RESIDENTIAL PROPERTY LEASING VA 40560 579880 WILLIAMSBURG LANDING INC WILLIAMSBURG LANDING CONTINUING CARE TRUST 5700 WILLIAMSBURG LANDING DR WILLIAMSBURG VA 23185 546433122 TRUST FOR RESIDENT FINANCIAL SECURITY VA 501(C)(3) LINE 12B, II 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0