2021-08-13T10:31:00-05:00 2020-09-30 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2019-10-01 540988608 WESTMINSTER-CANTERBURY OF LYNCHBURG INC WEST 4343863533 501 VES ROAD LYNCHBURG VA 24503 PAUL SHELTON VP & CFO 4343863533 2021-08-13 1 JOHN NORMAN P01506766 7049985200 2021-08-12 2019 2022-09-23 18:48:47Z WESTMINISTER-CANTERBURY OF LYNCHBURG PAUL SHELTON 501 VES ROAD LYNCHBURG VA 24503 32613033 0 X WWW.WCLYNCHBURG.ORG X 1975 VA TO OPERATE A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY GUIDED BY CHRISTIAN IDEALS. 16 16 564 1766 45 0 963350 899269 27797211 30017807 1913996 1326771 788935 369186 31463492 32613033 0 0 0 0 16807036 17543243 0 0 266912 11780298 14309662 28587334 31852905 2876158 760128 121325246 127051960 120082186 127850123 1243060 -798163 THE MISSION OF WCL IS TO OPERATE A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY GUIDED BY CHRISTIAN IDEALS WHICH PROMOTE INDEPENDENCE AND DIGNITY, PROVIDING QUALITY HOUSING, HEALTH CARE AND SECURITY TO RESIDENTS IN A FISCALLY RESPONSIBLE MANNER. 0 0 30392742 30386993 WCL IS DESIGNED TO OPERATE A NONPROFIT CONTINUING CARE RETIREMENT COMMUNITY, GUIDED BY CHRISTIAN IDEALS WHICH PROMOTE INDEPENDENCE AND DIGNITY, PROVIDING QUALITY HOUSING, HEALTH CARE AND SECURITY TO RESIDENTS IN A FISCALLY RESPONSIBLE MANNER. WCL HAD TOTAL OF 405 UNITS ACROSS INDEPENDENT LIVING, ASSISTED LIVING, AND THE HEALTH CENTER, WITH APPROXIMATELY 95% OF THE INDEPENDENT LIVING UNITS OCCUPIED AS OF SEPTEMBER 30, 2020. WCL IS COMMITTED TO A PROGRAM OF SERVICES WHICH PROVIDE RESIDENTS WITH HOUSING, HEALTHCARE, SECURITY AND A VARIETY OF ACTIVITIES AND SERVICES. 30392742 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 51 0 564 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X PAUL SHELTON 4343863533 501 VES ROAD LYNCHBURG VA 24503 ELIZABETH M CONZEN TRUSTEE 1.00 X 0 0 0 ANNE R MCVEIGH TRUSTEE 1.00 X 0 0 0 MS NANCY T BROCKMAN CHAIR 1.00 X 0 0 0 J ROBERT MONTGOMERY TRUSTEE 1.00 X 0 0 0 ROBERT P BROWN JR TRUSTEE 1.00 X 0 0 0 GORHAM B WOOD TRUSTEE 1.00 X 0 0 0 JEFFREY W WILSON MD TRUSTEE 1.00 X 0 0 0 ROBERT G BASS TRUSTEE 1.00 X 0 0 0 ROBERT S LOCKRIDGE JR MD TRUSTEE 1.00 X 0 0 0 MARY ELLEN SYDNOR TRUSTEE 1.00 X 0 0 0 SUSAN G ACKLEY VICE CHAIR 1.00 X 0 0 0 WILLIAM W PAXTON TRUSTEE 1.00 X 0 0 0 GEORGE D VERMILYA JR TRUSTEE 1.00 X 0 0 0 BECKY W GILES TRUSTEE 1.00 X 0 0 0 MELISSA W JOHNSON TRUSTEE 1.00 X 0 0 0 WILLIAM A STUART II TRUSTEE 1.00 X 0 0 0 THOMAS R STEVENS TRUSTEE 1.00 X 0 0 0 ELIZABETH B LAUNDON TRUSTEE 1.00 X 0 0 0 SEAN HUYETT PRESIDENT/CEO 38.00 2.00 X X 285474 0 20000 PAUL SHELTON VP/CFO 38.00 2.00 X 167039 0 10000 LIZ KAIL VP-HEALTH SVCS. 40.00 X 144930 0 0 DEBBIE CALLAHN VP OF MARKETING 38.00 2.00 X 105273 0 0 LAURA HUNTER DIR OF MARKETING 40.00 X 129227 0 0 KELLY RILEY HOME HEALTH & HOSPICE DIRECTOR 40.00 X 121525 0 0 KATHY HOSTETTER-BRADLEY DIR OF HR 40.00 X 105279 0 0 OLENA MAHNE NURSE PRACTITIONER 40.00 X 102492 0 0 1161239 0 30000 8 0 1 0 SODEXO 9801 WASHINGTON BOULEVARD GAITHERSBURG MD 20878 FOOD SERVICES 157598 1 125026 774243 899269 RESIDENTIAL SVCS 623000 16176298 16176298 HEALTH CARE SVCS 623000 8425404 8425404 COMMUNITY SVCS 623000 2666239 2666239 ASSISTED LIVING & MEMORY SUPPORT 623000 2631572 2631572 OTHER 623000 118294 118294 30017807 979212 45 979167 347559 0 347559 347559 347559 MISCELLANEOUS 623000 208801 208801 BEAUTY SHOP 623000 96333 96333 MEALS AND LODGING 623000 64052 64052 369186 32613033 30386993 45 1326726 760994 535677 225317 12788083 12281750 275999 230334 2400924 2304887 96037 1593242 1529513 47796 15933 15700 15700 39912 38316 1596 60895 58459 2436 248967 239008 9959 148496 142557 2969 2970 1009187 969093 33028 7066 1408303 1351971 54924 1408 59815 57422 1316 1077 713416 684880 28536 6317509 6064808 252701 RAW FOOD EXPENSE 1375558 1320536 55022 PHARMACY 446986 446986 SODEXO FEES 420896 404060 16836 THERAPY 12817 12817 2031205 1950002 73079 8124 31852905 30392742 1193251 266912 3930066 8600482 1505779 1428577 164328 211279 197439 374383 144109057 64358187 82228855 79750870 29615109 33137814 3683670 3548555 121325246 127051960 5483200 4995558 44245068 43978112 59670901 61497262 10683017 17379191 120082186 127850123 X -3260372 -5293883 4503432 4495720 1243060 -798163 121325246 127051960 X 760128 672896 -3474247 X 0 1 X 1 0 X 165283 175232 175073 963350 899269 2378207 26589244 28614044 29144682 27797211 30017807 142162988 26754527 28789276 29319755 28760561 30917076 144541195 0 0 0 144541195 328238 386377 835088 1006700 979167 3535570 328238 386377 835088 1006700 979167 3535570 685059 647560 740516 788935 369186 3231256 27767824 29823213 30895359 30556196 32265429 151308021 0.95530 0.95460 0.02340 0.02140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 437817 437817 118764867 51552652 67212215 19870526 11646199 8224327 5035847 1159336 3876511 79750870 LONGTERM INVESTMENT ACCOUNT UNRESTRICTED 1095 F VANGAURD INVESTMENT 33136983 F R&R S/T INVEST M/M -264 F 33137814 REFUNDABLE RESERVATION DEPOSIT 263600 ADVANCE FEE DEPOSITS 241625 REFUNDABLE ADVANCE FEES 4165131 ANNUITIES PAYABLE 189869 MISCELLANEOUS 3041030 INTEREST RATE SWAP 9477936 17379191 X PART X, LINE 2: THE CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501 (C)(3). WESTMINSTER CANTERBURY OF LYNCHBURG, INC. FILES AS A TAX EXEMPT ORGANIZATION. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE TAX-EXEMPT STATUS OF THE ORGANIZATION. MANAGEMENT IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES FOR THE ORGANIZATION. WESTMINSTER CANTERBURY OF LYNCHBURG, INC. FOLLOWS GUIDANCE IN THE INCOME TAX STANDARD REGARDING RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE HAS HAD NO IMPACT ON THE CORPORATION'S CONSOLIDATED FINANCIAL STATEMENTS. X X X X X X 0 1 0 0 0 0 0 0 0 SEAN HUYETT PRESIDENT/CEO 285474 0 0 0 0 0 20000 0 0 0 305474 0 0 0 PAUL SHELTON VP/CFO 167039 0 0 0 0 0 10000 0 0 0 177039 0 0 0 PART I, LINE 4B DURING THE YEAR, THE ORGANIZATION CONTRIBUTED THE FOLLOWING AMOUNTS TO A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: SEAN HUYETT $20,000 PAUL SHELTON $10,000 A ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF LYNCHBURG VA 541225193 NONEAVAIL 2016-08-01 10845818 REFUNDING OF SERIES 2005 BONDS AND FINANCING OF VARIOUS CAPITAL RENOVATIONS 0 0 0 B ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF LYNCHBURG VA 541225193 NONEAVAIL 2017-04-05 18580411 REFUNDING OF SERIES 2007 BONDS AND FINANCING 0 0 0 C ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF LYNCHBURG VA 541225193 NONEAVAIL 2017-09-01 38203000 SWAP AGREEMENT FOR FUNDING CONTRUCTION AND EQUIPMENT OF HEALTH CARE CENTER 0 0 0 A 1072517 10845818 209954 9000000 1635864 0 0 1 1 B 3936109 18580411 214132 18366279 1 0 1 1 C 195759 38203000 461100 9859152 27882748 0 0 0 1 A 1 0 0 0 0 0 1 B 1 0 0 0 0 0 1 C 1 0 0 0 0 0 1 A 0 1 0 1 1 0 0 0 1 B 0 1 0 0 1 0 0 0 1 C 0 1 0 0 0 1 SUNTRUST BANK 12.800000000000 0 0 0 0 1 A 1 B 1 C 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE IS RESPONSIBLE FOR THE REVIEW OF THE FORM 990. A SMALL COMMITTEE OF RESIDENTS REVIEWS THE 990 IN DETAIL BEFORE SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THE CORPORATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. B. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE CORPORATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES ENGAGED LOCKTON AND ASSOCIATE TO PERFORM A CEO SALARY SURVEY AND RECOMMEND AN APPROPRIATE COMPENSATION PLAN BASED ON COMPARABLE DATA FROM LIKE-SIZE COMMUNITIES. LOCKTON IS AN INTERNATIONAL FIRM THAT SPECIALIZES IN EXECUTIVE COMPENSATION, TOTAL REWARDS/SALARY MANAGEMENT AND INCENTIVE COMPENSATION. LOCKTON ALSO PERFORMED A COMPENSATION STUDY ON SENIOR LEVEL STAFF MEMBERS IN CONJUNCTION WITH THE CEO COMPENSATION ENGAGEMENT. FORM 990, PART VI, SECTION C, LINE 18 COPIES PLACED IN THE RESIDENT LIBRARY FORM 990, PART VI, SECTION C, LINE 19 PUBLISHED IN THE RESIDENT LIBRARY AND ON REQUEST. FORM 990, PART XI, LINE 9: AMOUNTS RELATED TO RECOGNITION OF MINIMUM PENSION LIABILITY 287,812. CHANGE IN FV OF PERPETUAL TRUST FUNDS 79,141. CHANGE IN FV OF BENEFICIAL TRUST FUNDS 30,680. RELEASE FROM RESTRICTION -50,379. CHANGE IN SPLIT VALUE INTEREST 74,020. CHANGE IN FAIR VALUE OF SWAP -3,895,521. THE WESTMINSTER CANTERBURY OF LYNCHBURG FOUNDATION INC 501 VES ROAD LYNCHBURG VA 24503 205521424 TO SUPPORT THE MISSION OF WESTMINSTER CANTERBURY OF LYNCHBURG VA 501(C)(3) LINE 12A, I WESTMINSTER-CANTERBURY OF LYNCHBURG 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 THE WESTMINSTER CANTERBURY OF LYNCHBURG FOUNDATION INC C 73966 DIRECT TRANSFER