2018-11-14T16:31:55-06:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2017-01-01 521266582 WESTMINSTER CANTERBURY OF WINCHESTER INC WEST 5406650156 300 WESTMINSTER CANTERBURY DRIVE WINCHESTER VA 22603 GLORIA J SHILEY PRESIDENT & CEO 5406650156 2018-11-14 1 JOHN NORMAN P01506766 7049985200 2018-11-14 67.137.57.251 2018-11-14 13:19:58 ES P 967DCA4FABF3D6C7AE4D014617AEEE9CE601AE20 625448C0F55D99FA31EEB930CD4AF0F24507C48B 2017 2019-02-21 02:37:17Z SHENANDOAH VALLEY WESTMINSTER-CANTER GLORIA J SHILEY 300 WESTMINSTER CANTERBURY DRIVE WINCHESTER VA 22603 25864800 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 19 411 135 6317 -5841 319083 456014 22173542 23221843 801924 2186943 0 0 23294549 25864800 219087 208621 0 0 11199730 12256746 0 0 204804 11525736 11971434 22944553 24436801 349996 1427999 117573276 114816696 92937639 96740550 24635637 18076146 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 19454426 208621 23221843 BEYOND PROVIDING ACCOMMODATIONS, SERVICES AND FINANCIAL ASSISTANCE TO ELDERS, SHENANDOAH VALLY WESTMINSTER-CANTERBURY ("SVWC") IS A RESPONSIBLE COMMUNITY MEMBER, PROVIDING MEETING SPACE FOR LOCAL NON-PROFITS AND CIVIC ORGANIZATIONS AND HOSTING COMMUNITY EVENTS SUCH AS THE ANNUAL APPLE BLOSSOM FESTIVAL EACH SPRING. MOREOVER, SVWC DONATES MEDICAL SUPPLIES TO THE LOCAL FREE MEDICAL CLINIC, BUILDING SUPPLIES TO HABITAT FOR HUMANITY, LAUNDRY SERVICES FOR THE WINTER SEASON HOMELESS SHELTER AND MEALS AND TRANSPORTATION FOR AREA MEALS ON WHEELS. ADDITIONALLY, SVWC SUPPORTED MANY LOCAL ORGANIZATIONS AND EVENTS SUCH AS THE GARDEN CLUB OF VIRGINA, TEENS OPPOSING POVERTY, FIRST NIGHT WINCHESTER AND THE WINCHESTER ORCHESTRA. SVWC WAS ALSO PLEASED TO PARTNER WITH MANY DIFFERENT NATIONAL ORGANIZATIONS SUCH AS THE ALZHEIMER'S ASSOCIATION, ARTHRITIS FOUNDATION, WVPT PUBLIC TELEVISION, AND AMERICAN CANCER SOCIETY TO SPONSOR MANY DIFFERENT LOCAL EVENTS. 19454426 1 1 0 0 0 0 0 0 0 1 1 1 0 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 0 1 0 0 0 1 79 0 411 1 1 1 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 5406655917 300 WESTMINSTER-CANTERBURY DRIVE WINCHESTER VA 22603 MRS SARA STERN BOARD MEMBER 1.00 X 0 0 0 CINDIA STEWART PHD BOARD MEMBER 1.00 X 0 0 0 STEPHEN PETTIT CPA BOARD MEMBER 1.00 X 0 0 0 KATHRYN GANSKE PHD BOARD MEMBER 1.00 X 0 0 0 MR WILLIAM W PIFER VICE CHAIR 1.00 X X 0 0 0 MR JOSEPH KALBACH BOARD MEMBER 1.00 X 0 0 0 MR SCOTT HARVARD BOARD MEMBER 1.00 X 0 0 0 MRS KAREN HILLYARD BOARD MEMBER 1.00 X 0 0 0 SCOTT ARTHUR TREASURER/SECRETARY 1.00 X X 0 0 0 RICHARD G CREASEY DED BOARD MEMBER 1.00 X 0 0 0 MR MARTIN TABAKA BOARD MEMBER 1.00 X 0 0 0 REV DAN MCCOIG BOARD MEMBER 1.00 X 0 0 0 MR DAN WALL BOARD MEMBER 1.00 X 0 0 0 DENNIS MCLOUGHLIN CHAIR 1.00 X X 0 0 0 DR HARRY POLING BOARD MEMBER 1.00 X 0 0 0 SUSAN KAGEY CFP BOARD MEMBER 1.00 X 0 0 0 REV WEBSTER GIBSON BOARD MEMBER 1.00 X 0 0 0 MATTHEW TEDERICK BOARD MEMBER 1.00 X 0 0 0 GINA HAMMOND BOARD MEMBER 1.00 X 0 0 0 GLORIA J SHILEY PRESIDENT / CEO 40.00 X 206503 0 20364 DUANE A WERNECKE CFO 40.00 X 123422 0 29901 329925 0 50265 2 0 1 0 SODEXO INC AFFILIATES PO BOX 905374 CHARLOTTE NC 282905374 DINING SERVICES 1449603 CARROLL CONSTRUCTION 283 EBERT ROAD WINCHESTER VA 22603 CONSTRUCTION 1305541 HOWARD SHOCKEY & SONS PO BOX 2530 WINCHESTER VA 22604 CONSTRUCTION 631389 READING LANDSCAPES 2371 NORTH FREDERICK PIKE WINCHESTER VA 22603 LANDSCAPING 173667 DEHAVEN'S ELECTRICAL 634 NORTH HAYFIELD RD WINCHESTER VA 22603 ELECTRICAL 115408 6 456014 456014 RESIDENT SERVICES 623000 11033705 11033705 AMORTIZED FEES 623000 6478724 6478724 HEALTH CARE SERVICES 623000 2577958 2577958 ASSISTED LIVING REVENUE 623000 2379543 2379543 751913 745673 6240 23221843 1146722 77 1146645 1035767 4454 0 0 1035767 4454 1040221 1040221 25864800 23215603 6317 2186866 208621 208621 9915038 8296082 1494146 124810 244612 244612 1413743 1413743 683353 572197 102543 8613 10221 10221 53023 53023 277853 101053 176800 305531 305531 409011 259823 145199 3989 1490764 1295567 192826 2371 47817 24684 19374 3759 144521 127608 12275 4638 1244148 1244148 5108517 5108517 FOOD 1385136 1385136 EQUIP. RENTAL, R&M 1006162 638616 367546 DUES/MEMBERSHIPS 30888 4882 26006 LAUNDRY EXPENSE 12577 12577 445265 164694 223947 56624 24436801 19454426 4777571 204804 5061 1982 1986937 4012123 42850 1632223 3528453 2127 2127 587029 546465 127198405 58006746 70133140 69191659 42341919 37125281 841990 408606 117573276 114816696 2672966 2129073 50568496 55711236 35325058 33993038 4371119 4907203 92937639 96740550 X 16751205 18032318 6516059 11928 1368373 31900 24635637 18076146 117573276 114816696 X 1427999 -53703 -7933787 X X 0 1 X 1 0 X 305743 282670 306818 319083 244593 1458907 21195951 21250322 22238671 22173542 23215603 110074089 21501694 21532992 22545489 22492625 23460196 111532996 7649 5877 67004 19136 99666 0 7649 5877 67004 19136 99666 111433330 1609317 2022822 1145444 1091822 1146722 7016127 1609317 2022822 1145444 1091822 1146722 7016127 -2708 -5841 -8549 23111011 23555814 23690933 23581739 24601077 118540574 0.94000 0.93230 0.05920 0.06670 X 1368234 1368234 1368234 1368234 31900 1336334 1368234 31900 31900 31900 31900 0 0 304994 304994 109481496 47601041 61880455 15742649 9190839 6551810 1669266 1214866 454400 69191659 INVESTMENTS 37125281 F 37125281 RESIDENT DEPOSITS 376706 REFUNDABLE ADVANCE ADMISSION DEPOSIT 4530497 4907203 X PART V, LINE 4: TO BENEFIT THE FELLOWSHIP FUND AND THE RESIDENT LIBRARY. PART X, LINE 2: THE CORPORATION FILES AS A TAX-EXEMPT ORGANIZATION. SHOULD THIS STATUS BE CHALLENGED IN THE FUTURE, THE 2014, 2015, AND 2016 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE CORPORATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE CORPORATION IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. THE CORPORATION ADOPTED GUIDANCE IN THE INCOME TAX STANDARD REGARDING RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE IMPLEMENTATION HAS HAD NO IMPACT ON THE CORPORATION'S FINANCIAL STATEMENTS. 1 FELLOWSHIP FUND ASSISTANCE 8 195098 BOOK TUITION REIMBURSEMENT 4 4085 CASH SCHOLARSHIPS 4 3000 CASH EMPLOYEE EMERGENCY ASSISTANCE 8 6438 CASH X X X 0 0 X X X 0 0 0 0 0 0 0 0 0 GLORIA J SHILEY PRESIDENT / CEO 190962 0 0 0 15541 0 0 0 20364 0 226867 0 0 0 DUANE A WERNECKE CFO 116867 0 0 0 6555 0 0 0 29901 0 153323 0 0 0 PART I, LINE 1A COMPENSATION FOR ALL SENIOR MANAGEMENT IS REVIEWED TO INDUSTRY STANDARDS ON AN ANNUAL BASIS. COMPENSATION FOR OTHER OFFICERS IS REVIEWED ANNUALLY BY THE CEO DURING THE ANNUAL EMPLOYEE REVIEW PROCESS. DOCUMENTATION OF THE DELIBERATION AND DECISION IS CONTAINED IN THE EMPLOYEE'S FILE. A INDUSTRIAL DEVELOPMENT AUTHORITY CITY OF WINCHESTER 521232253 NONEAVAIL 2014-12-30 54266009 REFUND SERIES 2005 BONDS AND FINANCE IMPROVEMENTS TO FACILITIES 0 0 0 A 20164946 54266009 234272 38031737 1 0 0 1 A 0 1 1 1 0 0.00300 0.00430 0.00730 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 PART II, COLUMN A, LINE 12 ON DECEMBER 30, 2014, THE CORPORATION ISSUED TWO NOTES IN THE AMOUNTS OF $38,266,009 AND $16,000,000, RESPECTIVELY, TO: 1) FINANCE THE COSTS OF ACQUIRING, CONSTRUCTING, AND EQUIPPING AN EXPANSION TO THE CORPORATION'S RESIDENTIAL AND HEALTH CARE FACILITIES AND THE COSTS OF CERTAIN ONGOING CAPITAL IMPROVEMENTS; 2) REFUND THE THEN OUTSTANDING SERIES 2005 BONDS; AND 3) FINANCE THE COSTS OF ISSUANCE INCURRED IN CONNECTION WITH THE REFUNDING OF THE THEN OUTSTANDING SERIES 2005 BONDS AND THE ISSUANCE OF THE SERIES 2014 BONDS. THE NOTES WERE ISSUED TO THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF WINCHESTER WHICH IN TURN ISSUED THE SERIES 2014A (SERIES 2014A BONDS) AND SERIES 2014B (SERIES 2014B BONDS) RESIDENTIAL CARE FACILITY REVENUE BONDS, IN THE AMOUNTS OF $38,266,009 AND $16,000,000, RESPECTIVELY. THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF WINCHESTER SOLD THE SERIES 2014A BONDS AND THE SERIES 2014B BONDS TO A FINANCIAL INSTITUTION. FUNDS RELATED TO THE SERIES 2014B BONDS WERE TO BE ADVANCED TO THE CORPORATION AS NEEDED TO PAY OR REIMBURSE THE CORPORATION FOR THE COST OF PROJECTS. DURING THE YEAR ENDED DECEMBER 31, 2017, BY MUTUAL CONSENT BETWEEN THE BANK AND THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF WINCHESTER, THE 2014B BONDS WERE CANCELLED. AS A RESULT, THE CORPORATION RECORDED A LOSS OF APPROXIMATELY $87,000 RELATED TO UNUSED BOND FINANCING COSTS. 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 THE POLICY IS REVIEWED BY THE MEMBERS ANNUALLY. 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 ALL SENIOR MANAGEMENT IS REVIEWED TO INDUSTRY STANDARDS ON AN ANNUAL BASIS. COMPENSATION FOR THE CEO IS REVIEWED AND DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION FOR ALL SENIOR MANAGEMENT IS REVIEWED TO INDUSTRY STANDARDS ON AN ANNUAL BASIS. COMPENSATION FOR OTHER OFFICERS IS REVIEWED BY THE CEO ANNUALLY DURING THE ANNUAL EMPLOYEE REVIEW PROCESS. DOCUMENTATION ON THE DELIBERATION AND DECISION IS CONTAINED IN THE EMPLOYEE'S FILE. FORM 990, PART VI, SECTION C, LINE 18 ANNUAL DISCLOSURE THROUGH THE STATE CORPORATION COMMISSION. 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 XI, LINE 9: LOSS ON TERMINATION OF SERIES 2014B BONDS -86,871. TRANSFER TO AFFILIATE -7,846,916. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. SHENANDOAH VALLEY WESTMINSTER-CANTERBURY FOUNDATION 300 WESTMINSTER-CANTERBURY DR WINCHESTER VA 22603 474751000 SUPPORTING ORGANIZATION VA 501(C)(3) LINE 12B, II WESTMINSTER CANTERBURY OF WINCHESTER 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 SHENANDOAH VALLEY WESTMINSTER-CANTERBURY FOUNDATION S 456014 CASH TRANSFERRED