2018-08-15T07:13:20-05:00 2017-09-30 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2016-10-01 540988608 WESTMINSTER-CANTERBURY OF LYNCHBURG INC WEST 4343863533 501 VES ROAD LYNCHBURG VA 24503 PAUL SHELTON VP & TREASURER 4343863533 2018-08-14 1 JOHN NORMAN P01506766 7049985200 2018-08-14 2016 2022-09-23 18:48:47Z WESTMINISTER-CANTERBURY OF LYNCHBURG PAUL SHELTON 501 VES ROAD LYNCHBURG VA 24503 30267750 0 X WWW.WCLYNCHBURG.ORG X 1975 VA TO OPERATE A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY GUIDED BY CHRISTIAN IDEALS. 16 16 540 1193 0 -2567 165283 175232 26589244 28614044 250080 830914 689411 647560 27694018 30267750 0 0 0 0 14161936 14508406 0 0 222903 11805859 12389084 25967795 26897490 1726223 3370260 79218704 82555288 84665123 83102970 -5446419 -547682 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 25717470 29261604 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 283 TOTAL RESIDENTS AT SEPTEMBER 30, 2016 WITH 92.50% OF THE INDEPENDENT LIVING UNITS OCCUPIED WCL IS COMMITTED TO A PROGRAM OF SERVICES WHICH PROVIDES RESIDENTS WITH HOUSING, HEALTHCARE, SECURITY AND A VARIETY OF ACTIVITIES AND SERVICES. 25717470 1 1 0 0 0 0 0 0 0 0 1 1 0 1 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 0 0 1 52 0 1 540 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X PAUL SHELTON 4343863533 501 VES ROAD LYNCHBURG VA 24503 ROBERT R CHAPMAN III TRUSTEE 2.00 X 0 0 0 WILLIAM E GAYLE JR MD TRUSTEE 2.00 X 0 0 0 HUGH J M JONES III TRUSTEE 2.00 X 0 0 0 PAMELA S BRADFORD TRUSTEE 2.00 X 0 0 0 MARTIN TOLHOEK TRUSTEE 2.00 X 0 0 0 ELIZABETH M ZELLNER TRUSTEE 2.00 X 0 0 0 NANCY T BROCKMAN TRUSTEE 2.00 X 0 0 0 BETTY B OLIVER TRUSTEE 2.00 X 0 0 0 J ROBERT MONTGOMERY TRUSTEE 2.00 X 0 0 0 ROBERT P BROWN JR TRUSTEE 2.00 X 0 0 0 GORHAM B WOOD TRUSTEE 2.00 X 0 0 0 JEFFREY W WILSON MD TRUSTEE 2.00 X 0 0 0 ROBERT G BASS TRUSTEE 2.00 X 0 0 0 ELIZABETH J LIPSCOMB TRUSTEE 2.00 X 0 0 0 MARY ELLEN SYDNOR TRUSTEE 2.00 X 0 0 0 SUSAN G ACKLEY TRUSTEE 2.00 X 0 0 0 WILLIAM W PAXTON TRUSTEE 2.00 X 0 0 0 GEORGE D VERMILYA JR TRUSTEE 2.00 X 0 0 0 SEAN HUYETT PRESIDENT & CEO 40.00 X 209717 0 57522 PAUL SHELTON VP & CFO 40.00 X 136720 0 20696 LIZ KAIL VP HEALTHCARE 40.00 X 118500 0 13788 DEBBIE CALLAHAN VP MARKETING AND DEVELOPME 40.00 X 82915 0 12125 LAURA HUNTER DIRECTOR OF MARKETING 40.00 X 102348 0 16665 650200 0 120796 4 0 1 0 SODEXO 9801 WASHINGTON BOULEVARD GAITHERSBURG MD 20878 FOOD SERVICES 277626 1 48383 126849 175232 RESIDENTIAL SVCS 623000 14819635 14819635 HEALTH CARE SVCS 623000 8567862 8567862 ASSISTED LIVING & MEMORY SUPPORT 623000 2896195 2896195 COMMUNITY SVCS 623000 2330352 2330352 28614044 386377 386377 431136 13401 0 0 431136 13401 444537 444537 MEALS AND LODGING 623000 417151 417151 BEAUTY SHOP 623000 141934 141934 HIGHSPEED INTERNET 623000 24550 24550 63925 63925 647560 30267750 29261604 0 830914 464937 118500 346437 11061238 10785262 80031 195945 2135308 2049896 85412 846923 813046 25407 8470 4650 4650 31712 30444 1268 50973 48934 2039 340122 326517 13605 154534 148353 3090 3091 891922 856486 29191 6245 1344982 1291183 52454 1345 116168 111522 2555 2091 974066 935104 38962 3407732 3271422 136310 RAW FOOD EXPENSE 1336431 1282974 53457 THERAPY 996968 996968 SODEXO FEES 770256 739446 30810 PHARMACY 536531 536531 1432037 1374882 51439 5716 26897490 25717470 957117 222903 12464696 6862036 9000927 8074017 1067251 1201603 236250 204704 115114 118146 90359483 52634480 35305362 37725003 9080905 20031373 11948199 8338406 79218704 82555288 6590424 5881448 41597519 42975207 31608142 28743055 4869038 5503260 84665123 83102970 X -8710648 -4261126 1376239 1716024 1887990 1997420 -5446419 -547682 79218704 82555288 X 3370260 1431699 96778 X X 0 1 X 1 0 X 106038 236569 208646 165283 175232 891768 23624937 24124785 25273673 26589244 28614044 128226683 23730975 24361354 25482319 26754527 28789276 129118451 0 0 0 129118451 472399 680030 563410 328238 386377 2430454 472399 680030 563410 328238 386377 2430454 732934 680030 626661 685059 647560 3372244 24936308 25721414 26672390 27767824 29823213 134921149 0.95700 0.95400 0.01800 0.01880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 437817 437817 68978214 43829221 25148993 14841230 7966197 6875033 6102222 839062 5263160 37725003 LONGTERM INVESTMENT ACCOUNT UNRESTRICTED 7398647 F VANGAURD INVESTMENT 12632726 C 20031373 OTHER RECEIVABLES 23454 TRUSTS HELD BY OTHERS 2883340 EMPLOYEE EDUCATION 45547 OTHER ASSETS LIMITED AS TO USE 5129176 OTHER ASSETS/DEFERRED 256889 8338406 REFUNDABLE RESERVATION DEPOSIT 281900 ADVANCE FEE DEPOSITS 366569 REFUNDABLE ADVANCE FEES 4296441 ANNUITIES PAYABLE 424249 MISCELLANEOUS 134101 5503260 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. SHOULD ANY STATUS BE CHALLENGED IN THE FUTURE, THE 2014, 2015, AND 2016 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. 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 0 1 0 0 0 0 0 0 0 SEAN HUYETT PRESIDENT & CEO 199717 0 0 0 10000 0 43012 0 14510 0 267239 0 0 0 PAUL SHELTON VP & CFO 126720 0 0 0 10000 0 20696 0 0 0 157416 0 0 0 PART I, LINE 4B SEAN HUYETT $10,000 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 260800 10845818 209954 9000000 1635864 0 0 0 1 B 18580411 314132 18366279 0 0 0 1 C 38203000 461100 37741900 0 0 0 0 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 13.800000000000 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 6 WC HAS TWO MEMBER CORPORATIONS: WESTMINISTER PRESBYTERIAN HOMES, INC, AN ORGANIZATION OF THE SYNOD OF THE VIRGINIAS OF THE PREBYTERIAN CHURCH, USA AND SOUTHWESTERN EPISCOPAL HOMES, INC, AN ORGANIZATION OF THE DIOCESE OF SOUTHWESTERN VIRGINIA, PART OF THE PROTESTANT EPISCOPAL CHURCH IN THE USA. 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 15 THE COMPENSATION PLAN IS A WELL STRUCTURED WAGE SCALE ADMINISTRATION PROGRAM DESIGNED BY SESCO MANAGEMENT CONSULTANTS, BRISTOL TN, A LEADING HR AND BENEFITS CONSULTANTS IN THE NATION. SESCO ESTABLISHED A 15 FACTOR EVALUATION PROGRAM FOR EVERY POSITION IN THE ORGANIZATION AND A RANGE OF COMPENSATION FOR EACH POSITION. EACH INDIVIDUAL GOES THROUGH AN ANNUAL PERFORMANCE REVIEW. A MARKET VALUE IS ALSO PLACED ON THE POSITION. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST AND PLACED IN THE RESIDENT LIBRARY. FORM 990, PART XI, LINE 9: AMOUNTS RELATED TO RECOGNITION OF MINIMUM PENSION LIABILITY 445,463. CHANGE IN FV OF PERPETUAL TRUST FUNDS 104,690. CHANGE IN FV OF BENEFICIAL TRUST FUNDS 34,094. RELEASE FROM RESTRICTION -161,043. CHANGE IN SPLIT VALUE INTEREST 13,473. DESIGNATED FUNDS -155,599. EXTRAORDINARY INCOME (LOSS) -355,146. CHANGE IN FAIR VALUE OF SWAP 171,645. MISCELLANEOUS -799. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. 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 0 0 0 0 0 0