2025-11-11T14:03:41-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2024-01-01 521305909 WILLIAMSBURG LANDING INC WILL 7575656504 5700 WILLIAMSBURG LANDING DRIVE WILLIAMSBURG VA 23185 MARTIN B KANE CHIEF FINANCIAL OFFICER 7575656504 2025-11-10 1 1 KATHRINE A WARLICK P02065266 7049985200 2025-11-10 2024 2025-03-06 01:10:19Z JAN BIGELOW 5700 WILLIAMSBURG LANDING DRIVE WILLIAMSBURG VA 23185 50386888 0 X WWW. WILLIAMSBURGLANDING.ORG X 1982 VA TO OFFER A FULL SPECTRUM OF OPPORTUNITIES THAT FOSTER INDEPENDENCE, CONNECTION AND SECURITY. 21 21 545 40 0 0 1076569 752608 44324983 46776563 1306863 1693185 40560 46256 46748975 49268612 243615 387904 0 0 18805912 20375609 0 0 243730 24671040 24229179 43720567 44992692 3028408 4275920 183261288 274872637 230454352 315439514 -47193064 -40566877 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 37895326 387904 46776563 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 APPROXIMATELY $300,000. 37895326 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 96 0 1 545 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARTIN KANE 7575656000 5700 WILLIAMSBURG LANDING DRIVE WILLIAMSBURG VA 23185 JEANNE ZEIDLER CHAIR 4.00 0.10 X X 0 0 0 PAUL GERHARDT SECRETARY 4.00 0.40 X X 0 0 0 ALEXANDER POWELL JR ASSISTANT SECRETARY 4.00 0.40 X X 0 0 0 DR MATTHEW T LAMBERT TREASURER 4.00 0.10 X X 0 0 0 TERRY BANEZ DIRECTOR 3.00 0.10 X 0 0 0 ALLISON J BRODY DIRECTOR 3.00 0.10 X 0 0 0 DONALD BUCKLESS DIRECTOR 3.00 0.10 X 0 0 0 LOUISE CANFIELD DIRECTOR 3.00 0.10 X 0 0 0 ELIZABETH DAVIS DIRECTOR 3.00 0.10 X 0 0 0 TERRY DRISCOLL DIRECTOR 3.00 0.10 X 0 0 0 MICHAEL FOX DIRECTOR 3.00 0.10 X 0 0 0 VERNON GEDDY III DIRECTOR 3.00 0.10 X 0 0 0 CONNIE MATTHEWS HARSHAW DIRECTOR 3.00 0.10 X 0 0 0 JUDY KNUDSON DIRECTOR 3.00 0.10 X 0 0 0 TIMOTHY MILLS DIRECTOR 3.00 0.10 X 0 0 0 DR CARLENE PITTMAN DIRECTOR 3.00 0.10 X 0 0 0 BRANDON RANDALL DIRECTOR 3.00 0.10 X 0 0 0 CHRIS SMITH DIRECTOR 3.00 0.10 X 0 0 0 SCOTT STABLER DIRECTOR 3.00 0.10 X 0 0 0 ROBERT UNDERWOOD DIRECTOR 3.00 0.10 X 0 0 0 JOHN VANAKEN DIRECTOR 3.00 0.10 X 0 0 0 GREGORY STORER PRESIDENT & CEO 55.00 1.00 X 377942 0 38485 JAMES MICHAEL WILLIAMS COO (THRU 06/24) 60.00 1.00 X 186873 0 16438 JUANITA PARKS CFO (THRU 08/24) 60.00 1.00 X 207799 0 10316 MARTIN KANE CFO (AS OF 10/24) 60.00 1.00 X 36174 0 1504 SALLY WOLFE DIRECTOR OF DEVELOPMENT 45.00 0.00 X 133430 0 20648 VONNIE ADAMS DIRECTOR OF ASST. LIVING 45.00 0.00 X 168818 0 17713 LISA BATES CHIEF MARKETING OFFICER 45.00 0.00 X 134551 0 19782 CHARLES KNIGHT DIRECTOR OF IT 45.00 0.00 X 132620 0 18529 CARL STORY DIRECTOR FACILITIES MANAGEMENT 45.00 0.00 X 128262 0 26045 1506469 0 169460 13 0 1 0 WM JORDAN COMPANY INC 11010 JEFFERSON AVENUE NEWPORT NEWS VA 23601 CONSTRUCTION CONTRACTOR 16978205 SODEXO INC PO BOX 36 PITTSBURGH PA 15251 CULINARY SERVICES 3964939 FUNCTIONAL PATHWAYS 10133 SHERRILL BLVD KNOXVILLE TN 37932 THERAPY SERVICES 791421 GUERNSEY TINGLE 4350 NEW TOWN AVE WILLIAMSBURGH VA 23188 ARCHITECHTURE SERVICES 695130 DOMINION ENERGY PO BOX 26543 RICHMOND VA 23290 UTILITY SERVICES 580681 79 752608 752608 INDEPENDENT LIVING 623000 29828164 29828164 ASSISTED LIVING 623000 9056947 9056947 SKILLED NURSING 623000 7216130 7216130 ADULT DAY 623000 675322 675322 46776563 1732913 1732913 46256 0 46256 46256 46256 1078548 901066 217210 177482 -217210 -39728 -39728 49268612 46776563 0 1739441 387904 387904 875531 875531 16751930 14998165 1638155 115610 269284 259765 9519 1027063 904416 116431 6216 1451801 1239947 201991 9863 2345 2345 261765 261765 103212 103212 8362 6176 2186 3653132 2698034 947996 7102 223151 192474 14857 15820 979964 845247 132869 1848 2095729 1807627 288102 121381 104695 16641 45 16854 14537 2317 3391057 2882398 508659 7919407 6731496 1187911 645733 548873 96860 SUPPLIES 1271898 1032754 239144 DIETARY 2446039 2446039 REPAIRS 551128 475364 75764 MISCELLANEOUS 382383 295157 87226 155639 24258 131381 44992692 37895326 6853636 243730 1292365 8168781 0 677797 365450 365450 535545 1339443 32693 23902 277081 306014 838501 1197789 251834248 106501855 121556605 145332393 22727086 78589457 35381060 38244362 254902 627249 183261288 274872637 2567130 11359013 46289990 49992350 102212993 175286574 79384239 78801577 230454352 315439514 X -49298425 -42526975 2105361 1960098 -47193064 -40566877 183261288 274872637 X 4275920 2862001 8362 -520096 X X 0 1 X 1 0 X 1936809 4817931 172956 1076569 752608 8756873 41239803 39189985 41900142 44324983 46776563 213431476 43176612 44007916 42073098 45401552 47529171 222188349 14948 53205 15275 83428 0 14948 53205 15275 83428 222104921 532739 678052 763649 1331781 1779169 5085390 532739 678052 763649 1331781 1779169 5085390 43709351 44685968 42836747 46733333 49308340 227273739 0.97730 0.98270 0.02240 0.01700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20493423 20493423 168281465 75453159 92828306 31768794 20000944 11767850 31290566 11047752 20242814 145332393 RESTRICTED UNDER RESIDENCY AGREEMENTS 5036246 F RESTRICTED BY DONORS 660018 F RESTRICTED UNDER CONTINUING CARE (MUTUAL FUNDS) 8506606 F RESTRICTED UNDER BOND AGREEMENT 59623500 F RESTRICTED FOR RESIDENT CARE 4605581 F RESTRICTED UNDER CHARITABLE GIFT ANNUITIES (FIXED INCOME) 157506 F 78589457 UNRESTRICTED INVESTMENTS 38244362 F 38244362 DUE TO AFFILIATE 8506606 CHARITABLE GIFT ANNUITIES 82414 LEASE LIABILITY 186211 REFUNDABLE ADVANCE FEES 64354338 ADVANCE FEE DEPOSITS 4985008 REFUNDABLE RESERVATION DEPOSITS 687000 78801577 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 6 286889 EDUCATION FUND 38 101015 PART I, LINE 2: THE ORGANIZATION PROVIDES ASSISTANCE TO ITS RESIDENTS AND EMPLOYEES, AS NEEDED. X X X X X 1 1 0 0 0 0 0 0 0 GREGORY STORER PRESIDENT & CEO 376875 0 0 0 1067 0 17493 0 20992 0 416427 0 0 0 JUANITA PARKS CFO (THRU 08/24) 207799 0 0 0 0 0 9634 0 682 0 218115 0 0 0 JAMES MICHAEL WILLIAMS COO (THRU 06/24) 186755 0 0 0 118 0 6233 0 10205 0 203311 0 0 0 VONNIE ADAMS DIRECTOR OF ASST. LIVING 168262 0 0 0 556 0 8629 0 9084 0 186531 0 0 0 LISA BATES CHIEF MARKETING OFFICER 134090 0 0 0 461 0 10315 0 9467 0 154333 0 0 0 CARL STORY DIRECTOR FACILITIES MANAGEMENT 127932 0 0 0 330 0 6397 0 19648 0 154307 0 0 0 SALLY WOLFE DIRECTOR OF DEVELOPMENT 132977 0 0 0 453 0 10180 0 10468 0 154078 0 0 0 CHARLES KNIGHT DIRECTOR OF IT 132263 0 0 0 357 0 2815 0 15714 0 151149 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, LINES 4A-B JAMES MICHAEL WILLIAMS RECEIVED A SEVERANCE PAYMENT OF $64,605. THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457 PLAN: GREGORY STORER $9,637 JAMES MICHAEL WILLIAMS $3,117 JUANITA PARKS $4,512 SALLY WOLFF $3,393.42 LISA BATES $3,438 VONNIE ADAMS $4,314 MARTIN KANE $733.55 A EECONOMIC DEVELOPMENT AUTHORITY OF WILLIAMSBURG VIRGINIA 541696911 000000000 2007-11-14 9000000 REFUND OBLIGATION ISSUED 03/14/06 0 0 0 B INDUSTRIAL DEVELOPMENT AUTHORITY OF MATHEWS COUNTY VIRGINIA 546001417 000000000 2011-12-15 10000000 REFINANCE RENOVATIONS TO SENIOR LIVING FACILITIES 0 0 0 C INDUSTRIAL DEVELOPMENT AUTHORITY OF MATHEWS COUNTY VIRGINIA 546001417 000000000 2012-01-26 7500000 REFINANCE RENOVATIONS TO SENIOR LIVING FACILITIES 0 0 0 D ECONOMIC DEVELOPMENT AUTHORITY OF MATHEWS COUNTY VIRGINIA 546001417 000000000 2016-10-18 10000000 CONSTRUCTION OF MEMORY CARE, ASST. LIVING, AND REHAB UNITS 0 0 0 A 3195000 9000000 9000000 1 0 1 1 B 2550000 10000000 100011 9899989 2013 0 0 1 1 C 1915000 7500000 60000 7440000 2013 0 0 1 1 D 1245005 10000000 166572 193564 9639864 2017 0 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 1 0 0 0 1 C 0 0 1 0 1 0 0 0 1 D 0 0 1 0 1 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K, PART II, LINE 1 STATE LTHE AMOUNT OF BONDS RETIRED FOR BOND NUMBER 5, ISSUED BY THE ECONOMIC DEVELOPMENT AUTHORITY OF JAMES CITY COUNTY, VIRGINIA ON 10/13/2021 HAS BEEN CORRECTED. THE AMOUNT OF BONDS RETIRED WAS REPORTED ON THE 2023 FORM 990, SCHEDULE K WAS $8,545,815 AND WAS CALCULATED INCORRECTLY. THE CALCULATION HAS BEEN CORRECTED, AND THE AMOUNT OF BONDS RETIRED AT 12/31/2024 WAS $3,875,000. A ECONOMIC DEVELOPMENT AUTHORITY OF JAMES CITY COUNTY VIRGINIA 541139263 47029WED5 2021-10-13 77240815 REFUND OBLIGATIONS ISSUED 12/12/07, 12/19/12, 1/10/13, ,6/4/15, AND 10/15/16 0 0 0 B EECONOMIC DEVELOPMENT AUTHORITY OF JAMES CITY COUNTY VIRGINIA 541139263 47029WEG8 2024-01-02 77101920 CONSTURCTION AND EQUIPPING OF SENIOR LIVING FACILITY CAPITAL PROJECTS 0 0 0 A 3875000 77240815 5391715 1313974 70535126 1 0 1 1 B 77101920 4224123 6257903 1542158 29556765 35520971 0 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 1 0 0 0 0 0 1 B 0 1 1 0 1 0 0 0 1 A 1 B 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 11,883. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -1,747. PAYMENTS ON CHARITABLE GIFT ANNUITIES 0. NET ASSETS RELASED FROM RESTRICTIONS FOR OPERATIONS -530,232. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. BIRCHWOOD LAND LLC 5700 WILLIAMSBURG LANDING DR WILLIAMSBURG VA 23185 521305909 RESIDENTIAL PROPERTY LEASING VA 46256 947614 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 WILLIAMSBURG LANDING INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0