2015-08-14T08:04:16-05:00 2014-09-30 410746749 CLIFTONLARSONALLEN LLP 300 CROWN COLONY DRIVE SUITE 310 QUINCY MA 02169 990 2013-10-01 237162493 WESTMINSTER CANTERBURY CORPORATION WEST 8042646000 1600 WESTBROOK AVENUE RICHMOND VA 232273337 W RUSSELL GARDNER CFO 8042646000 2015-08-04 1 BARBARA MORRISON P00173340 6179848100 2015-07-13 2013 2016-03-07 17:11:31Z W RUSSELL GARDNER 1600 WESTBROOK AVENUE RICHMOND VA 232273337 85067712 0 X WWW.WCRICHMOND.ORG X 1975 VA CONTINUE CARE RETIREMENT. FELLOWSHIP SUPPORT IS OFFERED TO NEW RESIDENTS WITH DEMONSTRATED FINANCIAL NEED AS WELL AS TO EXISTING RESIDENTS WHOSE RESOURCES HAVE WANED. RESIDENTS THAT CONSISTENTLY ADHERE TO THE FELLOWSHIP PROGRAM'S GUIDELINES WILL NEVER BE ASKED TO LEAVE DUE TO AN INABILITY TO PAY. 16 16 781 361 0 0 2923286 2084044 54220625 57115445 7766850 6425041 0 0 64910761 65624530 3495941 2642449 0 0 19431291 19939890 0 0 0 35514117 37800716 58441349 60383055 6469412 5241475 280704982 279596710 242471221 234982087 38233761 44614623 X AS A FAITH BASED CHARITABLE ORGANIZATION, WE WILL PROVIDE SERVICES, SPECIFIC TO NEED, IN A COMPASSIONATE, PROFESSIONAL, HOLISTIC MANNER, THROUGH AN INSPIRING ENVIROMENT AND DYNAMIC LEADERSHIP FOR OUR RESIDENTS, EMPLOYEES AND OTHERS WE SERVE. 0 0 58489173 2642449 57115445 AS A MINISTRY OF THE EPISCOPAL AND PRESBYTERIAN CHURCHES, WESTMINSTER CANTERBURY PROVIDES 510 RESIDENCES FOR INDEPENDENT LIVING,; 72 APARTMENTS FOR THOSE WITH COGNITIVE DECLINE, 97 APARTMENTS FOR ASSISTED LIVING; AND 158 INTERMEDIATE AND SKILLED NURSING BEDS, ALL FOR PERSONS AGED 62 AND OLDER. IN ADDITION, WESTMINSTER CANTERBURY PROVIDES RESIDENTS WITH THE OPPORTUNITIES FOR SOCIALIZATION, INTELLECTUAL STIMULATION, ENTERTAINMENT, RECREATION, PHYSICAL CARE AND SPIRITUAL ENRICHMENT. SPECIFIED SERVICES ARE PROVIDED UNDER THE CONTINUING CARE CONTRACT (RESIDENCE AND CARE AGREEMENT). WESTMINSTER CANTERBURY'S CCRC PRODUCTS ARE REGISTERED WITH THE COMMONWEALTH OF VIRGINIA, BUREAU OF INSURANCE. OTHER SERVICE AND FACILITIES MADE AVAILABLE ARE FOR AN EXTRA CHARGE I.E. MEALS PURCHASED INDIVIDUALLY OR AS PART OF AN OPTION PLAN, DRUGS, BEAUTY SHOP, INTERNET ETC. FINANCIAL AID IS AVAILABLE TO THOSE WHOSE FINANCIAL RESOURCES ARE NOT SUFFICIENT TO COVER ENTRANCE FEE, MONTHLY FEE OR BOTH. ALL FINANCIAL INFORMATION PROVIDED BY THE PROSPECTIVE RESIDENTS IS ANALYZED USING A SOFTWARE PROGRAM CALLED FINAID. THIS PROGRAM USES ACTUARIAL TABLES TO PROJECT HOW MUCH, IF ANY, FINANCIAL ASSISTANCE MAY BE NEEDED BY EACH PROSPECTIVE RESIDENT. 58489173 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 1 0 0 0 1 78 0 1 781 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JAMES HOLMES - CONTROLLER 8042646000 1600 WESTBROOK AVENUE RICHMOND VA 232273337 DAVID M WILLIAMS CHAIRMAN OF THE BOARD 1.00 3.00 X 0 0 0 MARK M GORDON VICE CHAIRMAN OF THE BOARD 1.00 3.00 X 0 0 0 MARK M JONES THRU 122013 TRUSTEE 1.00 3.00 X 0 0 0 BETSY A BLAIR TRUSTEE 1.00 3.00 X 0 0 0 RENEE B FAIN TRUSTEE 1.00 3.00 X 0 0 0 RHAMRICK III MD THRU 122013 TRUSTEE 1.00 3.00 X 0 0 0 PATRCIA B CUSHNIE TRUSTEE 1.00 3.00 X 0 0 0 MARK S HEDBERG TRUSTEE 1.00 3.00 X 0 0 0 BRUCE R ARNETT THRU 122013 TRUSTEE 1.00 3.00 X 0 0 0 ELIZABETH MARTH THRU 122013 TRUSTEE 1.00 3.00 X 0 0 0 BENJAMIN C ACKERLY TRUSTEE 1.00 3.00 X 0 0 0 CHERYL D MOORE TRUSTEE 1.00 3.00 X 0 0 0 TIMOTHY R HARRIS TRUSTEE 1.00 3.00 X 0 0 0 REVERAND LOUISE BLANCHARD TRUSTEE 1.00 3.00 X 0 0 0 THOMAS JEFFERSON TRUSTEE 1.00 3.00 X 0 0 0 BRUCE A KAY TRUSTEE 1.00 3.00 X 0 0 0 JEAN L OAKEY AS OF 012014 TRUSTEE 1.00 3.00 X 0 0 0 A SPENSIERI AS OF 012014 TRUSTEE 1.00 3.00 X 0 0 0 GEORGE JENNISON AS OF 012014 TRUSTEE 1.00 3.00 X 0 0 0 A WALLANCE IIIAS OF 012014 TRUSTEE 1.00 3.00 X 0 0 0 DONALD D LECKY PRESIDENT & CEO 12.00 38.00 X 0 367845 57317 W RUSSELL GARDNER CFO 15.00 35.00 X 0 230706 30198 ROBERT D COX VICE PRESIDENT 35.00 15.00 X 0 180576 47333 MARY HAWLEY VICE PRESIDENT 15.00 35.00 X 0 132150 23306 VIRGINIA S PURCELL SENIOR DEVELOPMENT OFFICER 0.00 50.00 X 0 118761 38766 KELLY D MERRICKS DIRECTOR OF RESOURCE DEVEL 8.00 42.00 X 0 102492 20560 WILLIAM H BLACKWELL VICE PRESIDENT 35.00 15.00 X 159153 0 21586 GAYLE H HAGLUND DIRECTOR OF RESOURCE DEVEL 3.00 47.00 X 0 0 0 SHARON M POZNANCZYK DIRECTOR OF NURSING 50.00 0.00 X 123969 0 19413 JAMES M HOLMES CONTROLLER 15.00 35.00 X 0 118587 16099 THOMPSON R PYLE DIRECTOR OF DINING SERVICE 45.00 5.00 X 105146 0 20811 W RAY INSCOE DIRECTOR PASTORAL SERVICES 32.00 18.00 X 0 106690 37375 ELIZABETH B BUSH VICE PRESIDENT 33.00 17.00 X 0 123940 20300 388268 1481747 353064 3 1 1 0 PFG VIRGINIA FOOD SERVICE PO BOX 2801 RICHMOND VA 23228 FOOD SUPPLIER 2026846 GENESIS ELDERCARE REHABILITATION SERVICE PO BOX 7427-6524 PHILADELPHIA PA 19170 REHAB PROVIDER 1103763 COLONIAL WEBB CONTRACTORS 2820 ACKLEY AVENUE RICHMOND VA 23227 GENERAL CONTRACTORS 892246 MCKESSON MEDICAL 8121 10TH AVE N GOLDEN VALLEY MN 55427 MEDICAL SUPPLIES 427340 BROOKS & COMPANY 4801 HERMITAGE ROAD RICHMOND VA 23227 GENERAL CONTRACTORS 409971 5 1986219 97825 97825 2084044 RESIDENT SERVICE REVENUE 623000 51697071 51697071 OTHER REVENUES 623000 5418374 5418374 57115445 1479204 1479204 24389019 19325543 117639 5063476 -117639 4945837 4945837 65624530 57115445 0 6425041 2642449 2642449 18501262 17933445 567817 14552 14057 495 1424076 1375663 48413 10646683 10291150 355533 326208 326208 1675637 1675637 110 110 581729 581729 1996220 1928356 67864 6896 6896 3500 3500 4400443 4254193 146250 10071506 9737424 334082 54 54 DIETARY EXPENSES 2717658 2717658 REPAIR AND MAINT. 1465689 1465689 LOSS ON EXTINGUISHMENT 1282809 1239199 43610 PROGRAM SUPPLIES 1239581 1239581 1385993 1385993 60383055 58489173 1893882 0 6533193 7140617 11706210 4928414 867344 888390 1051974 409977 33915 24287 925689 691570 244985210 111975819 140041444 133009391 48564067 58500478 54397444 62834463 16583702 11169123 280704982 279596710 4508625 4968517 108337918 106517178 114061049 107479711 15563629 16016681 242471221 234982087 X 23520524 29388382 14713237 15226241 38233761 44614623 280704982 279596710 X 5241475 3003789 -1864402 X X 0 1 X 1 0 X 1894746 2396547 1947481 2923286 2084044 11246104 49731994 53363539 52642903 54220625 57115433 267074494 51626740 55760086 54590384 57143911 59199477 278320598 0 0 0 278320598 3718373 3521281 3532965 6559548 6425041 23757208 3718373 3521281 3532965 6559548 6425041 23757208 55345113 59281367 58123349 63703459 65624518 302077806 0.92140 0.91530 0.07860 0.06590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14713237 1221239 -656230 -52005 15226241 24092822 1565399 -623823 -10321161 14713237 22330918 3457267 -1695363 24092822 26840117 -3249422 -1259777 22330918 22076477 2952705 -1810935 26840117 1.00000 0 0 1601107 1601107 163930382 48302175 115628207 55755898 45781957 9973941 23697823 17891687 5806136 133009391 REAL ESTATE FUNDS 4370463 F ALTERNATIVE INVESTMENTS 58464000 F 62834463 DUE TO RELATED PARTIES 12671340 FAIR VALUE OF INTEREST RATE SWAP 386613 REFUNDABLE DEPOSITS 1513827 OTHER CURRENT LIABILITIES 1198925 OTHER LIABILITIES 245976 16016681 X 65709220 3003789 268008 3271797 62437423 3187107 3187107 65624530 59217885 117639 117639 59100246 1282809 1282809 60383055 PART V, LINE 4: THESE FUNDS ARE USED BY THE ORGANIZATION TO SUPPORT FELLOWSHIP ASSISTANCE. THE FUNDS ARE MADE UP OF PECH, FELLOWSHIP AND BASKERVILLE/FINCH FUNDS. PART X, LINE 2: WESTMINSTER CANTERBURY CORPORATION IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE CORPORATION IS IN RECEIPT OF FAVORABLE IRS DETERMINATION LETTERS WITH RESPECT TO THE TAX-EXEMPT STATUS OF THE ENTITY. SECTION 58-12.35 OF THE CODE OF VIRGINIA SPECIFICALLY EXEMPTS THE PROPERTY OF THE CORPORATION ONLY FROM STATE AND LOCAL TAXATION. THE CORPORATION'S 2011 THROUGH 2013 TAX YEARS ARE OPEN FOR EXAMINATION BY THE IRS. THE CORPORATION FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THIS STANDARD DOES NOT HAVE A SIGNIFICANT IMPACT ON THE FINANCIAL STATEMENTS. THE CORPORATION FOLLOWS THE ACCOUNTING STANDARD FOR CONTINGENCIES FOR EVALUATING UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SWAP 150,369. SALE OF EQUIPMENT NETTED IN EXPENSE 117,639. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGES IN BENEFIT OBLIGATIONS 1,904,298. LOSS ON DEBT EXTINGUISHMENT NETTED IN INCOME 1,282,809. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF EQUIPMENT NETTED IN INCOME 117,639. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON EXTINGUISHMENT OF DEBT NETTED IN INCOME 1,282,809. 1 FELLOWSHIP PROGRAM- FINANCIAL ASSISTANCE TO ELDERLY FOR MONTHLY MAINTENANCE FEES FOR INDEPENDENT LIVING FACILITY. 112 2642449 PART I, LINE 2: SCHEDULE I PART 1, LINE 2: ALL FINANCIAL INFORMATION PROVIDED BY PROSEPECTIVE RESIDENTS IS ANALYZED USING A SOFTWARE PROGRAM CALLED FINAID. THIS PROGRAM USES ACTUARIAL TABLES TO PROJECT HOW MUCH, IF ANY, FINANCIAL ASSISTANCE MAY BE NEEDED BY EACH PROSPECTIVE RESIDENT. THE ANALYSIS IS COMPLETED WITHOUT REGARD TO RACE OR RELIGION. WHEN FINANCIAL AID IS PROJECTED AS NECESSARY, SPECIFIC GUIDELINES ARE USED TO DETERMINE THE EXTENT TO WHICH THE ORGANIZATION WILL BE ABLE TO MEET THAT INDIVIDUAL'S NEED. EACH YEAR THE ORGANIZATION RETAINS AN ACTUARY TO DETERMINE THE ORGANIZATIONS FUTURE LIFETIME MONTHLY FINANCIAL OBLIGATION. IN THIS MANNER, THE ORGANIZATION CONFIRMS THE AVAILABILITY OF FUNDS SUFFICIENT TO SUPPORT THE NEEDS OF THE RESIDENTS FOR THE REST OF THEIR LIVES. X 0 0 X X X X 0 0 0 0 0 0 0 0 0 DONALD D LECKY PRESIDENT & CEO 0 293442 0 47391 0 27012 0 37700 0 19617 0 425162 0 0 W RUSSELL GARDNER CFO 0 210051 0 16527 0 4128 0 12911 0 17287 0 260904 0 0 ROBERT D COX VICE PRESIDENT 0 165793 0 14023 0 760 0 30958 0 16375 0 227909 0 0 MARY HAWLEY VICE PRESIDENT 0 121970 0 10180 0 0 0 7776 0 15530 0 155456 0 0 VIRGINIA S PURCELL SENIOR DEVELOPMENT OFFICER 0 117943 0 0 0 818 0 23484 0 15282 0 157527 0 0 WILLIAM H BLACKWELL VICE PRESIDENT 140709 0 15500 0 2944 0 5604 0 15982 0 180739 0 0 0 ELIZABETH B BUSH VICE PRESIDENT 0 116832 0 0 0 7108 0 11007 0 9293 0 144240 0 0 PART I, LINE 1A DONALD D. LECKY $15,663 AND ROBERT D. COX $1,076 GROSS UP PAYMENTS WERE FOR CASH PAYMENT OF DISALLOWED 457B CONTRIBUTION OVER THE MAXIMUM ALLOWED, INCLUDED IN COMPENSATION. PART I, LINE 1B THERE IS NO WRITTEN POLICY. A ECONOMIC DEVELOPMENT AUTHORITY OF HENRICO COUNTY VIRGINIA 541197472 42605QDF7 2006-11-30 63145000 PARTIAL REFINANCING OF 2003A SERIES 0 0 0 B ECONOMIC DEVELOPMENT AUTHORITY OF HENRICO COUNTY VIRGINIA 541197472 2010-12-29 30000000 REFINANCE OF 2008 & 2003 BONDS 0 0 0 C ECONOMIC DEVELOPMENT AUTHORITY OF HENRICO COUNTY VIRGINIA 541197472 2012-12-13 14575000 REFINANCE OF 2008 BONDS 0 0 0 D ECONOMIC DEVELOPMENT AUTHORITY OF HENRICO COUNTY VIRGINIA 541197472 2014-08-28 5907052 REFINANCE OF 2003A BONDS 0 0 0 A 63145000 3669045 1074889 58401066 2006 1 0 1 1 B 30000000 313390 1 0 1 1 C 14575000 151018 1 0 1 1 D 5907052 19988 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 1 1 BB&T BANK 10.000000000000 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 A ECONOMIC DEVELOPMENT AUTHORITY OF HENRICO COUNTY VIRGINIA 541197472 2014-08-29 31034187 REFINANCE OF PART OF 2006 BONDS 0 0 0 A 31034187 105012 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 BENJAMIN ACKERLY LEGAL SERVICES 62803 ATTORNEY WITH HUNTON AND WILLIAMS. FACILITY ENGAGES HUNTON WILLIAMS FOR SOME OF THEIR LEGAL WORK. MR. ACKERLY HAS NOT BEEN INVOLVED IN ANY OF THE LEGAL WORK. 0 BRUCE ARNETT BANKING SERVICES 50000 INVESTMENT BANKER WITH SCOTT AND STRINGFELLOW, A BRANCH OF BB&T. ORGANIZATION HAS BANK ACCOUNTS AND LETTER OF CREDITS WITH BB&T. MR. ARNETT WAS NOT INVOLVED IN THE SET UP OF THE BANK ACCOUNTS NOR THE LETTER OF CREDITS. 0 RENEE FAIN LEGAL SERVICES 55766 ATTORNEY WITH MCGWIRE WOODS. FACILITY ENGAGES MCGWIRE WOODS FOR SOME OF THEIR LEGAL WORK. MS. FAIN HAS NOT BEEN INVOLVED IN ANY OF THE LEGAL WORK. 0 MARK S HEDBERG LEGAL SERVICES 62803 ATTORNEY WITH HUNTON AND WILLIAMS. FACILITY ENGAGES HUNTON WILLIAMS FOR SOME OF THEIR LEGAL WORK. MR. HEDBERG HAS NOT BEEN INVOLVED IN ANY OF THE LEGAL WORK. 0 X DONATED ASSET 0 97825 FMV 0 1 0 PART I, COLUMN (B): VARIOUS CONTRIBUTIONS WERE MADE DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 1 THE ORGANIZATION UPDATED ITS BYLAWS DURING THE FISCAL PERIOD REGARDING THE CHARACTER OF THE BOARD MEMBERS WHERE THERE IS NO DENOMINATIONAL RESTRICTION ON FOUR BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 WESTMINSTER-CANTERBURY MANAGEMENT IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A WESTMINSTER-CANTERBURY MANAGEMENT IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS ARE RESERVED FOR WESTMINSTER-CANTERBURY MANAGEMENT, THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11 THE FEDERAL TAX RETURN IS REVIEWED BY THE AUDIT COMMITTEE. ONCE APPROVED BY THE AUDIT COMMITTEE, THE CHAIR PRESENTS TO THE ENTIRE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE COMMITTEE MEMBERS FILL OUT A CONFLICT OF INTEREST STATEMENT. IF THERE ARE ANY CONFLICTS THE COMMITTEE MEMBER EXCUSES THEMSELVES FROM ANY PART OF THE DISCUSSION AND VOTE RELATED TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 AN OUTSIDE COMPANY IS ENGAGED EACH YEAR TO LOOK AT ALL EMPLOYEES' COMPENSATION PACKAGES, INCLUDING THE CEO'S. THE ORGANIZATION AND COMPENSATION COMMITTEE OF THE BOARD REVIEWS THE RECOMMENDATIONS OF THE OUTSIDE COMPANY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER CHANGES IN PLAN ASSETS & BENEFIT OBLIGATIONS -1,904,298. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 150,369. NET ASSET RESTATEMENT FOR IMPLEMENTATION OF ASU 2012-1 -110,473. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR AUDITOR SELECTION PROCESS DURING THE TAX YEAR. WESTMINSTER CANTERBURY FOUNDATION 1600 WESTBROOK AVE RICHMOND VA 23227 521189655 PROVIDE FUNDRAISING FOR THE BENEFIT OF A NON PROFIT RETIRMENT COMMUNITY VA 501(C)(3) LINE 8 WESTMINSTER CANTERBURY MANAGEMENT CORPORATION 0 THE GLEBE OF RICHMOND 1600 WESTBROOK AVE RICHMOND VA 23227 541552745 OPERATE AND MAINTAIN A CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY. VA 501(C)(3) LINE 9 WESTMINSTER CANTERBURY MANAGEMENT CORPORATION 0 WESTMINSTER CANTERBURY MANAGEMENT CORPORATION 1600 WESTBROOK AVE RICHMOND VA 23227 541553651 PROVIDE MANAGEMENT SERVICES TO WESTMINSTER CANTERBURY CORPORATION. VA 501(C)(3) LINE 11A, I 0 WESTMINSTER CANTERBURY CHILD CARE 1600 WESTBROOK AVE RICHMOND VA 23227 541552747 PROVIDE CHILD CARE SERVICES. VA 501(C)(3) LINE 9 WESTMINSTER CANTERBURY MANAGEMENT CORPORATION 0 0 1 1 1 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1