2015-11-16T15:12:40-06:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2014-01-01 521266582 WESTMINSTER CANTERBURY OF WINCHESTER INC WEST 5406650156 300 WESTMINSTER CANTERBURY DRIVE WINCHESTER VA 22603 GLORIA J SHILEY PRESIDENT & CEO 5406650156 2015-11-13 1 JOHN NORMAN P01506766 7049985200 2014 2016-04-25 22:37:26Z SHENANDOAH VALLEY WESTMINSTER-CANTER GLORIA J SHILEY 300 WESTMINSTER CANTERBURY DRIVE WINCHESTER VA 22603 37667785 0 X WWW.SVWC.ORG X 1982 VA ENABLING RESIDENTS TO USE THEIR GIFTS FULLY, LIVE LIVES RICHLY, & ENJOY THE YEARS GOD HAS GIVEN. 18 18 418 100 -2015 -2015 305743 282670 21190169 21252337 2425121 4084866 -2863 -1019270 23918170 24600603 76489 81219 0 0 10394047 10469123 0 0 252345 11063904 11538299 21534440 22088641 2383730 2511962 115864855 114896220 95426909 94349593 20437946 20546627 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 17698483 81219 21252337 BEYOND PROVIDING ACCOMMODATIONS, SERVICES AND FINANCIAL ASSISTANCE TO ELDERS, SHENANDOAH VALLEY WESTMINSTER-CANTERBURY ("SVWC") IS A RESPONSIBLE COMMUNITY MEMBER. SERVICES PROVIDED INCLUDE MEETING SPACE FOR LOCAL NON-PROFITS AND CIVIC ORGANIZATIONS AND HOSTING COMMUNITY EVENTS, SUCH AS THE ANNUAL APPLE BLOSSOM FESTIVAL. ADDITIONALLY, SVWC PROVIDES THE LAUNDRY SERVICES FOR OUR LOCAL WINCHESTER AREA TEMPORARY THERMAL SHELTER (WATTS) THROUGHOUT NOVEMBER - MARCH. OTHER COMMUNITY ORGANIZATIONS RECEIVING SVWC SUPPORT IS THE GARDEN CLUB OF VIRGINIA, TEENS OPPOSING POVERTY, FIRST NIGHT WINCHESTER AND THE WINCHESTER ORCHESTRA. MOREOVER, SVWC DONATES MEDICAL SUPPLIES TO THE LOCAL FREE MEDICAL CLINIC, BUILDING SUPPLIES TO HABITAT FOR HUMANITY AND MEALS AND TRANSPORTATION SERVICES TO THE SHENANDOAH AREA AGENCY ON AGING MEALS ON WHEELS PROGRAM. BY SPONSORING MANY OF THE NATIONAL ORGANIZATIONS LOCAL EVENTS, SVWC PARTNERS WITH THE ALZHEIMER'S ASSOCIATION, ARTHRITITS FOUNDATION AND THE AMERICAN CANCER SOCIETY. 17698483 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 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 0 0 0 0 1 81 0 1 418 1 1 1 0 0 0 0 0 0 0 0 0 X 18 18 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 MR STEPHEN PETTIT CPA BOARD MEMBER 1.00 X X 0 0 0 MR WILLIAM W PIFER BOARD MEMBER 1.00 X 0 0 0 MR SCOTT HARVARD BOARD MEMBER 1.00 X 0 0 0 MR SCOTT ARTHUR BOARD MEMBER 1.00 X 0 0 0 MR ROGER ZEBARTH BOARD MEMBER 1.00 X 0 0 0 MR DAN WALL BOARD MEMBER 1.00 X 0 0 0 DR HARRY POLING BOARD MEMBER 1.00 X 0 0 0 REV WEBSTER GIBSON BOARD MEMBER 1.00 X 0 0 0 MRS KAREN SCHULTZ BOARD MEMBER 1.00 X 0 0 0 MRS KATHRYN GANSKE BOARD MEMBER 1.00 X 0 0 0 MR JOSEPH KALBACH BOARD MEMBER 1.00 X 0 0 0 MRS KAREN HILLYARD BOARD MEMBER 1.00 X 0 0 0 MR RICHARD G CREASEY BOARD MEMBER 1.00 X 0 0 0 REV RICHARD W REIFNSYDER BOARD MEMBER 1.00 X 0 0 0 DENNIS MCLOUGHLIN ESQ BOARD MEMBER 1.00 X 0 0 0 MR JOHN S SCULLY BOARD MEMBER 1.00 X X 0 0 0 MR TERRY L SINCLAIR BOARD MEMBER 1.00 X X 0 0 0 MRS GLORIA J SHILEY PRESIDENT & CEO 40.00 X 211598 0 31908 MR DUANE A WERNECKE CFO 40.00 X 98389 0 23579 MICHELLE THOMAS DIRECTOR OF NURSING 40.00 X 108396 0 16230 JOHN FERRULLI DIRECTOR OF IT 40.00 X 113313 0 27895 531696 0 99612 3 0 1 0 HOWARD SHOCKEY & SON COMPANY PO BOX 2530 WINCHESTER VA 22604 CONSTRUCTION 2161383 SODEXHO INC & AFFILIATES PO BOX 536922 ATLANTA GA 30353 DINING SERVICES CONTRACTOR 1761329 NOELKER AND HULL & ASSOCIATES 30 W KING STREET CHAMBERSBURG PA 17201 ARCHITECTURAL 557940 CARROLL CONSTRUCTION 283 EBERT ROAD WINCHESTER VA 22603 CONSTRUCTION 350328 GLASS DOCTOR 130 MILLWOOD AVE WINCHESTER VA 22601 BUILDING SUPPLIES 334721 22 282670 282670 RESIDENT SERVICES 623000 10196682 10196682 AMORTIZED FEES 623000 5836273 5836273 ASSISTED LIVING REVENUE 623000 2428062 2428062 HEALTH CARE SERVICES 623000 1978456 1978456 812864 812864 21252337 2022822 2022822 7435 9450 -2015 -2015 -2015 15119776 13057732 2062044 2062044 2062044 LOSS ON EXTINGUISHMENT OF DEBT 623990 -1017255 -1017255 -1017255 24600603 21252337 -2015 3067611 81219 81219 7267061 6960360 306701 985894 903344 82550 222872 222872 1457809 384424 1007534 65851 535487 449448 79991 6048 38959 38959 54075 54075 355228 99728 255500 305876 305876 383999 238635 137854 7510 1657856 1345948 303174 8734 38001 20497 16265 1239 135529 123812 8752 2965 1746539 1746539 4398216 4398216 FOOD 1120740 1120740 EQUIP. RENTAL, R&M 860806 580500 280306 DUES/MEMBERSHIPS 42183 12361 29822 LAUNDRY EXPENSE 16172 16172 384120 80925 225747 77448 22088641 17698483 4137813 252345 2014 3741 1448839 2505344 104997 50000 1590131 2408625 2127 2127 622867 493307 103149606 44270586 56527935 58879020 53883083 49145813 1682862 1408243 115864855 114896220 2070468 2572299 47769725 49140550 43061114 38266009 2525602 4370735 95426909 94349593 X 14969861 14713683 5436185 5801044 31900 31900 20437946 20546627 115864855 114896220 2511962 -2403281 0 X X 0 1 X 1 0 X 365430 208075 312889 305743 282670 1474807 20228543 21586120 20466881 21195951 21250322 104727817 20593973 21794195 20779770 21501694 21532992 106202624 17791 7649 5877 31317 0 17791 7649 5877 31317 106171307 2723123 1359388 1914843 1609317 2022822 9629493 2723123 1359388 1914843 1609317 2022822 9629493 1097 426 -460 -2863 -1800 23318193 23154009 22694153 23108148 23555814 115830317 0.91660 0.89890 0.08310 0.07800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31900 31900 31900 31900 31900 31900 26900 5000 31900 26900 26900 1.00000 0 0 304994 304994 84318710 36328981 47989729 12266547 7014423 5252124 6259355 927182 5332173 58879020 INVESTMENTS 49145813 F 49145813 RESIDENT DEPOSITS 957430 REFUNDABLE ADVANCE ADMISSION DEPOSIT 3413305 4370735 X 24940265 95585 95585 24844680 -1015755 771678 -244077 24600603 22088641 0 22088641 0 22088641 PART V, LINE 4: TO CONTRIBUTE TO THE ENHANCEMENT OF THE QUALITY OF LIFE AFFORDED TO THE RESIDENTS OF WESTMINSTER CANTERBURY OF WINCHESTER, INC. PART X, LINE 2: THE CORPORATION FILES AS A TAX-EXEMPT ORGANIZATION. SHOULD THIS STATUS BE CHALLENGED IN THE FUTURE, THE 2011, 2012, AND 2013 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTION 95,585. PART XI, LINE 4B - OTHER ADJUSTMENTS: RESTRICTED INVESTMENT INCOME 489,008. RESTRICTED CONTRIBUTIONS 282,670. 1 FELLOWSHIP FUND ASSISTANCE 2 69670 TUITION REIMBURSEMENT 11 9549 SCHOLARSHIPS 2 2000 PART I, LINE 2: FINANCIAL ASSISTANCE IS GIVEN TO THOSE RESIDENTS WHICH DEMONSTRATE FINANCIAL NEED BY UPDATING RESIDENTIAL FINANCIAL INFORMATION FORM ANNUALLY. X X X 0 0 0 0 0 0 0 0 0 MRS GLORIA J SHILEY PRESIDENT & CEO 201770 0 0 0 9828 0 9674 0 22234 0 243506 0 0 0 A INDUSTRIAL DEVELOPMENT AUTHORITY CITY OF WINCHESTER 521232253 NONEAVAIL 2014-12-30 542660009 REFUND SERIES 2005 BONDS AND FINANCE IMPROVEMENTS TO FACILITIES 0 0 0 A 54266009 234272 38031737 16000000 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 SCHEDULE K, PART II, LINE 3 EXPLANATION OF TOTAL PROCEEDS OF ISSUE TOTAL PROCEEDS OF THE ISSUE INCLUDE THE ORIGINAL PROCEEDS PLUS INVESTMENT EARNINGS OF $2,705,657 THAT HAVE ACCRUED SINCE THE ISSUANCE. SCHEDULE K, PART II, LINE 9 CUMMULATIVE INTEREST EARNINGS OF DSRF THAT WERE SWEPT OUT OF DSRF AND INTO BOND FUNDS AND USED TO PAY INTEREST EXPENSE IN BOND FUND. SCHEDULE K, PART IV, LINE 5C THE GUARANTEED INVESTMENT CONTRACT WITH AIG WAS TERMINATED IN 2011 PRIOR TO MATURITY. THE GUARANTEED INVESTMENT CONTRACT WITH WELLS FARGO REMAINS OUTSTANDING. FORM 990, PART VI, SECTION B, LINE 11 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. 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 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.