2014-11-12T10:46:36-06:00 2014-06-30 410746749 CLIFTONLARSONALLEN LLP 101 NORTH TRYON STREET SUITE 1000 CHARLOTTE NC 28246 990 2013-07-01 521447069 WESTMINSTER-CANTERBURY OF THE BLUE RIDGE WEST 4349723170 250 PANTOPS MOUNTAIN RD CHARLOTTESVILLE VA 22911 MARY P CLEMENTS CFO CFO 4349723170 2014-11-11 1 JOHN NORMAN P01506766 7049985200 2013 2015-11-30 17:44:51Z GARY B SELMECZI 250 PANTOPS MOUNTAIN RD CHARLOTTESVILLE VA 22911 28743261 0 X WWW.WESTMINSTERCANTERBURY.ORG X 1985 VA PROVIDE HOUSING, HEALTH CARE, AND RELATED SERVICES TO THE ELDERLY THROUGH THE OPERATION OF A CCRC. 16 16 349 100 0 0 0 0 27059149 27695039 575623 809982 343036 238240 27977808 28743261 0 0 0 0 10944466 10929593 0 0 0 14492851 15204692 25437317 26134285 2540491 2608976 161934762 182556616 167538325 180896141 -5603563 1660475 X WESTMINSTER-CANTERBURY OF THE BLUE RIDGE'S MISSION IS TO MEET THE DYNAMIC NEEDS OF AGING BY PROVIDING HIGH QUALITY SERVICES, PROGRAMS AND RESIDENTIAL ENVIRONMENTS THROUGH A FAITH-BASED ORGANIZATION FOSTERED BY THE PRESBYTERIAN AND EPISCOPAL CHURCHES. IN ADDITION TO THE OPERATION OF A LIFE-CARE RETIREMENT COMMUNITY, WCBR ALSO ESTABLISHED AND ORGANIZED THE WESTMINSTER-CANTERBURY OF THE BLUE RIDGE FOUNDATION TO ACT AS THE FUNDRAISING ARM OF AND TO SUPPORT THE CHARITABLE MISSION OF WESTMINSTER-CANTERBURY OF THE BLUE RIDGE. 0 0 19335891 27417980 DURING FISCAL YEAR 2014, WCBR PROVIDED HOUSING, HEALTH CARE, ACTIVITIES, MEALS AND OTHER SERVICES FOR AN AVERAGE OF 370 INDIVIDUALS WHO ARE TYPICALLY AGE 62 OR OLDER. WCBR HAS 260 INDEPENDENT LIVING ACCOMMODATIONS. RESIDENCES RANGE FROM 700 SQUARE FEET APARTMENTS TO OVER 2,400 SQUARE FEET COTTAGES WITH TWO-CAR GARAGES. THE AVERAGE NUMBER OF OCCUPIED UNITS IN FISCAL YEAR 2014 WAS 218 (84%) WITH AN ADDITIONAL 74 SPOUSES OR SECOND PERSONS OCCUPYING THE SAME RESIDENCE. RESIDENT'S ACTIVITIES ARE PLENTIFUL AND DIVERSE AND INCLUDE NUMEROUS CLUBS AND COMMITTEES, LECTURES AND LIFE LONG LEARNING OPPORTUNITIES, ART CLASSES, FLOWER ARRANGING, EXERCISE PROGRAMS, SPIRITUAL SERVICES, SPECIAL EVENTS AND TRIPS THAT STIMULATE THE INTELLECT, PASSION AND INTERESTS OF OUR RESIDENTS.AN AVERAGE OF 42 INDIVIDUALS WERE PROVIDED WITH HIGH QUALITY INTERMEDIATE AND SKILLED NURSING CARE IN THE COMMUNITY'S LICENSED HEALTH CENTER EACH MONTH. IN THE COMMUNITY'S LICENSED CATERED LIVING BUILDING, AN AVERAGE OF 41 INDIVIDUALS RECEIVED HIGH QUALITY ASSISTED LIVING SERVICES EACH MONTH. ALL CATERED LIVING SERVICES ARE PROVIDED IN PET-FRIENDLY STUDIO OR ONE-BEDROOM RESIDENCES. HIGH QUALITY ASSISTED LIVING SERVICES WERE ALSO PROVIDED FOR 6 INDIVIDUALS A MONTH IN VISTA, A RESIDENTIAL, RESIDENT-CENTERED, SECURED CARE UNIT WITH STRUCTURED ACTIVITIES FOR PERSON'S WITH ALZHEIMER'S DISEASE AND RELATED COGNITIVE DEFICITS. PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPIES ARE ALSO OFFERED IN ALL LEVELS OF CARE, AS WELL AS, WITHIN A DEDICATED REHABILITATION CENTER. ALL NURSING CARE AND ASSISTED LIVING CARE AT WCBR IS PROVIDED IN PRIVATE ACCOMMODATIONS. 19335891 1 0 0 0 0 0 1 0 0 0 1 1 0 1 1 1 0 0 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 0 0 0 1 35 0 1 349 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X MARY P CLEMENTS CFO 4349723170 250 PANTOPS MOUNTAIN RD CHARLOTTESVILLE VA 22911 F MACK HALSEY TRUSTEE 1.00 X 0 0 0 J MICHAEL BURRIS TREASURER 1.00 X X 0 0 0 JAMES S KENNAN SECRETARY 1.00 X 0 0 0 BARBARA G MCMURRY VICE CHAIR 1.00 X X 0 0 0 KATHERINE F WILLARD TRUSTEE 1.00 X 0 0 0 WILLIAM E CARTER JR CHAIRMAN 2.00 X X 0 0 0 DONALD D SANDRIDGE TRUSTEE 1.00 X 0 0 0 LEONE L CIPORIN TRUSTEE 1.00 X 0 0 0 RICHARD S SHANK TRUSTEE 1.00 X 0 0 0 ALAN N CULBERTSON TRUSTEE 1.00 X 0 0 0 DAVID M MALONEY TRUSTEE 1.00 X 0 0 0 GARY B SELMECZI CEO/PRESIDENT 40.00 X X 354649 0 57349 DONNA H NUNLEY TRUSTEE 1.00 X 0 0 0 DEBORAH C DESMOND TRUSTEE 1.00 X 0 0 0 PAMELA FITZGERALD TRUSTEE 1.00 X 0 0 0 ROBERT W TUCKER JR TRUSTEE 1.00 X 0 0 0 MICHAEL J HALSETH TRUSTEE 1.00 X 0 0 0 MARY P CLEMENTS CFO/ASST TREASURER 40.00 X 162688 0 19961 PATRICIA A VANCE ADMINISTRATOR 40.00 X 119820 0 6863 LAURA L JONES MARKETING 40.00 X 110769 0 21890 747926 0 106063 4 0 1 0 WHITING-TURNER CONTRACTORS 9210 ABORETUM PARKWAY STE 190 RICHMOND VA 23236 CONSTRUCTION 11169743 SIMPLEX-GRINNELL 100 SIMPLEX DRIVE WESTMINSTER MA 04173 LIFE SAFETY SYSTEM 885022 SFCS 305 SOUTH JEFFERSON ST ROANOKE VA 24011 ARCHITECT & ENGINEER 777581 ABRAHAMSE & COMPANY 325 WINDING RIVER LANE CHARLOTTESVILLE VA 22911 CONSTRUCTION 541228 GENESIS REHAB SERVICES PO BOX 7247-6524 PHILADELPHIA PA 19170 THERAPY (PT, OT, ST) 427398 14 PROGRAM REVENUE 623000 27417980 27417980 OTHER RESIDENTIAL SERVICES 623000 277059 277059 27695039 295537 295537 514445 0 514445 514445 514445 EXPENSE REIMBURSEMENT FROM FOUNDA 623000 155007 155007 MISCELLANEOUS 900009 83233 83233 238240 28743261 27933279 0 809982 594645 594645 7843448 7265709 577739 602213 602213 1265715 1063584 202131 623572 545749 77823 105392 105392 61980 61980 65900 65900 1110736 939967 170769 335093 335093 109080 109080 516 516 2276708 2276708 62178 62178 3225984 3225984 5016694 5016694 214602 214602 FOOD 1061085 1061085 PROGRAM SUPPLIES 568577 568577 THERAPY EXPENSE 450954 450954 REPAIRS AND MAINTENANCE 222479 222479 316734 146864 169870 26134285 19335891 6798394 0 871804 3184545 241795 304508 270930 237260 181708552 51231626 105481545 130476926 41470565 33072031 13598123 15281346 161934762 182556616 2361912 6072144 44805801 47637842 85816349 93094576 34554263 34091579 167538325 180896141 X -13187568 -6573748 7183776 7831819 400229 402404 -5603563 1660475 161934762 182556616 X 2608976 2219754 2435308 X X 0 1 X 1 0 X 26582105 28049188 25719936 27059019 27417980 134828228 26582105 28049188 25719936 27059019 27417980 134828228 0 6103099 6103099 6103099 6103099 128725129 256675 211738 297049 264469 295537 1325468 256675 211738 297049 264469 295537 1325468 333907 378767 357922 343036 515299 1928931 27172687 28639693 26374907 27666524 28228816 138082627 0.93220 0.97730 0.00960 0.00980 X X 1 1 400229 2175 402204 399079 1150 400229 396979 2100 399079 395879 1100 396979 394820 1059 395879 1.00000 0 1 1 2024321 2024321 133036660 42987728 90048932 12387969 7041097 5346872 34259602 1202801 33056801 130476926 INVESTMENTS 20485212 F ASSETS LIMITED AS TO USE 12586819 F 33072031 DEPOSITS 462655 BOND ISSUE COSTS 1804186 DEFERRED MARKETING COSTS 493734 INTEREST IN FOUNDATION 12515717 DUE FROM WESTMINSTER-CANTERBURY FOUNDATION 5054 15281346 PENSION LIABILITY 1281411 DEPOSITS 165000 INTEREST PAYABLE 2070367 OTHER LIABILITIES 1852261 ENTRY FEE NONREFUNDABLE 28722540 34091579 X PART II, LINE 9: THE ORGANIZATION AGREED TO SET ASIDE 17 ACRES FOR NON DEVELOPMENT AS A CONDITION OF SITE PLAN APPROVAL WITH THE COUNTY OF ALBEMARLE. IT IS ONLY REPORTED ON FORM 990 AND AS A NATURE TRAIL IN OUR DOCUMENTS. PART V, LINE 4: THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE FOUNDATION MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRESERVE AND GROW CAPITAL, STRIVE FOR CONSISTENT ABSOLUTE RETURNS, PRESERVE PURCHASING POWER BY STRIVING FOR LONG-TERM RETURNS WHICH EITHER MATCH OR EXCEED THE SET PAYOUT, FEES AND INFLATION WITHOUT PUTTING THE PRINCIPAL VALUE AT IMPRUDENT RISK, AND DIVERSIFY INVESTMENTS CONSISTENT WITH COMMONLY ACCEPTED INDUSTRY STANDARD TO MINIMIZE THE RISK OF LARGE LOSSES. PART X, LINE 2: THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. THE ORGANIZATION HAS ADOPTED GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE IMPLEMENTATION HAS HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. 1 X X X X 0 1 0 0 0 0 0 0 0 GARY B SELMECZI CEO/PRESIDENT 213958 0 24095 0 116596 0 39122 0 18227 0 411998 0 0 0 MARY P CLEMENTS CFO/ASST TREASURER 129633 0 3500 0 29555 0 11687 0 8274 0 182649 0 0 0 PART I, LINE 4B GARY B. SELMECZI AND MARY P. CLEMENTS RECEIVED 457 PLAN PAYMENTS OF $87,100 AND $13,873, RESPECTIVELY. A INDUSTRIAL DEVELOPMENT AUTHORITY OF ALBERMARLE COUNTY VIRGINIA 521297503 01266LBH2 2005-07-28 24579337 REFINANCING OF PREVIOUS DEBT 0 0 0 B INDUSTRIAL DEVELOPMENT AUTHORITY OF ALBERMARLE COUNTY VIRGINIA 521297503 01266LCB4 2007-03-28 51700457 REFINANCING OF PREVIOUS DEBT 0 0 0 C ECONOMICAL DEVELOPMENT AUTHORITY OF ALBERMARLE COUNTY VIRGINIA 521297503 01266WAK2 2012-12-12 38265602 BUILD NEW INDEPENDENT LIVING AND RENOVATIONS 0 0 0 A 8045000 24953600 51405 491586 24953469 131 2005 1 0 1 1 B 4385000 51765842 5709813 778998 51751360 14482 2012 1 1 1 1 C 38276995 1200084 531772 765312 493017 5372858 27771960 2014 0 0 0 1 A 0 1 1 1 0 0.01000 0.01000 0.02000 0 0 1 B 0 1 1 1 0 0.00010 0.00010 0 0 1 C 0 0 1 1 0 0 0 1 A 0 0 1 1 0 0 0 0 1 B 0 0 0 1 0 0 0 1 1 C 0 1 1 0 1 0 0 0 1 A 1 B 1 C 1 PART II, LINE 3 THE TOAL PROCEEDS SHOWN ON PART II, LINE 3 FOR ALL THREE BOND ISSUES DIFFER FROM THE AMOUNTS SHOWN ON PART I, COLUMN (E) DUE TO THE INVESTMENT EARNINGS THAT ACCUMULATED BEFORE THE PROCEEDS OF THE BOND ISSUES WERE FULLY SPENT. PART II, LINE 4 THE SERIES 2005 BONDS, THE SERIES 2007 BONDS AND THE SERIES 2012A BONDS ARE SECURED BY A PARITY DEBT SERVICE RESERVE FUND PURSUANT TO THE TERMS OF THE INDENTURE OF TRUST DATED AS OF NOVEMBER 1, 1995 (THE "INDENTURE") BETWEEN WESTMINSTER-CANTERBURY OF THE BLUE RIDGE, INC. AND U.S. BANK, NATIONAL ASSOCIATION, AS BOND TRUSTEE. UPON THE ISSUANCE OF EACH SERIES OF BONDS, A PORTION OF THE BOND PROCEEDS OF THE APPLICABLE SERIES, WHICH IS REFLECTED IN THE LINE ITEM 4, PART II, ABOVE, WAS DEPOSITED INTO THE DEBT SERVICE RESERVE FUND TO FUND UP TO THE INCREASED DEBT SERVICE RESERVE REQUIREMENT. AS OF THE END OF THE FISCAL YEAR ENDED JUNE 30, 2014, FOR WHICH THIS SCHEDULE K IS PROVIDED, THE BALANCE IN THE DEBT SERVICE RESERVE FUND WAS $5,877,934. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF TRUSTEES FINANCE COMMITTEE REVIEWED THE FORM 990 AND THE FORM WAS SENT TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD IS ASKED TO FILL OUT A CONFLICT OF INTEREST FORM AT THE BEGINNING OF EACH BOARD YEAR. FORM 990, PART VI, SECTION B, LINE 15 FOR THE CEO, A COMPENSATION STUDY IS PERFORMED EVERY THREE YEARS BY A CONSULTANT AND PROVIDED TO THE EXECUTIVE COMMITTEE FOR REVIEW ACTION. FOR ALL OTHER EMPLOYEES OF THE ORGANIZATION, A STUDY IS PERFORMED EVERY THREE YEARS BY A CONSULTANT. THE STUDY EVALUATES LIKE POSITIONS AGAINST THE MARKET TO ENSURE EXTERNAL COMPETITIVENESS. THIS REVIEW WAS LAST PERFORMED THIS YEAR. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONCLICT OF INTEREST POLICY, DISCLOSURE STATEMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE BUDGET, MONTHLY FINANCIAL STATEMENTS, AND THE AUDIT ARE POSTED ON EMMA. FORM 990, PART XI, LINE 9: DEFERRED ACTUARIAL PENSION GAIN 494,981. BENEFICIAL INTEREST OF NET ASSETS OF FOUNDATION 1,940,327. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. WESTMINSTER-CANTERBURY OF THE BLUE RIDGE FOUNDATION 250 PANTOPS MOUNTAIN ROAD CHARLOTTESVILLE VA 22911 541882970 PROVIDED FINANCIAL SUPPORT FOR FELLOWSHIP FUNDS VA 501(C)(3) 509(A)(3) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 WESTMINSTER CANTERBURY OF THE BLUE RIDGE FOUNDATION S 392158 ACTUAL PAYMENT