2012-03-06T18:36:19-06:00 2011-09-30 BROWN EDWARDS & COMPANY LLP PO BOX 10189 LYNCHBURG VA 245060189 990 2010-10-01 540988608 WESTMINSTER-CANTERBURY OF LYNCHBURG INC WEST 4343863500 501 VES ROAD LYNCHBURG VA 24503 PAUL SHELTON 4343863500 2012-02-15 1 SUSAN ACKLEY 4349489000 2010 2016-02-24 21:20:13Z PAUL SHELTON 501 VES ROAD LYNCHBURG VA 24503 23797157 0 X WWW.WCLYNCHBURG.ORG X 1975 VA TO OPERATE A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY GUIDED BY CHRISTIAN IDEALS. 16 16 494 2387 17551 0 92403 181798 20946857 22552551 242991 339045 695130 723763 21977381 23797157 520859 242626 0 0 12438128 13195263 0 0 0 10367813 10886156 23326800 24324045 -1349419 -526888 58655908 58765933 66111684 69007844 -7455776 -10241911 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 22804317 242626 23276314 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 379 TOTAL RESIDENTS AT SEPTEMBER 30, 2011 WITH 93% OF THE INDEPENDENT LIVING UNITS OCCUPIED. WCL IS COMMITTED TO A PROGRAM OF SERVICES WHICH PROVIDE RESIDENTS WITH HOUSING, HEALTHCARE, SECURITY AND A VARIETY OF ACTIVITIES AND SERVICES. 22804317 1 1 0 0 0 0 0 0 1 1 1 0 1 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 0 1 0 0 0 0 1 X 104 0 1 494 1 1 1 0 0 0 0 0 0 0 0 1 1 0 X 16 16 0 0 0 0 1 1 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 MR GEORGE P RAMSEY JR 2.00 X 0 0 0 MR WALLACE G MCKENNA JR 2.00 X 0 0 0 MR E STARK SYDNOR 2.00 X 0 0 0 MR MAX GUGGENHEIMER JR 2.00 X 0 0 0 MR WILLIAM N MAYS 2.00 X 0 0 0 THE REV BILL RUSSELL 2.00 X 0 0 0 MR LESTER L LAMB 2.00 X 0 0 0 DR STUART H HARRIS JR 2.00 X 0 0 0 MR MICHAEL A WEBB 2.00 X 0 0 0 MR J ROBERT MONTGOMERY 2.00 X 0 0 0 MR ROBERT N POWER 2.00 X 0 0 0 MR JAMES E BURTON IV 2.00 X 0 0 0 MS JOYCE MOORMAN 2.00 X 0 0 0 MS NANCY B GLENN 2.00 X 0 0 0 THE REV DR DOUGLAS WIGNER 2.00 X 0 0 0 MSELIZABETH M ZELLNER 2.00 X 0 0 0 SEAN HUYETT 40.00 X 0 0 0 JOSEPH PL PAYNE 40.00 X 0 0 0 ELAINE ROBERTSON 40.00 X 0 0 0 PAUL SHELTON 40.00 X 0 0 0 LIZ KAIL 40.00 X 0 0 0 DENIS DEANE 40.00 X 0 0 0 COMBINED COMPENSATION OF ALL OFFICE 40.00 X 644290 0 30709 HUNSDON CARY III 0.00 X 0 0 0 HUNSDON CARY III X 184065 0 0 828355 0 30709 2 1 1 0 SODEXO 9801 WASHINGTON BOULEVARD GAITHERSBURG MD 20878 FOOD SERVICES 257870 1 181798 181798 RESIDENTIAL SVCS 623000 11266266 11266266 HEALTH CARE SVCS 623000 10347314 10347314 COMMUNITY SVCS 623000 549756 549756 THERAPY SVCS 623000 385971 385971 DENTAL SVCS 623000 3244 3244 22552551 329866 17551 312315 9179 9179 9179 9179 MEALS AND LODGING 623000 309002 309002 BEAUTY SHOP 623000 168897 168897 SATELLITE TV INCOME 623000 75645 75645 170219 170219 723763 23797157 23276314 17551 321494 242626 242626 668499 668499 9633361 9258623 374738 691500 664601 26899 1439970 1383955 56015 761933 732294 29639 40058 38500 1558 48200 46325 1875 245086 235552 9534 122699 117926 4773 489173 460706 28467 1094902 1052310 42592 65548 62998 2550 1381029 1327307 53722 2591947 2491120 100827 202682 194798 7884 RAW FOOD EXPENSE 1127390 1083535 43855 THERAPY 1060486 1060486 SODEXO FEES 792581 761750 30831 PHARMACY 696056 696056 REPAIRS AND MAINTENANCE 420757 404390 16367 507562 488459 19103 24324045 22804317 1519728 0 8197976 9548826 999073 1157410 876024 1578582 107834 125566 677750 724302 69732454 34981966 35569545 34750488 6481571 6142255 5746135 4738504 58655908 58765933 5345103 6965415 28997487 31312348 27695318 26896721 86674 33729 3987102 3799631 66111684 69007844 X -9289555 -12764105 13752 808876 1820027 1713318 -7455776 -10241911 58655908 58765933 X -526888 -2259247 X X 0 1 1 X 0 X 234560 192465 125739 92403 181798 826965 19145530 20267712 20633523 20946857 22552551 103546173 19380090 20460177 20759262 21039260 22734349 104373138 0 0 0 104373138 390181 167039 219248 242991 339045 1358504 390181 167039 219248 242991 339045 1358504 485510 491805 668420 695130 723763 3064628 20255781 21119021 21646930 21977381 23797157 108796270 0.95930 0.95370 0.01250 0.01920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8305796 48660 561749 7792707 7822202 558393 74799 8305796 8131468 78156 387422 7822202 0.67510 0.22380 0.10110 1 0 437817 437817 61996280 31250348 30745932 847490 517585 329905 6346196 3214033 3132163 104671 104671 34750488 MUTUAL FUNDS 3303620 F U.S. GOVERNMENT AND AGENCY SECURITIES 2114598 F U.S. GOVERNMENT AND CORPORATE OBLIGATIONS 458400 F MARKETABLE EQUITY SECURITIES 265637 F 6142255 OTHER RECEIVABLES 128005 OTHER INVESTMENTS 2105365 TRUSTS HELD BY OTHERS 2505134 4738504 REFUNDABLE RESERVATION DEPOSIT 141500 ADVANCE FEE DEPOSITS 74800 REFUNDABLE ADVANCE FEES 2474671 ANNUITIES PAYABLE 982844 MISCELLANEOUS 125816 3799631 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO HELP WITH OPERATIONS OF WESTMINSTER CANTERBURY OF LYNCHBURG. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CORPORATION'S TAX EXEMPT RETURNS FROM 2007 FORWARD ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. 1 RESIDENTIAL FEE ASSISTANCE TO RESIDENTS 149 242626 OTHER INFORMATION: PART IV: THE FELLOWSHIP FUNDS OF THE ORGANIZATION RESULT FROM DONATIONS FOR THE PURPOSE OF ASSISTING THOSE RESIDENTS WHO OTHERWISE WOULD NOT BE ABLE TO AFFORD TO RESIDE AT THE ORGANIZATION. THE ORGANIZATION HAS DETAILED WRITTEN GUIDELINES TO DETERMINE WHAT, IF ANY, OF THIS ASSISTANCE WILL BE GRANTED TO A RESIDENT. ONCE GRANTED, THE RESIDENTS FINANCIAL INFORMATION IS REVIEWED ANNUALLY TO DETERMINE IF THEY STILL QUALIFY OR ANY CHANGES ARE NECESSARY. X X X X X 0 0 0 0 0 0 0 0 0 COMBINED COMPENSATION OF ALL OFFICE 644290 0 0 0 0 0 30709 0 0 0 674999 0 0 0 HUNSDON CARY III 184065 0 0 0 0 0 0 0 0 0 184065 0 0 0 INDUSTRIAL DEVELOPMENT AUTHORITY - CITY OF LYNCHBURG 551244DP8 2005-04-21 5645000 MORTGAGE 0 0 0 INDUSTRIAL DEVELOPMENT AUTHORITY - CITY OF LYNCHBURG 551244EP7 2007-02-07 24225000 MORTGAGE 0 0 0 5645000 5607200 228900 1 1 1 1 24225000 23906195 532756 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CONTRIBUTIONS FORM 990, PART V, QUESTIONS 7G AND 7H: THE ORGANIZATION DID NOT RECEIVE CONTRIBUTIONS OF QUALIFIED INTELLECTUAL PROPERTY IN 2010, THEREFORE THERE WAS NO FORM 8899 REQUIRED. ADDITIONALLY, THE ORGANIZATION DID NOT RECEIVE ANY CONTRIBUTION OF PROPERTY THAT WOULD REQUIRE THE ORGANIZATION TO FILE FORM 1098-C. FORM 990, PART VI, SECTION A, LINE 6 WC HAS TWO MEMBER CORPORATIONS: WESTMINSTER PRESBYTERIAN HOMES, INC, AN ORGANIZATION OF THE SYNOD OF THE VIRGINIAS OF THE PRESBYTERIAN 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 A, LINE 7A NEW BOARD MEMBERS ARE PRESENTED TO THE FULL BOARD ON A "SLATE". THE FULL BOARD APPROVES THE SLATE. IF ACCEPTED, THE SLATE IS FORWARDED TO THE MEMBER CORPORATIONS FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 11 THE PERFORMANCE OVERSIGHT COMMITTEE IS RESPONIBLE 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 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE ORGANIZATION KEEPS A COPY OF THE AUDITED FINANCIAL STATEMENTS AND FORM 990 IN THE LIBRARY FOR PUBLIC ACCESS. THE ORGANIZATION ALSO SUBMITS QUARTERLY STATEMENTS TO THE MSRB DATA SITE. CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC FORM 990, PART VII MR. GEORGE P. RAMSEY, JR - 3831 OLD FOREST RD. SUITE 6, LYNCHBURG, VA 24503. MR. WALLACE G. MCKENNA, JR - 3320 WOODRIDGE PLACE, LYNCHBURG, VA 24503. MR. E. STARK SYDNOR - 4108 PEAKLAND PLACE, LYNCHBURG, VA 24503. MR. MAX GUGGENHEIMER, JR - 416 TRENTS FERRY ROAD, LYNCHBURG, VA 24503. MR. WILLIAM N. MAYS - P.O.BOX 68, AMHERST, VA 24521. THE REV BILL RUSSELL - 1022 FLOYD STREET, LYNCHBURG, VA 24501. MR. LESTER L. LAMB - 105 SAINT DAVID DRIVE, LYNCHBURG, VA 24502. DR. STUART H. HARRIS JR. - 3607 MANTON DRIVE, LYNCHBURG, VA 24503. MR. MICHAEL A. WEBB - 1115 GILFIELD DRIVE, FOREST, VA 24551. MR. J. ROBERT MONTGOMERY - 2231 TIMBERLAKE DR., LYNCHBURG, VA 24502. MR. ROBERT N. POWER - 105 TRADING BLOCK LANE, FOREST, VA 24551. MR. JAMES E. BURTON IV - 1314 LEE JACKSON JWY, LYNCHBURG, VA 24503. MS. JOYCE MOORMAN - P O BOX 180, THAXTON, VA 24171. MS. NANCY B. GLENN - 1436 CLUB DRIVE, LYNCHBURG, VA 24503. THE REV. DR. DOUGLAS WIGNER - 104 YORKSHIRE CIRCLE, LYNCHBURG, VA 24502. MS.ELIZABETH M. ZELLNER - 4925 MOUNTAIN LAUREL DRIVE, LYNCHBURG, VA 24503. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: UNREALIZED LOSS ON INVESTMENT SECURITIES -245,064. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -44,830. AMOUNTS RELATED TO RECOGNITION OF MINIMUM PENSION LIABILITY -1,751,212. INCREASE IN PV OF PERPETUAL TRUST FUNDS -106,664. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -46,034. RECLASSIFICATION -65,443. TOTAL TO FORM 990, PART XI, LINE 5: -2,259,247. FORM 990, PART XI, QUESTION 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR WITH REGARD TO THE COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. AUDITED FINANCIALS PART IV, PAGE 3, QUESTION 12 WESTMINSTER CANTERBURY AND WESTMINSTER CANTERBURY FOUNDATION ARE CONSOLIDATED FOR FINANCIAL STATEMENT PURPOSES. 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)3 509(A)(3) TYPE 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0