2024-07-17T14:26:30-05:00 2023-09-30 440160260 FORVIS MAZARS LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2022-10-01 237378013 WARM HEARTH INC WARM 5405529176 2607 WARM HEARTH DRIVE NO 100 BLACKSBURG VA 24060 MOLLY NEVITT CFO 5404433403 2024-07-17 1 MOLLY NEVITT 999009999 1 AMY BIBBY P00445891 8282542254 2024-06-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIAM LESTER 2607 WARM HEARTH DRIVE NO 100 BLACKSBURG VA 24060 5082852 0 X WWW.RETIRE.ORG X 1974 VA THE CORPORATION PROVIDES SUPERVISION, MANAGEMENT AND DEVELOPMENT SERVICES TO A SENIORS HOUSING COMMUNITY WHICH IS OPERATED BY 501(C)(3) AND 501(C)(4) ORGANIZATIONS AND PROVIDES HOUSING TO APPROXIMATELY 500 ELDERLY AND HANDICAPPED PERSONS. 17 17 448 200 0 0 13578 2945485 1938256 2091559 490 45808 179619 0 2131943 5082852 0 0 0 0 1101199 1673054 0 0 0 1152570 1257400 2253769 2930454 -121826 2152398 9848371 13558191 8403957 9961379 1444414 3596812 THE CORPORATION PROVIDES SUPERVISION, MANAGEMENT AND DEVELOPMENT SERVICES TO A SENIORS HOUSING COMMUNITY WHICH IS OPERATED BY 501(C)(3) AND 501(C)(4) ORGANIZATIONS AND PROVIDES HOUSING TO APPROXIMATELY 500 ELDERLY AND HANDICAPPED PERSONS. 0 0 2238950 2091559 THE CORPORATION PROVIDES SUPERVISION, MANAGEMENT AND DEVELOPMENT SERVICES TO A SENIORS HOUSING COMMUNITY WHICH IS OPERATED BY 501(C)(3) AND 501(C)(4) ORGANIZATIONS AND PROVIDES HOUSING TO APPROXIMATELY 500 ELDERLY AND HANDICAPPED PERSONS. 2238950 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 38 0 1 448 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 VA X MOLLY J NEVITT 5404433403 2607 WARM HEARTH DR STE 100 BLACKSBURG VA 24060 KATHERINE ALLEN DIRECTOR 3.50 0.50 X 0 0 0 ALLAN BOOKOUT DIRECTOR 3.50 0.50 X 0 0 0 TARA FRENCH DIRECTOR 3.50 0.50 X 0 0 0 CHARLES JOHNSON DIRECTOR 3.50 0.50 X 0 0 0 HING-HAR LO SECRETARY 3.50 0.50 X 0 0 0 TOMMY MCDEEARIS DIRECTOR 3.50 0.50 X 0 0 0 BRIDGET MCMAHON DIRECTOR 3.50 0.50 X 0 0 0 THOMAS PIERCE DIRECTOR 4.00 0.50 X 0 0 0 JASON POSPICHAL VICE CHAIRMAN / TREASURER 3.50 0.50 X 0 0 0 WILLIAM PRICE VICE CHAIRMAN 3.50 0.50 X 0 0 0 RICHARD SHEPHERD DIRECTOR 3.50 0.50 X 0 0 0 MIKE SPEARS DIRECTOR 4.00 0.50 X 0 0 0 ED SPENCER CHAIR 3.50 0.50 X 0 0 0 MEG STONE DIRECTOR 3.50 0.50 X 0 0 0 PAMELA TEASTER DIRECTOR 3.50 0.50 X 0 0 0 TRACY VOSBURGH DIRECTOR 3.50 0.50 X 0 0 0 LESTER LUTHER PRESIDENT AND CEO (START 07/2022) 36.00 4.00 X 66775 0 2001 MOLLY NEVITT CFO 36.00 4.00 X 127688 0 3814 HEATHER GEARHART VICE PRESIDENT 36.00 4.00 X 105613 0 2282 TAMBRA DIXON DIRECTOR OF MARKETING 36.00 4.00 X 110451 0 2966 KEVIN SANDS RN DIRECTOR OF QA AND EDU 36.00 4.00 X 104948 0 3048 KORIE FLANNAGAN NURSING HOME ADMIN 36.00 4.00 X 106600 0 3193 BRAD DALTON FORMER PRES AND CEO (END 07/2022) 36.00 4.00 X 143229 0 3413 765304 0 20717 6 1 0 0 CHERRY BEKAERT LLP PO BOX 25549 RICHMOND VA 232605500 AUDITING FIRM 207900 1 34308 2911177 2945485 MANAGEMENT FEES 623000 960395 960395 VILLAGE CENTER REVENUE 623000 595194 595194 LIFE-LEASE FEES 623000 233541 233541 SERVICE INCOME 623000 185780 185780 CABLE TV/INTERNET/PHON 623000 116649 116649 2091559 45808 45808 5082852 2091559 0 45808 337693 185731 151962 787717 712555 75162 57723 46074 11649 328002 261806 66196 161919 129241 32678 17306 17306 86617 86617 91148 56332 34816 16265 16265 75256 18323 56933 47698 1561 46137 82853 76541 6312 8168 5456 2712 5885 5885 155766 155766 413895 413895 26700 26700 FOOD 110194 77989 32205 TAXES AND LICENSES 59749 59729 20 SUPPLIES 34661 8273 26388 MISCELLANEOUS 22261 22261 2978 2978 2930454 2238950 691504 0 112043 115007 1115537 941195 -798 -391 138443 186217 11883664 3941913 7971146 7941751 512000 4374412 9848371 13558191 199241 205521 834365 826999 4357980 4144492 3012371 4784367 8403957 9961379 X 1444414 3596812 1444414 3596812 9848371 13558191 2152398 0 X X 0 1 X 1 0 X 38517 24933 2157677 13578 34308 2269013 1835438 1671404 1678386 1938256 2091559 9215043 1873955 1696337 3836063 1951834 2125867 11484056 0 766691 804151 779716 828061 909566 4088185 766691 804151 779716 828061 909566 4088185 7395871 165 1848 1591 490 45808 49902 165 1848 1591 490 45808 49902 182957 169493 179619 2911177 3443246 1874120 1881142 4007147 2131943 5082852 14977204 0.49380 0.62080 0.00330 0.00040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 679063 679063 9823593 3456058 6367535 263682 92766 170916 1117326 393089 724237 7941751 REPLACEMENT RESERVE 4138904 DUE FROM AFFILIATES 204187 ROU ASSET 31321 4374412 DUE TO AFFILIATES 3646928 REFUNDABLE LIFE LEASE FEES 1106118 LEASE LIABILITY 31321 4784367 X X X 0 0 0 0 0 0 0 0 0 BRAD DALTON FORMER PRES AND CEO (END 07/2022) 113229 0 30000 0 0 0 3413 0 0 0 146642 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE RETURN IS PROVIDED TO THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS PRIOR TO FILING. THE FINANCE COMMITTEE DISCUSSES THE 990 AT THEIR REGULARLY SCHEDULED MEETING IN MAY OF EACH YEAR. THE FINANCE COMMITTEE IS RESPONSIBLE FOR RECEIVING THE AUDIT REPORTS OF THE INDEPENDENT AUDITOR AND REVIEWING THE FORM 990 PREPARED BY THE INDEPENDENT ACCOUNTANTS. THE FINANCE COMMITTEE REPORTS BACK TO THE BOARD OF DIRECTORS ANY RECOMMENDATIONS OR FINDINGS OF THEIR STUDY. FORM 990, PART VI, SECTION B, LINE 12C THE EMPLOYEE HANDBOOK HAS A STATEMENT OF THE CODE OF CONDUCT AND THE CONFLICT OF INTERESTS POLICY. THE BOARD MEMBER ORIENTATION MATERIALS INCLUDE THIS INFORMATION AS WELL. THE EMPLOYEES ARE ASKED TO REVIEW THIS POLICY AS A PART OF THEIR ANNUAL PERFORMANCE REVIEW AND BOARD MEMBERS ARE REQUESTED TO UPDATE THEIR COMMITMENT TO THIS POLICY UPON REELECTION TO A NEW TERM. FORM 990, PART VI, SECTION B, LINE 15 A COMMITTEE OF THE BOARD OF DIRECTORS IS APPOINTED TO REVIEW THE COMPENSATION LEVELS OF OFFICERS AND KEY EMPLOYEES AND FOR ESTABLISHING THE NEW PAY RATES OF THESE EMPLOYEES. COMPENSATION IS COMPARED WITH SALARY SURVEY INFORMATION AVAILABLE FROM NATIONAL TRADE ASSOCIATIONS ENGAGED IN SIMILAR ACTIVITIES. THE COMPENSATION LEVEL IS DETERMINED BY CONSENSUS OF THE COMMITTEE AND REPORTED TO HUMAN RESOURCES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE TO BE VIEWED IN CARSON LIBRARY UPON WRITTEN REQUEST ADDRESSED TO THE CHIEF FINANCIAL OFFICER. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. FOUNDERS FOREST INC 2607 WARM HEARTH DRIVE NO 100 BLACKSBURG VA 24060 541185224 HOUSING VA 501(C)(4) N/A 0 NEW CENTURY HOUSING INC 2607 WARM HEARTH DRIVE NO 100 BLACKSBURG VA 24060 311788636 HOUSING VA 501(C)(4) N/A 0 NRV NURSING CENTER INC 2607 WARM HEARTH DRIVE NO 100 BLACKSBURG VA 24060 311583073 HEALTH CARE VA 501(C)(3) LINE 10 N/A 0 NEW RIVER HOUSE INC 2607 WARM HEARTH DRIVE NO 100 BLACKSBURG VA 24060 521257779 HOUSING VA 501(C)(3) LINE 10 N/A 0 SHOWALTER CENTER INC 2607 WARM HEARTH DRIVE NO 100 BLACKSBURG VA 24060 541185223 HOUSING VA 501(C)(3) LINE 10 N/A 0 TROLINGER HOUSE INC 2607 WARM HEARTH DRIVE NO 100 BLACKSBURG VA 24060 521224684 HOUSING VA 501(C)(3) LINE 10 N/A 0 WARM HEARTH AT HOME INC 2607 WARM HEARTH DRIVE NO 100 BLACKSBURG VA 24060 464213353 HOME CARE VA 501(C)(3) LINE 10 N/A 0 WARM HEARTH FOUNDATION INC 2607 WARM HEARTH DRIVE NO 100 BLACKSBURG VA 24060 541639629 SUPPORT VA 501(C)(3) LINE 12A, I N/A 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 1 0 1 0 0