2023-10-11T15:31:48-05:00 2023-05-31 540504608 BROWN EDWARDS & COMPANY LLP 4951 LAKE BROOK DRIVE SUITE 375 GLEN ALLEN VA 23060 990 2022-06-01 540720603 VIRGINIA UNITED METHODIST HOMES INC VIRG 8044748700 120 EASTSHORE DRIVE 130 GLEN ALLEN VA 23059 CHRISTOPHER P HENDERSON PRESIDENT/CEO 8044748700 2023-10-09 1 CHRISTOPHER HENDERSON 999009999 0 MARK W TUCK CPA P00074594 8042826000 2023-10-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PINNACLE LIVING CHRISTOPHER P HENDERSON 120 EASTSHORE DRIVE 130 GLEN ALLEN VA 23059 114941547 0 X WWW.PINNACLELIVING.ORG X 1945 VA ENRICHING LIFE'S JOURNEY 9 8 1016 477 0 0 1327653 1721402 65627406 72135983 3279775 20019348 0 0 70234834 93876733 338136 316415 0 0 35962865 34790516 0 0 262818 31562161 31426239 67863162 66533170 2371672 27343563 253887875 253315563 198564330 191388336 55323545 61927227 X ENRICHING LIFE'S JOURNEY BY PROVIDING HOUSING, HEALTH CARE AND RELATED SERVICES FOR SENIORS. 0 0 57812557 316415 72135983 FOUNDED IN 1947, VIRGINIA UNITED METHODIST HOMES, INC. D/B/A PINNACLE LIVING PROVIDES HOUSING, HEALTH SERVICES AND FINANCIAL SECURITY TO RESIDENTS AT ITS FOUR LIFE PLAN COMMUNITIES IN VIRGINIA. THE COMMUNITIES OF PINNACLE LIVING ARE HERMITAGE RICHMOND, HERMITAGE ROANOKE, CEDARFIELD, AND WINDSORMEADE WILLIAMSBURG. PINNACLE LIVING ENRICHES LIFE JOURNEY FOR RESIDENTS LIVING IN INDEPENDENT LIVING, ASSISTED LIVING, MEMORY SUPPORT AND HEALTH CARE, AS WELL AS OLDER PERSONS IN THE BROADER COMMUNITY. PINNACLE LIVING SERVES A WIDE RANGE OF SOCIALLY AND ECONOMICALLY DIVERSE RESIDENTS THROUGH A PERSON-CENTERED FOCUS ON EACH INDIVIDUAL'S PHYSICAL, EMOTIONAL, RECREATIONAL, SOCIAL AND RELIGIOUS NEEDS. WITH A RICH LEGACY OF OVER SEVENTY-FIVE YEARS, PINNACLE LIVING HAS BUILT A LONGSTANDING REPUTATION OF PROVIDING EXCELLENT, COMPASSIONATE SUPPORT AND SERVICES IN A FAITH-BASED ENVIRONMENT. PINNACLE LIVING PROVIDES (DIRECTLY AND THROUGH THIRD PARTY ARRANGEMENTS) FOR THE HEALTH CARE OF RESIDENTS IN HOUSEHOLD AND NEIGHBORHOOD SETTINGS WITH NURSING SERVICES, ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, MEMORY SUPPORT, PHYSICAL THERAPY AND RELATED HEALTH SERVICES. PINNACLE LIVING IS COMMITTED TO PROVIDING FOR THE FINANCIAL SECURITY OF ITS RESIDENTS IN COMPLIANCE WITH THE STANDARDS APPLICABLE TO A PUBLIC CHARITY. CONSISTENT WITH THIS COMMITMENT, PINNACLE LIVING ESTABLISHED ITS SAMARITAN PROGRAM FOR BENEVOLENT CARE. THROUGH THE SAMARITAN PROGRAM, FUNDS ARE SOLICITED BY VARIOUS MEANS, INCLUDING DIRECT SOLICITATION OF MEMBERS OF THE UNITED METHODIST CHURCH, ON BEHALF OF THE RESIDENTS OF PINNACLE LIVING AND WINDSORMEADE WILLIAMSBURG WHO MAY BECOME UNABLE TO PAY THE FULL COST OF THEIR EXPENSES. PINNACLE LIVING STRIVES TO ESTABLISH, FOSTER, AND LEVERAGE EXTERNAL RELATIONSHIPS THROUGH COOPERATION, COORDINATION, AND COLLABORATION THAT EXTEND THE ORGANIZATION'S MISSION INTO THE BROADER COMMUNITY. KEY PARTNERS IN COMMUNITY ENGAGEMENT AND SOCIAL ACCOUNTABILITY INITIATIVES INCLUDE PUBLIC AND PRIVATE EDUCATIONAL INSTITUTIONS, OTHER CHARITABLE ORGANIZATIONS, HOSPITALS, SOCIAL SERVICE AGENCIES, LOCAL GOVERNMENTS, AND FAITH-BASED COMMUNITIES. 57812557 1 1 0 0 0 0 0 0 1 1 1 0 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 1 1 0 0 1 167 0 1016 1 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X CORPORATE OFFICERS 8044748700 120 EASTSHORE DRIVE 130 GLEN ALLEN VA 23059 SHIRLEY M CAUFFMAN CHAIR 1.00 X 0 0 0 KEVIN W BRUNY VICE CHAIR 1.00 X 0 0 0 HANK C COLEMAN SECRETARY/TREASURER 1.00 X 0 0 0 LISA F HAN DIRECTOR 1.00 X 0 0 0 JANE G HORNBECK DIRECTOR 1.00 X 0 0 0 F ELLEN NETTING DIRECTOR 1.00 X 0 0 0 STEVEN R JONES DIRECTOR 1.00 X 0 0 0 LISA M WILLIAMS DIRECTOR 1.00 X 0 0 0 CHRISTOPHER P HENDERSON PRESIDENT/CEO 25.00 15.00 X X 685515 0 50406 KEVIN L SALMINEN CHIEF FINANCIAL OFFICER 40.00 X 337176 0 51166 DANIEL NIMON CHIEF OPERATING OFFICER 40.00 X 355690 0 57509 MICHAEL SHAW VICE PRESIDENT LIFE PLAN C 40.00 X 289773 0 50797 RICHARD D BOTTONE VICE PRESIDENT ADMINISTRAT 40.00 X 254036 0 55540 AMY CHAPMAN EXECUTIVE DIRECTOR 40.00 X 198061 0 28672 LAURA JONES VICE PRESIDENT SALES & MARKETING 40.00 X 196945 0 32943 JAMES STOVALL EXECUTIVE DIRECTOR 40.00 X 175416 0 22573 JEAN PAUL GREGG EXECUTIVE DIRECTOR 40.00 X 247578 0 58884 MARK COLLINS DIRECTOR INFORMATION TECHN 40.00 X 170867 0 55675 MARTHA ENSLEY STOKES DIRECTOR CHURCH AND COMMUN 40.00 X 151433 0 29330 JAMES W GREEN SENIOR DIRECTOR COMMUNITY FINANCE & ACCOUNTING 40.00 X 145762 0 12580 AINA OGUNWARE H&N NURSE LPN 40.00 X 155653 0 27000 SCOTT OVERSTREET ASSOCIATE EXECUTIVE DIRECTOR II 40.00 X 133129 0 10056 DANIEL C OETZEL FORMER CHIEF OPERATING OFFICER 2.00 X 131702 0 9237 3628736 0 552368 23 1 1 0 SYCOM TECHNOLOGIES LLC PO BOX 790379 ST LOUIS MO 631790379 IT SECURITY 854390 MADISON & MAIN LLC 101 EAST CARY STREET RICHMOND VA 23219 ADVERTISING 740075 JAMES RIVER GROUNDS MANAGEMENT LLC PO BOX 936640 ATLANTA GA 311936640 LANDSCAPING 392080 THOMAS A COOPER PC 1700 BAYBERRY COURT SUITE 103 HENRICO VA 232263762 LEGAL 387640 VIRGINIA WOODCRAFTERS LLC 8609 OAKVIEW AVE RICHMOND VA 232282819 CONTRACTOR 315480 13 1721402 1721402 FEES FROM RESIDENTS 623000 58036910 58036910 OTHER OPERATING REVENUE 623000 14109285 14109285 ANCILLARY SERVICE REVENUE 623000 -10212 -10212 72135983 3317784 3317784 13233879 24532499 13722627 7342187 -488748 17190312 16701564 16701564 93876733 72135983 0 20019348 316415 316415 2994167 2994167 26032508 23739177 2078699 214632 1545691 1237176 293394 15121 2152542 1834324 318218 2065608 1764151 284955 16502 474938 474938 126945 126945 4739247 3951736 787511 727650 723409 4241 596553 447611 148214 728 1275898 1275601 297 3141630 3004651 136979 129299 24226 96892 8181 148707 64138 81590 2979 4004531 4004531 7421365 7421365 1188662 1114757 73905 DIETARY COSTS 3612619 3604428 8191 REPAIRS & MAINTENANCE 1445915 1418206 27709 MISCELLANEOUS 690480 649752 40294 434 EMPLOYEE RECRUITING & R 600807 144732 456075 1100993 1072171 28822 66533170 57812557 8457795 262818 10333860 7323042 915322 388774 233433 591158 214268810 80641588 136542808 133627222 81171013 92496235 24691439 18889132 253887875 253315563 9424285 7380856 79798916 82921017 969245 854354 106379383 99042270 1992501 1189839 198564330 191388336 X 29453915 41006139 25869630 20921088 55323545 61927227 253887875 253315563 X 27343563 -2520723 -18219158 X 0 1 X 1 0 X 1437413 3265520 1878971 1327653 1721402 9630959 61648968 60416408 60250546 65289270 71819568 319424760 63086381 63681928 62129517 66616923 73540970 329055719 0 0 0 329055719 1632442 2324326 1411464 2596899 3317784 11282915 1632442 2324326 1411464 2596899 3317784 11282915 64718823 66006254 63540981 69213822 76858754 340338634 0.96680 0.97130 0.03320 0.02870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 6338601 159457 -136669 582789 5778600 6800209 282082 -405554 338136 6338601 6114028 832751 308299 454869 6800209 3463960 2292024 770268 412224 6114028 3217333 204567 242663 200603 3463960 0.40320 0.59680 0 0 7896663 7896663 176257599 74919097 101338502 409442 99259 310183 10294895 5623232 4671663 19410211 19410211 133627222 ACCRUED INCOME RECEIVABLE 129366 BENEFICIAL INTEREST IN TRUSTS 15123495 OTHER ASSETS 1227359 ASSETS WHOSE USE IS LIMITED 1033843 DUE FROM AFFILIATE 1375069 18889132 OTHER LIABILITIES 1189839 1189839 X 72820437 -2520723 -18219158 -20739881 93560318 316415 316415 93876733 66216755 0 66216755 316415 316415 66533170 PART IV, LINE 2B: THE ORGANIZATION MAINTAINS DEPOSITS FOR PROSPECTIVE RESIDENTS UNTIL THEY ARE ACCEPTED FOR RESIDENCY IN THE COMMUNITY. PART V, LINE 4: THE INCOME FROM PINNACLE LIVING'S PERMANENTLY RESTRICTED ENDOWMENT FUND IS DEDICATED TO PROVIDE MONIES TO DEFRAY THE COST OF HOUSING AND SERVICES TO PERSONS IN PINNACLE LIVING COMMUNITIES WHO ARE UNABLE TO PROVIDE SUCH MONIES ON THEIR OWN BEHALF. PART X, LINE 2: THE FINANCIAL ACCOUNTING STANDARDS BOARD ISSUED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE COMBINED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE TAXING AUTHORITIES FOR YEARS ENDING BEFORE MAY 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: PRESENT VALUE CHANGE IN BENEFICIAL INTEREST IN TRUSTS -4,616,258. TRANSFER TO AFFILIATE -13,602,900. PART XI, LINE 4B - OTHER ADJUSTMENTS: BENEVOLENT CARE 316,415. PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEVOLENT CARE 316,415. 1 SAMARITAN PROGRAM/BENEVOLENT CARE 5 316415 FMV PART I, LINE 2: PINNACLE LIVING PROVIDES BENEVOLENT CARE THROUGH THE SAMARITAN PROGRAM TO COMMUNITY RESIDENTS WHO ARE UNABLE TO PAY A PORTION OR ALL OF THEIR EXPENSES. PARTICIPATION IN THE PROGRAM IS MONITORED BY ORGANIZATION MANAGEMENT. X X X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER P HENDERSON PRESIDENT/CEO 497931 0 183277 0 4307 0 22220 0 28186 0 735921 0 0 0 DANIEL NIMON CHIEF OPERATING OFFICER 308792 0 43165 0 3733 0 24400 0 33109 0 413199 0 0 0 KEVIN L SALMINEN CHIEF FINANCIAL OFFICER 297542 0 39544 0 90 0 41000 0 10166 0 388342 0 0 0 MICHAEL SHAW VICE PRESIDENT LIFE PLAN C 247204 0 39975 0 2594 0 27000 0 23797 0 340570 0 0 0 RICHARD D BOTTONE VICE PRESIDENT ADMINISTRAT 212851 0 39262 0 1923 0 27000 0 28540 0 309576 0 0 0 JEAN PAUL GREGG EXECUTIVE DIRECTOR 183066 0 64254 0 258 0 24405 0 34479 0 306462 0 0 0 LAURA JONES VICE PRESIDENT SALES & MARKETING 163386 0 32132 0 1427 0 6430 0 26513 0 229888 0 0 0 AMY CHAPMAN EXECUTIVE DIRECTOR 176369 0 21554 0 138 0 19821 0 8851 0 226733 0 0 0 MARK COLLINS DIRECTOR INFORMATION TECHN 150645 0 16778 0 3444 0 17063 0 38612 0 226542 0 0 0 JAMES STOVALL EXECUTIVE DIRECTOR 156043 0 19319 0 54 0 8865 0 13708 0 197989 0 0 0 AINA OGUNWARE H&N NURSE LPN 141953 0 13700 0 0 0 27000 0 0 0 182653 0 0 0 MARTHA ENSLEY STOKES DIRECTOR CHURCH AND COMMUN 136488 0 14549 0 396 0 17068 0 12262 0 180763 0 0 0 JAMES W GREEN SENIOR DIRECTOR COMMUNITY FINANCE & 137029 0 8733 0 0 0 3010 0 9570 0 158342 0 0 0 DANIEL C OETZEL FORMER CHIEF OPERATING OFFICER 96268 0 34936 0 498 0 8863 0 374 0 140939 0 0 0 A EDA OF HENRICO COUNTY VIRGINIA 541197472 42605QEB5 2012-08-09 31325144 SEE PART VI 0 0 0 B VIRGINIA SMALL BUSINESS FINANCING AUTHORITY 541300845 928103AJ9 2017-12-27 57785180 SEE PART VI 0 0 0 C EDA OF HENRICO COUNTY VIRGINIA 541197472 42605QGQ0 2019-03-13 46383571 CONSTRUCTION AND RENOVATION 0 0 0 A 16185000 31325144 2841706 626503 27856935 1996 1 0 1 1 B 58102367 2497155 3609055 1022908 35827566 15111481 2023 1 0 1 1 C 11000000 46985549 1877780 1568436 927671 33830207 9110616 0 0 0 1 B 0 1 1 1 0 0.00500 0.00500 0 0 1 C 0 1 1 1 0 0.00500 0.00500 0 0 1 A 0 0 0 1 0 0 0 1 B 0 1 0 0 0 0 0 1 1 C 0 1 0 0 1 0 0 1 1 A 1 B 1 C 1 PART I, A, (F) DESCRIPTION OF PURPOSE: REFUND THE ECONOMIC DEVELOPMENT AUTHORITY OF HENRICO COUNTY, VIRGINIA RESIDENTIAL CARE FACILITY REVENUE REFUNDING BONDS (VIRGINIA UNITED METHODIST HOMES, INC.), SERIES 2002 ISSUED ON 12/19/2002 PART I, B, (F) DESCRIPTION OF PURPOSE: CONSTRUCT AND EQUIP CEDARFIELD COMMUNITY AND REFUND THE VIRGINIA SMALL BUSINESS FINANCING AUTHORITY RESIDENTIAL FACILITY REVENUE BONDS (VIRGINIA UNITED METHODIST HOMES), SERIES 2017A AND SERIES 2017B ISSUED ON 04/18/2017 PART II, B, LINE 3 THE DIFFERENCE BETWEEN THE ISSUE PRICE AND TOTAL PROCEEDS IS INVESTMENT EARNINGS PART II, C, LINE 3 THE DIFFERENCE BETWEEN THE ISSUE PRICE AND TOTAL PROCEEDS IS INVESTMENT EARNINGS PART IV, A, LINE 2C REPORT WAS COMPLETED JUNE 2019 THIS SCHEDULE K COMPLETED FOR YEAR ENDED 05/31/2023 FORM 990, PART VI, SECTION B, LINE 11B CONSISTENT WITH THE ORGANIZATION'S ARTICLES OF INCORPORATION AND BY-LAWS AND VIRGINIA UNITED METHODIST HOMES, INC. DOING BUSINESS AS PINNACLE LIVING AUDIT COMMITTEE GUIDELINES, A COPY OF THE FORM 990 WAS PRESENTED TO THE PINNACLE LIVING AUDIT COMMITTEE, AS WELL AS ALL MEMBERS OF ITS GOVERNING BOARD PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS SIGN A SWORN DISCLOSURE STATEMENT ANNUALLY. THE INFORMATION STATED IN THE SWORN DISCLOSURE STATEMENT IS INCLUDED IN THE ANNUAL DISCLOSURE STATEMENT FILED WITH THE STATE CORPORATION COMMISSION OF VIRGINIA BY SEPTEMBER 30 OF EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 PINNACLE LIVING USES A HUMAN RESOURCES CONSULTANT TO COMPARE POSITIONS TO LIKE POSITIONS IN THE MARKET. THE MARKET ANALYSIS METHODOLOGY DEFINES THE MARKET PLACE BASED ON COMPENSATION PHILOSOPHY (I.E. LIFE PLAN COMMUNITIES, HEALTH CARE, HOSPITALITY AND NON-PROFIT ORGANIZATIONS). THE REGIONAL MARKET INCLUDES METRO AREAS, VIRGINIA STATEWIDE AND SOUTH ATLANTIC STATES. MARKET DATA IS COLLECTED FROM NUMEROUS SURVEYS. FORM 990, PART VI, SECTION C, LINE 19 PINNACLE LIVING'S ARTICLES OF INCORPORATION ARE ON FILE WITH THE STATE CORPORATION COMMISSION OF VIRGINIA AND AVAILABLE TO THE PUBLIC ON REQUEST. PINNACLE LIVING'S CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. PINNACLE LIVING'S AUDITED FINANCIAL STATEMENTS ARE INCLUDED IN ITS ANNUAL DISCLOSURE STATEMENT FILED WITH THE STATE CORPORATION COMMISSION OF VIRGINIA. THAT DISCLOSURE STATEMENT IS MADE AVAILABLE TO THE PUBLIC BY THE SCC WEBSITE AND TO ALL PINNACLE LIVING RESIDENTS, PROSPECTIVE RESIDENTS, AND TO THE PUBLIC UPON REQUEST. IN ADDITION, PINNACLE LIVING'S FINANCIAL INFORMATION IS MADE AVAILABLE TO THE PUBLIC ON GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: PRESENT VALUE CHANGE IN BENEFICIAL INTEREST IN TRUSTS -4,616,258. TRANSFER TO AFFILIATE -13,602,900. VIRGINIA UNITED METHODIST HOMES OF WILLIAMSBURG INC 120 EASTSHORE DRIVE 130 GLEN ALLEN VA 23059 300173798 LIFE PLAN COMMUNITY VA 501(C)(3) LINE 10 VIRGINIA UNITED METHODIST HOMES INC 1 HERMITAGE CAPITAL AND RESERVE CORPORATION 120 EASTSHORE DRIVE 130 GLEN ALLEN VA 23059 462641284 SUPPORTING PINNACLE LIVING AND WINDSORMEADE WILLIAMSBURG VA 501(C)(3) LINE 12A, I VIRGINIA UNITED METHODIST HOMES INC 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 VIRGINIA UNITED METHODIST HOMES OF WILLIAMSBURG INC L 1942610 ACTUAL COST HERMITAGE CAPITAL AND RESERVE CORPORATION R 13602900 ACTUAL COST