2022-08-11T11:42:12-05:00 2021-09-30 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2020-10-01 540988608 WESTMINSTER-CANTERBURY OF LYNCHBURG INC WEST 4343863533 501 VES ROAD LYNCHBURG VA 24503 PAUL SHELTON VP & CFO 4343863533 2022-08-10 1 PAUL SHELTON XXX-XX-XXXX JOHN NORMAN P01506766 7049985200 2022-08-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z WESTMINISTER-CANTERBURY OF LYNCHBURG PAUL SHELTON 501 VES ROAD LYNCHBURG VA 24503 33639498 0 X WWW.WCLYNCHBURG.ORG X 1975 VA TO OPERATE A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY GUIDED BY CHRISTIAN IDEALS. 14 14 536 126 0 0 899269 3487729 30017807 28717865 1326771 1419789 369186 0 32613033 33625383 0 0 0 0 17543243 18153257 0 0 214084 14309662 14189970 31852905 32343227 760128 1282156 127051960 127084815 127850123 116537478 -798163 10547337 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 31243030 28717865 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 TOTAL OF 398 UNITS ACROSS INDEPENDENT LIVING, ASSISTED LIVING, AND THE HEALTH CENTER, WITH APPROXIMATELY 94% OF THE INDEPENDENT LIVING UNITS OCCUPIED AS OF SEPTEMBER 30, 2021. WCL IS COMMITTED TO A PROGRAM OF SERVICES WHICH PROVIDE RESIDENTS WITH HOUSING, HEALTHCARE, SECURITY AND A VARIETY OF ACTIVITIES AND SERVICES. 31243030 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 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 1 0 1 0 1 51 0 536 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X PAUL SHELTON 4343863533 501 VES ROAD LYNCHBURG VA 24503 ELIZABETH M CONZEN TRUSTEE 1.00 X 0 0 0 ANNE R MCVEIGH VICE CHAIR 1.00 X X 0 0 0 MS NANCY T BROCKMAN TRUSTEE 1.00 X 0 0 0 J ROBERT MONTGOMERY TRUSTEE 1.00 X 0 0 0 GORHAM B WOOD TRUSTEE 1.00 X 0 0 0 JEFFREY W WILSON MD TRUSTEE 1.00 X 0 0 0 WILLIAM W PERKINS TRUSTEE 1.00 X 0 0 0 ROBERT S LOCKRIDGE JR MD TRUSTEE 1.00 X 0 0 0 MARY ELLEN SYDNOR TRUSTEE 1.00 X X 0 0 0 SUSAN G ACKLEY CHAIR 1.00 X 0 0 0 WILLIAM W PAXTON TRUSTEE 1.00 X 0 0 0 GEORGE D VERMILYA JR TRUSTEE 1.00 X 0 0 0 BECKY W GILES TRUSTEE 1.00 X 0 0 0 MELISSA W JOHNSON TRUSTEE 1.00 X 0 0 0 WILLIAM A STUART II TRUSTEE 1.00 X 0 0 0 THOMAS R STEVENS TRUSTEE 1.00 X 0 0 0 ELIZABETH B LAUNDON TRUSTEE 1.00 X 0 0 0 SEAN HUYETT PRESIDENT/CEO 38.00 2.00 X X 334631 0 53018 PAUL SHELTON VP/CFO 38.00 2.00 X 181325 0 15394 DEBBIE CALLAHN VP OF MARKETING 38.00 2.00 X 114605 0 10545 LAURA HUNTER DIR OF MARKETING 40.00 X 168062 0 3366 KELLY RILEY HOME HEALTH & HOSPICE DIRE 40.00 X 121525 0 3549 KATHY HOSTETTER-BRADLEY DIR OF HR 40.00 X 113512 0 18902 ROBERT CLOSS IT DIRECTOR 40.00 X 102533 0 10554 1136193 0 115328 8 0 1 0 SODEXO 9801 WASHINGTON BOULEVARD GAITHERSBURG MD 20878 FOOD SERVICES 158223 1 332191 2910900 244638 3487729 RESIDENTIAL SVCS 623000 16212585 16212585 HEALTH CARE SVCS 623000 8112218 8112218 ASSISTED LIVING & MEMORY SUPPORT 623000 2397680 2397680 COMMUNITY SVCS 623000 1715977 1715977 OTHER RESIDENT SVCS 623000 279405 279405 28717865 713014 713014 720890 0 14115 720890 -14115 706775 706775 33625383 28717865 0 1419789 13938447 13562673 221938 153836 2584901 2412852 157802 14247 1629909 1577757 33350 18802 542 542 30258 29235 1023 59777 57755 2022 290353 245687 43520 1146 161862 38107 121167 2588 1010894 978415 24754 7725 1431902 1395245 35742 915 58808 50464 3089 5255 670150 654267 15883 6288884 6139790 149094 RAW FOOD EXPENSE 1429622 1429622 PHARMACY 436416 436416 SODEXO FEES 376460 376460 THERAPY 2850 2850 1941192 1855435 76187 9570 32343227 31243030 886113 214084 8600482 3565491 1428577 1610723 211279 143448 374383 447813 151174600 69181311 79750870 81993289 33137814 35233547 3548555 4090504 127051960 127084815 4995558 2350584 43978112 48448734 61497262 59616850 17379191 6121310 127850123 116537478 X -5293883 5288480 4495720 5258857 -798163 10547337 127051960 127084815 X 1282156 3866475 6196869 X 0 1 X 1 1 1 X 175232 175073 963350 899269 3104801 5317725 28614044 29144682 27797211 30017807 29100793 144674537 28789276 29319755 28760561 30917076 32205594 149992262 0 0 0 149992262 386377 835088 1006700 979167 713014 3920346 386377 835088 1006700 979167 713014 3920346 647560 740516 788935 369186 2546197 29823213 30895359 30556196 32265429 32918608 156458805 0.95870 0.95530 0.02510 0.02340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 857817 857817 120080763 54807269 65273494 3338953 1195803 2143150 22475446 13178239 9297207 4421621 4421621 81993289 VANGAURD INVESTMENT 35233811 F R&R S/T INVEST M/M -264 F 35233547 REFUNDABLE RESERVATION DEPOSIT 289900 ADVANCE FEE DEPOSITS 64266 ANNUITIES PAYABLE 146179 MISCELLANEOUS 262124 INTEREST RATE SWAP 5292567 REFUND ADVANCE 66274 6121310 X PART X, LINE 2: THE CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501 (C)(3). WESTMINSTER CANTERBURY OF LYNCHBURG, INC. FILES AS A TAX EXEMPT ORGANIZATION. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE TAX-EXEMPT STATUS OF THE ORGANIZATION. MANAGEMENT IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES FOR THE ORGANIZATION. WESTMINSTER CANTERBURY OF LYNCHBURG, INC. FOLLOWS GUIDANCE IN THE INCOME TAX STANDARD REGARDING RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE HAS HAD NO IMPACT ON THE CORPORATION'S CONSOLIDATED FINANCIAL STATEMENTS. X X X X X X 0 1 0 0 0 0 0 0 0 SEAN HUYETT PRESIDENT/CEO 334631 0 0 0 0 0 29334 0 23684 0 387649 0 0 0 PAUL SHELTON VP/CFO 181325 0 0 0 0 0 15394 0 0 0 196719 0 0 0 LAURA HUNTER DIR OF MARKETING 168062 0 0 0 0 0 3366 0 0 0 171428 0 0 0 PART I, LINE 4B DURING THE YEAR, THE ORGANIZATION CONTRIBUTED THE FOLLOWING AMOUNTS TO A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: SEAN HUYETT $20,000 PAUL SHELTON $10,000 A ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF LYNCHBURG VA 541225193 NONEAVAIL 2016-08-01 10845818 REFUNDING OF SERIES 2005 BONDS AND FINANCING OF VARIOUS CAPITAL RENOVATIONS 0 0 0 B ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF LYNCHBURG VA 541225193 NONEAVAIL 2017-04-05 18580411 REFUNDING OF SERIES 2007 BONDS AND FINANCING 0 0 0 C ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF LYNCHBURG VA 541225193 NONEAVAIL 2017-09-01 38203000 SWAP AGREEMENT FOR FUNDING CONTRUCTION AND EQUIPMENT OF HEALTH CARE CENTER 0 0 0 D ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF LYNCHBURG VA 541255193 NONEAVAIL 2021-09-22 13500000 CONSTRUCTION, RENOVATION AND PURCHASE OF FIXED ASSETS 0 0 0 A 1355573 10845818 209954 9000000 1635864 0 0 1 1 B 5148112 18580411 214132 18366279 1 0 1 1 C 592895 38203000 461100 9859152 27882748 0 0 0 1 D 13500000 181317 292099 13026584 0 0 0 1 A 1 0 0 0 0 0 1 B 1 0 0 0 0 0 1 C 1 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 0 1 SUNTRUST BANK 11.800000000000 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 0 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF LYNCHBURG, VA DATE THE REBATE COMPUTATION WAS PERFORMED: 09/26/2019 ISSUER NAME: ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF LYNCHBURG, VA DATE THE REBATE COMPUTATION WAS PERFORMED: 11/20/2018 ISSUER NAME: ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF LYNCHBURG, VA DATE THE REBATE COMPUTATION WAS PERFORMED: 11/11/2020 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE IS RESPONSIBLE 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 15A THE BOARD OF TRUSTEES ENGAGED LOCKTON AND ASSOCIATE TO PERFORM A CEO SALARY SURVEY AND RECOMMEND AN APPROPRIATE COMPENSATION PLAN BASED ON COMPARABLE DATA FROM LIKE-SIZE COMMUNITIES. LOCKTON IS AN INTERNATIONAL FIRM THAT SPECIALIZES IN EXECUTIVE COMPENSATION, TOTAL REWARDS/SALARY MANAGEMENT AND INCENTIVE COMPENSATION. LOCKTON ALSO PERFORMED A COMPENSATION STUDY ON SENIOR LEVEL STAFF MEMBERS IN CONJUNCTION WITH THE CEO COMPENSATION ENGAGEMENT. FORM 990, PART VI, SECTION C, LINE 18 COPIES OF THE FORM 990 ARE PLACED IN THE RESIDENT LIBRARY FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PUBLISHED IN THE RESIDENT LIBRARY AND PROVIDED ELECTRONICALLY ON REQUEST. FORM 990, PART XI, LINE 9: NET ASSETS RELEASED FROM RESTRICTIONS FOR FELLOWSHIP 331,370. CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENTS 4,185,369. CHANGE IN VALUE OF INVESTMENTS UNDER SPLIT-INTEREST AGREEMENTS 21,502. DEFERRED ACTUARIAL PENSION GAIN 1,557,061. NET ASSETS RELEASED FOR PURCHASES OF PROPERTY AND EQUIPMENT (UNRESTRICTED) 264,990. INCREASE IN FAIR VALUE OF BENEFICIAL TRUST FUND 117,282. NET ASSETS RELEASED FOR PURCHASES OF PROPERTY AND EQUIPMENT (RESTRICTED) -596,360. INCREASE IN FAIR VALUE OF PERPETUAL TRUST FUNDS 315,655. 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) LINE 12A, I WESTMINSTER-CANTERBURY OF LYNCHBURG 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 THE WESTMINSTER CANTERBURY OF LYNCHBURG FOUNDATION INC C 332191 DIRECT TRANSFER