2025-08-08T16:40:56+00:00 2024-09-30 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2023-10-01 237378013 Warm Hearth Inc WARM 5405529176 2607 WARM HEARTH DRIVE NO 100 Blacksburg VA 24060 MOLLY J NEVITT CFO 2025-08-08 true Amy Bibby P00445891 8282542254 2025-07-23 2023 2025-03-06 01:10:19Z William Lester 2607 WARM HEARTH DRIVE NO 100 Blacksburg VA 24060 2922854 false 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 17 501 250 0 0 2945485 34299 2091559 2669507 45808 219048 0 0 5082852 2922854 0 0 0 0 1673054 1697140 0 0 0 1197651 1310675 2870705 3007815 2212147 -84961 13558191 13806305 9961379 10294454 3596812 3511851 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. false false 1891124 2669507 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. 1891124 true true false false false false false false false true false false true true false false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 34 0 true 501 true false false false false false false false false false false false false X 17 17 false false false false false false false true true false false false true true true true true true true false VA X Molly J Nevitt 5404433403 2607 Warm Hearth Dr ste 100 blacksburg VA 24060 Allan Bookout Vice Chairman / Treasurer 3.5 0.5 X X 0 0 0 Ed Spencer Chair 3.5 0.5 X X 0 0 0 Hing-Har Lo Secretary 3.5 0.5 X X 0 0 0 William Price Vice Chairman 3.5 0.5 X X 0 0 0 Bridget McMahon Director 3.5 0.5 X 0 0 0 Charles Johnson Director 3.5 0.5 X 0 0 0 Heather Ducote Director 3.5 0.5 X 0 0 0 Jason Pospichal Director 3.5 0.5 X 0 0 0 Karen Hanks Director 4.0 0.5 X 0 0 0 Katherine Allen Director 3.5 0.5 X 0 0 0 Meg Stone Director 3.5 0.5 X 0 0 0 Mike Spears Director 4.0 0.5 X 0 0 0 Pamela Teaster Director 3.5 0.5 X 0 0 0 Richard Shepherd Director 3.5 0.5 X 0 0 0 Savanna Dyer Director 3.5 0.5 X 0 0 0 Thomas Pierce Director 4.0 0.5 X 0 0 0 Tommy McDearis Director 3.5 0.5 X 0 0 0 Molly Nevitt CFO 36.0 4.0 X 148246 0 3923 William Lester President and CEO 36.0 4.0 X 185761 0 5248 Alison Trigg Showalter Admin 36.0 4.0 X 105534 0 499 Kevin Sands RN Director 36.0 4.0 X 106749 0 3140 Shaunna Andrews Director of Nursing 36.0 4.0 X 103685 0 2061 Tambra Dixon VP of Philanthropy 36.0 4.0 X 120181 0 3317 Walter Williams Director of Network Services 36.0 4.0 X 107463 0 3292 877619 0 21480 7 false true false 0 34299 34299 Management Fees 623000 1486762 1486762 Village Center Revenue 623000 658824 658824 Life-Lease Fees 623000 215418 215418 Service Income 623000 193822 193822 Cable TV/Internet/Phone 623000 114681 114681 0 0 0 0 2669507 219048 219048 0 0 0 0 0 0 0 0 0 2922854 2669507 0 219048 334007 183704 150303 774810 422035 352775 67396 36818 30578 406724 222190 184534 114203 62388 51815 33443 33443 64714 64714 104089 69584 34505 0 17032 17032 93839 17254 76585 45377 1578 43799 90537 89145 1392 12278 7610 4668 9422 9422 138124 138124 418518 418518 34001 34001 Food 132239 128920 3319 Taxes and licenses 44265 44245 20 supplies 42011 12691 29320 Miscellaneous 28382 28382 2404 2319 85 0 3007815 1891124 1116691 0 115007 189280 941195 762330 -391 1049 0 0 186217 164127 12129453 4052380 7941751 8077073 0 0 4374412 4612446 13558191 13806305 205521 168024 826999 855621 0 4144492 3878094 4784367 5392715 9961379 10294454 X 3596812 3511851 3596812 3511851 13558191 13806305 -84961 0 X X false true X true false X 24933 2157677 13578 34308 34299 2264795 1854361 1847879 2117875 2091559 2669507 10581181 0 0 0 1879294 4005556 2131453 2125867 2703806 12845976 0 0 0 0 0 0 785340 739645 806742 938678 1258052 4528457 785340 739645 806742 938678 1258052 4528457 8317519 1848 1591 490 45808 219048 268785 0 1848 1591 490 45808 219048 268785 0 0 0 0 0 0 0 1881142 4007147 2131943 2171675 2922854 13114761 0.6342 0.4938 0.02 0.0033 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 679063 679063 10221476 3617458 6604018 256110 90639 165471 972804 344283 628521 8077073 Replacement Reserve 4363157 due from affiliates 224622 rou asset 24667 4612446 Due to affiliates 4157654 REFUNDABLE LIFE LEASE FEES 1210394 lease liability 24667 5392715 X X X false false false false false true false false false William Lester President and CEO 171746 0 14015 0 0 0 5248 0 0 0 191009 0 0 0 Molly Nevitt CFO 129726 0 18520 0 0 0 3923 0 0 0 152169 0 0 0 Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization There is a tiered bonus pool for the CEO based on the net earnings of all 9 organizations. It is paid through Warm Hearth, Inc. Form 990, Part VI, 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, Line 11b Review of form 990 by governing body 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, Line 12c Conflict of interest policy 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, Line 19 Required documents available to the public Form 990 is available upon request. The governing documents, financial statements, and conflict of interest policy is not available for public inspection. Form 990, Part XII, Line 2c Change of oversight process or selection process 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) NA false New Century Housing Inc 2607 Warm Hearth Dr ste 100 blacksburg VA 24060 311788636 Housing VA 501(c)(4) NA false NRV Nursing Center inc 2607 Warm Hearth Dr ste 100 blacksburg VA 24060 311583073 health care VA 501(c)(3) 10 NA false New River house inc 2607 Warm Hearth Dr ste 100 blacksburg VA 24060 521257779 Housing VA 501(c)(3) 10 NA false Showalter Center Inc 2607 Warm Hearth Dr ste 100 blacksburg VA 24060 541185223 Housing VA 501(c)(3) 10 NA false Trolinger house inc 2607 Warm Hearth Dr ste 100 blacksburg VA 24060 521224684 Housing VA 501(c)(3) 10 NA false Warm Hearth At Home Inc 2607 Warm Hearth Dr ste 100 blacksburg VA 24060 464213353 Home Care VA 501(c)(3) 10 NA false Warm hearth Foundation Inc 2607 Warm Hearth Dr ste 100 blacksburg VA 24060 541639629 Support VA 501(c)(3) Type I NA false false false true true true false false false false false false true false true true false true false false