2019-10-04T13:24:00-05:00 2019-05-31 540565834 MITCHELL WIGGINS & COMPANY LLP 1802 BAYBERRY COURT SUITE 300 RICHMOND VA 23226 990 2018-06-01 540720603 VIRGINIA UNITED METHODIST HOMES INC VIRG 8044748700 5101 COX ROAD SUITE 225 GLEN ALLEN VA 23060 CHRISTOPHER P HENDERSON PRESIDENT/CEO 8044748700 2019-09-27 1 MARK W TUCK CPA P00074594 8042826000 96.89.27.153 2019-09-27 08:01:10 ED P DF604A1B9D7B4D4581FE05D672C4FA54D3DCAEEA 67D1C174B77E3513819E060ECD310119A8A68522 2018 2020-01-14 16:20:31Z PINNACLE LIVING CHRISTOPHER P HENDERSON 5101 COX ROAD SUITE 225 GLEN ALLEN VA 23060 77458378 0 X WWW.PINNACLELIVING.ORG X 1945 VA ENRICHING LIFE'S JOURNEY 9 8 1154 440 0 0 3036883 1437413 61016070 62123073 2578482 -747974 0 0 66631435 62812512 779262 474105 0 0 37113390 36457468 0 0 246899 28556856 28780686 66449508 65712259 181927 -2899747 230437523 259112388 163300694 197049171 67136829 62063217 X ENRICHING LIFE'S JOURNEY BY PROVIDING HOUSING, HEALTH CARE AND RELATED SERVICES FOR SENIORS. 0 0 58699782 474105 62123073 PINNACLE LIVING PROVIDES HOUSING, HEALTH SERVICES AND FINANCIAL SECURITY TO RESIDENTS AT ITS FOUR LIFE PLAN COMMUNITIES IN VIRGINIA. PINNACLE LIVING IS ALSO THE SOLE MEMBER OF VIRGINIA UNITED METHODIST HOMES OF WILLIAMSBURG, INC. DOING BUSINESS AS WINDSORMEADE WILLIAMSBURG, WHICH OWNS AND OPERATES A LIFE PLAN COMMUNITY IN WILLIAMSBURG, VIRGINIA. PINNACLE LIVING PROVIDES FOR THE PHYSICAL, EMOTIONAL, RECREATIONAL, SOCIAL AND RELIGIOUS NEEDS OF RESIDENTS. TOGETHER WITH ITS RELATED ORGANIZATION, WINDSORMEADE WILLIAMSBURG, PINNACLE LIVING IS A SYSTEM OF COMMUNITIES SERVING A WIDE RANGE OF SOCIALLY AND ECONOMICALLY DIVERSE RESIDENTS. PINNACLE LIVING AND WINDSORMEADE WILLIAMSBURG HAVE A LONGSTANDING REPUTATION OF PROVIDING EXCELLENT, COMPASSIONATE SERVICES IN A CHRISTIAN ENVIRONMENT. PINNACLE LIVING PROVIDES (DIRECTLY AND THROUGH THIRD PARTY ARRANGEMENTS) FOR THE HEALTH CARE OF RESIDENTS, IN HOUSEHOLD AND NEIGHBORHOOD SETTINGS WITH SKILLED 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 PINNACLE LIVING AND WINDSORMEADE WILLIAMSBURG RESIDENTS WHO MAY BECOME UNABLE TO PAY A PORTION OR ALL THEIR EXPENSES. 58699782 1 1 0 1 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 1 235 0 1154 1 0 0 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 5101 COX ROAD SUITE 225 GLEN ALLEN VA 23060 LISA F HAN CHAIR 1.00 X 0 0 0 JANE G HORNBECK VICE CHAIR 1.00 X 0 0 0 WILLIAM H PETERSON SECRETARY/TREASURER 1.00 X 0 0 0 BRENDA S BROOKS DIRECTOR 1.00 X 0 0 0 SHIRLEY M CAUFFMAN DIRECTOR 1.00 X 0 0 0 KEVIN W BRUNY 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 CHRISTOPHER P HENDERSON PRESIDENT/CEO 25.00 15.00 X X 481342 0 46105 KEVIN L SALMINEN CHIEF FINANCIAL OFFICER 40.00 X 224154 0 24568 DANIEL C OETZEL CHIEF OPERATING OFFICER 40.00 X 283597 0 27560 EDWARD L WATKINS EXECUTIVE DIRECTOR 40.00 X 204593 0 18258 GALE KNOX EXECUTIVE DIRECTOR 40.00 X 187536 0 20369 MICHAEL SHAW EXECUTIVE DIRECTOR 40.00 X 228501 0 18629 RICHARD D BOTTONE VP OF MISSION IMPLEMENTATION 40.00 X 176033 0 22307 MARK COLLINS INFORMATION TECHNOLOGY MANAGER 40.00 X 121959 0 21506 AMY CHAPMAN ADMINISTRATOR RESIDENT LIFE SERVICE 40.00 X 138029 0 17545 DAVID L STUART DIRECTOR OF DINING SERVICE 40.00 X 130843 0 11118 MICHAEL KEARNEY EXECUTIVE DIRECTOR 40.00 X 116687 0 19782 2293274 0 247747 17 0 1 0 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 152516170 MANAGEMENT 1130360 SYSCO VIRGINIA LLC PO BOX 20020 HARRISONBURG VA 22801 FOOD SERVICES 728757 SFCS INC 305 SOUTH JEFFERSON STREET ROANOKE VA 240112003 ARCHITECTURAL 664509 GREEN DREAMS LAWN CARE 5711 GREENDALE RD SUITE D RICHMOND VA 23228 LAWN CARE 444160 THOMAS A COOPER PC 1700 BAYBERRY COURT SUITE 103 HENRICO VA 23226 LEGAL 392141 20 1437413 1437413 FEES FROM RESIDENTS 623000 60397271 60397271 OTHER OPERATING REVENUE 623000 1684346 1684346 ANCILLARY SERVICE REVENUE 623000 34488 34488 OTHER FEES 623000 6968 6968 62123073 1632441 1632441 11514251 751200 9832409 4813457 1681842 -4062257 -2380415 -2380415 62812512 62123073 0 -747974 474105 474105 1765212 1765212 28444310 25946333 2392732 105245 1291054 1288072 481 2501 2743136 2645279 97857 2213756 1975138 230529 8089 482216 482216 112225 112225 9579 9579 3856879 3080025 655825 121029 1065838 1060950 3385 1503 738369 549299 188945 125 1263467 1234947 28520 3376822 3161275 215547 134779 35466 93152 6161 158463 63184 93525 1754 2246990 2246990 6746789 6746789 1105221 1053603 51618 DIETARY COSTS 3823663 3814411 9252 REPAIRS & MAINTENANCE 2164698 2132185 32021 492 RESIDENCE RENOVATIONS 348839 348839 DESIGNATED FUNDS 322878 322822 56 822971 520070 302901 65712259 58699782 6765578 246899 7335647 8164136 825317 623307 212728 224404 204452582 99535599 91617429 104916983 101605146 118224084 28841256 26959474 230437523 259112388 11230425 9409253 70858720 70443325 2106420 1851669 78672982 115213507 432147 131417 163300694 197049171 X 45624495 41308940 281367 371518 21230967 20382759 67136829 62063217 230437523 259112388 X -2899747 -1325657 -848208 X 0 1 X 1 0 X 3396783 4297813 4564342 3036883 1437413 16733234 54114096 56822973 59417524 60236808 61648968 292240369 57510879 61120786 63981866 63273691 63086381 308973603 0 0 0 308973603 1424479 1690476 1477353 1467063 1632442 7691813 1424479 1690476 1477353 1467063 1632442 7691813 58935358 62811262 65459219 64740754 64718823 316665416 0.97570 0.97610 0.02430 0.02390 X 0 0 0 0 0 0 1 9579 0 0 9579 0 0 1 X 3217333 204567 242663 200603 3463960 3253175 261335 -873 296304 3217333 3902303 259386 17247 922712 3049 3253175 4004430 495336 143336 728717 12082 3902303 4532122 314657 107883 949272 960 4004430 0.91860 0.08140 0 0 6165209 6165209 138515923 83642320 54873603 94000 30418 63582 19912575 15862861 4049714 39764875 39764875 104916983 ACCRUED INCOME RECEIVABLE 138897 BENEFICIAL INTEREST IN TRUSTS 17408821 OTHER ASSETS 149514 INVESTMENT IN AFFILIATE-HCRC 7350836 ASSETS WHOSE USE IS LIMITED 1866629 DUE FROM AFFILIATE 44777 26959474 OTHER LIABILITIES 131417 131417 X 60164542 -1325657 -848208 -2173865 62338407 474105 474105 62812512 65238154 0 65238154 474105 474105 65712259 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, 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: PRESENT VALUE CHANGE IN BENEFICIAL INTEREST IN TRUSTS -848,208. PART XI, LINE 4B - OTHER ADJUSTMENTS: BENEVOLENT CARE 474,105. PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEVOLENT CARE 474,105. 1 SAMARITAN PROGRAM/BENEVOLENT CARE 12 474105 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 426970 0 48512 0 5860 0 36053 0 10052 0 527447 0 0 0 KEVIN L SALMINEN CHIEF FINANCIAL OFFICER 195951 0 28113 0 90 0 17920 0 6648 0 248722 0 0 0 DANIEL C OETZEL CHIEF OPERATING OFFICER 255342 0 26602 0 1653 0 22000 0 5560 0 311157 0 0 0 EDWARD L WATKINS EXECUTIVE DIRECTOR 187386 0 16445 0 762 0 13878 0 4380 0 222851 0 0 0 GALE KNOX EXECUTIVE DIRECTOR 170483 0 16291 0 762 0 15049 0 5320 0 207905 0 0 0 MICHAEL SHAW EXECUTIVE DIRECTOR 209557 0 18854 0 90 0 10249 0 8380 0 247130 0 0 0 RICHARD D BOTTONE VP OF MISSION IMPLEMENTATION 155560 0 17213 0 3260 0 14375 0 7932 0 198340 0 0 0 AMY CHAPMAN ADMINISTRATOR RESIDENT LIFE SERVICE 129218 0 8811 0 0 0 11137 0 6408 0 155574 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 10220000 31401536 2841706 626503 27856935 1996 1 0 1 1 B 57796096 2497155 3609055 1022908 27065797 15111481 8489700 1 0 0 1 C 46388153 1877780 363908 927671 7565594 35653200 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 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 1 0 0 0 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, A, LINE 3 THE DIFFERENCE BETWEEN THE ISSUE PRICE AND TOTAL PROCEEDS IS INVESTMENT EARNINGS 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 05/31/2019 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 ALL PINNACLE LIVING 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 -848,208. VIRGINIA UNITED METHODIST HOMES OF WILLIAMSBURG INC 5101 COX ROAD SUITE 225 GLEN ALLEN VA 23060 300173798 LIFE PLAN COMMUNITY VA 501(C)(3) LINE 10 VIRGINIA UNITED METHODIST HOMES INC 1 HERMITAGE CAPITAL AND RESERVE CORPORATION 5101 COX ROAD SUITE 225 GLEN ALLEN VA 23060 462641284 SUPPORTING PINNACLE LIVING AND WINDSORMEADE WILLIAMSBURG VA 501(C)(3) LINE 12A, I VIRGINIA UNITED METHODIST HOMES INC 1 1 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 VIRGINIA UNITED METHODIST HOMES OF WILLIAMSBURG INC A 467648 ACTUAL VIRGINIA UNITED METHODIST HOMES OF WILLIAMSBURG INC A 494296 ACTUAL COST VIRGINIA UNITED METHODIST HOMES OF WILLIAMSBURG INC D 197955 ACTUAL INTEREST PAID VIRGINIA UNITED METHODIST HOMES OF WILLIAMSBURG INC D 5175020 75% OF ACTUAL DEBT BALANCE