2017-08-14T14:41:17-05:00 2016-09-30 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2015-10-01 540988608 WESTMINSTER-CANTERBURY OF LYNCHBURG INC WEST 4343863533 501 VES ROAD LYNCHBURG VA 24503 PAUL SHELTON VP & TREASURER 4343863533 2017-08-14 1 JOHN NORMAN P01506766 7049985200 2017-08-14 2015 2021-01-29 14:40:06Z WESTMINISTER-CANTERBURY OF LYNCHBURG PAUL SHELTON 501 VES ROAD LYNCHBURG VA 24503 27772176 0 X WWW.WCLYNCHBURG.ORG X 1975 VA TO OPERATE A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY GUIDED BY CHRISTIAN IDEALS. 16 16 0 296 4352 0 208646 165283 25273673 26589244 974798 250080 622795 689411 27079912 27694018 258700 0 0 0 13408858 14161936 0 0 214661 11257420 11805859 24924978 25967795 2154934 1726223 68524200 79218704 74997435 84665123 -6473235 -5446419 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 24819090 27275520 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 283 TOTAL RESIDENTS AT SEPTEMBER 30, 2016 WITH 92.50% OF THE INDEPENDENT LIVING UNITS OCCUPIED WCL IS COMMITTED TO A PROGRAM OF SERVICES WHICH PROVIDES RESIDENTS WITH HOUSING, HEALTHCARE, SECURITY AND A VARIETY OF ACTIVITIES AND SERVICES. 24819090 1 1 0 0 0 0 0 0 0 0 1 1 0 1 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 0 0 1 52 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X PAUL SHELTON 4343863533 501 VES ROAD LYNCHBURG VA 24503 ROBERT R CHAPMAN III TRUSTEE 2.00 X 0 0 0 WILLIAM E GAYLE JR MD TRUSTEE 2.00 X 0 0 0 HUGH J M JONES III TRUSTEE 2.00 X 0 0 0 KATHARINE B CHASE TRUSTEE 2.00 X 0 0 0 PAMELA S BRADFORD TRUSTEE 2.00 X 0 0 0 MR JAMES E BURTON IV TRUSTEE 2.00 X 0 0 0 MR MARTIN TOLHOEK TRUSTEE 2.00 X 0 0 0 MS ELIZABETH M ZELLNER TRUSTEE 2.00 X 0 0 0 MS NANCY T BROCKMAN TRUSTEE 2.00 X 0 0 0 MS BETTY B OLIVER TRUSTEE 2.00 X 0 0 0 J ROBERT MONTGOMERY TRUSTEE 2.00 X 0 0 0 ROBERT P BROWN JR TRUSTEE 2.00 X 0 0 0 GORHAM B WOOD TRUSTEE 2.00 X 0 0 0 JEFFREY W WILSON MD TRUSTEE 2.00 X 0 0 0 ROBERT G BASS TRUSTEE 2.00 X 0 0 0 ELIZABETH J LIPSCOMB TRUSTEE 2.00 X 0 0 0 SEAN HUYETT PRESIDENT & CEO 40.00 X 212194 0 15255 JOSEPH P PAYNE SENIOR VP 40.00 X 32776 0 1355 PAUL SHELTON VP & CFO 40.00 X 148605 0 6029 LIZ KAIL VP HEALTHCARE 40.00 X 127481 0 5565 521056 0 28204 3 0 1 0 SODEXO 9801 WASHINGTON BOULEVARD GAITHERSBURG MD 20878 FOOD SERVICES 274044 1 165283 165283 RESIDENTIAL SVCS 623000 13809181 13809181 HEALTH CARE SVCS 623000 8117055 8117055 ASSISTED LIVING & MEMORY SUPPORT 623000 2822288 2822288 COMMUNITY SVCS 623000 1840720 1840720 26589244 328238 328238 78158 -78158 -78158 -78158 MEALS AND LODGING 623000 422488 422488 BEAUTY SHOP 623000 160709 160709 HIGHSPEED INTERNET 623000 28668 28668 77546 73194 4352 689411 27694018 27274303 4352 250080 11185682 10581655 413870 190157 2144303 2058531 85772 831951 798673 24958 8320 18360 18360 55808 53576 2232 46988 45108 1880 298338 286404 11934 104231 100062 2084 2085 859241 825104 28121 6016 1110337 1065924 43303 1110 139832 134239 3076 2517 1146509 1100649 45860 3287439 3155941 131498 RAW FOOD EXPENSE 1246731 1196862 49869 THERAPY 1071959 1071959 0 SODEXO FEES 778129 747004 31125 PHARMACY 528012 528012 0 1113945 1069387 40102 4456 25967795 24819090 934044 214661 11425008 12464696 9000927 990717 1067251 188570 236250 97937 115114 84660425 49355063 35559731 35305362 7842908 9080905 12419329 11948199 68524200 79218704 6308173 6590424 40688624 41597519 23410859 31608142 4589779 4869038 74997435 84665123 X -10625511 -8710648 1585524 1376239 2566752 1887990 -6473235 -5446419 68524200 79218704 X 1726223 1198975 -1898382 X X 0 1 X 1 0 X 168006 106038 236569 208646 165283 884542 22898535 23624937 24124785 25273673 26589244 122511174 23066541 23730975 24361354 25482319 26754527 123395716 0 0 0 123395716 385083 472399 680030 563410 328238 2429160 385083 472399 680030 563410 328238 2429160 794844 732934 680030 626661 685059 3519528 24246468 24936308 25721414 26672390 27767824 129344404 0.95400 0.95220 0.01880 0.01950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 437817 437817 68065439 41678040 26387399 13926020 6886803 7039217 2231149 790220 1440929 35305362 R&R S/T INVEST M/M 1289750 F LONGTERM INVESTMENT ACCOUNT UNRESTRICTED 7768111 F EXTERNALLY RESTRICTED 23044 C 9080905 OTHER RECEIVABLES 12722 TRUSTS HELD BY OTHERS 2744555 EMPLOYEE EDUCATION 45069 OTHER ASSETS LIMITED AS TO USE 8754798 OTHER ASSETS/DEFERRED 391055 11948199 REFUNDABLE RESERVATION DEPOSIT 249400 ADVANCE FEE DEPOSITS 88898 REFUNDABLE ADVANCE FEES 3867365 ANNUITIES PAYABLE 536840 MISCELLANEOUS 126535 4869038 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. SHOULD ANY STATUS BE CHALLENGED IN THE FUTURE, THE 2013, 2014, AND 2015 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. 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 0 0 0 0 0 0 0 0 SEAN HUYETT PRESIDENT & CEO 205694 0 0 0 6500 0 7414 0 7841 0 227449 0 0 0 PAUL SHELTON VP & CFO 148605 0 0 0 0 0 4458 0 1571 0 154634 0 0 0 A INDUSTRIAL DEVELOPMENT AUTHORITY CITY OF LYNC 541225193 551244EP7 2007-02-07 24225000 REFUNDING - 2001 SERIES 0 0 0 B 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 A 3515000 20710000 482101 236719830 0 1 1 1 B 10845818 209954 9000000 1635864 0 0 0 1 A 0 0 0 0 0 0 0 B 1 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 0 B 0 1 0 1 1 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 6 WC HAS TWO MEMBER CORPORATIONS: WESTMINISTER PRESBYTERIAN HOMES, INC, AN ORGANIZATION OF THE SYNOD OF THE VIRGINIAS OF THE PREBYTERIAN CHURCH, USA AND SOUTHWESTERN EPISCOPAL HOMES, INC, AN ORGANIZATION OF THE DIOCESE OF SOUTHWESTERN VIRGINIA, PART OF THE PROTESTANT EPISCOPAL CHURCH IN THE USA. FORM 990, PART VI, SECTION B, LINE 11 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 15 THE COMPENSATION PLAN IS A WELL STRUCTURED WAGE SCALE ADMINISTRATION PROGRAM DESIGNED BY SESCO MANAGEMENT CONSULTANTS, BRISTOL TN, A LEADING HR AND BENEFITS CONSULTANTS IN THE NATION. SESCO ESTABLISHED A 15 FACTOR EVALUATION PROGRAM FOR EVERY POSITION IN THE ORGANIZATION AND A RANGE OF COMPENSATION FOR EACH POSITION. EACH INDIVIDUAL GOES THROUGH AN ANNUAL PERFORMANCE REVIEW. A MARKET VALUE IS ALSO PLACED ON THE POSITION. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST AND PLACED IN THE RESIDENT LIBRARY. FORM 990, PART XI, LINE 9: AMOUNTS RELATED TO RECOGNITION OF MINIMUM PENSION LIABILITY -868,839. CHANGE IN FV OF PERPETUAL TRUST FUNDS 86,334. CHANGE IN FV OF BENEFICIAL TRUST FUNDS 14,542. RELEASE FROM RESTRICTION -113,771. CHANGE IN SPLIT VALUE INTEREST 4,887. DESIGNATED FUNDS -147,828. EXTRAORDINARY INCOME (LOSS) -87,413. CHANGE IN FAIR VALUE OF SWAP -784,861. CONTRIBUTION TO PP&E 11,651. MISCELLANEOUS -8,732. PARTNERSHIP INCOME NOT ON BOOKS -4,352. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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 11A, I WESTMINSTER-CANTERBURY OF LYNCHBURG 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0