2014-02-24T08:28:46-06:00 2013-09-30 540504608 BROWN EDWARDS & COMPANY LLP PO BOX 10189 LYNCHBURG VA 245060189 990 2012-10-01 540988608 WESTMINSTER-CANTERBURY OF LYNCHBURG INC WEST 4343863500 501 VES ROAD LYNCHBURG VA 24503 PAUL SHELTON 4343863500 2014-02-18 1 SUSAN ACKLEY P00025524 4349489000 2012 2015-11-30 17:44:51Z PAUL SHELTON 501 VES ROAD LYNCHBURG VA 24503 24936308 0 X WWW.WCLYNCHBURG.ORG X 1975 VA TO OPERATE A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY GUIDED BY CHRISTIAN IDEALS. 16 16 515 2207 13860 0 145199 106038 23272040 23624937 385083 472399 794841 732934 24597163 24936308 373505 286490 0 0 13498867 13047943 0 0 137681 11590112 11253290 25462484 24587723 -865321 348585 61610955 64724723 73386446 71438889 -11775491 -6714166 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 23245777 286490 24357871 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 280 TOTAL RESIDENTS AT SEPTEMBER 30, 2013 WITH 91.51% OF THE INDEPENDENT LIVING UNITS OCCUPIED. WCL IS COMMITTED TO A PROGRAM OF SERVICES WHICH PROVIDE RESIDENTS WITH HOUSING, HEALTHCARE, SECURITY AND A VARIETY OF ACTIVITIES AND SERVICES. 23245777 1 1 0 0 0 0 0 0 0 1 1 1 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 0 0 0 1 X 90 0 1 515 1 1 1 0 0 0 0 0 0 0 0 1 1 0 X 16 16 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X PAUL SHELTON 4343863533 501 VES ROAD LYNCHBURG VA 24503 ROBERT R CHAPMAN III 2.00 X 0 0 0 WILLIAM E GAYLE JR MD 2.00 X 0 0 0 HUGH J M JONES III 2.00 X 0 0 0 WALLACE G MCKENNA JR 2.00 X 0 0 0 E STARK SYDNOR 2.00 X 0 0 0 MAX GUGGENHEIMER JR 2.00 X 0 0 0 WILLIAM RUSSELL 2.00 X 0 0 0 LESTER L LAMB 2.00 X 0 0 0 KATHARINE B CHASE 2.00 X 0 0 0 PAMELA S BRADFORD 2.00 X 0 0 0 JAMES E BURTON IV 2.00 X 0 0 0 JOYCE MOORMAN 2.00 X 0 0 0 MARTIN TOLHOEK 2.00 X 0 0 0 ELIZABETH M ZELLNER 2.00 X 0 0 0 NANCY T BROCKMAN 2.00 X 0 0 0 BETTY B OLIVER 2.00 X 0 0 0 SEAN HUYETT 40.00 X 186994 0 23500 JOSEPH PL PAYNE 40.00 X 113663 0 0 ANGELA JONES 40.00 X 12674 0 0 PAUL SHELTON 40.00 X 120374 0 8175 ELIZABETH KAIL 40.00 X 111570 0 8672 545275 0 40347 4 0 1 0 SODEXO 9801 WASHINGTON BOULEVARD GAITHERSBURG MD 20878 FOOD SERVICES 266048 1 20640 85398 106038 RESIDENTIAL SVCS 623000 12050582 12050582 HEALTH CARE SVCS 623000 7143807 7143807 ASSISTED LIVING & MEMORY SUPPORT 623000 2603228 2603228 COMMUNITY SVCS 623000 1276341 1276341 THERAPY SVCS 623000 550979 550979 23624937 471874 13860 458014 525 0 525 525 525 MEALS AND LODGING 623000 311232 311232 BEAUTY SHOP 623000 184050 184050 SATELLITE TV INCOME 623000 88544 88544 149108 149108 732934 24936308 24357871 13860 458539 286490 286490 545275 111570 365507 68198 9584006 9201604 354607 27795 769740 739027 30713 1399339 1343505 55834 749583 719675 22730 7178 90452 86843 3609 48822 46874 1948 236662 227219 9443 152222 146148 3070 3004 757513 727288 25239 4986 1190955 1143436 46668 851 78559 75424 1709 1426 1288327 1236923 51404 2773879 2663201 110678 236191 226767 9424 RAW FOOD EXPENSE 1149268 1103412 45856 THERAPY 943430 943430 SODEXO FEES 710515 682165 28350 PHARMACY 556931 556931 1039564 977845 37476 24243 24587723 23245777 1204265 137681 10719516 11764204 2602107 4002168 1006863 1093202 128950 151979 704313 627306 74247970 40339179 34132055 33908791 7348337 7321152 4968814 5855921 61610955 64724723 9238345 5448378 33520623 34654196 26079967 25225368 1267 0 4546244 6110947 73386446 71438889 X -14609098 -9719619 910572 966875 1923035 2038578 -11775491 -6714166 61610955 64724723 X 348585 4712740 X X 0 1 X 1 0 X 125739 92403 181798 168006 106038 673984 20633523 20946857 22552551 22898535 23624937 110656403 20759262 21039260 22734349 23066541 23730975 111330387 0 0 0 111330387 219248 242991 339045 385083 472399 1658766 219248 242991 339045 385083 472399 1658766 668420 695130 723763 794844 732934 3615091 21646930 21977381 23797157 24246468 24936308 116604244 0.95480 0.95810 0.01420 0.01200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8545674 867798 316562 9096910 7792707 1134631 381664 8545674 8305796 48660 561749 7792707 7822202 558393 74799 8305796 8131468 78156 387422 7822202 0.67000 0.22000 0.11000 1 0 437817 437817 64260603 35227366 29033237 847490 606616 240874 8166603 4505197 3661406 535457 535457 33908791 MUTUAL FUNDS 3297781 F MARKETABLE EQUITY SECURITIES 3236737 F ASSETS UNDER ANNUITY AGREEMENTS 510682 F EXCHANGE TRADED FUNDS 275952 F 7321152 OTHER RECEIVABLES 164866 OTHER INVESTMENTS 2722217 TRUSTS HELD BY OTHERS 2968838 5855921 REFUNDABLE RESERVATION DEPOSIT 164900 ADVANCE FEE DEPOSITS 963581 REFUNDABLE ADVANCE FEES 4197342 ANNUITIES PAYABLE 658131 MISCELLANEOUS 126993 6110947 X DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO HELP WITH OPERATIONS OF WESTMINSTER CANTERBURY OF LYNCHBURG. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE CORPORATION'S TAX EXEMPT RETURNS FROM 2009 FORWARD ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. 1 RESIDENTIAL FEE ASSISTANCE TO RESIDENTS 108 286490 THE FELLOWSHIP FUNDS OF THE ORGANIZATION RESULT FROM DONATIONS AND FROM BOARD DESIGNATION OF UNRESTRICTED FUNDS FOR THE PURPOSE OF ASSISTING THOSE RESIDENTS WHO OTHERWISE WOULD NOT BE ABLE TO AFFORD TO RESIDE AT THE ORGANIZATION. THE ORGANIZATION HAS DETAILED WRITTEN GUIDELINES TO DETERMINE WHAT, IF ANY, OF THIS ASSISTANCE WILL BE GRANTED TO A RESIDENT. ONCE GRANTED, THE RESIDENTS FINANCIAL INFORMATION IS REVIEWED ANNUALLY TO DETERMINE IF THEY STILL QUALIFY OR ANY CHANGES ARE NECESSARY. X X X X X 0 0 0 0 0 0 0 0 0 SEAN HUYETT 186994 0 0 0 0 0 17000 0 6500 0 210494 0 0 0 A INDUSTRIAL DEVELOPMENT AUTHORITY - CITY OF LYNCHBURG 541225193 551244DP8 2005-04-21 5645000 REFUNDING - 1996 SERIES 0 0 0 B INDUSTRIAL DEVELOPMENT AUTHORITY - CITY OF LYNCHBURG 541225193 551244EP7 2007-02-07 24225000 REFUNDING - 2001 SERIES 0 0 0 A 2995000 5607239 650414 112145 1 0 1 1 B 1580000 24154084 1707782 482101 0 1 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART IV, QUESTION 7: WESTMINSTER CANTERBURY HAS CONTRACTED WITH BINGHAM ARBITRAGE SERVICES, INC., TO ENSURE THE CORPORATION'S COMPLIANCE WITH BOND ARBITRAGE AND TO MONITOR THE REQUIREMENTS OF SECTION 148. SCHEDULE K, PART II, LINE 4 THESE RESERVE FUNDS ORIGINATED FROM PROCEEDS OF THE EARLIER BOND SERIES THAT WERE REFUNDED; HOWEVER, THE RESERVE REQUIREMENTS CARRIED FORWARD TO THE 2005 AND 2007 SERIES BONDS. SCHEDULE K, PART III, QUESTION 9 THE ORGANIZATION'S OUTSTANDING BONDS WERE USED FOR REFUNDING OF PREVIOUS SERIES OF TAX EXEMPT BONDS. THERE HAVE BEEN NO CHANGES IN THE USE OF THE FINANCED FACILITIES NOR ANY OTHER EVENT THAT WOULD CONTRADICT THE ORIGINAL PURPOSES FOR WHICH THE ORGANIZATION'S TAX EXEMPT BONDS HAVE BEEN ISSUED. CONTRIBUTIONS FORM 990, PART V, QUESTIONS 7G AND 7H: THE ORGANIZATION DID NOT RECEIVE CONTRIBUTIONS OF QUALIFIED INTELLECTUAL PROPERTY IN THE TAX YEAR, THEREFORE THERE WAS NO FORM 8899 REQUIRED. ADDITIONALLY, THE ORGANIZATION DID NOT RECEIVE ANY CONTRIBUTION OF PROPERTY THAT WOULD REQUIRE THE ORGANIZATION TO FILE FORM 1098-C. FORM 990, PART VI, SECTION A, LINE 6 WC HAS TWO MEMBER CORPORATIONS: WESTMINSTER PRESBYTERIAN HOMES, INC, AN ORGANIZATION OF THE SYNOD OF THE VIRGINIAS OF THE PRESBYTERIAN 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 A, LINE 7A NEW BOARD MEMBERS ARE PRESENTED TO THE FULL BOARD ON A "SLATE". THE FULL BOARD APPROVES THE SLATE. IF ACCEPTED, THE SLATE IS FORWARDED TO THE MEMBER CORPORATIONS FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 11 THE PERFORMANCE OVERSIGHT 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 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE ORGANIZATION KEEPS A COPY OF THE AUDITED FINANCIAL STATEMENTS AND FORM 990 IN THE LIBRARY FOR PUBLIC ACCESS. THE ORGANIZATION ALSO SUBMITS QUARTERLY STATEMENTS TO THE MSRB DATA SITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -73,923. AMOUNTS RELATED TO RECOGNITION OF MINIMUM PENSION LIABILITY 3,797,893. INCREASE IN FV OF BENEFICIAL TRUST FUNDS 36,626. UNREALIZED GAIN ON INVESTMENT SECURITIES 836,602. INCREASE IN FV OF PERPETUAL TRUST FUNDS 115,542. FORM 990, PART XI, QUESTION 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR WITH REGARD TO THE COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. AUDITED FINANCIALS PART IV, PAGE 3, QUESTION 12 WESTMINSTER CANTERBURY AND WESTMINSTER CANTERBURY FOUNDATION ARE CONSOLIDATED FOR FINANCIAL STATEMENT PURPOSES. POTENTIAL RELATED PARTIES PART VII ROBERT CHAPMAN, A MEMBER OF THE BOARD OF TRUSTEES, IS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF BANK OF THE JAMES. BANK OF THE JAMES HAS A BRANCH LOCATED ON WC PROPERTY. BANK OF THE JAMES IS RESPONSIBLE FOR ALL "BANKING COST" AND UTILITIES FOR THIS UNIT. WC ALSO HAS A CHECKING ACCOUNT WITH BANK OF THE JAMES, THE BALANCE OF WHICH IS NOT MATERIAL TO THEIR OVERALL CASH BALANCE. IN THE ORDINARY COURSE OF BUSINESS, FORMER TRUSTEES, OFFICERS OR KEY EMPLOYEES MAY CONTRACT WITH AND BECOME RESIDENTS OF WESTMINSTER CANTERBURY. NO PREFERENTIAL TREATMENT IS OFFERED TO THESE INDIVIDUALS. THESE TRANSACTIONS ARE NO REPORTED ON SCHEDULE L. 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)3 509(A)(3) TYPE 1 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 THE WESTMINSTER CANTERBURY OF LYNCHBURG FOUNDATION INC C 20640