Westminster Village Terre Haute Inc
- Assets
- $16.7m
- Revenue
- $13.2m
- Investments
- $0.0
- Employees
- 306
- Location
- Terre Haute, IN
- Founding
- 07/1981
- Data as of
- 12/2022
- EIN
- 35-1494162
Organization Overview
Westminster Village Terre Haute Inc is located in Terre Haute, IN. The organization was established in 1981. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2022, Westminster Village Terre Haute Inc employed 306 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westminster Village Terre Haute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Westminster Village Terre Haute Inc generated $13.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $16.1m during the year ending 12/2022. While expenses have increased by 2.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONTINUING CARE COMMUNITY THAT OFFERS TERRE HAUTE THE PERFECT BALANCE IN SENIOR LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AGREEMENT WITH RUSH MEMORIAL HOSPITAL RELATED TO LEASE, TRANSFER OF OPERATIONS AND MANAGEMENT OF THE ASSISTED LIVING AND INDEPENDENT LIVING LICENSED RESIDENTIAL BEDS AND CERTIFIED HEALTH FACILITY. THE AGREEMENT EFFECTIVELY PROVIDES FOR THE HOSPITAL TO LEASE THE SKILLED NURSING UNIT PROPERTY AND OPERATIONS AND TO ENTER INTO AGREEMENTS FOR THE ORGANIZATION TO PROVIDE MANAGEMENT OF THE OPERATIONS.
ASSISTED-LIVING MAINTAINS 38 ASSISTED-LIVING APARTMENTS, INCLUDES WEEKLY HOUSEKEEPING, THREE DAILY MEALS, MAINTENANCE AS NEEDED, AND ALL UTILITIES, ALLOWS ACCESS TO THE ORGANIZATION'S ACTIVITIES AND AMENITIES, PERSONALIZED ASSISTANCE.AS FOR PERSONALIZED ASSISTANCE RESIDENTS CAN COUNT ON HELP WITH MEDICATION MANAGEMENT, CUING AND REMINDERS AS WELL AS ACTIVITIES OF DAILY LIVING INCLUDING DRESSING, GROOMING AND BATHING. RESIDENTS CAN TAKE PART IN VARIOUS SOCIAL OPPORTUNITIES AND OUTINGS, TOO.
INDEPENDENT-LIVING MAINTAINS 174 APARTMENTS AND 28 VILLAS, INCLUDES BIWEEKLY HOUSEKEEPING, FLEXIBLE DINING PRIVILEGES, MAINTENANCE AS NEEDED, AND ALL UTILITIES, ALLOWS ACCESS TO THE ORGANIZATION'S ACTIVITIES AND AMENITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Tevlin Secretary | OfficerTrustee | 1 | $3,600 |
Sally Whitehurst President | OfficerTrustee | 1 | $3,660 |
Dan Callahan Treasurer | OfficerTrustee | 1 | $3,600 |
Robert Baesler Director | Trustee | 1 | $3,300 |
David Friedrich Director | Trustee | 1 | $3,600 |
Eric Southard Director | Trustee | 1 | $3,600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Life Care Companies Llc Management, Accounting Services, Payroll | 12/30/22 | $884,107 |
Encore Rehabilitation Services Therapy | 12/30/22 | $474,836 |
Myshyft Caretakers | 12/30/22 | $300,370 |
Guardian Pharmacy Pharmacy Consulting | 12/30/22 | $232,037 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,755 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,755 |
| Total Program Service Revenue | $12,973,216 |
| Investment income | $50,811 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,215 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,290 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,152,831 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $192,988 |
| Compensation of current officers, directors, key employees. | $192,988 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,015,785 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $688,694 |
| Payroll taxes | $434,402 |
| Fees for services: Management | $451,454 |
| Fees for services: Legal | $150,508 |
| Fees for services: Accounting | $139,401 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $847,433 |
| Advertising and promotion | $217,112 |
| Office expenses | $1,611,499 |
| Information technology | $219,996 |
| Royalties | $0 |
| Occupancy | $1,192,028 |
| Travel | $59,917 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,286 |
| Interest | $985,046 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,076,014 |
| Insurance | $235,417 |
| All other expenses | $17,233 |
| Total functional expenses | $16,119,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,553 |
| Savings and temporary cash investments | $3,252,580 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,084,395 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $84,702 |
| Prepaid expenses and deferred charges | $164,021 |
| Net Land, buildings, and equipment | $10,003,685 |
| Investments—publicly traded securities | $1,938,945 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,440 |
| Total assets | $16,701,321 |
| Accounts payable and accrued expenses | $2,606,893 |
| Grants payable | $0 |
| Deferred revenue | $5,197,835 |
| Tax-exempt bond liabilities | $11,860,478 |
| Escrow or custodial account liability | $10,678 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,397,387 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,425,371 |
| Total liabilities | $39,498,642 |
| Net assets without donor restrictions | -$22,811,444 |
| Net assets with donor restrictions | $14,123 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,701,321 |
Grants Awarded
Over the last fiscal year, Westminster Village Terre Haute Inc has awarded $29,331 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
14TH & CHESTNUT COMMUNITY CENTER INC PURPOSE: TO ASSIST LOCAL CHARITIES AND FOOD BANKS IN THEIR MISSIONS. | $16,361 |
TERRE HAUTE CATHOLIC CHARITIES FOODBANK INC PURPOSE: TO ASSIST LOCAL CHARITIES AND FOOD BANKS IN THEIR MISSIONS. | $12,970 |