Williamsburg Landing Inc
- Assets
- $183.3m
- Revenue
- $46.7m
- Investments
- $22.7m
- Employees
- 546
- Location
- Williamsburg, VA
- Founding
- 07/1989
- Data as of
- 12/2023
- EIN
- 52-1305909
Organization Overview
Williamsburg Landing Inc is located in Williamsburg, VA. The organization was established in 1989. 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 12/2023, Williamsburg Landing Inc employed 546 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Williamsburg Landing 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 12/2023, Williamsburg Landing Inc generated $46.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $43.7m during the year ending 12/2023. While expenses have increased by 4.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OFFER A FULL SPECTRUM OF OPPORTUNITIES THAT FOSTER INDEPENDENCE, CONNECTION AND SECURITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WILLIAMSBURG LANDING, INC. IS A CONTINUING CARE RETIREMENT COMMUNITY LOCATED IN JAMES CITY COUNTY, VIRGINIA THAT CONTAINS 317 RESIDENTIAL UNITS, 73 ASSISTED LIVING UNITS, 36 DEMENTIA UNITS, AND A 58-BED SKILLED NURSING CENTER THAT PROVIDES RESIDENTIAL AND MEDICAL SERVICES TO ITS RESIDENTS. WILLIAMSBURG LANDING OPERATES UNDER THE CONCEPT IN WHICH RESIDENTS ENTER INTO A CONTRACTUAL AGREEMENT THAT GENERALLY REQUIRES ONE-TIME ADVANCE FEE WITH MONTHLY SERVICE FEES. GENERALLY, THESE PAYMENTS ENTITLE RESIDENTS TO THE USE AND PRIVILEGES OF THE COMMUNITY FOR LIFE, INCLUDING THE RIGHT TO OCCUPY DESIGNATED RESIDENTIAL UNITS AND TO RECEIVE CERTAIN HEALTH CARE SERVICES. (CONTINUED ON SCHEDULE O)INDEPENDENT LIVING: FULL SERVICE ACCREDITED CONTINUING CARE COMMUNITY APPROPRIATE ACTIVITIES AND A HEALTHY LIFESTYLE PROGRAM PROVIDED IN THE 24,000 SQUARE FOOT DOIG HEALTH CLUB AND ELSEWHERE ON CAMPUS. FINE DINING IS AVAILABLE IN THE MAIN DINING ROOM WITH INFORMAL DINING IN THE COVE CAFE. WILLIAMSBURG LANDING PROVIDES FOR ACCESS TO AN ONSITE CLINIC SERVED BY A MEDICAL PROFESSIONALS. TRANSPORTATION AND OTHER SERVICES PROVIDED AS NEEDED.HEALTH AND REHABILITATION SERVICES AT WILLIAMSBURG LANDING ENCOMPASSES ALL HIGHER LEVELS OF CARE, INCLUDING SKILLED NURSING (MEDICARE), LONG TERM CARE, RESPITE CARE, ASSISTED LIVING AND CARE FOR THOSE WITH MEMORY LOSS. SERVICES ARE PROVIDED PRIMARILY FOR RESIDENTS. NON-RESIDENTS MAY BE ACCEPTED ON A SPACE AVAILABLE BASIS. SERVICES INCLUDE ACCESS TO MEDICAL PROFESSIONALS AND PHYSICAL REHAB, A DIETITIAN, ACTIVITIES AND OTHER SERVICES. A COMPREHENSIVE PROGRAM FOR RESIDENTS WITH MEMORY LOSS ARE ALSO PROVIDED BY THE STAFF OF COVE CREST.WILLIAMSBURG LANDING HAS A BENEVOLENCE PROGRAM TO PROVIDE FINANCIAL ASSISTANCE FOR THOSE RESIDENTS WHO OUTLIVE THEIR RESOURCES. THE RESIDENT MUST PROVIDE CONCLUSIVELY THAT THE INABILITY TO PAY IS DUE TO FINANCIAL REVERSALS OVER WHICH THE RESIDENT HAS NO CONTROL OR IS DUE TO DEPLETION OF THE RESIDENT'S ASSETS IN A REASONABLE MANNER BY THE PASSAGE OF TIME. THE BENEVOLENCE FUND CURRENTLY HAS A BALANCE OF $4.2 MILLION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison J Brody Director | Trustee | 4 | $0 |
Jeanne Zeidler Chair | OfficerTrustee | 4 | $0 |
Dr Carlene Pittman Director | Trustee | 3 | $0 |
Louise Cranfield Director | Trustee | 3 | $0 |
John Sadler ESQ Director | Trustee | 3 | $0 |
Michael Fox Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Culinary Services | 12/30/23 | $4,145,045 |
Guernsey Tingle Architects Pc Architecture | 12/30/23 | $1,123,319 |
Healthpro Heritage Llc Contract Labor For Therapists | 12/30/23 | $954,571 |
Xclusive Medical Staffing Contract Labor For Nurses And Aides | 12/30/23 | $925,110 |
Wm Jordan Company Inc Construction Contractor | 12/30/23 | $391,433 |
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 | $1,076,569 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,076,569 |
| Total Program Service Revenue | $44,324,983 |
| Investment income | $1,291,221 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $40,560 |
| Net Gain/Loss on Asset Sales | $15,642 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,748,975 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $243,615 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,834,136 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,815,696 |
| Payroll taxes | $1,156,080 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $121,134 |
| Fees for services: Accounting | $87,207 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,049,386 |
| Advertising and promotion | $227,627 |
| Office expenses | $914,629 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,078,772 |
| Travel | $127,592 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,911 |
| Interest | $3,421,637 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,197,487 |
| Insurance | $681,205 |
| All other expenses | $469,996 |
| Total functional expenses | $43,720,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,292,365 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $365,450 |
| Accounts receivable, net | $535,545 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $32,693 |
| Inventories for sale or use | $277,081 |
| Prepaid expenses and deferred charges | $838,501 |
| Net Land, buildings, and equipment | $121,556,605 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $22,727,086 |
| Investments—program-related | $35,381,060 |
| Intangible assets | $0 |
| Other assets | $254,902 |
| Total assets | $183,261,288 |
| Accounts payable and accrued expenses | $2,567,130 |
| Grants payable | $0 |
| Deferred revenue | $46,289,990 |
| Tax-exempt bond liabilities | $102,212,993 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $79,384,239 |
| Total liabilities | $230,454,352 |
| Net assets without donor restrictions | -$49,298,425 |
| Net assets with donor restrictions | $2,105,361 |
| 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 | $183,261,288 |