Westminster Presbyterian Retirement Community Inc, operating under the name Westminster At Lake Ridge, is located in Rockville, MD. The organization was established in 1990. 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, Westminster At Lake Ridge employed 283 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westminster At Lake Ridge 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, Westminster At Lake Ridge generated $29.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $31.9m during the year ending 12/2023. While expenses have increased by 4.0% 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
PROVIDE QUALITY CONTINUING CARE SERVICES TO OLDER ADULTS IN PRESBYTERIAN-AFFILIATED ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESTMINSTER PRESBYTERIAN RETIREMENT COMMUNITY, INC., (WESTMINSTER AT LAKE RIDGE; AKA WLR) IS ONE OF THREE INGLESIDE PREMIER RETIREMENT COMMUNITIES. A NOT-FOR-PROFIT LIFE PLAN COMMUNITY, WESTMINSTER'S GOVERNANCE AND MANAGEMENT MEETS THE CHANGING NEEDS OF OLDER ADULTS IN AN ENGAGED CONTINUUM OF CARE THAT INCLUDES INDEPENDENT LIVING, MEMORY CARE, ASSISTED LIVING, SKILLED NURSING AND REHABILITATION SERVICES.WESTMINSTER OFFERS A BROAD RANGE OF FACILITIES AND SERVICES WITH RESIDENTIAL AND PROFESSIONAL HEALTH CARE FACILITIES TAILORED TO SENIORS OF VARIOUS PHYSICAL, SOCIAL, EMOTIONAL, SPIRITUAL, AND ECONOMIC MEANS. LOCATED ON 62+ ACRES IN NORTHERN VIRGINIA'S, LAKE RIDGE, WLR IS COMPRISED OF 235 APARTMENTS AND COTTAGES, 40 ASSISTED LIVING APARTMENTS AND 60 SKILLED NURSING UNITS. THEIR HEALTH CARE FACILITIES PLACE SPECIAL EMPHASIS ON MAXIMIZING INDEPENDENCE AND THE OVERALL WELL-BEING OF ITS RESIDENTS. WESTMINSTER OFFERS CHAPLAINCY AND SOCIAL SERVICES' COUNSELING AS WELL AS SUPPORT GROUPS FOR RESIDENTS, FAMILIES AND STAFF. PARTNERING WITH VOLUNTEERS AND OTHER VENDORS, WESTMINSTER AT LAKE RIDGE ENSURES THE HIGHEST DEGREE OF RESIDENT SATISFACTION AND QUALITY OF LIFE. PROGRAMMING TO ENABLE AND ENCOURAGE RESIDENT PARTICIPATION IN ALL AREAS OF THE COMMUNITY IS BROAD-BASED AND INCLUDES ALL LEVELS OF CARE. WESTMINSTER STRIVES TO ENSURE RESIDENT INDEPENDENCE AND INDIVIDUALITY WHILE CULTIVATING A SENSE OF COMMUNITY, OPEN COMMUNICATION AND MUTUAL RESPECT.WESTMINSTER IS GOVERNED BY A VOLUNTEER, COMMUNITY-BASED BOARD OF DIRECTORS. RESIDENTS ARE ENCOURAGED TO VOLUNTEER BOTH WITHIN THE COMMUNITY AND IN THE BROADER POPULATION. WLR MAINTAINS AN ACTIVE AND INVOLVED RESIDENT ASSOCIATION THAT SPONSORS A VARIETY OF RESIDENT-LED COMMITTEES THAT ENHANCE THE OVERALL QUALITY OF SENIOR LIVING. IN ADDITION, FAMILY AND FRIENDS VOLUNTEER AT WLR, PROVIDING FELLOWSHIP AND ENGAGEMENT WITH THE RESIDENTS AND STAFF. MANY PARTICIPATE IN SEVERAL AREA VOLUNTEER OPPORTUNITIES, SUCH AS MENTORING STUDENTS AT ROCKLEDGE ELEMENTARY SCHOOL, AND SORTING OR SERVING FOOD DONATIONS AT LOCAL HOMELESS SHELTERS. WESTMINSTER AT LAKE RIDGE RESIDENTS HAVE ALSO ESTABLISHED A SCHOLARSHIP FUND FOR EMPLOYEES WHO ARE CONTINUING THEIR HIGHER EDUCATION OR WHO ARE WORKING TO ATTAIN THEIR US CITIZENSHIP.THE WESTMINSTER INGLESIDE FOUNDATION PROVIDES A WELCOMING AND SUPPORTIVE NETWORK FOR RESIDENTS WHO DURING THEIR LIFETIME, THROUGH NO FAULT OF THEIR OWN, HAVE "OUTLIVED" THEIR PERSONAL RESOURCES. THE FOUNDATION WORKS TO RAISE CHARITABLE FUNDS TO HELP THEIR RESIDENTS IN NEED WHILE ENHANCING THE QUALITY OF LIFE FOR ALL BY BUILDING AN ENDOWMENT FOR THE FUTURE.WESTMINSTER AT LAKE RIDGE IS COMMITTED TO PROVIDING QUALITY RESOURCES FOR ALL TO ACHIEVE AND MAINTAIN AN INTEGRATED AND ENGAGED LIFE WITH ACCESS TO THE CONTINUUM OF CARE AS THEIR NEEDS EVOLVE. WESTMINSTER DELIVERS PERSON-DIRECTED CARE WITH QUALITY ENGAGED SENIOR LIVING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nancy Kuhn Chair | OfficerTrustee | 1.2 | $0 |
Steven Wagner Vice Chair | OfficerTrustee | 1.2 | $0 |
Jennifer Chandler Hauge Secretary | OfficerTrustee | 1.2 | $0 |
Peggy Cecchine Director | Trustee | 0.8 | $0 |
Dale Clark Director | Trustee | 0.8 | $0 |
Sally Cox Director | Trustee | 0.8 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Cli Painting Construction | 12/30/23 | $914,010 |
Jabs Construction Inc Construction | 12/30/23 | $923,459 |
Sodexo Inc & Affiliates Dining Services | 12/30/23 | $2,576,139 |
Correct Rx Pharmacy Services Inc Pharmacy Service Provider | 12/30/23 | $342,389 |
Flagship Rehabilitation Outpatient Rehabilitation Services | 12/30/23 | $792,866 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $289,183 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $289,183 |
Total Program Service Revenue | $28,255,107 |
Investment income | $1,014,134 |
Tax Exempt Bond Proceeds | $110,820 |
Royalties | $0 |
Net Rental Income | $8,128 |
Net Gain/Loss on Asset Sales | -$394,192 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $29,381,157 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $158,120 |
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. | $221,636 |
Compensation of current officers, directors, key employees. | $24,452 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $9,724,798 |
Pension plan accruals and contributions | $130,335 |
Other employee benefits | $1,275,100 |
Payroll taxes | $696,132 |
Fees for services: Management | $1,562,212 |
Fees for services: Legal | $55,326 |
Fees for services: Accounting | $46,666 |
Fees for services: Lobbying | $266 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $33,546 |
Fees for services: Other | $1,995,205 |
Advertising and promotion | $203,643 |
Office expenses | $295,918 |
Information technology | $291,604 |
Royalties | $0 |
Occupancy | $4,417,318 |
Travel | $41,725 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $793 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,974,546 |
Insurance | $166,934 |
All other expenses | $490,877 |
Total functional expenses | $31,895,532 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,399,356 |
Savings and temporary cash investments | $1,203,648 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,391,386 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $32,773 |
Prepaid expenses and deferred charges | $680,591 |
Net Land, buildings, and equipment | $54,863,246 |
Investments—publicly traded securities | $14,965,911 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $7,554,458 |
Total assets | $83,091,369 |
Accounts payable and accrued expenses | $3,085,405 |
Grants payable | $0 |
Deferred revenue | $24,274,393 |
Tax-exempt bond liabilities | $42,349,944 |
Escrow or custodial account liability | $5,192 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $8,666,667 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $37,765,497 |
Total liabilities | $116,147,098 |
Net assets without donor restrictions | -$37,272,207 |
Net assets with donor restrictions | $4,216,478 |
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 | $83,091,369 |