Virginia Home
- Assets
- $132.7m
- Revenue
- $34.6m
- Investments
- $122.0m
- Employees
- 296
- Location
- Richmond, VA
- Founding
- 12/1948
- Data as of
- 12/2021
- EIN
- 54-0577900
Organization Overview
Virginia Home is located in Richmond, VA. The organization was established in 1948. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2022, Virginia Home employed 296 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Home 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 12/2021, Virginia Home generated $34.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $19.7m during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LONG-TERM CARE FOR PERSONS WITH IRREVERSIBLE PHYSICAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTS LIVING AT THE VIRGINIA HOME REQUIRE AROUND-THE-CLOCK CARE. IN ADDITION TO PROVIDING PROFESSIONAL NURSING SUPPORT, WE GIVE EACH PERSON AN OPPORTUNITY TO LIVE A LIFE WITH DIGNITY, RESPECT, AND PROVIDE EACH PERSON THE CHANCE TO PURSUE PERSONAL DREAMS AND ENJOY NEW EXPERIENCES REGARDLESS OF THE PHYSICAL CHALLENGES ONE MAY FACE.THE VIRGINIA HOME PROVIDES OUTSTANDING NURSING, DENTAL AND MEDICAL SERVICES TO ENSURE THE COMFORT AND CONVENIENCE OF ALL RESIDENTS. SERVICES INCLUDE:- COMPLETE 24-HOUR NURSING CARE AND A FULL-TIME MEDICAL DIRECTOR- PRIVATE ROOMS, DAILY HOUSEKEEPING, AND WEEKLY LAUNDRY SERVICE- PHYSICAL, OCCUPATIONAL, RECREATIONAL, AND SPEECH THERAPY- PRIVATE TRANSPORTATION SERVICES VIA A FLEET OF SIX VEHICLES- THERAPEUTIC RECREATION OPPORTUNITIES BOTH ON-SITE AND OUT IN THE COMMUNITY- ON-SITE ROUTINE DENTAL SERVICES IN OUR FULLY-EQUIPPED DENTAL CLINIC- COUNSELING SERVICES FOR RESIDENTS AND THEIR FAMILIES- WHEELCHAIR REPAIR AND MAINTENANCE- ACCESS TO ADAPTIVE AND ASSISTIVE TECHNOLOGY- MULTI-DAY TRIPS TO EXCITING DESTINATIONS THROUGH OUR COMMUNITY INTEGRATION DEPARTMENT AND OUR TRAVEL SCHOLARSHIP PROGRAM- FOR OFF-SITE MEDICAL CARE, WE TRANSPORT RESIDENTS TO AND FROM REGIONAL HOSPITALS AND MEDICAL PROVIDERS. STAFF MEMBERS ACCOMPANY ALL RESIDENTS TO ANY OFF-SITE APPOINTMENT IF REQUESTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirsti A Goodwin Chair | OfficerTrustee | 2 | $0 |
Ashley B Burke Vice Chair | OfficerTrustee | 2 | $0 |
Barbara G Reames Treasurer | OfficerTrustee | 2 | $0 |
Laura C Stewart Secretary | OfficerTrustee | 2 | $0 |
Jean Benson III Trustee | Trustee | 2 | $0 |
Ilvy Cotterell Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,000 |
| Related organizations | $0 |
| Government grants | $2,907,409 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,587,413 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,495,822 |
| Total Program Service Revenue | $12,977,666 |
| Investment income | $1,053,611 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $60,505 |
| Net Gain/Loss on Asset Sales | $11,048,906 |
| Net Income from Fundraising Events | -$32,889 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,605,321 |
| 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. | $750,172 |
| Compensation of current officers, directors, key employees. | $736,183 |
| Compensation to disqualified persons | $151,662 |
| Other salaries and wages | $10,663,853 |
| Pension plan accruals and contributions | $864,166 |
| Other employee benefits | $1,275,125 |
| Payroll taxes | $823,095 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $114,619 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $698,884 |
| Fees for services: Other | $128,269 |
| Advertising and promotion | $105,661 |
| Office expenses | $0 |
| Information technology | $102,558 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,414 |
| Interest | $179,735 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $786,802 |
| Insurance | $263,420 |
| All other expenses | $257,169 |
| Total functional expenses | $19,727,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $584,651 |
| Savings and temporary cash investments | $1,889,013 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $690,792 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $154,844 |
| Net Land, buildings, and equipment | $7,327,473 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $121,967,482 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $107,887 |
| Total assets | $132,722,142 |
| Accounts payable and accrued expenses | $1,929,694 |
| Grants payable | $0 |
| Deferred revenue | $69,713 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,375,987 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,328,473 |
| Total liabilities | $10,703,867 |
| Net assets without donor restrictions | $113,384,827 |
| Net assets with donor restrictions | $8,633,448 |
| 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 | $132,722,142 |