Virginia United Methodist Homes Inc
- Assets
- $264.7m
- Revenue
- $72.3m
- Investments
- $0.0
- Employees
- 882
- Location
- Glen Allen, VA
- Founding
- 12/1953
- Data as of
- 05/2024
- EIN
- 54-0720603
Organization Overview
Virginia United Methodist Homes Inc, operating under the name Pinnacle Living, is located in Glen Allen, VA. The organization was established in 1953. 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 05/2024, Pinnacle Living employed 882 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pinnacle Living 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 05/2024, Pinnacle Living generated $72.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $66.9m during the year ending 05/2024. While expenses have increased by 1.7% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ENRICHING LIFE'S JOURNEY
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1947, VIRGINIA UNITED METHODIST HOMES, INC. D/B/A PINNACLE LIVING PROVIDES HOUSING, HEALTH SERVICES AND FINANCIAL SECURITY TO RESIDENTS AT ITS FOUR LIFE PLAN COMMUNITIES IN VIRGINIA. THE COMMUNITIES OF PINNACLE LIVING ARE HERMITAGE RICHMOND, HERMITAGE ROANOKE, CEDARFIELD, HERMITAGE DEEP RUN, AND HERMITAGE THREE CHOPT. PINNACLE LIVING IS THE SOLE MEMBER OF WINDSORMEADE WILLIAMSBURG AND PROVIDES CERTAIN ADMINISTRATIVE SERVICE TO WINDSORMEADE ON A CONTINUAL BASIS. PINNACLE LIVING ENRICHES LIFE JOURNEY FOR RESIDENTS LIVING IN INDEPENDENT LIVING, ASSISTED LIVING, MEMORY SUPPORT AND HEALTH CARE, AS WELL AS OLDER PERSONS IN THE BROADER COMMUNITY. PINNACLE LIVING SERVES A WIDE RANGE OF SOCIALLY AND ECONOMICALLY DIVERSE RESIDENTS THROUGH A PERSON-CENTERED FOCUS ON EACH INDIVIDUAL'S PHYSICAL, EMOTIONAL, RECREATIONAL, SOCIAL AND RELIGIOUS NEEDS. WITH A RICH LEGACY OF OVER SEVENTY-FIVE YEARS, PINNACLE LIVING HAS BUILT A LONGSTANDING REPUTATION OF PROVIDING EXCELLENT, COMPASSIONATE SUPPORT AND SERVICES IN A FAITH-BASED ENVIRONMENT. PINNACLE LIVING PROVIDES (DIRECTLY AND THROUGH THIRD PARTY ARRANGEMENTS) FOR THE HEALTH CARE OF RESIDENTS IN HOUSEHOLD AND NEIGHBORHOOD SETTINGS WITH NURSING SERVICES, ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, MEMORY SUPPORT, PHYSICAL THERAPY AND RELATED HEALTH SERVICES. PINNACLE LIVING IS COMMITTED TO PROVIDING FOR THE FINANCIAL SECURITY OF ITS RESIDENTS IN COMPLIANCE WITH THE STANDARDS APPLICABLE TO A PUBLIC CHARITY. CONSISTENT WITH THIS COMMITMENT, PINNACLE LIVING ESTABLISHED ITS SAMARITAN PROGRAM FOR BENEVOLENT CARE. THROUGH THE SAMARITAN PROGRAM, FUNDS ARE SOLICITED BY VARIOUS MEANS, INCLUDING DIRECT SOLICITATION OF MEMBERS OF THE UNITED METHODIST CHURCH, ON BEHALF OF THE RESIDENTS OF PINNACLE LIVING AND WINDSORMEADE WILLIAMSBURG WHO MAY BECOME UNABLE TO PAY THE FULL COST OF THEIR EXPENSES. PINNACLE LIVING STRIVES TO ESTABLISH, FOSTER, AND LEVERAGE EXTERNAL RELATIONSHIPS THROUGH COOPERATION, COORDINATION, AND COLLABORATION THAT EXTEND THE ORGANIZATION'S MISSION INTO THE BROADER COMMUNITY. KEY PARTNERS IN COMMUNITY ENGAGEMENT AND SOCIAL ACCOUNTABILITY INITIATIVES INCLUDE PUBLIC AND PRIVATE EDUCATIONAL INSTITUTIONS, OTHER CHARITABLE ORGANIZATIONS, HOSPITALS, SOCIAL SERVICE AGENCIES, LOCAL GOVERNMENTS, AND FAITH-BASED COMMUNITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley M Cauffman Chairperson | Trustee | 1 | $0 |
Kevin W Bruny Vice Chairperson | Trustee | 1 | $0 |
Hank C Coleman Secretary | Trustee | 1 | $0 |
Lisa F Han Director | Trustee | 1 | $0 |
Jane G Hornbeck Director | Trustee | 1 | $0 |
F Ellen Netting Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Five19 Creative Llc Design And Marketing | 5/30/24 | $874,546 |
Sodexo Inc & Affiliates Food Services | 5/30/24 | $1,059,781 |
Sycom Technologies Llc It Security | 5/30/24 | $666,771 |
Premier Consulting Services Inc Consulting | 5/30/24 | $320,100 |
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 | $1,336,969 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,336,969 |
| Total Program Service Revenue | $64,843,969 |
| Investment income | $4,590,725 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,576,624 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,348,287 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $399,595 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,786,711 |
| Compensation of current officers, directors, key employees. | $2,786,711 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,290,831 |
| Pension plan accruals and contributions | $802,293 |
| Other employee benefits | $1,920,847 |
| Payroll taxes | $2,179,219 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $416,052 |
| Fees for services: Accounting | $130,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,806,318 |
| Advertising and promotion | $1,079,053 |
| Office expenses | $557,674 |
| Information technology | $1,470,042 |
| Royalties | $0 |
| Occupancy | $2,788,046 |
| Travel | $164,248 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $194,218 |
| Interest | $4,827,039 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,420,729 |
| Insurance | $1,146,952 |
| All other expenses | $738,431 |
| Total functional expenses | $66,857,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,646,992 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $229,778 |
| 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 | $395,505 |
| Net Land, buildings, and equipment | $137,718,147 |
| Investments—publicly traded securities | $90,823,100 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,930,999 |
| Total assets | $264,744,521 |
| Accounts payable and accrued expenses | $7,096,865 |
| Grants payable | $0 |
| Deferred revenue | $89,800,908 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,019,322 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $96,695,506 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,012,422 |
| Total liabilities | $196,625,023 |
| Net assets without donor restrictions | $39,286,330 |
| Net assets with donor restrictions | $28,833,168 |
| 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 | $264,744,521 |