Westminster-Canterbury Of Lynchburg Inc
- Assets
- $144.6m
- Revenue
- $36.9m
- Investments
- $30.9m
- Employees
- 530
- Location
- Lynchburg, VA
- Founding
- 12/1975
- Data as of
- 09/2023
- EIN
- 54-0988608
Organization Overview
Westminster-Canterbury Of Lynchburg Inc, operating under the name Westminister-Canterbury Of Lynchburg, is located in Lynchburg, VA. The organization was established in 1975. 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 09/2023, Westminister-Canterbury Of Lynchburg employed 530 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westminister-Canterbury Of Lynchburg 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 09/2023, Westminister-Canterbury Of Lynchburg generated $36.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $35.6m during the year ending 09/2023. While expenses have increased by 4.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY GUIDED BY CHRISTIAN IDEALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WCL IS DESIGNED TO OPERATE A NONPROFIT CONTINUING CARE RETIREMENT COMMUNITY, GUIDED BY CHRISTIAN IDEALS WHICH PROMOTE INDEPENDENCE AND DIGNITY, PROVIDING QUALITY HOUSING, HEALTH CARE AND SECURITY TO RESIDENTS IN A FISCALLY RESPONSIBLE MANNER. WCL HAD TOTAL OF 423 UNITSACROSS INDEPENDENT LIVING, ASSISTED LIVING, AND THE HEALTH CENTER, WITH APPROXIMATELY 95.8% OF THE INDEPENDENT LIVING UNITS OCCUPIED AS OF SEPTEMBER 30, 2023. WCL IS COMMITTED TO A PROGRAM OF SERVICES WHICH PROVIDE RESIDENTS WITH HOUSING, HEALTHCARE, SECURITY AND A VARIETY OF ACTIVITIES AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth M Conzen Vice Chair | OfficerTrustee | 1 | $0 |
Anne R Mcveigh Chair | OfficerTrustee | 1 | $0 |
William W Perkins Trustee | Trustee | 1 | $0 |
Robert S Lockridge Jr MD Trustee | Trustee | 1 | $0 |
Susan G Ackley Trustee | Trustee | 1 | $0 |
William W Paxton Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jamerson-lewis Construction General Construction Contractor | 9/29/23 | $1,170,881 |
Pharmerica Resident Pharmacy | 9/29/23 | $457,301 |
Entrust Client Services Employee Hc Insurance Tpa | 9/29/23 | $432,472 |
Sysco Virginia Llc Food Vendor | 9/29/23 | $1,578,949 |
Eplus Technology Inc Technology Equipment And Consulting | 9/29/23 | $266,010 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $228,165 |
| Government grants | $2,011,974 |
| All other contributions, gifts, grants, and similar amounts not included above | $474,624 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,714,763 |
| Total Program Service Revenue | $32,200,096 |
| Investment income | $1,029,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $106,648 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,892,402 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $597,870 |
| Other salaries and wages | $15,363,852 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,464,326 |
| Payroll taxes | $1,903,576 |
| Fees for services: Management | $18,750 |
| Fees for services: Legal | $23,228 |
| Fees for services: Accounting | $76,422 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $239,012 |
| Advertising and promotion | $230,823 |
| Office expenses | $922,267 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,677,071 |
| Travel | $127,034 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,026,544 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,025,571 |
| Insurance | $0 |
| All other expenses | $2,594,082 |
| Total functional expenses | $35,584,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,840,433 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,768,515 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $300,511 |
| Prepaid expenses and deferred charges | $526,802 |
| Net Land, buildings, and equipment | $98,413,480 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $30,854,526 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,896,678 |
| Total assets | $144,600,945 |
| Accounts payable and accrued expenses | $2,579,728 |
| Grants payable | $0 |
| Deferred revenue | $55,859,956 |
| Tax-exempt bond liabilities | $69,320,854 |
| 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 | $1,122,637 |
| Total liabilities | $128,883,175 |
| Net assets without donor restrictions | $10,730,798 |
| Net assets with donor restrictions | $4,986,972 |
| 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 | $144,600,945 |