Village At Woods Edge
- Assets
- $21.4m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 116
- Location
- Franklin, VA
- Founding
- 10/1988
- Data as of
- 12/2021
- EIN
- 54-1454861
Organization Overview
Village At Woods Edge is located in Franklin, VA. The organization was established in 1988. 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 12/2021, Village At Woods Edge employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village At Woods Edge 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, Village At Woods Edge generated $6.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $6.2m during the year ending 12/2021. While expenses have increased by 1.2% 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
RESIDENTIAL SERVICES & CARE FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHED STATEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billie Turner Exec Dir | OfficerTrustee | 40 | $123,502 |
Frank Rabil Sec/treas | OfficerTrustee | 2 | $0 |
Will Holt Director | Trustee | 1 | $0 |
E Warren Beale Jr Director | Trustee | 1 | $0 |
Anne Pittman Director | Trustee | 1 | $0 |
Lynn E Powell Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southern Charm Garden Center | 12/30/19 | $112,127 |
Star Security And Investigations Security | 12/30/19 | $127,185 |
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 | $425,215 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $425,215 |
| Total Program Service Revenue | $4,701,150 |
| Investment income | $199,437 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $349,828 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,413,809 |
| 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. | $123,502 |
| Compensation of current officers, directors, key employees. | $123,502 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,291,269 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $284,746 |
| Payroll taxes | $181,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,735 |
| Fees for services: Accounting | $48,442 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $230,553 |
| Office expenses | $77,704 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,052,154 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,424 |
| Interest | $150,919 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $961,916 |
| Insurance | $0 |
| All other expenses | $65,030 |
| Total functional expenses | $6,224,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,580,827 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $201,017 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,567 |
| Prepaid expenses and deferred charges | $179,316 |
| Net Land, buildings, and equipment | $13,465,162 |
| Investments—publicly traded securities | $5,955,484 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,131 |
| Total assets | $21,449,504 |
| Accounts payable and accrued expenses | $359,540 |
| Grants payable | $0 |
| Deferred revenue | $1,387,565 |
| 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 | $4,862,136 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,391,834 |
| Total liabilities | $16,001,075 |
| Net assets without donor restrictions | $5,363,053 |
| Net assets with donor restrictions | $85,376 |
| 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 | $21,449,504 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Village At Woods Edge has recieved totaling $49,650.
| Awarding Organization | Amount |
|---|---|
Ruth Camp And Henry Campbell Fdn Franklin, VA PURPOSE: THERAPY, SAFETY, PLANNING, DEMENTIA EDUCATION | $40,000 |
Hampton Roads Community Foundation Norfolk, VA PURPOSE: PIANO REPLACEMENT | $9,650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lakeshore Estate Inc Nashville, TN | $27,064,642 | $18,022,154 |
Beth Sholom Home Of Eastern Virginia Virginia Beach, VA | $27,551,493 | $20,688,012 |
Presbyterian Homes And Services Of Ky Inc Louisville, KY | $21,197,492 | $21,992,512 |
Samaritan Housing Foundation Inc Cary, NC | $309,375,809 | $14,744,618 |
Columbia Vantage House Corporation Columbia, MD | $57,259,023 | $17,855,737 |
Penick Village Inc Southern Pines, NC | $72,235,809 | $19,517,376 |
Lexington Retirement Community Inc Lexington, VA | $110,623,438 | $22,740,309 |
Ave Maria Home Memphis, TN | $24,665,366 | $18,165,699 |
Blakeford At Green Hills Corporation Nashville, TN | $102,878,006 | $17,185,961 |
Laurel Heights Home For The Elderly London, KY | $12,389,193 | $18,787,244 |
Masonic And Eastern Star Home Greensboro, NC | $138,321,577 | $15,654,772 |
Culpeper Baptist Retirement Community Inc Glen Allen, VA | $85,756,806 | $15,427,505 |