Westminster Village Inc
- Assets
- $38.2m
- Revenue
- $20.0m
- Investments
- $0.0
- Employees
- 329
- Location
- Scottsdale, AZ
- Founding
- 07/1982
- Data as of
- 12/2021
- EIN
- 86-0424020
Organization Overview
Westminster Village Inc is located in Scottsdale, AZ. The organization was established in 1982. 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, Westminster Village Inc employed 329 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westminster Village Inc 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, Westminster Village Inc generated $20.0m 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 $20.3m during the year ending 12/2021. While expenses have increased by 1.8% 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
WESTMINSTER VILLAGE, INC. IS A NOT-FOR-PROFIT, 501(C)(3), LIFE CARE RETIREMENT COMMUNITY IN SCOTTSDALE, ARIZONA. THE VILLAGE IS DEDICATED TO ENHANCE THE DIGNITY, INDEPENDENCE, WELL BEING, AND SECURITY OF OUR RESIDENTS THROUGH A BALANCED SPECTRUM OF RESIDENTIAL AND HEALTH CARE PROGRAMS AND SERVICES. RESOURCES ARE DIRECTED TO PROVIDE A CARING AND INNOVATIVE ENVIRONMENT TO EFFECTIVELY BENEFIT THE RESIDENTS SOCIALLY, EMOTIONALLY, PHYSICALLY AND SPIRITUALLY. THE VILLAGE IS EQUALLY COMMITTED TO PROVIDING A WELCOMING, OPEN AND COOPERATIVE WORKPLACE FOR OUR STAFF. THE BOARD OF DIRECTORS AND MANAGEMENT ARE COMMITTED TO SOUND FISCAL MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESTMINSTER VILLAGE, INC. IS A LIFECARE RETIREMENT FACILITY CONSISTING OF 250 APARTMENTS FOR INDEPENDENT LIVING AS WELL AS ASSISTANCE WITH ACTIVITIES IN DAILY LIVING FOR SENIOR CITIZENS. 23-ASSISTED LIVING UNITS AND A 60-BED SKILLED NURSING CENTER IS INCLUDED IN THE FACILITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas D Winkelman CEO | Officer | 40 | $374,664 |
Todd David Armstrong VP Of Health Services | 40 | $168,706 | |
Garth P Beguin CFO | Officer | 40 | $156,951 |
Michael W Charles VP Of Operational Services | 40 | $154,844 | |
Cathy Mccullough Chief Communication Officer | 40 | $131,502 | |
Daniel Lee Poteet VP Of Project Management | 40 | $115,895 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrison Community Living Food Service Mgmt | 12/30/21 | $455,664 |
Summit Therapy Contract Services | 12/30/21 | $190,962 |
Rama Landscaping Landscaping | 12/30/21 | $110,141 |
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 | $1,238,594 |
| Noncash contributions included in lines 1a–1f | $1,013,724 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,238,594 |
| Total Program Service Revenue | $18,340,573 |
| Investment income | $73,952 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,045,460 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,766 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $598,284 |
| Compensation of current officers, directors, key employees. | $42,080 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,446,687 |
| Pension plan accruals and contributions | $54,048 |
| Other employee benefits | $701,302 |
| Payroll taxes | $661,594 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,238,161 |
| Advertising and promotion | $59,755 |
| Office expenses | $48,470 |
| Information technology | $134,436 |
| Royalties | $0 |
| Occupancy | $872,072 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,248 |
| Interest | $899,928 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,934,631 |
| Insurance | $585,600 |
| All other expenses | $232,697 |
| Total functional expenses | $20,296,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,080,413 |
| Savings and temporary cash investments | $8,591,832 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $985,655 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $149,024 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $325,620 |
| Net Land, buildings, and equipment | $20,212,194 |
| Investments—publicly traded securities | $3,812,545 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,737 |
| Total assets | $38,216,020 |
| Accounts payable and accrued expenses | $822,211 |
| Grants payable | $0 |
| Deferred revenue | $27,226,924 |
| Tax-exempt bond liabilities | $21,348,721 |
| 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 | $1,619,814 |
| Total liabilities | $51,017,670 |
| Net assets without donor restrictions | -$13,801,650 |
| Net assets with donor restrictions | $1,000,000 |
| 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 | $38,216,020 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Westminster Village Inc has recieved totaling $639.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $639 |
Endowment Analysis
| Admin Expense | $18,410 |
| Net Contributions | $1,250,000 |
| Ending Balance | $1,231,590 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bethesda Foundation Colorado Springs, CO | $104,909,820 | $43,407,177 |
La Posada At Park Centre Inc Green Valley, AZ | $182,054,249 | $47,958,568 |
Frasier Meadows Manor Inc Boulder, CO | $252,296,856 | $40,732,560 |
Northern California Retired Officers Community Fairfield, CA | $260,915,478 | $45,201,737 |
Casa De Las Campanas Inc San Diego, CA | $261,081,118 | $41,918,031 |
Beatitudes Campus Of Care Phoenix, AZ | $120,319,049 | $33,436,636 |
Eisenberg Village Of The Los Angeles Jewish Home For The Aging Reseda, CA | $65,782,377 | $31,680,151 |
St Pauls Episcopal Home Inc San Diego, CA | $87,096,131 | $36,208,689 |
Oconnor Woods Housing Corporation Stockton, CA | $90,240,253 | $33,053,547 |
People Of Faith Inc Sun City, AZ | $251,643,138 | $33,088,460 |
Congregational Homes Pomona, CA | $121,991,966 | $32,927,075 |
Bslc Ii Colorado Springs, CO | $101,154,124 | $30,600,534 |