Overview
What is Westminster Canterbury Corporation?
Westminster Canterbury Corporation is a faith-based charitable organization, rooted in the Episcopal and Presbyterian Churches, providing various living options for individuals aged 62 and above in Richmond, Virginia. With a workforce of 688 employees, they offer 493 residences for independent living, 72 apartments for those with cognitive decline, 80 apartments for assisted living, and 158 intermediate and skilled nursing beds. Their mission prioritizes compassionate, professional care, intellectual stimulation, entertainment, recreation, and spiritual enrichment. They offer an insurance product encompassing independent living, memory support, home health and hospice, and assisted living, with financial aid available for eligible residents. The corporation's registered products are overseen by the Commonwealth of Virginia Bureau of Insurance. Additional services, such as meals and internet access, are available at an extra charge. Westminster Canterbury Corporation's holistic approach to care aims to cater to residents' needs while fostering a dynamic and inspiring environment.
Official website here: www.wcrichmond.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Westminster Canterbury Corporation has earned a Three-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance. The organization demonstrates excellent governance with a fully independent board and robust financial oversight mechanisms in place, which helps ensure transparency and integrity in its operations.
Strengths are highlighted by its high program expense ratio of 96.09%, indicating that a significant portion of its resources is directed towards its programs rather than administrative costs. Additionally, the organization maintains comprehensive policies regarding conflict of interest and whistleblower protections, contributing to its overall governance framework.
However, the organization faces a notable challenge with its liabilities to assets ratio, which stands at 76.34%. This figure suggests potential financial vulnerability that could impact its long-term sustainability. Despite this limitation, Westminster Canterbury Corporation shows a commitment to responsible financial management and transparency, making it a trustworthy choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Westminster Canterbury Corporation legitimate?
Westminster Canterbury Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westminster Canterbury Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $284,268
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,928,153
For more financial information, click here
Official website here: www.wcrichmond.org
What is the mission statement of Westminster Canterbury Corporation?
The Westminster Canterbury Corporation, rooted in its religious affiliations with the Episcopal and Presbyterian Churches, offers various living arrangements for individuals aged 62 and above. These services encompass independent living, memory support, home health and hospice, and assisted living, as well as intermediate and skilled nursing beds. The mission of this charitable organization is to provide compassionate, professional care in a holistic manner, fostering an inspiring environment and dynamic leadership for its residents and employees. Through this approach, Westminster Canterbury aims to enhance the lives of its residents with opportunities for socialization, intellectual stimulation, entertainment, recreation, and spiritual enrichment. The organization's services are registered with the Commonwealth of Virginia's Bureau of Insurance and offers financial aid to those in need. Using a software program called FINAID, financial assistance is determined based on actuarial tables and the financial resources of each prospective resident. On average, the organization assists around 110 residents with financial aid each year.
Official website here: www.wcrichmond.org
Who is the CEO of Westminster Canterbury Corporation?
John Burns is the CEO of Westminster Canterbury Corporation The CEO's salary of Westminster Canterbury Corporation is $0 and their total compensation is $568,855.
Official website here: www.wcrichmond.org
What is the revenue of Westminster Canterbury Corporation?
Westminster Canterbury Corporation's revenue in 2023 was $82,583,765.
Official website here: www.wcrichmond.org
Who are the executives of Westminster Canterbury Corporation and what are their salaries?
The average compensation at Westminster Canterbury Corporation during 2023 was $29,936. There are 742 employees and 220 volunteers at Westminster Canterbury Corporation.
Here are 31 key members and their salaries (Westminster Canterbury Corporation's CEO's salary is $0 and their total compensation is $568,855):
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- Related: $506,159
- Other: $62,696
- Compensation: $0
- Related: $361,591
- Other: $50,012
- Compensation: $245,438
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- Other: $38,830
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- Related: $194,098
- Other: $32,333
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- Related: $88,670
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- Related: $163,493
- Other: $25,881
- Compensation: $0
- Related: $148,487
- Other: $32,120
- Compensation: $140,298
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- Other: $24,763
- Compensation: $175,103
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- Other: $30,995
- Compensation: $168,660
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- Other: $21,938
- Compensation: $0
- Related: $158,983
- Other: $27,482
- Compensation: $146,679
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- Other: $41,436
- Compensation: $0
- Related: $150,632
- Other: $30,341
Official website here: www.wcrichmond.org
Where can I find the form 990 for Westminster Canterbury Corporation?
Westminster Canterbury Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wcrichmond.org
Learn more at the official website: www.wcrichmond.org
Mission Statement of Westminster Canterbury Corporation
Westminster Canterbury Corporation, a ministry of the Episcopal and Presbyterian Churches, is dedicated to providing comprehensive care for individuals aged 62 and older. This faith-based charitable organization offers a range of services, including independent living, memory support, home health and hospice, assisted living, and intermediate and skilled nursing beds. The compassionate, professional team at Westminster Canterbury prioritizes the well-being of its residents and others they serve in a holistic manner.
In a nurturing environment and under dynamic leadership, Westminster Canterbury provides 493 residences for independent living and 252 apartments for those with cognitive decline, assisted living, and intermediate and skilled nursing beds. The organization goes beyond basic care, offering opportunities for socialization, intellectual stimulation, entertainment, recreation, and spiritual enrichment. These services are included under the continuing care contract. Westminster Canterbury's Continuing Care Retirement Community (CCRC) products are registered with the Commonwealth of Virginia, Bureau of Insurance. While extra services such as meals, drugs, beauty shop, and internet access are available for an additional charge, financial aid is extended to those whose financial resources are insufficient to cover entrance fees, monthly fees, or both. On average, Westminster Canterbury assists 110 residents with financial aid each year, demonstrating their commitment to inclusivity and care for all.
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Impact
October, 2024
Westminster Canterbury Corporation significantly enhances the lives of seniors aged 62 and older in Richmond, VA, by offering a comprehensive range of care options tailored to their needs. Their facilities encompass 493 independent living residences, as well as specialized accommodations for memory support, assisted living, and skilled nursing, ensuring that residents have access to the appropriate level of care as their circumstances change.
In addition to physical care, the organization fosters a vibrant community through opportunities for social engagement, intellectual stimulation, and spiritual enrichment, which are vital for the overall well-being of aging individuals. By creating an inspiring environment enriched with diverse activities and services, Westminster Canterbury enhances the quality of life for its residents.
Additionally, Westminster Canterbury recognizes the financial challenges that some seniors face. They provide financial aid based on thorough assessments using actuarial data, ensuring that those with limited resources receive the support they need to access their valuable services. On average, they assist approximately 110 residents annually with financial aid, reflecting their commitment to inclusivity and care for all seniors in their community.
This information is meant to be a general summary of Westminster Canterbury Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $2,223,933
- Program Service Revenue: $74,567,688
- Gross Receipts: $143,079,702
Assets and Liabilities:
- Total Assets: $448,300,698
- Total Liabilities: $342,260,683
- Net Assets: $106,040,015
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$67,700,916
OTHER REVENUE
Revenue
$6,866,772
Organization Details
Founding Year
1975
Principal Officer
W Russell Gardner
Website
www.wcrichmond.orgNTEE Category
Code: P750 - Human services
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