Overview
What is Westminster-Canterbury Of Lynchburg Inc?
Westminster-Canterbury of Lynchburg Inc is a nonprofit organization based in Lynchburg, Virginia. They are dedicated to operating a continuing care retirement community, guided by Christian ideals, promoting independence and dignity. The community provides quality housing, healthcare, and security to residents through approximately 398 units across independent living, assisted living, and a health center. As of September 30, 2022, about 96.2% of the independent living units were occupied. Their mission is to operate a not-for-profit community that ensures residents receive essential services, housing, and a variety of activities in a fiscally responsible manner. They employ a workforce of 541 individuals.
Official website here: www.wclynchburg.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Westminster-Canterbury of Lynchburg Inc has achieved an 85% score on Charity Navigator, which indicates a strong performance in accountability and finance. The organization is particularly commended for having a fully independent board and comprehensive financial oversight, which enhances its credibility and trustworthiness.
The charity's strengths include a high program expense ratio of 96.21%, demonstrating that the vast majority of its resources are allocated directly to its programs and services. Additionally, the organization has robust policies in place, including conflict of interest and whistleblower policies, as well as effective document management practices, all of which are crucial for operational transparency.
However, the organization has some limitations, particularly reflected in the liabilities to assets ratio of 92.38%, which may indicate a significant level of debt relative to its assets. While the high percentage of independent board members and strong financial management practices are positive, potential donors may want to consider the implications of the financial leverage before making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Westminster-Canterbury Of Lynchburg Inc legitimate?
Westminster-Canterbury Of Lynchburg Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westminster-Canterbury Of Lynchburg Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,751,235
For more financial information, click here
Official website here: www.wclynchburg.org
What is the mission statement of Westminster-Canterbury Of Lynchburg Inc?
Westminster-Canterbury of Lynchburg Inc is a not-for-profit continuing care retirement community, grounded in Christian values. Its mission is to promote independence and dignity among its residents by offering quality housing, healthcare, and security in a fiscally responsible manner. The community, which had 398 units across independent living, assisted living, and the health center as of September 30, 2022, is committed to providing a program of services encompassing housing, healthcare, and security, along with a range of activities and services for its residents.
Official website here: www.wclynchburg.org
Who is the CEO of Westminster-Canterbury Of Lynchburg Inc?
Paul Shelton is the Trustee of Westminster-Canterbury Of Lynchburg Inc. The CEO's salary of Westminster-Canterbury Of Lynchburg Inc is $333,866 and their total compensation is $355,231.
Official website here: www.wclynchburg.org
What is the revenue of Westminster-Canterbury Of Lynchburg Inc?
Westminster-Canterbury Of Lynchburg Inc's revenue in 2022 was $31,495,344.
Official website here: www.wclynchburg.org
Who are the executives of Westminster-Canterbury Of Lynchburg Inc and what are their salaries?
The average compensation at Westminster-Canterbury Of Lynchburg Inc during 2022 was $27,267. There are 541 employees and 134 volunteers at Westminster-Canterbury Of Lynchburg Inc.
Here are 24 key members and their salaries (Westminster-Canterbury Of Lynchburg Inc's CEO's salary is $333,866 and their total compensation is $355,231):
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- Compensation: $333,866
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- Other: $21,365
- Compensation: $192,761
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- Compensation: $194,607
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- Compensation: $120,113
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- Compensation: $119,582
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- Other: $6,715
Official website here: www.wclynchburg.org
Where can I find the form 990 for Westminster-Canterbury Of Lynchburg Inc?
Westminster-Canterbury Of Lynchburg Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wclynchburg.org
Learn more at the official website: www.wclynchburg.org
Mission Statement of Westminster-Canterbury Of Lynchburg Inc
Westminster-Canterbury Of Lynchburg, a not-for-profit organization, is dedicated to operating a continuing care retirement community, guided by Christian ideals. This mission promotes independence and dignity for its residents, ensuring they receive quality housing, healthcare, and security in a fiscally responsible manner. The community, designed to provide a range of services, includes independent living, assisted living, and a health center, with approximately 96.2% of the independent living units occupied as of September 30, 2022. Westminster-Canterbury Of Lynchburg is committed to a program of services that goes beyond the basics, offering residents not only housing and healthcare, but also security and a variety of activities and services. The organization's Christian ideals serve as the foundation for its operations, fostering an environment where residents can live with peace of mind, knowing they are part of a caring community. Westminster-Canterbury Of Lynchburg's mission is to provide its residents with a sense of security and independence, ensuring their golden years are spent in a caring and supportive environment. The organization's commitment to its residents is reflected in its operations, offering quality housing, healthcare, and security, all while promoting a sense of community and dignity.
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Impact
October, 2024
Westminster-Canterbury of Lynchburg Inc significantly impacts the lives of its residents by providing a nurturing, comprehensive environment that emphasizes independence, dignity, and security. By operating a continuing care retirement community, it ensures that older adults have access to quality housing, healthcare, and various amenities, all grounded in Christian ideals.
The community consists of 398 units across independent living, assisted living, and healthcare services, maintaining high occupancy rates, which underscores the demand for its offerings. Residents benefit not only from a safe living environment but also from a wide array of activities and support services that enhance their quality of life.
Additionally, Westminster-Canterbury emphasizes fiscal responsibility, ensuring that residents receive exceptional care and housing without compromising financial sustainability. This holistic approach fosters a sense of community and belonging, profoundly impacting the lives of the individuals it serves and their families.
This information is meant to be a general summary of Westminster-Canterbury Of Lynchburg Inc. 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 2022.
- Investment Income: $525,358
- Program Service Revenue: $30,418,188
- Gross Receipts: $31,495,344
Assets and Liabilities:
- Total Assets: $137,296,151
- Total Liabilities: $126,839,969
- Net Assets: $10,456,182
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL SVCS
Revenue
$16,158,880
HEALTH CARE SVCS
Revenue
$8,851,424
ASSISTED LIVING & MEMORY SUPPORT
Revenue
$2,605,702
COMMUNITY SVCS
Revenue
$2,289,944
Organization Details
Founding Year
1975
Phone
(434) 386-3533Principal Officer
Paul Shelton
Main Address
501 VES ROAD, LYNCHBURG, VA, 24503
Website
www.wclynchburg.orgNTEE Category
Code: P750 - Human services
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