Overview
What is Westminster Canterbury On Chesapeake Bay?
Westminster Canterbury on Chesapeake Bay is a faith-based, non-profit retirement community for individuals aged 62 and above. Located at this community, they offer a range of services to support active retirees. The Westminster-Canterbury Foundation assists in establishing and operating this Life Care community, ensuring that its residents have access to necessary resources and care. Their mission encompasses the operation of retirement communities and associated services.
Official website here: www.wcbay.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 66% - Two-Star out of Four Star Rating
Westminster Canterbury On Chesapeake Bay has received a Two-Star rating from Charity Navigator, primarily due to its Accountability & Finance score of 66%. This rating indicates that while the organization demonstrates strong governance practices, including a fully independent board and adherence to several financial policies, there are notable gaps in its financial transparency, particularly the absence of financial statements on its website.
The organization excels in maintaining an independent board of directors, which reflects strong governance. It has implemented several key policies, such as conflict of interest and whistleblower protections, that contribute positively to its accountability framework. Furthermore, a high program expense ratio of 77.47% indicates that the majority of its funds are spent on programs rather than administrative costs.
However, the significant limitations stem from the lack of financial statements readily available to the public and an unfavorable liabilities to assets ratio of 102.38%. This raises concerns about the organization's financial health and transparency, which can be crucial for potential donors and stakeholders assessing its viability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Westminster Canterbury On Chesapeake Bay legitimate?
Westminster Canterbury On Chesapeake Bay is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westminster Canterbury On Chesapeake Bay 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: $1,323,853
Professional Fundraising Fees: $0
Other Salaries and Wages: $28,973,859
For more financial information, click here
Official website here: www.wcbay.com
What is the mission statement of Westminster Canterbury On Chesapeake Bay?
Westminster Canterbury On Chesapeake Bay is a non-profit organization dedicated to establishing and operating retirement communities for active retirees aged 62 and above. Supported by The Westminster-Canterbury Foundation, this faith-based community aims to provide related services to its residents. The mission of Westminster Canterbury On Chesapeake Bay is to create a vibrant and supportive living environment for those in their golden years, enabling them to enjoy an active and fulfilling retirement. The organization's focus is on ensuring the well-being and comfort of its residents, offering them peace of mind through its Life Care services. The Westminster Canterbury Foundation's assistance also allows the community to provide essential services and resources, fostering a sense of belonging and camaraderie among its members.
Official website here: www.wcbay.com
Who is the CEO of Westminster Canterbury On Chesapeake Bay?
J Benjamin Unkle Jr is the CEO of Westminster Canterbury On Chesapeake Bay The CEO's salary of Westminster Canterbury On Chesapeake Bay is $642,844 and their total compensation is $675,350.
Official website here: www.wcbay.com
What is the revenue of Westminster Canterbury On Chesapeake Bay?
Westminster Canterbury On Chesapeake Bay's revenue in 2023 was $76,280,468.
Official website here: www.wcbay.com
Who are the executives of Westminster Canterbury On Chesapeake Bay and what are their salaries?
The average compensation at Westminster Canterbury On Chesapeake Bay during 2023 was $31,725. There are 955 employees and 110 volunteers at Westminster Canterbury On Chesapeake Bay.
Here are 27 key members and their salaries (Westminster Canterbury On Chesapeake Bay's CEO's salary is $642,844 and their total compensation is $675,350):
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- Compensation: $642,844
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- Other: $32,506
- Compensation: $268,580
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- Other: $16,255
- Compensation: $266,832
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- Other: $24,040
- Compensation: $212,264
- Related: $0
- Other: $31,712
- Compensation: $187,781
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- Other: $18,783
- Compensation: $176,806
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- Other: $17,520
- Compensation: $172,603
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- Other: $2,525
- Compensation: $165,601
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- Other: $12,394
- Compensation: $239,244
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- Other: $10,352
- Compensation: $156,767
- Related: $0
- Other: $10,201
- Compensation: $159,972
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- Other: $15,574
- Compensation: $152,004
- Related: $0
- Other: $25,582
- Compensation: $258,149
- Related: $0
- Other: $22,469
Official website here: www.wcbay.com
Where can I find the form 990 for Westminster Canterbury On Chesapeake Bay?
Westminster Canterbury On Chesapeake Bay's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wcbay.com
Learn more at the official website: www.wcbay.com
Mission Statement of Westminster Canterbury On Chesapeake Bay
Westminster Canterbury On Chesapeake Bay, a non-profit organization, is dedicated to establishing and operating retirement communities for active retirees aged 62 and above. With a faith-based foundation, the community is supported by The Westminster-Canterbury Foundation. In simpler terms, this organization is committed to creating and managing retirement communities, offering related services for individuals in their golden years.
Westminster Canterbury On Chesapeake Bay stands out as a haven for retirees, providing them with an active lifestyle and necessary support. The community is specifically designed for individuals aged sixty-two and above, offering them a place to thrive as they enter this new chapter of their lives. The organization takes pride in its faith-based ethos, which adds a spiritual dimension to the lives of its residents.
Moreover, the Westminster-Canterbury Foundation plays a crucial role in assisting the community, ensuring that it can continually provide the best possible services to its residents. By combining a faith-based mission with a commitment to providing top-notch retirement living, Westminster Canterbury On Chesapeake Bay offers a unique and engaging experience for its residents.
In summary, Westminster Canterbury On Chesapeake Bay is a non-profit organization that focuses on creating and managing retirement communities for active retirees aged 62 and above. With the support of The Westminster-Canterbury Foundation, the community offers its residents a faith-based environment, ensuring that they can enjoy their retirement years in comfort and with a sense of purpose.
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Impact
October, 2024
Westminster Canterbury On Chesapeake Bay significantly enhances the quality of life for active retirees aged 62 and over by providing a comprehensive range of retirement community services. Located in Virginia Beach, this Life Care community promotes an engaging and vibrant lifestyle that supports seniors in maintaining their independence while also offering essential services to address their evolving needs.
The community's faith-based approach fosters a sense of belonging and purpose among its residents, creating a nurturing environment where individuals can thrive socially, physically, and spiritually. With a focus on human services, Westminster Canterbury facilitates a variety of activities and amenities designed to enrich the lives of its residents, including wellness programs, social events, and educational opportunities.
Additionally, by promoting active engagement, the community helps mitigate feelings of isolation often experienced by seniors, ensuring they are connected with peers and supported throughout their retirement journey. This holistic approach not only enhances the individual well-being of residents but also positively influences the overall community by fostering a culture of care and compassion.
This information is meant to be a general summary of Westminster Canterbury On Chesapeake Bay. 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: $1,737,716
- Program Service Revenue: $71,204,842
- Gross Receipts: $76,280,468
Assets and Liabilities:
- Total Assets: $237,063,062
- Total Liabilities: $242,714,258
- Net Assets: -$5,651,196
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT REVENUE
Revenue
$56,338,196
HOME HEALTH & HOSPICE
Revenue
$9,948,189
SENIOR OPTIONS LLC
Revenue
$3,059,196
Organization Details
Founding Year
1976
Principal Officer
J Benjamin Unkle Jr
Website
www.wcbay.comNTEE Category
Code: P750 - Human services
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