Virginia United Methodist Homes Inc
- Assets
- $270.0m
- Revenue
- $68.3m
- Investments
- $0.0
- Employees
- 1,055
- Location
- Glen Allen, VA
- Founding
- 12/1953
- Data as of
- 05/2020
- EIN
- 54-0720603
Organization Overview
Virginia United Methodist Homes Inc, operating under the name Pinnacle Living, is located in Glen Allen, VA. The organization was established in 1953. 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 05/2020, Pinnacle Living employed 1,055 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 05/2020, Pinnacle Living generated $68.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $63.0m during the year ending 05/2020. While expenses have increased by 1.5% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ENRICHING LIFE'S JOURNEY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PINNACLE LIVING PROVIDES HOUSING, HEALTH SERVICES AND FINANCIAL SECURITY TO RESIDENTS AT ITS FOUR LIFE PLAN COMMUNITIES IN VIRGINIA. PINNACLE LIVING IS ALSO THE SOLE MEMBER OF VIRGINIA UNITED METHODIST HOMES OF WILLIAMSBURG, INC. DOING BUSINESS AS WINDSORMEADE WILLIAMSBURG, WHICH OWNS AND OPERATES A LIFE PLAN COMMUNITY IN WILLIAMSBURG, VIRGINIA. PINNACLE LIVING PROVIDES FOR THE PHYSICAL, EMOTIONAL, RECREATIONAL, SOCIAL AND RELIGIOUS NEEDS OF RESIDENTS. TOGETHER WITH ITS RELATED ORGANIZATION, WINDSORMEADE WILLIAMSBURG, PINNACLE LIVING IS A SYSTEM OF COMMUNITIES SERVING A WIDE RANGE OF SOCIALLY AND ECONOMICALLY DIVERSE RESIDENTS. PINNACLE LIVING AND WINDSORMEADE WILLIAMSBURG HAVE A LONGSTANDING REPUTATION OF PROVIDING EXCELLENT, COMPASSIONATE SERVICES IN A CHRISTIAN ENVIRONMENT. PINNACLE LIVING PROVIDES (DIRECTLY AND THROUGH THIRD PARTY ARRANGEMENTS) FOR THE HEALTH CARE OF RESIDENTS, IN HOUSEHOLD AND NEIGHBORHOOD SETTINGS WITH SKILLED NURSING SERVICES, ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, MEMORY SUPPORT, PHYSICAL THERAPY AND RELATED HEALTH SERVICES. PINNACLE LIVING IS COMMITTED TO PROVIDING FOR THE FINANCIAL SECURITY OF ITS RESIDENTS IN COMPLIANCE WITH THE STANDARDS APPLICABLE TO A PUBLIC CHARITY. CONSISTENT WITH THIS COMMITMENT, PINNACLE LIVING ESTABLISHED ITS SAMARITAN PROGRAM FOR BENEVOLENT CARE. THROUGH THE SAMARITAN PROGRAM, FUNDS ARE SOLICITED BY VARIOUS MEANS, INCLUDING DIRECT SOLICITATION OF MEMBERS OF THE UNITED METHODIST CHURCH, ON BEHALF OF THE PINNACLE LIVING AND WINDSORMEADE WILLIAMSBURG RESIDENTS WHO MAY BECOME UNABLE TO PAY A PORTION OR ALL THEIR EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher P Henderson President/ceo | OfficerTrustee | 25 | $518,519 |
Daniel C Oetzel Chief Operating Officer | Officer | 40 | $299,051 |
Michael Shaw Executive Director | Officer | 40 | $238,754 |
Kevin L Salminen Chief Financial Officer | Officer | 40 | $230,693 |
Richard D Bottone VP Of Mission Implementation | Officer | 40 | $191,571 |
Daniel Nimon Strategic Growth And New Business Development | Officer | 40 | $188,232 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Management | 5/30/20 | $1,105,742 |
Sfcs Inc Architectural | 5/30/20 | $633,217 |
Juan Matus Painting & Wall Covering | 5/30/20 | $328,380 |
Green Dreams Lawn Care Lawn Care | 5/30/20 | $355,396 |
Sycom Technologies Llc It Security | 5/30/20 | $341,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,265,520 |
| Investment income | $2,324,326 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,855,563 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,274,041 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $412,224 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,012,255 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,930,517 |
| Pension plan accruals and contributions | $1,324,920 |
| Other employee benefits | $2,652,389 |
| Payroll taxes | $2,059,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $537,430 |
| Fees for services: Accounting | $111,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,637,439 |
| Advertising and promotion | $714,811 |
| Office expenses | $707,201 |
| Information technology | $1,210,151 |
| Royalties | $0 |
| Occupancy | $3,215,391 |
| Travel | $128,791 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $121,498 |
| Interest | $2,350,911 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,910,537 |
| Insurance | $1,055,095 |
| All other expenses | $0 |
| Total functional expenses | $63,020,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,173,032 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $620,105 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $208,806 |
| Investments—publicly traded securities | $103,388,581 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,938,345 |
| Total assets | $269,986,507 |
| Accounts payable and accrued expenses | $12,394,919 |
| Grants payable | $0 |
| Deferred revenue | $71,135,355 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,591,865 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $117,241,765 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $525,329 |
| Total liabilities | $202,889,233 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $67,097,274 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Virginia United Methodist Homes Inc has recieved totaling $10,849.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Mr & Mrs J C Buddy Hawkins Memorial Fund Las Vegas, NV PURPOSE: GENERAL PURPOSE | $824 |
Schumann Foundation Midlothian, VA PURPOSE: PROVIDE FUNDS TO ENABLE ORGANIZATION TO PROVIDE SERVICES TO SENIOR CITIZENS. | $25 |
Endowment Analysis
| Beg. Balance | $3,463,960 |
| Earnings | $770,268 |
| Net Contributions | $2,254,130 |
| Other Expense | $412,224 |
| Ending Balance | $6,076,134 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greenspring Village Inc Springfield, VA | $569,090,728 | $93,929,946 |
Oak Crest Village Inc Parkville, MD | $424,538,804 | $92,752,531 |
Ashby Ponds Inc Ashburn, VA | $762,046,134 | $88,246,844 |
Goodwin House Incorporated Alexandria, VA | $424,363,325 | $93,583,962 |
Sentara Life Care Corporation Norfolk, VA | $44,157,960 | $76,095,498 |
Westminster-Canterbury Corporation Richmond, VA | $317,540,772 | $75,738,304 |
Virginia United Methodist Homes Inc Glen Allen, VA | $269,986,507 | $68,274,041 |
Westminster-Canterbury On Chesapeake Bay Virginia Beach, VA | $181,465,545 | $62,696,283 |
Givens Estates Inc Asheville, NC | $262,529,502 | $64,590,409 |
Masonic Homes Of Kentucky Inc Masonic Home, KY | $97,554,611 | $38,116,040 |
United Church Homes And Services Newton, NC | $147,957,912 | $48,870,902 |
Aldersgate United Methodist Retirement Community Inc Charlotte, NC | $178,019,173 | $39,654,647 |