Residents Association Of Westminister Canterbury In Va Bch
- Assets
- $70.3k
- Revenue
- $496.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 04/1988
- Data as of
- 09/2023
- EIN
- 54-1429184
Organization Overview
Residents Association Of Westminister Canterbury In Va Bch is located in Virginia Beach, VA. The organization was established in 1988. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Residents Association Of Westminister Canterbury In VA Bch is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2023, Residents Association Of Westminister Canterbury In VA Bch generated $496.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $522.3k during the year ending 09/2023. While expenses have increased by 11.4% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE RESIDENT'S ASSOCIATION 0F WESTMINSTER CANTERBURY REPRESENTS 685 RESIDENTS OF WESTMINSTER CANTERBURY ON CHESAPEAKE BAY, A CONTINUING CARE COMMUNITY/LIFE CARE COMMUNITY IN VIRGINIA BEACH, VA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS IS A GRANT TO THE ASSOCIATION'S HOLIDAY FUND FOR STAFF AND CAREGIVERS , FUNDED ENTIRELY BUT GIFT CONTRIBUTIONS FROM RESIDENTS, PATIENTS AND FRIENDS. GRANTS CONSIST OF FUNDS DISTRIBUTED IN AMOUNTS RANGING FROM $50 TO $1183. TO 443 INDIVIDUALS.
OTHER EXPENSES SUCH AS BANK FEES, AND AND WELCOME COMMITTEE FEES NOT YET INCLUDED.
THESE ARE PROCEEDS FROM THE SALE OF DECORATIVE ARTS MADE BY RESIDENT VOLUNTEERS PLUS REVENUE FROM SALE OF CLOTHING, FURNITURE AND FIXTURES DONATED OR BEQUEATHED BY RESIDENTS. 171.189 WAS DONATED TO THE WESTMINSTER CANTERBURY ON CHESAPEAKE BAY FOUNDATION.
THESE FUNDS ARE PROCEEDS COLLECTED FROM IN-HOUSE GAMES FOR RESIDENTS AND ARE IN TENDED FOR FUTURE DISTRIBUTION TO THE WESTMINSTER CANTERBURY FOUNDATION FOR USE AS DESCRIBED IN 4B ABOVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joann Hunter President | Officer | 20 | $0 |
Richard Keever Vice President | Officer | 15 | $0 |
Elizabeth Cake Secretary | Officer | 15 | $0 |
Charles Culpepper Treasurer | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $312,516 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $312,516 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $6,554 |
| Net Income from Sales of Inventory | $174,718 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $496,171 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $170,189 |
| Grants and other assistance to domestic individuals. | $339,439 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $1,481 |
| Office expenses | $1,847 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $522,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,262 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $70,262 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $70,262 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $70,262 |