Village At Woods Edge
- Assets
- $19.2m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 116
- Location
- Franklin, VA
- Founding
- 10/1988
- Data as of
- 12/2023
- EIN
- 54-1454861
Organization Overview
Village At Woods Edge is located in Franklin, VA. The organization was established in 1988. 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 12/2023, Village At Woods Edge employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village At Woods Edge is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Village At Woods Edge generated $6.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $7.4m during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 5 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
RESIDENTIAL SERVICES & CARE FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHED STATEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billie Turner Exec Dir | OfficerTrustee | 40 | $124,720 |
Meghan Councill Director | Trustee | 1 | $0 |
Will Holt Director | Trustee | 1 | $0 |
Cindy Hunting Director | Trustee | 1 | $0 |
E Warren Beale Jr Vice Chair | Trustee | 1 | $0 |
Anne Pittman Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Star Security And Investigations Security | 12/30/19 | $127,185 |
Southern Charm Garden Center | 12/30/19 | $112,127 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $319,237 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $319,237 |
| Total Program Service Revenue | $5,609,438 |
| Investment income | $226,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$43,301 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,926,460 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $124,720 |
| Compensation of current officers, directors, key employees. | $124,720 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,259,096 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $262,190 |
| Payroll taxes | $177,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,859 |
| Fees for services: Accounting | $52,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $273,475 |
| Office expenses | $76,593 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,197,192 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,801 |
| Interest | $143,442 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $901,683 |
| Insurance | $0 |
| All other expenses | $92,557 |
| Total functional expenses | $7,368,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,349,904 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $216,937 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,012 |
| Prepaid expenses and deferred charges | $76,535 |
| Net Land, buildings, and equipment | $12,051,489 |
| Investments—publicly traded securities | $5,391,297 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,492 |
| Total assets | $19,170,666 |
| Accounts payable and accrued expenses | $371,392 |
| Grants payable | $0 |
| Deferred revenue | $1,467,673 |
| 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 | $4,558,509 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,275,470 |
| Total liabilities | $15,673,044 |
| Net assets without donor restrictions | $3,477,622 |
| Net assets with donor restrictions | $20,000 |
| 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 | $19,170,666 |