Westminster Village Inc
- Assets
- $45.7m
- Revenue
- $23.9m
- Investments
- $5.8m
- Employees
- 211
- Location
- Scottsdale, AZ
- Founding
- 07/1982
- Data as of
- 12/2023
- EIN
- 86-0424020
Organization Overview
Westminster Village Inc is located in Scottsdale, AZ. The organization was established in 1982. 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, Westminster Village Inc employed 211 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westminster Village Inc 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, Westminster Village Inc generated $23.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $23.1m during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 9 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
WESTMINSTER VILLAGE, INC. IS A NOT-FOR-PROFIT, 501(C)(3), LIFE CARE RETIREMENT COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESTMINSTER VILLAGE, INC. IS A LIFECARE RETIREMENT FACILITY CONSISTING OF 250 APARTMENTS FOR INDEPENDENT LIVING AS WELL AS ASSISTANCE WITH ACTIVITIES IN DAILY LIVING FOR SENIOR CITIZENS. 23-ASSISTED LIVING UNITS AND A 60-BED SKILLED NURSING CENTER IS INCLUDED IN THE FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Kredel President | OfficerTrustee | 4 | $0 |
Patrick Murphy Vice President | OfficerTrustee | 1 | $0 |
Jim Mailliard Treasurer | OfficerTrustee | 1 | $0 |
Marilyn Wurzburger Secretary | OfficerTrustee | 1 | $0 |
Eleanor Frederiksen Director | Trustee | 1 | $0 |
Ron Mcelhaney Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sysco Arizona Inc Food Service | 12/30/23 | $500,073 |
Perkins Eastman Architects Pc Consulting | 12/30/23 | $363,599 |
Morrison Management Specialists Food Service | 12/30/23 | $327,050 |
Nurseio Llc Contract Services | 12/30/23 | $185,144 |
Icoreconnect Inc Technology Service | 12/30/23 | $156,947 |
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 | $636,355 |
| Noncash contributions included in lines 1a–1f | $11,845 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $636,355 |
| Total Program Service Revenue | $22,829,309 |
| Investment income | $314,754 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$50,208 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,869,724 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,095 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $814,797 |
| Compensation of current officers, directors, key employees. | $130,746 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,418,124 |
| Pension plan accruals and contributions | $55,744 |
| Other employee benefits | $719,449 |
| Payroll taxes | $694,283 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,061 |
| 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 | $1,390,665 |
| Advertising and promotion | $123,505 |
| Office expenses | $0 |
| Information technology | $222,303 |
| Royalties | $0 |
| Occupancy | $1,121,420 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,744 |
| Interest | $823,732 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,085,596 |
| Insurance | $936,828 |
| All other expenses | $178,233 |
| Total functional expenses | $23,081,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,234,773 |
| Savings and temporary cash investments | $11,232,511 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,160,790 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $149,024 |
| Inventories for sale or use | $171,651 |
| Prepaid expenses and deferred charges | $171,698 |
| Net Land, buildings, and equipment | $23,075,079 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,760,414 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $697,777 |
| Total assets | $45,653,717 |
| Accounts payable and accrued expenses | $1,503,337 |
| Grants payable | $0 |
| Deferred revenue | $34,267,043 |
| Tax-exempt bond liabilities | $20,113,996 |
| 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 | $1,858,897 |
| Total liabilities | $57,743,273 |
| Net assets without donor restrictions | -$13,500,017 |
| Net assets with donor restrictions | $1,410,461 |
| 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 | $45,653,717 |