Virginia United Methodist Homes Inc

What it reported doing in 2024

Founded in 1947, Virginia united methodist homes, inc. D/b/a pinnacle living provides housing, health services and financial security to its communities in Virginia. The communities of pinnacle living are hermitage richmond, hermitage roanoke, cedarfield, hermitage deep run, and hermitage three chopt. Pinnacle living is the sole member of windsormeade williamsburg and provides certain administrative service to windsormeade on a continual basis. Pinnacle living enriches life journey for residents living in independent living, assisted living, memory support and health care, as well as older persons in the broader community. Pinnacle living serves a wide range of socially and economically diverse residents through a person-centered focus on each individual's physical, emotional, recreational, social and religious needs. With a rich legacy of over seventy-five years, pinnacle living has built a longstanding reputation of providing excellent, compassionate support and services in a faith-based environment. Pinnacle living provides (directly and through third party arrangements) for the health care of residents in household and neighborhood settings with 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 residents of pinnacle living and windsormeade williamsburg who may become unable to pay the full cost of their expenses. Pinnacle living strives to establish, foster, and leverage external relationships through cooperation, coordination, and collaboration that extend the organization's mission into the broader community. Key partners in community engagement and social accountability initiatives include public and private educational institutions, other charitable organizations, hospitals, social service agencies, local governments, and faith-based communities.

Financial Efficiency

• Mission deployment rate: 79.3%; rating input score 79
• Program expense ratio: 87.3%; rating input score 87
• Fundraising efficiency: $7.92 raised per $1 spent on fundraising; rating input score 35; 35th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 6 of 6 controls in place; rating input score 100
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 90%; rating input score 90; 38th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 7%; rating input score 64; 64th percentile among comparable filings
• Total-asset coverage ratio: 3.44; rating input score 79; 79th percentile among comparable filings
• Liabilities to assets ratio: 0.75; rating input score 19; 19th percentile among comparable filings
• Officer compensation ratio: 5.4%; rating input score 14; 14th percentile among comparable filings

Growth

• Program expense growth: 2.7% per year; rating input score 100; 20th percentile among comparable filings
• Revenue growth: 3.4% per year; rating input score 100; 26th percentile among comparable filings
• Asset growth: 4.7% per year; rating input score 100; 34th percentile among comparable filings