Virginia United Methodist Homes of Williamsburg Inc

What it reported doing in 2024

Windsormeade williamsburg has been providing housing, health services and financial security to residents at its life plan community in williamsburg, va since 2007. Windsormeade williamsburg was established as a cooperative effort with Virginia united methodist homes, inc., doing business as pinnacle living, a related tax-exempt organization which was founded in 1947. Pinnacle living operates four life plan communities in Virginia and two assisted living communities. In addition to windsormeade williamsburg, the communities of pinnacle living are hermitage richmond, hermitage roanoke, cedarfield, hermitage deep run, and hermitage three chopt. Together with its affiliated organization, pinnacle living, windsormeade williamsburg 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 and windsormeade williamsburg have built a longstanding reputation of providing excellent, compassionate support and services in a faith-based environment. Windsormeade williamsburg 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. Windsormeade williamsburg 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, windsormeade williamsburg participates in the samaritan program for benevolent care established by pinnacle living. 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. Windsormeade williamsburg 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: 84.4%; rating input score 84
• Program expense ratio: 87.5%; rating input score 87
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 75%; rating input score 75; 14th 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: 0.9%; rating input score 37; 37th percentile among comparable filings
• Total-asset coverage ratio: 4.08; rating input score 81; 81st percentile among comparable filings
• Liabilities to assets ratio: 1.27; rating input score 3; 3rd percentile among comparable filings
• Officer compensation ratio: 4.1%; rating input score 59; 59th percentile among comparable filings

Growth

• Program expense growth: 4.9% per year; rating input score 100; 41st percentile among comparable filings
• Revenue growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings
• Asset growth: -1.2% per year; rating input score 0; 7th percentile among comparable filings