Ingleside

What it reported doing in 2024

Westminster presbyterian retirement community, inc. (westminster at lake ridge, also known as wlr) is one of three ingleside premier retirement communities. As a not-for-profit life plan community, westminster's governance and management are dedicated to meeting the evolving needs of older adults through a comprehensive continuum of care that includes independent living, memory care, assisted living, skilled nursing, and rehabilitation services.westminster offers a wide range of facilities and services, including residential and professional health care, tailored to meet the physical, social, emotional, spiritual, and economic needs of seniors.located on more than 62 acres in lake ridge, northern Virginia, wlr consists of 235 apartments and cottages, 40 assisted living studio apartments, and 60 skilled nursing units. The community's health care services focus on maximizing independence and overall resident well-being. Westminster also provides chaplaincy, social services counseling, and support groups for residents, families, and staff. By partnering with volunteers and outside vendors, westminster at lake ridge strives to ensure resident satisfaction and high quality of life. Broad-based programs across all levels of care promote resident participation and engagement. The community encourages independence and individuality while fostering communication, respect, and a strong sense of community.westminster is governed by a volunteer, community-based board of directors. Residents are encouraged to volunteer both within the community and in the broader region. Wlr maintains an active resident association that sponsors various resident-led committees to enhance the quality of life. Family and friends also volunteer at wlr, offering companionship and meaningful engagement for residents and staff. Many participate in local volunteer efforts such as mentoring students at rockledge elementary school or serving in local food pantries. Additionally, residents have created a scholarship fund for employees pursuing higher education or u.s. Citizenship.the westminster ingleside foundation provides a supportive network for residents who, through no fault of their own, have outlived their financial resources. The foundation raises charitable contributions to support these residents and enhance the overall quality of life by building an endowment for the future.westminster at lake ridge is committed to providing the resources necessary for all residents to lead integrated, engaged lives with access to evolving levels of care. The community delivers person-directed care and a high standard of engaged senior living.

Financial Efficiency

• Mission deployment rate: 87.3%; rating input score 87
• Program expense ratio: 85.3%; rating input score 85
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -5%; rating input score 16; 16th percentile among comparable filings
• Total-asset coverage ratio: 2.48; rating input score 69; 69th percentile among comparable filings
• Liabilities to assets ratio: 1.43; rating input score 2; 2nd percentile among comparable filings
• Officer compensation ratio: 3.4%; rating input score 65; 65th percentile among comparable filings

Growth

• Program expense growth: 3.7% per year; rating input score 100; 31st percentile among comparable filings
• Revenue growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings
• Asset growth: 5.3% per year; rating input score 100; 37th percentile among comparable filings