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: Verified by RoundPaper

FY 2023

Verified NonprofitLast Filed 2023EIN 23-7162493

Westminster Canterbury Corporation

RICHMOND, VANTEE: P750Founded 1975Website

mission statement

As a ministry of the episcopal and presbyterian churches, westminster canterbury provides an insurance product offering independent living; memory support; home health and hospice; assisted living; and intermediate and skilled nursing beds, all for persons ages 62 and older. Financial aid is available to those whose financial resources are not sufficient to cover entrance fee, monthly fee or both.

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Total Revenue

$92.4M

FY 2023

Program Spending

94.2%

of total expenses

Known Funders

2019–2024 filings

Key Metrics (FY 2023)

The Numbers

$592.3M

Total Assets

$171.7M net

28.11 mo

Operating Reserves

FY 2023

+12%

Revenue Growth

YoY

766

Total Employees

FY 2023

Funding Track Record

Backed by 13 Institutional Funders

$14.1M raised across 39 grants · +$300K committed (2019–2024 filings)

Funder Geography

Funders across 3 states (2019–2024 filings)

Institutional Funding by Year

PaidCommittedBoth

Funder	Location	Total Awarded
Westminster Canterbury Foundation	RICHMOND, VA	$13,109,680
Hamilton M Baskerville Trust Ua	JACKSONVILLE, FL	$435,955
The Mary Morton Parsons Foundation	RICHMOND, VA	$300,000 +$300,000 committed
Fenton F Finch Charitable Trust 34-055006363352	JACKSONVILLE, FL	$182,077
National Philanthropic Trust	JENKINTOWN, PA	$100,940
Carolyn and John Snow Foundation	RICHMOND, VA	$6,000
Carneal Drew Foundation	RICHMOND, VA	$4,500
The Owen Family Foundation	RICHMOND, VA	$4,000
Carter Craft Foundation	FOREST, VA	$3,500
Stern Foundation	MECHANICSVILLE, VA	$1,000

Total tracked: $14,149,437 across 39 grants · +$300,000 committed across 1 commitment (2019–2024 filings)

Totals reflect grants as reported on funder tax returns. Timing may not match recipient revenue: funder and recipient fiscal years often differ, and grants paid by a funder in one year may be recognized by the recipient in a different year.

Programs (FY 2023)

What They Do

$69.1M in expenses

As a ministry of the episcopal and presbyterian churches, westminster-canterbury provides 522 residences for independent living; 72 apartments for those with cognitive decline, 65 apartments for assisted living; and 158 intermediate and skilled nursing beds, all for persons aged 62 and older. In addition, westminster-canterbury provides residents with the opportunities for socialization, intellectual stimulation, entertainment, recreation, physical care and spiritual enrichment. Specified services are provided under the continuing care contract (residence and care agreement). Westminster-canterbury's CCRC products are registered with the commonwealth of virginia, bureau of insurance. Other services and facilities made available are for an extra charge i.e. Meals purchased individually or as part of an option plan, drugs, beauty shop, internet etc. Financial aid is available to those whose financial resources are not sufficient to cover entrance fee, monthly fee or both. All financial information provided by the prospective residents is analyzed using a software program called finaid. This program uses actuarial tables to project how much, if any, financial assistance may be needed by each prospective resident. On average westminster-canterbury assists 86 residents with financial aid during the year.

Financial History