2025-08-28T16:27:35-05:00 2024-09-30 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2023-10-01 541327568 THE BALLENTINE HOME CORPORATION BALL 7574961778 3100 SHORE DRIVE VIRGINIA BEACH VA 23451 DAVID B MYERS CFO 7574961778 2025-08-25 1 0 KATHERINE A WARLICK P02065266 7049985200 2025-08-25 2023 2025-03-06 01:10:19Z X THE BALLENTINE HOME CORPORATION J BENJAMIN UNKLE JR 3100 SHORE DRIVE VIRGINIA BEACH VA 23451 226797 0 X WWW.WCBAY.COM X 1985 VA TO SUPPORT THE MISSION OF WESTMINSTER CANTERBURY ON CHESAPEAKE BAY. 5 5 0 5 0 0 0 0 466138 181295 55737 45502 0 0 521875 226797 0 0 0 0 96464 47752 0 0 0 533060 1339265 629524 1387017 -107649 -1160220 10010589 9403821 1533563 2087015 8477026 7316806 TO PROVIDE FOR THE SPIRITUAL, EMOTIONAL AND PHYSICAL WELL-BEING OF OLDER ADULTS 0 0 1250296 181295 SUPPORT OF THE SERVICES PROVIDED TO OLDER ADULTS BY WESTMINSTER CANTERBURY ON CHESAPEAKE BAY. 1250296 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X DAVID B MYERS - CFO 7574961778 3100 SHORE DRIVE VIRGINIA BEACH VA 23451 ALVIN A WALL CHAIR 1.00 1.00 X X 0 0 0 LISA B SMITH SECRETARY/TREASURER 1.00 2.00 X X 0 0 0 RICHARD C BURROUGHS TRUSTEE 1.00 2.00 X 0 0 0 JOHN D CAVENAGH TRUSTEE 1.00 2.00 X 0 0 0 CHARLES D ROBISON III TRUSTEE 1.00 2.00 X 0 0 0 J BENJAMIN UNKLE JR PRESIDENT/CEO 1.00 39.00 X 0 1128462 34269 DAVID B MYERS CFO/ASST TREASURER 1.00 39.00 X 0 263350 20342 0 1391812 54611 0 0 1 0 0 RESIDENT REVENUE 623000 181295 181295 181295 45502 45502 226797 181295 0 45502 44485 44485 3267 3267 65450 65450 58809 58809 10669 10669 1793 1793 1944 1944 OTHER LOSSES - INVENTOR 576852 576852 BAD DEBT - A/R WRITE OF 481487 481487 BIRDSONG TABLET EXPENSE 129308 129308 OTHER EXPENSES 12953 12953 1387017 1250296 136721 0 255842 330848 9298696 9034138 1562 1562 37273 0 34943 37273 419546 10010589 9403821 1533563 2087015 1533563 2087015 X 8477026 7316806 8477026 7316806 10010589 9403821 -1160220 0 X 0 1 X 1 0 X X 1 WESTMINSTER CANTERBURY ON CHESAPEAKE BAY 541071734 10 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 2750451 667057 3417508 2520473 229978 2750451 3185535 -665062 2520473 2763373 422162 3185535 2595611 167762 2763373 0.09056 0.66517 0.24427 0 1 1 37273 37273 37273 X PART V, LINE 4: TO SUPPORT THE MISSION OF WESTMINSTER CANTERBURY ON CHESAPEAKE BAY. PART X, LINE 2: BALLENTINE HOME CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). BALLENTINE FILES AS A TAX-EXEMPT ORGANIZATION. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THE TAX-EXEMPT STATUS OF BALLENTINE. MANAGEMENT IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES FOR BALLENTINE. BALLENTINE HAS ADOPTED GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE IMPLEMENTATION HAS HAD NO IMPACT ON BALLENTINE'S FINANCIAL STATEMENTS. 0 1 0 0 1 0 1 0 0 J BENJAMIN UNKLE JR PRESIDENT/CEO 0 424166 0 637210 0 67086 0 11717 0 22552 0 1162731 0 0 DAVID B MYERS CFO/ASST TREASURER 0 239460 0 23128 0 762 0 9578 0 10764 0 283692 0 0 PART I, LINE 1B APPROVED EXPENSE REPORT ALONG WITH SUPPORTING RECEIPTS MUST BE SUBMITTED PRIOR TO REIMBURSEMENT. PART I, LINE 3 THE POLICY OF THE ORGANIZATION IS TO SET COMPENSATION AT MARKET PAY FOR ALL EMPLOYEES WHO ARE FULLY COMPETENT IN THEIR POSITIONS. MARKET PAY IS DETERMINED BY INDEPENDENT, OUTSIDE EXPERTS. ADDITIONALLY, A SUBSTANTIAL PORTION OF THE PRESIDENT AND CEO'S COMPENSATION IS AT-RISK PAY LINKED TO SPECIFIC GOALS AND RESULTS. ADDITIONALLY, THE BOARD PROVIDES A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) FOR THE CEO CONTINGENT IN PART UPON LONGEVITY OF EMPLOYMENT TO ENCOURAGE RETENTION. TO DETERMINE COMPENSATION FOR THE PRESIDENT AND CEO, THE BOARD'S EXECUTIVE COMMITTEE, ACTING AS A PERSONNEL COMMITTEE, ENGAGES AN INDEPENDENT CONSULTANT WHO SPECIALIZES IN EXECUTIVE COMPENSATION. THE INDEPENDENT CONSULTANT PROVIDES THE EXECUTIVE COMMITTEE COMPENSATION DATA REPRESENTING COMPARABLE POSITIONS IN ORGANIZATIONS OF SIMILAR INDUSTRIES WITH SIMILAR REVENUE AND BUDGET SIZE. THE EXECUTIVE COMMITTEE USES THIS INFORMATION AND THE RECOMMENDATIONS OF THE INDEPENDENT CONSULTANT AS THE BASIS FOR SETTING COMPENSATION. PART I, LINE 4B INCLUDED IN THE COMPENSATION OF J. BENJAMIN UNKLE, JR. IS $68,170 FROM A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). FOR DETAILS OF HOW THE ORGANIZATION SETS COMPENSATION, PLEASE SEE THE DESCRIPTION IN THE NOTE FOR PART I, LINE 3. PART I, LINE 6 SOME OF THE MANAGEMENT STAFF'S COMPENSATION IS AT-RISK PAY DRIVEN BY A BALANCED SCORECARD TO INCLUDE FINANCIAL PERFORMANCE, QUALITY METRICS, AND SATISFACTION OF CONSTITUENTS SERVED IN ACHIEVING OUR MISSION. PART II, LINE 1, COLUMN B(II) DURING THE REPORTING YEAR, THE CEO'S COMPENSATION EXCEEDED PRIOR YEARS DUE TO THE VESTING OF A RETENTION BONUS. THIS BONUS WAS STRATEGICALLY IMPLEMENTED TO SAFEGUARD THE ORGANIZATION DURING A CRITICAL PHASE OF EXPANSION, WHICH INVOLVED OVER $400 MILLION IN BORROWING AND INVESTMENT. GIVEN THE CEO'S EXTENSIVE EXPERIENCE LEADING LARGE, MULTI-CAMPUS SENIOR LIVING OPERATIONS AND THE INTEREST EXPRESSED BY OTHER ORGANIZATIONS IN RECRUITING FOR SIMILAR ROLES, RETAINING THIS LEADERSHIP WAS CONSIDERED ESSENTIAL TO ENSURING THE SUCCESS OF THE ORGANIZATION'S GROWTH INITIATIVES. THE RETENTION BONUS DETAILS WERE EVALUATED FOR MARKET COMPETITIVENESS IN ACCORDANCE WITH THE COMPENSATION REVIEW POLICY AND RECEIVED BOARD APPROVAL. FORM 990 AMENDED RETURN EXPLANATION THE RETURN HAS BEEN AMENDED TO UPDATE SCHEDULE J, PART III TO REFLECT TERMS RELATED TO A RETENTION BONUS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND A COPY OF THE RETURN, SUBSEQUENT TO THAT REVIEW, IS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C INDIVIDUALS WHO SERVE ON THE BOARD OF TRUSTEES ARE ASKED TO READ OUR CONFLICT OF INTEREST POLICY AND COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. IF ANY POTENTIAL CONFLICTS ARE DISCLOSED IN THE ANNUAL QUESTIONNAIRE, THE SITUATION IS REVIEWED WITH THE PRESIDENT AND THE CHAIR OF THE BOARD. IF NECESSARY, BOARD MEMBERS RECUSE THEMSELVES FROM VOTING IF THERE IS A POSSIBILITY OF A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE POLICY OF THE ORGANIZATION IS TO SET COMPENSATION AT MARKET PAY FOR ALL EMPLOYEES WHO ARE FULLY COMPETENT IN THEIR POSITIONS. MARKET PAY IS DETERMINED BY INDEPENDENT, OUTSIDE EXPERTS. ADDITIONALLY, A SUBSTANTIAL PORTION OF THE PRESIDENT AND CEO'S COMPENSATION IS AT-RISK PAY LINKED TO SPECIFIC GOALS AND RESULTS. ADDITIONALLY, THE BOARD PROVIDES A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) FOR THE CEO TO ENCOURAGE RETENTION. TO DETERMINE COMPENSATION FOR THE PRESIDENT AND CEO, THE BOARD'S EXECUTIVE COMMITTEE, ACTING AS A PERSONNEL COMMITTEE, ENGAGES AN INDEPENDENT CONSULTANT WHO SPECIALIZES IN EXECUTIVE COMPENSATION. THE INDEPENDENT CONSULTANT PROVIDES THE EXECUTIVE COMMITTEE COMPENSATION DATA REPRESENTING COMPARABLE POSITIONS IN ORGANIZATIONS OF SIMILAR INDUSTRIES WITH SIMILAR REVENUE AND BUDGET SIZE. THE EXECUTIVE COMMITTEE USES THIS INFORMATION AND THE RECOMMENDATIONS OF THE INDEPENDENT CONSULTANT SERVE AS A BASIS FOR SETTING COMPENSATION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND WITHIN THE COMMUNITY'S LIBRARY. WESTMINSTER-CANTERBURY ON CHESAPEAKE BAY FOUNDATION 3100 SHORE DRIVE VIRGINIA BEACH VA 23451 541666603 SUPPORT THE MISSION OF WESTMINSTER-CANTERBURY ON CHESAPEAKE BAY. VA 501(C)(3) 509(A)(3) WCCB 0 WESTMINSTER-CANTERBURY ON CHESAPEAKE BAY 3100 SHORE DRIVE VIRGINIA BEACH VA 23451 541071734 SERVICES TO OLDER ADULTS VA 501(C)(3) 509(A)(2) N/A 0 SENIOR OPTIONS COMMUNITY 3100 SHORE DRIVE VIRGINIA BEACH VA 23451 873737198 SUPPORT THE MISSION OF WESTMINSTER-CANTERBURY ON CHESAPEAKE BAY. VA 501(C)(3) 509(A)(2) WCCB 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0