2025-08-06T14:19:36+00:00 2024-09-30 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2023-10-01 541185224 Founders Forest Inc FOUN 5405529176 2607 Warm Hearth Drive 100 Blacksburg VA 24060 MOLLY J NEVITT CFO 2025-08-06 true Amy Bibby P00445891 8282542254 2025-07-23 2023 2025-03-06 01:10:19Z WILLIAM LESTER 2607 Warm Hearth Drive 100 Blacksburg VA 24060 1858978 false X WWW.RETIRE.ORG X 1981 VA Housing for elderly. 17 17 0 0 0 0 0 0 1626759 1789740 21376 30689 2646 38549 1650781 1858978 0 0 0 0 0 0 0 0 0 1522290 1571745 1522290 1571745 128491 287233 12083239 12281652 9570360 9481540 2512879 2800112 Housing for elderly. false false 1132225 1789740 The Corporation provides housing facilities and services specially designed to meet the needs of elderly persons. The Corporation provides housing and services to approximately 100 persons. 1132225 false false false false false false false false false true false false true true false false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false true 5 0 true 0 false false false false false false false false false false X 17 17 false false false false false false false true true false false false true true true true true false false false VA X Molly J Nevitt 5404433403 2607 Warm Hearth Drive STE 100 Blackburg VA 24060 Allan Bookout Vice Chairman / Treasurer 0.5 3.5 X X 0 0 0 Ed Spencer Chair 0.5 3.5 X X 0 0 0 Hing-Har Lo Secretary 0.5 3.5 X X 0 0 0 William Price Vice Chairman 0.5 3.5 X X 0 0 0 Bridget McMahon Director 0.5 3.5 X 0 0 0 Charles Johnson Director 0.5 3.5 X 0 0 0 Heather Ducote Director 0.5 3.5 X 0 0 0 Jason Pospichal Director 0.5 3.5 X 0 0 0 Karen Hanks Director 0.5 4.0 X 0 0 0 Katherine Allen Director 0.5 3.5 X 0 0 0 Meg Stone Director 0.5 3.5 X 0 0 0 Mike Spears Director 0.5 4.0 X 0 0 0 Pamela Teaster Director 0.5 3.5 X 0 0 0 Richard Shepherd Director 0.5 3.5 X 0 0 0 Savanna Dyer Director 0.5 3.5 X 0 0 0 Thomas Pierce Director 0.5 4.0 X 0 0 0 Tommy McDearis Director 0.5 3.5 X 0 0 0 Molly Nevitt CFO 0.5 39.5 X 0 148246 3923 William Lester President and CEO 0.5 39.5 X 0 185761 5248 Alison Trigg Showalter Admin 0.5 39.5 X 0 105534 499 Kevin Sands RN Director 0.5 39.5 X 0 106749 3140 Shaunna Andrews Director of Nursing 0.5 39.5 X 0 103685 2061 Tambra Dixon VP of Philanthropy 0.5 39.5 X 0 120181 3317 Walter Williams Director of Network Services 0.5 39.5 X 0 107463 3292 0 877619 21480 0 false true false Rocking K Construction LLC - Jason N Kitts 2845 Catawba Rd Blacksburg VA 24060 Construction 246329 1 0 TOWNHOME SERVICE FEE 623000 904305 904305 LIFE LEASE FEES 623000 765255 765255 Cable TV, Internet, Phone Revenue 623000 120180 120180 0 0 0 0 1789740 30689 30689 0 0 0 0 38549 0 0 38549 38549 1858978 1789740 0 69238 1392 1392 21032 21032 41841 28382 13459 0 16974 16974 63147 3430 59717 33323 12623 20700 94017 87525 6492 4786 3740 1046 2497 2497 580598 580598 41267 41267 shared services 567363 271736 295627 Taxes and licenses 49978 49394 584 Food 42871 42871 Supplies 6749 6749 3910 3910 0 0 1571745 1132225 439520 0 2016572 2366932 2212 0 0 0 0 12402807 7352724 5226586 5050083 0 0 4837869 4864637 12083239 12281652 209514 143296 4057804 3979916 0 5303042 5358328 9570360 9481540 X 2512879 2800112 2512879 2800112 12083239 12281652 287233 0 X X false true X true false 318264 318264 10668656 6491241 4177415 629987 383310 246677 785900 478173 307727 5050083 Due from affiliates 4313293 Replacement Reserves 544237 right of use asset 7107 4864637 Purchase Options (Deposits) 453000 Refundable Life-Lease Fees 4898221 due to affiliates lease liability 7107 5358328 false false false false false false true false false William Lester President and CEO 0 171746 0 14015 0 0 0 5248 0 0 0 191009 0 0 Molly Nevitt CFO 0 129726 0 18520 0 0 0 3923 0 0 0 152169 0 0 Schedule J, Part I, Line 6b Compensation contingent on net earnings of a related organization There is a tiered bonus pool for the CEO based on the net earnings of all 9 organizations. It is paid through Warm Hearth, Inc. Form 990, Part VI, Line 15 Warm Hearth, a related organization, compensates the organization's officers and employees. A committee of the Board of Directors is appointed to review the compensation levels of officers and key employees and for establishing the new pay rates of these employees. Compensation is compared with salary survey information available from National Trade Association engaged in similar activities. The compensation level is determined by consensus of the committee and reported to human resources. Form 990, Part VI, Line 11b Review of form 990 by governing body A copy of the return is provided to the finance committee of the Board of Directors prior to filing. The finance committee discusses the 990 at their regularly scheduled meeting in May of each year. The finance committee is responsible for receiving the audit reports of the independent auditor and reviewing the Form 990 prepared by the independent accountants. The finance committee reports back to the Board of Directors any recommendations or findings of their study. Form 990, Part VI, Line 12c Conflict of interest policy The employee handbook has a statement of the code of conduct and the conflict of interests policy. The board member orientation materials include this information as well. The employees are asked to review this policy as a part of their annual performance review and board members are requested to update their commitment to this policy upon re-election to a new term. Form 990, Part VI, Line 19 Required documents available to the public Form 990 is available upon request. The governing documents, financial statements, and conflict of interest policy is not available for public inspection. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue miscellaneous - Total Revenue: 38549, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 38549; Form 990, Part XII, Line 2c Change of oversight process or selection process the process has not changed from the prior year. Warm Hearth Inc 2607 Warm Hearth Drive Suite 100 Blacksburg VA 24060 237378013 Housing VA 501(c)(3) 10 NA false NRV Nursing Center 2607 Warm Hearth Drive Suite 100 Blacksburg VA 24060 311583073 Health Care VA 501(c)(3) 10 NA false Showalter Memorial Health Center 2607 Warm Hearth Drive Suite 100 Blacksburg VA 24060 541185223 Housing VA 501(c)(3) 10 NA false Trolinger House Inc 2607 Warm Hearth Drive Suite 100 Blacksburg VA 24060 521224684 Housing VA 501(c)(3) 10 NA false New River House Inc 2607 Warm Hearth Drive Suite 100 Blacksburg VA 24060 521257779 Housing VA 501(c)(3) 10 NA false New Century Housing Inc 2607 Warm Hearth Drive Suite 100 Blacksburg VA 24060 311788636 Housing VA 501(c)(4) NA false Warm Hearth at Home 2607 Warm Hearth Drive Suite 100 Blacksburg VA 24060 464213353 Home Care VA 501(c)(3) 10 NA false Warm Hearth Foundation 2607 Warm Hearth Drive Suite 100 Blacksburg VA 24060 541639629 Support VA 501(c)(3) Type I NA false false false false true false false false false false false true false false false true true false false false