WESTMINSTER VILLAGE NORTH INC

EIN: 311209757 501(c)(3)

INDIANAPOLIS, IN

Total Revenue
$32,165,510
Total Expenses
$32,664,639
Total Assets
$69,713,208
Net Assets
$12,002,893
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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
IN
Principal Officer
SHELLEY RAUCH
Phone
3178236841
Tax Period
2023-10-01 to 2024-09-30

WESTMINSTER VILLAGE NORTH INC, founded in 1972, is a mid-sized nonprofit that reported $32.2M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

WESTMINSTER VILLAGE NORTH, A NONPROFIT CONTINUING CARE COMMUNITY, IS COMMITTED TO EXCELLENCE IN RESIDENTIAL AND HEALTH CARE SERVICES FOR SENIOR ADULTS IN A SECURE HOME ENVIRONMENT THAT ENHANCES THEIR MENTAL, PHYSICAL AND SPIRITUAL WELL-BEING.

Program Service Accomplishments

Program 1
Expenses: $29,718,641 Revenue: $31,586,432

TO PROVIDE HOUSING, HEALTHCARE, AND FINANCIAL SECURITY PURSUANT TO REV. RUL. 72-124 SATISFYING THE THREE SPECIAL NEEDS OF THE ELDERLY.HOUSING:THE VILLAGE PROVIDES RESIDENTIAL FACILITIES THAT ARE...

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TO PROVIDE HOUSING, HEALTHCARE, AND FINANCIAL SECURITY PURSUANT TO REV. RUL. 72-124 SATISFYING THE THREE SPECIAL NEEDS OF THE ELDERLY.HOUSING:THE VILLAGE PROVIDES RESIDENTIAL FACILITIES THAT ARE SPECIFICALLY DESIGNED TO MEET THE NEEDS OF SENIOR ADULTS; CONSTRUCTED WITH FIRE-RESISTANT MATERIAL; BATHROOMS EQUIPPED WITH GRAB-BARS; EQUIPPED WITH RAMPS AND ELEVATORS FOR WHEELCHAIR USE; CARPETED CORRIDORS AND HANDRAILS; MAINTENANCE-FREE LIVING; ON-SITE COMMERCIAL SERVICES (STORE & BEAUTY SALON); CHAPEL; EMERGENCY CALL SYSTEM.

Program 2

FINANCIAL SECURITY:WESTMINSTER VILLAGE PROVIDES CONTINUING CARE TO THE VILLAGE RESIDENTS REGARDLESS OF THEIR ABILITY TO PAY. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION...

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FINANCIAL SECURITY:WESTMINSTER VILLAGE PROVIDES CONTINUING CARE TO THE VILLAGE RESIDENTS REGARDLESS OF THEIR ABILITY TO PAY. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF THE FACILITY, NOT ALL RESIDENTS POSSESS THE NECESSARY FINANCIAL RESOURCES TO MAINTAIN THEIR LIVING EXPENSES.DURING THE CURRENT FISCAL YEAR $268,867 OF CHARITY CARE WAS PROVIDED WITH $55,291 TO MEDICAID CO-INSURANCE LOSSES AND $213,576 RELATED TO DIRECT CHARITY CARE WRITE OFFS. THE VILLAGE PROVIDES CHARITY CARE TO THOSE RESIDENTS WHO HAVE EXHAUSTED THEIR RESOURCES.

Program 3

HEALTHCARE:THE VILLAGE PROVIDES FOR THE PHYSICAL AND MENTAL WELL-BEING OF OUR RESIDENTS; HEALTH CENTER ON PREMISES; SKILLED & INTERMEDIATE NURSING CARE WITH 24-HOUR PROFESSIONAL STAFFING; SCHEDULED...

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HEALTHCARE:THE VILLAGE PROVIDES FOR THE PHYSICAL AND MENTAL WELL-BEING OF OUR RESIDENTS; HEALTH CENTER ON PREMISES; SKILLED & INTERMEDIATE NURSING CARE WITH 24-HOUR PROFESSIONAL STAFFING; SCHEDULED PHYSICIAN OUTPATIENT SERVICES; SCHEDULED SPEECH, OCCUPATIONAL, AND PHYSICAL THERAPY; PRESCRIPTION SERVICES; EXERCISE CLASSES AND A WIDE RANGE OF SOCIAL AND RECREATIONAL ACTIVITIES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $18,107
Program Service Revenue $31,538,432
Investment Income $527,691
Other Revenue $81,280
TOTAL REVENUE $32,165,510

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,721,326
Fundraising Expenses $0
Program Expenses $29,718,641
Other Expenses $16,943,313
TOTAL EXPENSES $32,664,639

Year-over-Year Comparison

2023 2022 Change
Revenue $32,165,510 $27,320,419 +0.2%
Expenses $32,664,639 $28,309,624 +0.2%
Net Income $-499,129 $-989,205 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
16
Independent Members
14
Employees
546
Volunteers
14

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$1,023,435
Total Directors
16
$1,023,435
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANE A RICHARDSON CHAIRPERSON 6.00
Officer Director
$0 $0 $0
JEFFREY A TERP VICE CHAIRPERSON 4.00
Officer Director
$0 $0 $0
WENDY L MEREDITH SECRETARY 4.00
Officer Director
$0 $0 $0
DOUG B DALTON DIRECTOR 4.00
Director
$0 $0 $0
JOHN BLOOMSTROM DIRECTOR 4.00
Director
$0 $0 $0
BETH KOSELKE DIRECTOR 4.00
Director
$0 $0 $0
JEFFREY CALDWELL DIRECTOR 4.00
Director
$0 $0 $0
DEXTER H COOLEY DIRECTOR 4.00
Director
$0 $0 $0
BRIAN ELLIS DIRECTOR 4.00
Director
$0 $0 $0
L DEAN JONES DIRECTOR 4.00
Director
$0 $0 $0
BETH KELLY DIRECTOR 4.00
Director
$0 $0 $0
ROGER D MILLER DIRECTOR 4.00
Director
$0 $0 $0
FRED ROBBINS DIRECTOR 4.00
Director
$0 $0 $0
JANE A SEIGEL DIRECTOR 4.00
Director
$0 $0 $0
JOHN S DATTILO DIRECTOR/CEO BHI 4.00
Officer Director
$0 $60,337 $577,306
ROGER E WEIDEMAN II DIRECTOR/CFO BHI 4.00
Officer Director
$0 $54,040 $446,129
SHELLY RAUCH CEO/EXECUTIVE DIRECTOR 40.00
Highest
$311,965 $42,816 $354,781
CHARLES GASKINS CFO 40.00
Highest
$206,027 $42,883 $248,910
JAQUELINE DAVIDSON DIRECTOR OF NURSING 40.00
Highest
$155,750 $14,767 $170,517
SHANNON HARRIS HC ADMINISTRATOR 40.00
Highest
$145,403 $11,434 $156,837
CHARLES DARKO NURSE MANAGER 40.00
Highest
$118,187 $27,602 $145,789
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2024 $32,165,510 $32,664,639 $69,713,208 $-499,129
2023 $27,320,419 $28,309,624 $63,079,083 $-989,205
2022 $26,056,917 $27,570,978 $65,188,710 $-1,514,061
2021 $24,703,425 $25,848,704 $65,231,339 $-1,145,279
2020 $25,507,379 $26,300,872 $69,566,280 $-793,493
2019 $25,559,220 $25,665,282 $70,540,429 $-106,062
2018 $22,176,992 $24,452,619 $72,482,915 $-2,275,627
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