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Nonprofiteer
← HERMITAGE CAPITAL & RESERVE CORPORATION

Form 990 for tax year 2023

Filed by HERMITAGE CAPITAL & RESERVE CORPORATION.

Totals

Total revenue
$583,581
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$583,581
Other revenue
$0
Total assets, end of year
$45,028,524
Total liabilities, end of year
$2,383,790
Net assets or fund balances, end of year
$42,644,734
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $1,266,311 · excluded $1,266,311

  • 7b · Less cost or other basis and sales expenses

    securities $682,730

  • 7c · Gain or loss

    securities -$682,730

  • 7d · Net gain or loss

    total -$682,730 · excluded -$682,730

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $657,259 · end of year $251,115

  • 4 · Accounts receivable

    beginning of year $325,000 · end of year $223,688

  • 10a · Land, buildings and equipment: cost or other basis

    $145,692

  • 10c · Land, buildings and equipment, net

    beginning of year $145,692 · end of year $145,692

  • 11 · Investments: publicly traded securities

    beginning of year $28,678,523 · end of year $44,408,029

  • 15 · Other assets

    beginning of year $356,418 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $473,190

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,383,790

  • 27 · Net assets without donor restrictions

    beginning of year $29,689,702 · end of year $42,644,734

Mission and programs · 2023

Mission

SUPPORTING PINNACLE LIVING AND WINDSORMEADE WILLIAMSBURG IN THEIR MISSION OF ENRICHING LIFE'S JOURNEY BY PROVIDING HOUSING, HEALTH CARE, FINANCIAL SECURITY AND RELATED SERVICES FOR SENIORS.

Activities or mission (Part I)

PROVIDE SUPPORT TO PINNACLE LIVING AND WINDSORMEADE WILLIAMSBURG.

  • HERMITAGE CAPITAL AND RESERVE CORPORATION IS A 509(A)(3) SUPPORTING ORGANIZATION ESTABLISHED APRIL 23, 2013, TO ACCEPT, RECEIVE, MANAGE AND DISTRIBUTE REAL AND PERSONAL PROPERTY TO ASSIST IN THE ACCOMPLISHMENT OF THE PURPOSES OF (I) VIRGINIA UNITED METHODIST HOMES, INC. DOING BUSINESS AS PINNACLE LIVING, A VIRGINIA NON-STOCK CORPORATION, PUBLIC CHARITY AND NON-PRIVATE FOUNDATION UNDER SECTIONS 501(C)(3) AND 509(A) OF THE INTERNAL REVENUE CODE, AND (II) VIRGINIA UNITED METHODIST HOMES OF WILLIAMSBURG, INC. DOING BUSINESS AS WINDSORMEADE WILLIAMSBURG, A PUBLIC CHARITY AND NON-PRIVATE FOUNDATION UNDER SECTIONS 501(C)(3) AND 509(A) OF THE INTERNAL REVENUE CODE. PINNACLE LIVING'S PURPOSE IS ENRICHING LIFE'S JOURNEY FOR RESIDENTS LIVING IN INDEPENDENT LIVING, ASSISTED LIVING, MEMORY SUPPORT AND HEALTH CARE IN THE PINNACLE LIVING COMMUNITIES OF CEDARFIELD, HERMITAGE RICHMOND, HERMITAGE ROANOKE, AND WINDSORMEADE WILLIAMSBURG, AS WELL AS OLDER PERSONS IN THE BROADER COMMUNITY. WORKING WITH THE SUPPORT OF THE HERMITAGE CAPITAL AND RESERVE CORPORATION, PINNACLE LIVING SERVES A WIDE RANGE OF SOCIALLY AND ECONOMICALLY DIVERSE RESIDENTS THROUGH A PERSON-CENTERED FOCUS ON EACH INDIVIDUAL'S PHYSICAL, EMOTIONAL, RECREATIONAL, SOCIAL AND RELIGIOUS NEEDS. WITH A RICH LEGACY OF OVER SEVENTY-FIVE YEARS, PINNACLE LIVING HAS BUILT A LONGSTANDING REPUTATION OF PROVIDING EXCELLENT, COMPASSIONATE SUPPORT AND SERVICES IN A FAITH-BASED ENVIRONMENT. PINNACLE LIVING PROVIDES (DIRECTLY AND THROUGH THIRD PARTY ARRANGEMENTS) FOR THE HEALTH CARE OF RESIDENTS IN HOUSEHOLD AND NEIGHBORHOOD SETTINGS WITH NURSING SERVICES, ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, MEMORY SUPPORT, PHYSICAL THERAPY AND RELATED HEALTH SERVICES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christopher P Henderson

    PRESIDENT

    Total calculated
    $773,528
    From this org
    $0
    From related orgs
    $702,336
    Other
    $71,192
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $511,009 related
    Bonus
    $0 + $188,334 related
    Other
    $0 + $2,993 related
    Deferred
    $0 + $52,500 related
    Nontaxable benefits
    $0 + $18,692 related
    Filer's total
    $0 + $773,528 related

  • William H Peterson

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Shirley M Cauffman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas R Harrison Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 December 2024
IRS schema version
2023v5.1
Source object
202413529349301111

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