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Cover Covenant Woods Annual Report 2007-2009 Mission & Values I n 2008, Covenant Woods celebrated 125 years of service to our community. Reflecting on the past brought into focus the organi- zation’s unique history of service and commitment to mission. During those 125 years, over $50 million in need-based financial aid to residents has allowed many lives to be enriched, first in down- town Richmond at the Richmond Home for Ladies, and today in Hanover County. Throughout its 125-year history, fulfilling the benevolent vision of our Methodist and Presbyterian founders has J. Edward Marshburn been the guiding force. It continues to be so today. Chairman Board of Directors 2008-2009 The mission of Covenant Woods is to provide our residents with exceptional care, quality of life, security and comfort, in keeping with the benevolent vision established in 1883 by our Methodist and Presbyterian founders. Exceptional care, quality of life, security and comfort look quite a bit Mission Values different today than they did when those goals were first established It is the mission of Covenant Woods, a not- Wholeness of Life ~ Covenant Woods recog- in 1883. Today’s residents enjoy a rugged nature trail, a walking path for-profit Continuing Care Retirement Com- nizes the life and inherent worth of each munity, to provide our residents with excep- person and helps each individual to experi- around a lovely fishing pond, grounds for gardening and a regula- Timothy A. Johnson tional care, quality of life, and security and ence dignity and the greatest level of his or tion bocce ball court on their 70-acre campus. Security is a personal President and comfort in keeping with the benevolent vision her emotional, mental, physical, spiritual and response system and secured doors with automatic lock systems, as Chief Executive Officer of our Methodist and Presbyterian founders. vocational ability. well as the knowledge that should their financial resources be depleted We will accomplish our mission by: Equality ~ Covenant Woods recognizes the equality of all persons in its offering of services through no fault of their own, residents will always have a home at • Adhering to organizational values, and opportunities for serving and strives to Covenant Woods. Comfort is wonderful friends, exciting and enrich- • Understanding the needs of aging adults, develop and balance societal resources to ing programs, great food in delightful dining venues, and knowledge • Providing opportunities for people to live accomplish this value. their lives to the fullest possible extent, that health care is here if needed. Quality of Service ~ Covenant Woods seeks to • Delivering health care and other services in deliver services of the highest quality possible From a humble beginning designed to meet the needs of a few a caring, effective and cost efficient manner, by demonstrating competence, continuous widows of the Civil War, to an accredited continuing care retirement • Striving for high quality and continuous improvement, innovation and creativity. community, the ability to change with the times has been critical. James C. Lester improvement in service delivery by our staff Integrity ~ Covenant Woods values and dem- Chairman and volunteers, and Covenant Woods will continue to grow and adapt to the needs of Board of Directors onstrates honesty, integrity, fairness and trust- 2007-2008 • Assuring our commitment to provide for worthiness in all of its relationships. those we serve. The wonderful residents, dedicated Board of Direc- the people we serve. Stewardship of Resources – Covenant Woods tors, knowledgeable leadership group, and caring staff will continue to exercises stewardship of its financial resources, enable Covenant Woods to pursue its 125-year tradition of providing benevolent funds, and physical assets, assuring our commitment to provide for present and exceptional quality of life for seniors. future residents. Covenant Woods Annual Report 2009 1 The Heart of Covenant Woods The Heart of Covenant Woods Generosity of Giving Honor Roll of Contributors April 1 2006–March 30, 2009 From our origins as the historic Richmond Gwyndolyn Keil Helen H. Watson tHe CoVenant SoCiety Doris J. Kelley Frederick E. and Helen Weisensale Home for Ladies to our expansion into a James C. and Faye Lester A. Melton and Jackie Williams 70-acre, fully accredited continuing care retire- The following donors have Lena S. Love generously included Covenant ment community (CCRC) in the beautiful Betty Loving front PorCH SoCiety Woods in their wills, trusts ($100-$499) rolling hills of Hanover County, Covenant Ruth Lucero or other planned gifts and in Aim Premium Finance Vivian A. and Kathryn Parks Woods has relied on the support of its many so doing, have helped ensure Dr. and Mrs. Forrest Pitts John and Helen Anton benefactors. Their generosity has helped us to the continuance of a 125-year James and Peggie Atkins Third Presbyterian Church tradition of outstanding achieve our vision for growth in senior care service to seniors. O. Randolph Rollins Anne T. Baird and services. A. Edwards Schlieser Ann Banks Mrs. Margaret Barlow Robert and Janet Sommerville Janell I. Barre Ms. Jean Brehmer St. Giles Presbyterian Church Caleb and Kathryn Batten the Covenant Society Mrs. Betsy S. Cartwright SuperValu Grace Battle Established in 2003, the Covenant Society Mrs. Janie Harrington The Trust Company of Virginia Beulah Methodist Church recognizes those donors whose planned gifts Mrs. Carolyn Huntley Betsy Waring Joseph and Sidney Black Mrs. Janet Kinker Coleman Wortham, III James H. Boice, Jr. are helping to guarantee that Covenant Woods’ Mr. and Mrs. Moreland Jean A. Brehmer accredited care and services continue for future Irby, Jr. HanoVer SoCiety ($500-$999) Linda Shields Brockwell generations. Mrs. Eunice Kay Bank of America Foundation Dr. Francis Brooke, III Mrs. Virginia Lemon Carlene and Tom Bass Frances Browning Patrick and Terry Brady Suzanne Bunting the alex armour Covenant fund Mrs. Roy Miller Central United Methodist Church Mr. Roy Moon Shirley C. Campbell Donations to this invaluable fund support Wilma Clare Phillip M Card Mr. and Mrs. William the Covenant Program, established to assist tribute Gifts Robert Vial Claude B. and Lois Daniel Betsy Cartwright residents – both current and prospective – Dominion Foundation Centenary United Methodist Church Many donors choose to honor or remember George R. and Jean T. Gifford who find themselves in financial need through Centenary United Methodist Church a loved one or friend through an honorary or Beryl Haeseker Women Bradford CirCle ($5,000+) no fault of their own. Over the years, it has memorial gift to Covenant Woods. We work Bessie W. Bowman William C. Hall, Jr. Richard P. and Gayle Class provided support for such items as entrance with contributors to personally acknowledge Henry Pollard Cobb Doris Holden W. Calvin Coghill Dixon Hughes fees and monthly expenses and ensures that each tribute. Ballard Crooker Gabie Crutchfield Anne G. Downing Robert O. Johnson Dr. and Mrs. R. Cushing no resident must ever leave Covenant Woods Ruth M. Langdon Virginia C. Hughes William D. Cushnie for monetary reasons. Corporate Matching Gifts William F. and Frances LaVecchia Nancy S. Lickey Elizabeth Davis Individuals who work for, or are retired from, Dr. and Mrs. James L. Mays Beverly Lordi Mary Davis the annual Campaign J. Edward and Sandy Marshburn a matching gift company can double their Cameron C. Pitts Frankie Dillard Jacob W. Mast, Jr. Dynamic Mobile Imaging Critical to the sustainment and growth of the support of Covenant Woods by utilizing their David O. and Marjorie Rose Hiroko McCaul Stanley and Emily Elmore Covenant Fund, gifts to the Annual Campaign company’s nonprofit matching gift program. Jimmy Mills William and Jeanne Engleby Stuart aVenue SoCiety touch the entire community, strengthening Covenant Woods recognizes both the donor ($1,000-$4,999) Jack and Jo Mitchell Bishop and Mrs. R. Kern Eutsler our services and quality of care, and providing William L. Motley Bruce C. Fisher and the corporation for their support. Dr. and Mrs. Franklyn Ashby, Hr. Olsen Associates, Inc support for unexpected resident needs. Margaret H. Barlow James and Maxine Fitzgerald BB&T Crestwood Presbyterian Church Dr. and Mrs. Harry Fore naming opportunities Fairfield Presbyterian Church Charlotte H. Forrester Anna Marie Blatt the J. edwin Givens fund From a lovely bench to a meeting room, named Overbrook Presbyterian Church FutureLaw, L.L.C. Harriet S. Brockenbrough Covenant Woods believes that its employees spaces are chosen by donors as the highest Drs. Edwin and Patricia Brown Women Hilton and Erline Goodwyn are essential to the quality of care equation. The Community Foundation River Road Presbyterian Church Garth E. and Julia Griffith form of compliment to friends and loved ones. Women The J. Edwin Givens Fund was named for a Covenant Woods Guild Burt and Lynn Hall Such tributes are growing across the Covenant Davenport & Company Tuckahoe Presbyterian Church Thomas and Betty Harris highly respected long-time board member. Woods campus. James Elliott River Road United Methodist Women Mary Hetzel Gifts to this fund provide continuing Mary Vaughan Francis Robert B. and Harriett Scott John D. Hill Charles and Leslie Shimer Robert and Angela Hill education scholarships to deserving staff. For more information on making a planned gift J. Edwin Givens Mr. and Mrs. Oliver L. Hitch Jean Sommerville Alfred and Marilyn Hinzmann or supporting the Covenant Woods community Moreland and Lila Irby William Stearns Mark Hudson in any of these ways, please call the Development William S. and Donna Jackson Donald R. and Jan Tindall Carolyn Jane Huntley Trinity United Methodist Church Virginia Walker Jarvis Office at 804-569-8004. We would be pleased to William S. and Ann Nell Jackson Trinity Church – United Methodist Timothy A. Johnson (continued) assist you. Women 2 Covenant Woods Annual Report 2009 Covenant Woods Annual Report 2009 3 Honor roll of Contributors continued Front Porch Society, continued Betty D. Sweeney Patsy L. Corker Melvin and Donna Lanning Jim Thomson In Memory of Dorothy Burcham Peyton G. Jefferson, Jr. Joseph and Margaret Tate Goldie Craig Mary Loretta Lattis Elizabeth and Donnie Thurston Covenant Woods Guild Walter E. Jefferson Elizabeth Taylor Bob and Kay Creasy Marjorie Lautzenheiser Dr. and Mrs. J. P. Todd Mary Hetzel Sue Johnson Katherine and Walter Thompson Creighton Homemakers Club Lee Artists Association Jack and Jeanne Todd In Memory of Sally Childress Edward and Judy C. Johnston, Jr. Martha S. Thornhill June Crenshaw Virginia L. Lemon William R. and Winnie Vial Covenant Woods Guild Tom and Dorothy Jones Stewart and Catherine Trainham Katherine Crouch C. P. and Florence Lewis Virginia Angler’s Club Lena S. Love Anne Kay Lois S. Tyree Kenneth E. Dabney Eileen Mabe Rose Wachter Mary P. Ryan Eunice B. Kay United Methodist Women of Reveille Teresa W. Darden Robert and Cheryl Mainwaring Paul Wagner Natalie Kent United Methodist Church Richmond Grace Davis Shannon Marling Judy Waldron In Memory of Garland Childress Crystal E. King District Anne Denny Erik Mauritsen Mary Hoge Wall Covenant Woods Guild Janet H. Kinker Elizabeth D. Wagner Carolyn F. Dicken Donald C. McIver Ruth Wallace Virginia C. Hughes The Kopelove Family George and Mary Wagner Judith Dicken Gail McKinley James L. and Jane Waller Tom and Dorothy Jones John D. Lambert John and Carolyn Wake Betty Ann Dillon Thomas and Suzanne Meade Vernon and Wanda Walton Gwyndolyn Keil Mary B. Lancaster Jerry and Mary Walker William F. Dillon, Jr. Gordon and Carolyn Meador Christopher Webb Lena S. Love May Lee Robert Wallace Ruth Dismore Gregory Melton Elmer and Betty West Roy A. Moon Olive Litwinowicz Mary T. Waller Kathryn Dunham Robert M. Miller Westhampton United Methodist Hardy A. and Verner S. Nance Kate Marshburn Thelma Bland Watson James A. and Audrey Duval Doris Mintz Church Vivian A. and Kathryn Parks Elizabeth Mathews Stanford and Martie Wells Alma Eells Camille Moore Westhampton United Methodist Malcolm O. and Sarah Perkins Doris McCalla Ellis and Phyllis West Emily and Rick Endert Frances E. Morgan Women Mary P. Ryan Richard and Mary McDaniel Marilyn West Ruth Erickson Bill and Carol Morling Jean C. White Elizabeth Taylor Anna Messick Warwick and Alyce West Norman and Nancy Evans Marion B. Morton Wilmuth T. White In Memory of Emily Claytor William Mohr Robert and Marianne Whistler David and Sabrina Falls Wilma B. Mull Ruthann Wichelman Covenant Woods Guild Roy A. Moon Porter White Charles and Phyllis Farnsworth Arthur Nunnally Faye Williams Virginia C. Hughes H. Stephen Moore, Jr. Eugene L. Williams Ruth B. Finke Howard and Kimberly Overby Gerald and Virginia Wilson Lena S. Love Mary Moore Terrell Williams James B. and Joyce Fleet William and Louisa Painter David Winecoff In Memory of Ballard Crooker Sue F. Munro Grace E. Wood John R. Foster, Jr. Louise Parker Jean Winfield Virginia C. Hughes James R. Musgrave Richard L. and Evelyn Wright Nora Foster Jean Pauli Patty Withrow Hardy A. and Verner S. Nance Mary Lou Wright Helen Gales Mildred G. Peay Phyllis Wooden In Memory of William (Bill) Crouch Anne B. Nock John C. Wycoff Jr. Jack and Carol Galvin Lorraine Pecsok E. C. C. Woods, Jr. Margaret H. Barlow Jeanne Nolley Helen K. Yates Doris L. Goodrich Richard E. Powers Anne Boney Jean O’Grady Allen C. Young Essie B. Gordon Ginter Park Presbyterian Church triBute GiftS Alma Eells Elizabeth and Kirk Pace Albert Guyton Women Covenant Woods Guild In Memory of Janell Barre James B. and Joyce Fleet James A. Payne friendS Elmore and Mary Ann Hall Westminster Presbyterian Church Virginia C. Hughes Thomas Peatross (up to $100) Jean S. Hamlett Women Virginia C. Hughes Tom and Dorothy Jones Tom and Dorothy Jones Malcom O. and Sarah Perkins Mary Jo and Rod Allen Don Hanby Iva Maye Purdy Gwyndolyn Keil Kevin and Angie Phelon Michael J. Anastasio Thomas R. and Joyce Handy Sarah E. Rattey Moreland and Lila Irby Lena S. Love Olive Litwinowicz Christine Phillips Mary Armstrong Sarah Harbison James and Betty Rice Roy A. Moon Conrad and Barbara Poniatowski Dave and Barbara Augustson John C. Harden John and Joanne Rilling Lena S. Love Elizabeth Taylor Doris McCalla A. V. Powell & Associates Nancy Augustson Frank D. Hargrove, Jr. Gary Rittereiser Bon Air Presbyterian Church Brad and Linda Baker Oriana Hargrove Julee Roerty In Memory of Emily Boice Roy A. Moon Crestwood Presbyterian Church Raymond Baldacci Brenda D. Harris K. A. Rohaly Covenant Woods Guild Hardy A. and Verner S. Nance Women Keith Barker Lawrence and Patricia Hasty Thomas J. Row Patsy L. Corker Richard E. Powers Presbyterian Women of the Second Pamela Bartle Mr. and Mrs. Thomas Haynie John A. and Elizabeth L. Rupp Essie B. Gordon David and Marjorie Rose Presbyterian Church Julia Baxter Charles R. Hayward Mary P. Ryan Sue Ann Holloway Novelene Shroyer Third Presbyterian Church Women Martha Benko David N. and Danette Hodges James and Harriet Schnell Carolyn Jane Huntley James Stewart Bobbie Michelle Previs Archibald Benson Sue Ann Holloway Frances Schools William S. and Ann Nell Jackson In Memory of Walter Crutchfield Anne and Gordon Price Bethany Bible Class Audrey Hoover Patricia Rose Schwartz Lena S. Love Gabie Crutchfield R. Robert Rasmussen, II Bethel Baptist Church Henry and Christiana Horenstein Rev. and Mrs. Steve Scott Roy A. Moon Anne B. Nock In Memory of Corinne Daniel Beth and Roger Richardson UMW Beulah Methodist Church Lynn Hughes Ray Shepherd Covenant Woods Guild Tina J. Richardson Frances L. Blankenbaker Jack R. Hunter William F. Shewey Betty D. Sweeney Stewart and Catherine Trainham Gwyndolyn Keil Harold and Dawn Rohrs Donald J. Bloomquist Mattie H. Jenkins Martha Singdahlsen Malcolm O. and Sarah Perkins Peter Schatzki Anne Boney William and Jerolene Jennings Charles L. Smith, Jr. In Memory of Dodie Branner Jean and James Schmidt Erin Brown David and Janis Johnson Covenant Woods Guild In Memory of Howard Davis Madeline Snead Novelene Shroyer Dorothy Bullock Clinton Jones Jr. Carolyn Jane Huntley Elizabeth Davis Kaitlyn Sorensen Charles A. Skinner Dorothy E. Burcham Christie and Dick Jones Bev Lordi Grace Davis Jackie Spiers Nancy Smart Thomas S. Butler Jeffrey Jones Virginia C. Hughes Mary Spiers In Memory of Dr. Harry Bullock Jean Sommerville Jean Bynum Michael and Kristin Jones Carolyn Jane Huntley St. James Women of the Church Carolyn Jane Huntley Christopher Sorensen Anthony and Angel Carroll Diane P. Joyce Lena S. Love Jacqueline D. Stansbury Mattie H. Jenkins William and Helen Spell Edna Chewning Janet H. Kinker Roy A. Moon Jason and Renae Sterling Gwyndolyn Keil Robert L. and Genevieve Stevens Herbert Clarke Sarah E. Knoeller James Musgrave Michael and Ann Stoneman Bev Lordi James Stewart William E. Clingman, Sr. John and Donnie Kopp Helen Taylor Lena S. Love (continued) Irma T. Stone Philip and Elizabeth Coltrain Ingrid Lampert Dee Thomas Malcolm O. and Sarah Perkins 4 Covenant Woods Annual Report 2009 Covenant Woods Annual Report 2009 5 Honor roll of Contributors continued Tribute Gifts continued Herbert Clarke Jean Bynum In Memory of George Loving Covenant Woods Guild In Memory of Elizabeth Vick In Memory of Irma Erhlich Dr. and Mrs. Robert Cushing Edna Chewning Virginia C. Hughes Virginia C. Hughes Covenant Woods Guild Covenant Woods Guild Kenneth E. Dabney Teresa W. Darden In Memory of Eugene McCaul Carolyn Jane Huntley Dr. and Mrs. Forrest Pitts Mary Hetzel Elizabeth Davis Carolyn F. Dicken Virginia C. Hughes Roy A. Moon In Memory of James Waring Virginia C. Hughes James B. and Joyce Fleet Judith Dicken Carolyn Jane Huntley James R. Musgrave Tina J. Richardson Gwyndolyn Keil Jack and Carol Galvin Covenant Woods Guild Hardy A. and Verner S. Nance Mr. and Mrs. Edwin B. Hughes Jean S. Hamlett In Memory of Sylvia McKinney Vivian A. and Kathryn Parks In Memory of Media Marie Whittington Lena S. Love Covenant Woods Guild Covenant Woods Guild Gordon and Carolyn Meador Mr. and Mrs. Brad Hughes Mary Hetzel Malcolm O. and Sarah Perkins Mr. and Mrs. Philip W. Hughes Robert and Janis Vanden Heuvel Mary Hetzel Charles Skinner Haynie Family In Memory of Ray Gordon Mr. and Mrs. Virgil Gregory Hughes Cheryl W. Hudson James and Betty Rice Elizabeth Taylor Mary Hetzel Gabie Crutchfield Virginia C. Hughes Moreland and Lila Irby In Memory of Roy Miller In Memory of Faye Williams Covenant Woods Guild In Memory of Jack Taylor Lynn Hughes William S. and Ann Nell Jackson Covenant Woods Guild John and Helen Anton Gabie Crutchfield Virginia C. Hughes Carolyn Jane Huntley Virginia Walker Jarvis Virginia C. Hughes Covenant Woods Guild Carolyn Jane Huntley Mary Armstrong Moreland and Lila Irby Diane P. Joyce Gwyndolyn Keil Anne T. Baird Virginia C. Hughes Lena S. Love Clinton Jones Jr. Gwyndolyn Keil Malcolm O. and Sarah Perkins Carolyn Jane Huntley Roy A. Moon Margaret H. Barlow Jeffrey Jones Mary Loretta Lattis In Memory of Jack Newbill Julia Baxter Lena S. Love Vivian A. and Kathryn Parks Tom and Dorothy Jones C. P. and Florence Lewis Malcolm O. and Sarah Perkins Malcolm O. and Sarah Perkins William and Jeanne Engleby Frances L. Blankenbaker Gwyndolyn Keil Ruth Lucero Virginia C. Hughes Anna Marie Blatt Dr. and Mrs. Forrest Pitts Elizabeth Taylor Crystal E. King James R. Musgrave Carolyn Jane Huntley Jean A. Brehmer In Memory of Birdie Williams In Memory of Phyllis Guyton Janet H. Kinker Sarah E. Rattey Harriet S. Brockenbrough Covenant Woods Guild Covenant Woods Guild Ingrid Lampert John A. and Elizabeth L. Rupp In Memory of Betty Newbill William and Jeanne Engleby Suzanne Bunting Mary Hetzel In Memory of Elizabeth Hines Olive Litwinowicz Jacqueline D. Stansbury William E. Clingman, Sr. Virginia C. Hughes Beverly Lordi Michael and Anne Stoneman Covenant Woods Guild Margaret H. Barlow Virginia C. Hughes Bishop and Mrs. R. Kern Eutsler William and Jerolene Jennings Grace Battle Lena S. Love Elizabeth Taylor Norman and Nancy Evans Melvin and Donna Lanning Doris McCalla Donald R. and Jan Tindall Carolyn Jane Huntley Thomas S. Butler Lena S. Love Fairfield Presbyterian Church Lena S. Love Jean Bynum Thomas and Suzanne Meade James L. and Jane Waller Jean S. Hamlett Judy Waldron Anne Denny Roy A. Moon Betsy Waring In Memory of Janice Oglesby Audrey Hoover Eugene L. Williams Richard and Charlotte H. Forrester Frances E. Morgan Phyllis Wooden Covenant Woods Guild Virginia C. Hughes In Memory of Mel Williams Mary Vaughan Francis James R. Musgrave In Memory of Marcia Johnson In Memory of Alice Overby Carolyn Jane Huntley James R. Musgrave Covenant Woods Guild Hardy A. and Verner S. Nance Kathryn Dunham Bethany Bible Class Moreland and Lila Irby Mary Hetzel Vivian A. and Kathryn Parks David and Sabrina Falls Covenant Woods Guild Mattie H. Jenkins In Honor of Alpha Delta Kappa Virginia C. Hughes Malcolm O. and Sarah Perkins Essie B. Gordon Mary Hetzel Tom and Dorothy Jones Betty D. Sweeney Carolyn Jane Huntley Ms. Theodora Peterson Covenant Woods Guild Virginia C. Hughes Anne Kay In Honor of Lindsay King Gwyndolyn Keil Dr. and Mrs. Forrest Pitts Charles R. Hayward Gwyndolyn Keil Gwyndolyn Keil Doris Mintz Lena S. Love Conrad and Barbara Poniatowski Mary Hetzel Howard and Kimberly Overby Janet H. Kinker In Honor of Colonel Dave Schumaker Betty Loving Thomas J. Row Henry and Christiana Horenstein Lee Artists Association In Memory of Jean Row James A. and Audrey Duval Robert and Cheryl Mainwaring Dave and Mary Love Schumaker Moreland and Lila Irby Beverly Lordi Virginia C. Hughes Beverly Lordi Roy A. Moon (Col. Ret.) David and Janis Johnson Lena S. Love Carolyn Jane Huntley In Honor of Reverend Steve Scott James R. Musgrave Novelene Shroyer Gwyndolyn Keil Doris McCalla Gwyndolyn Keil Charles A. Skinner Malcolm O. and Sarah Perkins Betty D. Sweeney Ruth Lucero Hardy A. and Verner S. Nance Lena S. Love James and Harriet Schnell Elizabeth Taylor William Mohr Olsen Associates, Inc In Honor of Doretha Wimms Malcolm O. and Sarah Perkins Ray Shepherd Virginia Angler’s Club Lorraine Pecsok William and Louisa Painter Patricia Rose Schwartz William F. Shewey Ruth Wallace Jean Winfield In Memory of Joyce Schatzki Vivian A. and Kathryn Parks Covenant Woods Guild In Honor of Elizabeth Taylor Jason and Renae Sterling Vernon and Wanda Walton Malcolm O. and Sarah Perkins In Memory of Stanley Litwinowicz Carolyn Jane Huntley Gabie Crutchfield Dr. and Mrs. J. P. Todd, Jr. Stanford and Martie Wells Dr. and Mrs. Forrest Pitts Elmer and Betty West Virginia C. Hughes Lena S. Love In Honor of Katherine Thompson In Memory of Florence Hill Carolyn Jane Huntley John and Joanne Rilling Wilmuth T. White Dr. and Mrs. Forrest Pitts Mary P. Ryan Covenant Woods Guild Olive Litwinowicz K. A. Rohaly John C. Wycoff Jr. In Memory of Morgan Smart David and Marjorie Rose In Honor of Walter Jefferson Carolyn Jane Huntley Lena S. Love In Memory of J. Edwin Givens Virginia C. Hughes Novelene Shroyer William S. and Donna Jackson Ruth Lucero Roy A. Moon Kirk and Elizabeth Pace James and Peggie Atkins James R. Musgrave Carolyn Jane Huntley Martha Singdahlsen In Honor of Walter Thompson Dr. and Mrs. Forrest Pitts Harriet S. Brockenbrough Hardy A. and Verner S. Nance Mattie H. Jenkins Betty D. Sweeney Katherine and Walter Thompson Helen Yates Suzanne Bunting Elizabeth Taylor Gwyndolyn Keil Helen Taylor Bev Lordi In Honor of Betty Loving Anne G. Downing Katherine and Walter Thompson In Memory of Penn Hughes In Memory of William Lordi Lena S. Love Madeline Snead Gwyndolyn Keil Donnie and Elizabeth Thurston Mr. and Mrs. Paul Anderson John D. Lambert Covenant Woods Guild Hiroko McCaul Dr. and Mrs. J. P. Todd, Jr. Dave and Barbara Augustson Virginia C. Hughes Malcolm O. and Sarah Perkins While every effort has been made to Charles and Leslie Shimer Ellis and Phyllis West Nancy Augustson Carolyn Jane Huntley Dr. and Mrs. Forrest Pitts create an accurate list of donors, we In Memory of Marion Jefferson Warwick and Alyce West Anne T. Baird Gwyndolyn Keil Nancy Smart appreciate your contacting us should Brad and Linda Baker Gerald and Virginia Wilson Margaret H. Barlow Bev Lordi you notice an error. Please call the Margaret H. Barlow In Memory of Marian Skinner Faye Williams Frances L. Blankenbaker Malcolm O. and Sarah Perkins Development Office at 804-569-8004. Robert Branner Martha Benko Dr. and Mrs. Forrest Pitts Michael J. Anastasio Edna Chewning Donald J. Bloomquist Elizabeth Taylor Gabie Crutchfield Lena S. Love 6 Covenant Woods Annual Report 2009 Covenant Woods Annual Report 2009 7 The Heart of Covenant Woods The Heart of Covenant Woods Volunteer Leadership Volunteerism at Home Covenant Woods’ volunteer Community Volunteers leadership is comprised of Covenant Woods boasts many dedicated individuals willing resident volunteers, dedicated to share time, talent and to improving the lives of those expertise in the interest of around them. From creative growing Covenant Woods’ arts classes to one-on-one services and programs. visits of support and friend- ship, their efforts are felt and Board of directors appreciated throughout the Covenant Woods is a Covenant Woods community: not-for-profit Virginia cor- • art/music program leaders poration, tax exempt under • in-house mail deliverers Section 501(c)(3) of the • party hosts Internal Revenue Code and • pet therapy helpers governed by a volunteer • chorus directors Board of Directors. Board • cooking class instructors committees include the • educational lecturers Executive Committee, • Residents Council members Board Resources, Develop- 2007-2008 Board 2008-2009 Board • community outreach ment, Finance, Quality James C. Lester, Chairman Joseph E. Marshburn, workers Management, and Strategic Joseph E. Marshburn, Chairman Covenant Woods’ volunteer Planning. Vice Chairman Leslie A. Shimer, Esq., Leslie A. Shimer, Esq., Vice Chairman spirit does not stop at our Secretary Mary Vaughan Francis, front door. Residents and Directors: Secretary employees alike reach out to Molly C. Ashby Directors: assist the greater Richmond Carlene M. Bass Molly C. Ashby community in programs Patrick J. Brady Peggie L. Atkins and events such as the: Francis J. Brooke Carlene M. Bass • Hanover Food Pantry Anne G. Downing Patrick J. Brady • Hanover Christmas Mother James D. Elliott, Jr. Anne G. Downing • Ashland Strawberry Faire Emily Elmore James D. Elliott, Jr. • Hanover Tomato Festival Covenant Woods Guild Covenant Woods Mary Vaughan Francis Emily Elmore • Alzheimer’s Association A leadership volunteer group residents’ association J. Natalie Kent J. Natalie Kent Memory Walk that consists primarily of rep- The Residents’ Association William F. LaVecchia William F. LaVecchia resentatives from Methodist keeps communication flow- Nancy Lickey Jacob W. Mast, Jr. and Presbyterian churches in ing between administration Jacob W. Mast, Jr. Jimmy T. Mills the Richmond metropolitan and the resident community. O. Randolph Rollins O. Randolph Rollins area, the Guild works tire- Committee membership, Dr. Robert B. Scott Dr. Robert B. Scott lessly to promote interest which is open to all residents, Christopher Sorensen Christopher Sorensen in and support for resident includes Activities, Dining Donald R. Tindall Donald R. Tindall J. T. Ward Margie Turbyfill needs from churches and Services, Health and Wellness, Mary Jane Winter Thelma Bland Watson, Ph.D. other entities. Landscape, Library, Pond Mary Jane Winter and Trail, and Television and Technology. 8 Covenant Woods Annual Report 2009 Covenant Woods Annual Report 2009 9 BALANCE SHEETS STATEmENTS of opErATioNS March 31 2009 2008 2007 Years ended March 31 2009 2008 2007 assets Current assets: Revenues, gains, and other support: Cash and cash equivalents $ 97,847 $ 196,525 $ 406,634 Residental services, including amortization Receivables 605,243 1,504,242 735,060 of advance fees of $2,125,772 in 2009, Advanced fee deposits 118,000 126,500 169,500 $2,240,497 in 2008, and $1,226,335 in 2007 $ 6,348,007 $ 5,727,138 $ 3,086,014 Resident funds 11,800 79,336 77,795 Net patient health care and wellness revenue 2,953,100 2,311,841 2,252,910 Prepaid expenses and other 248,229 218,791 261,350 Unrestricted gifts and donations 123,567 84,832 132,889 Total current assets 1,081,119 2,125,394 1,650,339 Interest and dividend income 1,339,708 1,932,962 840,969 Net realized gains on sales of investments (326,993) 10,439,416 4,898,858 Assets whose use is limited: Gain (loss) on disposal of assets 4,490 (4,346) (4,542) Externally restricted under Other 408,278 929,381 635,153 permanent donor restrictions 2,493,016 2,967,593 3,200,026 Total revenues, gains, and other support 10,850,157 21,421,224 11,842,251 Investments 25,462,478 41,782,101 44,106,600 Expenses: Property and equipment, net 43,601,177 44,382,849 44,786,012 Salaries and benefits 5,971,871 5,439,356 4,666,150 Other assets: Supplies and materials 250,371 262,697 198,226 Deferred marketing costs, net of accumulated Depreciation and amortization 2,107,971 1,767,749 1,453,283 amortization of $934,395 in 2009, Interest expense 1,210,100 1,547,135 1,492,971 $745,198 in 2008, and $577,444 in 2007 1,364,321 1,277,209 1,349,198 Repairs and maintenance 314,360 319,255 256,941 Deferred financing costs, net of accumulated Professional fees 350,274 338,698 234,389 amortization of $129,085 in 2009, Food 602,408 570,726 451,053 $115,377 in 2008, and $101,669 in 2007 287,673 301,381 315,089 Occupancy costs 884,557 749,214 591,003 Total other assets 1,651,994 1,578,590 1,664,287 Resident allowance and other support 12,958 33,302 39,724 Insurance 242,207 286,341 324,974 Total assets $ 74,289,784 $ 92,836,527 $ 95,407,264 Other 958,316 894,829 725,344 Total expenses 12,905,393 12,209,302 10,434,058 liabilities and net assets Operating income (loss) (2,055,236) 9,211,922 1,408,193 Current liabilities: Accounts payable $ 639,391 $ 265,984 $ 1,485,086 Nonoperating gains (losses): Accrued salaries and benefits 373,919 346,046 142,948 Decrease in estimated obligation to provide Interest payable 17,167 76,336 165,493 future services and use of facilities to Advanced fee deposits 118,000 126,500 169,500 current residents - 1,786,982 579,836 Resident funds 11,800 79,336 77,795 Other-than-temporary impairment of investments (13,080,732) - - Current portion of long-term debt 860,000 820,000 12,945,393 Gain (loss) in fair value of interest rate collar 179,929 (192,884) (144,009) Other 215,036 186,559 271,795 Total current liabilities 2,235,313 1,900,761 15,258,010 Excess (deficit) of revenues, gains and other Long-term debt, net of current portion 30,087,568 31,781,138 29,765,000 support over expenses (14,956,039) 10,806,020 1,844,020 Interest rate collar liability 156,964 336,893 144,009 Other changes in unrestricted neet assets: Advance fees and deposits Net unrealized loss on investments (433,773) (12,085,535) (1,718,128) Refundable advance fees 4,292,841 4,843,125 738,718 Increase (decrease) in unrestricted net assets $ (15,389,812) $ (1,279,515) $ 125,892 Deferred revenue from advance fees 17,783,762 18,376,885 10,604,872 Total advance fees and deposits 22,076,603 23,220,010 11,343,590 Estimated obligation to provide future services - - 1,786,982 Total liabilities 54,556,448 57,238,802 58,297,591 Net assets: Unrestricted 17,240,320 32,630,132 33,909,647 Permanently restricted 2,493,016 2,967,593 3,200,026 Total net assets 19,733,336 35,597,725 37,109,673 Total liabilities and net assets $ 74,289,784 $ 92,836,527 $ 95,407,264 10 Covenant Woods Annual Report 2009 Covenant Woods Annual Report 2009 11 The Heart of Covenant Woods Statistics & Staff Ways to Give Covenant Woods offers its donors many ways to give and the Development Office is available to answer all of your charitable giving questions. All inquiries are strictly confidential. Please call 804-569-8004 or email email@example.com. Check Gifts made by check are the easiest and most popular way to contribute. Make checks payable to Covenant Woods and note on the memo line if you would like your gift applied in a specific way. Credit Card Covenant Woods accepts donations through Master- Card, VISA and Discover. Once the donation is processed, no credit card information is retained on permanent record. Gift annuities Statistics (as of March 30, 2009) Management Staff 2008-2009 Gift annuities enable you to achieve your charitable objectives while providing guaranteed income for you, Independent living residences Timothy A. Johnson, President and your spouse and /or family members, as well as a tax Apartments . . . . . . . . . . . . . . . . . . 104 Chief Executive Officer deduction. Cottages . . . . . . . . . . . . . . . . . . . . . . 29 James R. Musgrave, Chief Financial Officer Carrie Davis, Administrator Bequests Assisted living apartments . . . . . . . . . . 30 Emily Endert, Director of Human Resources Made through your will, a bequest enables you to retain the property until after death and Memory support suites . . . . . . . . . . . . 13 avoid estate taxes. The bequest can designate distribution of either a specific dollar amount or Meghan Horan, Director of Resident and Healthcare center (nursing) beds . . . . . 39 a percentage of the estate. Recreation Services Employees . . . . . . . . . . . . . . . . . . . . . 188 Bridget Todd, RN, Director of Nursing Planned Gift Volunteers . . . . . . . . . . . . . . . . . . . . . 158 William Jefferson, Director of Facilities Remembering Covenant Woods in your will or naming Covenant Woods as beneficiary to Covenant Woods is pledged to the letter and Erik Mauritsen, Controller & Corporate charitable gift annuities, pooled income funds, charitable remainder trusts, or life insurance – spirit of U.S. policy for the achievement of Compliance Officer all are forms of planned gifts and ways to ensure that Covenant Woods’ excellent care and service equal housing opportunity throughout the Greg Melton, Director of Information Technology continue for generations to come. nation. We encourage and support an affir- Elizabeth J. Richardson, Director of Development Stock mative advertising and marketing program and Marketing Gifts of appreciated securities can be advantageous to the donor, providing a charitable deduction in which there are no barriers to obtaining Paul Westerfield, Director of Dining Services for the full fair market value of the stock at the time of the gift, thus avoiding capital gains on housing because of race, color, religion, sex, Steve Scott, Director of Spiritual Care increased stock value. handicap, familial status or national origin. The continuing care retirement facilities and Gifts in Kind services of Covenant Woods are offered solely Covenant Woods welcomes donations of items appropriate for use in the facility, as well as by Covenant Woods, a Virginia corporation, contributions for resale in our secondhand shop (the “Ruth Shoppe”). Gift value which is not affiliated with any outside con- is determined by the donor as specified by the Internal Revenue Service. tinuing care retirement facility or provider. Covenant Woods Development Office 7090 Covenant Woods Drive, Mechanicsville, VA 23111 804-569-8004 12 Covenant Woods Annual Report 2009 Covenant Woods Non-Profit 7090 Covenant Woods Drive US Postage Mechanicsville, VA 23111 PAID Richmond, VA Permit No. 1845
"Covenant Woods Annual Report"