Civic Intelligence

Sheltering Arms Corporation

EIN 54-1615598 • 501(c)3 • Mechanicsville, VA

Profile

Sheltering Arms Corporation's mission is to guide and oversee the activities for Sheltering Arms Hospital, Sheltering Arms Foundation, the Palmyra Rehabilitation Corporation, and Sheltering Arms Hospital South, Inc. Part of the mission includes concentrating on long-range and financial planning in order to determine how the Sheltering Arms Corporation and related corporations may better meet the total physical rehabilitation and health care needs of the central Virginia geographical area.

8226 Meadowbridge RoadMechanicsville, VA 23116

www.shelteringarms.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.36x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

7.30x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

5th percentile

-43%

Higher net margin than 5% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

71st percentile

12%

Faster asset growth than 71% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2024

Revenue Growth

7th percentile

-30%

Faster revenue growth than 7% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2024

Assets

Up

$135,521,202

Up $27,732,629 (+26%) from 2022

Liabilities

Down

$48,883,067

Down $10,868,652 (-18%) from 2022

Net Assets

Up

$86,638,135

Up $38,601,281 (+80%) from 2022

Revenue

Down

$6,700,773

Down $6,975,096 (-51%) from 2022

Expenses

Down

$9,606,778

Down $3,176,620 (-25%) from 2022

Net Income

Down

-$2,906,005

Down $3,798,476 (-426%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $64,490,371Liabilities 2018: $53,708,372Net Assets 2018: $10,781,9992018Assets 2019: $82,933,856Liabilities 2019: $62,061,408Net Assets 2019: $20,872,4482019Assets 2020: $115,837,024Liabilities 2020: $85,723,871Net Assets 2020: $30,113,1532020Assets 2021: $125,461,288Liabilities 2021: $78,316,905Net Assets 2021: $47,144,3832021Assets 2022: $107,788,573Liabilities 2022: $59,751,719Net Assets 2022: $48,036,8542022Assets 2024: $135,521,202Liabilities 2024: $48,883,067Net Assets 2024: $86,638,1352024

Highlighted filing

2024

Assets$135,521,202
Liabilities$48,883,067
Net Assets$86,638,135

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10M-$20MRevenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $10,781,999Expenses 2018: $0Net Income 2018: $10,781,9992018Revenue 2019: $1,130,304Expenses 2019: $13,960,088Net Income 2019: -$12,829,7842019Revenue 2020: $22,792,327Expenses 2020: $13,551,622Net Income 2020: $9,240,7052020Revenue 2021: $25,277,766Expenses 2021: $7,362,500Net Income 2021: $17,915,2662021Revenue 2022: $13,675,869Expenses 2022: $12,783,398Net Income 2022: $892,4712022Revenue 2024: $6,700,773Expenses 2024: $9,606,778Net Income 2024: -$2,906,0052024

Highlighted filing

2024

Revenue$6,700,773
Expenses$9,606,778
Net Income-$2,906,005

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Aug 11, 2023
Return Version
2021v4.2
Gross Receipts
$13,891,823
Mission and Program Overview

Mission

Sheltering arms corporation's mission is to guide and oversee the activities for sheltering arms hospital, sheltering arms foundation, the palmyra rehabilitation corporation, and sheltering arms hospital south, inc. Part of the mission includes concentrating on long-range and financial planning in order to determine how the sheltering arms corporation and related corporations may better meet the total physical rehabilitation and health care needs of the central virginia geographical area.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$96,532,645$93,196,569▼ $3,336,076
Cash and Non-Interest-Bearing Accounts$13,863,684$3,176,754▼ $10,686,930
Prepaid Expenses and Deferred Charges$9,730$0▼ $9,730
Total Assets$125,461,288$107,788,573▼ $17,672,715
Other Assets Total$15,055,229$11,415,250▼ $3,639,979
Liabilities
Tax Exempt Bond Liabilities$66,014,093$48,293,080▼ $17,721,013
Mortgage Notes Payable Secured by Investment Property$12,300,000$11,300,000▼ $1,000,000
Other Liabilities$0$158,639▲ $158,639
Accounts Payable and Accrued Expenses$2,812$0▼ $2,812
Deferred Revenue-$0-
Total Liabilities$78,316,905$59,751,719▼ $18,565,186
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$47,144,383$48,036,854▲ $892,471
Total Net Assets Fund Balance$47,144,383$48,036,854▲ $892,471
Total Liabilities and Net Assets / Fund Balance$125,461,288$107,788,573▼ $17,672,715

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$72,321,902$4,420,400$76,742,302
Equipment$11,000,069$7,895,533$18,895,602
Land$9,848,718-$9,848,718
Leasehold Improvements$0$522,698$522,698
Other Land Buildings$25,880-$25,880
Other Assets Org$115,250--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Joel D GlasgowDirector of Financial Planning and AnalysisPT$151,435$151,435
Carrie F SchoonoverSenior Manager Business Information SystemsPT$133,015$133,015
Amanda E JenningsManagerPT$128,100$128,100

Board Members and Trustees

NameTitle
Ashby R HackneyChair
Mary a Zweifel Term 122020Former President & CEO
Dianne V JewellPresident & CEO
Dr Peter ZedlerCurrent Vice Chair
John D BurnsFormer Vice Chair
David ConstineDirector
Holly AntrimDirector
Lawrence E GibsonDirector
Leslie WyattDirector
Patricia B CushnieDirector
Peter H BowlesDirector
Sandra M DouglasDirector
Teresa DimarcoDirector
Theodore W PriceDirector
W Lee Chaney IiiDirector
Michael W EllermanDirector Clinical It
John L McphersonDirector of Finance
Joel D GlasgowDirector of Financial Planning and a
Bryan C GilreathAvp Outpatient Services
Patrick ZunigaAvp Revenue Cycle
James S LitsingerCFO & Treasurer
Christina M WithersPhysical Therapist
Amanda WorleyVP Hr & Secretary
Alex E GrishamVP It
Stephanie SulmerVP Marketing

Highest Paid Contractors

ContractorServicesLocationCompensation
Messer Contracting LLCConstruction11123 CAUTHORNE ROAD, Glen Allen, VA 23059$426,471
Revenue and Support

Revenue Composition

Contributions and Grants
$9,193,722
Program Service Revenue
$4,697,687
Investment Income
$-215,954
Other Revenue
$414
Change in Net Assets
$892,471
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,629,109
Salaries, Compensation, and Employee Benefits$846,789
Grants and Similar Amounts Paid$307,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$2,189,825$1,799,527-$3,989,352
Information Technology$2,493,950$626,107-$3,120,057
Interest$944,502$944,501-$1,889,003
Fees for Services Other$615,629$495,238-$1,110,867
Current Officers, Directors, Trustees, and Key Employees$485,685$361,104-$846,789
Occupancy$268,578$250,590-$519,168
Office Expenses$217,209$122,921-$340,130
Fees for Services Legal$101,109$222,959-$324,068
Grants to Domestic Orgs$307,500--$307,500
Insurance$122,801$122,800-$245,601
Fees for Services Accounting$101,729$102,755-$204,484
Advertising$88,237$37,816-$126,053
All Other Expenses$42,254$6,006-$48,260
Conferences and Meetings$12,370$6,943-$19,313
Travel$7,675$3,467-$11,142
Other Expenses$-4,501,453$-3,116,094-$-7,617,547
Total Functional Expenses$7,684,109$5,099,289$0$12,783,398
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Community Foundation for a Greater RichmondRichmond, VA501(c)(3)These Funds Were Further Dispersed to 19 Community Support Groups in the Greater Richmond Area.$307,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Sheltering Arms Institute$158,639

Bond Issues

BondIssuerIssuedIssue PricePurpose
AEconomic Development Authority of the County of Goochland2017-10-18$74,335,000Construction of inpatient rehab hospital facility

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$73,175,939-$23,010,000$685,271

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 and applicable attachments were provided to the board of directors of sheltering arms corporation. An open comment and question period was welcomed to direct any questions or comments before filing the form 990 and its related attachments.

Form 990, Part VI, Section B, Line 12C

Board members are required to review and sign a copy of the conflict-of-interest policy annually. Any conflicts of interest are disclosed at that time and the signed policy is kept on file by the organization. In the event a potential conflict arises during the year, the director with such conflict must recuse him/herself from all discussions and vote on the matter.

Form 990, Part VI, Section B, Line 15

Sheltering arms corporation does not have any employees. Compensation of officers of the corporation who are employed by a related organization is determined under the compensation practices of the related organization.

Form 990, Part VI, Section C, Line 19

Upon request, sheltering arms corporation will make available for public inspection governing documents, conflict of interest policies, related policies, and financial statements.

Filing and Contact Details

Filer

Filer Name
Sheltering Arms Corporation
EIN
54-1615598
Phone
8047641000
Address
8226 MEADOWBRIDGE ROAD, MECHANICSVILLE, VA 23116

Signing Officer

Name
Dianne Jewell
Title
President & CEO
Phone
8047641000
Signed
2023-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dianne Jewell
Formed
1992
Legal Domicile
Va
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Cherry Bekaert Advisory LLC
Address
200 SOUTH 10TH ST STE 900, RICHMOND, VA 23219
Preparer
Paula Wendling
Phone
8046735700
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, MISSION OR MOST SIGNIFICANT ACTIVITIES:

To support the activities of affiliated entities in providing healthcare services and community based programs.

FORM 990, PART I, LINE 15 AND PART IX, LINE 5:

The organization does not have any employees. All individuals providing services to the organization are employed by sheltering arms hospital ("sah"). In accordance with the 990 instructions, the amount paid by the organization to sah to reimburse for the services of officers and key employees of the organization has been reported on part ix, line 5 (and therefore part i, line 15).

Financial Statement Notes

PART X, LINE 2:

Gaap requires the corporation's management to evaluate tax positions taken by the corporation and to recognize a tax liability (or asset) if the corporation has taken an uncertain tax position that more than likely would not be sustained upon examination by the irs. The corporation's management has analyzed the tax positions taken by the corporation and has concluded that as of september 30, 2022, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or an asset) or disclosure in the consolidated financial statements. The corporation is subject to audit by taxing jurisdictions; however, there are currently no audits for any tax period in progress.

Raw XML AppendixShowing 400 of 962 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/CollectionsOfArtInd00
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IRS990/CompensationProcessOtherInd00
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IRS990/ContractorCompensationGrp/ServicesDesc0CONSTRUCTION
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
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IRS990/CYGrantsAndSimilarPaidAmt0307500
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IRS990/CYOtherExpensesAmt011629109
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IRS990/CYTotalProfFndrsngExpnsAmt00
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IRS990/Desc0SHELTERING ARMS CORPORATION SUPPORTED THE PROVISION OF (1) INPATIENT PHYSICAL REHABILITATION SERVICES THROUGH A STATE-OF-THE-SCIENCE PHYSICAL REHABILITATION HOSPITAL OPERATED THROUGH A JOINT VENTURE BETWEEN SHELTERING ARMS HOSPITAL AND VCU HEALTH SYSTEM AND (2) OUTPATIENT PHYSICAL REHABILITATION SERVICES AT SEVEN OUTPATIENT LOCATIONS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt17VP IT
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