Ccrc Inc

“Also included on campus was the summit assisted living and the summit health and rehabilitation, both wholly owned and operated by centra health, inc. As such, the summit provided the facilities, services, amenities and programs to support an engaging lifestyle for residents. The summit hosted several groups that benefited both residents and members from the larger community, including the interfaith vision support group, the jamerson ymca and the central virginia parkinson's support group. The summit hosted several annual wyndhurst community events including wyndhurst wednesday food truck events and an annual fourth of july fireworks celebration. The summit hosted educational events in cooperation with area nonprofit agencies such as aarp, poplar forest redevolopment group, the centra foundation, central and western virginia alzheimer's assocaition, jamerson family ymca and the wyndhurst association. Several of the summit activity programs were open to both resident and nonresidents, including wellness programing, use of our fitness center, educational and cultural events. The summit was host to the area bird watching association and was a designated wildlife habitat by the national wildlife foundation. The summit hosted a weekly worship service for residents, inviting area clergy to provide leadership. Staff provided volunteer support for each of the above organizations and others including the wyndhurst association, vanha, leadingage, the lynchburg regional business alliance, and others. Additionally, the summit provides in-kind services to events sponsored by the wyndhurst association. Operations for ccrc ceased as of october , 2021. Association. Operations for ccrc ceased as of october , 2021.”

“The organization is a not-for-profit, stock company. As of the end of 2021, there were 363 shares of common stock and zero shares of preferred stock outstanding. Centra health, inc. Own 91% of the common stock. The remainder is owned by the retirement center of the christian church in virginia, inc.”

“Centra health, inc., as the majority owner of the ccrc, inc. Stock, has the right to appoint the majority of the ccrc, inc. Board.”

“Centra health inc., as the majority owner of the ccrc, inc. Stock, has the right to review and approve decisions made by the governing body of ccrc, inc.”

“The return was prepared by an independent accountant with assistance and oversight by management. Copies of the form 990 have been provided to all voting members of the board of directors, and any questions raised by the board of directors have been addressed.”

“All centra health, inc./ccrc, inc. Officers and directors must complete a "possible conflict of interest" questionnaire on an annual basis, certifying that neither they nor any of their immediate family members have engaged in any activities that could lead to a potential conflict of interest. Additionally, all officers and directors must agree to promptly report any potential conflicts of interest that arise during the year to the president or chairman of the board of directors.”

“Form 990, part vi, lines 15a and 15b were answered as "no", however, under a management agreement with centra health, inc., a related party and 91% shareholder of ccrc, inc., the organization's executive director's compensation was established in accordance with centra health's executive compensation practices which include the use of a compensation committee, independent compensation consultant(s), and compensation study or survey.”

“Photocopies of the organization's recent filings of the form 990 are available upon request at the organization's administrative office. Additionally, filings of the form 990 can also be found online at www.guidestar.org.”

“Photocopies of the organization's governing documents, financial statements, and conflict of interest policy are available upon request at the organization's administrative office.”

“On October 1, 2021 CCRC, Inc. sold substantially all of its operating assets. The purchasers assumed all obligations and rights under The Summit resident agreements. In connection with the same transaction, Centra sold The Summit's assisted living facility along with the furniture, fixture, and equipment, residency agreements, and contracts used in the operation of the assisted living facility to such purchasers. The company was officially dissolved on May 17, 2022.”

“Return of capital distributions $-14,384,486”

“Description:catering services total fees:470683”

“Description:resident services total fees:29450”

“Description:other marketing total fees:1086”

“Description:healthcare benefits total fees:42350”

“Description:facilities maintenance svcs total fees:7928”

“Description:summit benevolent fund total fees:9000”