Program areas at WVWL
Westminster Village West Lafayette, Inc. is a not-for-profit, life plan community located in West Lafayette, Indiana. Facilities include 110 residential units (independent living center), 52 independent living cottages, 54 hybrid homes, a 72 bed comprehensive care facility (the health center), and a 47 bed assisted living facility. Westminster's primary purpose is the provision of continuing care services to the citizens of West Lafayette, Indiana and the surrounding communities.
Consistent with the mission statement of the Village, the Village is committed to providing programs, services and contributions (both in kind and financial) that target the resident population at the Village, as well as to benefit the broader community. In addition to the financial assistance, the Village provides community services that include, but are not limited to educational programs, transportation and church relations all targeted towards enhancing the quality of life of the residents. The cost of these programs and services are included in operating expenses.
The Village provides care to residents who meet certain criteria under its financial assistance policy without charge. The key element used to determine eligibility is the resident's inability to pay their monthly charges as documented in an application that requires them to report total monthly income and total assets and is approved by management and the board. Because the Village does not pursue collection of amounts determined to qualify for financial assistance, they are not reported as revenue. The Village has estimated its direct and indirect costs of providing financial assistance under its financial assistance policy. Because all of the financial assistance provided during the period where in the skilled nursing setting, management estimated that the cost of providing financial assistance is approximately equal to the rates being foregone. Using this methodology, the Village has estimated the costs foregone for services and supplies furnished under the Village's financial assistance policy of approximately $223,000 and $221,000 for the years ended june 30, 2022 and 2021, respectively. This amount is included as an offset to resident services revenue.