Wesley Jackson Highlands INC

Tax-deductible

Cordova, TN501(c)(3)HousingEIN 31-1629018Revenue $513K in FY2024

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Wesley Jackson Highlands, INC. Is a not-for-profit corporation formed in april 1996, in accordance with the not-for-profit statutes of the state of tennessee. The corporation was formed for the purpose of operating a 50-unit community located in Jackson, tennessee known as Wesley Jackson Highlands, which provides housing and related services for very low and extremely low income elderly persons pursuant to section 202 of the national housing act, as amended.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 13 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $83K a year · 17% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.0M
174% of total assets
Concern: liabilities are 174% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$513K
+3% vs prior year
Spent
$594K
To programs
80%
Net assets
−$1.3M
By yearFY2020–FY2024
Revenue
$513K
FY2024▲ +3%
Revenue by fiscal year
FY2020$476K
FY2021$450K
FY2022$484K
FY2023$497K
FY2024$513K
Expenses
$594K
FY2024▼ -6%
Expenses by fiscal year
FY2020$530K
FY2021$520K
FY2022$557K
FY2023$632K
FY2024$594K
Net assets
−$1.3M
FY2024▼ -7%
Net assets by fiscal year
FY2020−$929K
FY2021−$998K
FY2022−$1.1M
FY2023−$1.2M
FY2024−$1.3M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $475K Management & general 20% · $119K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Wesley Jackson Highlands INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides housing and services for low-income elderly residents.

Provided by the organization

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1 program · $475K · in their own filed words · FY2024
01

Wesley jackson highlands, inc. Is a not-for-profit corporation formed in april 1996, in accordance with the not-for-profit statutes of the state of tennessee. The corporation was formed for the purpose of operating a 50-UNIT community located in jackson, tennessee known as wesley jackson highlands, which provides housing and related…

$475Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$513K
Ln 12
Gifts and grantsLn 1h$279K
Fees for servicesLn 2g$233K
Investment incomeLn 3$966
Money outPt IX
$594K
Ln 25
Programscol B$475K
Managementcol C$119K
Owns and owesPt X
−$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$23K
Total assetsLn 16$1.7M
LiabilitiesLn 26$3.0M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$279K
Government grantsLn 1e$279K
Fees for servicesLn 2g$233K
Investment incomeLn 3$966
Total revenueLn 12$513K
Assets in detailPt X, end of year
CashLn 1$23K
Cash and savings togetherLn 1–2$23K
InvestmentsLn 11–13$139K
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$18K
Total assetsLn 16$1.7M
LiabilitiesLn 26$3.0M
Net assetsLn 32−$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$137K$23K
InvestmentsLn 11–13$0$139K
Land, buildings, equipmentLn 10c$1.5M$1.5M
Total assetsLn 16$1.8M$1.7M
LiabilitiesLn 26$3.0M$3.0M
Net assetsLn 32−$1.2M−$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$60K$60K
Pension plan contributionsLn 8$2K$2K
Other employee benefitsLn 9$16K$16K
Payroll taxesLn 10$5K$5K
Management feesLn 11a$64K$64K
Accounting feesLn 11c$13K$13K
Advertising and promotionLn 12$32$32
Office expensesLn 13$25K$25K
Information technologyLn 14$11K$11K
OccupancyLn 16$254K$253K$263
TravelLn 17$77$77
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$89K$89K
Other expenses (24a–d)Ln 24$50K$50K
Total functional expensesLn 25$594K$475K$119K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $513K$594K−$81K−$1.3M 990 PDF
FY2023 $497K$632K−$135K−$1.2M 990 PDF
FY2022 $484K$557K−$73K−$1.1M 990 PDF
FY2021 $450K$520K−$70K−$998K 990 PDF
FY2020 $476K$530K−$55K−$929K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $512,897 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $284,531$279,139
I-9 Program service revenuePrior year $211,151$232,792
I-10 Investment incomePrior year $1,117$966
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $496,799$512,897
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $96,232$82,669
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $535,952$511,424
I-18 Total expensesPrior year $632,184$594,093
I-19 Revenue less expensesPrior year −$135,385−$81,196
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $512,897 across 5 lines filed
VIII-1e Government grants$279,139
VIII-1h Total contributions, gifts and grants$279,139
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $232,792$232,792
VIII-3 Investment incomeExcluded from tax $966$966
VIII-12 Total revenueRelated to mission $232,792 · Unrelated business $0 · Excluded from tax $966$512,897
Part IX · Statement of functional expenses $594,093 across 15 lines filed
IX-7 Other salaries and wagesPrograms $59,700$59,700
IX-8 Pension plan contributionsPrograms $1,727$1,727
IX-9 Other employee benefitsPrograms $15,947$15,947
IX-10 Payroll taxesPrograms $5,295$5,295
IX-11a Management feesManagement $64,033$64,033
IX-11c Accounting feesManagement $12,690$12,690
IX-12 Advertising and promotionManagement $32$32
IX-13 Office expensesManagement $25,051$25,051
IX-14 Information technologyManagement $11,173$11,173
IX-16 OccupancyPrograms $253,350 · Management $263$253,613
IX-17 TravelManagement $77$77
IX-19 Conferences, conventions and meetingsManagement $2,378$2,378
IX-20 InterestManagement $2,970$2,970
IX-22 Depreciation, depletion and amortizationPrograms $89,470$89,470
IX-24 Other expenses (24a–d)Programs $49,937$49,937
IX-25 Total functional expensesPrograms $475,426 · Management $118,667 · Fundraising $0$594,093
Part X · Balance sheet $1,735,172 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $137,364$23,161
X-4 Accounts receivableStart of year $24,615$34
X-9 Prepaid expenses and deferred chargesStart of year $79,201$87,155
X-10c Land, buildings and equipment, netStart of year $1,546,021$1,467,334
X-13 Program-related investmentsStart of year $0$139,328
X-15 Other assetsStart of year $17,190$18,160
X-16 Total assetsStart of year $1,804,391$1,735,172
X-17 Accounts payable and accrued expensesStart of year $259,959$270,488
X-19 Deferred revenueStart of year $97$671
X-25 Other liabilitiesStart of year $17,079$17,953
X-26 Total liabilitiesStart of year $3,011,385$3,023,362
X-27 Net assets without donor restrictionsStart of year −$1,206,994−$1,288,190
X-32 Total net assets or fund balancesStart of year −$1,206,994−$1,288,190
X-33 Total liabilities and net assetsStart of year $1,804,391$1,735,172
Part XI · Reconciliation of net assets −$1,288,190 net assets at year end
XI-1 Total revenue$512,897
XI-2 Total expenses$594,093
XI-3 Revenue less expenses−$81,196
XI-4 Net assets at start of year−$1,206,994
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,288,190

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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