Wesley Retirement Services INC

Tax-deductible

Johnston, IA501(c)(3)Since 1947Human ServicesEIN 42-0680440Revenue $110.7M in FY2024

On file with the IRSwesleylife.org5508 Nw 88th St, 50131-3005 · Johnston, IATax-exempt since Jun 1950Publicly supported — 509(a)(2)

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Providing housing, health care, and support Services for older adults.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 198 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
4 of 5
filings with a surplus
Average surplus $1.6M a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.0M
to officers and key staff · 2% of spending
Top officer’s pay higher than 65% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$297.0M
90% of total assets
Concern: liabilities are 90% of assets; over 80%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$110.7M
+3% vs prior year
Spent
$108.7M
To programs
91%
Net assets
$32.3M
By yearFY2020–FY2024
Revenue
$110.7M
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$92.6M
FY2021$96.0M
FY2022$92.6M
FY2023$107.0M
FY2024$110.7M
Expenses
$108.7M
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$89.6M
FY2021$92.0M
FY2022$98.2M
FY2023$102.4M
FY2024$108.7M
Net assets
$32.3M
FY2024▲ +48%
Tap a bar for its year
Net assets by fiscal year
FY2020$31.6M
FY2021$33.1M
FY2022$12.9M
FY2023$21.9M
FY2024$32.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1950.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $99.5M Management & general 8% · $8.4M Fundraising 1% · $848K

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

22 people listed on the 990; $2.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$494,209Pt VII · Sec A
Wesley on Grand Executive Dir
$214,648Pt VII · Sec A
$213,057Pt VII · Sec A
$189,235Pt VII · Sec A
Cottages Executive Directo
$162,558Pt VII · Sec A
Heritage House Executive D
$151,874Pt VII · Sec A
The Village Executive Dire
$141,990Pt VII · Sec A
Edgewater Executive Direct
$140,232Pt VII · Sec A

Rob Kretzinger’s $494K as President & CEO is at the 65th percentile of top reported officer pay among 249 $100M+ human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Rob Kretzinger$494,209$466,793$533,720$440,202$747,992
Damon Buskohl$214,648$201,592$197,954$188,282$195,626
Allison Mercuris Pendroy$213,057$89,519———
Craig Flanagan$189,235$180,200$201,455$162,378$52,528
Shirley Ohene-Yeboah———$191,787—
Erin Hilligan——$188,602——
Glen Lewis—$175,122$169,113$156,725$158,483
Nancy Blowers-Hamilton$162,558$149,888$143,751$134,714$134,781

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Offers housing, healthcare, and support services to older adults.

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Provided by the organization

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1 program · $99.5M · in their own filed words · FY2024
01

Our Community Benefits from 2024 Include

-across the organization, nearly 400 residents who depleted their financial resources through no fault of their own received a total of $4,354,793 in charitable assistance through good samaritan or good shepherd funds to allow them to remain in their apartments or TOWNHOMES.WESLEYLLIFE wide tota charity care was $6,549,809.-IN 2024, in…

$99.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$110.7M
Ln 12
Fees for servicesLn 2g$105.6M
Investment incomeLn 3$3.2M
Gifts and grantsLn 1h$1.9M
Money outPt IX
$108.7M
Ln 25
Programscol B$99.5M
Managementcol C$8.4M
Fundraisingcol D$848K
Owns and owesPt X
$32.3M
net assets · Ln 32
Cash and savingsLn 1–2$8.6M
Total assetsLn 16$329.4M
LiabilitiesLn 26$297.0M
PeoplePt VI, VII
22
listed · VII A
PaidVII A10
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Fees for servicesLn 2g$105.6M
Investment incomeLn 3$3.2M
Gains on assetsLn 7$656K
Total revenueLn 12$110.7M
Assets in detailPt X, end of year
CashLn 1$5.2M
SavingsLn 2$3.4M
Cash and savings togetherLn 1–2$8.6M
InvestmentsLn 11–13$70.4M
Land, buildings, equipmentLn 10c$207.3M
Other assetsLn 15$34.9M
Total assetsLn 16$329.4M
LiabilitiesLn 26$297.0M
Net assetsLn 32$32.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6198
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$3.4M$8.6M
InvestmentsLn 11–13$68.5M$70.4M
Land, buildings, equipmentLn 10c$203.9M$207.3M
Total assetsLn 16$306.6M$329.4M
LiabilitiesLn 26$284.7M$297.0M
Net assetsLn 32$21.9M$32.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.4M$1.1M$354K
Other salaries and wagesLn 7$51.3M$47.1M$3.8M$409K
Pension plan contributionsLn 8$912K$850K$55K$8K
Other employee benefitsLn 9$6.4M$5.9M$469K$51K
Payroll taxesLn 10$3.8M$3.5M$298K$30K
Accounting feesLn 11c$4K$4K$302$30
Investment management feesLn 11f$17K$16K$1K$133
Other fees for servicesLn 11g$2.4M$2.2M$188K$19K
Advertising and promotionLn 12$513K$469K$40K$4K
Office expensesLn 13$1.4M$1.3M$108K$11K
Information technologyLn 14$1.8M$1.6M$139K$14K
OccupancyLn 16$8.8M$8.0M$678K$68K
TravelLn 17$216K$197K$17K$2K
Conferences, conventions and meetingsLn 19$273K$249K$21K$2K
InterestLn 20$5.8M$5.3M$452K$45K
Depreciation, depletion and amortizationLn 22$13.9M$12.7M$1.1M$108K
InsuranceLn 23$2.0M$1.8M$154K$15K
Other expenses (24a–d)Ln 24$7.3M$6.7M$568K$57K
All other expensesLn 24e$471K$430K$36K$4K
Total functional expensesLn 25$108.7M$99.5M$8.4M$848K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $110.7M$108.7M$2.0M$32.3M 990 PDF
FY2023 $107.0M$102.4M$4.6M$21.9M 990 PDF
FY2022 $92.6M$98.2M−$5.6M$12.9M 990 PDF
FY2021 $96.0M$92.0M$3.9M$33.1M 990 PDF
FY2020 $92.6M$89.6M$2.9M$31.6M 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 $110,706,755 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,944,007$1,908,392
I-9 Program service revenuePrior year $99,892,294$105,561,863
I-10 Investment incomePrior year $4,160,421$3,236,500
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $106,996,722$110,706,755
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 $58,115,421$63,848,042
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $44,284,093$44,890,071
I-18 Total expensesPrior year $102,399,514$108,738,113
I-19 Revenue less expensesPrior year $4,597,208$1,968,642
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $110,706,755 across 6 lines filed
VIII-1d Related organizations$1,908,392
VIII-1h Total contributions, gifts and grants$1,908,392
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $105,561,863$105,561,863
VIII-3 Investment incomeExcluded from tax $2,580,870$2,580,870
VIII-7 Net gain or loss on sales of assetsExcluded from tax $655,630$655,630
VIII-12 Total revenueRelated to mission $105,561,863 · Unrelated business $0 · Excluded from tax $3,236,500$110,706,755
Part IX · Statement of functional expenses $108,738,113 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $1,062,351 · Management $354,117$1,416,468
IX-7 Other salaries and wagesPrograms $47,089,844 · Management $3,772,685 · Fundraising $409,000$51,271,529
IX-8 Pension plan contributionsPrograms $849,709 · Management $54,653 · Fundraising $7,841$912,203
IX-9 Other employee benefitsPrograms $5,883,051 · Management $468,795 · Fundraising $51,184$6,403,030
IX-10 Payroll taxesPrograms $3,516,850 · Management $297,973 · Fundraising $29,989$3,844,812
IX-11c Accounting feesPrograms $3,567 · Management $302 · Fundraising $30$3,899
IX-11f Investment management feesPrograms $15,631 · Management $1,324 · Fundraising $133$17,088
IX-11g Other fees for servicesPrograms $2,221,233 · Management $188,199 · Fundraising $18,941$2,428,373
IX-12 Advertising and promotionPrograms $468,908 · Management $39,729 · Fundraising $3,999$512,636
IX-13 Office expensesPrograms $1,270,791 · Management $107,670 · Fundraising $10,837$1,389,298
IX-14 Information technologyPrograms $1,638,882 · Management $138,858 · Fundraising $13,975$1,791,715
IX-16 OccupancyPrograms $8,004,019 · Management $678,158 · Fundraising $68,253$8,750,430
IX-17 TravelPrograms $197,128 · Management $16,702 · Fundraising $1,681$215,511
IX-19 Conferences, conventions and meetingsPrograms $249,261 · Management $21,119 · Fundraising $2,126$272,506
IX-20 InterestPrograms $5,329,444 · Management $451,549 · Fundraising $45,446$5,826,439
IX-22 Depreciation, depletion and amortizationPrograms $12,721,237 · Management $1,077,835 · Fundraising $108,479$13,907,551
IX-23 InsurancePrograms $1,812,079 · Management $153,532 · Fundraising $15,452$1,981,063
IX-24 Other expenses (24a–d)Programs $6,698,312 · Management $567,529 · Fundraising $57,119$7,322,960
IX-24e All other expensesPrograms $430,453 · Management $36,478 · Fundraising $3,671$470,602
IX-25 Total functional expensesPrograms $99,462,750 · Management $8,427,207 · Fundraising $848,156$108,738,113
Part X · Balance sheet $329,365,593 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $1,882,820$5,196,924
X-2 Savings and temporary cash investmentsStart of year $1,488,560$3,405,007
X-3 Pledges and grants receivableStart of year $1,331,960$1,158,067
X-4 Accounts receivableStart of year $6,782,466$6,222,246
X-8 Inventories for sale or useStart of year $489,028$506,863
X-9 Prepaid expenses and deferred chargesStart of year $198,385$250,143
X-10c Land, buildings and equipment, netStart of year $203,860,028$207,293,295
X-11 Publicly traded securitiesStart of year $49,882,171$50,447,789
X-12 Other securitiesStart of year $18,650,164$19,949,659
X-15 Other assetsStart of year $22,013,321$34,935,600
X-16 Total assetsStart of year $306,578,903$329,365,593
X-17 Accounts payable and accrued expensesStart of year $6,214,619$11,821,474
X-19 Deferred revenueStart of year $19,046,272$20,209,211
X-20 Tax-exempt bond liabilitiesStart of year $155,902,188$151,036,385
X-25 Other liabilitiesStart of year $1,928,905$3,243,080
X-26 Total liabilitiesStart of year $284,700,142$297,019,067
X-27 Net assets without donor restrictionsStart of year $3,914,162$10,987,373
X-28 Net assets with donor restrictionsStart of year $17,964,599$21,359,153
X-32 Total net assets or fund balancesStart of year $21,878,761$32,346,526
X-33 Total liabilities and net assetsStart of year $306,578,903$329,365,593
Part XI · Reconciliation of net assets $32,346,526 net assets at year end
XI-1 Total revenue$110,706,755
XI-2 Total expenses$108,738,113
XI-3 Revenue less expenses$1,968,642
XI-4 Net assets at start of year$21,878,761
XI-5 Net unrealized gains (losses) on investments$4,826,875
XI-9 Other changes in net assets$3,672,248
XI-10 Net assets at end of year$32,346,526

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

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