Wesley Acres INC FY2022 filing

Tax-deductible

Mitchell, SD501(c)(3)EIN 46-6017601Revenue $375K in FY2022

On file with the IRSwesleyacresmitchell.com1115 W Havens Ave, 57301-4108 · Mitchell, SDTax-exempt since Nov 1966Publicly supported — 509(a)(2)

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To provide affordable retirement housing

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $31K a year · 7% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$39K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$375K
-18% vs prior year
Spent
$478K
To programs
89%
Net assets
$569K
By yearFY2020–FY2025
Revenue
$375K
FY2022▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2020$395K
FY2021$457K
FY2022$375K
FY2023$446K
FY2024$498K
FY2025$511K
Expenses
$478K
FY2022▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$467K
FY2021$443K
FY2022$478K
FY2023$549K
FY2024$478K
FY2025$455K
Net assets
$569K
FY2022▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2020$658K
FY2021$672K
FY2022$569K
FY2023$466K
FY2024$486K
FY2025$542K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1966.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $426K Management & general 11% · $52K

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

17 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023
Priscilla Stevenson$56,422$62,000$60,000

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 affordable housing for seniors.

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Provided by the organization

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2 programs · $426K · in their own filed words · FY2022
01

Housing for the Elderly

Provides affordable housing for approximately 100 elderly persons in accordance with section 202 of the housing act of 1959.

$426Kprogram expense
02

Laundry & Housekeeping

Provide laundry and housekeeping services for the residents twice weekly.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$375K
Ln 12
Fees for servicesLn 2g$374K
Investment incomeLn 3$2K
Money outPt IX
$478K
Ln 25
Programscol B$426K
Managementcol C$52K
Owns and owesPt X
$569K
net assets · Ln 32
Cash and savingsLn 1–2$124K
Total assetsLn 16$608K
LiabilitiesLn 26$39K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$374K
Investment incomeLn 3$2K
Total revenueLn 12$375K
Assets in detailPt X, end of year
CashLn 1$97K
SavingsLn 2$26K
Cash and savings togetherLn 1–2$124K
Land, buildings, equipmentLn 10c$480K
Other assetsLn 15$46
Total assetsLn 16$608K
LiabilitiesLn 26$39K
Net assetsLn 32$569K
OperationsPt I, VI
EmployeesI 53
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$156K$124K
Land, buildings, equipmentLn 10c$547K$480K
Total assetsLn 16$704K$608K
LiabilitiesLn 26$32K$39K
Net assetsLn 32$672K$569K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$140K$140K
Pension plan contributionsLn 8$5K$3K$2K
Other employee benefitsLn 9$28K$17K$11K
Payroll taxesLn 10$17K$10K$7K
Legal feesLn 11b$1K$1K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$31K$31K
Depreciation, depletion and amortizationLn 22$75K$75K
Other expenses (24a–d)Ln 24$174K$174K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$478K$426K$52K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $511K$455K$57K$542K 990 PDF
FY2024 $498K$478K$19K$486K 990 PDF
FY2023 $446K$549K−$103K$466K 990 PDF
FY2022 Viewing $375K$478K−$103K$569K 990 PDF
FY2021 $457K$443K$14K$672K 990 PDF
FY2020 $395K$467K−$73K$658K 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 FY2022 990 (6 parts)
Part I · Summary $375,173 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $100,000$0
I-9 Program service revenuePrior year $356,804$373,503
I-10 Investment incomePrior year $414$1,670
I-11 Other revenue$0
I-12 Total revenuePrior year $457,218$375,173
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $174,449$189,970
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $268,634$288,126
I-18 Total expensesPrior year $443,083$478,096
I-19 Revenue less expensesPrior year $14,135−$102,923
Part VI · Governance 16 of 16 board members independent, 3 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $375,173 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $373,503$373,503
VIII-3 Investment incomeExcluded from tax $1,670$1,670
VIII-12 Total revenueRelated to mission $373,503 · Excluded from tax $1,670$375,173
Part IX · Statement of functional expenses $478,096 across 10 lines filed
IX-7 Other salaries and wagesPrograms $140,154$140,154
IX-8 Pension plan contributionsPrograms $3,181 · Management $2,120$5,301
IX-9 Other employee benefitsPrograms $16,519 · Management $11,012$27,531
IX-10 Payroll taxesPrograms $10,190 · Management $6,794$16,984
IX-11b Legal feesManagement $1,304$1,304
IX-12 Advertising and promotionPrograms $1,357$1,357
IX-13 Office expensesManagement $30,915$30,915
IX-22 Depreciation, depletion and amortizationPrograms $74,706$74,706
IX-24 Other expenses (24a–d)Programs $173,763$173,763
IX-24e All other expensesPrograms $6,081$6,081
IX-25 Total functional expensesPrograms $425,951 · Management $52,145 · Fundraising $0$478,096
Part X · Balance sheet $607,846 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $128,893$97,386
X-2 Savings and temporary cash investmentsStart of year $26,848$26,153
X-4 Accounts receivableStart of year $935$4,699
X-10c Land, buildings and equipment, netStart of year $547,291$479,562
X-15 Other assetsStart of year $411$46
X-16 Total assetsStart of year $704,378$607,846
X-17 Accounts payable and accrued expensesStart of year $9,621$16,012
X-25 Other liabilitiesStart of year $22,492$22,492
X-26 Total liabilitiesStart of year $32,113$38,504
X-27 Net assets without donor restrictionsStart of year $672,265$569,342
X-32 Total net assets or fund balancesStart of year $672,265$569,342
X-33 Total liabilities and net assetsStart of year $704,378$607,846
Part XI · Reconciliation of net assets $569,342 net assets at year end
XI-1 Total revenue$375,173
XI-2 Total expenses$478,096
XI-3 Revenue less expenses−$102,923
XI-4 Net assets at start of year$672,265
XI-10 Net assets at end of year$569,342

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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