Wesley Housing Development Corporation: Nonprofit Profile, Financials & Form 990 (EIN 51-0155779)

Revenue by fiscal year
FY2020	$16.8M
FY2021	$12.1M
FY2022	$11.2M
FY2023	$14.0M
FY2024	$13.4M

Expenses by fiscal year
FY2020	$8.2M
FY2021	$7.4M
FY2022	$10.2M
FY2023	$14.9M
FY2024	$13.7M

Net assets by fiscal year
FY2020	$30.6M
FY2021	$33.4M
FY2022	$26.8M
FY2023	$25.9M
FY2024	$25.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1975.

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

Where the money goes

92 cents of each dollar spent went to programs.

92%

Program services 92% · $12.7M Management & general 7% · $936K Fundraising 1% · $142K

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

24 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation

Kamilah McAfee

President, CEO

$270,674Pt VII · Sec A

Chris Cherry

CFO

$209,160Pt VII · Sec A

Judith Cabelli

VP of Real Estate

$195,325Pt VII · Sec A

Mary Kathleen Mejasich

COO, Director of External

$188,785Pt VII · Sec A

Oludolapo George

VP, Asset Management

$164,571Pt VII · Sec A

Frank Mooney

President, Property Manage

$163,221Pt VII · Sec A

Lisa Davis

VP, Property Management

$141,812Pt VII · Sec A

Mati Jones

VP, Human Resources

$136,692Pt VII · Sec A

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

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Kamilah McAfee	$270,674	$268,165	$207,500	$194,231	$184,615
Shelley Murphy	—	$77,043	$245,000	$258,963	$218,025
Chris Cherry	$209,160	$237,791	$211,000	$207,115	$234,615
Mary Kathleen Mejasich	$188,785	$198,339	$177,692	$177,692	$159,639
Judith Cabelli	$195,325	$197,829	$117,692	—	—
Frank Mooney	$163,221	$187,084	$186,923	$179,846	$175,615
Oludolapo George	$164,571	$163,437	—	—	—
Rosa Estrada	—	—	—	$163,798	$152,597

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

Develops, owns, and manages affordable housing while providing supportive tenant services for low-income individuals, seniors, and people with disabilities in the DC area.

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Provided by the organization

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1 program · $12.7M · in their own filed words · FY2024

01

Through ownership and management in affordable housing projects, the corporation provided affordable housing to low income individuals, seniors, and persons with disabilities. The corporation also provided tenant services to these individuals.

$12.7Mprogram 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

Enterprise Community Partners INCFY2025$60K

The Community Foundation of the Northern Shenandoah ValleyFY2025$8K

Helen Wardman Naselli Memorial FundFY2025$8K

Total grants receivedfrom 3 funders$76K

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By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$13.4M

Ln 12

Gifts and grantsLn 1h$5.9M

Fees for servicesLn 2g$5.5M

Investment incomeLn 3$2.1M

Money outPt IX

$13.7M

Ln 25

Programscol B$12.7M

Managementcol C$936K

Fundraisingcol D$142K

Owns and owesPt X

$25.6M

net assets · Ln 32

Cash and savingsLn 1–2$7.0M

Total assetsLn 16$74.6M

LiabilitiesLn 26$49.0M

PeoplePt VI, VII

24

listed · VII A

PaidVII A9

Voting boardVI 1a13

IndependentVI 1b12

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$5.9M

Government grantsLn 1e$4.5M

Fees for servicesLn 2g$5.5M

Investment incomeLn 3$2.1M

Gains on assetsLn 7$1.2M

Total revenueLn 12$13.4M

Assets in detailPt X, end of year

CashLn 1$2.1M

SavingsLn 2$4.9M

Cash and savings togetherLn 1–2$7.0M

InvestmentsLn 11–13−$16.3M

Land, buildings, equipmentLn 10c$37.4M

Other assetsLn 15$8.6M

Total assetsLn 16$74.6M

LiabilitiesLn 26$49.0M

Net assetsLn 32$25.6M

OperationsPt I, VI

EmployeesI 5120

VolunteersI 60

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$3.2M	$7.0M
InvestmentsLn 11–13	−$15.6M	−$16.3M
Land, buildings, equipmentLn 10c	$43.4M	$37.4M
Total assetsLn 16	$84.5M	$74.6M
LiabilitiesLn 26	$58.6M	$49.0M
Net assetsLn 32	$25.9M	$25.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$1.3M	$1.2M	$122K	$31K
Pay of disqualified personsLn 6	$3.2M	$2.8M	$299K	$77K
Pension plan contributionsLn 8	$62K	$57K	$5K	$125
Other employee benefitsLn 9	$501K	$442K	$47K	$12K
Payroll taxesLn 10	$373K	$329K	$35K	$9K
Management feesLn 11a	$481K	$101K	$371K	$9K
Legal feesLn 11b	$29K	$11K	$17K	$422
Accounting feesLn 11c	$132K	$132K
Office expensesLn 13	$257K	$257K
OccupancyLn 16	$876K	$863K	$10K	$3K
TravelLn 17	$14K	$14K
InterestLn 20	$1.6M	$1.6M
Depreciation, depletion and amortizationLn 22	$722K	$722K
Other expenses (24a–d)Ln 24	$3.9M	$3.8M	$29K	$827
All other expensesLn 24e	$283K	$283K
Total functional expensesLn 25	$13.7M	$12.7M	$936K	$142K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$13.4M	$13.7M	−$284K	$25.6M	990 PDF
FY2023	$14.0M	$14.9M	−$946K	$25.9M	990 PDF
FY2022	$11.2M	$10.2M	$1.1M	$26.8M	990 PDF
FY2021	$12.1M	$7.4M	$4.7M	$33.4M	990 PDF
FY2020	$16.8M	$8.2M	$8.6M	$30.6M	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 $13,444,497 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $8,676,495$5,886,873

I-9 Program service revenuePrior year $4,430,676$5,464,784

I-10 Investment incomePrior year $865,007$2,092,840

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $13,972,178$13,444,497

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 $6,465,818$5,455,690

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $8,452,093$8,272,529

I-18 Total expensesPrior year $14,917,911$13,728,219

I-19 Revenue less expensesPrior year −$945,733−$283,722

Part VI · Governance 12 of 13 board members independent, no flags

VI-1a Voting members of the governing body13

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 $13,444,497 across 8 lines filed

Lines not itemized here account for $109,737 of total revenue; see the IRS return.

VIII-1d Related organizations$123,157

VIII-1e Government grants$4,520,963

VIII-1f All other contributions, gifts and grants$1,242,753

VIII-1h Total contributions, gifts and grants$5,886,873

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,355,047$5,355,047

VIII-3 Investment incomeUnrelated business $208,923 · Excluded from tax $637,107$846,030

VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,246,810$1,246,810

VIII-12 Total revenueRelated to mission $5,464,784 · Unrelated business $208,923 · Excluded from tax $1,883,917$13,444,497

Part IX · Statement of functional expenses $13,728,219 across 15 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $1,157,923 · Management $122,116 · Fundraising $31,004$1,311,043

IX-6 Pay of disqualified personsPrograms $2,832,210 · Management $299,391 · Fundraising $77,234$3,208,835

IX-8 Pension plan contributionsPrograms $56,970 · Management $5,306 · Fundraising $125$62,401

IX-9 Other employee benefitsPrograms $442,072 · Management $46,622 · Fundraising $11,837$500,531

IX-10 Payroll taxesPrograms $329,330 · Management $34,732 · Fundraising $8,818$372,880

IX-11a Management feesPrograms $100,820 · Management $371,196 · Fundraising $8,968$480,984

IX-11b Legal feesPrograms $10,963 · Management $17,457 · Fundraising $422$28,842

IX-11c Accounting feesPrograms $132,305$132,305

IX-13 Office expensesPrograms $256,706$256,706

IX-16 OccupancyPrograms $862,535 · Management $10,390 · Fundraising $2,638$875,563

IX-17 TravelPrograms $13,785$13,785

IX-20 InterestPrograms $1,612,711$1,612,711

IX-22 Depreciation, depletion and amortizationPrograms $721,509$721,509

IX-24 Other expenses (24a–d)Programs $3,837,568 · Management $28,510 · Fundraising $827$3,866,905

IX-24e All other expensesPrograms $283,219$283,219

IX-25 Total functional expensesPrograms $12,650,626 · Management $935,720 · Fundraising $141,873$13,728,219

Part X · Balance sheet $74,633,429 assets, 16 lines filed

Asset lines not itemized here account for $35,033,555; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $1,173,589$2,127,838

X-2 Savings and temporary cash investmentsStart of year $2,074,983$4,871,263

X-4 Accounts receivableStart of year $4,485,914$2,751,743

X-10c Land, buildings and equipment, netStart of year $43,426,251$37,435,419

X-13 Program-related investmentsStart of year −$15,576,927−$16,327,767

X-14 Intangible assetsStart of year $67,948$143,542

X-15 Other assetsStart of year $14,393,760$8,597,836

X-16 Total assetsStart of year $84,503,367$74,633,429

X-17 Accounts payable and accrued expensesStart of year $290,012$315,686

X-19 Deferred revenueStart of year $1,383,329$2,441,335

X-25 Other liabilitiesStart of year $2,693,153$2,807,869

X-26 Total liabilitiesStart of year $58,609,201$49,022,985

X-27 Net assets without donor restrictionsStart of year $25,273,065$21,116,306

X-28 Net assets with donor restrictionsStart of year $621,101$4,494,138

X-32 Total net assets or fund balancesStart of year $25,894,166$25,610,444

X-33 Total liabilities and net assetsStart of year $84,503,367$74,633,429

Part XI · Reconciliation of net assets $25,610,444 net assets at year end

XI-1 Total revenue$13,444,497

XI-2 Total expenses$13,728,219

XI-3 Revenue less expenses−$283,722

XI-4 Net assets at start of year$25,894,166

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$25,610,444

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

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