Wesley Homes INC FY2020 filing

Tax-deductible

Atlanta, GA501(c)(3)Since 1962HousingEIN 58-0909393Revenue $13.3M in FY2020

On file with the IRSwesleywoods.org1817 Clifton Rd Ne, 30329-4021 · Atlanta, GATax-exempt since Mar 1961Publicly supported — 509(a)(2)

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Our mission is to create communities of connection, well-being and promise.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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 surplus $199K a year · 1% 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
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1.7M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$12.0M
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.3M
Spent
$13.4M
To programs
77%
Net assets
$7.4M
By yearFY2020–FY2025
Revenue
$13.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$13.3M
FY2021$13.7M
FY2022$14.6M
FY2023$14.2M
FY2024$15.0M
FY2025$17.4M
Expenses
$13.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$13.4M
FY2021$13.3M
FY2022$14.3M
FY2023$14.4M
FY2024$15.1M
FY2025$16.4M
Net assets
$7.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$7.4M
FY2021$7.8M
FY2022$8.1M
FY2023$7.9M
FY2024$7.8M
FY2025$8.7M

From the FY2020 Form 990 (year ending August 2020) · 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: FY2025. IRS ruling in Mar 1961.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $10.3M Management & general 23% · $3.1M

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President & CEO
$0Pt VII · Sec A
CFO & Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
CFO & Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Wesley Homes 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

Builds communities fostering connection, well-being, and promise for all.

Questions for Wesley Homes INC

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Provided by the organization

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1 program · $10.3M · in their own filed words · FY2019
01

Wesley homes, inc operates five apartment communities serving extremely low, low, and moderate income senior adults. These communities provide elders an opportunity to live independently with or without attendant care.

$10.3Mprogram 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 · FY2024
Total grants receivedfrom 1 funder$1.7M

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$13.3M
Ln 12
Fees for servicesLn 2g$12.3M
Gifts and grantsLn 1h$921K
Other incomeLn 4–11$69K
Money outPt IX
$13.4M
Ln 25
Programscol B$10.3M
Managementcol C$3.1M
Owns and owesPt X
$7.4M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$19.4M
LiabilitiesLn 26$12.0M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$921K
Fees for servicesLn 2g$12.3M
Investment incomeLn 3$5K
Other incomeLn 4–11$69K
Gains on assetsLn 7−$22K
Total revenueLn 12$13.3M
Assets in detailPt X, end of year
CashLn 1$2.2M
SavingsLn 2$501K
Cash and savings togetherLn 1–2$2.7M
Land, buildings, equipmentLn 10c$12.4M
Other assetsLn 15$3.9M
Total assetsLn 16$19.4M
LiabilitiesLn 26$12.0M
Net assetsLn 32$7.4M
OperationsPt I, VI
EmployeesI 592
VolunteersI 61,489
Fiscal year endsHeaderAugust
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 FY20End FY20
Cash and savingsLn 1–2$2.4M$2.7M
Land, buildings, equipmentLn 10c$10.4M$12.4M
Total assetsLn 16$16.8M$19.4M
LiabilitiesLn 26$9.3M$12.0M
Net assetsLn 32$7.5M$7.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$3.7M$2.7M$1.0M
Pension plan contributionsLn 8$134K$87K$48K
Other employee benefitsLn 9$639K$402K$236K
Payroll taxesLn 10$260K$183K$78K
Management feesLn 11a$768K$768K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$103K$103K
Other fees for servicesLn 11g$920K$879K$41K
Advertising and promotionLn 12$103K$103K
Office expensesLn 13$584K$418K$166K
Information technologyLn 14$25K$1K$24K
OccupancyLn 16$2.8M$2.8M$70K
TravelLn 17$36K$9K$27K
Conferences, conventions and meetingsLn 19$29K$8K$21K
InterestLn 20$12K$12K
Depreciation, depletion and amortizationLn 22$1.5M$1.5M
InsuranceLn 23$289K$86K$202K
Other expenses (24a–d)Ln 24$1.3M$1.3M$86K
All other expensesLn 24e$109K$28K$81K
Total functional expensesLn 25$13.4M$10.3M$3.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $17.4M$16.4M$950K$8.7M 990 PDF
FY2024 $15.0M$15.1M−$88K$7.8M 990 PDF
FY2023 $14.2M$14.4M−$228K$7.9M 990 PDF
FY2022 $14.6M$14.3M$270K$8.1M 990 PDF
FY2021 $13.7M$13.3M$386K$7.8M 990 PDF
FY2020 Viewing $13.3M$13.4M−$93K$7.4M 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 FY2020 990 (6 parts)
Part I · Summary $13,292,577 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,292,972$921,077
I-9 Program service revenuePrior year $12,271,204$12,302,119
I-10 Investment incomePrior year $15,002−$16,896
I-11 Other revenuePrior year $80,159$86,277
I-12 Total revenuePrior year $13,659,337$13,292,577
I-13 Grants and similar amounts paidPrior year $695,286$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,348,651$4,725,173
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,785,803$8,660,659
I-18 Total expensesPrior year $13,829,740$13,385,832
I-19 Revenue less expensesPrior year −$170,403−$93,255
Part VI · Governance 2 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
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 $13,292,577 across 7 lines filed
VIII-1d Related organizations$921,077
VIII-1h Total contributions, gifts and grants$921,077
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,302,119$12,302,119
VIII-3 Investment incomeExcluded from tax $5,123$5,123
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$22,019−$22,019
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $86,277$86,277
VIII-12 Total revenueRelated to mission $12,302,119 · Unrelated business $0 · Excluded from tax $69,381$13,292,577
Part IX · Statement of functional expenses $13,385,832 across 19 lines filed
IX-7 Other salaries and wagesPrograms $2,666,966 · Management $1,024,932$3,691,898
IX-8 Pension plan contributionsPrograms $86,530 · Management $47,588$134,118
IX-9 Other employee benefitsPrograms $402,395 · Management $236,288$638,683
IX-10 Payroll taxesPrograms $182,920 · Management $77,554$260,474
IX-11a Management feesManagement $767,812$767,812
IX-11b Legal feesManagement $1,993$1,993
IX-11c Accounting feesManagement $103,110$103,110
IX-11g Other fees for servicesPrograms $879,121 · Management $40,779$919,900
IX-12 Advertising and promotionManagement $102,622$102,622
IX-13 Office expensesPrograms $418,226 · Management $165,812$584,038
IX-14 Information technologyPrograms $1,361 · Management $24,017$25,378
IX-16 OccupancyPrograms $2,765,651 · Management $70,379$2,836,030
IX-17 TravelPrograms $8,725 · Management $27,336$36,061
IX-19 Conferences, conventions and meetingsPrograms $8,437 · Management $20,529$28,966
IX-20 InterestPrograms $11,667$11,667
IX-22 Depreciation, depletion and amortizationPrograms $1,498,288$1,498,288
IX-23 InsurancePrograms $86,110 · Management $202,500$288,610
IX-24 Other expenses (24a–d)Programs $1,260,341 · Management $86,346$1,346,687
IX-24e All other expensesPrograms $28,391 · Management $81,106$109,497
IX-25 Total functional expensesPrograms $10,305,129 · Management $3,080,703 · Fundraising $0$13,385,832
Part X · Balance sheet $19,426,961 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $1,857,165$2,207,427
X-2 Savings and temporary cash investmentsStart of year $500,588$500,867
X-4 Accounts receivableStart of year $66,728$35,731
X-8 Inventories for sale or useStart of year $71,018$66,782
X-9 Prepaid expenses and deferred chargesStart of year $252,591$281,351
X-10c Land, buildings and equipment, netStart of year $10,362,801$12,418,537
X-15 Other assetsStart of year $3,728,676$3,916,266
X-16 Total assetsStart of year $16,839,567$19,426,961
X-17 Accounts payable and accrued expensesStart of year $758,019$1,088,606
X-19 Deferred revenueStart of year $42,509$33,062
X-24 Unsecured notes and loans payableStart of year $325,000$325,000
X-25 Other liabilitiesStart of year $69,566$0
X-26 Total liabilitiesStart of year $9,314,903$11,994,879
X-27 Net assets without donor restrictionsStart of year $7,119,707$6,988,657
X-28 Net assets with donor restrictionsStart of year $404,957$443,425
X-32 Total net assets or fund balancesStart of year $7,524,664$7,432,082
X-33 Total liabilities and net assetsStart of year $16,839,567$19,426,961
Part XI · Reconciliation of net assets $7,432,082 net assets at year end
XI-1 Total revenue$13,292,577
XI-2 Total expenses$13,385,832
XI-3 Revenue less expenses−$93,255
XI-4 Net assets at start of year$7,524,664
XI-5 Net unrealized gains (losses) on investments$673
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,432,082

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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