philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Wesley Tower INC FY2024 filing

Tax-deductible

Pasadena, CA501(c)(3)HousingEIN 95-3918349Revenue $2.7M in FY2024

On file with the IRSPo Box 7070, 91109-7070 · Pasadena, CATax-exempt since Mar 1985Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

To provide low income housing to elderly and handicapped persons.

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

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
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
6 of 6
filings with a surplus
Average surplus $952K a year · 41% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 11.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.9M
53% of total assets
Fine: liabilities are 53% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+13% vs prior year
Spent
$1.4M
To programs
78%
Net assets
$4.4M
By yearFY2020–FY2025
Revenue
$2.7M
FY2024▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$2.2M
FY2022$2.3M
FY2023$2.4M
FY2024$2.7M
FY2025$2.8M
Expenses
$1.4M
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$1.3M
FY2023$1.4M
FY2024$1.4M
FY2025$1.6M
Net assets
$4.4M
FY2024▲ +40%
Tap a bar for its year
Net assets by fiscal year
FY2020$266K
FY2021$1.2M
FY2022$2.2M
FY2023$3.1M
FY2024$4.4M
FY2025$5.6M

From the FY2024 Form 990 (year ending March 2024) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 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 Mar 1985.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $1.1M Management & general 22% · $312K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Elvan Moen
President
$0Pt VII · Sec A
Jane Casey
Treasurer
$0Pt VII · Sec A
Lisa Fike
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Brian Casey
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Wesley Tower INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable housing for elderly and disabled individuals.

Questions for Wesley Tower INC

Tap to ask. Wesley Tower INC sees how many people are interested.

Your first name shows with your question. Wesley Tower INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $1.1M · in their own filed words · FY2023
01

The organization is a non-profit apartment complex renting to low income, handicapped or elderly persons. The operations are regulated and controlled by U.S. Dept. Of hud. A coin operated laundry facility is provided.

$1.1Mprogram 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
Wesley Homes INCFY2024$7K
Total grants receivedfrom 1 funder$7K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.0M
Fees for servicesLn 2g$455K
Investment incomeLn 3$232K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.1M
Managementcol C$312K
Owns and owesPt X
$4.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$9.3M
LiabilitiesLn 26$4.9M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Government grantsLn 1e$2.0M
Fees for servicesLn 2g$455K
Investment incomeLn 3$232K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$4.1M
Land, buildings, equipmentLn 10c$2.3M
Other assetsLn 15$1.5M
Total assetsLn 16$9.3M
LiabilitiesLn 26$4.9M
Net assetsLn 32$4.4M
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$756K$1.4M
InvestmentsLn 11–13$3.5M$4.1M
Land, buildings, equipmentLn 10c$2.5M$2.3M
Total assetsLn 16$8.2M$9.3M
LiabilitiesLn 26$5.0M$4.9M
Net assetsLn 32$3.1M$4.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$210K$100K$110K
Other employee benefitsLn 9$15K$7K$8K
Payroll taxesLn 10$17K$8K$9K
Management feesLn 11a$98K$98K
Accounting feesLn 11c$40K$40K
Office expensesLn 13$12K$12K
InterestLn 20$184K$184K
Depreciation, depletion and amortizationLn 22$222K$222K
InsuranceLn 23$53K$53K
Other expenses (24a–d)Ln 24$470K$470K
All other expensesLn 24e$112K$76K$37K
Total functional expensesLn 25$1.4M$1.1M$312K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.8M$1.6M$1.2M$5.6M 990 PDF
FY2024 Viewing $2.7M$1.4M$1.3M$4.4M 990 PDF
FY2023 $2.4M$1.4M$981K$3.1M 990 PDF
FY2022 $2.3M$1.3M$957K$2.2M 990 PDF
FY2021 $2.2M$1.3M$940K$1.2M 990 PDF
FY2020 $1.6M$1.3M$337K$266K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 $2,693,882 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,906,201$2,006,778
I-9 Program service revenuePrior year $415,359$455,268
I-10 Investment incomePrior year $59,224$231,836
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,380,784$2,693,882
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 $223,928$241,567
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,175,705$1,189,786
I-18 Total expensesPrior year $1,399,633$1,431,353
I-19 Revenue less expensesPrior year $981,151$1,262,529
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $2,693,882 across 5 lines filed
VIII-1e Government grants$2,006,778
VIII-1h Total contributions, gifts and grants$2,006,778
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $455,268$455,268
VIII-3 Investment incomeExcluded from tax $231,836$231,836
VIII-12 Total revenueRelated to mission $455,268 · Unrelated business $0 · Excluded from tax $231,836$2,693,882
Part IX · Statement of functional expenses $1,431,353 across 11 lines filed
IX-7 Other salaries and wagesPrograms $100,438 · Management $109,650$210,088
IX-9 Other employee benefitsPrograms $6,989 · Management $7,629$14,618
IX-10 Payroll taxesPrograms $8,061 · Management $8,800$16,861
IX-11a Management feesManagement $97,529$97,529
IX-11c Accounting feesManagement $39,578$39,578
IX-13 Office expensesManagement $11,822$11,822
IX-20 InterestPrograms $183,993$183,993
IX-22 Depreciation, depletion and amortizationPrograms $221,746$221,746
IX-23 InsurancePrograms $52,559$52,559
IX-24 Other expenses (24a–d)Programs $470,062$470,062
IX-24e All other expensesPrograms $75,861 · Management $36,636$112,497
IX-25 Total functional expensesPrograms $1,119,709 · Management $311,644 · Fundraising $0$1,431,353
Part X · Balance sheet $9,331,065 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $756,427$1,377,751
X-9 Prepaid expenses and deferred chargesStart of year $20,443$24,026
X-10c Land, buildings and equipment, netStart of year $2,523,471$2,301,725
X-13 Program-related investmentsStart of year $3,500,000$4,094,051
X-15 Other assetsStart of year $1,357,254$1,533,512
X-16 Total assetsStart of year $8,157,595$9,331,065
X-17 Accounts payable and accrued expensesStart of year $63,226$80,915
X-25 Other liabilitiesStart of year $35,482$36,423
X-26 Total liabilitiesStart of year $5,012,842$4,923,783
X-27 Net assets without donor restrictionsStart of year $3,144,753$4,407,282
X-32 Total net assets or fund balancesStart of year $3,144,753$4,407,282
X-33 Total liabilities and net assetsStart of year $8,157,595$9,331,065
Part XI · Reconciliation of net assets $4,407,282 net assets at year end
XI-1 Total revenue$2,693,882
XI-2 Total expenses$1,431,353
XI-3 Revenue less expenses$1,262,529
XI-4 Net assets at start of year$3,144,753
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,407,282

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.