Skip to content
Nonprofiteer
← WESLEY RETIREMENT SERVICES INC

Form 990 for tax year 2022

Filed by WESLEY RETIREMENT SERVICES INC.

Totals

Total revenue
$92,590,271
Total expenses
$98,213,703
Contributions and grants received
$2,423,926
Grants paid
$0
Program service revenue
$90,336,775
Investment income
-$170,430
Other revenue
$0
Total assets, end of year
$290,600,326
Total liabilities, end of year
$277,730,947
Net assets or fund balances, end of year
$12,869,379
Program services expenses (Part IX)
$89,837,774
Management and general expenses
$7,613,447
Fundraising expenses
$762,482
Program service expenses (Part III)
$89,837,774

Program services were 91.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $633,528

  • 1f · All other contributions, gifts and grants

    $1,790,398

  • 1g · Noncash contributions included above

    $29,306

  • 2a · Program service revenue: HEALTH CARE SERVICES

    total $74,639,920 · related or exempt $74,639,920

  • 2b · Program service revenue: OTHER RESIDENT SERVICES

    total $14,849,802 · related or exempt $14,849,802

  • 2c · Program service revenue: MEALS INCOME

    total $847,053 · related or exempt $847,053

  • 3 · Investment income

    total -$891,181 · excluded -$891,181

  • 7a · Gross sales of assets other than inventory

    securities $12,413,306 · other assets $532,419

  • 7b · Less cost or other basis and sales expenses

    securities $12,224,974 · other assets $0

  • 7c · Gain or loss

    securities $188,332 · other assets $532,419

  • 7d · Net gain or loss

    total $720,751 · excluded $720,751

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,232,475 · program services $924,358 · management and general $308,117

  • 7 · Other salaries and wages

    total $46,013,969 · program services $42,267,829 · management and general $3,380,518 · fundraising $365,622

  • 8 · Pension plan contributions

    total $779,583 · program services $718,856 · management and general $54,403 · fundraising $6,324

  • 9 · Other employee benefits

    total $4,715,946 · program services $4,332,952 · management and general $345,477 · fundraising $37,517

  • 10 · Payroll taxes

    total $3,059,964 · program services $2,799,002 · management and general $237,206 · fundraising $23,756

  • 11b · Fees: legal

    total $12,290 · program services $11,242 · management and general $953 · fundraising $95

  • 11c · Fees: accounting

    total $3,500 · program services $3,202 · management and general $271 · fundraising $27

  • 11f · Fees: investment management

    total $18,974 · program services $17,356 · management and general $1,471 · fundraising $147

  • 11g · Fees: other

    total $3,621,558 · program services $3,312,702 · management and general $280,740 · fundraising $28,116

  • 12 · Advertising and promotion

    total $592,856 · program services $542,295 · management and general $45,958 · fundraising $4,603

  • 13 · Office expenses

    total $300,698 · program services $275,053 · management and general $23,310 · fundraising $2,335

  • 14 · Information technology

    total $1,412,959 · program services $1,292,458 · management and general $109,531 · fundraising $10,970

  • 16 · Occupancy

    total $8,592,573 · program services $7,859,775 · management and general $666,089 · fundraising $66,709

  • 17 · Travel

    total $227,380 · program services $207,989 · management and general $17,626 · fundraising $1,765

  • 19 · Conferences, conventions and meetings

    total $313,568 · program services $286,826 · management and general $24,308 · fundraising $2,434

  • 20 · Interest

    total $5,079,160 · program services $4,645,996 · management and general $393,732 · fundraising $39,432

  • 22 · Depreciation, depletion and amortization

    total $12,050,598 · program services $11,022,890 · management and general $934,153 · fundraising $93,555

  • 23 · Insurance

    total $1,352,024 · program services $1,236,720 · management and general $104,808 · fundraising $10,496

  • 24a · Other expenses: FOOD

    total $5,252,648 · program services $4,804,688 · management and general $407,181 · fundraising $40,779

  • 24b · Other expenses: SUPPLIES & EQUIPMENT

    total $1,898,164 · program services $1,736,284 · management and general $147,144 · fundraising $14,736

  • 24c · Other expenses: MEDICAL SUPPLIES

    total $777,919 · program services $711,576 · management and general $60,304 · fundraising $6,039

  • 24d · Other expenses: EMPLOYEE RECRUITING

    total $754,474 · program services $690,131 · management and general $58,486 · fundraising $5,857

  • 24e · All other expenses

    total $150,423 · program services $137,594 · management and general $11,661 · fundraising $1,168

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,997,205 · end of year $3,017,950

  • 2 · Savings and temporary cash investments

    beginning of year $7,543,726 · end of year $3,494,589

  • 3 · Pledges and grants receivable

    beginning of year $626,622 · end of year $331,625

  • 4 · Accounts receivable

    beginning of year $4,800,752 · end of year $5,130,790

  • 8 · Inventories for sale or use

    beginning of year $400,377 · end of year $476,179

  • 9 · Prepaid expenses and deferred charges

    beginning of year $276,601 · end of year $300,623

  • 10a · Land, buildings and equipment: cost or other basis

    $337,071,931

  • 10b · Land, buildings and equipment: accumulated depreciation

    $134,995,311

  • 10c · Land, buildings and equipment, net

    beginning of year $182,709,227 · end of year $202,076,620

  • 11 · Investments: publicly traded securities

    beginning of year $75,124,749 · end of year $42,055,088

  • 12 · Investments: other securities

    beginning of year $2,524,409 · end of year $15,689,439

  • 15 · Other assets

    beginning of year $16,959,140 · end of year $18,027,423

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,971,859 · end of year $7,078,577

  • 19 · Deferred revenue

    beginning of year $18,968,359 · end of year $17,713,603

  • 20 · Tax-exempt bond liabilities

    beginning of year $133,534,733 · end of year $153,100,744

  • 21 · Escrow or custodial account liability

    beginning of year $95,263,166 · end of year $96,879,094

  • 23 · Secured mortgages and notes payable

    beginning of year $6,729,437 · end of year $1,370,311

  • 25 · Other liabilities

    beginning of year $1,350,640 · end of year $1,588,618

  • 27 · Net assets without donor restrictions

    beginning of year $11,827,333 · end of year -$1,842,551

  • 28 · Net assets with donor restrictions

    beginning of year $21,317,281 · end of year $14,711,930

Mission and programs · 2022

Mission

GUIDED BY CHRISTIAN COMPASSION, WESLEYLIFE SUPPORTS THE INDEPENDENCE, HEALTH, AND WELL-BEING OF OLDER ADULTS WHEREVER THEY CALL HOME. AS A NON-PROFIT ORGANIZATION, WE UNDERSTAND OUR RESPONSIBILITY AND OBLIGATION TO OPERATE WITH TRANSPARENCY, HONESTY, AND INTEGRITY IN ALL WE DO. OUR ORGANIZATIONAL CORE VALUES ARE QUALITY, EXCELLENCE, HOSPITALITY AND INNOVATION. WE ARE COMMITTED TO BE GOOD STEWARDS OF OUR RESIDENTS' RESOURCES TO IMPROVE THE LIVES OF THOSE WE SERVE.

Activities or mission (Part I)

PROVIDING HOUSING, HEALTH CARE, AND SUPPORT SERVICES FOR OLDER ADULTS.

  • WESLEY RETIREMENT SERVICES WAS ESTABLISHED IN 1947 AS A FAITH-BASED NON-PROFIT ORGANIZATION AND HAS SINCE DEDICATED ITSELF TO PROVIDING HOUSING, HEALTHCARE, AND SUPPORT SERVICES TO OLDER ADULTS IN WAYS THAT ENHANCE THE WELL-BEING OF THOSE WE SERVE. WESLEYLIFE IS THE SOLE MEMBER OF WRS AND OF WESLEY COMMUNITY SERVICES, INC. (WCS), WHICH PROVIDES HOME AND COMMUNITY-BASED SERVICES. WRS IS A 501(C)(3) NON-PROFIT ORGANIZATION THAT OWNS AND OPERATES EIGHT COMMUNITIES FOR HEALTHY LIVING THAT OFFER A FULL CONTINUUM OF WELLNESS SERVICES. THOSE COMMUNITIES ARE: WESLEY ON GRAND IN DES MOINES; HALCYON HOUSE IN WASHINGTON; HERITAGE HOUSE IN ATLANTIC; THE VILLAGE IN INDIANOLA; PARK CENTRE IN NEWTON; EDGEWATER IN WEST DES MOINES; HEARTHSTONE IN PELLA AND BRIO OF JOHNSTON IN JOHNSTON, IOWA.OUR COMMUNITY BENEFITS FROM 2022 INCLUDE:- ACROSS THE ORGANIZATION, OVER 200 RESIDENTS WHO DEPLETED THEIR FINANCIAL RESOURCES THROUGH NO FAULT OF THEIR OWN RECEIVED A TOTAL OF $4,376,783 IN CHARITABLE ASSISTANCE THROUGH GOOD SAMARITAN OR GOOD SHEPHERD FUNDS TO ALLOW THEM TO REMAIN IN THEIR APARTMENTS OR TOWNHOMES. - IN 2022, IN INCREASING OUR REACH TO UNDERSERVED COMMUNITY MEMBERS, MEDICAID DAYS INCREASED BY 13% OVER LAST YEAR TO 54,385 DAYS.- COMMUNITY MEMBERS PARTICIPATED IN VARIOUS SUPPORT GROUPS OFFERED AT OUR COMMUNITIES, INCLUDING GROUPS FOR THOSE LIVING WITH ALZHEIMER'S DISEASE AND OTHER DEMENTIAS AS WELL AS CANCER AND PARKINSON'S DISEASE, AND SEVERAL OF OUR COMMUNITIES ALSO OFFER ROCK STEADY BOXING, A NATIONALLY RECOGNIZED CURRICULUM THAT CAN SLOW THE PROGRESSION OF PARKINSON'S. GROUPS ARE ALSO OPEN TO RESIDENTS' CAREGIVERS AND LOVED ONES. - WE OFFERED LUNCH-AND-LEARNS AND OTHER EDUCATIONAL PROGRAMMING DESIGNED TO PROMOTE HEALTH AND WELL-BEING AMONG OUR RESIDENTS, CLIENTS, AND TEAM MEMBERS. - MORE THAN 330 VOLUNTEERS PROVIDED MORE THAN 11,000 VOLUNTEER HOURS TO RESIDENTS, CLIENTS, AND TEAM MEMBERS- AS WE ARE INTEGRATED MEMBERS OF THE GREATER COMMUNITIES IN WHICH WE ARE LOCATED, OUR IMPACT DOES NOT STOP AT OUR DOORS. WE COLLECTED AND DONATED CLOTHING, COATS, BOOKS, HOUSEHOLD AND CLEANING SUPPLIES, PET FOOD, AND MORE TO AREA CHARITIES.

    Expenses $89,837,774 · Revenue $90,336,775

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rob Kretzinger

    PRESIDENT & CEO

    Total calculated
    $881,774
    From this org
    $533,720
    From related orgs
    $287,387
    Other
    $60,667
    Hours/week
    26 + 14 related

    Schedule J breakdown matched by us

    Base
    $402,175 + $216,555 related
    Bonus
    $115,663 + $62,280 related
    Other
    $15,882 + $8,552 related
    Deferred
    $17,550 + $9,450 related
    Nontaxable benefits
    $21,884 + $11,783 related
    Filer's total
    $573,154 + $308,620 related

  • Craig Flanagan

    CFO

    Total calculated
    $342,206
    From this org
    $201,455
    From related orgs
    $108,475
    Other
    $32,276
    Hours/week
    26 + 14 related

    Schedule J breakdown matched by us

    Base
    $196,001 + $105,539 related
    Bonus
    $65 + $35 related
    Other
    $5,389 + $2,901 related
    Deferred
    $6,122 + $3,296 related
    Nontaxable benefits
    $14,858 + $8,000 related
    Filer's total
    $222,435 + $119,771 related

  • Erin Hilligan

    COO

    Total calculated
    $342,328
    From this org
    $188,602
    From related orgs
    $101,555
    Other
    $52,171
    Hours/week
    26 + 14 related

    Schedule J breakdown matched by us

    Base
    $187,249 + $100,827 related
    Bonus
    $0
    Other
    $1,353 + $728 related
    Deferred
    $14,424 + $7,766 related
    Nontaxable benefits
    $19,488 + $10,493 related
    Filer's total
    $222,514 + $119,814 related

  • Damon Buskohl

    WESLEY ACRES EXECUTIVE DIRECTOR

    Total calculated
    $237,765
    From this org
    $197,954
    From related orgs
    $0
    Other
    $39,811
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,478
    Bonus
    $0
    Other
    $476
    Deferred
    $6,139
    Nontaxable benefits
    $33,672
    Filer's total
    $237,765

  • Glen Lewis

    EDGEWATER EXECUTIVE DIRECTOR

    Total calculated
    $199,123
    From this org
    $169,113
    From related orgs
    $0
    Other
    $30,010
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,662
    Bonus
    $0
    Other
    $451
    Deferred
    $5,164
    Nontaxable benefits
    $24,846
    Filer's total
    $199,123

  • Nancy Blowers-Hamilton

    COTTAGES EXECUTIVE DIRECTOR

    Total calculated
    $182,571
    From this org
    $143,751
    From related orgs
    $0
    Other
    $38,820
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,291
    Bonus
    $0
    Other
    $1,460
    Deferred
    $4,513
    Nontaxable benefits
    $34,307
    Filer's total
    $182,571

  • Peter Gray

    HERITAGE HOUSE EXECUTIVE DIRECTOR

    Total calculated
    $173,479
    From this org
    $140,540
    From related orgs
    $0
    Other
    $32,939
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,628
    Bonus
    $0
    Other
    $912
    Deferred
    $4,302
    Nontaxable benefits
    $28,637
    Filer's total
    $173,479

  • Chris Marshall

    HALCYON HOUSE EXECUTIVE DIRECTOR

    Total calculated
    $166,669
    From this org
    $141,109
    From related orgs
    $0
    Other
    $25,560
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,339
    Bonus
    $0
    Other
    $1,770
    Deferred
    $4,244
    Nontaxable benefits
    $21,316
    Filer's total
    $166,669

  • Teresa Krueger

    BRIO EXECUTIVE DIRECTOR

    Total calculated
    $133,466
    From this org
    $125,542
    From related orgs
    $0
    Other
    $7,924
    Hours/week
    40

  • Heather Venz-Frank

    THE VILLAGE EXECUTIVE DIRECTOR

    Total calculated
    $129,524
    From this org
    $124,522
    From related orgs
    $0
    Other
    $5,002
    Hours/week
    40

  • Chad Rasmussen

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Susan Osweiler

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Kevin Lagree

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Kip Albertson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Abbey Gilroy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Nick Henderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Barbara Decker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Bob Ruch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • David Stout

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Dr Christina Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
ROB KRETZINGER, PRESIDENT & CEO, RECEIVED $3,000 FOR SOCIAL CLUB DUES; THIS BENEFIT WAS INCLUDED IN HIS TAXABLE W-2 COMPENSATION.
PART I, LINE 3
WESLEYLIFE DETERMINES THE CEO'S COMPENSATION. WESLEYLIFE, WCS AND WRS HAVE THE SAME BOARD MEMBERS. SEE SCHEDULE O FOR THE NARRATIVE RELATED TO FORM 990, PART VI, LINE 15 FOR FURTHER INFORMATION.
PART I, LINE 4B
THE FOLLOWING INDIVIDUAL MADE CONTRIBUTIONS TO THEIR 457(F) DEFERRED COMPENSATION PLAN IN 2022: ERIN HILLIGAN - $15,000 JANET SIMPSON - $15,000 CRAIG FLANAGAN - $10,000 KRISTY VANDERWIEL - $20,000 AMY HUTCHINS - $10,000

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • EDGEWATER A WESLEY ACTIVE LIVE COMMUNITY LLC

    LONG TERM CARE · IA · income $21,078,935 · assets $91,546,610

    Directly controlled by WESLEY RETIREMENT SERVICES INC

  • HEARTHSTONE A MINISTRY OF WESLEYLIFE LLC

    LONG TERM CARE · IA · income $11,628,429 · assets $31,124,454

    Directly controlled by WESLEY RETIREMENT SERVICES INC

  • BRIO OF JOHNSTON LLC

    LONG TERM CARE · IA · income $9,256,731 · assets $28,832,583

    Directly controlled by WESLEY RETIREMENT SERVICES INC

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313199349329411

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.