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Nonprofiteer
← WESLEY WOODS INC

Form 990 for tax year 2023

Filed by WESLEY WOODS INC.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$730,281
Total liabilities, end of year
$172,011
Net assets or fund balances, end of year
$558,270
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $354,500 · end of year $354,500

  • 2 · Savings and temporary cash investments

    beginning of year $30,345 · end of year $30,345

  • 4 · Accounts receivable

    beginning of year $26,453 · end of year $26,453

  • 8 · Inventories for sale or use

    beginning of year $888 · end of year $888

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,604 · end of year $22,604

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

    $984,850

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

    $691,284

  • 10c · Land, buildings and equipment, net

    beginning of year $293,566 · end of year $293,566

  • 15 · Other assets

    beginning of year $1,925 · end of year $1,925

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,438 · end of year $36,438

  • 25 · Other liabilities

    beginning of year $135,573 · end of year $135,573

  • 27 · Net assets without donor restrictions

    beginning of year $556,345 · end of year $556,345

  • 28 · Net assets with donor restrictions

    beginning of year $1,925 · end of year $1,925

Mission and programs · 2023

Mission

OUR MISSION IS TO CREATE COMMUNITIES OF CONNECTION, WELL-BEING, AND PROMISE.

Activities or mission (Part I)

OUR MISSION IS TO CREATE COMMUNITIES OF CONNECTION, WELL-BEING AND PROMISE

  • WESLEY WOODS, INC. DEVELOPS AND PROVIDES SERVICE SUPPORT VIA COVENANTS AND RESTRICTIONS FOR 60 INDIVIDUAL FEE SIMPLE COTTAGE HOMES IN A RETIREMENT COMMUNITY SETTING IN SCENIC BLAIRSVILLE, GA. 100% OF THE COTTAGE HOMES ARE OCCUPIED.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brandon Valasek

    CFO & SECRETARY/TREASURER

    Total calculated
    $338,649
    From this org
    $0
    From related orgs
    $315,578
    Other
    $23,071
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $315,578 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,620 related
    Nontaxable benefits
    $0 + $8,451 related
    Filer's total
    $0 + $338,649 related

  • Lauri Ann Brooks

    DIRECTOR, VPO

    Total calculated
    $238,993
    From this org
    $0
    From related orgs
    $220,288
    Other
    $18,705
    Hours/week
    12 + 28 related

    Schedule J breakdown matched by us

    Base
    $0 + $220,288 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,265 related
    Nontaxable benefits
    $0 + $8,440 related
    Filer's total
    $0 + $238,993 related

  • Terry Barcroft

    PRESIDENT & CEO

    Total calculated
    $202,385
    From this org
    $0
    From related orgs
    $180,019
    Other
    $22,366
    Hours/week
    13 + 27 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,019 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,620 related
    Nontaxable benefits
    $0 + $13,746 related
    Filer's total
    $0 + $202,385 related

  • John Ethridge

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Diane Vaughan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • WESLEY WOODS MANAGEMENT CORPORTATION INC

    C · CCRC MANAGEMENT SERVICES · GA

Provenance

Return type
form_990
Tax year
2023
Filed
15 July 2025
IRS schema version
2023v6.0
Source object
202511969349302336

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