Skip to content
Nonprofiteer
← WESLEY WOODS OF ATHENS INC

Form 990 for tax year 2022

Filed by WESLEY WOODS OF ATHENS INC.

Totals

Total revenue
$4,115,561
Total expenses
$3,929,822
Contributions and grants received
$223,590
Grants paid
$0
Program service revenue
$3,870,243
Investment income
$636
Other revenue
$21,092
Total assets, end of year
$5,006,538
Total liabilities, end of year
$8,615,928
Net assets or fund balances, end of year
-$3,609,390
Program services expenses (Part IX)
$3,361,012
Management and general expenses
$568,810
Fundraising expenses
$0
Program service expenses (Part III)
$3,361,012

Program services were 85.5% 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.

  • 1d · Related organizations

    $223,590

  • 2a · Program service revenue: RENTALS AND SERVICES

    total $3,870,243 · related or exempt $3,870,243

  • 3 · Investment income

    total $636 · excluded $636

  • 11a · Other revenue: FOOD SERVICES, FEES, M

    total $14,116 · excluded $14,116

  • 11b · Other revenue: GUEST SERVICES

    total $6,976 · excluded $6,976

  • 11e · Other revenue, total

    $21,092

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $157,942 · program services $126,354 · management and general $31,588

  • 7 · Other salaries and wages

    total $1,122,074 · program services $950,904 · management and general $171,170

  • 8 · Pension plan contributions

    total $31,344 · program services $26,760 · management and general $4,584

  • 9 · Other employee benefits

    total $187,348 · program services $159,045 · management and general $28,303

  • 10 · Payroll taxes

    total $99,918 · program services $84,089 · management and general $15,829

  • 11a · Fees: management

    total $160,265 · management and general $160,265

  • 11b · Fees: legal

    total $14,772 · management and general $14,772

  • 11c · Fees: accounting

    total $22,900 · management and general $22,900

  • 11f · Fees: investment management

    total $3,225 · management and general $3,225

  • 11g · Fees: other

    total $172,859 · program services $169,212 · management and general $3,647

  • 12 · Advertising and promotion

    total $95,191 · program services $75,462 · management and general $19,729

  • 13 · Office expenses

    total $59,962 · program services $48,285 · management and general $11,677

  • 14 · Information technology

    total $15,326 · program services $12,260 · management and general $3,066

  • 16 · Occupancy

    total $707,150 · program services $671,087 · management and general $36,063

  • 17 · Travel

    total $3,626 · program services $73 · management and general $3,553

  • 19 · Conferences, conventions and meetings

    total $19,604 · program services $19,190 · management and general $414

  • 22 · Depreciation, depletion and amortization

    total $299,809 · program services $294,891 · management and general $4,918

  • 23 · Insurance

    total $87,299 · program services $85,553 · management and general $1,746

  • 24a · Other expenses: FOOD COSTS

    total $416,467 · program services $407,681 · management and general $8,786

  • 24b · Other expenses: SUPPLIES

    total $143,877 · program services $140,987 · management and general $2,890

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $84,204 · program services $67,363 · management and general $16,841

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $8,894 · program services $7,115 · management and general $1,779

  • 24e · All other expenses

    total $15,766 · program services $14,701 · management and general $1,065

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,306,059 · end of year $85,533

  • 4 · Accounts receivable

    beginning of year $9,180 · end of year $16,078

  • 8 · Inventories for sale or use

    beginning of year $18,859 · end of year $14,739

  • 9 · Prepaid expenses and deferred charges

    beginning of year $82,470 · end of year $75,999

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

    $7,831,008

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

    $4,668,234

  • 10c · Land, buildings and equipment, net

    beginning of year $2,967,729 · end of year $3,162,774

  • 11 · Investments: publicly traded securities

    end of year $1,000,636

  • 15 · Other assets

    beginning of year $639,684 · end of year $650,779

  • 17 · Accounts payable and accrued expenses

    beginning of year $455,003 · end of year $543,126

  • 19 · Deferred revenue

    beginning of year $251,099 · end of year $218,386

  • 20 · Tax-exempt bond liabilities

    beginning of year $2,688,562 · end of year $2,572,564

  • 23 · Secured mortgages and notes payable

    beginning of year $44,850 · end of year $18,756

  • 25 · Other liabilities

    beginning of year $5,540,157 · end of year $5,263,096

  • 27 · Net assets without donor restrictions

    beginning of year -$3,961,050 · end of year -$3,612,616

  • 28 · Net assets with donor restrictions

    beginning of year $5,360 · end of year $3,226

Mission and programs · 2022

Mission

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

  • WESLEY WOODS OF ATHENS, INC. OPERATES AN EXCELLENT CONTINUING CARE RETIREMENT COMMUNITY OFFERING RESIDENTIAL, RETIREMENT, DINING, HOUSEKEEPING, LIFE ENRICHMENT AND WELLNESS PROGRAMMING, 24 HOUR STAFFED EMERGENCY RESPONSE AND PRIVATE LICENSED PERSONAL CARE. THE PROJECT HAS 46 INDEPENDENT LIVING APARTMENTS AND 36 PERSONAL CARE APARTMENT HOMES AVAILABLE WITH AN AVERAGE OCCUPANCY RATE OF 90.24% AS OF 08/31/23.

    Expenses $3,361,012 · Revenue $3,870,243

As filed on the 2022 return.

Listed in Part VII

  • Terry Barcroft

    PRESIDENT & CEO

    Total calculated
    $322,076
    From this org
    $0
    From related orgs
    $298,303
    Other
    $23,773
    Hours/week
    13 + 27 related

    Schedule J breakdown matched by us

    Base
    $0 + $298,303 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,955 related
    Nontaxable benefits
    $0 + $8,818 related
    Filer's total
    $0 + $322,076 related

  • Lauri Ann Brooks

    DIRECTOR, VPO

    Total calculated
    $227,508
    From this org
    $0
    From related orgs
    $208,347
    Other
    $19,161
    Hours/week
    12 + 28 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,347 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,417 related
    Nontaxable benefits
    $0 + $8,744 related
    Filer's total
    $0 + $227,508 related

  • Brandon Valasek

    CFO & SECRETARY/TREASURER

    Total calculated
    $176,660
    From this org
    $0
    From related orgs
    $167,784
    Other
    $8,876
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,784 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $400 related
    Nontaxable benefits
    $0 + $8,476 related
    Filer's total
    $0 + $176,660 related

  • Dana Chandler

    EXECUTIVE DIRECTOR

    Total calculated
    $155,643
    From this org
    $129,875
    From related orgs
    $0
    Other
    $25,768
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,875
    Bonus
    $0
    Other
    $0
    Deferred
    $6,494
    Nontaxable benefits
    $19,274
    Filer's total
    $155,643

  • 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 CORPORATION INC

    C · CCRC MANAGEMENT SERVICES · GA

Provenance

Return type
form_990
Tax year
2022
Filed
12 July 2024
IRS schema version
2022v5.0
Source object
202441949349301674

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.