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Nonprofiteer
← WESLEYAN RETIREMENT CENTER INC

Form 990 for tax year 2023

Filed by WESLEYAN RETIREMENT CENTER INC.

Totals

Total revenue
$4,557
Total expenses
$801,604
Contributions and grants received
$3,739
Grants paid
$797,047
Program service revenue
$0
Investment income
$818
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$797,047
Management and general expenses
$4,557
Fundraising expenses
$0
Program service expenses (Part III)
$797,047

Program services were 99.4% 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

    $3,739

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $818 · excluded $818

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $797,047 · program services $797,047

  • 11g · Fees: other

    total $4,557 · program services $0 · management and general $4,557 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $501,179 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $297,850 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,982

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $784,303

  • 28 · Net assets with donor restrictions

    beginning of year $12,744

Mission and programs · 2023

Mission

PROVIDING A SAFE CHRISTIAN COMMUNITY FOR THE AGED.

  • LEASE INCOME IS GENERATED BY LEASING ALL PROPERTY AND EQUIPMENT AND THE OPERATIONS OF THE COLONIAL OAKS HEALTH CARE CENTER. WESLEYAN RETIREMENT CENTER (WRC) ALSO LEASES THE REAL ESTATE, IMPROVEMENTS AND THE MANAGEMENT OF THE RETIREMENT APARTMENTS. LASTLY, WRC LEASE ALL PROPERTY AND EQUIPMENT AND THE OPERATION OF THE AVON HEALTH CARE AND REHABILITATION CENTER.

    Expenses $797,047 · Grants $797,047

As filed on the 2023 return.

Listed in Part VII

  • Elvin Weinmann

    Secretary/Treasurer

    Total calculated
    $113,853
    From this org
    $0
    From related orgs
    $93,759
    Other
    $20,094
    Hours/week
    3 + 37 related

  • John Jones

    Chairperson

    Total calculated
    $147,349
    From this org
    $0
    From related orgs
    $120,100
    Other
    $27,249
    Hours/week
    3 + 37 related

  • Jan Storey

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joel Gearhart

    Director

    Total calculated
    $0
    Hours/week
    1

  • Philip Caldwell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tom Phillippe

    Director

    Total calculated
    $0
    Hours/week
    1

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.

Grants 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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

4 distributions to recipients named as people, $1,594,094 in total. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202443169349301509

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