Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $7,000

• 2a · Program service revenue: HEALTH CENTER

  total $8,036,198 · related or exempt $8,036,198

• 2b · Program service revenue: INDEPENDENT LIVING

  total $6,257,529 · related or exempt $6,257,529

• 2c · Program service revenue: ENTRY FEE AMORTIZATION

  total $4,087,052 · related or exempt $4,087,052

• 2d · Program service revenue: PERSONAL CARE

  total $1,801,111 · related or exempt $1,801,111

• 2e · Program service revenue: ASSESSMENT REVENUE

  total $41,855 · related or exempt $41,855

• 3 · Investment income

  total $886,335 · excluded $886,335

• 6a · Gross rents

  real property $7,146

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $7,146

• 6d · Net rental income or loss

  total $7,146 · excluded $7,146

• 7a · Gross sales of assets other than inventory

  securities $1,206,187

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

  securities $1,091,923

• 7c · Gain or loss

  securities $114,264

• 7d · Net gain or loss

  total $114,264 · excluded $114,264

• 11a · Other revenue: COMPANION REVENUE

  total $166,359 · excluded $166,359

• 11b · Other revenue: DINING REVENUE

  total $145,852 · excluded $145,852

• 11c · Other revenue: THERAPIST OUTSOURCING

  total $48,145 · excluded $48,145

• 11d · All other revenue

  total $18,286 · excluded $18,286

• 11e · Other revenue, total

  $378,642

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $87,664 · program services $87,664

• 5 · Compensation of officers, directors and key employees

  total $286,569 · program services $286,569

• 7 · Other salaries and wages

  total $8,135,487 · program services $7,189,050 · management and general $946,437

• 8 · Pension plan contributions

  total $221,986 · program services $206,974 · management and general $15,012

• 9 · Other employee benefits

  total $890,493 · program services $883,103 · management and general $7,390

• 10 · Payroll taxes

  total $716,190 · program services $579,790 · management and general $136,400

• 11a · Fees: management

  total $2,562,044 · management and general $2,562,044

• 11c · Fees: accounting

  total $26,517 · management and general $26,517

• 11f · Fees: investment management

  total $16,183 · management and general $16,183

• 11g · Fees: other

  total $986,255 · program services $814,907 · management and general $171,348

• 12 · Advertising and promotion

  total $102,999 · management and general $102,999

• 13 · Office expenses

  total $587,619 · program services $554,969 · management and general $32,650

• 16 · Occupancy

  total $1,259,274 · program services $1,238,654 · management and general $20,620

• 17 · Travel

  total $10,966 · program services $1,345 · management and general $9,621

• 20 · Interest

  total $994,287 · program services $795,430 · management and general $198,857

• 22 · Depreciation, depletion and amortization

  total $1,621,308 · program services $1,297,046 · management and general $324,262

• 23 · Insurance

  total $124,882 · management and general $124,882

• 24a · Other expenses: FOOD

  total $814,967 · program services $814,967

• 24b · Other expenses: MEDICAL SUPPLIES

  total $280,108 · program services $280,108

• 24c · Other expenses: BAD DEBT EXPENSE

  total $74,996 · management and general $74,996

• 24d · Other expenses: BOOKS

  total $22,754 · program services $4,027 · management and general $18,727

• 24e · All other expenses

  total $44,155 · program services $31,379 · management and general $12,776

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $275,575 · end of year $731,633

• 4 · Accounts receivable

  beginning of year $575,949 · end of year $527,325

• 9 · Prepaid expenses and deferred charges

  beginning of year $220,857 · end of year $220,240

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

  $34,120,916

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

  $14,997,364

• 10c · Land, buildings and equipment, net

  beginning of year $19,566,703 · end of year $19,123,552

• 11 · Investments: publicly traded securities

  beginning of year $17,478,291 · end of year $19,448,452

• 15 · Other assets

  beginning of year $22,484,349 · end of year $24,283,076

• 17 · Accounts payable and accrued expenses

  beginning of year $2,229,837 · end of year $2,295,945

• 19 · Deferred revenue

  beginning of year $16,133,885 · end of year $17,325,130

• 20 · Tax-exempt bond liabilities

  beginning of year $19,323,254 · end of year $18,950,074

• 21 · Escrow or custodial account liability

  beginning of year $419,257 · end of year $331,230

• 25 · Other liabilities

  beginning of year $627,194 · end of year $664,797

• 27 · Net assets without donor restrictions

  beginning of year $21,868,297 · end of year $24,767,102

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION FOR THE CEO AND HIS DIRECT REPORTS IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE WESLEY ENHANCED LIVING BOARD OF DIRECTORS. THE ORGANIZATION ANNUALLY ANALYZES DATA FROM THE FORMS 990 OF COMPETITIVE SIMILARLY SIZED, SIMILARLY LOCATED AGING SERVICES ORGANIZATIONS SUPPLEMENTED BY SALARY SURVEYS PROVIDED BY MEMBERSHIP ORGANIZATIONS AND PERIODICALLY BY 3RD PARTY CONSULTANTS.

PART I, LINE 7

THE ORGANIZATION PROVIDES BONUSES TO KEY EXECUTIVES ON A DISCRETIONARY BASIS. THE BOARD OF DIRECTORS ESTABLISHES AND APPROVES A BONUS POOL WHICH REPRESENTS THE MOST THE EMPLOYEES MAY RECEIVE BASED UPON A PERCENTAGE OF THEIR BASE PAY AND SETS THE AWARD FOR THE PRESIDENT/CEO. THE PRESIDENT IS THEN TASKED WITH CONFERRING BONUSES ON OTHER ELIGIBLE EMPLOYEES BASED UPON THE MAXIMUM PERCENTAGE THAT HAS ALREADY BEEN DETERMINED BY THE BOARD.