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Nonprofiteer
← WESLEY WOODS OF NEWNAN-PEACHTREE CITY INC

Form 990 for tax year 2024

Filed by WESLEY WOODS OF NEWNAN-PEACHTREE CITY INC.

Totals

Total revenue
$11,852,844
Total expenses
$12,336,951
Contributions and grants received
$172,791
Grants paid
$0
Program service revenue
$11,347,725
Investment income
$263,270
Other revenue
$69,058
Total assets, end of year
$27,033,667
Total liabilities, end of year
$36,299,442
Net assets or fund balances, end of year
-$9,265,775
Program services expenses (Part IX)
$10,501,528
Management and general expenses
$1,835,423
Fundraising expenses
$0
Program service expenses (Part III)
$10,501,528

Program services were 85.1% 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

    $172,791

  • 2a · Program service revenue: Rentals and Services

    total $11,347,725 · related or exempt $11,347,725

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $191,802 · excluded $191,802

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $71,468

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

    other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $71,468

  • 7d · Net gain or loss

    total $71,468 · excluded $71,468

  • 11a · Other revenue: Vending, parking, meals, and other

    total $69,058 · excluded $69,058

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $69,058

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $171,107 · program services $136,886 · management and general $34,221

  • 7 · Other salaries and wages

    total $3,108,334 · program services $2,605,619 · management and general $502,715

  • 8 · Pension plan contributions

    total $96,096 · program services $80,484 · management and general $15,612

  • 9 · Other employee benefits

    total $487,492 · program services $408,700 · management and general $78,792

  • 10 · Payroll taxes

    total $230,776 · program services $193,843 · management and general $36,933

  • 11a · Fees: management

    total $558,856 · management and general $558,856

  • 11b · Fees: legal

    total $37,402 · management and general $37,402

  • 11c · Fees: accounting

    total $24,753 · management and general $24,753

  • 11f · Fees: investment management

    total $13,751 · management and general $13,751

  • 11g · Fees: other

    total $518,770 · program services $444,378 · management and general $74,392 · fundraising $0

  • 12 · Advertising and promotion

    total $128,178 · program services $102,766 · management and general $25,412

  • 13 · Office expenses

    total $291,384 · program services $235,030 · management and general $56,354

  • 14 · Information technology

    total $90,358 · program services $72,287 · management and general $18,071

  • 16 · Occupancy

    total $3,344,309 · program services $3,119,309 · management and general $225,000

  • 17 · Travel

    total $22,798 · program services $456 · management and general $22,342

  • 22 · Depreciation, depletion and amortization

    total $1,685,018 · program services $1,651,334 · management and general $33,684

  • 23 · Insurance

    total $324,953 · program services $315,564 · management and general $9,389

  • 24a · Other expenses: Food Costs

    total $748,638 · program services $733,665 · management and general $14,973

  • 24b · Other expenses: Repairs & maintenance

    total $234,324 · program services $187,460 · management and general $46,864

  • 24c · Other expenses: Supplies

    total $211,258 · program services $207,030 · management and general $4,228

  • 24d · Other expenses: Uniforms

    total $4,212 · program services $3,370 · management and general $842

  • 24e · All other expenses

    total $4,184 · program services $3,347 · management and general $837 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $405,763 · end of year $99,012

  • 2 · Savings and temporary cash investments

    beginning of year $3,015,199 · end of year $2,272,370

  • 4 · Accounts receivable

    beginning of year $60,105 · end of year $81,373

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $39,535 · end of year $39,515

  • 9 · Prepaid expenses and deferred charges

    beginning of year $448,492 · end of year $300,402

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

    $45,279,060

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

    $25,873,677

  • 10c · Land, buildings and equipment, net

    beginning of year $19,748,000 · end of year $19,405,383

  • 11 · Investments: publicly traded securities

    beginning of year $3,916,941 · end of year $4,389,630

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $464,407 · end of year $445,982

  • 17 · Accounts payable and accrued expenses

    beginning of year $843,829 · end of year $1,813,789

  • 19 · Deferred revenue

    beginning of year $2,850,734 · end of year $3,209,275

  • 20 · Tax-exempt bond liabilities

    beginning of year $14,952,491 · end of year $14,027,899

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $65,810 · end of year $33,895

  • 25 · Other liabilities

    beginning of year $18,415,166 · end of year $17,214,584

  • 27 · Net assets without donor restrictions

    beginning of year -$9,493,995 · end of year -$9,711,757

  • 28 · Net assets with donor restrictions

    beginning of year $464,407 · end of year $445,982

Mission and programs · 2024

Mission

Our mission is to create communities of connection, well-being, and promise.

  • Wesley Woods of Newnan-Peachtree City's mission is to create communities of connection, well-being and promise. It operates an excellent Lifeplan community offering residential, retirement, dining, housekeeping, life enrichment and wellness programming, personal care, skilled care, along with food services and activities in a community setting. The project consists of 84 independent-living, 45 personal-care and memory-care, and 23 skilled-care units with an average occupancy rate of 85.66 percent as of August 31, 2025.

    Expenses $10,501,528 · Revenue $11,347,725

As filed on the 2024 return.

Listed in Part VII

  • Lauri Ann Brooks

    Director, VPO

    Total calculated
    $244,596
    From this org
    $0
    From related orgs
    $224,451
    Other
    $20,145
    Hours/week
    16 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,451 related
    Bonus
    $0 + $16,000 related
    Other
    $0
    Deferred
    $0 + $10,733 related
    Nontaxable benefits
    $0 + $9,412 related
    Filer's total
    $0 + $244,596 related

  • Terry Barcroft

    President & CEO

    Total calculated
    $348,845
    From this org
    $0
    From related orgs
    $324,346
    Other
    $24,499
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $299,346 related
    Bonus
    $0 + $25,000 related
    Other
    $0
    Deferred
    $0 + $15,012 related
    Nontaxable benefits
    $0 + $9,487 related
    Filer's total
    $0 + $348,845 related

  • Tom Jackson

    Chair

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Diane Vaughan

    Director

    Total calculated
    $233,712
    From this org
    $0
    From related orgs
    $207,288
    Other
    $26,424
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,288 related
    Bonus
    $0 + $20,000 related
    Other
    $0
    Deferred
    $0 + $10,065 related
    Nontaxable benefits
    $0 + $16,359 related
    Filer's total
    $0 + $233,712 related

  • Brandon Valasek

    CFO & Secretary/Treasurer

    Total calculated
    $231,476
    From this org
    $0
    From related orgs
    $207,374
    Other
    $24,102
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,374 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $8,156 related
    Nontaxable benefits
    $0 + $15,946 related
    Filer's total
    $0 + $231,476 related

  • Michael Barry

    Executive Director

    Total calculated
    $80,641
    From this org
    $76,747
    From related orgs
    $0
    Other
    $3,894
    Hours/week
    40

  • Beth Tripp

    Manager, Sales & Marketing

    Total calculated
    $137,707
    From this org
    $116,175
    From related orgs
    $0
    Other
    $21,532
    Hours/week
    40

  • Freda Butler

    Director of Nursing

    Total calculated
    $114,705
    From this org
    $113,135
    From related orgs
    $0
    Other
    $1,570
    Hours/week
    40

  • Robin Mason

    LPN

    Total calculated
    $135,708
    From this org
    $121,168
    From related orgs
    $0
    Other
    $14,540
    Hours/week
    40

  • Sheron Stevenson

    Assistant Administrator

    Total calculated
    $165,294
    From this org
    $149,341
    From related orgs
    $0
    Other
    $15,953
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,341
    Bonus
    $0
    Other
    $0
    Deferred
    $7,586
    Nontaxable benefits
    $8,367
    Filer's total
    $165,294

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.

  • Wesley Homes Inc

    501(c)(3) · Low income Senior Housing · GA

    Directly controlled by Wesley Woods Senior Living Inc

  • Wesley Woods Inc

    501(c)(3) · Develop & maintain retirement cottages · GA

    Directly controlled by Wesley Woods Senior Living Inc

  • Wesley Woods of Athens Inc

    501(c)(3) · Continuing care retirement center · GA

    Directly controlled by Wesley Woods Senior Living Inc

  • Wesley Woods Senior Living Inc

    501(c)(3) · Administrative support of exempt organizations · GA

    Directly controlled by NA

  • Wesley Woods at Home Inc

    501(c)(3) · Home Care Services · GA

    Directly controlled by NA

  • Foundation of Wesley Woods Inc

    501(c)(3) · Supporting Organization · GA

    Directly controlled by NA

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 Corporation · CCRC management services · GA

    Directly controlled by Wesley Wood Senior Living Inc

Provenance

Return type
form_990
Tax year
2024
Filed
15 July 2026
IRS schema version
2024v5.1
Source object
202631969349300803

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