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Nonprofiteer
← WESLEY VILLAGE INC

Form 990 for tax year 2024

Filed by WESLEY VILLAGE INC.

Totals

Total revenue
$463,263
Total expenses
$514,466
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$463,243
Investment income
$20
Other revenue
$0
Total assets, end of year
$1,608,219
Total liabilities, end of year
$2,368,559
Net assets or fund balances, end of year
-$760,340
Program services expenses (Part IX)
$437,136
Management and general expenses
$77,330
Fundraising expenses
$0
Program service expenses (Part III)
$437,136

Program services were 85.0% 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.

  • 2a · Program service revenue: TENANT RENTS

    total $205,198 · related or exempt $205,198

  • 2b · Program service revenue: TENANT ASSISTANCE PAYM

    total $204,663 · related or exempt $204,663

  • 2c · Program service revenue: OTHER INCOME

    total $78,415 · related or exempt $78,415

  • 2d · Program service revenue: LESS VACANCIES

    total -$25,033 · related or exempt -$25,033

  • 3 · Investment income

    total $20 · excluded $20

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $118,680 · program services $103,314 · management and general $15,366

  • 11g · Fees: other

    total $61,460 · management and general $61,460

  • 12 · Advertising and promotion

    total $174 · management and general $174

  • 13 · Office expenses

    total $6,390 · program services $6,060 · management and general $330

  • 16 · Occupancy

    total $93,776 · program services $93,776

  • 20 · Interest

    total $108,930 · program services $108,930

  • 22 · Depreciation, depletion and amortization

    total $106,628 · program services $106,628

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $18,362 · program services $18,362

  • 24b · Other expenses: HOUSEKEEPING SUPPLIES

    total $66 · program services $66

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200 · end of year $420

  • 2 · Savings and temporary cash investments

    beginning of year $53,260 · end of year $59,817

  • 4 · Accounts receivable

    beginning of year $388 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,583 · end of year $2,279

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

    $4,256,946

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

    $2,711,243

  • 10c · Land, buildings and equipment, net

    beginning of year $1,547,367 · end of year $1,545,703

  • 17 · Accounts payable and accrued expenses

    beginning of year $292,290 · end of year $329,340

  • 23 · Secured mortgages and notes payable

    beginning of year $2,040,865 · end of year $2,018,878

  • 25 · Other liabilities

    beginning of year $19,756 · end of year $20,341

  • 27 · Net assets without donor restrictions

    beginning of year -$750,113 · end of year -$760,340

Mission and programs · 2024

Mission

PROVIDE AFFORDABLE RENTAL HOUSING FOR HANDICAPPED & ELDERLY.

  • AFFORDABLE RENT HOUSING TO HANDICAPPED AND ELDERLY PERSONS. PROJECT INCLUDES FORTY-NINE ONE BEDROOM AND TEN TWO BEDROOM UNITS.

    Expenses $437,136 · Revenue $463,243

As filed on the 2024 return.

Listed in Part VII

  • Diane Lind

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Paul Myers

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sheri Sampson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jeanene Pifer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Barbara Wilch

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gary Strausbaugh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Therese Clouse

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Pete Dicesare

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Charles Knight

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jack Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jim Shreck

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Christopher P Widman

    EXECUTIVE DIRECTOR

    Total calculated
    $307,490
    From this org
    $0
    From related orgs
    $271,606
    Other
    $35,884
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,606 related
    Bonus
    $0
    Other
    $0 + $18,000 related
    Deferred
    $0 + $35,884 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $307,490 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

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 4B
PARTICIPATION IN 457 PLAN: CHRISTOPHER P. WIDMAN $23,000

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • WESLEY COMMONS LLC

    RELATED · RENTAL · OH · 4.9% owned · share of assets $692

    Directly controlled by BRETHREN HOLDINGS LLC

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543209349300694

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