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Nonprofiteer
← WESLEYLIFE

Form 990 for tax year 2024

Filed by WESLEYLIFE.

Totals

Total revenue
$12,494,516
Total expenses
$13,160,720
Contributions and grants received
$58,104
Grants paid
$0
Program service revenue
$12,286,694
Investment income
$149,718
Other revenue
$0
Total assets, end of year
$20,328,014
Total liabilities, end of year
$26,930,043
Net assets or fund balances, end of year
-$6,602,029
Program services expenses (Part IX)
$14,265
Management and general expenses
$13,146,455
Fundraising expenses
$0
Program service expenses (Part III)
$14,265

Program services were 0.1% 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.

  • 1f · All other contributions, gifts and grants

    $58,104

  • 2a · Program service revenue: MANAGEMENT FEES

    total $12,286,694 · related or exempt $12,286,694

  • 3 · Investment income

    total $80,357 · excluded $80,357

  • 7a · Gross sales of assets other than inventory

    securities $69,361

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

    securities $0

  • 7c · Gain or loss

    securities $69,361

  • 7d · Net gain or loss

    total $69,361 · excluded $69,361

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $602,025 · management and general $602,025

  • 7 · Other salaries and wages

    total $6,597,068 · management and general $6,597,068

  • 8 · Pension plan contributions

    total $172,132 · management and general $172,132

  • 9 · Other employee benefits

    total $801,875 · management and general $801,875

  • 10 · Payroll taxes

    total $560,261 · management and general $560,261

  • 11a · Fees: management

    total $36,160 · management and general $36,160

  • 11b · Fees: legal

    total $219,815 · management and general $219,815

  • 11c · Fees: accounting

    total $332,316 · management and general $332,316

  • 11f · Fees: investment management

    total $186,149 · management and general $186,149

  • 11g · Fees: other

    total $443,847 · management and general $443,847

  • 12 · Advertising and promotion

    total $561,959 · management and general $561,959

  • 13 · Office expenses

    total $69,989 · management and general $69,989

  • 14 · Information technology

    total $1,004,128 · management and general $1,004,128

  • 16 · Occupancy

    total $191,758 · management and general $191,758

  • 17 · Travel

    total $56,139 · management and general $56,139

  • 19 · Conferences, conventions and meetings

    total $33,352 · management and general $33,352

  • 20 · Interest

    total $247,889 · management and general $247,889

  • 22 · Depreciation, depletion and amortization

    total $539,385 · management and general $539,385

  • 23 · Insurance

    total $119,347 · management and general $119,347

  • 24a · Other expenses: EMPLOYEE RECRUITING & R

    total $259,631 · management and general $259,631

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $56,100 · management and general $56,100

  • 24c · Other expenses: SUPPLIES & EQUIPMENT

    total $20,468 · management and general $20,468

  • 24d · Other expenses: COMMUNITY SPONSORSHIPS

    total $14,265 · program services $14,265

  • 24e · All other expenses

    total $34,662 · management and general $34,662

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $312,630 · end of year $177,788

  • 3 · Pledges and grants receivable

    beginning of year $18,010 · end of year $6,145

  • 4 · Accounts receivable

    beginning of year $172,583 · end of year $215,926

  • 8 · Inventories for sale or use

    beginning of year $76,550 · end of year $76,550

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,088,220 · end of year $1,192,684

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

    $3,734,363

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

    $2,910,613

  • 10c · Land, buildings and equipment, net

    beginning of year $1,072,482 · end of year $823,750

  • 11 · Investments: publicly traded securities

    beginning of year $3,239,410 · end of year $6,700,745

  • 12 · Investments: other securities

    beginning of year $187,703 · end of year $225,430

  • 13 · Investments: program-related

    beginning of year $8,143,105 · end of year $10,873,059

  • 15 · Other assets

    beginning of year $44,295 · end of year $35,937

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,848,303 · end of year $3,169,771

  • 23 · Secured mortgages and notes payable

    beginning of year $2,299,244

  • 25 · Other liabilities

    beginning of year $20,232,046 · end of year $23,760,272

  • 27 · Net assets without donor restrictions

    beginning of year -$11,105,049 · end of year -$6,727,271

  • 28 · Net assets with donor restrictions

    beginning of year $80,444 · end of year $125,242

Mission and programs · 2024

Mission

WESLEYLIFE IS THE SUPPORTING ORGANIZATION FOR ITS AFFILIATES, WESLEY RETIREMENT SERVICES, WESLEY COMMUNITY SERVICES, WESLEYLIFE FOUNDATION, AND WELLSPIRE LLC - WESLEY RETIREMENT SERVICES AND WESLEY COMMUNITY SERVICES (BOTH 501(C)(3) ORGANIZATIONS) - AS WELL AS WESLEY DEVELOPMENT SERVICES, AN LLC DERIVING ITS EXEMPT STATUS FROM WESLEYLIFE. GUIDED BY CHRISTIAN COMPASSION, WESLEYLIFE SUPPORTS THE INDEPENDENCE, HEALTH, AND WELL-BEING OF OLDER ADULTS WHEREVER THEY CALL HOME. TO HELP ACHIEVE THIS MISSION, THE ORGANIZATION PROVIDES SUPPORT SERVICES SUCH AS ACCOUNTING, FINANCE, HUMAN RESOURCES, MARKETING, INFORMATION TECHNOLOGY, AND PHILANTHROPY THROUGHOUT ITS COMMUNITIES FOR HEALTHY LIVING AND ADDITIONAL LOCATIONS.

Activities or mission (Part I)

WESLEYLIFE IS THE SUPPORTING ORGANIZATION FOR ITS AFFILIATES, WESLEY RETIREMENT SERVICES, WESLEY COMMUNITY SERVICES, WESLEYLIFE FOUNDATION, AND WELLSPIRE LLC : WESLEY RETIREMENT SERVICES AND WESLEY COMMUNITY SERVICES (BOTH 501(C)(3) ORGANIZATIONS), AS WELL AS WESLEY DEVELOPMENT SERVICES, AN LLC DERIVING ITS EXEMPT STATUS FROM WESLEYLIFE. THE MISSION OF WESLEYLIFE IS TO ENHANCE THE INDEPENDENCE, HEALTH, AND WELL-BEING OF OLDER ADULTS. IT DOES THIS BY PROVIDING SUPPORTING SERVICES SUCH AS ACCOUNTING, FINANCE, HUMAN RESOURCES, MARKETING, INFORMATION TECHNOLOGY, AND PHILANTHROPY THROUGHOUT ITS AFFILIATES.

  • WESLEYLIFE WAS ESTABLISHED IN DECEMBER 2010 AS A SUPPORTING ORGANIZATION FOR WESLEY RETIREMENT SERVICES, INC. (WRS) AND WESLEY COMMUNITY SERVICES, INC. (WCS). WRS WAS ESTABLISHED IN 1947 (ORIGINALLY AS WESLEY ACRES, INC.) AS A FAITH-BASED NON-PROFIT ORGANIZATION, AND HAS SINCE DEDICATED ITSELF TO PROVIDING HOUSING, HEALTHCARE, AND SUPPORT SERVICES EXCLUSIVELY TO OLDER ADULTS IN WAYS THAT ENHANCE A SENSE OF PURPOSE AND MEANING IN THE LIVES OF THOSE WE SERVE. WCS WAS ESTABLISHED IN 2005 TO PROVIDE SERVICES TO OLDER ADULTS AS WELL AS THOSE IN FINANCIAL NEED THROUGH HOME HEALTHCARE, NON-MEDICAL IN-HOME SERVICES, NUTRITION, TRANSPORTATION, AND HOSPICE SERVICES. WE ALSO OFFER ADULT DAY SERVICES IN TWO MARKETS: DES MOINES AND NEWTON.WESLEY DEVELOPMENT SERVICES WAS CREATED IN FEBRUARY 2011 TO PROVIDE MARKET RESEARCH AS WELL AS PROJECT DESIGN, MANAGEMENT, MONITORING, AND MARKETING RELATED TO NEW COMMUNITIES FOR WESLEYLIFE AND ITS AFFILIATES. AS TRENDS IN RETIREMENT LIVING CONTINUE TO CHANGE, WE HAVE RESPONDED WITH SERVICES AND PROGRAMMING DESIGNED TO MEET THE NEEDS OF A YOUNGER, MORE ACTIVE CUSTOMER.WESLEYLIFE CURRENTLY OWNS AND OPERATES EIGHT COMMUNITIES FOR HEALTHY LIVING IN IOWA THROUGH WESLEY RETIREMENT SERVICES, INC. (WRS) THAT OFFER A FULL CONTINUUM OF SERVICES. THOSE COMMUNITIES ARE: WESLEY ON GRAND IN DES MOINES; HALCYON HOUSE IN WASHINGTON; HERITAGE HOUSE IN ATLANTIC; THE VILLAGE IN INDIANOLA; PARK CENTRE IN NEWTON; EDGEWATER IN WEST DES MOINES; HEARTHSTONE IN PELLA; AND BRIO OF JOHNSTON IN JOHNSTON, IOWA.IN 2024, WESLEY RRETIREMENT SERVICE AND WESLEY COMMUNITY SERVICE PROVIDED HOUSING AND SERVICES FOR NEARLY 13,000 RESIDENTS, CLIENTS AND PARTICIPANTS THROUGHOUT THE ORGANIZATION AND MORE THAN 2,000 DEDICATED AND PASSIONATE TEAM MEMBERS. GUIDED BY OUR ORGANIZATIONAL CORE VALUES OF QUALITY, EXCELLENCE, HOSPITALITY AND INNOVATION, WE ARE COMMITTED TO RESPONSIBLE STEWARDSHIP OF OUR RESIDENTS' RESOURCES TO IMPROVE THE LIVES OF THOSE WE SERVE. AS A NON-PROFIT ORGANIZATION, WE UNDERSTAND OUR RESPONSIBILITY AND OBLIGATION TO OPERATE WITH TRANSPARENCY, HONESTY, AND INTEGRITY IN ALL WE DO.COMMUNITY BENEFITS FROM 2024 INCLUDE:- WESLEYLIFE PROVIDED $6,860,400 IN BENEVOLENT CARE TO OUR RESIDENTS, PARTICIPANTS AND CLIENTS. RESIDENTS WHO DEPLETED THEIR FINANCIAL RESOURCES THROUGH NO FAULT OF THEIR OWN RECEIVED $3,691,183 OF CHARITABLE ASSISTANCE THROUGH EACH COMMUNITY'S GOOD SAMARITAN OR GOOD SHEPHERD FUND TO ALLOW THEM TO REMAIN IN THEIR APARTMENTS OR TOWNHOMES. CLIENTS AND PARTICIPANTS OF WESLEY COMMUNITY SERVICES RECEIVED $267,304 IN CHARITABLE DONATIONS TO HELP THEM REMAIN INDEPENDENT AT HOME.

    Expenses $14,265 · Revenue $12,286,694

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CHAD RASMUSSEN

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • SUSAN OSWEILER

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • KEVIN LAGREE

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • KIP ALBERTSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • KARI COOLING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • NICK HENDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • BARBARA DECKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • BOB RUCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • DAVID STOUT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • DR CHRISTINA TAYLOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • RICH WILLIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • JOHN MOORLACH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • LAURA JACKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • ROB KRETZINGER

    PRESIDENT & CEO

    Total calculated
    $960,534
    From this org
    $314,497
    From related orgs
    $584,065
    Other
    $61,972
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $239,952 + $445,624 related
    Bonus
    $66,495 + $123,491 related
    Other
    $8,050 + $14,950 related
    Deferred
    $10,675 + $19,825 related
    Nontaxable benefits
    $11,015 + $20,457 related
    Filer's total
    $336,187 + $624,347 related

  • CRAIG FLANAGAN

    CFO

    Total calculated
    $374,066
    From this org
    $120,423
    From related orgs
    $223,641
    Other
    $30,002
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $116,473 + $216,306 related
    Bonus
    $35 + $65 related
    Other
    $3,915 + $7,270 related
    Deferred
    $6,825 + $12,675 related
    Nontaxable benefits
    $3,676 + $6,826 related
    Filer's total
    $130,924 + $243,142 related

  • ALLISON MERCURIS PENDROY

    COO

    Total calculated
    $427,232
    From this org
    $116,212
    From related orgs
    $251,794
    Other
    $59,226
    Hours/week
    9 + 31 related

    Schedule J breakdown matched by us

    Base
    $116,113 + $251,579 related
    Bonus
    $0
    Other
    $99 + $215 related
    Deferred
    $8,405 + $18,211 related
    Nontaxable benefits
    $10,298 + $22,312 related
    Filer's total
    $134,915 + $292,317 related

  • KRISTY VANDERWIEL

    CHIEF CULTURE OFFICER

    Total calculated
    $283,760
    From this org
    $274,427
    From related orgs
    $0
    Other
    $9,333
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $251,092
    Bonus
    $0
    Other
    $23,335
    Deferred
    $8,226
    Nontaxable benefits
    $1,107
    Filer's total
    $283,760

  • JANET SIMPSON

    VP NETWORK OPERATIONS

    Total calculated
    $305,962
    From this org
    $266,355
    From related orgs
    $0
    Other
    $39,607
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,970
    Bonus
    $0
    Other
    $20,385
    Deferred
    $7,385
    Nontaxable benefits
    $32,222
    Filer's total
    $305,962

  • MATT GARCIA TERM DATE 101024

    REGIONAL DIRECTOR NETWORK

    Total calculated
    $212,124
    From this org
    $177,116
    From related orgs
    $0
    Other
    $35,008
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,231
    Bonus
    $0
    Other
    $885
    Deferred
    $5,287
    Nontaxable benefits
    $29,721
    Filer's total
    $212,124

  • AMY HUTCHINS

    CHIEF MARKETING OFFICER

    Total calculated
    $247,957
    From this org
    $209,065
    From related orgs
    $0
    Other
    $38,892
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,915
    Bonus
    $0
    Other
    $150
    Deferred
    $6,270
    Nontaxable benefits
    $32,622
    Filer's total
    $247,957

  • AMBER WENTZ

    VP INFO SOLUTIONS

    Total calculated
    $204,505
    From this org
    $201,348
    From related orgs
    $0
    Other
    $3,157
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,928
    Bonus
    $0
    Other
    $420
    Deferred
    $0
    Nontaxable benefits
    $3,157
    Filer's total
    $204,505

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 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 1A
ROB KRETZINGER, PRESIDENT & CEO AND CRAIG FLANAGAN, CFO, EACH RECEIVED $3,600 FOR SOCIAL CLUB DUES; THIS BENEFIT WAS INCLUDED IN HIS TAXABLE W-2 COMPENSATION.
PART I, LINE 3
WESLEYLIFE DETERMINES THE CEO'S COMPENSATION. WESLEYLIFE, WCS AND WRS HAVE THE SAME BOARD MEMBERS. SEE SCHEDULE O FOR THE NARRATIVE RELATED TO FORM 990, PART VI, LINE 15 FOR FURTHER INFORMATION.
PART I, LINE 4B
THE FOLLOWING INDIVIDUALS PARTICIPATED IN THEIR 457(F) DEFERRED COMPENSATION PLAN IN 2024: KRISTY VANDERWIEL CRAIG FLANAGAN ROB KRETZINGER JANET SIMPSON AMY HUTCHINS SOPHIA AHMAD AMBER WENTZ

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533219349304268

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