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Nonprofiteer
← WESLEY WOODS SENIOR LIVING INC

Form 990 for tax year 2024

Filed by WESLEY WOODS SENIOR LIVING INC.

Totals

Total revenue
$4,947,965
Total expenses
$4,523,732
Contributions and grants received
$1,461,867
Grants paid
$0
Program service revenue
$2,505,457
Investment income
$514,145
Other revenue
$466,496
Total assets, end of year
$9,013,908
Total liabilities, end of year
$600,955
Net assets or fund balances, end of year
$8,412,953
Program services expenses (Part IX)
$1,756,582
Management and general expenses
$2,383,419
Fundraising expenses
$383,731
Program service expenses (Part III)
$1,756,582

Program services were 38.8% 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

    $1,461,867

  • 2a · Program service revenue: Management Fees

    total $2,505,457 · related or exempt $2,505,457

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $297,943 · excluded $297,943

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $216,202

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

    securities $0

  • 7c · Gain or loss

    securities $216,202 · other assets $0

  • 7d · Net gain or loss

    total $216,202 · excluded $216,202

  • 11a · Other revenue: Refunds

    total $466,496 · excluded $466,496

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $466,496

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 $1,094,612 · program services $170,956 · management and general $539,925 · fundraising $383,731

  • 7 · Other salaries and wages

    total $1,353,441 · program services $1,082,754 · management and general $270,687

  • 9 · Other employee benefits

    total $414,001 · program services $331,201 · management and general $82,800

  • 10 · Payroll taxes

    total $160,823 · program services $77,195 · management and general $83,628

  • 11b · Fees: legal

    total $25,577 · management and general $25,577

  • 11c · Fees: accounting

    total $58,672 · management and general $58,672

  • 11f · Fees: investment management

    total $8,673 · management and general $8,673

  • 11g · Fees: other

    total $848,238 · program services $0 · management and general $848,238 · fundraising $0

  • 12 · Advertising and promotion

    total $13,584 · management and general $13,584

  • 13 · Office expenses

    total $102,412 · program services $10,241 · management and general $92,171

  • 14 · Information technology

    total $67,793 · management and general $67,793

  • 17 · Travel

    total $50,928 · program services $11,205 · management and general $39,723

  • 19 · Conferences, conventions and meetings

    total $24,932 · program services $1,247 · management and general $23,685

  • 22 · Depreciation, depletion and amortization

    total $35,991 · management and general $35,991

  • 23 · Insurance

    total $10,001 · management and general $10,001

  • 24a · Other expenses: Repairs and maintenance

    total $112,774 · program services $33,832 · management and general $78,942

  • 24b · Other expenses: Equipment Rental

    total $72,020 · program services $21,606 · management and general $50,414

  • 24c · Other expenses: Employee recruitment and training

    total $45,666 · program services $9,591 · management and general $36,075

  • 24d · Other expenses: Dues, memberships, and subscriptions

    total $11,134 · program services $5,010 · management and general $6,124

  • 24e · All other expenses

    total $12,460 · program services $1,744 · management and general $10,716 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,015,214 · end of year $4,928,068

  • 4 · Accounts receivable

    beginning of year $26,269 · end of year $10,000

  • 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 $4,925 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,521 · end of year $16,477

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

    $549,690

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

    $170,312

  • 10c · Land, buildings and equipment, net

    beginning of year $109,954 · end of year $379,378

  • 11 · Investments: publicly traded securities

    beginning of year $9,568,956 · end of year $2,846,787

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $291,494 · end of year $833,198

  • 17 · Accounts payable and accrued expenses

    beginning of year $508,112 · end of year $495,983

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $4,731,160 · end of year $104,972

  • 27 · Net assets without donor restrictions

    beginning of year $7,802,965 · end of year $8,402,857

  • 28 · Net assets with donor restrictions

    beginning of year $10,096 · end of year $10,096

Mission and programs · 2024

Mission

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

  • Wesley Woods Senior Living, Inc. operates as a parent organization supporting related exempt organizations which all serve older adults providing housing and services by providing executive, regulatory, accounting, information services, human resources, and marketing support functions.

    Expenses $1,756,582 · Revenue $2,505,457

As filed on the 2024 return.

Listed in Part VII

  • Glenn Warren

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • John Ethridge

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Terry Barcroft

    President & CEO

    Total calculated
    $348,845
    From this org
    $324,346
    From related orgs
    $0
    Other
    $24,499
    Hours/week
    30 + 20 related

    Schedule J breakdown matched by us

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

  • Bishop Robin Dease

    Director

    Total calculated
    $0
    Hours/week
    1

  • Cathie Berger

    Director

    Total calculated
    $0
    Hours/week
    1

  • Diane Vaughan

    President of Foundation

    Total calculated
    $233,712
    From this org
    $207,288
    From related orgs
    $0
    Other
    $26,424
    Hours/week
    2 + 41 related

    Schedule J breakdown matched by us

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

  • Fain Hicks

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jan Love

    Director

    Total calculated
    $0
    Hours/week
    1

  • Meredith Barclay

    Director

    Total calculated
    $0
    Hours/week
    1

  • Molly Perkins

    Director

    Total calculated
    $0
    Hours/week
    1

  • Phil Jacobs

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rev Chuck Savage

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sharon Pappas

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tom Jackson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brandon Valasek

    CFO & Secretary/Treasurer

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

    Schedule J breakdown matched by us

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

  • Doris Billingsley

    VP Human Resources

    Total calculated
    $171,417
    From this org
    $154,956
    From related orgs
    $0
    Other
    $16,461
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $149,956
    Bonus
    $5,000
    Other
    $0
    Deferred
    $7,183
    Nontaxable benefits
    $9,278
    Filer's total
    $171,417

  • John Davie Fite

    Director of Marketing

    Total calculated
    $170,086
    From this org
    $153,378
    From related orgs
    $0
    Other
    $16,708
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $153,378
    Bonus
    $0
    Other
    $0
    Deferred
    $7,776
    Nontaxable benefits
    $8,932
    Filer's total
    $170,086

  • Karen Kagiyama

    Director of Pastoral Care

    Total calculated
    $131,263
    From this org
    $123,371
    From related orgs
    $0
    Other
    $7,892
    Hours/week
    20 + 20 related

  • Theresa Smith

    Director, Residential Accounting

    Total calculated
    $121,043
    From this org
    $115,143
    From related orgs
    $0
    Other
    $5,900
    Hours/week
    20 + 20 related

  • Walter Keith Gadd

    Controller

    Total calculated
    $163,859
    From this org
    $147,533
    From related orgs
    $0
    Other
    $16,326
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $147,533
    Bonus
    $0
    Other
    $0
    Deferred
    $7,554
    Nontaxable benefits
    $8,772
    Filer's total
    $163,859

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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 · controlled entity

    Directly controlled by Wesley Woods Senior Living Inc

  • Wesley Woods of Athens Inc

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

    Directly controlled by Wesley Woods Senior Living Inc

  • Wesley Woods of Newnan-Peachtree City Inc

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

    Directly controlled by Wesley Woods Senior Living Inc

  • Wesley Woods Inc

    501(c)(3) · Develop and maintain retirement cottages · GA · controlled entity

    Directly controlled by Wesley Woods Senior Living Inc

  • Foundation of Wesley Woods Inc

    501(c)(3) · Provide charitable support · 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 · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by Wesley Woods Senior Living Inc

Provenance

Return type
form_990
Tax year
2024
Filed
15 July 2026
IRS schema version
2024v5.1
Source object
202631969349300313

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