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Nonprofiteer
← WELLSPIRE LLC

Form 990 for tax year 2023

Filed by WELLSPIRE LLC.

What the amendment changed

Compared with the return it replaced , filed 15 November 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$28,097,645 changed to $28,582,073
Contributions and grants received
$0 changed to $484,428

Totals

Total revenue
$28,582,073
Total expenses
$32,630,122
Contributions and grants received
$484,428
Grants paid
$0
Program service revenue
$26,905,570
Investment income
$692,529
Other revenue
$499,546
Total assets, end of year
$88,803,061
Total liabilities, end of year
$78,405,128
Net assets or fund balances, end of year
$10,397,933
Program services expenses (Part IX)
$26,368,337
Management and general expenses
$6,261,785
Fundraising expenses
$0
Program service expenses (Part III)
$26,368,337

Program services were 80.8% 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

    $484,428

  • 2a · Program service revenue: HEALTHCARE SERVICES

    total $19,252,297 · related or exempt $19,252,297

  • 2b · Program service revenue: HOUSING & ASSISTED LIVING

    total $7,552,865 · related or exempt $7,552,865

  • 2c · Program service revenue: MEAL REVENUE

    total $100,408 · related or exempt $100,408

  • 3 · Investment income

    total $147,393 · excluded $147,393

  • 7a · Gross sales of assets other than inventory

    securities $1,639,876

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

    securities $1,085,652 · other assets $9,088

  • 7c · Gain or loss

    securities $554,224 · other assets -$9,088

  • 7d · Net gain or loss

    total $545,136 · excluded $545,136

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $499,546 · excluded $499,546

  • 11e · Other revenue, total

    $499,546

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $14,447,144 · program services $13,092,714 · management and general $1,354,430

  • 8 · Pension plan contributions

    total $101,695 · program services $72,376 · management and general $29,319

  • 9 · Other employee benefits

    total $864,901 · program services $845,383 · management and general $19,518

  • 10 · Payroll taxes

    total $1,201,404 · program services $1,120,630 · management and general $80,774

  • 11a · Fees: management

    total $1,585,859 · management and general $1,585,859

  • 11b · Fees: legal

    total $6,182 · management and general $6,182

  • 11c · Fees: accounting

    total $2,022 · management and general $2,022

  • 11f · Fees: investment management

    total $1,299 · management and general $1,299

  • 11g · Fees: other

    total $1,904,364 · program services $1,805,398 · management and general $98,966

  • 12 · Advertising and promotion

    total $194,689 · program services $13,582 · management and general $181,107

  • 13 · Office expenses

    total $150,428 · program services $40,028 · management and general $110,400

  • 14 · Information technology

    total $434,345 · program services $2,421 · management and general $431,924

  • 16 · Occupancy

    total $2,575,993 · program services $1,083,626 · management and general $1,492,367

  • 17 · Travel

    total $592,056 · program services $34,673 · management and general $557,383

  • 19 · Conferences, conventions and meetings

    total $1,345 · management and general $1,345

  • 20 · Interest

    total $2,245,857 · program services $2,245,857

  • 22 · Depreciation, depletion and amortization

    total $2,787,735 · program services $2,787,735

  • 24a · Other expenses: FOOD & DINING EXPENSES

    total $1,671,521 · program services $1,671,521

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $779,943 · program services $779,614 · management and general $329

  • 24c · Other expenses: SUPPLIES, EQUIPMENT, &

    total $501,834 · program services $442,611 · management and general $59,223

  • 24d · Other expenses: EMPLOYEE RECRUITMENT &

    total $245,286 · program services $13,482 · management and general $231,804

  • 24e · All other expenses

    total $334,220 · program services $316,686 · management and general $17,534

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,376,721 · end of year $1,891,861

  • 2 · Savings and temporary cash investments

    beginning of year $2,122,883 · end of year $1,914,384

  • 3 · Pledges and grants receivable

    beginning of year $996,673 · end of year $752,116

  • 4 · Accounts receivable

    beginning of year $2,816,605 · end of year $3,004,394

  • 8 · Inventories for sale or use

    beginning of year $61,342 · end of year $115,303

  • 9 · Prepaid expenses and deferred charges

    beginning of year $205,527 · end of year $138,742

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

    $84,199,036

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

    $5,906,599

  • 10c · Land, buildings and equipment, net

    beginning of year $80,690,896 · end of year $78,292,437

  • 11 · Investments: publicly traded securities

    beginning of year $3,694,620 · end of year $2,632,021

  • 13 · Investments: program-related

    beginning of year $13,940 · end of year $22,578

  • 15 · Other assets

    beginning of year $65,231 · end of year $39,225

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,792,874 · end of year $4,200,668

  • 19 · Deferred revenue

    beginning of year $5,736,864 · end of year $7,515,500

  • 20 · Tax-exempt bond liabilities

    beginning of year $63,786,969 · end of year $61,774,280

  • 25 · Other liabilities

    beginning of year $6,441,557 · end of year $4,914,680

  • 27 · Net assets without donor restrictions

    beginning of year $14,157,937 · end of year $10,146,286

  • 28 · Net assets with donor restrictions

    beginning of year $128,237 · end of year $251,647

Mission and programs · 2023

Mission

GUIDED BY CHRISTIAN COMPASSION, WELLSPIRE SUPPORTS THE INDEPENDENCE, HEALTH, AND WELL-BEING OF OLDER ADULTS WHEREVER THEY CALL HOME.

  • THE PARTNERSHIP OF WESLEYLIFE AND GENESIS HEALTH SYSTEM, BOTH NON-PROFIT ORGANIZATIONS AND MARKET LEADERS, STRENGTHENS A COMMON MISSION TO PAVE THE WAY FOR OLDER ADULTS IN THE QUAD CITIES OF IOWA AND ILLINOIS TO LEAD HEALTHY, FULFILLING LIVES THAT FOCUS ON HEALTH AND WELL-BEING. THE NAME "WELLSPIRE" WAS DERIVED FROM THE COMBINATION OF "WELL AND "INSPIRE, AND THE SELECTION OF THE TWO WORDS WAS DELIBERATE IN TERMS OF THE GOALS OF THE ORGANIZATION, FORMED IN 2019.WESLEYLIFE BROUGHT THREE-QUARTERS OF A CENTURY OF EXPERTISE SERVING OLDER ADULTS TO GENESIS HEALTH SYSTEM'S EXISTING SENIOR LIVING PORTFOLIO, CREATING AN OPPORTUNITY FOR THE JOINED ORGANIZATIONS TO SERVE OLDER-ADULT MARKETS IN BOTH STATES THROUGH A COMPREHENSIVE HEALTH AND WELL-BEING NETWORK. SINCE THE PARTNERSHIP'S INCEPTION, WELLSPIRE HAS:- DEVELOPED THE SUMMIT OF BETTENDORF, THE MARKET'S LARGEST CONTINUING-CARE COMMUNITY - REDEVELOPED WESTWING PLACE IN DEWITT, IOWA, AS FIELDSTONE OF DEWITT, A CAMPUS OFFERING VARIOUS LEVELS OF LIVING INCLUDING, FOR THE FIRST TIME LOCALLY, CCDI MEMORY CARE- BROUGHT THE CONCEPT OF PERSON-DIRECTED LIVING TO ALL OTHER COMMUNITIES FORMERLY UNDER THE AUSPICES OF GENESIS HEALTH SYSTEM, INCLUDING ILLINI RESTORATIVE CARE IN SILVIS, ILLINOIS WELLSPIRE COMMUNITIES OFFER THE FOLLOWING LEVELS OF LIVING:- LONG-TERM HEALTHCARE: COMPASSIONATE, ENRICHING 24/7 CARE FOR INDIVIDUALS WITH ACUTE AS WELL AS CHRONIC HEALTH CONDITIONS- MEMORY CARE, INCLUDING CCDI CARE: THE ONLY CCDI MEMORY-CARE OFFERING IN THE CLINTON COUNTY MARKET, AND ONE OF THE FEW IN SCOTT COUNTY- SHORT-TERM REHABILITATION: REHABILITATIVE CARE FOR INDIVIDUALS IN THE GREATER COMMUNITY AS WELL AS ON OUR CAMPUSES. INCLUDES PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY. - SHELTERED CARE: CARE FOR INDIVIDUALS WHO NEED ASSISTANCE NOT COMMENSURATE WITH SKILLED CARE, BUT ARE NOT ABLE TO LIVE ENTIRELY INDEPENDENTLY- ASSISTED LIVING: CARE AND SERVICES FOR PEOPLE WHO WISH TO LIVE AS INDEPENDENTLY AS POSSIBLE, WITH ASSISTANCE AS NEEDED AND DESIRED- INDEPENDENT LIVING: INTENDED FOR RESIDENTS WHO DESIRE AND ARE ABLE TO LIVE FULLY INDEPENDENTLY, INDEPENDENT LIVING OFFERS AN ATTRACTIVE, SAFE LIVING ENVIRONMENT FREE FROM THE MAINTENANCE REQUIREMENTS OF HOMEOWNERSHIP, WITH PLENTIFUL SOCIAL AMENITIES DESIGNED TO ENHANCE CONNECTIONS AND PREVENT ISOLATIONCOLLECTIVELY, OUR COMMUNITIES OFFER 180 HEALTH-CENTER BEDS THAT ARE DUALLY LICENSED FOR MEDICARE AND MEDICAID. THIRTY TO 35 PERCENT OF THE BEDS ARE UTILIZED FOR LONG-TERM HEALTHCARE WITH MEDICAID AS THE PRIMARY PAYER SOURCE, WITH AN ADDITIONAL 40 MEDICARE/MANAGED CARE BEDS FOR SHORT-TERM REHABILITATION. OUR LEVEL-OF-LIVING BREAKDOWN BY COMMUNITY IS:- SUMMIT: 105 IL, 16 ALMC, 17 AL, 40 LONG-TERM CARE - FIELDSTONE: 21 AL, 16 CCDI, 54 DUALLY LICENSED LONG-TERM CARE/SHORT-TERM REHABILITATION- ILLINI RESTORATIVE CARE: CURRENTLY AT 102 LICENSED BEDS AND 18 SHELTERED CAREOUR COMMUNITIES BENEFIT THE GREATER COMMUNITIES IN WHICH THEY ARE LOCATED IN THE FOLLOWING WAYS:- OFFER SPACE FOR CIVIC, CHURCH, AND PHILANTHROPIC GROUPS, SUCH AS KNIGHTS OF COLUMBUS, BOARDS OF DIRECTORS OF LOCAL BUSINESSES, THE RED HAT SOCIETY, AUDUBON SOCIETY, BOOK CLUBS, BIBLE/RELIGIOUS-STUDY GROUPS, AND GARDEN CLUBS- PROVIDE SOCIAL ACTIVITIES TO WHICH MEMBERS OF THE GREATER COMMUNITY ARE INVITED AND INCLUDED, SUCH AS NEIGHBORHOOD HALLOWEEN/TRICK-OR-TREAT PARTIES, CHRISTMAS/HOLIDAY GATHERINGS, CONCERTS, ART EXHIBITS, FARMERS' MARKETS, GATHERINGS TO CELEBRATE LOCAL EVENTS, HUMANE SOCIETY ADOPTION EVENTS, DIETARY/NUTRITION EDUCATIONAL EVENTS, REAL-ESTATE EDUCATION EVENTS, AND MORE.- PROVIDE SAFE SPACES TO ENHANCE PHYSICAL WELL-BEING, SUCH AS FITNESS CENTERS, OUTDOOR WALKING TRAILS, ETC. OUR WELLAHEAD PROGRAM WELCOMES NON-RESIDENTS TO OUR FITNESS PAVILIONS WITH THE HOPE OF HELPING THEM LIVE HEALTHIER LIVES. - PROVIDE SUPPORT GROUPS FOR CHALLENGES SUCH AS ALZHEIMER'S AND PARKINSON'S DISEASES OPEN TO RESIDENTS / CAREGIVERS IN THE GREATER COMMUNITY AS WELL AS ON OUR CAMPUSES- CLIENTS AND PARTICIPANTS OF WELLSPIRE LLC SERVICES RECEIVED 1,850,400 IN CHARITABLE ASSISTANCE TO SUPPORT THEIR HEALTH AND WELL BEING THROUGH SERVICES PROVIDED BY WELLSPIRE.ABOUT WESLEYLIFEWESLEYLIFE HAS SERVED THE OLDER-ADULT MARKET FOR MORE THAN 76 YEARS, OWNING AND OPERATING 12 COMMUNITIES FOR PEOPLE 55 AND OLDER AND CREATING EXPERIENCES FOR THOUSANDS OF ADDITIONAL OLDER ADULTS THROUGH A ROBUST NETWORK OF HOME AND COMMUNITY-BASED OFFERINGS. THE ORGANIZATION, HEADQUARTERED IN JOHNSTON, IOWA, ALSO PROVIDES HOME HEALTH CARE AND SERVICES, ADULT DAY SERVICES, NUTRITION, AND HOSPICE CARE. THE ORGANIZATION ALSO OFFERS PUBLIC HEALTH NURSING AND SUPPORT SERVICES TO INDIVIDUALS WHO LIVE IN THEIR OWN HOMES AND ARE UNDERINSURED OR UNINSURED. ABOUT GENESIS HEALTH SYSTEMTHE DAVENPORT, IOWA-BASED GENESIS HEALTH SYSTEM SERVES A 17-COUNTY, BI-STATE REGION OF THE QUAD CITIES METROPOLITAN AREA AND THE SURROUNDING COMMUNITIES OF IOWA AND ILLINOIS. ALONG WITH ITS AFFILIATES, THE ORGANIZATION OFFERS A FULL CONTINUUM OF CARE, INCLUDING PREVENTIVE, PRIMARY, ACUTE AND TERTIARY HOSPITAL CARE; HOME HEALTH AND SENIOR LIVING; HOSPICE CARE; AND REHABILITATION.

    Expenses $26,368,337 · Revenue $26,905,570

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kristy Vanderwiel

    CHAIR

    Total calculated
    $285,759
    From this org
    $0
    From related orgs
    $246,152
    Other
    $39,607
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,573 related
    Bonus
    $0
    Other
    $0 + $6,579 related
    Deferred
    $0 + $7,415 related
    Nontaxable benefits
    $0 + $32,192 related
    Filer's total
    $0 + $285,759 related

  • Craig Flanagan

    VICE CHAIR

    Total calculated
    $363,206
    From this org
    $0
    From related orgs
    $327,637
    Other
    $35,569
    Hours/week
    6 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $321,657 related
    Bonus
    $0
    Other
    $0 + $5,980 related
    Deferred
    $0 + $9,878 related
    Nontaxable benefits
    $0 + $25,691 related
    Filer's total
    $0 + $363,206 related

  • Joseph Malas

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kurt Andersen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rob Kretzinger

    DIRECTOR

    Total calculated
    $888,861
    From this org
    $0
    From related orgs
    $848,714
    Other
    $40,147
    Hours/week
    6 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $656,325 related
    Bonus
    $0 + $171,941 related
    Other
    $0 + $20,448 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $30,247 related
    Filer's total
    $0 + $888,861 related

  • Chelsey Killean

    FIELDSTONE EXEC DIR

    Total calculated
    $153,202
    From this org
    $120,070
    From related orgs
    $0
    Other
    $33,132
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,681
    Bonus
    $389
    Other
    $0
    Deferred
    $3,604
    Nontaxable benefits
    $29,528
    Filer's total
    $153,202

  • Jennifer Dunk

    ILLINI RESTORATIVE CARE EXEC DIR

    Total calculated
    $143,452
    From this org
    $107,576
    From related orgs
    $0
    Other
    $35,876
    Hours/week
    40

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
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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, DIRECTOR AND CRAIG FLANAGAN, VICE CHAIR EACH RECEIVED $3,600 FOR SOCIAL CLUB DUES; THIS BENEFIT WAS INCLUDED IN HIS TAXABLE W-2 COMPENSATION.
PART I, LINE 3
SEE SCHEDULE O FOR THE NARRATIVE RELATED TO FORM 990, PART VI, LINE 15 FOR FURTHER INFORMATION.
PART I, LINE 4B
SPLIT-DOLLAR LIFE INSURANCE PARTICIPANTS ARE DOUGLAS P. CROPPER-ESTABLISHED IN 2016 AND SPONSORED BY GENESIS HEALTH SYSTEM(GHS IA). GHS IA DEPOSITED FUNDS INTO LIFE INSURANCE POLICIES ON THE PARTICIPANT'S LIFE. DURING LIFE, AND SUBJECT TO THE POLICIES GENERATING SUFFICIENT VALUES, THE PARTICIPANT CAN BORROW FROM ONE OF THE POLICIES. THE BORROWING IS MONITORED AND LIMITED SO THE POLICIES DO NOT LAPSE. AT THE PARTICIPANT'S DEATH, THE ORGANIZATION RECOVERS PREMIUMS PLUS INTEREST PLUS ADDITIONAL KEY-PERSON INSURANCE PROCEEDS. THERE WERE NO LOANS OR CONTRIBUTIONS IN 2023. THE FOLLOWING INDIVIDUAL MADE CONTRIBUTIONS TO THEIR 457(F) DEFERRED COMPENSATION PLAN IN 2023: KRISTY VAN DER WIEL - $25,000 CRAIG FLANAGAN - $15,000

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.

Provenance

Return type
form_990
Tax year
2023
Filed
25 March 2025
IRS schema version
2023v6.0
Source object
202540879349300824

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