Form 990 for tax year 2022

Totals

Total revenue

$1,470,796

Total expenses

$319,669

Contributions and grants received

$1,889,359

Grants paid

$111,386

Program service revenue

$0

Investment income

-$407,415

Other revenue

-$11,148

Total assets, end of year

$13,050,357

Total liabilities, end of year

$3,448,937

Net assets or fund balances, end of year

$9,601,420

Program services expenses (Part IX)

$271,278

Management and general expenses

$45,461

Fundraising expenses

$2,930

Program service expenses (Part III)

$271,278

Program services were 84.9% 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.

Mission and programs · 2022

• SUPPORT, PERFORM THE FUNCTIONS OF, CARRY OUT THE PURPOSES OF, AND OTHERWISE BENEFIT THE ACTIVITIES OF RELATED ORGANIZATIONS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE SERVICE CODE TO INCLUDE A BENEVOLENT FUND TO PROVIDE ROOM, BOARD AND CARE IN CASES OF INDIVIDUAL AND FAMILY NEED, PROVIDE SUBSIDY OF ANY WESLEYAN HOMES OPERATING DEFICITS AND RESTORATION OF OPERATING RESERVES, PROVIDE FUNDS FOR CAPITAL, REAL & PERSONAL PROPERTY EXPENDITURES FOR WESLEYAN HOMES THAT COULD NOT BE FUNDED BUDGET, ENDOWMENT FUNDS, FUNDRAISING ACTIVITIES, AND FUNDING OF SCHOLARSHIPS AND EDUCATIONAL GRANTS.

  Expenses $271,278 · Grants $111,386

As filed on the 2022 return.

Listed in Part VII

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

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

• WESLEYAN HOMES INC

  $111,386

  TO HELP COVER THE ACTUAL COSTS OF CARE FOR CERTAIN WESLEYAN HOME RESIDENTS IN EXCESS OF THEIR MEDICAID REIMBURSEMENT OR PERSONAL LIABILITY TO PAY.

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.

• WESLEYAN HOMES INC

  501(C)(3) · PROVIDE RETIREMENT, ASSISTED LIVING AND NURSING HOME ACCOMMODATIONS · TX

• WESLEYAN HOMES PROPERTIES

  501(C)(3) · ACQUIRING, HOLDING TITLE TO, CONSTRUCTION & MAINTAINING REAL PROPERTY · TX

  Directly controlled by WESLEYAN HOMES INC

Provenance

Return type

form_990

Tax year

2022

Filed

19 October 2023

IRS schema version

2022v5.0

Source object

202312939349300026

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