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← WESLEY HOMES

Form 990 for tax year 2022

Filed by WESLEY HOMES.

Totals

Total revenue
$61,318,257
Total expenses
$66,841,678
Contributions and grants received
$2,191,356
Grants paid
$0
Program service revenue
$56,572,870
Investment income
$1,924,421
Other revenue
$629,610
Total assets, end of year
$313,221,053
Total liabilities, end of year
$310,521,493
Net assets or fund balances, end of year
$2,699,560
Program services expenses (Part IX)
$45,823,630
Management and general expenses
$21,018,048
Fundraising expenses
$0
Program service expenses (Part III)
$45,823,630

Program services were 68.6% 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

    $2,191,356

  • 2a · Program service revenue: SERVICE CHARGES

    total $36,747,141 · related or exempt $36,747,141

  • 2b · Program service revenue: HEALTH SERVICES

    total $19,401,442 · related or exempt $19,401,442

  • 2c · Program service revenue: RESIDENCY FEES

    total $410,822 · related or exempt $410,822

  • 2d · Program service revenue: OTHER REVENUE

    total $13,465 · related or exempt $13,465

  • 3 · Investment income

    total $692,308 · excluded $692,308

  • 7a · Gross sales of assets other than inventory

    securities $12,689,128

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

    securities $11,457,015

  • 7c · Gain or loss

    securities $1,232,113

  • 7d · Net gain or loss

    total $1,232,113 · excluded $1,232,113

  • 11a · Other revenue: MANAGEMENT FEES

    total $629,610 · excluded $629,610

  • 11e · Other revenue, total

    $629,610

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,076,647 · management and general $1,076,647

  • 7 · Other salaries and wages

    total $16,226,589 · program services $9,299,599 · management and general $6,926,990

  • 8 · Pension plan contributions

    total $367,181 · program services $217,752 · management and general $149,429

  • 9 · Other employee benefits

    total $1,691,388 · program services $944,450 · management and general $746,938

  • 10 · Payroll taxes

    total $1,293,894 · program services $699,132 · management and general $594,762

  • 11b · Fees: legal

    total $177,215 · program services $95,755 · management and general $81,460

  • 11c · Fees: accounting

    total $110,079 · management and general $110,079

  • 11f · Fees: investment management

    total $99,509 · management and general $99,509

  • 11g · Fees: other

    total $11,685,635 · program services $5,673,681 · management and general $6,011,954

  • 12 · Advertising and promotion

    total $422,364 · program services $205,069 · management and general $217,295

  • 13 · Office expenses

    total $801,913 · program services $389,350 · management and general $412,563

  • 14 · Information technology

    total $31,790 · program services $15,435 · management and general $16,355

  • 16 · Occupancy

    total $2,826,782 · program services $1,372,477 · management and general $1,454,305

  • 17 · Travel

    total $93,941 · program services $45,611 · management and general $48,330

  • 19 · Conferences, conventions and meetings

    total $16,362 · program services $7,944 · management and general $8,418

  • 20 · Interest

    total $10,214,270 · program services $10,214,270

  • 22 · Depreciation, depletion and amortization

    total $12,488,524 · program services $12,395,218 · management and general $93,306

  • 23 · Insurance

    total $904,420 · program services $23,665 · management and general $880,755

  • 24a · Other expenses: RESIDENT EXPENSES

    total $3,019,495 · program services $2,568,828 · management and general $450,667

  • 24b · Other expenses: ALL OTHER EXPENSES

    total $2,374,495 · program services $1,152,879 · management and general $1,221,616

  • 24c · Other expenses: HEALTH CARE SUPPLIES

    total $590,675 · program services $502,515 · management and general $88,160

  • 24d · Other expenses: BAD DEBTS

    total $328,510 · management and general $328,510

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,343,991 · end of year $14,138,547

  • 4 · Accounts receivable

    beginning of year $4,049,765 · end of year $3,697,867

  • 7 · Other notes and loans receivable

    beginning of year $4,159 · end of year $4,160

  • 9 · Prepaid expenses and deferred charges

    beginning of year $578,107 · end of year $625,920

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

    $335,837,263

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

    $93,806,104

  • 10c · Land, buildings and equipment, net

    beginning of year $222,855,719 · end of year $242,031,159

  • 11 · Investments: publicly traded securities

    beginning of year $26,747,348 · end of year $25,070,125

  • 15 · Other assets

    beginning of year $28,017,087 · end of year $27,653,275

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,787,796 · end of year $13,657,688

  • 19 · Deferred revenue

    beginning of year $5,687,189 · end of year $529,863

  • 20 · Tax-exempt bond liabilities

    beginning of year $184,990,164 · end of year $210,109,555

  • 21 · Escrow or custodial account liability

    beginning of year $972,865 · end of year $1,134,673

  • 23 · Secured mortgages and notes payable

    beginning of year $3,298,600 · end of year $3,637,765

  • 25 · Other liabilities

    beginning of year $71,104,802 · end of year $81,451,949

  • 27 · Net assets without donor restrictions

    beginning of year $13,754,760 · end of year $2,699,560

Mission and programs · 2022

Mission

INSPIRED BY AND GROUNDED IN FAITH, WESLEY ENRICHES THE LIVES OF OLDER ADULTS THROUGH COMMUNITY, CHOICE AND CONTINUING CARE.

Activities or mission (Part I)

PROVIDE RETIREMENT HOUSING AND CARE SERVICES FOR OLDER ADULTS.

  • WESLEY HOMES DES MOINES SERVES AN AVERAGE OF 537 SENIORS AT ANY ONE TIME IN INDEPENDENT COTTAGES/APARTMENTS, ASSISTED LIVING AND SKILLED NURSING. THIS CAMPUS EMPLOYS APPROXIMATELY 155 PEOPLE WHO PROVIDE CARE GIVING AND HOSPITALITY SERVICES. IT ALSO HOUSES THE OFFICES FOR THE PACIFIC NORTHWEST CONFERENCE OF THE UNITED METHODIST CHURCH. WESLEY HOMES DES MOINES HAS VARIOUS PROGRAMS TO ASSIST RESIDENTS WITH MONTHLY FEES BASED ON AN ANALYSIS OF INDIVIDUAL NEED. RESIDENTS BENEFITED FROM THE BISHOP MCCONNELL PROGRAM IN 2022. SINCE ITS 2001 INCEPTION, THE ORGANIZATION HAS SUBSIDIZED $5,385,542 IN RESIDENCY AND SERVICE FEES FOR BISHOP MCCONNELL SCHOLARSHIP RESIDENTS.

    Expenses $24,650,085 · Revenue $30,367,963

  • WESLEY HOMES LEA HILL SERVES AN AVERAGE OF 248 SENIORS AT ANY ONE TIME IN INDEPENDENT COTTAGES/APARTMENTS, ASSISTED LIVING AND SKILLED NURSING. THIS CAMPUS EMPLOYS APPROXIMATELY 74 EMPLOYEES. WITH FULLY REFUNDABLE ENTRANCE DEPOSITS AND MODERATE MONTHLY FEES. THIS CAMPUS IS AFFORDABLE TO INDIVIDUALS OF MODEST MEANS WHILE PROVIDING HIGH QUALITY PROGRAMS AND AMENITIES TO PROMOTE ACTIVE AND HEALTHY AGING.STAFF AND RESIDENTS AT WESLEY HOMES LEA HILL ARE COMMITTED TO SUPPORTING OTHER COMMUNITY ORGANIZATIONS SUCH AS CHILDREN'S THERAPY CENTER OF KENT BY PROVIDING THE INDOOR POOL FOR THE CHILDREN'S WATER THERAPY PROGRAM. THEY ALSO SUPPORT ELEMENTARY SCHOOLS, THE AUBURN FOOD BANK, THE AUBURN SENIOR CENTER, AND FAMILIES DEALING WITH AGING ISSUES BY PROVIDING VOLUNTEERS, DONATIONS AND SUPPORT GROUPS.

    Expenses $11,297,106 · Revenue $15,729,264

  • WESLEY HOMES BRADLEY PARK SERVES AN AVERAGE OF 234 SENIORS AT ANY ONE TIME IN INDEPENDENT APARTMENTS, BROWNSTONE CATERED LIVING AND ASSISTED LIVING. THIS CAMPUS EMPLOYS APPROXIMATELY 32 EMPLOYEES. WITH FULLY REFUNDABLE ENTRANCE DEPOSITS AND MODERATE MONTHLY FEES. THIS CAMPUS IS AFFORDABLE TO INDIVIDUALS OF MODEST MEANS WHILE PROVIDING HIGH QUALITY PROGRAMS AND AMENITIES TO PROMOTE ACTIVE AND HEALTHY AGING.

    Expenses $9,876,439 · Revenue $10,475,643

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KEVIN ANDERSON

    PRESIDENT/CEO

    Total calculated
    $432,241
    From this org
    $393,138
    From related orgs
    $0
    Other
    $39,103
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $384,654
    Bonus
    $0
    Other
    $8,484
    Deferred
    $16,000
    Nontaxable benefits
    $23,103
    Filer's total
    $432,241

  • JIM YAMAMOTO

    VP OF FINANCE

    Total calculated
    $241,518
    From this org
    $224,257
    From related orgs
    $0
    Other
    $17,261
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $219,204
    Bonus
    $0
    Other
    $5,053
    Deferred
    $7,316
    Nontaxable benefits
    $9,945
    Filer's total
    $241,518

  • CHRISTINE TREMAIN

    VP OF MARKETING

    Total calculated
    $226,958
    From this org
    $206,048
    From related orgs
    $0
    Other
    $20,910
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,590
    Bonus
    $0
    Other
    $4,458
    Deferred
    $8,200
    Nontaxable benefits
    $12,710
    Filer's total
    $226,958

  • KEVIN LANG

    VP OF I.T.

    Total calculated
    $194,680
    From this org
    $155,118
    From related orgs
    $0
    Other
    $39,562
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $154,938
    Bonus
    $0
    Other
    $180
    Deferred
    $7,210
    Nontaxable benefits
    $32,352
    Filer's total
    $194,680

  • NEAL MARTINO

    VP OF HUMAN RESOURCES

    Total calculated
    $175,931
    From this org
    $160,870
    From related orgs
    $0
    Other
    $15,061
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $157,613
    Bonus
    $0
    Other
    $3,257
    Deferred
    $4,300
    Nontaxable benefits
    $10,761
    Filer's total
    $175,931

  • SYED RASHID

    CONTROLLER

    Total calculated
    $153,288
    From this org
    $129,446
    From related orgs
    $0
    Other
    $23,842
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,034
    Bonus
    $250
    Other
    $162
    Deferred
    $5,617
    Nontaxable benefits
    $18,225
    Filer's total
    $153,288

  • DAMARIZ GUMIRAN

    RN - TEAM LEADER

    Total calculated
    $152,801
    From this org
    $137,840
    From related orgs
    $0
    Other
    $14,961
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,641
    Bonus
    $0
    Other
    $1,199
    Deferred
    $5,026
    Nontaxable benefits
    $9,935
    Filer's total
    $152,801

  • ALEX CANDALLA

    DES MOINES CAMPUS ADMINIST

    Total calculated
    $131,696
    From this org
    $126,157
    From related orgs
    $0
    Other
    $5,539
    Hours/week
    40

  • MELKIE MENGISTU

    RN - TEAM LEADER

    Total calculated
    $125,334
    From this org
    $109,857
    From related orgs
    $0
    Other
    $15,477
    Hours/week
    40

  • JOE HARMON

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LYNN MICHAELIS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JEANI ROTTLE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • TIM SEARING

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ROSS DECKMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JERRY FLAGEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BILL FREITAG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RAY KANEMORI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DENNIS MAGNUSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOHN MCGILLIARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MIKE RICKETTS

    BOARD MEMBER (THROUGH MAY 2022)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ED ROGEL

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • STEVE STORMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JACK WIMPRESS

    BOARD MEMBER (THROUGH MAY 2022)

    Total calculated
    $0
    Hours/week
    1

  • MONTE WINDSOR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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 · 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.

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
2022
Filed
25 October 2023
IRS schema version
2022v5.0
Source object
202343039349300624

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