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Nonprofiteer
← WESLEY WOODS OF ATHENS INC

Form 990 for tax year 2024

Filed by WESLEY WOODS OF ATHENS INC.

Totals

Total revenue
$4,614,840
Total expenses
$4,325,030
Contributions and grants received
$315,494
Grants paid
$0
Program service revenue
$4,264,802
Investment income
$23,672
Other revenue
$10,872
Total assets, end of year
$5,224,070
Total liabilities, end of year
$8,425,948
Net assets or fund balances, end of year
-$3,201,878
Program services expenses (Part IX)
$3,745,804
Management and general expenses
$579,226
Fundraising expenses
$0
Program service expenses (Part III)
$3,745,804

Program services were 86.6% 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

    $315,494

  • 2a · Program service revenue: RENTALS AND SERVICES

    total $4,264,802 · related or exempt $4,264,802

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $23,672 · excluded $23,672

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: FOOD SERVICES, FEES, MISC

    total $4,982 · excluded $4,982

  • 11b · Other revenue: GUEST SERVICES

    total $5,890 · excluded $5,890

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $10,872

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 $165,765 · program services $132,611 · management and general $33,154

  • 7 · Other salaries and wages

    total $1,281,653 · program services $1,085,113 · management and general $196,540

  • 8 · Pension plan contributions

    total $46,241 · program services $39,371 · management and general $6,870

  • 9 · Other employee benefits

    total $197,079 · program services $167,251 · management and general $29,828

  • 10 · Payroll taxes

    total $104,111 · program services $87,936 · management and general $16,175

  • 11a · Fees: management

    total $161,536 · management and general $161,536

  • 11c · Fees: accounting

    total $8,584 · management and general $8,584

  • 11f · Fees: investment management

    total $2,183 · management and general $2,183

  • 11g · Fees: other

    total $279,681 · program services $273,820 · management and general $5,861 · fundraising $0

  • 12 · Advertising and promotion

    total $115,592 · program services $92,150 · management and general $23,442

  • 13 · Office expenses

    total $51,249 · program services $41,644 · management and general $9,605

  • 14 · Information technology

    total $41,127 · program services $32,901 · management and general $8,226

  • 16 · Occupancy

    total $734,918 · program services $710,035 · management and general $24,883

  • 17 · Travel

    total $6,271 · program services $125 · management and general $6,146

  • 19 · Conferences, conventions and meetings

    total $4,225 · program services $4,136 · management and general $89

  • 22 · Depreciation, depletion and amortization

    total $350,186 · program services $344,441 · management and general $5,745

  • 23 · Insurance

    total $92,069 · program services $90,227 · management and general $1,842

  • 24a · Other expenses: FOOD COSTS

    total $384,575 · program services $376,516 · management and general $8,059

  • 24b · Other expenses: SUPPLIES

    total $160,662 · program services $157,449 · management and general $3,213

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $103,500 · program services $82,799 · management and general $20,701

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $26,862 · program services $21,489 · management and general $5,373

  • 24e · All other expenses

    total $6,961 · program services $5,790 · management and general $1,171 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $40,606 · end of year $1,168,710

  • 4 · Accounts receivable

    beginning of year $18,046 · end of year $2,933

  • 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 $17,958 · end of year $17,958

  • 9 · Prepaid expenses and deferred charges

    beginning of year $83,924 · end of year $90,727

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

    $8,339,223

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

    $5,351,314

  • 10c · Land, buildings and equipment, net

    beginning of year $2,871,701 · end of year $2,987,909

  • 11 · Investments: publicly traded securities

    beginning of year $1,218,757 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $780,190 · end of year $955,833

  • 17 · Accounts payable and accrued expenses

    beginning of year $647,745 · end of year $535,081

  • 19 · Deferred revenue

    beginning of year $284,153 · end of year $288,716

  • 20 · Tax-exempt bond liabilities

    beginning of year $2,451,125 · end of year $2,318,531

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $5,184,026 · end of year $5,283,620

  • 27 · Net assets without donor restrictions

    beginning of year -$3,538,048 · end of year -$3,244,648

  • 28 · Net assets with donor restrictions

    beginning of year $2,181 · end of year $42,770

Mission and programs · 2024

Mission

OUR MISSION IS TO CREATE COMMUNITIES OF CONNECTION, WELL-BEING, AND PROMISE.

  • WESLEY WOODS OF ATHENS, INC.'S MISSION IS TO CREATE COMMUNITIES OF CONNECTION, WELL-BEING AND PROMISE. IT OPERATES AN EXCELLENT LIFEPLAN COMMUNITY OFFERING RESIDENTIAL, RETIREMENT, DINING, HOUSEKEEPING, LIFE ENRICHMENT AND WELLNESS PROGRAMMING, 24 HOUR STAFFED EMERGENCY RESPONSE AND PRIVATE LICENSED PERSONAL CARE. THE PROJECT HAS 46 INDEPENDENT LIVING APARTMENTS AND 36 PERSONAL CARE APARTMENT HOMES AVAILABLE WITH AN AVERAGE OCCUPANCY RATE OF 92.68% AS OF 08/31/25.

    Expenses $3,745,804 · Revenue $4,264,802

As filed on the 2024 return.

Listed in Part VII

  • LAURI ANN BROOKS

    VPO, DIRECTOR

    Total calculated
    $244,596
    From this org
    $0
    From related orgs
    $224,451
    Other
    $20,145
    Hours/week
    16 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,451 related
    Bonus
    $0 + $16,000 related
    Other
    $0
    Deferred
    $0 + $10,733 related
    Nontaxable benefits
    $0 + $9,412 related
    Filer's total
    $0 + $244,596 related

  • TERRY BARCROFT

    PRESIDENT & CEO

    Total calculated
    $348,845
    From this org
    $0
    From related orgs
    $324,346
    Other
    $24,499
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

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

  • TOM JACKSON

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DIANE VAUGHAN

    DIRECTOR, Foundation President

    Total calculated
    $233,712
    From this org
    $0
    From related orgs
    $207,288
    Other
    $26,424
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

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

  • BRANDON VALASEK

    CFO & SECRETARY/TREASURER

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

    Schedule J breakdown matched by us

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

  • DANA CHANDLER

    EXECUTIVE DIRECTOR

    Total calculated
    $161,227
    From this org
    $132,533
    From related orgs
    $0
    Other
    $28,694
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,533
    Bonus
    $0
    Other
    $0
    Deferred
    $7,102
    Nontaxable benefits
    $21,592
    Filer's total
    $161,227

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

None.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
15 July 2026
IRS schema version
2024v5.1
Source object
202621969349300312

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