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Nonprofiteer
← WESLEY RETIREMENT SERVICES INC

Form 990 for tax year 2023

Filed by WESLEY RETIREMENT SERVICES INC.

What the amendment changed

Compared with the return it replaced , filed 15 November 2024. matched by us Only the Part I totals and the names listed in Part VII 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
$104,052,715 changed to $106,996,722
Contributions and grants received
$0 changed to $2,944,007
Program service revenue
not reported changed to $99,892,294
Investment income
not reported changed to $4,160,421
Other revenue
not reported changed to $0
Total assets, end of year
not reported changed to $306,578,903
Total liabilities, end of year
not reported changed to $284,700,142
Net assets or fund balances, end of year
not reported changed to $21,878,761

Totals

Total revenue
$106,996,722
Total expenses
$102,399,514
Contributions and grants received
$2,944,007
Grants paid
$0
Program service revenue
$99,892,294
Investment income
$4,160,421
Other revenue
$0
Total assets, end of year
$306,578,903
Total liabilities, end of year
$284,700,142
Net assets or fund balances, end of year
$21,878,761
Program services expenses (Part IX)
$93,666,609
Management and general expenses
$7,937,926
Fundraising expenses
$794,979
Program service expenses (Part III)
$93,666,609

Program services were 91.5% 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

    $2,944,007

  • 2a · Program service revenue: HEALTH CARE SERVICES

    total $82,350,358 · related or exempt $82,350,358

  • 2b · Program service revenue: OTHER RESIDENT SERVICES

    total $16,496,507 · related or exempt $16,496,507

  • 2c · Program service revenue: MEALS INCOME

    total $1,045,429 · related or exempt $1,045,429

  • 3 · Investment income

    total $4,159,195 · excluded $4,159,195

  • 7a · Gross sales of assets other than inventory

    securities $10,157,102 · other assets $1,580

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

    securities $10,157,456 · other assets $0

  • 7c · Gain or loss

    securities -$354 · other assets $1,580

  • 7d · Net gain or loss

    total $1,226 · excluded $1,226

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,239,264 · program services $929,450 · management and general $309,814

  • 7 · Other salaries and wages

    total $47,962,002 · program services $44,060,231 · management and general $3,520,531 · fundraising $381,240

  • 8 · Pension plan contributions

    total $836,402 · program services $770,061 · management and general $59,612 · fundraising $6,729

  • 9 · Other employee benefits

    total $4,627,914 · program services $4,243,812 · management and general $347,675 · fundraising $36,427

  • 10 · Payroll taxes

    total $3,449,839 · program services $3,155,627 · management and general $267,429 · fundraising $26,783

  • 11c · Fees: accounting

    total $3,700 · program services $3,384 · management and general $287 · fundraising $29

  • 11f · Fees: investment management

    total $24,934 · program services $22,807 · management and general $1,933 · fundraising $194

  • 11g · Fees: other

    total $2,590,247 · program services $2,369,344 · management and general $200,794 · fundraising $20,109

  • 12 · Advertising and promotion

    total $549,932 · program services $503,033 · management and general $42,630 · fundraising $4,269

  • 13 · Office expenses

    total $283,285 · program services $259,126 · management and general $21,960 · fundraising $2,199

  • 14 · Information technology

    total $1,509,940 · program services $1,381,169 · management and general $117,049 · fundraising $11,722

  • 16 · Occupancy

    total $8,822,632 · program services $8,070,214 · management and general $683,923 · fundraising $68,495

  • 17 · Travel

    total $198,986 · program services $182,016 · management and general $15,425 · fundraising $1,545

  • 19 · Conferences, conventions and meetings

    total $250,217 · program services $228,877 · management and general $19,397 · fundraising $1,943

  • 20 · Interest

    total $5,645,389 · program services $5,163,935 · management and general $437,626 · fundraising $43,828

  • 22 · Depreciation, depletion and amortization

    total $13,143,630 · program services $12,022,706 · management and general $1,018,883 · fundraising $102,041

  • 23 · Insurance

    total $1,535,788 · program services $1,404,812 · management and general $119,053 · fundraising $11,923

  • 24a · Other expenses: FOOD

    total $5,521,771 · program services $5,050,860 · management and general $428,043 · fundraising $42,868

  • 24b · Other expenses: SUPPLIES & EQUIPMENT

    total $1,950,720 · program services $1,784,358 · management and general $151,218 · fundraising $15,144

  • 24c · Other expenses: EMPLOYEE RECRUITMENT

    total $1,053,725 · program services $963,860 · management and general $81,684 · fundraising $8,181

  • 24d · Other expenses: MEDICAL SUPPLIES

    total $843,082 · program services $771,182 · management and general $65,355 · fundraising $6,545

  • 24e · All other expenses

    total $356,115 · program services $325,745 · management and general $27,605 · fundraising $2,765

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,017,950 · end of year $1,882,820

  • 2 · Savings and temporary cash investments

    beginning of year $3,494,589 · end of year $1,488,560

  • 3 · Pledges and grants receivable

    beginning of year $331,625 · end of year $1,331,960

  • 4 · Accounts receivable

    beginning of year $5,130,790 · end of year $6,782,466

  • 8 · Inventories for sale or use

    beginning of year $476,179 · end of year $489,028

  • 9 · Prepaid expenses and deferred charges

    beginning of year $300,623 · end of year $198,385

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

    $352,142,056

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

    $148,282,028

  • 10c · Land, buildings and equipment, net

    beginning of year $202,076,620 · end of year $203,860,028

  • 11 · Investments: publicly traded securities

    beginning of year $42,055,088 · end of year $49,882,171

  • 12 · Investments: other securities

    beginning of year $15,689,439 · end of year $18,650,164

  • 15 · Other assets

    beginning of year $18,027,423 · end of year $22,013,321

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,078,577 · end of year $6,214,619

  • 19 · Deferred revenue

    beginning of year $17,713,603 · end of year $19,046,272

  • 20 · Tax-exempt bond liabilities

    beginning of year $153,100,744 · end of year $155,902,188

  • 21 · Escrow or custodial account liability

    beginning of year $96,879,094 · end of year $99,108,124

  • 23 · Secured mortgages and notes payable

    beginning of year $1,370,311 · end of year $2,500,034

  • 25 · Other liabilities

    beginning of year $1,588,618 · end of year $1,928,905

  • 27 · Net assets without donor restrictions

    beginning of year -$1,842,551 · end of year $3,914,162

  • 28 · Net assets with donor restrictions

    beginning of year $14,711,930 · end of year $17,964,599

Mission and programs · 2023

Mission

GUIDED BY CHRISTIAN COMPASSION, WESLEYLIFE SUPPORTS THE INDEPENDENCE, HEALTH, AND WELL-BEING OF OLDER ADULTS WHEREVER THEY CALL HOME. AS A NON-PROFIT ORGANIZATION, WE UNDERSTAND OUR RESPONSIBILITY AND OBLIGATION TO OPERATE WITH TRANSPARENCY, HONESTY, AND INTEGRITY IN ALL WE DO. OUR ORGANIZATIONAL CORE VALUES ARE QUALITY, EXCELLENCE, HOSPITALITY AND INNOVATION. WE ARE COMMITTED TO BE GOOD STEWARDS OF OUR RESIDENTS' RESOURCES TO IMPROVE THE LIVES OF THOSE WE SERVE.

Activities or mission (Part I)

PROVIDING HOUSING, HEALTH CARE, AND SUPPORT SERVICES FOR OLDER ADULTS.

  • OUR COMMUNITY BENEFITS FROM 2023 INCLUDE: -ACROSS THE ORGANIZATION, NEARLY 400 RESIDENTS WHO DEPLETED THEIR FINANCIAL RESOURCES THROUGH NO FAULT OF THEIR OWN RECEIVED A TOTAL OF $6,510,796 IN CHARITABLE ASSISTANCE THROUGH GOOD SAMARITAN OR GOOD SHEPHERD FUNDS TO ALLOW THEM TO REMAIN IN THEIR APARTMENTS OR TOWNHOMES.-IN 2023, IN INCREASING OUR REACH TO UNDERSERVED COMMUNITY MEMBERS, MEDICAID DAYS INCREASED BY 10% OVER LAST YEAR TO 83,283 DAYS. -COMMUNITY MEMBERS PARTICIPATED IN VARIOUS SUPPORT GROUPS OFFERED AT OUR COMMUNITIES, INCLUDING GROUPS FOR THOSE LIVING WITH ALZHEIMER'S DISEASE AND OTHER DEMENTIAS AS WELL AS CANCER AND PARKINSON'S DISEASE, AND SEVERAL OF OUR COMMUNITIES ALSO OFFER ROCK STEADY BOXING, A NATIONALLY RECOGNIZED CURRICULUM THAT CAN SLOW THE PROGRESSION OF PARKINSON'S. GROUPS ARE ALSO OPEN TO RESIDENTS' CAREGIVERS AND LOVED ONES.-.WE OFFERED LUNCH-AND-LEARNS AND OTHER EDUCATIONAL PROGRAMMING DESIGNED TO PROMOTE HEALTH AND WELL-BEING AMONG OUR RESIDENTS, CLIENTS, AND TEAM MEMBERS.-MORE THAN 330 VOLUNTEERS PROVIDED MORE THAN 11,000 VOLUNTEER HOURS TO RESIDENTS, CLIENTS, AND TEAM MEMBERS. -AS WE ARE INTEGRATED MEMBERS OF THE GREATER COMMUNITIES IN WHICH WE ARE LOCATED, OUR IMPACT DOES NOT STOP AT OUR DOORS. WE COLLECTED AND DONATED CLOTHING, COATS, BOOKS, HOUSEHOLD AND CLEANING SUPPLIES, PET FOOD, AND MORE TO AREA CHARITIES.

    Expenses $93,666,609 · Revenue $99,892,294

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

Listed in Part VII

  • CHAD RASMUSSEN

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • SUSAN OSWEILER

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • KEVIN LAGREE

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • KIP ALBERTSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • KARI COOLING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • NICK HENDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • BARBARA DECKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • BOB RUCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • DAVID STOUT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • DR CHRISTINA TAYLOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • JOHN MOORLACH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • ROB KRETZINGER

    PRESIDENT & CEO

    Total calculated
    $888,860
    From this org
    $466,793
    From related orgs
    $381,920
    Other
    $40,147
    Hours/week
    26 + 14 related

    Schedule J breakdown matched by us

    Base
    $360,979 + $295,346 related
    Bonus
    $94,568 + $77,373 related
    Other
    $11,246 + $9,201 related
    Deferred
    $5,445 + $4,455 related
    Nontaxable benefits
    $16,636 + $13,611 related
    Filer's total
    $488,874 + $399,986 related

  • CRAIG FLANAGAN

    CFO

    Total calculated
    $363,206
    From this org
    $180,200
    From related orgs
    $147,437
    Other
    $35,569
    Hours/week
    26 + 14 related

    Schedule J breakdown matched by us

    Base
    $176,911 + $144,746 related
    Bonus
    $0
    Other
    $3,289 + $2,691 related
    Deferred
    $5,433 + $4,445 related
    Nontaxable benefits
    $14,130 + $11,561 related
    Filer's total
    $199,763 + $163,443 related

  • ALLISON MERCURIS PENDROY

    COO

    Total calculated
    $175,927
    From this org
    $89,519
    From related orgs
    $73,243
    Other
    $13,165
    Hours/week
    26 + 14 related

    Schedule J breakdown matched by us

    Base
    $89,519 + $73,243 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,241 + $5,924 related
    Filer's total
    $96,760 + $79,167 related

  • DAMON BUSKOHL

    WESLEY ON GRAND EXECUTIVE DIR

    Total calculated
    $246,033
    From this org
    $201,592
    From related orgs
    $0
    Other
    $44,441
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,116
    Bonus
    $0
    Other
    $476
    Deferred
    $6,262
    Nontaxable benefits
    $38,179
    Filer's total
    $246,033

  • NANCY BLOWERS-HAMILTON

    COTTAGES EXECUTIVE DIRECTO

    Total calculated
    $192,276
    From this org
    $149,888
    From related orgs
    $0
    Other
    $42,388
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,512
    Bonus
    $0
    Other
    $376
    Deferred
    $4,711
    Nontaxable benefits
    $37,677
    Filer's total
    $192,276

  • PETER GRAY

    HERITAGE HOUSE EXECUTIVE D

    Total calculated
    $174,734
    From this org
    $143,324
    From related orgs
    $0
    Other
    $31,410
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,072
    Bonus
    $0
    Other
    $1,252
    Deferred
    $4,440
    Nontaxable benefits
    $26,970
    Filer's total
    $174,734

  • VANI TSCHANTZ

    HALCYON HOUSE EXECUTIVE DI

    Total calculated
    $158,979
    From this org
    $129,098
    From related orgs
    $0
    Other
    $29,881
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,871
    Bonus
    $0
    Other
    $227
    Deferred
    $0
    Nontaxable benefits
    $29,881
    Filer's total
    $158,979

  • TERESA KRUEGER

    BRIO EXECUTIVE DIRECTOR

    Total calculated
    $146,523
    From this org
    $129,495
    From related orgs
    $0
    Other
    $17,028
    Hours/week
    40

  • HEATHER VENZ-FRANK

    THE VILLAGE EXECUTIVE DIRE

    Total calculated
    $159,125
    From this org
    $134,373
    From related orgs
    $0
    Other
    $24,752
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,473
    Bonus
    $0
    Other
    $900
    Deferred
    $4,023
    Nontaxable benefits
    $20,729
    Filer's total
    $159,125

  • GLEN LEWIS

    EDGEWATER EXECUTIVE DIRECT

    Total calculated
    $203,044
    From this org
    $175,122
    From related orgs
    $0
    Other
    $27,922
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,671
    Bonus
    $0
    Other
    $451
    Deferred
    $5,319
    Nontaxable benefits
    $22,603
    Filer's total
    $203,044

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
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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, PRESIDENT & CEO AND CRAIG FLANAGAN, CFO, EACH RECEIVED $3,600 FOR SOCIAL CLUB DUES; THIS BENEFIT WAS INCLUDED IN HIS TAXABLE W-2 COMPENSATION.
PART I, LINE 3
WESLEYLIFE DETERMINES THE CEO'S COMPENSATION. WESLEYLIFE, WCS AND WRS HAVE THE SAME BOARD MEMBERS. SEE SCHEDULE O FOR THE NARRATIVE RELATED TO FORM 990, PART VI, LINE 15 FOR FURTHER INFORMATION.
PART I, LINE 4B
THE FOLLOWING INDIVIDUAL MADE CONTRIBUTIONS TO THEIR 457(F) DEFERRED COMPENSATION PLAN IN 2023: JANET SIMPSON - $20,000 CRAIG FLANAGAN - $15,000 KRISTY VANDERWIEL - $25,000 AMY HUTCHINS - $10,000

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.

  • WESLEY COMMUNITY SERVICES INC

    501(C)(3) · HOME HEALTH CARE · IA · controlled entity

    Directly controlled by WESLEYLIFE

  • WESLEYLIFE

    501(C)(3) · SUPPORT WESLEY RETIREMENT SERVICES · IA

  • WELLSPIRE LLC

    501(C)(3) · SENIOR HOUSING DEVELOPMENT · IA · controlled entity

    Directly controlled by WESLEYLIFE

  • WESLEY FOUNDATION

    501(C)(3) · FUNDRAISING · IA · controlled entity

    Directly controlled by WESLEYLIFE

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
2023
Filed
25 March 2025
IRS schema version
2023v6.0
Source object
202510879349300021

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