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Nonprofiteer
← WESLEY WOODS OF NEWNAN-PEACHTREE CITY INC

Form 990 for tax year 2023

Filed by WESLEY WOODS OF NEWNAN-PEACHTREE CITY INC.

Totals

Total revenue
$11,186,951
Total expenses
$11,498,153
Contributions and grants received
$99,288
Grants paid
$0
Program service revenue
$10,755,985
Investment income
$272,035
Other revenue
$59,643
Total assets, end of year
$28,098,442
Total liabilities, end of year
$37,128,030
Net assets or fund balances, end of year
-$9,029,588
Program services expenses (Part IX)
$9,761,057
Management and general expenses
$1,737,096
Fundraising expenses
$0
Program service expenses (Part III)
$9,761,057

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.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $99,288

  • 2a · Program service revenue: RENTALS AND SERVICES

    total $10,755,985 · related or exempt $10,755,985

  • 3 · Investment income

    total $179,350 · excluded $179,350

  • 7a · Gross sales of assets other than inventory

    securities $88,267 · other assets $4,418

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $88,267 · other assets $4,418

  • 7d · Net gain or loss

    total $92,685 · excluded $92,685

  • 11a · Other revenue: VENDING, PARKING, MEALS AND OTHER

    total $59,643 · excluded $59,643

  • 11e · Other revenue, total

    $59,643

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $140,692 · program services $112,554 · management and general $28,138

  • 7 · Other salaries and wages

    total $2,907,778 · program services $2,440,324 · management and general $467,454

  • 8 · Pension plan contributions

    total $92,649 · program services $77,840 · management and general $14,809

  • 9 · Other employee benefits

    total $466,827 · program services $392,209 · management and general $74,618

  • 10 · Payroll taxes

    total $229,212 · program services $192,423 · management and general $36,789

  • 11a · Fees: management

    total $576,730 · management and general $576,730

  • 11b · Fees: legal

    total $3,519 · management and general $3,519

  • 11c · Fees: accounting

    total $28,700 · management and general $28,700

  • 11f · Fees: investment management

    total $12,264 · management and general $12,264

  • 11g · Fees: other

    total $491,891 · program services $399,872 · management and general $92,019

  • 12 · Advertising and promotion

    total $118,066 · program services $95,777 · management and general $22,289

  • 13 · Office expenses

    total $253,077 · program services $201,560 · management and general $51,517

  • 14 · Information technology

    total $57,179 · program services $45,743 · management and general $11,436

  • 16 · Occupancy

    total $2,889,465 · program services $2,720,367 · management and general $169,098

  • 17 · Travel

    total $13,883 · program services $278 · management and general $13,605

  • 22 · Depreciation, depletion and amortization

    total $1,620,558 · program services $1,588,167 · management and general $32,391

  • 23 · Insurance

    total $309,956 · program services $287,087 · management and general $22,869

  • 24a · Other expenses: FOOD COSTS

    total $694,870 · program services $680,971 · management and general $13,899

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $287,970 · program services $230,360 · management and general $57,610

  • 24c · Other expenses: SUPPLIES

    total $280,121 · program services $274,518 · management and general $5,603

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $9,828 · program services $9,631 · management and general $197

  • 24e · All other expenses

    total $12,918 · program services $11,376 · management and general $1,542

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $769,487 · end of year $405,763

  • 2 · Savings and temporary cash investments

    beginning of year $2,563,199 · end of year $3,015,199

  • 4 · Accounts receivable

    beginning of year $164,320 · end of year $60,105

  • 8 · Inventories for sale or use

    beginning of year $55,600 · end of year $39,535

  • 9 · Prepaid expenses and deferred charges

    beginning of year $601,291 · end of year $448,492

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

    $43,976,321

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

    $24,228,321

  • 10c · Land, buildings and equipment, net

    beginning of year $19,611,254 · end of year $19,748,000

  • 11 · Investments: publicly traded securities

    beginning of year $3,398,615 · end of year $3,916,941

  • 15 · Other assets

    beginning of year $489,718 · end of year $464,407

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,204,731 · end of year $843,829

  • 19 · Deferred revenue

    beginning of year $2,539,799 · end of year $2,850,734

  • 20 · Tax-exempt bond liabilities

    beginning of year $15,418,566 · end of year $14,952,491

  • 23 · Secured mortgages and notes payable

    beginning of year $103,414 · end of year $65,810

  • 25 · Other liabilities

    beginning of year $17,535,419 · end of year $18,415,166

  • 27 · Net assets without donor restrictions

    beginning of year -$9,629,335 · end of year -$9,493,995

  • 28 · Net assets with donor restrictions

    beginning of year $480,890 · end of year $464,407

Mission and programs · 2023

Mission

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

  • WESLEY WOODS OF NEWNAN-PEACHTREE CITY'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,, PERSONAL CARE, SKILLED CARE, ALONG WITH FOOD SERVICES AND ACTIVITIES IN A COMMUNITY SETTING. THE PROJECT CONSISTS OF 84 INDEPENDENT LIVING, 45 PERSONAL CARE AND MEMORY CARE AND 23 SKILLED CARE UNITS WITH AN AVERAGE OCCUPANCY RATE OF 86.25% AS OF 08/31/2024.

    Expenses $9,761,057 · Revenue $10,755,985

As filed on the 2023 return.

Listed in Part VII

  • Terry Barcroft

    PRESIDENT & CEO

    Total calculated
    $338,649
    From this org
    $0
    From related orgs
    $315,578
    Other
    $23,071
    Hours/week
    13 + 27 related

    Schedule J breakdown matched by us

    Base
    $0 + $315,578 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,620 related
    Nontaxable benefits
    $0 + $8,451 related
    Filer's total
    $0 + $338,649 related

  • Lauri Ann Brooks

    VPO, DIRECTOR

    Total calculated
    $238,993
    From this org
    $0
    From related orgs
    $220,288
    Other
    $18,705
    Hours/week
    12 + 28 related

    Schedule J breakdown matched by us

    Base
    $0 + $220,288 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,265 related
    Nontaxable benefits
    $0 + $8,440 related
    Filer's total
    $0 + $238,993 related

  • Tom Jackson

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Diane Vaughan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Steve Threlkeld

    EXECUTIVE DIRECTOR

    Total calculated
    $140,692
    From this org
    $135,068
    From related orgs
    $0
    Other
    $5,624
    Hours/week
    40

  • Brandon Valasek

    CFO & SECRETARY/TREASURER

    Total calculated
    $202,385
    From this org
    $0
    From related orgs
    $180,019
    Other
    $22,366
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,019 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,620 related
    Nontaxable benefits
    $0 + $13,746 related
    Filer's total
    $0 + $202,385 related

  • Beth Tripp

    MANAGER, SALES AND MARKETI

    Total calculated
    $110,801
    From this org
    $104,587
    From related orgs
    $0
    Other
    $6,214
    Hours/week
    40

  • Sheron Stevenson

    ASSISTANT ADMINISTRATOR

    Total calculated
    $159,619
    From this org
    $144,879
    From related orgs
    $0
    Other
    $14,740
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,879
    Bonus
    $0
    Other
    $0
    Deferred
    $7,260
    Nontaxable benefits
    $7,480
    Filer's total
    $159,619

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.

  • WESLEY HOMES INC

    501(C)(3) · LOW INCOME SENIOR HOUSING · GA

    Directly controlled by WESLEY WOODS SENIOR LIVING INC

  • WESLEY WOODS INC

    501(C)(3) · DEVELOP & MAINTAIN RETIREMENT COTTAGES · GA

    Directly controlled by WESLEY WOODS SENIOR LIVING INC

  • WESLEY WOODS OF ATHENS INC

    501(C)(3) · CONTINUING CARE RETIREMENT CENTER · GA

    Directly controlled by WESLEY WOODS SENIOR LIVING INC

  • WESLEY WOODS SENIOR LIVING INC

    501(C)(3) · ADMINISTRATIVE SUPPORT OF EXEMPT ORGANIZATIONS · GA

  • WESLEY WOODS AT HOME INC

    501(C)(3) · HOME CARE SERVICES · GA

  • FOUNDATION OF WESLEY WOODS INC

    501(C)(3) · SUPPORTING ORGANIZATION · GA

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.

  • WESLEY WOODS MANAGEMENT CORPORTATION INC

    C · CCRC MANAGEMENT SERVICES · GA

Provenance

Return type
form_990
Tax year
2023
Filed
15 July 2025
IRS schema version
2023v6.0
Source object
202511969349300241

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