2024-07-12T16:49:11-05:00 2023-08-31 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2022-09-01 580909393 WESLEY HOMES INC WESL 4047286299 1817 CLIFTON ROAD NE ATLANTA GA 303294021 TERRY BARCROFT PRESIDENT AND CEO 4047286299 2024-07-12 1 TERRY BARCROFT XXX-XX-XXXX 1 MARY JO ALEXANDER P00002534 7709558600 2024-07-12 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z TERRY BARCROFT 1817 CLIFTON ROAD NE ATLANTA GA 303294021 14208058 0 X WWW.WESLEYWOODS.ORG X 1962 GA OUR MISSION IS TO CREATE COMMUNITIES OF CONNECTION, WELL-BEING AND PROMISE 5 3 99 2063 0 0 1599638 1412498 12868137 12700981 3589 12137 91062 82442 14562426 14208058 0 0 0 0 4499455 4331124 0 0 0 9792705 10105132 14292160 14436256 270266 -228198 20193659 19813951 12106558 11954811 8087101 7859140 OUR MISSION IS TO CREATE COMMUNITIES OF CONNECTION, WELL-BEING AND PROMISE 0 0 10917827 12700981 WESLEY HOMES, INC OPERATES FIVE RETIREMENT APARTMENT COMMUNITIES SERVING MODERATE, LOW, VERY LOW AND EXTREMELY LOW-INCOME OLDER ADULTS. SERVICES INCLUDE BUILDING AND APARTMENT MAINTENANCE, GROUNDS MAINTENANCE, 24-HOUR STAFFING, WELLNESS, AND LIFE ENRICHMENT PROGRAMS AND SERVICE COORDINATION. SOME COMMUNITIES OFFER LICENSED PERSONAL CARE SERVICES AND DINING. WESLEY HOMES HAD A TOTAL OF 51 RENTAL UNITS AVAILABLE WITH AN AVERAGE OCCUPANCY RATE OF 94.24% FOR FISCAL YEAR 2023. 10917827 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 99 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X WESLEY WOODS SENIOR LIVING INC 4047286210 1817 CLIFTON ROAD NE ATLANTA GA 30329 TERRY BARCROFT PRESIDENT & CEO 13.00 27.00 X X 0 298303 23773 LAURI ANN BROOKS DIRECTOR, VPO 12.00 28.00 X X 0 208347 19161 GLENN WARREN CHAIR 1.00 2.00 X X 0 0 0 CATHIE BERGER DIRECTOR 1.00 2.00 X 0 0 0 DIANE VAUGHAN DIRECTOR 1.00 2.00 X 0 0 0 BRANDON VALASEK CFO & SECRETARY/TREASURER 4.00 36.00 X 0 167784 8876 0 674434 51810 0 0 1 0 0 781181 631317 1412498 APARTMENT RENTAL AND SERVICES 531110 12700981 12700981 12700981 11931 11931 206 0 206 206 206 CAFETERIA, BEAUTY SHOP, VENDING 900099 82442 82442 82442 14208058 12700981 0 94579 X 3382670 2416926 965744 129780 83731 46049 558384 395724 162660 260290 179297 80993 813025 813025 35405 35405 105534 105534 1463591 1294949 168642 186888 1081 185807 689921 478214 211707 38278 4245 34033 3183921 3101586 82335 43125 17733 25392 54870 14599 40271 11657 11657 1164244 1164244 536336 82969 453367 SECURITY 644487 644487 FOOD COSTS 507085 500387 6698 REPAIRS & MAINTENANCE 496265 496265 DUES & SUBCRIPTIONS 49006 17180 31826 81494 12553 68941 14436256 10917827 3518429 0 2465334 1008377 500918 0 365971 102699 79373 68955 465016 490687 50898929 39859710 11551801 11039219 2724390 4765246 4379624 20193659 19813951 944049 1077247 14170 12643 416926 434701 10406413 10105220 325000 325000 12106558 11954811 X 7309383 6709293 777718 1149847 8087101 7859140 20193659 19813951 -228198 237 0 X X 0 1 X 1 0 X 1292972 921077 1549686 1599638 1412498 6775871 12271204 12302119 12029179 12868137 12700981 62171620 13564176 13223196 13578865 14467775 14113479 68947491 0 0 0 68947491 7002 5123 4653 3268 11931 31977 7002 5123 4653 3268 11931 31977 80179 86277 131449 91062 82442 471409 13651357 13314596 13714967 14562105 14207852 69450877 0.99280 0.99280 0.00050 0.00030 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 80,179. 2019 AMOUNT: $ 86,277. 2020 AMOUNT: $ 131,449. 2021 AMOUNT: $ 91,062. 2022 AMOUNT: $ 82,442. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2168454 2168454 37121801 30364248 6757553 10460417 8556231 1904186 1148257 939231 209026 11039219 FUNDED RESERVES 2414713 INTEREST IN NET ASSETS OF AFFILIATE 1498952 RESIDENT SECURITY DEPOSITS 457550 DUE FROM RELATED PARTIES 8409 4379624 X PART IV, LINE 2B: WESLEY HOMES, INC LEASES APARTMENTS AND HOLDS TENANT SECURITY DEPOSITS IN SEPARATE BANK ACCOUNTS. HOWEVER, THERE ARE NO FORMAL ESCROW AGREEMENTS IN PLACE WITH ANY FINANCIAL INSTITUTIONS. PART X, LINE 2: MANAGEMENT EVALUATED THE CORPORATION'S TAX POSITIONS AND CONCLUDED THAT THE CORPORATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. 0 0 0 0 0 0 0 0 0 TERRY BARCROFT PRESIDENT & CEO 0 298303 0 0 0 0 0 14955 0 8818 0 322076 0 0 LAURI ANN BROOKS DIRECTOR, VPO 0 208347 0 0 0 0 0 10417 0 8744 0 227508 0 0 BRANDON VALASEK CFO & SECRETARY/TREASURER 0 167784 0 0 0 0 0 400 0 8476 0 176660 0 0 FORM 990, PART VI, SECTION A, LINE 3 A RELATED ENTITY, WESLEY WOODS SENIOR LIVING, INC PROVIDES MANAGEMENT SERVICES TO THE FILING ORGANIZATION AND WAS COMPENSATED $813,025. FORM 990, PART VI, SECTION B, LINE 11B DRAFT COPIES OF THE FORM 990 ARE SUPPLIED TO MEMBERS OF THE AUDIT COMMITTEE OF WESLEY HOMES, INC AND SENIOR MANAGEMENT PRIOR TO A SCHEDULED AUDIT COMMITTEE MEETING. AT THAT MEETING, EACH SECTION OF THE FORM 990 AND ACCOMPANYING SCHEDULES ARE REVIEWED BY THE COMMITTEE AND DISCUSSED THOROUGHLY WITH SENIOR MANAGEMENT AND EXTERNAL AUDITORS, IF NECESSARY. ANY ADDITIONS, DELETIONS AND/OR MODIFICATIONS AGREED UPON BY THE COMMITTEE ARE INCORPORATED INTO THE RETURN. A COPY OF THE FINAL FORM 990 IS THEN PROVIDED TO EACH BOARD MEMBER AND FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST QUESTIONNAIRE IS REQUIRED TO BE COMPLETED ANNUALLY BY BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES. IN ADDITION, EACH PERSON IS SWORN TO BRING TO THE ATTENTION OF MANAGEMENT OR THE BOARD ANY CONFLICT OF INTEREST THAT SHOULD ARISE DURING THE YEAR. ALL CONFLICT OF INTEREST ISSUES ARE REVIEWED AND APPROVED OR DISAPPROVED BY THE EXECUTIVE COMMITTEE OR BOARD OF DIRECTORS, IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION STUDIES FROM EXECUTIVE SEARCH FIRMS AND/OR SIMILAR STUDIES CONDUCTED BY THE HUMAN RESOURCES DEPARTMENT ARE USED IN DETERMINING THE SALARY OF OFFICERS AND KEY MANAGEMENT PERSONNEL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT AVAILABLE THROUGH ANY TYPE OF PUBLICLY AVAILABLE PRINT MEDIA OR WEBSITE. HOWEVER, ANY PERSON REQUESTING SUCH DOCUMENTS IN PERSON, WRITING, EMAIL OR PHONE WILL BE PROVIDED A PRINTED OR ELECTRONIC COPY OF THESE DOCUMENTS. FORM 990, PART IX, LINE 11G CS-CONTRACT LABOR: PROGRAM SERVICE EXPENSES 318,131. MANAGEMENT AND GENERAL EXPENSES 90,953. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 409,084. CS-DIETICIAN: PROGRAM SERVICE EXPENSES 3,600. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,600. CS-PAYROLL/HR PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 26,172. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,172. CS-PROFESSIONAL: PROGRAM SERVICE EXPENSES 308,875. MANAGEMENT AND GENERAL EXPENSES 51,517. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 360,392. CS-PURCHASED/ SOLD SERVICES: PROGRAM SERVICE EXPENSES 664,343. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 664,343. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES TO THE AUDITOR SELECTION PROCESS NOR FINANCIAL STATEMENT OVERSIGHT PROCESS. THE SAME AUDITORS AS THE PREVIOUS YEAR CONTINUED TO PERFORM AUDIT SERVICES. FORM 990, PART V, LINE 2A ALL EMPLOYEES ARE EMPLOYED DIRECTLY BY THE PARENT COMPANY, WESLEY WOODS SENIOR LIVING (WWSL), AND LEASED TO THE REPORTING ORGANIZATION. ALL EMPLOYMENT TAX RETURNS WERE FILED BY WWSL. W-2S AND 1099S ARE ISSUED BY RELATED ENTITY WESLEY WOODS SENIOR LIVING, EIN 20-2157051. WESLEY HOMES, INC. REIMBURSES WWSL VIA MANAGEMENT FEES FOR COMPENSATION, BENEFITS, AND PAYROLL TAXES PAID ON THEIR BEHALF. IN FY23, THERE WERE 99 LEASED EMPLOYEES. WESLEY WOODS SENIOR LIVING INC 1817 CLIFTON ROAD NE ATLANTA GA 30329 202157051 CONTINUING CARE RETIREMENT CENTER GA 501(C)(3) LINE 10 N/A 0 WESLEY WOODS INC 1817 CLIFTON ROAD NE ATLANTA GA 30329 582082943 DEVELOP & MAINTAIN RETIREMENT COTTAGES GA 501(C)(3) LINE 10 WESLEY WOODS SENIOR LIVING INC 1 WESLEY WOODS OF NEWNAN-PEACHTREE CITY INC 1817 CLIFTON ROAD NE ATLANTA GA 30329 582190280 CONTINUING CARE RETIREMENT CENTER GA 501(C)(3) LINE 10 WESLEY WOODS SENIOR LIVING INC 1 WESLEY WOODS OF ATHENS INC 1817 CLIFTON ROAD NE ATLANTA GA 30329 582190281 CONTINUING CARE RETIREMENT CENTER GA 501(C)(3) LINE 10 WESLEY WOODS SENIOR LIVING INC 1 WESLEY WOODS AT HOME INC 1817 CLIFTON ROAD NE ATLANTA GA 30329 822310432 HOME CARE SERVICES GA 501(C)(3) LINE 10 N/A 0 FOUNDATION OF WESLEY WOODS INC 1817 CLIFTON ROAD NE ATLANTA GA 30329 581543164 PROVIDE CHARITABLE SUPPORT GA 501(C)(3) LINE 12C, III-FI WESLEY WOODS SENIOR LIVING INC 1 WESLEY WOODS MANAGEMENT CORPORTATION INC 1817 CLIFTON ROAD NE ATLANTA GA 30329 900336642 CCRC MANAGEMENT SERVICES GA N/A C 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 0 FOUNDATION OF WESLEY WOODS INC C 781181 CASH