2025-11-13T15:47:29-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH 6TH STREET MINNEAPOLIS MN 55402 990 2024-01-01 823901394 WESLEY HOMES PIERCE COUNTY WESL 2068701260 815 SOUTH 216TH STREET DES MOINES WA 98198 JIM YAMAMOTO VICE PRESIDENT OF FINANCE 2068701260 2025-11-11 1 1 KURT BENNION CPA P01469618 6123764500 2025-11-11 2024 2025-03-06 01:10:19Z KEVIN ANDERSON 815 SOUTH 216TH STREET DES MOINES WA 98198 14111142 0 X WWW.WESLEYCHOICE.ORG X 2018 WA TO PROVIDE RENTAL HOUSING AND RELATED SERVICES TO SENIORS. 4 4 62 1 0 0 750000 2200000 8817208 11573785 281065 336561 18493 796 9866766 14111142 0 0 0 0 1606181 2121527 0 0 0 12903746 13702285 14509927 15823812 -4643161 -1712670 96433405 96029754 100599005 101908024 -4165600 -5878270 TO PLAN, DEVELOP AND OPERATE A SENIOR HOUSING CAMPUS IN PIERCE COUNTY, WASHINGTON, THAT WILL PROVIDE RENTAL HOUSING AND RELATED SERVICES TO SENIORS. 0 0 13738364 0 11388249 WESLEY HOMES TEHALEH AT PIERCE COUNTY SERVES AN AVERAGE OF 246 SENIORS AT ANY ONE TIME IN INDEPENDENT APARTMENTS, BROWNSTONE CATERED LIVING AND ASSISTED LIVING. THIS CAMPUS EMPLOYS APPROXIMATELY 63 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. 13738364 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 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 0 0 0 0 0 0 1 14 0 1 62 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X SYED RASHID 2068701310 18000 72ND AVENUE S SUITE 217 KENT WA 98032 KEVIN ANDERSON PRESIDENT 1.00 X X 0 0 0 ED ROGEL CHAIR 1.00 X X 0 0 0 DANIEL LINDH VICE PRESIDENT 1.00 X X 0 0 0 MARK MEYER SECRETARY/TREASURER 1.00 X X 0 0 0 JENNIFER DUMO CAMPUS ADMINISTRATOR (THROUGH JANUARY 2024) 50.00 X 10501 0 475 HEIDI DAVIS CAMPUS ADMINISTRATOR (AS OF MARCH 2024) 50.00 X 108185 0 5501 JIM YAMAMOTO VP OF FINANCE 1.00 X 0 0 0 118686 0 5976 1 0 0 0 MORRISON MANAGEMENT SERVICES PO BOX 102289 ATLANTA GA 303682289 FOOD SERVICES 1784827 KEVALA TECHNOLOGIES INC 218 MAIN STREET UNIT 756 KIRKLAND WA 98033 STAFFING SERVICES 225380 AIR SYSTEMS ENGINEERING INC 3602 SOUTH PINE STREET TACOMA WA 98409 REPAIR/MAINTENANCE 159917 D&D FLOOR COVERING INC 345 UNION AVE NE RENTON WA 98059 REPAIR/MAINTENANCE 103958 WALSH CONSTRUCTION 2905 SW FIRST AVENUE PORTLAND OR 97201 CONSTRUCTION 100092 5 2200000 2200000 RESIDENT REVENUE 623990 11388249 11388249 ANCILLARY INCOME 623990 185536 185536 11573785 336561 336561 MISCELLANEOUS INCOME 900099 796 796 796 14111142 11388249 0 522893 X 1786691 1286027 500664 20970 15094 5876 169271 121838 47433 144595 104077 40518 567876 432898 134978 6814 6814 37530 37530 7014 7014 1777102 1622775 154327 221541 93164 128377 53208 51233 1975 6589 2771 3818 943043 396577 546466 26459 11127 15332 4392498 4392498 4342595 4342595 131044 18964 112080 SUPPLIES 506095 487307 18788 REPAIRS & MAINTENANCE 428627 180250 248377 DIETARY EXPENSES 133216 128271 4945 MISCELLANEOUS EXPENSES 58445 24578 33867 62589 26320 36269 15823812 13738364 2085448 0 1208141 3200065 1737177 2098601 6511 6341 96218568 15699865 84701497 80518703 8780079 10206044 96433405 96029754 3469087 5867580 76676582 70281742 1600906 1335867 18852430 24422835 100599005 101908024 X -4165600 -5878270 -4165600 -5878270 96433405 96029754 -1712670 0 X X 0 1 X 1 0 X 4750000 750000 2200000 7700000 18117 1678743 5535520 8817208 11573785 27623373 18117 1678743 10285520 9567208 13773785 35323373 0 76054 76054 76054 76054 35247319 32542 6443 9624 281065 336561 666235 32542 6443 9624 281065 336561 666235 14 124033 18493 796 143336 50659 1685200 10419177 9866766 14111142 36132944 0.97550 0.98220 0.01840 0.01100 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 4979017 4979017 89212053 15132945 74079108 1655796 566920 1088876 371702 371702 80518703 RESIDENCY FEE DEPOSITS 836988 ASSETS RESTRICTED AS TO USE - BOND FUNDS 9369056 10206044 REFUNDABLE RESIDENCY FEES 24422835 24422835 X 11574581 0 11574581 2536561 2536561 14111142 15823812 0 15823812 0 15823812 PART IV, LINE 2B: THE ORGANIZATION HOLDS REFUNDABLE ADVANCE DEPOSITS FOR POTENTIAL RESIDENTS. IF A PERSON DECIDES THEY DO NOT WISH TO MOVE INTO THE FACILITY BEFORE A CONTRACT IS SIGNED, THEIR DEPOSIT LESS $5,000 IS REFUNDED. PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT CORPORATION, EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE FINANCIAL STATEMENTS. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS AND IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. PART XI, LINE 4B - OTHER ADJUSTMENTS: MEMBER CONTRIBUTIONS 2,200,000. INVESTMENT INCOME 336,561. A WASHINGTON STATE HOUSING FINANCE COMMISSION 911874730 939783YK6 2019-07-25 98700000 FACILITY CONSTRUCTION 0 0 0 A 25620000 98700000 6161244 4874868 3008927 2464331 82190630 2022 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: WASHINGTON STATE HOUSING FINANCE COMMISSION DATE THE REBATE COMPUTATION WAS PERFORMED: 02/22/2024 FORM 990, PART VI, SECTION A, LINE 3 WESLEY HOMES PROVIDES MANAGEMENT SERVICES FOR WESLEY HOMES PIERCE COUNTY. WESLEY HOMES PROVIDES FINANCIAL ACCOUNTING, OPERATIONAL OVERSIGHT, HUMAN RESOURCES, INFORMATION TECHNOLOGY, CORPORATE COMPLIANCE, COORDINATED ADVERTISING AND MARKETING, AND NEW BUSINESS DEVELOPMENT. KEVIN ANDERSON AND JIM YAMAMOTO ARE THE PRESIDENT/CEO AND VICE PRESIDENT OF FINANCE, RESPECTIVELY, OF WESLEY HOMES. THEIR 2024 COMPENSATION FROM WESLEY HOMES, INCLUDING NONTAXABLE BENEFITS, ARE AS FOLLOWS: KEVIN ANDERSON - $493,045 JIM YAMAMOTO - $276,519 A PORTION OF THOSE COMPENSATION AMOUNTS ARE FOR SERVICES PROVIDED TO WESLEY HOMES PIERCE COUNTY. FORM 990, PART VI, SECTION A, LINE 6 WESLEY HOMES PIERCE COUNTY HAS TWO MEMBERS, EACH WITH AN EQUAL 50% MEMBERSHIP INTEREST: WESLEY HOMES, A WASHINGTON NONPROFIT CORPORATION, AND PRESBYTERIAN HOMES AND SERVICES, A MINNESOTA NONPROFIT CORPORATION. BOTH MEMBERS ARE 501(C)(3) ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS THE POWER TO APPOINT OR REPLACE TWO MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B WESLEY HOMES, ONE OF THE MEMBERS, HAS THE RIGHT TO APPOINT THE CHAIR OF THE BOARD OF DIRECTORS. THE PRESIDENT/CEO OF WESLEY HOME ALSO SERVES AS THE PRESIDENT OF WESLEY HOMES PIERCE COUNTY. THE CFO OF PRESBYTERIAN HOMES AND SERVICES, THE OTHER MEMBER, SERVES AS THE TREASURER OF WESLEY HOMES PIERCE COUNTY. AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS REQUIRE APPROVAL OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWED IN DETAIL THE FORM 990. A COPY OF THE 990 WAS PRESENTED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C WESLEY HOMES PIERCE COUNTY HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO ALL OFFICERS, BOARD MEMBERS, AND MEMBERS OF COMMITTEES WITH BOARD-DESIGNATED POWERS. IF AN INDIVIDUAL HAS A POTENTIAL CONFLICT OF INTEREST RELATED TO A TRANSACTION, THEY DISCLOSE ITS EXISTENCE AND ARE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OR COMMITTEE CONTEMPLATING A TRANSACTION. AFTER SUCH DISCLOSURE, THE INDIVIDUAL LEAVES THE MEETING WHILE THE REMAINING BOARD OR COMMITTEE MEMBERS DETERMINE WHETHER A CONFLICT EXISTS AND VOTE ON WHETHER TO ENTER SUCH TRANSACTION. THE BOARD OR COMMITTEE CHAIR MAY DESIGNATE A DISINTERESTED PERSON TO EVALUATE ALTERNATIVES THAT DO NOT INVOLVE A CONFLICT OF INTEREST. IF THE BOARD OR A COMMITTEE HAS REASON TO BELIEVE AN INDIVIDUAL HAS VIOLATED THE CONFLICT OF INTEREST POLICY, THE INDIVIDUAL IS GIVEN THE OPPORTUNITY TO RESPOND, AFTER WHICH THE BOARD OR COMMITTEE DETERMINES WHETHER A VIOLATION HAS OCCURRED AND TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION C, LINE 19 WESLEY HOMES PIERCE COUNTY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER SERVICE FEES: PROGRAM SERVICE EXPENSES 1,622,775. MANAGEMENT AND GENERAL EXPENSES 154,327. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,777,102. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.