2025-07-15T14:59:56-05:00 2024-08-31 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2023-09-01 582190280 WESLEY WOODS OF NEWNAN- PEACHTREE CITY INC WESL 4047286299 1817 CLIFTON ROAD NE ATLANTA GA 30329 TERRY BARCROFT PRESIDENT/CEO 4047286299 2025-07-15 1 0 MARY JO ALEXANDER P00002534 7709558600 2025-07-15 2023 2025-03-06 01:10:19Z TERRY BARCROFT 1817 CLIFTON ROAD NE ATLANTA GA 30329 11186951 0 X WWW.WESLEYWOODS.ORG X 1995 GA OUR MISSION IS TO CREATE COMMUNITIES OF CONNECTION, WELL-BEING AND PROMISE 4 2 69 225 0 0 146040 99288 9749808 10755985 170302 272035 427332 59643 10493482 11186951 0 0 0 0 4492490 3837158 0 0 0 6075209 7660995 10567699 11498153 -74217 -311202 27653484 28098442 36801929 37128030 -9148445 -9029588 OUR MISSION IS TO CREATE COMMUNITIES OF CONNECTION, WELL-BEING AND PROMISE 0 0 9761057 10755985 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. 9761057 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 0 0 1 69 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 2 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 4047286299 1817 CLIFTON ROAD NE ATLANTA GA 30329 TERRY BARCROFT PRESIDENT & CEO 13.00 27.00 X X 0 315578 23071 LAURI ANN BROOKS VPO, DIRECTOR 12.00 28.00 X X 0 220288 18705 TOM JACKSON CHAIR 1.00 2.00 X X 0 0 0 DIANE VAUGHAN DIRECTOR 1.00 2.00 X 0 0 0 STEVE THRELKELD EXECUTIVE DIRECTOR 40.00 X 135068 0 5624 BRANDON VALASEK CFO & SECRETARY/TREASURER 4.00 36.00 X 0 180019 22366 BETH TRIPP MANAGER, SALES AND MARKETI 40.00 X 104587 0 6214 SHERON STEVENSON ASSISTANT ADMINISTRATOR 40.00 X 144879 0 14740 384534 715885 90720 3 0 1 0 0 99288 99288 RENTALS AND SERVICES 531110 10755985 10755985 10755985 179350 179350 88267 4418 0 0 88267 4418 92685 92685 VENDING, PARKING, MEALS AND OTHER 900099 59643 59643 59643 11186951 10755985 0 331678 140692 112554 28138 2907778 2440324 467454 92649 77840 14809 466827 392209 74618 229212 192423 36789 576730 576730 3519 3519 28700 28700 12264 12264 491891 399872 92019 118066 95777 22289 253077 201560 51517 57179 45743 11436 2889465 2720367 169098 13883 278 13605 1620558 1588167 32391 309956 287087 22869 FOOD COSTS 694870 680971 13899 REPAIRS AND MAINTENANCE 287970 230360 57610 SUPPLIES 280121 274518 5603 BAD DEBT EXPENSE 9828 9631 197 12918 11376 1542 11498153 9761057 1737096 0 769487 405763 2563199 3015199 164320 60105 55600 39535 601291 448492 43976321 24228321 19611254 19748000 3398615 3916941 489718 464407 27653484 28098442 1204731 843829 2539799 2850734 15418566 14952491 103414 65810 17535419 18415166 36801929 37128030 X -9629335 -9493995 480890 464407 -9148445 -9029588 27653484 28098442 -311202 430059 0 X X 0 1 X 1 0 X 41653 694342 118857 146040 99288 1100180 8952741 8503862 8641135 9749808 10755985 46603531 8994394 9198204 8759992 9895848 10855273 47703711 0 0 0 47703711 134537 137942 135928 170302 179350 758059 134537 137942 135928 170302 179350 758059 169127 97358 151863 427332 59643 905323 9298058 9433504 9047783 10493482 11094266 49367093 0.96630 0.96350 0.01540 0.01580 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: VENDING/MEALS/PARKING/OTHER - 2019 AMOUNT: $ 169,127. 2020 AMOUNT: $ 97,358. 2021 AMOUNT: $ 151,863. 2022 AMOUNT: $ 265,178. 2023 AMOUNT: $ 59,643. PROCEEDS FROM INSURANCE SETTLEMENT - 2022 AMOUNT: $ 162,154. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 434904 434904 417553 17351 434904 418546 -993 417553 419565 -1019 418546 419732 -167 419565 1.00000 0 1 1 609485 609485 37781656 21513784 16267872 1564127 1016938 547189 3718930 2462320 1256610 302123 -764721 1066844 19748000 DEPOSIT LIABILITIES 18415166 18415166 X 11604746 430059 430059 11174687 12264 12264 11186951 11485889 0 11485889 12264 12264 11498153 PART V, LINE 4: THE ENDOWMENT FUND WAS ESTABLISHED TO FINANCIALLY ASSIST RESIDENTS AND PROSPECTIVE RESIDENTS OF WESLEY WOODS OF NEWNAN-PEACHTREE CITY IN ORDER TO PAY ALL OR A PORTION OF THEIR INITIAL DEPOSITS AND/OR MONTHLY FEES. PART X, LINE 2: WESLEY WOODS OF NEWNAN-PEACHTREE CITY, INC. ("THE CCRC"), QUALIFIES AS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3) AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS A PUBLICLY SUPPORTED ORGANIZATION AND NOT AS A PRIVATE FOUNDATION. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE CCRC'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE CCRC FOLLOWS THE STATUTORY REQUIREMENTS FOR ITS INCOME TAX ACCOUNTING AND GENERALLY AVOIDS RISKS ASSOCIATED WITH POTENTIALLY PROBLEMATIC TAX POSITIONS THAT MAY BE CHALLENGED UPON EXAMINATION. MANAGEMENT BELIEVES ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING ADDITIONAL INCOME TAXES FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE CCRC'S TAXEXEMPT STATUS WOULD NOT HAVE A MATERIAL EFFECT ON THE CCRC'S FINANCIAL STATEMENTS. THE CCRC FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF GEORGIA. 0 0 0 0 0 0 0 0 0 TERRY BARCROFT PRESIDENT & CEO 0 315578 0 0 0 0 0 14620 0 8451 0 338649 0 0 LAURI ANN BROOKS VPO, DIRECTOR 0 220288 0 0 0 0 0 10265 0 8440 0 238993 0 0 BRANDON VALASEK CFO & SECRETARY/TREASURER 0 180019 0 0 0 0 0 8620 0 13746 0 202385 0 0 SHERON STEVENSON ASSISTANT ADMINISTRATOR 144879 0 0 0 0 0 7260 0 7480 0 159619 0 0 0 A RESIDENTIAL CARE FACILITIES FOR THE ELDERLY AUTHORITY OF COWETA COUNTY 911873228 22366NAG6 2021-12-02 16460320 REFUNDING MORTGAGE 0 0 0 A 815000 16460320 15451540 8780 1000000 1 0 0 0 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 A 0 FORM 990, PART V, LINE 2A ALL EMPLOYEES ARE EMPLOYED DIRECTLY BY THE PARENT ORGANIZATION, WESLEY WOODS SENIOR LIVING (WWSL), AND LEASED TO THE REPORTING ENTITY. 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 WOODS OF NEWMAN-PEACHTREE CITY, INC REIMBURSES WWSL FOR COMPENSATION, BENEFITS AND PAYROLL TAXES PAID ON THEIR BEHALF. 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 $479,377. FORM 990, PART VI, SECTION B, LINE 11B DRAFT COPIES OF THE FORM 990 ARE SUPPLIED TO MEMBERS OF THE AUDIT COMMITTEE OF WESLEY WOODS SENIOR LIVING, 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 XII, LINE 2C: THERE HAVE BEEN NO CHANGES TO THE AUDITOR SELECTION PROCESS OR THE FINANCIAL STATEMENT OVERSIGHT PROCESS. THE SAME AUDITORS AS THE PREVIOUS YEAR CONTINUED TO PERFORM AUDIT SERVICES. WESLEY HOMES INC 1817 CLIFTON ROAD NE ATLANTA GA 30329 580909393 LOW INCOME SENIOR HOUSING GA 501(C)(3) LINE 10 WESLEY WOODS SENIOR LIVING INC 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 0 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 0 WESLEY WOODS SENIOR LIVING INC 1817 CLIFTON ROAD NE ATLANTA GA 30329 202157051 ADMINISTRATIVE SUPPORT OF EXEMPT ORGANIZATIONS GA 501(C)(3) LINE 10 N/A 0 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 SUPPORTING ORGANIZATION GA 501(C)(3) LINE 12C, III-FI N/A 0 WESLEY WOODS MANAGEMENT CORPORTATION INC 1817 CLIFTON ROAD NE ATLANTA GA 30329 900336642 CCRC MANAGEMENT SERVICES GA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0