2025-05-15T15:59:01-05:00 2024-06-30 994625061 CRI ADVISORS LLC 1601 2ND AVENUE EAST ONEONTA AL 35121 990 2023-07-01 630777878 WESLEY ACRES A METHODIST HOME FOR THE AGING INC WESL 2059512442 1520 COOPER HILL ROAD BIRMINGHAM AL 35210 MIKE FAULKNER CFO 2059512442 2025-05-15 1 0 JONATHAN D THOMAS P00833737 2055176914 2025-05-14 2023 2025-03-06 01:10:19Z CHRISTOPHER W TOMLIN 1520 COOPER HILL ROAD BIRMINGHAM AL 35210 898548 0 X METHODISTHOMES.ORG X 1980 AL PROVIDE SUBSIDIZED HOUSING FOR THE ELDERLY 4 4 10 4 0 0 0 0 841333 892450 339 519 2848 5579 844520 898548 0 0 0 0 133047 108409 0 0 0 577934 576221 710981 684630 133539 213918 1821869 2025371 2333825 2323443 -511956 -298072 PROVIDE SUBSIDIZED HOUSING FOR THE ELDERLY. 0 0 612750 898029 TO PROVIDE HOUSING TO LOW-INCOME PERSONS THROUGH HUD SEC 207 AND SECTION 8 PROGRAMS. 612750 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 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 1 0 0 0 1 6 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MIKE FAULKNER 2059512442 1520 COOPER HILL ROAD BIRMINGHAM AL 35210 ROBERT L MCKEE III SECRETARY 0.00 X X 0 0 0 ROBERT C SCALES SR PRESIDENT 0.00 X X 0 0 0 CARL R LONG VICE PRESIDENT 0.00 X X 0 0 0 CHRISTOPHER W TOMLIN PRESIDENT & CEO 1.00 50.00 X 0 417254 0 0 417254 0 0 0 1 0 0 RENT INCOME-GROSS POTE 531110 520281 520281 TENANT ASSISTANCE PAYM 531110 450403 450403 RENT INCOME-STORES/COM 531110 2100 2100 VACANCY LOSSES -80334 -80334 892450 519 519 LAUNDRY & VENDING INCO 531110 2445 2445 TENANT CHARGE 531110 1799 1799 MISC RENT REVENUE 531110 1303 1303 32 32 5579 898548 898029 0 519 91688 91688 9292 9292 7429 7429 55129 55129 16751 16751 615 615 6814 6814 235038 235038 94293 94293 70564 70564 39958 39958 OTHER EXPENSES 33498 33498 OPERATING/MAINTENANCE E 13743 13743 FINANCIAL FEES 9818 9818 684630 612750 71880 0 21923 142544 9917 50892 25222 49067 51726 4378895 3488561 833972 890334 881768 889875 1821869 2025371 151219 69176 2072266 2150422 110340 103845 2333825 2323443 X -511956 -298072 -511956 -298072 1821869 2025371 X 213918 -34 X X 0 1 X 1 1 1 X 31298 0 0 31298 798163 796899 854817 841333 895552 4186764 798163 796899 886115 841333 895552 4218062 0 0 0 4218062 78 26 36 339 519 998 78 26 36 339 519 998 2801 2801 798241 796925 886151 844473 896071 4221861 0.99910 0.99920 0.00020 0.00010 X 60000 60000 3376038 2765742 610296 758337 552807 205530 184520 170012 14508 890334 MTG REPLACEMENT RESERVE ESCROW 409726 RESIDUAL RECEIPTS RESERVE 25241 MTG ESCROW DEPOSITS 10293 INVESTMENTS-ENTITY 370271 INTANGIBLE ASSETS 74344 889875 OTHER LOANS AND NOTES 69911 TENANT DEPOSITS HELD IN TRUST 33934 103845 X 898516 0 898516 32 32 898548 684630 0 684630 0 684630 PART X, LINE 2: WESLEY ACRES IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, NOT-FOR-PROFIT PURPOSES. THE INTERNAL REVENUE SERVICE HAS, IN PRIOR YEARS, ISSUED ITS DETERMINATION LETTER REFLECTING THAT WESLEY ACRES IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO INCOME TAX PROVISION HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. WESLEY ACRES IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR CALENDAR YEARS UP TO AND INCLUDING 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: K-1 INCOME FROM WESLEY GLEN, LTD X X X X 0 1 0 0 0 0 0 0 0 CHRISTOPHER W TOMLIN PRESIDENT & CEO 0 417254 0 0 0 0 0 0 0 0 0 417254 0 0 PART I, LINE 3: COMPENSATION PROCESS FOR TOP OFFICIALS- THE FINANCE COMMITTEE OF THE BOARD OF THE METHODIST HOME FOR THE AGING SHALL SET THE COMPENSATION FOR THE EXECUTIVE STAFF. THE EXECUTIVE STAFF SHALL RECOMMEND COMPENSATION FOR KEY EMPLOYEES AND STAFF AT ALL THE FACILITIES. THE RECOMMENDATIONS ARE REVEIWED, APPROVED, OR MODIFIED BY THE FINANCE COMMITTEE. WESLEY ACRES OFFICERS ARE NOT COMPENSATED. PART I, LINE 4B: CHRISTOPHER TOMLIN $22,500 IN NONQUALIFIED BENEFIT FORM 990, PART VI, SECTION A, LINE 3 WESLEY ACRES HAS A HUD APPROVED MANAGEMENT CONTRACT WITH METHODIST HOME FOR THE AGING (THE SPONSOR AND CONTROLLING ENTITY). WESLEY ACRES BOARD/OFFICERS ARE APPOINTED BY THE BOARD OF METHODIST HOME FOR THE AGING A 501(C)3 NOT FOR PROFIT CORPORATION ORGANIZED TO PROVIDE LONG TERM CARE FOR THE AGING. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE METHODIST HOME FOR THE AGING EXECUTIVE STAFF AND WESLEY ACRES OFFICERS. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY-ALL INTERESTED PERSONS MUST SIGN AN ANNUAL CONFLICT-OF-INTEREST STATEMENT. A CONFLICT OF INTEREST COMMITTEE WAS APPOINTED BY THE METHODIST HOME FOR THE AGING BOARD TO MONITOR AND ENFORCE CONFLICT OF INTEREST ISSUES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIALS- THE FINANCE COMMITTEE OF THE BOARD OF THE METHODIST HOME FOR THE AGING SHALL SET THE COMPENSATION FOR THE EXECUTIVE STAFF. THE EXECUTIVE STAFF SHALL RECOMMEND COMPENSATION FOR KEY EMPLOYEES AND STAFF AT ALL THE FACILITIES. THE RECOMMENDATIONS ARE REVIEWED, APPROVED, OR MODIFIED BY THE FINANCE COMMITTEE. COMPENSATION PROCESS FOR OFFICERS: WESLEY ACRES OFFICERS ARE NOT COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION- BY APPOINTMENT, EXAMINATION CAN BE MADE AT 1520 COOPER HILL ROAD, BIRMINGHAM, AL 35210. FORM 990, PART XI, LINE 9: ROUNDING -2. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ANY PROCESSES FROM PRIOR YEARS. METHODIST HOME FOR THE AGING 1521 COOPER HILL ROAD BIRMINGHAM AL 35210 630376518 RETIREMENT AL 501(C)(3) LINE 10 NO 0 WESLEY ACRES II 700 CEDAR LAKE ROAD SW501 DECATUR AL 35603 631190834 HUS HOUSING AL 501(C)(3) LINE 10 NO 0 WESLEY GLEN LTD 1520 COOPER HILL ROAD BIRMINGHAM AL 35210 631186364 HOUSING AL N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 METHODIST HOME FOR THE AGING M 55129 ACTUAL VALUE WESLEY ACRES II O 23457 ACTUAL VALUE WESLEY GLEN LTD O 16297 ACTUAL VALUE