2025-11-13T15:44:02-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2024-01-01 911732317 WESLEY HOMES FOUNDATION WESL 2068701260 815 SOUTH 216TH STREET DES MOINES WA 98198 JIM YAMAMOTO VICE PRESIDENT OF FINANCE 2068701260 2025-11-10 1 1 KURT BENNION CPA P01469618 4252506100 2025-11-10 2024 2025-03-06 01:10:19Z SUSAN MCCONNELL 815 SOUTH 216TH STREET DES MOINES WA 98198 3948502 0 X WWW.WESLEYCHOICE.ORG X 1996 WA TO SUPPORT WESLEY HOMES AFFILIATES THROUGH FUNDRAISING INITIATIVES. 9 9 8 12 0 0 5690949 2706843 0 0 855096 850686 0 0 6546045 3557529 2419015 2652227 0 0 692363 773537 0 0 197493 185225 186073 3296603 3611837 3249442 -54308 19210686 20523846 693328 669256 18517358 19854590 X INSPIRED BY AND GROUNDED IN FAITH, WESLEY ENRICHES THE LIVES OF OLDER ADULTS THROUGH COMMUNITY, CHOICE AND CONTINUING CARE. 0 0 2143692 2050925 0 FUNDED BY DIRECT CONTRIBUTIONS FROM DONORS TO HELP WESLEY HOMES CAMPUSES REDUCE THE IMPACT TO OPERATIONAL EXPENSES INCURRED BY RESIDENT ACTIVITIES, CHAPLAINCY, AND RESIDENT LIBRARIES. 378781 378781 0 THE RESIDENT ASSISTANCE PROGRAMS ARE FUNDED BY DIRECT CONTRIBUTIONS AND ENDOWED CONTRIBUTIONS FROM DONORS TO HELP THE WESLEY HOMES CAMPUSES REDUCE THE IMPACT OF SUBSIDIES TO RESIDENTS WHO HAVE EXHAUSTED THEIR FINANCIAL MEANS TO RECEIVE INDEPENDENT AND ASSISTED LIVING SERVICES. 125783 125783 0 THE BISHOP MCCONNELL PROGRAMS ARE FUNDED BY WESLEY HOMES DES MOINES TO PROVIDE FOR THE MEDICAL AND OTHER NEEDS OF QUALIFIED INDEPENDENT LIVING, MEMORY CARE, AND CATERED LIVING RESIDENTS. 58796 58796 0 WESLEY HOMES FOUNDATION RAISED FUNDS FOR CAPITAL PROJECTS AT WESLEY HOMES DES MOINES AND WESLEY HOMES BRADLEY PARK TO ASSIST WITH THE CONSTRUCTION OF NEW FACILITIES IN EACH CAMPUS. 37942 37942 0 FUNDED BY EMPLOYEES OF WESLEY HOMES AND WESLEY HOMES FOUNDATION, AN EMPLOYEE ASSISTANCE PROGRAM PROVIDES ASSISTANCE GRANTS TO CURRENT EMPLOYEES WHO HAVE EXPERIENCED AN EVENT CAUSING FINANCIAL HARDSHIP OR ARE FURTHERING THEIR EDUCATION. 96738 96738 0 2744994 1 1 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 34 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 1 1 0 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/CEO 5.00 45.00 X 0 455680 37365 JIM YAMAMOTO VP OF FINANCE 5.00 45.00 X 0 256700 19819 SUSAN MCCONNELL EXECUTIVE DIRECTOR 50.00 0.00 X 228999 0 23854 DAVID SNOW DIRECTOR OF CAMPAIGNS 40.00 0.00 X 112835 0 18034 BILL FREITAG PRESIDENT (THROUGH MAY 2024) 1.00 1.00 X X 0 0 0 BRIAN GARRETT TREASURER & PRESIDENT 1.00 0.00 X X 0 0 0 BRIAN FREDERICK VICE PRESIDENT (THROUGH MAY 2024) 1.00 0.00 X X 0 0 0 DAVID BROOKE BOARD MEMBER & VICE PRESIDENT 1.00 0.00 X X 0 0 0 MARTHA HUBBARD BOARD MEMBER & TREASURER (THROUGH OCT 2024) 1.00 0.00 X X 0 0 0 NANCY OSBORNE SECRETARY 1.00 0.00 X X 0 0 0 SUZIE BURKE BOARD MEMBER 1.00 0.00 X 0 0 0 AL FRANZEN BOARD MEMBER 1.00 0.00 X 0 0 0 JEFFREY GUITE BOARD MEMBER 1.00 0.00 X 0 0 0 ANN LEWIS BOARD MEMBER 1.00 0.00 X 0 0 0 BRENT SMITH BOARD MEMBER 1.00 0.00 X 0 0 0 BRENT WILLIAMS-RUTH BOARD MEMBER 1.00 0.00 X 0 0 0 341834 712380 99072 2 0 1 0 0 2706843 344908 2706843 533195 533195 708464 390973 317491 317491 317491 3557529 0 0 850686 2614285 2614285 37942 37942 252854 126427 126427 439081 439081 11441 11441 23554 23554 46607 46607 89262 89262 7041 3500 3541 57747 113 57634 11826 11693 133 1998 23 1975 1729 1729 3784 3784 ALL OTHER EXPENSES 12686 5 1357 11324 3611837 2744994 669350 197493 1257512 810991 38849 16958 1064338 1877487 6190 12290 15008210 15172582 1835587 2633538 19210686 20523846 100295 157697 593033 511559 693328 669256 X 7981421 8962729 10535937 10891861 18517358 19854590 19210686 20523846 X -54308 1392464 -924 X X 0 1 X 1 0 X X 1 WESLEY HOMES 910583380 10 1 2614285 0 1 2614285 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 9539499 184201 1232868 10956568 7683472 34815 1821212 9539499 9668374 35267 -2020169 7683472 8263307 264871 1140196 9668374 6993128 2925 1267254 8263307 0.72621 0.27379 0.00000 0 0 0 ASSETS RESTRICTED FOR USE - GIFT ANNUITY 2091905 DUE FROM RELATED ORGANIZATIONS 541633 2633538 GIFT ANNUITIES 511559 511559 X 460533 1026057 460533 1486590 -1026057 89262 4494324 4583586 3557529 1522575 0 1522575 89262 2000000 2089262 3611837 PART III, LINE 4: WESLEY HOMES FOUNDATION HOLDS TWO WORKS OF ART. ONE PIECE IS IN THE SKILLED NURSING FACILITY AND THE OTHER PIECE IS IN THE INDEPENDENT AND ASSISTED LIVING FACILITY. BOTH PIECES ARE FOR THE ENJOYMENT OF THE RESIDENTS. PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO SUPPORT RESIDENT ASSISTANCE PROGRAMS. PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT CORPORATION, EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INERNAL REVENUE CODE. IN ADDITION, THE FOUNDATION HAS BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). 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 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTION FOR OPERATIONS 460,533. PART XI, LINE 4B - OTHER ADJUSTMENTS: DONOR RESTRICTED CONTRIBUTIONS, GIFTS AND BEQUESTS 2,268,653. DONOR-RESTRICTED INTEREST AND DIVIDEND INCOME 121,680. DONOR-RESTRICTED REALIZED GAIN ON SALE OF INVESTMENTS 59,717. UNRESTRICTED CONTRIBUTIONS, GIFTS AND BEQUESTS 438,190. NET INVESTMENT GAIN 1,606,084. PART XII, LINE 4B - OTHER ADJUSTMENTS: TRANSFERS TO AFFILIATES 2,000,000. 1 WESLEY HOMES DES MOINES LLC 815 S 216TH STREET DES MOINES WA 98198 203541243 501(C)(3) 2590393 0 RESIDENT HOUSING ASSISTANCE AND PROGRAM EXPENSES WESLEY HOMES BRADLEY PARK LLC 815 S 216TH STREET DES MOINES WA 98198 475289602 501(C)(3) 9597 0 SUPPORT FOR CAPITAL EXPENDITURES AND GENERAL OPERATING SUPPORT WESLEY HOMES LEA HILL LLC 32049 109TH PLACE SE AUBURN WA 98092 202347503 501(C)(3) 14295 0 GENERAL OPERATING SUPPORT 3 0 EDUCATIONAL ASSISTANCE 12 37942 PART I, LINE 2: ORGANIZATIONS: THE TRANSFERS LISTED ARE TO RELATED ORGANIZATIONS THAT ARE UNDER COMMON MANAGEMENT. TRANSFERS BETWEEN ORGANIZATIONS ARE TRACKED INTERNALLY THROUGH THE FINANCIAL REPORTING PROCESS. INDIVIDUALS: THERE IS NO SUBSEQUENT MONITORING OF FUNDS GRANTED TO EMPLOYEES ONCE THE APPLICATION FOR THE GRANT IS ACCEPTED. A 1099 IS ISSUED TO ALL GRANTEES WHOSE TOTAL GRANT IS EQUAL TO OR EXCEEDS $600. 0 0 0 0 0 0 0 0 0 KEVIN ANDERSON PRESIDENT/CEO 0 454176 0 0 0 1504 0 13800 0 23565 0 493045 0 0 JIM YAMAMOTO VP OF FINANCE 0 245918 0 10000 0 782 0 8325 0 11494 0 276519 0 0 SUSAN MCCONNELL EXECUTIVE DIRECTOR 228217 0 0 0 782 0 9401 0 14453 0 252853 0 0 0 PART I, LINE 3 THE PRESIDENT/CEO IS COMPENSATED BY WESLEY HOMES, A RELATED ENTITY. WHEN DETERMINING THE PRESIDENT/CEO'S COMPENSATION, WESLEY HOMES USES THE FOLLOWING METHODS: (1) INDEPENDENT COMPENSATION CONSULTANT (2) COMPENSATION SURVEY OR STUDY (3) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE X 3 344908 DAILY TRADING PRICE 0 0 0 0 PART I, COLUMN (B): AMOUNTS REPORTED IN PART I, COLUMN B REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED IN 2024. FORM 990, PART VI, SECTION A, LINE 3 WESLEY HOMES PROVIDES MANAGEMENT SERVICES FOR WESLEY HOMES FOUNDATION. WESLEY HOMES PROVIDES FINANCIAL ACCOUNTING, OPERATIONAL OVERSIGHT, HUMAN RESOURCES, INFORMATION TECHNOLOGY, CORPORATE COMPLIANCE, COORDINATED ADVERTISING AND MARKETING, AND NEW BUSINESS DEVELOPMENT. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS ORGANIZED AS A NONPROFIT CORPORATION WHOSE SOLE MEMBER IS WESLEY HOMES. FORM 990, PART VI, SECTION A, LINE 7A WESLEY HOMES HAS THE RIGHT TO PARTICIPATE IN THE SELECTION OF THE ORGANIZATION'S GOVERNING BODY. 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 EACH MAY, OR WHEN A NEW MEMBER ARRIVES ON THE BOARD, BOARD MEMBERS ARE GIVEN A DISCLOSURE FORM TO SIGN AND SUBMIT DECLARING ANY POSSIBLE CONFLICTS OF INTEREST. SHOULD CONFLICTS EXIST, THE CONFLICTS ARE DISCLOSED TO THE OTHER BOARD MEMBERS. BOARD MEETING MINUTES WOULD REFLECT THE CONFLICT AS IT RELATES TO A RELEVANT DISCUSSION AND THE MEMBER WITH THE CONFLICT WOULD ABSTAIN FROM THE DISCUSSION AND DECISION. EACH MEMBER HAS BEEN GIVEN THE POLICY UPON MEMBERSHIP TO THE BOARD. MONITORING OF CONFLICTS OF INTEREST IS MANAGED BY THE WESLEY HOMES EXECUTIVE ASSISTANT. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A PROCESS FOR DETERMINING COMPENSATION OF THE CEO AND OTHER MEMBERS OF THE EXECUTIVE TEAM THAT INCLUDES PARTNERING WITH AN INDEPENDENT, THIRD-PARTY COMPENSATION FIRM WHICH PROVIDES COMPARABILITY DATA. THIS INDEPENDENT COMPENSATION DATA ALONG WITH A REVIEW OF COMPA-RATIOS BASED ON STANDARD PAY SCALES PLUS JOB PERFORMANCE RATING, HELPS SUPPORT AND MEMORIALIZE COMPENSATIONS DECISIONS MADE. CEO COMPENSATION HAS AN ADDED LAYER OF REVIEW WHICH INCLUDES DELIBERATION OF CEO COMPENSATION AMONG THE BOARD OF TRUSTEES. THE COMPANY'S VICE PRESIDENT OF PEOPLE (HUMAN RESOURCES) LEADS THE ANNUAL SALARY ADMINISTRATION PROCESS. THE COMPANY IS COMMITTED TO ENSURING THAT INDIVIDUALS RECEIVE EQUAL PAY FOR EQUAL WORK, REGARDLESS OF GENDER, RACE, OR OTHER FACTORS. THIS IS HOW WE VALUE EACH EMPLOYEE AND INSPIRE CONFIDENCE IN OUR MISSION, VISION AND VALUES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED FOR FISCAL 2024. FORM 990, PART VI, SECTION C, LINE 19 WESLEY HOMES FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF CHARITABLE GIFT ANNUITY -924. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. WESLEY HOMES 815 S 216TH STREET DES MOINES WA 98198 910583380 HOUSING FOR THE AGED WA 501(C)(3) LINE 10 N/A 0 WESLEY HOME COMMUNITY HEALTH SERVICES 815 S 216TH STREET DES MOINES WA 98198 571160339 HOME HEALTH AGENCY WA 501(C)(3) LINE 10 WESLEY HOMES 0 0 1 1 1 1 0 0 0 0 0 0 1 1 1 1 0 1 0 0