Wesleyan Foundation For Health And Aging Inc

Organization Overview

Wesleyan Foundation For Health And Aging Inc, operating under the name The United Methodist Homes Foundation, is located in Shelton, CT. The organization was established in 1941. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Methodist Homes Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2021, United Methodist Homes Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 33.1% each year . All expenses for the organization totaled $279.1k during the year ending 09/2021. While expenses have increased by 37.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE AND DISTRIBUTE FUNDS TO AFFILIATES THAT CARE FOR SENIORS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO RAISE AND DISTRIBUTE FUNDS TO AFFILIATES THAT CARE FOR SENIORS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,250,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$73,236
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,323,236
Total Program Service Revenue$0
Investment income $352,290
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $26,261
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,701,787

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Wesleyan Foundation For Health And Aging Inc has recieved totaling $1,800,000.

Awarding OrganizationAmount
United Methodist Homes Inc

Shelton, CT

PURPOSE: general support

$1,800,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$18,738,338
Earnings$3,885,715
Net Contributions$1,456,716
Grants$226,704
Ending Balance$23,854,065

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