Wesley Woods Senior Living Inc
- Assets
- $12.0m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 361
- Location
- Atlanta, GA
- Founding
- 07/2007
- Data as of
- 08/2023
- EIN
- 20-2157051
Organization Overview
Wesley Woods Senior Living Inc is located in Atlanta, GA. The organization was established in 2007. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 08/2023, Wesley Woods Senior Living Inc employed 361 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wesley Woods Senior Living Inc 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 08/2023, Wesley Woods Senior Living Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $3.5m during the year ending 08/2023. While expenses have increased by 10.6% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO CREATE COMMUNITIES OF CONNECTION, WELL-BEING AND PROMISE
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESLEY WOODS SENIOR LIVING, INC. OPERATES AS A PARENT ORGANIZATION SUPPORTING RELATED EXEMPT ORGANIZATIONS WHICH ALL SERVE OLDER ADULTS PROVIDING HOUSING AND SERVICES BY PROVIDING EXECUTIVE, REGULATORY, ACCOUNTING, INFORMATION SERVICES, HUMAN RESOURCES AND MARKETING SUPPORT FUNCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Barcroft President & CEO | OfficerTrustee | 13 | $298,303 |
Lauri Ann Brooks Vpo | OfficerTrustee | 12 | $208,347 |
Diane Vaughan Director, President Of Foundation | Trustee | 2 | $196,355 |
John Ethridge Chair | OfficerTrustee | 1 | $0 |
Glenn Warren Vice Chair | OfficerTrustee | 1 | $0 |
Cathy Berger Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $963,346 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $963,346 |
| Total Program Service Revenue | $2,220,050 |
| Investment income | $314,117 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,146 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,546,970 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,008 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $982,039 |
| Compensation of current officers, directors, key employees. | $627,444 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,276,124 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $317,468 |
| Payroll taxes | $144,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,475 |
| Fees for services: Accounting | $31,413 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,092 |
| Fees for services: Other | $242,621 |
| Advertising and promotion | $12,644 |
| Office expenses | $248,993 |
| Information technology | $15,271 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $28,373 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,981 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,454 |
| Insurance | $17,807 |
| All other expenses | $0 |
| Total functional expenses | $3,502,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,790,461 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,269 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,435 |
| Net Land, buildings, and equipment | $64,339 |
| Investments—publicly traded securities | $8,996,140 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $137,782 |
| Total assets | $12,041,426 |
| Accounts payable and accrued expenses | $287,943 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,782,328 |
| Total liabilities | $4,070,271 |
| Net assets without donor restrictions | $7,961,059 |
| Net assets with donor restrictions | $10,096 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,041,426 |
Grants Awarded
Over the last fiscal year, Wesley Woods Senior Living Inc has awarded $1,435,217 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WESLEY WOODS NEWNAN PEACHTREE CITY PURPOSE: OPERATIONAL SUPPORT | $618,943 |
WESLEY HOMES PURPOSE: OPERATIONAL SUPPORT | $562,926 |
WESLEY WOODS ATHENS PURPOSE: OPERATIONAL SUPPORT | $237,478 |
WESLEY WOODS INC PURPOSE: OPERATIONAL SUPPORT | $15,870 |