Wesley Retirement Services Inc
- Assets
- $290.6m
- Revenue
- $92.6m
- Investments
- $15.7m
- Employees
- 220
- Location
- Johnston, IA
- Founding
- 06/1950
- Data as of
- 12/2022
- EIN
- 42-0680440
Organization Overview
Wesley Retirement Services Inc is located in Johnston, IA. The organization was established in 1950. 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. As of 12/2022, Wesley Retirement Services Inc employed 220 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wesley Retirement Services 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 12/2022, Wesley Retirement Services Inc generated $92.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $98.2m during the year ending 12/2022. While expenses have increased by 3.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING HOUSING, HEALTH CARE, AND SUPPORT SERVICES FOR OLDER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESLEY RETIREMENT SERVICES WAS ESTABLISHED IN 1947 AS A FAITH-BASED NON-PROFIT ORGANIZATION AND HAS SINCE DEDICATED ITSELF TO PROVIDING HOUSING, HEALTHCARE, AND SUPPORT SERVICES TO OLDER ADULTS IN WAYS THAT ENHANCE THE WELL-BEING OF THOSE WE SERVE. WESLEYLIFE IS THE SOLE MEMBER OF WRS AND OF WESLEY COMMUNITY SERVICES, INC. (WCS), WHICH PROVIDES HOME AND COMMUNITY-BASED SERVICES. WRS IS A 501(C)(3) NON-PROFIT ORGANIZATION THAT OWNS AND OPERATES EIGHT COMMUNITIES FOR HEALTHY LIVING THAT OFFER A FULL CONTINUUM OF WELLNESS SERVICES. THOSE COMMUNITIES ARE: WESLEY ON GRAND IN DES MOINES; HALCYON HOUSE IN WASHINGTON; HERITAGE HOUSE IN ATLANTIC; THE VILLAGE IN INDIANOLA; PARK CENTRE IN NEWTON; EDGEWATER IN WEST DES MOINES; HEARTHSTONE IN PELLA AND BRIO OF JOHNSTON IN JOHNSTON, IOWA.OUR COMMUNITY BENEFITS FROM 2022 INCLUDE:- ACROSS THE ORGANIZATION, OVER 200 RESIDENTS WHO DEPLETED THEIR FINANCIAL RESOURCES THROUGH NO FAULT OF THEIR OWN RECEIVED A TOTAL OF $4,376,783 IN CHARITABLE ASSISTANCE THROUGH GOOD SAMARITAN OR GOOD SHEPHERD FUNDS TO ALLOW THEM TO REMAIN IN THEIR APARTMENTS OR TOWNHOMES. - IN 2022, IN INCREASING OUR REACH TO UNDERSERVED COMMUNITY MEMBERS, MEDICAID DAYS INCREASED BY 13% OVER LAST YEAR TO 54,385 DAYS.- COMMUNITY MEMBERS PARTICIPATED IN VARIOUS SUPPORT GROUPS OFFERED AT OUR COMMUNITIES, INCLUDING GROUPS FOR THOSE LIVING WITH ALZHEIMER'S DISEASE AND OTHER DEMENTIAS AS WELL AS CANCER AND PARKINSON'S DISEASE, AND SEVERAL OF OUR COMMUNITIES ALSO OFFER ROCK STEADY BOXING, A NATIONALLY RECOGNIZED CURRICULUM THAT CAN SLOW THE PROGRESSION OF PARKINSON'S. GROUPS ARE ALSO OPEN TO RESIDENTS' CAREGIVERS AND LOVED ONES. - WE OFFERED LUNCH-AND-LEARNS AND OTHER EDUCATIONAL PROGRAMMING DESIGNED TO PROMOTE HEALTH AND WELL-BEING AMONG OUR RESIDENTS, CLIENTS, AND TEAM MEMBERS. - MORE THAN 330 VOLUNTEERS PROVIDED MORE THAN 11,000 VOLUNTEER HOURS TO RESIDENTS, CLIENTS, AND TEAM MEMBERS- AS WE ARE INTEGRATED MEMBERS OF THE GREATER COMMUNITIES IN WHICH WE ARE LOCATED, OUR IMPACT DOES NOT STOP AT OUR DOORS. WE COLLECTED AND DONATED CLOTHING, COATS, BOOKS, HOUSEHOLD AND CLEANING SUPPLIES, PET FOOD, AND MORE TO AREA CHARITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Kretzinger President & CEO | Officer | 26 | $533,720 |
Craig Flanagan CFO | Officer | 26 | $201,455 |
Erin Hilligan COO | Officer | 26 | $188,602 |
Damon Buskohl Wesley Acres Executive Director | Officer | 40 | $197,954 |
Glen Lewis Edgewater Executive Director | Officer | 40 | $169,113 |
Nancy Blowers-Hamilton Cottages Executive Director | 40 | $143,751 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grape Tree Medical Staffing Nursing Pool | 12/30/22 | $3,981,634 |
Select Rehabilitation Therapy Services | 12/30/22 | $3,532,232 |
Rob Robinson Construction Construction Cont. | 12/30/22 | $828,324 |
Horton Robinson Construction Construction Cont. | 12/30/22 | $706,734 |
Heritage Interiors Flooring & Construction Cont. | 12/30/22 | $623,593 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $633,528 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,790,398 |
| Noncash contributions included in lines 1a–1f | $29,306 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,423,926 |
| Total Program Service Revenue | $90,336,775 |
| Investment income | -$891,181 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $720,751 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $92,590,271 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,232,475 |
| Compensation of current officers, directors, key employees. | $308,117 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,013,969 |
| Pension plan accruals and contributions | $779,583 |
| Other employee benefits | $4,715,946 |
| Payroll taxes | $3,059,964 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,290 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,974 |
| Fees for services: Other | $3,621,558 |
| Advertising and promotion | $592,856 |
| Office expenses | $300,698 |
| Information technology | $1,412,959 |
| Royalties | $0 |
| Occupancy | $8,592,573 |
| Travel | $227,380 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $313,568 |
| Interest | $5,079,160 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,050,598 |
| Insurance | $1,352,024 |
| All other expenses | $150,423 |
| Total functional expenses | $98,213,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,017,950 |
| Savings and temporary cash investments | $3,494,589 |
| Pledges and grants receivable | $331,625 |
| Accounts receivable, net | $5,130,790 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $476,179 |
| Prepaid expenses and deferred charges | $300,623 |
| Net Land, buildings, and equipment | $202,076,620 |
| Investments—publicly traded securities | $42,055,088 |
| Investments—other securities | $15,689,439 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,027,423 |
| Total assets | $290,600,326 |
| Accounts payable and accrued expenses | $7,078,577 |
| Grants payable | $0 |
| Deferred revenue | $17,713,603 |
| Tax-exempt bond liabilities | $153,100,744 |
| Escrow or custodial account liability | $96,879,094 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,370,311 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,588,618 |
| Total liabilities | $277,730,947 |
| Net assets without donor restrictions | -$1,842,551 |
| Net assets with donor restrictions | $14,711,930 |
| 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 | $290,600,326 |