Wesley Towers Inc
- Assets
- $28.4m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 264
- Location
- Hutchinson, KS
- Founding
- 07/1974
- Data as of
- 06/2021
- EIN
- 48-0803058
Organization Overview
Wesley Towers Inc is located in Hutchinson, KS. The organization was established in 1974. 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 06/2021, Wesley Towers Inc employed 264 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wesley Towers 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 06/2021, Wesley Towers Inc generated $11.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $11.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A RETIREMENT COMPLEX FOR THE ELDERLY INCLUDING THE PROVIDING OF FACILITIES, SERVICES, HEALTHCARE, AND REHABILITATION FOR RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A RETIREMENT COMPLEX FOR THE ELDERLY INCLUDING THE PROVIDING OF FACILITIES, SERVICES, HEALTHCARE, AND REHABILITATION FOR RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Mains President/ceo | Officer | 40 | $154,946 |
Susan Kensill CFO | 40 | $117,841 | |
Barbara Zody Resident Rep. | OfficerTrustee | 1 | $0 |
Shannon Holmberg Secretary | OfficerTrustee | 1 | $0 |
Bishop Rueben Saenz Jr Bishop | OfficerTrustee | 1 | $0 |
Steve Seltzer Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Summit Care Inc Therapy Service | 6/29/21 | $366,346 |
Sallee Lawn Care Lawn Care | 6/29/21 | $171,073 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,453,138 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,055 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,454,193 |
| Total Program Service Revenue | $8,893,724 |
| Investment income | $7,092 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,269 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,341,740 |
| 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. | $176,219 |
| Compensation of current officers, directors, key employees. | $176,219 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,084,560 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $436,521 |
| Payroll taxes | $394,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,020,064 |
| Advertising and promotion | $0 |
| Office expenses | $449,658 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $468,871 |
| Travel | $6,898 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $313,020 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,345,797 |
| Insurance | $207,232 |
| All other expenses | $71,758 |
| Total functional expenses | $11,570,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,522 |
| Savings and temporary cash investments | $1,815,501 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $450,005 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $152,736 |
| Prepaid expenses and deferred charges | $66,587 |
| Net Land, buildings, and equipment | $14,363,934 |
| Investments—publicly traded securities | $604,308 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,962,345 |
| Total assets | $28,417,938 |
| Accounts payable and accrued expenses | $1,015,666 |
| Grants payable | $0 |
| Deferred revenue | $24,897 |
| Tax-exempt bond liabilities | $6,259,163 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,960,375 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,260,101 |
| Net assets without donor restrictions | $3,902,673 |
| Net assets with donor restrictions | $6,255,164 |
| 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 | $28,417,938 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wesley Towers Inc has recieved totaling $15,235.
| Awarding Organization | Amount |
|---|---|
Kansas Area United Methodist Foundation Inc Hutchinson, KS PURPOSE: SENIOR CARE | $15,230 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $169,166 |
| Ending Balance | $169,166 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bethesda Foundation Colorado Springs, CO | $104,909,820 | $43,407,177 |
Lakeview Village Inc Lenexa, KS | $137,708,063 | $49,070,478 |
Frasier Meadows Manor Inc Boulder, CO | $252,296,856 | $40,732,560 |
Friendship Village Of West County Chesterfield, MO | $195,171,509 | $29,494,334 |
Bslc Ii Colorado Springs, CO | $101,154,124 | $30,600,534 |
Larksfield Place Retirement Communities Inc Wichita, KS | $52,859,205 | $27,697,106 |
Central Oklahoma United Methodist Retirement Facility Inc Oklahoma City, OK | $92,530,594 | $26,932,223 |
Ascension Living Alexian Village Tennesee St Louis, MO | $81,127,396 | $25,054,380 |
Village Shalom Inc Overland Park, KS | $95,247,964 | $19,643,376 |
Christian Homes Inc St Louis, MO | $88,969,288 | $25,728,575 |
Congregational Home Topeka, KS | $55,530,899 | $25,393,014 |
St Andrews Resources For Seniors St Louis, MO | $73,029,515 | $21,721,576 |