Wesley Manor Retirement Community Inc
- Assets
- $11.7m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 199
- Location
- Louisville, KY
- Founding
- 12/1971
- Data as of
- 06/2023
- EIN
- 61-0561689
Organization Overview
Wesley Manor Retirement Community Inc is located in Louisville, KY. The organization was established in 1971. 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 06/2023, Wesley Manor Retirement Community Inc employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wesley Manor Retirement Community 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 06/2023, Wesley Manor Retirement Community Inc generated $12.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $10.7m during the year ending 06/2023. While expenses have increased by 2.4% 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
WESLEY MANOR'S MISSION, AS A FULL CONTINUUM OF CARE RETIREMENT COMMUNITY, IS TO SERVE ITS' RESIDENTS AND FAMILIES WITH A DEDICATED AND PROFESSIONAL STAFF IN A NURTURING CHRISTIAN ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION'S PRINCIPAL ACTIVITY IS PROVIDING NURSING CARE AND RETIREMENT SERVICES THROUGH 148 LICENSED BEDS AND SIXTY RETIREMENT PATIO HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Wardlaw Board Member | Trustee | 2 | $0 |
John L Conrad III Board Member | Trustee | 2 | $0 |
Ken Curry Board Member | Trustee | 2 | $0 |
Eric Harden Board Member | Trustee | 2 | $0 |
Billy Hopkins IV Board Member | Trustee | 2 | $0 |
Linda King Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Encore Therapy | 6/29/21 | $404,286 |
Sherman Carter Barnhart Architects Architect Fees | 6/29/21 | $159,850 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,026,641 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,164 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,044,805 |
| Total Program Service Revenue | $9,330,759 |
| Investment income | $19,279 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,220 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,461,290 |
| 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. | $344,289 |
| Compensation of current officers, directors, key employees. | $344,289 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,081,649 |
| Pension plan accruals and contributions | $1,864 |
| Other employee benefits | $317,554 |
| Payroll taxes | $397,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,504 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,011 |
| Advertising and promotion | $99,374 |
| Office expenses | $216,440 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,298,697 |
| Travel | $5,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $576,071 |
| Insurance | $0 |
| All other expenses | $629,337 |
| Total functional expenses | $10,671,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $595,453 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $783,642 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $206,714 |
| Prepaid expenses and deferred charges | $187,663 |
| Net Land, buildings, and equipment | $6,255,722 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,671,207 |
| Total assets | $11,700,401 |
| Accounts payable and accrued expenses | $1,507,248 |
| 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 | $757,630 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,015,051 |
| Total liabilities | $9,279,929 |
| Net assets without donor restrictions | $1,734,821 |
| Net assets with donor restrictions | $685,651 |
| 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 | $11,700,401 |