Wesley Manor Retirement Community Inc
- Assets
- $9.2m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 189
- Location
- Louisville, KY
- Founding
- 12/1971
- Data as of
- 06/2022
- 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 06/2022, Wesley Manor Retirement Community Inc employed 189 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 06/2022, Wesley Manor Retirement Community Inc generated $9.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $9.9m during the year ending 06/2022. While expenses have increased by 1.6% per year over the past 7 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
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 146 LICENSED BEDS AND SIXTY RETIREMENT PATIO HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Stephens VP - Finance | Officer | 40 | $139,510 |
Jerry Hoganson President | Officer | 40 | $132,071 |
Deanna Young VP - Nursing | Officer | 40 | $110,843 |
Billy Hopkins IV Vice Chairperson | OfficerTrustee | 2 | $0 |
Steve Jones Treasurer | OfficerTrustee | 2 | $0 |
Craig Reynolds Chairperson | 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 |
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 | $36,533 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,410 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,943 |
| Total Program Service Revenue | $8,985,259 |
| Investment income | $24,833 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,692 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,135,157 |
| 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. | $396,801 |
| Compensation of current officers, directors, key employees. | $276,039 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,095,396 |
| Pension plan accruals and contributions | $15,150 |
| Other employee benefits | $342,272 |
| Payroll taxes | $405,191 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,504 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,778 |
| Advertising and promotion | $80,631 |
| Office expenses | $169,357 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,120,450 |
| Travel | $1,592 |
| 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 | $575,606 |
| Insurance | $0 |
| All other expenses | $317,992 |
| Total functional expenses | $9,880,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $682,302 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $923,177 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $232,638 |
| Prepaid expenses and deferred charges | $134,572 |
| Net Land, buildings, and equipment | $6,602,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $649,281 |
| Total assets | $9,224,359 |
| Accounts payable and accrued expenses | $986,638 |
| Grants payable | $0 |
| Deferred revenue | $4,668 |
| 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 | $939,110 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,700,063 |
| Total liabilities | $8,630,479 |
| Net assets without donor restrictions | $649,281 |
| Net assets with donor restrictions | -$55,401 |
| 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 | $9,224,359 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wesley Manor Retirement Community Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Kings Daughters And Sons Foundation Of Kentucky Inc Georgetown, KY PURPOSE: PARTIAL FUNDING FOR A NEW FIRE ALARM SYSTEM. | $10,000 |
Endowment Analysis
| Beg. Balance | $775,315 |
| Earnings | -$126,034 |
| Ending Balance | $649,281 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
Wesleyan Senior Care Inc Elyria, OH | $38,781,786 | $23,501,325 |
The Glebe Inc Glen Allen, VA | $79,347,451 | $20,057,701 |
Saint Anne Home And Retirment Community Fort Wayne, IN | $21,467,824 | $25,970,139 |
Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |
Alliance Foundation Of Florida Inc Fairfax, VA | $3,980,019 | $2,209,632 |
Prairie Landing Community Inc Indianapolis, IN | $109,459,923 | $13,961,062 |
Hubbard Hill Estates Inc Elkhart, IN | $40,723,668 | $16,327,220 |
Fairhaven Christian Home Rockford, IL | $28,131,692 | $15,992,551 |
Mother Angeline Mccrory Manor Inc Columbus, OH | $23,036,099 | $15,389,300 |
Villa St Benedict Lisle, IL | $63,409,322 | $15,184,886 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |