Wesley Home Services Inc
- Assets
- $174.1k
- Revenue
- $295.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Cordova, TN
- Founding
- 09/1996
- Data as of
- 12/2022
- EIN
- 62-1642972
Organization Overview
Wesley Home Services Inc is located in Cordova, TN. The organization was established in 1996. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wesley Home 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 Home Services Inc generated $295.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.6%) each year. All expenses for the organization totaled $578.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE NON MEDICAL HOME SERVICES TO ASSIST PEOPLE "PRIMARILY ELDERLY" IN THEIR HOMES TO PREVENT NURSING HOME CARE, INCLUDING THOSE RECEIVING MEDICAID BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Andy Thompson Chairperson | 2 | $0 | |
Nancy Albonetti Vice Chairperson | 2 | $0 | |
Mary Lou Cushing Non- Voting Secretary/treasurer | 2 | $0 | |
Dr Cynthia Davis Director | 2 | $0 | |
Dwight Davis Director | 2 | $0 | |
Holly Mitchener Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $295,486 |
| Total Revenue | $295,486 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $289,554 |
| Pension plans, employee benefits | $17,702 |
| Interest | $0 |
| Taxes | $23,284 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,014 |
| Printing and publications | $0 |
| Other expenses | $223,761 |
| Total operating and administrative expenses | $578,365 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $578,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,078 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $73,439 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $38,610 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $174,127 |
| Accounts payable and accrued expenses | $115,766 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $115,766 |