Wesley Homes Pierce County
- Assets
- $96.4m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 49
- Location
- Des Moines, WA
- Founding
- 02/2019
- Data as of
- 12/2023
- EIN
- 82-3901394
Organization Overview
Wesley Homes Pierce County is located in Des Moines, WA. The organization was established in 2019. 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 12/2023, Wesley Homes Pierce County employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wesley Homes Pierce County is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RENTAL HOUSING AND RELATED SERVICES TO SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESLEY HOMES TEHALEH AT PIERCE COUNTY SERVES AN AVERAGE OF 205 SENIORS AT ANY ONE TIME IN INDEPENDENT APARTMENTS, BROWNSTONE CATERED LIVING AND ASSISTED LIVING. THIS CAMPUS EMPLOYS APPROXIMATELY 30 EMPLOYEES. WITH FULLY REFUNDABLE ENTRANCE DEPOSITS AND MODERATE MONTHLY FEES. THIS CAMPUS IS AFFORDABLE TO INDIVIDUALS OF MODEST MEANS WHILE PROVIDING HIGH QUALITY PROGRAMS AND AMENITIES TO PROMOTE ACTIVE AND HEALTHY AGING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Dumo Campus Administrator | Officer | 50 | $68,960 |
Mary Lotte Campus Administrator (through May 2023) | Officer | 50 | $58,327 |
Kevin Anderson President | OfficerTrustee | 1 | $0 |
Ed Rogel Chair | OfficerTrustee | 1 | $0 |
Daniel Lindh Vice President | OfficerTrustee | 1 | $0 |
Mark Meyer Secretary/treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrison Management Services Food Services | 12/30/23 | $1,470,000 |
Kevala Technologies Inc Staffing Services | 12/30/23 | $119,429 |
Klh Group Llc Landscaping | 12/30/23 | $112,784 |
Odean Capital Group Consulting Services | 12/30/23 | $112,383 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $750,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $750,000 |
| Total Program Service Revenue | $8,817,208 |
| Investment income | $281,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,866,766 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,386,808 |
| Pension plan accruals and contributions | $10,192 |
| Other employee benefits | $101,908 |
| Payroll taxes | $107,273 |
| Fees for services: Management | $433,051 |
| Fees for services: Legal | $4,970 |
| Fees for services: Accounting | $33,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,184 |
| Fees for services: Other | $1,620,529 |
| Advertising and promotion | $190,717 |
| Office expenses | $55,066 |
| Information technology | $6,529 |
| Royalties | $0 |
| Occupancy | $716,470 |
| Travel | $24,611 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,619,244 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,313,018 |
| Insurance | $127,218 |
| All other expenses | $57,227 |
| Total functional expenses | $14,509,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,208,141 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,737,177 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,511 |
| Net Land, buildings, and equipment | $84,701,497 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,780,079 |
| Total assets | $96,433,405 |
| Accounts payable and accrued expenses | $3,469,087 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $76,676,582 |
| Escrow or custodial account liability | $1,600,906 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,852,430 |
| Total liabilities | $100,599,005 |
| Net assets without donor restrictions | -$4,165,600 |
| Net assets with donor restrictions | $0 |
| 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 | $96,433,405 |