Wesley Homes
- Assets
- $313.2m
- Revenue
- $61.3m
- Investments
- $0.0
- Employees
- 624
- Location
- Des Moines, WA
- Founding
- 08/1945
- Data as of
- 12/2022
- EIN
- 91-0583380
Organization Overview
Wesley Homes is located in Des Moines, WA. The organization was established in 1945. 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 12/2022, Wesley Homes employed 624 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wesley Homes 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 Homes generated $61.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $66.8m during the year ending 12/2022. While expenses have increased by 7.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RETIREMENT HOUSING AND CARE SERVICES FOR OLDER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESLEY HOMES DES MOINES SERVES AN AVERAGE OF 537 SENIORS AT ANY ONE TIME IN INDEPENDENT COTTAGES/APARTMENTS, ASSISTED LIVING AND SKILLED NURSING. THIS CAMPUS EMPLOYS APPROXIMATELY 155 PEOPLE WHO PROVIDE CARE GIVING AND HOSPITALITY SERVICES. IT ALSO HOUSES THE OFFICES FOR THE PACIFIC NORTHWEST CONFERENCE OF THE UNITED METHODIST CHURCH. WESLEY HOMES DES MOINES HAS VARIOUS PROGRAMS TO ASSIST RESIDENTS WITH MONTHLY FEES BASED ON AN ANALYSIS OF INDIVIDUAL NEED. RESIDENTS BENEFITED FROM THE BISHOP MCCONNELL PROGRAM IN 2022. SINCE ITS 2001 INCEPTION, THE ORGANIZATION HAS SUBSIDIZED $5,385,542 IN RESIDENCY AND SERVICE FEES FOR BISHOP MCCONNELL SCHOLARSHIP RESIDENTS.
WESLEY HOMES LEA HILL SERVES AN AVERAGE OF 248 SENIORS AT ANY ONE TIME IN INDEPENDENT COTTAGES/APARTMENTS, ASSISTED LIVING AND SKILLED NURSING. THIS CAMPUS EMPLOYS APPROXIMATELY 74 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.STAFF AND RESIDENTS AT WESLEY HOMES LEA HILL ARE COMMITTED TO SUPPORTING OTHER COMMUNITY ORGANIZATIONS SUCH AS CHILDREN'S THERAPY CENTER OF KENT BY PROVIDING THE INDOOR POOL FOR THE CHILDREN'S WATER THERAPY PROGRAM. THEY ALSO SUPPORT ELEMENTARY SCHOOLS, THE AUBURN FOOD BANK, THE AUBURN SENIOR CENTER, AND FAMILIES DEALING WITH AGING ISSUES BY PROVIDING VOLUNTEERS, DONATIONS AND SUPPORT GROUPS.
WESLEY HOMES BRADLEY PARK SERVES AN AVERAGE OF 234 SENIORS AT ANY ONE TIME IN INDEPENDENT APARTMENTS, BROWNSTONE CATERED LIVING AND ASSISTED LIVING. THIS CAMPUS EMPLOYS APPROXIMATELY 32 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 |
|---|---|---|---|
Kevin Anderson President/ceo | Officer | 40 | $393,138 |
Jim Yamamoto VP Of Finance | Officer | 40 | $224,257 |
Christine Tremain VP Of Marketing | Officer | 40 | $206,048 |
Kevin Lang VP Of I.t. | 50 | $155,118 | |
Neal Martino VP Of Human Resources | Officer | 40 | $160,870 |
Syed Rashid Controller | 40 | $129,446 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrison Management Services Food Service Management | 12/30/22 | $7,841,327 |
Walsh Construction Construction | 12/30/22 | $18,189,199 |
Senior Housing Partners Consulting Services | 12/30/22 | $1,937,566 |
Hamlin Capital Advisors Llc Consulting Services | 12/30/22 | $1,231,138 |
Edge Construction Llc Construction | 12/30/22 | $1,536,455 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,191,356 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,191,356 |
| Total Program Service Revenue | $56,572,870 |
| Investment income | $692,308 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,232,113 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,318,257 |
| 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. | $1,076,647 |
| Compensation of current officers, directors, key employees. | $1,076,647 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,226,589 |
| Pension plan accruals and contributions | $367,181 |
| Other employee benefits | $1,691,388 |
| Payroll taxes | $1,293,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $177,215 |
| Fees for services: Accounting | $110,079 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $99,509 |
| Fees for services: Other | $11,685,635 |
| Advertising and promotion | $422,364 |
| Office expenses | $801,913 |
| Information technology | $31,790 |
| Royalties | $0 |
| Occupancy | $2,826,782 |
| Travel | $93,941 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,362 |
| Interest | $10,214,270 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,488,524 |
| Insurance | $904,420 |
| All other expenses | $0 |
| Total functional expenses | $66,841,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,138,547 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,697,867 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,160 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $625,920 |
| Net Land, buildings, and equipment | $242,031,159 |
| Investments—publicly traded securities | $25,070,125 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,653,275 |
| Total assets | $313,221,053 |
| Accounts payable and accrued expenses | $13,657,688 |
| Grants payable | $0 |
| Deferred revenue | $529,863 |
| Tax-exempt bond liabilities | $210,109,555 |
| Escrow or custodial account liability | $1,134,673 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,637,765 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $81,451,949 |
| Total liabilities | $310,521,493 |
| Net assets without donor restrictions | $2,699,560 |
| 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 | $313,221,053 |
Grants Awarded
Over the last fiscal year, Wesley Homes has awarded $3,630,974 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WESLEY HOMES FOUNDATION PURPOSE: TO SUPPORT GENERAL OPERATIONS. | $451,603 |
WESLEY HOMES COMMUNITY HEALTH SERVICES PURPOSE: TO SUPPORT GENERAL OPERATIONS | $1,082,661 |
WESLEY HOMES AT HOME LLC PURPOSE: TO SUPPORT GENERAL OPERATIONS | $1,716,408 |
WESLEY HOMES HOSPICE LLC PURPOSE: TO SUPPORT GENERAL OPERATIONS | $380,302 |