Wesleyan Foundation For Health And Aging Inc
- Assets
- $25.0m
- Revenue
- $1.7m
- Investments
- $7.1m
- Employees
- 0
- Location
- Shelton, CT
- Founding
- 06/1941
- Data as of
- 09/2021
- EIN
- 06-0606530
Organization Overview
Wesleyan Foundation For Health And Aging Inc, operating under the name The United Methodist Homes Foundation, is located in Shelton, CT. The organization was established in 1941. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Methodist Homes Foundation 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 09/2021, United Methodist Homes Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 33.1% each year . All expenses for the organization totaled $279.1k during the year ending 09/2021. While expenses have increased by 37.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AND DISTRIBUTE FUNDS TO AFFILIATES THAT CARE FOR SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RAISE AND DISTRIBUTE FUNDS TO AFFILIATES THAT CARE FOR SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Lawlor President/treasurer | OfficerTrustee | 1 | $0 |
Nancy Johmann Director/chairman | OfficerTrustee | 2 | $0 |
Victoria Dompierre Secretary | Officer | 0.5 | $0 |
Zvonimir Jukic Vice President Of Finance | Officer | 1 | $0 |
John D Ambler Director | Trustee | 2 | $0 |
Chad Cartier Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,250,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,236 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,323,236 |
| Total Program Service Revenue | $0 |
| Investment income | $352,290 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,261 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,701,787 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $226,704 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,986 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,581 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,722 |
| All other expenses | $0 |
| Total functional expenses | $279,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,377 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,646 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $16,725,968 |
| Investments—other securities | $7,128,097 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $914,839 |
| Total assets | $24,979,927 |
| Accounts payable and accrued expenses | $4,162 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,614,425 |
| Total liabilities | $1,618,587 |
| Net assets without donor restrictions | $20,536,567 |
| Net assets with donor restrictions | $2,824,773 |
| 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 | $24,979,927 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wesleyan Foundation For Health And Aging Inc has recieved totaling $1,800,000.
| Awarding Organization | Amount |
|---|---|
United Methodist Homes Inc Shelton, CT PURPOSE: general support | $1,800,000 |
Endowment Analysis
| Beg. Balance | $18,738,338 |
| Earnings | $3,885,715 |
| Net Contributions | $1,456,716 |
| Grants | $226,704 |
| Ending Balance | $23,854,065 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Newbridge On The Charles Inc Boston, MA | $302,355,064 | $54,466,975 |
Old Colony Elder Services Inc Brockton, MA | $21,708,151 | $57,499,133 |
Masonicare Health Center Wallingford, CT | $30,328,856 | $51,314,223 |
Trustees Of The Masonic Hall And Asylum Fund New York, NY | $379,711,052 | $51,080,560 |
New York Armenian Home Inc Forest Hills, NY | $920,237 | $91,924 |
North Hill Needham Inc Needham, MA | $218,215,357 | $46,801,004 |
Church Home Of Hartford Bloomfield, CT | $129,665,157 | $38,203,395 |
Church Homes Inc Congregational Hartford, CT | $66,814,716 | $47,094,677 |
Carleton Willard Homes Inc Bedford, MA | $84,483,009 | $38,647,048 |
The Gerry Homes Gerry, NY | $84,710,797 | $32,122,668 |
Fallon Health Weinberg Inc Getzville, NY | $39,412,564 | $35,899,883 |
Peconic Landing At Southold Inc Greenport, NY | $144,140,145 | $36,575,086 |