Wesley Woods Senior Living Inc
- Assets
- $6.2m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 273
- Location
- Atlanta, GA
- Founding
- 07/2007
- Data as of
- 08/2021
- EIN
- 20-2157051
Organization Overview
Wesley Woods Senior Living Inc is located in Atlanta, GA. The organization was established in 2007. 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 08/2021, Wesley Woods Senior Living Inc employed 273 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wesley Woods Senior Living 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 08/2021, Wesley Woods Senior Living Inc generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $4.3m during the year ending 08/2021. While expenses have increased by 18.5% 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
OUR MISSION IS TO CREATE COMMUNITIES OF CONNECTION, WELL-BEING AND PROMISE
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESLEY WOODS SENIOR LIVING, INC. OPERATES AS A PARENT ORGANIZATION SUPPORTING RELATED EXEMPT ORGANIZATIONS WHICH ALL SERVE OLDER ADULTS PROVIDING HOUSING AND SERVICES BY PROVIDING EXECUTIVE, REGULATORY, ACCOUNTING, INFORMATION SERVICES, HUMAN RESOURCES AND MARKETING SUPPORT FUNCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Barcroft President & CEO | OfficerTrustee | 4 | $270,631 |
Lauri Ann Brooks Vpo | OfficerTrustee | 12 | $196,292 |
Diane Vaughan Director, President Of Foundation | Trustee | 2 | $187,197 |
Keith Gadd CFO & Secretary/treasurer | Officer | 1 | $162,660 |
Karen Kagiyama Director Of Pastoral Care | 20 | $129,983 | |
John Davie Fite Director Of Marketing & Public Relations | 20 | $124,302 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $857,475 |
| Government grants | $2,178,238 |
| 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 | $3,035,713 |
| Total Program Service Revenue | $1,840,497 |
| Investment income | $68,354 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $67,731 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,013,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,435,217 |
| 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. | $877,844 |
| Compensation of current officers, directors, key employees. | $566,739 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,044,990 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $255,820 |
| Payroll taxes | $122,331 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,513 |
| Fees for services: Accounting | $30,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,555 |
| Fees for services: Other | $159,695 |
| Advertising and promotion | $28,108 |
| Office expenses | $227,093 |
| Information technology | $13,481 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,520 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,602 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,699 |
| Insurance | $10,667 |
| All other expenses | $0 |
| Total functional expenses | $4,325,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,726,020 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $161 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $50,680 |
| Net Land, buildings, and equipment | $48,080 |
| Investments—publicly traded securities | $2,377,378 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,051 |
| Total assets | $6,214,370 |
| Accounts payable and accrued expenses | $291,328 |
| 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 | $2,000,000 |
| Other liabilities | $0 |
| Total liabilities | $2,291,328 |
| Net assets without donor restrictions | $3,912,946 |
| Net assets with donor restrictions | $10,096 |
| 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 | $6,214,370 |
Grants Awarded
Over the last fiscal year, Wesley Woods Senior Living Inc has awarded $1,435,217 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: OPERATIONAL SUPPORT | $618,943 |
Atlanta, GA PURPOSE: OPERATIONAL SUPPORT | $562,926 |
Atlanta, GA PURPOSE: OPERATIONAL SUPPORT | $237,478 |
Atlanta, GA PURPOSE: OPERATIONAL SUPPORT | $15,870 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wesley Woods Senior Living Inc has recieved totaling $857,475.
| Awarding Organization | Amount |
|---|---|
Foundation Of Wesley Woods Inc Atlanta, GA PURPOSE: PROGRAMMATIC SUPPORT FOR AFFILIATED RETIREMENT COMMUNITIES | $857,475 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Andrews Residence Of The Diocese Of Southeast Florida Inc West Palm Beach, FL | $295,539 | $24,065,641 |
Cypress Of Charlotte Club Inc Charlotte, NC | $4,602,507 | $19,033,502 |
Lavender Mountain Senior Living Inc Mount Berry, GA | $141,195,331 | $5,176,789 |
Cypress Club Inc Hilton Head Island, SC | $31,122,152 | $20,067,120 |
Westminster Pines Inc Orlando, FL | $103,132,021 | $15,458,662 |
Skidaway Health And Living Services Inc Savannah, GA | $89,340,251 | $17,567,308 |
Lake Prince Center Inc Newton, NC | $22,105,583 | $13,762,352 |
Palm Shores Retirement Community Inc Orlando, FL | $37,421,751 | $16,521,390 |
St George Village-Catholic Community Retirement Center Roswell, GA | $71,436,640 | $13,654,810 |
Wesley Homes Inc Atlanta, GA | $20,385,914 | $13,715,520 |
Tampa Life Plan Village Inc Tampa, FL | $57,175,002 | $4,514,952 |
Jewish Home Life Communities Inc Atlanta, GA | $30,539,364 | $15,353,434 |