Wesley Retirement Services Inc

Organization Overview

Wesley Retirement Services Inc is located in Johnston, IA. The organization was established in 1950. 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. Wesley Retirement 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 12/2021, Wesley Retirement Services Inc generated $96.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $92.0m during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING HOUSING, HEALTH CARE, AND SUPPORT SERVICES FOR OLDER ADULTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WESLEY RETIREMENT SERVICES WAS ESTABLISHED IN 1947 AS A FAITH-BASED NON-PROFIT ORGANIZATION AND HAS SINCE DEDICATED ITSELF TO PROVIDING HOUSING, HEALTHCARE, AND SUPPORT SERVICES TO OLDER ADULTS IN WAYS THAT ENHANCE THE WELL-BEING OF THOSE WE SERVE. WESLEYLIFE IS THE SOLE MEMBER OF WRS AND OF WESLEY COMMUNITY SERVICES, INC. (WCS), WHICH PROVIDES HOME AND COMMUNITY-BASED SERVICES. WRS IS A 501(C)(3) NON-PROFIT ORGANIZATION THAT OWNS AND OPERATES EIGHT COMMUNITIES FOR HEALTHY LIVING THAT OFFER A FULL CONTINUUM OF WELLNESS SERVICES. THOSE COMMUNITIES ARE: WESLEY ACRES IN DES MOINES; HALCYON HOUSE IN WASHINGTON; HERITAGE HOUSE IN ATLANTIC; THE VILLAGE IN INDIANOLA; PARK CENTRE IN NEWTON; EDGEWATER IN WEST DES MOINES; HEARTHSTONE IN PELLA AND BRIO OF JOHNSTON IN JOHNSTON, IOWA.OUR COMMUNITY BENEFITS FROM 2021 INCLUDE:- ACROSS THE ORGANIZATION, 184 RESIDENTS WHO DEPLETED THEIR FINANCIAL RESOURCES THROUGH NO FAULT OF THEIR OWN RECEIVED A TOTAL OF $4,390,852 IN CHARITABLE ASSISTANCE THROUGH GOOD SAMARITAN OR GOOD SHEPHERD FUNDS TO ALLOW THEM TO REMAIN IN THEIR APARTMENTS OR TOWNHOMES. - IN 2021, IN INCREASING OUR REACH TO UNDERSERVED COMMUNITY MEMBERS, MEDICAID DAYS INCREASED BY 5% OVER LAST YEAR TO 74,147 DAYS.- COMMUNITY MEMBERS PARTICIPATED IN VARIOUS SUPPORT GROUPS OFFERED AT OUR COMMUNITIES, INCLUDING GROUPS FOR THOSE LIVING WITH ALZHEIMER'S DISEASE AND OTHER DEMENTIAS AS WELL AS CANCER AND PARKINSON'S DISEASE, AND SEVERAL OF OUR COMMUNITIES ALSO OFFER ROCK STEADY BOXING, A NATIONALLY RECOGNIZED CURRICULUM THAT CAN SLOW THE PROGRESSION OF PARKINSON'S. GROUPS ARE ALSO OPEN TO RESIDENTS' CAREGIVERS AND LOVED ONES. - WE OFFERED LUNCH-AND-LEARNS AND OTHER EDUCATIONAL PROGRAMMING DESIGNED TO PROMOTE HEALTH AND WELL-BEING AMONG OUR RESIDENTS, CLIENTS, AND TEAM MEMBERS. - MORE THAN 200 VOLUNTEERS PROVIDED MORE THAN 9,000 VOLUNTEER HOURS TO RESIDENTS, CLIENTS, AND TEAM MEMBERS. - AS WE ARE INTEGRATED MEMBERS OF THE GREATER COMMUNITIES IN WHICH WE ARE LOCATED, OUR IMPACT DOES NOT STOP AT OUR DOORS. WE COLLECTED AND DONATED CLOTHING, COATS, BOOKS, HOUSEHOLD AND CLEANING SUPPLIES, PET FOOD, AND MORE TO AREA CHARITIES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Select Rehabilitation
Therapy Services
$3,753,450
Heritage Interiors
Flooring Contractor
$768,640
Service Master By Rice
Contractor
$525,077
Grape Tree Medical Staffing
Nursing Pool
$1,100,945
Horton Robinson Construction
Construction Cont.
$328,233
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $301,151
All other contributions, gifts, grants, and similar amounts not included above$2,435,952
Noncash contributions included in lines 1a–1f $99,441
Total Revenue from Contributions, Gifts, Grants & Similar$2,737,103
Total Program Service Revenue$83,077,914
Investment income $4,892,469
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,250,717
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $95,958,203

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Wesley Retirement Services Inc has recieved totaling $392,617.

Awarding OrganizationAmount
The Blackbaud Giving Fund

Charleston, SC

PURPOSE: GENERAL SUPPORT

$100,500
The Blackbaud Giving Fund

Charleston, SC

PURPOSE: GENERAL SUPPORT

$100,500
Pella Rolscreen Foundation

Pella, IA

PURPOSE: GENERAL OPERATIONS

$100,000
Fred Maytag Family Foundation

San Francisco, CA

PURPOSE: SCHOLARSHIPS FOR WILLOWBROOK'S ADULT DAY CARE SERVICE PROGRAM NEWTON IA

$30,000
Fred Maytag Family Foundation

San Francisco, CA

PURPOSE: GENERAL SUPPORT

$30,000
Nellie C Stewart Charitable Foundation

Las Vegas, NV

PURPOSE: GENERAL OPERATING

$10,100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$16,606,854
Earnings$1,914,305
Net Contributions$2,367,290
Ending Balance$20,888,449

Peer Organizations

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