Wesley At Graceland Inc

Organization Overview

Wesley At Graceland Inc is located in Cordova, TN. The organization was established in 1990. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wesley At Graceland 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 At Graceland Inc generated $361.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.1%) each year. All expenses for the organization totaled $148.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (26.9%) per year over the past 7 years. 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

TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE HOUSING AND SERVICES TO LOW, VERY LOW, AND EXTREMELY LOW INCOME ELDERLY.


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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$72,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$72,000
Total Program Service Revenue$35,855
Investment income $153,651
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $99,908
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $361,414

Grants Awarded

Over the last fiscal year, Wesley At Graceland Inc has awarded $87,040 in support to 2 organizations.

Grant RecipientAmount

GOLDEN CROSS SENIOR MINISTRIES

Org PageRecipient Profile

Cordova, TN

PURPOSE: TO DONATE TO A SPECIAL CAMPAIGN TO HELP SUPPORT INDIVIDUALS THAT NEED CARE AND CANNOT AFFORD IT.

$60,000

WESLEY HOUSING CORPORATION OF MEMPHIS

Org PageRecipient Profile

Cordova, TN

PURPOSE: TO DONATE TO A SPECIAL CAMPAIGN TO HELP SUPPORT INDIVIDUALS THAT NEED CARE AND CANNOT AFFORD IT.

$27,040
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Wesley At Graceland Inc has recieved totaling $72,000.

Awarding OrganizationAmount
Wesley Housing Corp Of Memphis Inc

Cordova, TN

PURPOSE: TO ASSIST IN PROVIDING HOUSING AND SERVICES FOR THE ELDERLY

$72,000
View Grant Recipient Profile

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