Wesley Woods Of Newnan-Peachtree City Inc
- Assets
- $27.7m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 121
- Location
- Atlanta, GA
- Founding
- 02/1996
- Data as of
- 08/2023
- EIN
- 58-2190280
Organization Overview
Wesley Woods Of Newnan-Peachtree City Inc is located in Atlanta, GA. The organization was established in 1996. 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 08/2023, Wesley Woods Of Newnan-Peachtree City Inc employed 121 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wesley Woods Of Newnan-Peachtree City 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 08/2023, Wesley Woods Of Newnan-Peachtree City Inc generated $10.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $10.6m during the year ending 08/2023. 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
2023
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 OF NEWNAN-PEACHTREE CITY, INC. OPERATES AN EXCELLENT CONTINUING CARE RETIREMENT CENTER WHICH OFFERS INDEPENDENT LIVING, PERSONAL CARE, SKILLED CARE, ALONG WITH FOOD SERVICES AND ACTIVITIES IN A COMMUNITY SETTING. THE PROJECT CONSISTS OF 84 INDEPENDENT LIVING, 45 PERSONAL CARE AND MEMORY CARE AND 23 SKILLED CARE UNITS WITH AN AVERAGE OCCUPANCY RATE OF 83.8% AS OF 08/31/2023.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Barcroft President & CEO | OfficerTrustee | 13 | $0 |
Lauri Ann Brooks Vpo, Director | OfficerTrustee | 12 | $0 |
John Ethridge Chair | OfficerTrustee | 1 | $0 |
Diane Vaughan Director | Trustee | 1 | $0 |
Steve Threlkeld Executive Director | Officer | 40 | $135,407 |
Brandon Valasek CFO & Secretary/treasurer | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $146,040 |
| 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 | $146,040 |
| Total Program Service Revenue | $9,749,808 |
| Investment income | $170,302 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,493,482 |
| 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. | $145,206 |
| Compensation of current officers, directors, key employees. | $29,041 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,409,557 |
| Pension plan accruals and contributions | $118,611 |
| Other employee benefits | $538,764 |
| Payroll taxes | $280,352 |
| Fees for services: Management | $454,904 |
| Fees for services: Legal | $2,021 |
| Fees for services: Accounting | $23,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,080 |
| Fees for services: Other | $621,516 |
| Advertising and promotion | $151,364 |
| Office expenses | $193,744 |
| Information technology | $22,611 |
| Royalties | $0 |
| Occupancy | $1,810,629 |
| Travel | $14,916 |
| 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 | $1,460,659 |
| Insurance | $258,641 |
| All other expenses | $1,108 |
| Total functional expenses | $10,567,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $769,487 |
| Savings and temporary cash investments | $2,563,199 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $164,320 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $55,600 |
| Prepaid expenses and deferred charges | $601,291 |
| Net Land, buildings, and equipment | $19,611,254 |
| Investments—publicly traded securities | $3,398,615 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $489,718 |
| Total assets | $27,653,484 |
| Accounts payable and accrued expenses | $1,204,731 |
| Grants payable | $0 |
| Deferred revenue | $2,539,799 |
| Tax-exempt bond liabilities | $15,418,566 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $103,414 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,535,419 |
| Total liabilities | $36,801,929 |
| Net assets without donor restrictions | -$9,629,335 |
| Net assets with donor restrictions | $480,890 |
| 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 | $27,653,484 |