Wesley Home Services Inc
- Assets
- $425.9k
- Revenue
- $437.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Cordova, TN
- Founding
- 09/1996
- Data as of
- 12/2021
- EIN
- 62-1642972
Organization Overview
Wesley Home Services Inc is located in Cordova, TN. The organization was established in 1996. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wesley Home 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 Home Services Inc generated $437.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.7%) each year. All expenses for the organization totaled $587.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE NON MEDICAL HOME SERVICES TO ASSIST PEOPLE "PRIMARILY ELDERLY" IN THEIR HOMES TO PREVENT NURSING HOME CARE, INCLUDING THOSE RECEIVING MEDICAID BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Blount Director | 2 | $0 | |
Mary Lou Cushing Secretary/treasurer | 2 | $0 | |
Dr Cynthia Davis Director | 2 | $0 | |
William Keith Director | 2 | $0 | |
James Nasso Non-Voting CEO | 2 | $0 | |
Nancy Albonetti Vice Chairperson | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $437,430 |
| Total Revenue | $437,430 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $421,498 |
| Pension plans, employee benefits | $28,762 |
| Interest | $0 |
| Taxes | $31,244 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,904 |
| Printing and publications | $0 |
| Other expenses | $84,113 |
| Total operating and administrative expenses | $587,223 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $587,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,188 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $259,796 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,917 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $425,901 |
| Accounts payable and accrued expenses | $84,661 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $84,661 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wesley Home Services Inc has recieved totaling $650,000.
| Awarding Organization | Amount |
|---|---|
St Peter Manor Llc Cordova, TN PURPOSE: TO PROVIDE NON MEDICAL HOME SERVICES TO ASSIST PEOPLE (PRIMARILY ELDERLY) IN THEIR HOMES TO PREVENT NURSING HOME CARE, INCLUDING THOSE RECEIVING MEDICAID BENEFITS | $650,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nhnfp Healthcare Inc Atlanta, GA | $223,126,263 | $90,563,041 |
Ascension Living Bethlehem Woods Village St Louis, MO | $54,923,098 | $70,603,895 |
Citizens Memorial Health Care Foundation Bolivar, MO | $45,218,977 | $63,247,284 |
Ocoee Foundation Inc Cleveland, TN | $61,804,087 | $65,905,921 |
Ascension Michigan Cmg St Louis, MO | $10,296,135 | $49,102,663 |
Bethesda Long Term Care Inc St Louis, MO | $61,164,515 | $49,946,296 |
Ranken-Jordan Home For Convalescent Crippled Children Maryland Heights, MO | $140,456,097 | $69,165,620 |
Covenant Woods Mechanicsville, VA | $166,902,923 | $38,635,107 |
Richfield Living Salem, VA | $138,338,925 | $32,030,155 |
Ascension Living Franciscan Place St Louis, MO | $14,918,135 | $36,267,492 |
Hillcrest Healthcare Communities Inc Knoxville, TN | $35,116,427 | $32,663,319 |
Hltc Inc Dalton, GA | $14,717,948 | $28,781,962 |