Wesleyan Homes Inc

The information for Wesleyan Homes Inc is as of the organization's most recent filing in December '21. This organization is located in Georgetown, TX. It has been in existence for 59 years, following its founding in 1962.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

Wesleyan Homes Inc is a health care organization classified under NTEE code E91. The "E" indicates that the organization is primarily focused on Health Care, specifically Nursing Facilities. Nursing Facilities are inpatient facilities that provide skilled nursing and personal care over an extended period of time for individuals who are no longer in the acute phase of their illness. Wesleyan Homes Inc is also classified under section code 3, which encompasses Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals Organizations. The mission of Wesleyan Homes Inc is to create a new, bountiful experience of aging that ensures life is lived abundantly in body, mind, and spirit.

Program Areas

Wesleyan Homes, Inc. currently provides hospice and home health services and operates three facilities in Georgetown, Texas. These facilities include The Wesleyan at Estrella Independent Living, a 246-unit independent living retirement community that offers housing, dietary, and other related services, and The Wesleyan at Estrella Assisted Living, an 84-unit assisted living retirement community that provides certified memory care services. Wesleyan Homes also ensures that professional patient care and benefits are provided regardless of financial considerations and qualifications. In 2021, they served over 1,000 residents.

Organization Staffing

Wesleyan Homes Inc is run by Mark Lenhard, who is the President & CEO. The organization has 616 employees, of whom 8 are paid more than $100k per year. Supporting the paid staff are 23 volunteers.

Board Governance

Wesleyan Homes Inc, a non-profit organization, appears to be well-governed based on the provided information. The organization has a total of 24 voting members, with 23 of them being independent. This indicates a diverse and unbiased decision-making process within the board. Additionally, the absence of potential conflicts of interest further strengthens the credibility of the organization's governance. The fact that Wesleyan Homes Inc has not delegated management to an outside firm suggests that the organization retains control over its operations and decision-making processes. This can be seen as a positive aspect, as it allows for direct oversight and accountability. Furthermore, the organization's commitment to transparency is evident through its documentation of both board and committee meetings. This ensures that all discussions and decisions are recorded, promoting accountability and providing a historical record for future reference. Wesleyan Homes Inc also demonstrates good governance practices by having policies in place to address conflicts of interest, whistleblowing, and document retention. These policies indicate a commitment to ethical conduct and the protection of stakeholders' interests. The organization's practice of substantiating and reviewing leadership and officer salaries suggests a responsible approach to financial management. By providing copies of the 990 to the board prior to filing, Wesleyan Homes Inc ensures that board members are well-informed about the organization's financial activities. Overall, based on the information provided, Wesleyan Homes Inc appears to have a well-governed structure with robust policies and practices in place to ensure transparency, accountability, and ethical conduct.

Organization Growth

Wesleyan Homes Inc, a nonprofit organization, has experienced significant growth over the given time period. Contributions & Grants Received increased from $800.0K in 2014 to $3.5M in 2021. Program Service Revenue also grew from $21.4M in 2014 to $27.3M in 2021. Investment Income saw an increase from $256.6K in 2014 to $731.5K in 2021. Other Revenue also showed growth, rising from $66.4K in 2014 to $942.0K in 2021. The organization's Total Revenue increased from $22.5M in 2014 to $32.4M in 2021. Employee Salaries rose from $11.8M in 2014 to $20.7M in 2021. Total Expenses also increased from $19.8M in 2014 to $34.1M in 2021. The organization's workforce expanded, with Total Employees growing from 536 in 2014 to 616 in 2021. However, the number of Total Volunteers decreased from 175 in 2014 to 23 in 2021. Overall, Wesleyan Homes Inc has experienced significant growth in various aspects of its operations, including revenue, employee salaries, and total workforce, despite a decrease in the number of volunteers.