Wesleyan Senior Care Inc
- Assets
- $36.0m
- Revenue
- $22.1m
- Investments
- $0.0
- Employees
- 499
- Location
- Elyria, OH
- Founding
- Data as of
- 12/2022
- EIN
- 83-4710426
Organization Overview
Wesleyan Senior Care Inc, operating under the name Wesleyan Village, is located in Elyria, OH. 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. As of 12/2022, Wesleyan Village employed 499 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wesleyan Village 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 12/2022, Wesleyan Village generated $22.1m in total revenue. All expenses for the organization totaled $21.8m during the year ending 12/2022. While expenses have increased by 134.5% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN ENVIRONMENT FOR OLDER ADULTS TO EXPERIENCE THE FULLNESS OF LIFE, ENCOURAGING THEM TO AGE BY GROWING WITH THE CARE AND SUPPORT OF A WARM COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESLEYAN VILLAGE PROVIDES UNCOMPENSATED CARE AND SERVICES TO MEDICAID, MEDICARE, HOSPICE AND MANAGED CARE RESIDENTS. WESLEYAN VILLAGE IS A CONTINUING CARE RETIREMENT COMMUNITY OFFERING HEALTHCARE MEDICAID MEDICARE CERTIFIED, TRADITIONAL AND ALZHEIMER ASSISTED LIVING, INDEPENDENT HOME HEALTH CARE, AND OTHER ADULT LIVING FACILITIES.
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 |
|---|---|---|---|
Letitia Eid Director Of Nursing | 40 | $122,103 | |
Sunny Young Rn | 40 | $104,414 | |
Ephram Lahasky Board Member | Officer | 1 | $0 |
Akiko Ike Board Member | Officer | 1 | $0 |
Eliezer Gewirtzman Board Member | Officer | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $22,054,296 |
| Investment income | $364 |
| 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 | $22,054,660 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,933,212 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $623,114 |
| Payroll taxes | $656,493 |
| Fees for services: Management | $374,463 |
| Fees for services: Legal | $40,619 |
| Fees for services: Accounting | $30,788 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,252 |
| Advertising and promotion | $38,107 |
| Office expenses | $463,770 |
| Information technology | $194,025 |
| Royalties | $0 |
| Occupancy | $1,293,018 |
| Travel | $15,410 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,812 |
| Interest | $1,136,021 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,048,425 |
| Insurance | $515,804 |
| All other expenses | $927,473 |
| Total functional expenses | $21,800,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $357,759 |
| Savings and temporary cash investments | $12,423 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,662,131 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $77,741 |
| Net Land, buildings, and equipment | $21,377,264 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,513,494 |
| Other assets | $0 |
| Total assets | $36,000,812 |
| Accounts payable and accrued expenses | $2,426,216 |
| Grants payable | $0 |
| Deferred revenue | $4,230,338 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $23,573,543 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $713,365 |
| Total liabilities | $30,943,462 |
| Net assets without donor restrictions | $5,057,350 |
| Net assets with donor restrictions | $0 |
| 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 | $36,000,812 |