Civic Intelligence

Wesley Glen Inc.

990 • Fiscal year 2013 • EIN 31-0738614

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 11, 2014

5155 North High StreetSuite43214

(614) 888-7492

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.51x

Higher debt load relative to assets than 70% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

76th percentile

0.98x

Higher debt load relative to revenue than 76% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Net Margin

61st percentile

7.6%

Higher net margin than 61% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Top Officer Pay

60th percentile

$291,929

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Asset Growth

83rd percentile

18%

Faster asset growth than 83% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$40,861,164

Up $6,220,890 (+18%) from 2012

Net Assets

Up

$19,975,624

Up $1,978,440 (+11%) from 2012

Liabilities

Up

$20,885,540

Up $4,242,450 (+25%) from 2012

Revenue

$21,417,220

No earlier filing loaded for comparison.

Expenses

Down

$19,798,785

Down $866,033 (-4.2%) from 2012

Net Income

$1,618,435

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2010: $23,619,609Liabilities 2010: $8,241,796Net Assets 2010: $15,377,8132010Assets 2011: $32,874,405Liabilities 2011: $16,151,903Net Assets 2011: $16,722,5022011Assets 2012: $34,640,274Liabilities 2012: $16,643,090Net Assets 2012: $17,997,1842012Assets 2013: $40,861,164Liabilities 2013: $20,885,540Net Assets 2013: $19,975,6242013Assets 2014: $43,851,942Liabilities 2014: $21,923,921Net Assets 2014: $21,928,0212014Assets 2015: $47,793,161Liabilities 2015: $23,779,474Net Assets 2015: $24,013,6872015Assets 2016: $52,814,182Liabilities 2016: $26,384,984Net Assets 2016: $26,429,1982016Assets 2017: $51,913,345Liabilities 2017: $22,502,998Net Assets 2017: $29,410,3472017Assets 2018: $60,032,915Liabilities 2018: $29,319,956Net Assets 2018: $30,712,9592018Assets 2019: $70,499,725Liabilities 2019: $37,680,087Net Assets 2019: $32,819,6382019Assets 2020: $6,684,841Liabilities 2020: $5,713,810Net Assets 2020: $971,0312020Assets 2021: $10,029,741Liabilities 2021: $9,110,004Net Assets 2021: $919,7372021Assets 2022: $22,533,984Liabilities 2022: $8,823,862Net Assets 2022: $13,710,1222022Assets 2023: $22,481,309Liabilities 2023: $10,798,679Net Assets 2023: $11,682,6302023Assets 2024: $20,000,838Liabilities 2024: $12,066,714Net Assets 2024: $7,934,1242024

Highlighted filing

2013

Assets$40,861,164
Liabilities$20,885,540
Net Assets$19,975,624

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $20,284,2342010Expenses 2011: $19,940,0392011Expenses 2012: $20,664,8182012Revenue 2013: $21,417,220Expenses 2013: $19,798,785Net Income 2013: $1,618,4352013Revenue 2014: $21,236,416Expenses 2014: $19,281,224Net Income 2014: $1,955,1922014Revenue 2015: $21,207,670Expenses 2015: $18,716,251Net Income 2015: $2,491,4192015Revenue 2016: $20,965,886Expenses 2016: $18,866,121Net Income 2016: $2,099,7652016Revenue 2017: $21,930,267Expenses 2017: $19,719,684Net Income 2017: $2,210,5832017Revenue 2018: $21,220,351Expenses 2018: $19,279,553Net Income 2018: $1,940,7982018Revenue 2019: $19,857,783Expenses 2019: $18,552,299Net Income 2019: $1,305,4842019Revenue 2020: $12,436,096Expenses 2020: $13,489,762Net Income 2020: -$1,053,6662020Revenue 2021: $12,832,302Expenses 2021: $12,883,596Net Income 2021: -$51,2942021Revenue 2022: $8,824,885Expenses 2022: $11,588,439Net Income 2022: -$2,763,5542022Revenue 2023: $15,659,666Expenses 2023: $17,687,158Net Income 2023: -$2,027,4922023Revenue 2024: $15,374,663Expenses 2024: $19,123,169Net Income 2024: -$3,748,5062024

Highlighted filing

2013

Revenue$21,417,220
Expenses$19,798,785
Net Income$1,618,435
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 11, 2014
Return Version
2013v3.1
Gross Receipts
$22,365,309
Mission and Program Overview

Mission

To provide quality housing, healthcare, and services to seniors in an intentionally christian community, on a firm financial foundation, through effective strategic planning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,046,564$18,017,568▼ $28,996
Cash and Non-Interest-Bearing Accounts$6,389,103$12,918,244▲ $6,529,141
Investments in Publicly Traded Securities$5,370,901$4,883,270▼ $487,631
Investments Program Related$2,614,063$2,822,743▲ $208,680
Accounts Receivable$1,275,710$1,343,371▲ $67,661
Savings and Temporary Cash Investments$185,253$92,489▼ $92,764
Pledges and Grants Receivable$131,549$83,293▼ $48,256
Prepaid Expenses and Deferred Charges$31,030$79,150▲ $48,120
Inventories for Sale or Use$66,784$72,759▲ $5,975
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$34,640,274$40,861,164▲ $6,220,890
Other Assets Total$529,317$548,277▲ $18,960
Liabilities
Other Liabilities$5,399,781$9,927,982▲ $4,528,201
Tax Exempt Bond Liabilities$9,187,510$8,626,260▼ $561,250
Accounts Payable and Accrued Expenses$2,055,799$2,308,511▲ $252,712
Mortgage Notes Payable Secured by Investment Property$0$22,787▲ $22,787
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$16,643,090$20,885,540▲ $4,242,450
Net Assets / Fund Balance
Unrestricted Net Assets$16,972,156$18,854,488▲ $1,882,332
Permanently Rstr Net Assets$784,114$827,810▲ $43,696
Temporarily Rstr Net Assets$240,914$293,326▲ $52,412
Total Net Assets Fund Balance$17,997,184$19,975,624▲ $1,978,440
Total Liabilities and Net Assets / Fund Balance$34,640,274$40,861,164▲ $6,220,890

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,145,400$11,711,120$26,856,520
Other Land Buildings$2,199,569$1,561,216$3,760,785
Equipment$321,793$884,364$1,206,157
Land$350,806-$350,806
Investment Program Related Org$2,811,008--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$784,114-▲ $43,696-$827,810
2012$771,145-▲ $12,969-$784,114
2011$787,875-▼ $16,730-$771,145
2010$764,624-▲ $23,251-$787,875
2009$720,281-▲ $44,343-$764,624
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Thomas M BrownTrustee$115,793$291,929$407,722
Anne H BrownTrustee$131,985$240,413$372,398
Clarence J CunninghamTrustee-$169,262$169,262
Rev Roger L GraceTrustee-$6,005$6,005
Rev H Eugene Folden JrTrustee-$588$588

Highest Paid Contractors

ContractorServicesLocationCompensation
River Rock RehabilitationRehab Services-$746,163
Select Medical Rehab ServicesRehab Services-$487,713
Unlimited ProductionEngineering-$138,377
Revenue and Support

Revenue Composition

Contributions and Grants
$213,648
Program Service Revenue
$20,775,344
Investment Income
$-928
Other Revenue
$429,156
All Other Contributions
$213,648
Change in Net Assets
$1,618,435
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,313,065
Salaries, Compensation, and Employee Benefits$9,431,727
Total Fundraising Expense$155,625
Grants and Similar Amounts Paid$53,993
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,224,342$1,256,863-$7,481,205
All Other Expenses$1,940,424--$1,940,424
Occupancy$1,895,543--$1,895,543
Fees for Services Other$1,530,866$222,822-$1,753,688
Depreciation Depletion$1,493,767--$1,493,767
Fees for Services Management-$1,177,860-$1,177,860
Other Employee Benefits$845,066$173,086-$1,018,152
Payroll Taxes$769,574$146,586-$916,160
Advertising-$151,750$155,625$307,375
Office Expenses$229,347--$229,347
Interest-$212,154-$212,154
Fees for Services Legal-$99,809-$99,809
Insurance$86,404--$86,404
Fees for Services Accounting-$81,850-$81,850
Grants to Domestic Individuals$53,993--$53,993
Information Technology$16,717--$16,717
Pension Plan Contributions-$16,210-$16,210
Conferences and Meetings-$15,801-$15,801
Other Expenses$13,670--$13,670
Travel-$5,543-$5,543
Total Functional Expenses$16,082,826$3,560,334$155,625$19,798,785
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$5,816,057
Entrance Fees$3,988,251
Interest Rate Swap Agreement$76,974
Deposits$46,700

Bond Issues

BondIssuerIssuedIssue PricePurpose
A31-64000672010-10-29$22,340,000County of Franklin Ohio

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$22,340,000$0$1,560,421$134,800

Bond Financing Compliance

Rebate not yet due
No
Form 8038-T filed
No
Exception to rebate
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section B, Line 11

The cfo reviews form 990, before filing an electronic copy is provided to the board members for their review before filing.

Part VI, Section B, Line 12C

The corporate compliance officer reviews on a monthly basis any possible conflict of interest situations and the board of trustees reviews on an annual basis. Employees and board members must disclose possible conflicts of interest involving themselves or their immediate families if an employee or board member believes a conflict of interest exists or may exist, the employee or board member must notify the executive director of corporate compliance, and treat the situation as if a conflict exists until the executive director of corporate compliance resolves the potential conflict, restrictions imposed include voting and participation.

Part VI, Section B, Line 15

The organization uses written employment contracts, compensation surveys or studies, and approval by the board to establish compensation. The process was last completed in 2013.

Part VI, Section C, Line 19

Governing documents, the conflict of interest policy, and the financial statements are provided upon request.

Filing and Contact Details

Filer

EIN
31-0738614
In Care Of
% ROBERT WEHNER
Phone
6148887492

Signing Officer

Name
Robert Wehner
Title
CFO
Phone
6148887492
Signed
2014-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret Carmany
Formed
1967
Legal Domicile
Oh
Voting Board Members
26
Independent Board Members
26
Employees
428
Volunteers
160

Preparer

Preparer
Greta L Rzymek CPA
Phone
6148887492
Supplemental Narrative

Additional Explanations

Page 12, Part XI, #9

Change in value of perpetual trust: $43,696 Change in value of Swap Agreement: $42,810 Unrealized Gain on investment: $273,499 ---------------- Total Change in Net Assets $360,005

Schedule K - Franklin County Ohio Bonds

In 2010 the organization entered into a combined bond issue with Wesley Ridge Residence Corp, a related organization, to refinance the existing 2005 bond issues for both organizations and for the construction of The Wellness Center of Wesley Glen. The combined bond issue is reported on Schedule K of the form 990 of both organizations.

Financial Statement Notes

Schedule D, Part III, Line 4

A george washington painting was donated to the organization. Therefore, it was the organization's responsibility to restore and preserve the asset for future generations. The asset is currently under scholarly research and is intended for public exhibition.

Schedule D, Part V, Line 4

The Organization has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets. Endowment assets include those assets of donor-restricted funds that the Organization must hold in perpetuity. Under this policy, as approved by the Board of Directors, the endowment assets are invested in a manner that is intended to achieve a total return that is above the market using a composite index comprised of cash reserves (0 to 60 percent) and equities (0 to 40 percent). Actual returns in any given year may vary from this amount.

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IRS990/Desc0WESLEY GLEN, OPENED IN 1969 IN COLUMBUS, PROVIDES INDEPENDENT, ASSISTED LIVING, DEMENTIA CARE AND NURSING CARE TO SENIOR RESIDENTS. ADDITIONAL SERVICES AVAILABLE INCLUDE SOCIAL, RECREATIONAL AND WELLNESS PROGRAMS, THERAPY, TRANSPORTATION, CONCIERGE, HOUSEKEEPING AND MAINTENANCE.
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IRS990/Form990PartVIISectionAGrp/PersonNm20R THOMAS SLACK
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IRS990/Form990PartVIISectionAGrp/PersonNm25R Stanley Sutton
IRS990/Form990PartVIISectionAGrp/PersonNm26Robert Wehner
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IRS990/Form990PartVIISectionAGrp/TitleTxt23Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt24Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt25Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt26CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt27CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt28COO
IRS990/Form990PartVIISectionAGrp/TitleTxt29Director of Nursing
IRS990/Form990PartVIISectionAGrp/TitleTxt30Director
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.0$12.1$7.93$15.4$19.1$3.75
2023Detailed filing. Detailed filing data is available for this year.$22.5$10.8$11.7$15.7$17.7$2.03
2022Detailed filing. Detailed filing data is available for this year.$22.5$8.82$13.7$8.82$11.6$2.76
2021Detailed filing. Detailed filing data is available for this year.$10.0$9.11$0.92$12.8$12.9$0.05
2020Detailed filing. Detailed filing data is available for this year.$6.68$5.71$0.97$12.4$13.5$1.05
2019Detailed filing. Detailed filing data is available for this year.$70.5$37.7$32.8$19.9$18.6$1.31
2018Detailed filing. Detailed filing data is available for this year.$60.0$29.3$30.7$21.2$19.3$1.94
2017Detailed filing. Detailed filing data is available for this year.$51.9$22.5$29.4$21.9$19.7$2.21
2016Detailed filing. Detailed filing data is available for this year.$52.8$26.4$26.4$21.0$18.9$2.10
2015Detailed filing. Detailed filing data is available for this year.$47.8$23.8$24.0$21.2$18.7$2.49
2014Detailed filing. Detailed filing data is available for this year.$43.9$21.9$21.9$21.2$19.3$1.96
2013Detailed filing. Detailed filing data is available for this year.$40.9$20.9$20.0$21.4$19.8$1.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.6$16.6$18.0$20.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.9$16.2$16.7$19.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.6$8.24$15.4$20.3