Civic Intelligence

Wesley Ridge Inc

990 • Fiscal year 2015 • EIN 31-1461485

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

Refreshing map…

5155 North High StreetColumbus, OH 43214

(614) 501-1300

Siviq Scores

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

Liabilities / Assets

98th percentile

1.51x

Higher debt load relative to assets than 98% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

90th percentile

2.96x

Higher debt load relative to revenue than 90% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

38th percentile

0.4%

Higher net margin than 38% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

78th percentile

$292,733

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

35th percentile

-1.6%

Faster asset growth than 35% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

41st percentile

1.0%

Faster revenue growth than 41% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$13,150,242

Down $207,192 (-1.6%) from 2014

Net Assets

Up

-$6,762,117

Up $26,874 (+0.4%) from 2014

Liabilities

Down

$19,912,359

Down $234,066 (-1.2%) from 2014

Revenue

Up

$6,717,158

Up $65,466 (+1.0%) from 2014

Expenses

Down

$6,690,284

Down $13,300 (-0.2%) from 2014

Net Income

Up

$26,874

Up $78,766 (+152%) from 2014

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2010: $13,738,449Liabilities 2010: $18,128,558Net Assets 2010: -$4,390,1092010Assets 2011: $13,181,978Liabilities 2011: $17,851,799Net Assets 2011: -$4,669,8212011Assets 2012: $12,869,727Liabilities 2012: $19,328,018Net Assets 2012: -$6,458,2912012Assets 2013: $13,639,475Liabilities 2013: $20,376,574Net Assets 2013: -$6,737,0992013Assets 2014: $13,357,434Liabilities 2014: $20,146,425Net Assets 2014: -$6,788,9912014Assets 2015: $13,150,242Liabilities 2015: $19,912,359Net Assets 2015: -$6,762,1172015Assets 2016: $12,892,891Liabilities 2016: $19,453,105Net Assets 2016: -$6,560,2142016Assets 2017: $12,702,220Liabilities 2017: $19,381,269Net Assets 2017: -$6,679,0492017Assets 2018: $11,661,843Liabilities 2018: $18,690,872Net Assets 2018: -$7,029,0292018Assets 2019: $10,948,687Liabilities 2019: $17,888,332Net Assets 2019: -$6,939,6452019Assets 2020: $11,146,413Liabilities 2020: $17,508,217Net Assets 2020: -$6,361,8042020Assets 2021: $10,774,052Liabilities 2021: $18,024,401Net Assets 2021: -$7,250,3492021Assets 2022: $15,610,670Liabilities 2022: $18,836,083Net Assets 2022: -$3,225,4132022Assets 2024: $15,360,317Liabilities 2024: $20,776,330Net Assets 2024: -$5,416,0132024

Highlighted filing

2015

Assets$13,150,242
Liabilities$19,912,359
Net Assets-$6,762,117

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $6,338,6582010Expenses 2011: $6,210,1382011Expenses 2012: $7,623,7562012Revenue 2013: $6,155,078Expenses 2013: $6,440,324Net Income 2013: -$285,2462013Revenue 2014: $6,651,692Expenses 2014: $6,703,584Net Income 2014: -$51,8922014Revenue 2015: $6,717,158Expenses 2015: $6,690,284Net Income 2015: $26,8742015Revenue 2016: $6,478,609Expenses 2016: $6,276,706Net Income 2016: $201,9032016Revenue 2017: $6,705,195Expenses 2017: $6,824,030Net Income 2017: -$118,8352017Revenue 2018: $6,569,606Expenses 2018: $6,919,586Net Income 2018: -$349,9802018Revenue 2019: $6,840,044Expenses 2019: $6,750,660Net Income 2019: $89,3842019Revenue 2020: $7,399,716Expenses 2020: $6,821,875Net Income 2020: $577,8412020Revenue 2021: $5,616,058Expenses 2021: $6,504,603Net Income 2021: -$888,5452021Revenue 2022: $3,940,897Expenses 2022: $5,109,431Net Income 2022: -$1,168,5342022Revenue 2024: $6,715,336Expenses 2024: $7,824,710Net Income 2024: -$1,109,3742024

Highlighted filing

2015

Revenue$6,717,158
Expenses$6,690,284
Net Income$26,874
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$6,717,158
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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,972,394$9,729,383▼ $243,011
Investments in Publicly Traded Securities$1,607,046$1,636,213▲ $29,167
Cash and Non-Interest-Bearing Accounts$1,005,120$1,085,336▲ $80,216
Investments Program Related$358,041$363,009▲ $4,968
Prepaid Expenses and Deferred Charges$65,122$59,685▼ $5,437
Inventories for Sale or Use$38,940$34,459▼ $4,481
Accounts Receivable$106,074$28,956▼ $77,118
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$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$13,357,434$13,150,242▼ $207,192
Other Assets Total$204,697$213,201▲ $8,504
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,389,968$11,609,841▼ $780,127
Other Liabilities$7,230,258$7,481,571▲ $251,313
Accounts Payable and Accrued Expenses$526,199$645,304▲ $119,105
Deferred Revenue$0$175,643▲ $175,643
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$20,146,425$19,912,359▼ $234,066
Net Assets / Fund Balance
Temporarily Rstr Net Assets$32,438$24,399▼ $8,039
Permanently Rstr Net Assets$5,604$5,604→ $0
Unrestricted Net Assets$-6,827,033$-6,792,120▲ $34,913
Total Net Assets Fund Balance$-6,788,991$-6,762,117▲ $26,874
Total Liabilities and Net Assets / Fund Balance$13,357,434$13,150,242▼ $207,192

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,783,750$4,859,052$13,642,802
Other Land Buildings$460,981$1,535,374$1,996,355
Equipment$289,705$844,253$1,133,958
Land$194,947-$194,947

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$5,604---$5,604
2014$5,604---$5,604
2013$5,604---$5,604
2012$5,604---$5,604
2011$5,604---$5,604
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$22,323
Program Service Revenue
$6,676,212
Investment Income
$12,123
Other Revenue
$6,500
All Other Contributions
$22,323
Change in Net Assets
$26,874

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,559,948
Revenue Not Reported on Financial Statements
$157,210
Other Revenue Adjustments
$157,210
Total Revenue per Audited Statements
$6,559,948
Total Revenue per Form 990
$6,717,158
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,506,793
Other Expenses$3,026,281
Grants and Similar Amounts Paid$157,210
Total Fundraising Expense$15,100
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,876,653$149,203-$3,025,856
Interest$470,765$112,408-$583,173
Depreciation Depletion$509,584--$509,584
Occupancy$327,833--$327,833
Fees for Services Management-$327,200-$327,200
Payroll Taxes$200,401$47,651-$248,052
Other Employee Benefits$200,547$32,087-$232,634
Grants to Domestic Individuals$157,210--$157,210
Fees for Services Other$25,201$131,975-$157,176
Fees for Services Legal-$119,499-$119,499
Advertising-$84,856$15,100$99,956
Office Expenses-$80,331-$80,331
Insurance$58,807--$58,807
Conferences and Meetings$24,921$7,111-$32,032
Fees for Services Accounting-$25,102-$25,102
Travel$14,402$2,257-$16,659
Other Expenses$13,751--$13,751
All Other Expenses$9,448$2,392-$11,840
Information Technology-$9,766-$9,766
Pension Plan Contributions-$251-$251
Total Functional Expenses$5,543,095$1,132,089$15,100$6,690,284

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,690,284
Expenses per Audited Statements$6,533,074
Total Expenses per Audited Statements$6,533,074
Expenses Not Reported on Financial Statements$157,210
Other Expense Adjustments$157,210
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$7,356,887
Loan Proceeds$124,684
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

Form 990, Part VI, Section A, Line 6

The sole member of the organization is methodist retirement center of central ohio, a related, tax-exempt organization the governing bodies of both organizations are identical. There are no other persons with rights to elect or appoint members of the governing body or to approve or ratify decisions of the govering body.

Form 990, 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.

Form 990, 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.

Form 990, Part VI, Section B, Line 15

A related organization, wesley glen, inc, determines officers' compensation through use of written employment contracts, compensation surveys or studies, and approval by the board to establish compensation. The process was last completed in 2015.

Form 990, 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

Filer Name
Wesley Ridge Inc
EIN
31-1461485
In Care Of
% ROBERT WEHNER
Phone
6145011300
Address
5155 North High Street, Columbus, OH 43214

Signing Officer

Name
Robert Wehner
Title
CFO
Phone
6148887492
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret Carmany
Formed
1996
Legal Domicile
Oh
Voting Board Members
23
Independent Board Members
23
Employees
388
Volunteers
37

Preparer

Firm
Hw&co
Address
23240 Chagrin Blvd Suite 700, Cleveland, OH 44122-5450
Preparer
Anthony S LaNasa CPA
Phone
2168311200
Supplemental Narrative

Financial Statement Notes

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.

Schedule D, Part XI, line 4B, other amounts on form 990 not fs:

Grant expense netted with revenues for financial statements $157,210

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IRS990/Form990PartVIISectionAGrp/PersonNm0ROBERT BRADLEY
IRS990/Form990PartVIISectionAGrp/PersonNm1ANNE H BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm2THOMAS M BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm3CLARENCE J CUNNINGHAM
IRS990/Form990PartVIISectionAGrp/PersonNm4REV H EUGENE FOLDEN JR
IRS990/Form990PartVIISectionAGrp/PersonNm5JAN HILLS
IRS990/Form990PartVIISectionAGrp/PersonNm6ROBERT A HOLM
IRS990/Form990PartVIISectionAGrp/PersonNm7DOUG A JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm8AMY K KUHN
IRS990/Form990PartVIISectionAGrp/PersonNm9CHARLES W LOVELESS
IRS990/Form990PartVIISectionAGrp/PersonNm10BENIS C LUTZ
IRS990/Form990PartVIISectionAGrp/PersonNm11MARK J PALMER
IRS990/Form990PartVIISectionAGrp/PersonNm12MARY ANN SHORT
IRS990/Form990PartVIISectionAGrp/PersonNm13JOHN WHITAKER
IRS990/Form990PartVIISectionAGrp/PersonNm14L CEAN WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm15JOHN HOPPERS
IRS990/Form990PartVIISectionAGrp/PersonNm16R THOMAS SLACK
IRS990/Form990PartVIISectionAGrp/PersonNm17JOHN F BIRATH JR
IRS990/Form990PartVIISectionAGrp/PersonNm18BARCLAY HASTINGS
IRS990/Form990PartVIISectionAGrp/PersonNm19NANCY RUMMEL
IRS990/Form990PartVIISectionAGrp/PersonNm20JOAN WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm21DIONE JOSEPH
IRS990/Form990PartVIISectionAGrp/PersonNm22MARK E STORER
IRS990/Form990PartVIISectionAGrp/PersonNm23MARGARET CARMANY
IRS990/Form990PartVIISectionAGrp/PersonNm24ROBERT WEHNER
IRS990/Form990PartVIISectionAGrp/PersonNm25DAWN SCHAFFNER
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IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt25COO
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IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/MissionDesc0TO PROVIDE QUALITY HOUSING, HEALTHCARE, AND SERVICES TO SENIORS IN AN INTENTIONALLY CHRISTIAN COMMUNITY, ON A FIRM FINANCIAL FOUNDATION, THROUGH EFFECTIVE STRATEGIC PLANNING.
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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt032087
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0200547
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0232634
IRS990/OtherExpensesGrp/Desc0FOOD AND DIETARY
IRS990/OtherExpensesGrp/Desc1MEDICAL SUPPLIES
IRS990/OtherExpensesGrp/Desc2UNIFORMS/PHYSICALS
IRS990/OtherExpensesGrp/Desc3EMPLOYMENT EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt0350547

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.4$20.8$5.42$6.72$7.82$1.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.6$18.8$3.23$3.94$5.11$1.17
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$18.0$7.25$5.62$6.50$0.89
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$17.5$6.36$7.40$6.82$0.58
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.9$17.9$6.94$6.84$6.75$0.09
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$18.7$7.03$6.57$6.92$0.35
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.7$19.4$6.68$6.71$6.82$0.12
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$19.5$6.56$6.48$6.28$0.20
2015Detailed filing. Detailed filing data is available for this year.$13.2$19.9$6.76$6.72$6.69$0.03
2014Detailed filing. Detailed filing data is available for this year.$13.4$20.1$6.79$6.65$6.70$0.05
2013Detailed filing. Detailed filing data is available for this year.$13.6$20.4$6.74$6.16$6.44$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$19.3$6.46$7.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$17.9$4.67$6.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$18.1$4.39$6.34