Civic Intelligence

Wesleyan Meadows

990 • Fiscal year 2014 • EIN 31-1522357

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 29, 2015

Refreshing map…

807 West AvenueElyria, OH 44035

(440) 284-9279

Siviq Scores

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

Liabilities / Assets

96th percentile

1.14x

Higher debt load relative to assets than 96% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

95th percentile

6.38x

Higher debt load relative to revenue than 95% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

82nd percentile

26%

Higher net margin than 82% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

18th percentile

-3.9%

Faster asset growth than 18% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

72nd percentile

14%

Faster revenue growth than 72% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Down

$14,448,460

Down $583,933 (-3.9%) from 2013

Net Assets

Up

-$2,049,088

Up $537,793 (+21%) from 2013

Liabilities

Down

$16,497,548

Down $1,121,726 (-6.4%) from 2013

Revenue

Up

$2,583,954

Up $323,066 (+14%) from 2013

Expenses

Up

$1,919,963

Up $7,179 (+0.4%) from 2013

Net Income

Up

$663,991

Up $315,887 (+91%) from 2013

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: $17,143,963Liabilities 2010: $20,402,042Net Assets 2010: -$3,258,0792010Assets 2011: $16,637,235Liabilities 2011: $19,758,160Net Assets 2011: -$3,120,9252011Assets 2012: $15,947,097Liabilities 2012: $18,722,179Net Assets 2012: -$2,775,0822012Assets 2013: $15,032,393Liabilities 2013: $17,619,274Net Assets 2013: -$2,586,8812013Assets 2014: $14,448,460Liabilities 2014: $16,497,548Net Assets 2014: -$2,049,0882014Assets 2015: $13,990,306Liabilities 2015: $15,774,331Net Assets 2015: -$1,784,0252015

Highlighted filing

2014

Assets$14,448,460
Liabilities$16,497,548
Net Assets-$2,049,088

Operations Trend

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

$3.0M$2.0M$1.0M$0Expenses 2010: $2,030,1802010Expenses 2011: $2,151,8862011Expenses 2012: $1,898,9282012Revenue 2013: $2,260,888Expenses 2013: $1,912,784Net Income 2013: $348,1042013Revenue 2014: $2,583,954Expenses 2014: $1,919,963Net Income 2014: $663,9912014Revenue 2015: $2,357,872Expenses 2015: $1,968,721Net Income 2015: $389,1512015

Highlighted filing

2014

Revenue$2,583,954
Expenses$1,919,963
Net Income$663,991
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 29, 2015
Return Version
2014v5.0
Gross Receipts
$2,587,464
Mission and Program Overview

Mission

To provide an environment for older adults to experience the fullness of life, encouraging them to age successfully by growing socially, intellectually, physically, and spiritually with the care and support of a christian community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,888,452$14,309,377▼ $579,075
Prepaid Expenses and Deferred Charges$132,803$127,415▼ $5,388
Accounts Receivable$7,260$7,790▲ $530
Investments in Publicly Traded Securities$3,803$3,803→ $0
Cash and Non-Interest-Bearing Accounts$75$75→ $0
Total Assets$15,032,393$14,448,460▼ $583,933
Liabilities
Other Liabilities$9,354,452$8,388,716▼ $965,736
Tax Exempt Bond Liabilities$6,801,100$6,634,350▼ $166,750
Deferred Revenue$1,147,053$1,113,621▼ $33,432
Accounts Payable and Accrued Expenses$316,669$360,861▲ $44,192
Total Liabilities$17,619,274$16,497,548▼ $1,121,726
Net Assets / Fund Balance
Unrestricted Net Assets$-2,586,881$-2,049,088▲ $537,793
Total Net Assets Fund Balance$-2,586,881$-2,049,088▲ $537,793
Total Liabilities and Net Assets / Fund Balance$15,032,393$14,448,460▼ $583,933

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,496,719$8,674,152$22,170,871
Land$687,751-$687,751
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chuck BaumgartnerChairman
Russell MartinVice Chairma
Barry HubbardDirector
Bill BrownDirector
David BlankDirector
Delaine McgheeDirector
Douglas McdonaldDirector
Ed CrabtreeDirector
Gary GeorgeDirector
Hugh KnappDirector
Jerry PeifferDirector
Jon MajkutDirector
Mary Jane MattsDirector
Tom PoeDirector
Maggie JacksonSecretary
Bruce StevensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,574,704
Investment Income
$-3,396
Other Revenue
$12,646
Change in Net Assets
$663,991

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,583,954
Total Revenue per Audited Statements
$2,583,954
Total Revenue per Form 990
$2,583,954
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,609,855
Salaries, Compensation, and Employee Benefits$310,108
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$694,406--$694,406
Other Salaries and Wages$75,962$181,986-$257,948
Interest$173,382--$173,382
Office Expenses-$84,480-$84,480
Other Expenses$101,728$40,907-$40,907
All Other Expenses$18,517$16,532-$35,049
Other Employee Benefits-$34,578-$34,578
Payroll Taxes$4,743$12,833-$17,576
Fees for Services Accounting-$9,976-$9,976
Fees for Services Other-$6,600-$6,600
Travel-$1,668-$1,668
Fees for Services Legal-$524-$524
Conferences and Meetings-$344-$344
Pension Plan Contributions-$6-$6
Total Functional Expenses$1,521,496$398,467$0$1,919,963

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,919,963
Total Expenses per Audited Statements$1,919,963
Total Expenses per Form 990$1,919,963
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Related Entity Payable$5,407,764
Standard Use Fee$1,945,451
Refundable Life Use Fees$635,613
Refundable Deposits$387,210
Accrued Bond Interest$12,678

Bond Issues

BondIssuerIssuedIssue PricePurpose
AHuntington National Bank2004-11-30--

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$7,187,711--$132,803

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
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
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, Page 6, Part VI, Line 11B

Form 990 sent to board members before due date for review and comments

Form 990, Page 6, Part VI, Line 12C

Performed by the wesleyan senior living board as a committee of the whole, based upon input from all subsidiary board members

Form 990, Page 6, Part VI, Line 15A

Performed by the wesleyan senior living board as a committee of the whole, based upon input from all subsidiary board members

Form 990, Page 6, Part VI, Line 15B

Performed by the wesleyan senior living board as a committee of the whole, based upon input from all subsidiary board members

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Wesleyan Meadows
EIN
31-1522357
Address
807 WEST AVENUE, ELYRIA, OH 44035

Signing Officer

Name
Diane Coletti
Title
VP - Finance
Signed
2015-06-29
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
Oh
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
24

Preparer

Firm
MAJKUT-JESKO CPA'S
Address
1288 N ABBE RD STE B, ELYRIA, OH 44035-1649
Preparer
Michael V Meecha CPA
Phone
4403650204
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide an environment for older adults to experience the fullness of life, encouraging them to age successfully by growing socially, intellectually, physically, and spiritually with the care and support of a christian community.

Form 990, Part XI, Line 9

Change due to intercompany allocations 126,198

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IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-126198
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt034578
IRS990/OtherEmployeeBenefitsGrp/TotalAmt034578
IRS990/OtherExpensesGrp/Desc0REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc1EQUIPMENT RENTAL
IRS990/OtherExpensesGrp/Desc2UTILITIES & TRASH REMOVAL
IRS990/OtherExpensesGrp/Desc3OTHER EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08033
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt140907
IRS990/OtherExpensesGrp/ProgramServicesAmt0277763
IRS990/OtherExpensesGrp/ProgramServicesAmt1174995
IRS990/OtherExpensesGrp/ProgramServicesAmt2101728
IRS990/OtherExpensesGrp/TotalAmt0277763
IRS990/OtherExpensesGrp/TotalAmt1183028
IRS990/OtherExpensesGrp/TotalAmt2101728
IRS990/OtherExpensesGrp/TotalAmt340907
IRS990/OtherLiabilitiesGrp/BOYAmt09354452
IRS990/OtherLiabilitiesGrp/EOYAmt08388716
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0181986
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt075962
IRS990/OtherSalariesAndWagesGrp/TotalAmt0257948
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012833
IRS990/PayrollTaxesGrp/ProgramServicesAmt04743
IRS990/PayrollTaxesGrp/TotalAmt017576
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06
IRS990/PensionPlanContributionsGrp/TotalAmt06
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0132803
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0127415
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IRS990/ProgramServiceRevenueGrp/Desc0PERSONAL CARE
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02574704
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-1950
IRS990/PYOtherExpensesAmt01648717
IRS990/PYOtherRevenueAmt07245
IRS990/PYProgramServiceRevenueAmt02255593
IRS990/PYRevenuesLessExpensesAmt0348104
IRS990/PYSalariesCompEmpBnftPaidAmt0264067
IRS990/PYTotalExpensesAmt01912784
IRS990/PYTotalRevenueAmt02260888
IRS990/ReconcilationRevenueExpnssAmt0663991
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt012646
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02574704
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt012760
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07341
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt06216
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05496
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03879
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt035692
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02574704
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02255593
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02324575
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02319339
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02328058
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt011802269
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt012760
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07341
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06216
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05496
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03879
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt035692
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99700
IRS990ScheduleA/PublicSupportPY509Pct00.99750
IRS990ScheduleA/PublicSupportTotal509Amt011802269
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02574704
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02255593
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02324575
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02319339
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02328058
IRS990ScheduleA/Total509Grp/TotalAmt011802269
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02587464
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02262934
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02330791
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02324835
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02331937
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt011837961
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt013496719
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08674152
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt022170871
IRS990ScheduleD/ExpensesSubtotalAmt01919963
IRS990ScheduleD/LandGrp/BookValueAmt0687751
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0687751
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05407764
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11945451
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2635613
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3387210
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt412678
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RELATED ENTITY PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1STANDARD USE FEE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2REFUNDABLE LIFE USE FEES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3REFUNDABLE DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ACCRUED BOND INTEREST
IRS990ScheduleD/RevenueSubtotalAmt02583954
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014184470
IRS990ScheduleD/TotalExpensesPerForm990Amt01919963
IRS990ScheduleD/TotalLiabilityAmt08388716
IRS990ScheduleD/TotalRevenuePerForm990Amt02583954
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02583954
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01919963
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02004-11-30
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0HUNTINGTON NATIONAL BANK
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine2Txt0HUNTINGTON NATIONAL BANK
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0132803
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt07187711

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