Civic Intelligence

Wesley at Paris Inc.

990 • Fiscal year 2013 • EIN 31-1779476

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 17, 2014

Organization ProfileWWW.WESLEYLIVING.COM
1615 Appling Rd38016

(901) 380-4900

Siviq Scores

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

Liabilities / Assets

94th percentile

1.21x

Higher debt load relative to assets than 94% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

98th percentile

11.33x

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

29th percentile

-4.4%

Higher net margin than 29% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

40th percentile

-0.4%

Faster asset growth than 40% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M 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

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$1,306,185

Down $5,863 (-0.4%) from 2012

Net Assets

Down

-$279,506

Down $6,131 (-2.2%) from 2012

Liabilities

Up

$1,585,691

Up $268 (+0.0%) from 2012

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin29th percentile

Revenue

$139,994

No earlier filing loaded for comparison.

Expenses

Up

$146,125

Up $2,291 (+1.6%) from 2012

Net Income

-$6,131

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$2.0M$1.0M$0-$1.0MAssets 2010: $1,376,703Liabilities 2010: $1,595,318Net Assets 2010: -$218,6152010Assets 2011: $1,342,277Liabilities 2011: $1,585,969Net Assets 2011: -$243,6922011Assets 2012: $1,312,048Liabilities 2012: $1,585,423Net Assets 2012: -$273,3752012Assets 2013: $1,306,185Liabilities 2013: $1,585,691Net Assets 2013: -$279,5062013Assets 2014: $1,258,844Liabilities 2014: $1,587,686Net Assets 2014: -$328,8422014Assets 2015: $1,222,697Liabilities 2015: $1,584,321Net Assets 2015: -$361,6242015Assets 2016: $1,168,735Liabilities 2016: $1,601,034Net Assets 2016: -$432,2992016Assets 2017: $1,124,159Liabilities 2017: $1,616,925Net Assets 2017: -$492,7662017Assets 2018: $1,081,626Liabilities 2018: $1,639,750Net Assets 2018: -$558,1242018Assets 2019: $1,047,284Liabilities 2019: $1,640,867Net Assets 2019: -$593,5832019Assets 2020: $1,018,710Liabilities 2020: $1,638,740Net Assets 2020: -$620,0302020Assets 2021: $920,308Liabilities 2021: $1,647,029Net Assets 2021: -$726,7212021Assets 2022: $899,854Liabilities 2022: $1,671,239Net Assets 2022: -$771,3852022Assets 2023: $863,855Liabilities 2023: $1,667,800Net Assets 2023: -$803,9452023Assets 2024: $824,851Liabilities 2024: $1,667,741Net Assets 2024: -$842,8902024

Highlighted filing

2013

Assets$1,306,185
Liabilities$1,585,691
Net Assets-$279,506
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0-$100K-$200KExpenses 2010: $139,0622010Expenses 2011: $136,8842011Expenses 2012: $143,8342012Revenue 2013: $139,994Expenses 2013: $146,125Net Income 2013: -$6,1312013Revenue 2014: $113,019Expenses 2014: $162,356Net Income 2014: -$49,3372014Revenue 2015: $122,225Expenses 2015: $155,007Net Income 2015: -$32,7822015Revenue 2016: $124,091Expenses 2016: $194,766Net Income 2016: -$70,6752016Revenue 2017: $122,543Expenses 2017: $183,010Net Income 2017: -$60,4672017Revenue 2018: $129,018Expenses 2018: $194,376Net Income 2018: -$65,3582018Revenue 2019: $161,668Expenses 2019: $197,127Net Income 2019: -$35,4592019Revenue 2020: $153,535Expenses 2020: $179,982Net Income 2020: -$26,4472020Revenue 2021: $162,104Expenses 2021: $268,795Net Income 2021: -$106,6912021Revenue 2022: $165,387Expenses 2022: $210,051Net Income 2022: -$44,6642022Revenue 2023: $184,648Expenses 2023: $217,208Net Income 2023: -$32,5602023Revenue 2024: $182,824Expenses 2024: $221,769Net Income 2024: -$38,9452024

Highlighted filing

2013

Revenue$139,994
Expenses$146,125
Net Income-$6,131
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 17, 2014
Return Version
2013v3.0
Gross Receipts
$139,994
Mission and Program Overview

Mission

To provide housing and services to very low and extremely low income elderly

To provide housing and services to very low and extremely low income elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,211,786$1,210,042▼ $1,744
Savings and Temporary Cash Investments$56,162$66,526▲ $10,364
Cash and Non-Interest-Bearing Accounts$10,876$10,596▼ $280
Prepaid Expenses and Deferred Charges$7,356$10,528▲ $3,172
Accounts Receivable$645$907▲ $262
Total Assets$1,312,048$1,306,185▼ $5,863
Other Assets Total$25,223$7,586▼ $17,637
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,575,800$1,575,800→ $0
Other Liabilities$5,083$5,180▲ $97
Accounts Payable and Accrued Expenses$4,455$4,684▲ $229
Deferred Revenue$85$27▼ $58
Total Liabilities$1,585,423$1,585,691▲ $268
Net Assets / Fund Balance
Unrestricted Net Assets$-273,375$-279,506▼ $6,131
Total Net Assets Fund Balance$-273,375$-279,506▼ $6,131
Total Liabilities and Net Assets / Fund Balance$1,312,048$1,306,185▼ $5,863

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,061,373$446,124$1,507,497
Land$87,750-$87,750
Equipment$58,537$15,502$74,039
Leasehold Improvements$2,382$1,104$3,486
Compensation and Service Providers
Top Officer Pay38th percentile

Board Members and Trustees

NameTitle
Nick NashPresident
Rev Donald ParkVice President
Diane SluderDirector
Dwight DavisDirector
Earline MatthewsDirector
Michelle FracchiaDirector
Pam JeffriesDirector
Rev Steve CavittDirector
Wallace McalexanderDirector
William KeithDirector
Larry KalerNon-voting CEO
Jim NassoNon-voting COO
Mary Lou CushingSecretary / Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$81,392
Program Service Revenue
$58,193
Investment Income
$409
Other Revenue
$0
Change in Net Assets
$-6,131

Audited Revenue Reconciliation

Revenue per Audited Statements
$139,994
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$139,994
Total Revenue per Form 990
$139,994
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$121,923
Salaries, Compensation, and Employee Benefits$24,202
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$56,509--$56,509
Occupancy$39,417--$39,417
Other Salaries and Wages$20,102--$20,102
Fees for Services Management$10,128--$10,128
Fees for Services Accounting$8,082--$8,082
Other Employee Benefits$2,985--$2,985
Office Expenses$2,548--$2,548
Information Technology$1,336--$1,336
Conferences and Meetings$1,289--$1,289
Payroll Taxes$1,089--$1,089
Travel$525--$525
Advertising$324--$324
Other Expenses$188--$188
Pension Plan Contributions$26--$26
Total Functional Expenses$146,125$0$0$146,125

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$146,125
Total Expenses per Audited Statements$146,125
Total Expenses per Form 990$146,125
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Tenant Deposits Held in Trust$5,180
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Wesley housing corporation of memphis, inc. Acts as the management company for wesley at paris, inc.”

Form 990, Part VI, Section B, Line 11

“A non-voting member of the board reviews the form 990 before it is filed.”

Form 990, Part VI, Section B, Line 12C

“The organization periodically reviews and updates the disclosed interests of officers, directors, and key employees that could potentially give rise to conflict.”

Form 990, Part VI, Section B, Line 15

“Compensation of all employees is determined through the approval of the budget.”

Form 990, Part VI, Section C, Line 19

“The organization provides access of its financial information to the public through www.guidestar.com and upon request.”

Filing and Contact Details

Filer

EIN
31-1779476
Phone
9013804900

Signing Officer

Name
Larry Kaler
Title
CEO
Phone
9013804900
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Kaler
Formed
2005
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
11
Employees
8
Volunteers
11

Preparer

Preparer
Marcus Rountree
Phone
9015238283
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

“The board of directors assumes responsibility for oversight of the audit of its financial statements and the selection of an independent auditor. This process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The project adopted the income taxes topic of the fasb accounting standards codification (asc) 740, which provides guidance for how uncertain income tax positions should be recognized, measured, presented and disclosed in the financial statements. The project is required to evaluate the income tax positions taken or expected to be taken to determine whether the positions are "more-likely-than-not" to be sustained upon examination by the appicable tax authority. The project has determined that the application of the income taxes standard does not impact the operations of the project and that no provision for income tax is required in the project's financial statements. As of december 31, 2013, the following tax years remain open due to the applicable tax authority's ability to review and assess previously issued returns: federal - december 31, 2010, 2011, 2012, and 2013. There have been no interest or penalties recognized in the statements of financial position or statements of activities and changes in net (deficit) for the years ended december 31, 2013 and 2012.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY / TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/OtherAssetsTotalGrp/EOYAmt07586
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02985
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02985
IRS990/OtherExpensesGrp/Desc0TAXES
IRS990/OtherExpensesGrp/Desc1OTHER MISC EXPENSES
IRS990/OtherExpensesGrp/Desc2VEHICLE OPERATIONS
IRS990/OtherExpensesGrp/ProgramServicesAmt01134
IRS990/OtherExpensesGrp/ProgramServicesAmt1443
IRS990/OtherExpensesGrp/ProgramServicesAmt2188
IRS990/OtherExpensesGrp/TotalAmt01134
IRS990/OtherExpensesGrp/TotalAmt1443
IRS990/OtherExpensesGrp/TotalAmt2188
IRS990/OtherLiabilitiesGrp/BOYAmt05083
IRS990/OtherLiabilitiesGrp/EOYAmt05180
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt020102
IRS990/OtherSalariesAndWagesGrp/TotalAmt020102
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt01089
IRS990/PayrollTaxesGrp/TotalAmt01089
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt026
IRS990/PensionPlanContributionsGrp/TotalAmt026
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07356
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010528
IRS990/PrincipalOfficerNm0LARRY KALER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0NET TENANT RENTS
IRS990/ProgramServiceRevenueGrp/Desc1RENT RELATED REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt057330
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1863
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt057330
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1863
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0598
IRS990/PYOtherExpensesAmt0119855
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0113553
IRS990/PYRevenuesLessExpensesAmt0-29683
IRS990/PYSalariesCompEmpBnftPaidAmt023979
IRS990/PYTotalExpensesAmt0143834
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0114151
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-6131
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt058193
IRS990/SavingsAndTempCashInvstGrp/BOYAmt056162
IRS990/SavingsAndTempCashInvstGrp/EOYAmt066526
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt081392
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt081392
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0409
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0598
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0547
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0451
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0381
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02386
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt058193
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0113553
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0111260
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0101338
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt097845
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0482189
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0409
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0598
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0547
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0451
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0381
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02386
IRS990ScheduleA/InvestmentIncomeCYPct00.00420
IRS990ScheduleA/InvestmentIncomePYPct00.00550
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99580
IRS990ScheduleA/PublicSupportPY509Pct00.99450
IRS990ScheduleA/PublicSupportTotal509Amt0563581
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0139585
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0113553
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0111260
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0101338
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt097845
IRS990ScheduleA/Total509Grp/TotalAmt0563581
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0139994
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0114151
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0111807
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0101789
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt098226
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0565967
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01061373
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0446124
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01507497
IRS990ScheduleD/EquipmentGrp/BookValueAmt058537
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015502
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt074039
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0146125
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt087750
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt087750
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02382
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01104
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03486
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05180
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0139994
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT ADOPTED THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, WHICH PROVIDES GUIDANCE FOR HOW UNCERTAIN INCOME TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED AND DISCLOSED IN THE FINANCIAL STATEMENTS. THE PROJECT IS REQUIRED TO EVALUATE THE INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN TO DETERMINE WHETHER THE POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED UPON EXAMINATION BY THE APPICABLE TAX AUTHORITY. THE PROJECT HAS DETERMINED THAT THE APPLICATION OF THE INCOME TAXES STANDARD DOES NOT IMPACT THE OPERATIONS OF THE PROJECT AND THAT NO PROVISION FOR INCOME TAX IS REQUIRED IN THE PROJECT'S FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2013, THE FOLLOWING TAX YEARS REMAIN OPEN DUE TO THE APPLICABLE TAX AUTHORITY'S ABILITY TO REVIEW AND ASSESS PREVIOUSLY ISSUED RETURNS: FEDERAL - DECEMBER 31, 2010, 2011, 2012, AND 2013. THERE HAVE BEEN NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENTS OF FINANCIAL POSITION OR STATEMENTS OF ACTIVITIES AND CHANGES IN NET (DEFICIT) FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01210042
IRS990ScheduleD/TotalExpensesPerForm990Amt0146125
IRS990ScheduleD/TotalLiabilityAmt05180
IRS990ScheduleD/TotalRevenuePerForm990Amt0139994
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0139994
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0146125
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WESLEY HOUSING CORPORATION OF MEMPHIS, INC. ACTS AS THE MANAGEMENT COMPANY FOR WESLEY AT PARIS, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A NON-VOTING MEMBER OF THE BOARD REVIEWS THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PERIODICALLY REVIEWS AND UPDATES THE DISCLOSED INTERESTS OF OFFICERS, DIRECTORS, AND KEY EMPLOYEES THAT COULD POTENTIALLY GIVE RISE TO CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION OF ALL EMPLOYEES IS DETERMINED THROUGH THE APPROVAL OF THE BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION PROVIDES ACCESS OF ITS FINANCIAL INFORMATION TO THE PUBLIC THROUGH WWW.GUIDESTAR.COM AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,306,185
Liabilities
$1,585,691
Net assets
-$279,506
Revenue
$139,994
Expenses
$146,125
Net income
-$6,131
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.82$1.67$0.84$0.18$0.22$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.86$1.67$0.80$0.18$0.22$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.90$1.67$0.77$0.17$0.21$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.92$1.65$0.73$0.16$0.27$0.11
2020Detailed filing. Detailed filing data is available for this year.$1.02$1.64$0.62$0.15$0.18$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.05$1.64$0.59$0.16$0.20$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.08$1.64$0.56$0.13$0.19$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.12$1.62$0.49$0.12$0.18$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.17$1.60$0.43$0.12$0.19$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.22$1.58$0.36$0.12$0.16$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.26$1.59$0.33$0.11$0.16$0.05
2013Detailed filing. Detailed filing data is available for this year.$1.31$1.59$0.28$0.14$0.15$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$1.59$0.27$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$1.59$0.24$0.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$1.60$0.22$0.14