Civic Intelligence

Wesley Murray Meadow Inc.

990 • Fiscal year 2016 • EIN 45-4123137

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

1615 Appling RoadCordova, TN 38016

(901) 380-4900

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.11x

Higher debt load relative to assets than 93% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

21.03x

Higher debt load relative to revenue than 99% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

4th percentile

-80%

Higher net margin than 4% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

25th percentile

-4.1%

Faster asset growth than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

40th percentile

-0.6%

Faster revenue growth than 40% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,301,509

Down $97,356 (-4.1%) from 2015

Net Assets

Down

-$261,683

Down $97,933 (-60%) from 2015

Liabilities

Up

$2,563,192

Up $577 (+0.0%) from 2015

Revenue

Down

$121,870

Down $696 (-0.6%) from 2015

Expenses

Up

$219,802

Up $8,403 (+4.0%) from 2015

Net Income

Down

-$97,932

Down $9,099 (-10%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2014: $2,481,249Liabilities 2014: $2,556,166Net Assets 2014: -$74,9172014Assets 2015: $2,398,865Liabilities 2015: $2,562,615Net Assets 2015: -$163,7502015Assets 2016: $2,301,509Liabilities 2016: $2,563,192Net Assets 2016: -$261,6832016Assets 2017: $2,207,936Liabilities 2017: $2,567,571Net Assets 2017: -$359,6352017Assets 2018: $2,110,743Liabilities 2018: $2,575,948Net Assets 2018: -$465,2052018Assets 2019: $2,033,577Liabilities 2019: $2,586,056Net Assets 2019: -$552,4792019Assets 2020: $1,967,131Liabilities 2020: $2,588,168Net Assets 2020: -$621,0372020Assets 2021: $1,901,336Liabilities 2021: $2,596,906Net Assets 2021: -$695,5702021Assets 2022: $1,836,180Liabilities 2022: $2,594,028Net Assets 2022: -$757,8482022Assets 2023: $1,747,018Liabilities 2023: $2,588,711Net Assets 2023: -$841,6932023Assets 2024: $1,693,167Liabilities 2024: $2,580,130Net Assets 2024: -$886,9632024

Highlighted filing

2016

Assets$2,301,509
Liabilities$2,563,192
Net Assets-$261,683

Operations Trend

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

$300K$200K$100K$0-$100K-$200KRevenue 2014: $108,931Expenses 2014: $147,111Net Income 2014: -$38,1802014Revenue 2015: $122,566Expenses 2015: $211,399Net Income 2015: -$88,8332015Revenue 2016: $121,870Expenses 2016: $219,802Net Income 2016: -$97,9322016Revenue 2017: $134,366Expenses 2017: $225,948Net Income 2017: -$91,5822017Revenue 2018: $138,061Expenses 2018: $243,631Net Income 2018: -$105,5702018Revenue 2019: $145,743Expenses 2019: $233,017Net Income 2019: -$87,2742019Revenue 2020: $164,812Expenses 2020: $233,370Net Income 2020: -$68,5582020Revenue 2021: $188,712Expenses 2021: $263,245Net Income 2021: -$74,5332021Revenue 2022: $199,987Expenses 2022: $262,265Net Income 2022: -$62,2782022Revenue 2023: $206,833Expenses 2023: $290,678Net Income 2023: -$83,8452023Revenue 2024: $216,593Expenses 2024: $261,863Net Income 2024: -$45,2702024

Highlighted filing

2016

Revenue$121,870
Expenses$219,802
Net Income-$97,932
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$121,870
Mission and Program Overview

Mission

Wesley murray meadow, inc. Is a not-for-profit corporation formed in december 2011, in accordance with the not-for-profit statutes of the state of kentucky. The corporation was formed for the purpose of operating a 20-unit community located in murray, kentucky, known as wesley murray meadow, which provides housing and related services for very low income elderly persons pursuant to section 202 of the national housing act, as amended.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,314,763$2,216,936▼ $97,827
Investments Program Related$27,649$26,277▼ $1,372
Cash and Non-Interest-Bearing Accounts$7,958$9,611▲ $1,653
Prepaid Expenses and Deferred Charges$8,175$8,495▲ $320
Accounts Receivable$769$489▼ $280
Total Assets$2,398,865$2,301,509▼ $97,356
Other Assets Total$39,551$39,701▲ $150
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,547,600$2,547,600→ $0
Accounts Payable and Accrued Expenses$8,794$9,154▲ $360
Other Liabilities$6,221$6,363▲ $142
Deferred Revenue-$75-
Total Liabilities$2,562,615$2,563,192▲ $577
Net Assets / Fund Balance
Unrestricted Net Assets$-163,750$-261,683▼ $97,933
Total Net Assets Fund Balance$-163,750$-261,683▼ $97,933
Total Liabilities and Net Assets / Fund Balance$2,398,865$2,301,509▼ $97,356

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,153,270$255,121$2,408,391
Other Land Buildings$31,429$11,679$43,108
Land$25,000-$25,000
Equipment$7,237$5,034$12,271
Compensation and Service Providers

Board Members and Trustees

NameTitle
William KeithPresident
Scott BlountVice President
Dwight DavisMember
Rev Andrew ThompsonMember
Rev Steve CavittMember
Wallace McalexanderMember
James C NassoNon-voting CEO
Don OllioNon-voting CFO
Ron BudynasNon-voting COO
Mary Lou CushingTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$53,781
Program Service Revenue
$68,040
Investment Income
$49
Other Revenue
$0
Change in Net Assets
$-97,932

Audited Revenue Reconciliation

Revenue per Audited Statements
$121,870
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$121,870
Total Revenue per Form 990
$121,870
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$183,314
Salaries, Compensation, and Employee Benefits$36,488
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$99,087--$99,087
Occupancy$55,498--$55,498
Other Salaries and Wages$30,115--$30,115
Fees for Services Management-$9,133-$9,133
Fees for Services Accounting-$7,930-$7,930
Other Employee Benefits$3,986--$3,986
Office Expenses-$2,526-$2,526
Information Technology$2,178--$2,178
Payroll Taxes$1,958--$1,958
Conferences and Meetings$1,750--$1,750
Other Expenses$1,740--$1,740
Advertising$564--$564
Fees for Services Legal$472--$472
Pension Plan Contributions$429--$429
Total Functional Expenses$200,213$19,589$0$219,802

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$219,803
Total Expenses per Audited Statements$219,803
Total Expenses per Form 990$219,803
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
Security Deposits$6,363
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 murray meadow is managed by wesley housing corporation of memphis, inc., a professional property management company. Wesley housing corporation of memphis, inc. Has a project owner's and management agent's certification for multifamily housing projects with the us department of housing and urban development. Under this certification, hud has approved wesley housing corporation of memphis, inc. To manage the wesley murray meadow apartment community. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 is reviewed by an officer prior to filing.

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

Review of the policy on an annual basis with the board of directors to make sure that everyone is in compliance.

Form 990, Part VI, Section B, Line 15

The compensation of all employees is determined through the approval of the budget.

Form 990, Part VI, Section C, Line 19

The organization provides its financial information to the public through www.guidestar.org and upon written request.

Form 990, Part VII, Section A, Line 1A, Column B

All of the officers, directors, and employees listed in part vii, section a perform similar duties and have similar responsibilities for related organizations as they do for this organization. Their total hours worked per week for this organization are similar to their hours worked for related organizations both in terms of number of hours and type of work performed.

Filing and Contact Details

Filer

Filer Name
Wesley Murray Meadow Inc
EIN
45-4123137
Phone
9013804900
Address
1615 APPLING ROAD, CORDOVA, TN 38016

Signing Officer

Name
Don Ollio
Title
CFO
Phone
9013804900
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James C Nasso
Formed
2011
Legal Domicile
Ky
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
7

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD STE 300, CARMEL, IN 46032
Preparer
Steven C Levy
Phone
3178485700
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

An audit committee reviews the audit results and selection of the auditing firm through a periodic competitive bidding process.

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state tax returns are subject to examination for three years after the later of the original or extended due date or the date filed by the applicable tax authority.

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IRS990/Desc0WESLEY MURRAY MEADOW, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN DECEMBER 2011, IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF KENTUCKY. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 20-UNIT COMMUNITY LOCATED IN MURRAY, KENTUCKY, KNOWN AS WESLEY MURRAY MEADOW, WHICH PROVIDES HOUSING AND RELATED SERVICES FOR VERY LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.
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IRS990/MissionDesc0WESLEY MURRAY MEADOW, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN DECEMBER 2011, IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF KENTUCKY. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 20-UNIT COMMUNITY LOCATED IN MURRAY, KENTUCKY, KNOWN AS WESLEY MURRAY MEADOW, WHICH PROVIDES HOUSING AND RELATED SERVICES FOR VERY LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt039551
IRS990/OtherAssetsTotalGrp/EOYAmt039701
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03986
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03986
IRS990/OtherExpensesGrp/Desc0SERVICE COORDINATOR CON
IRS990/OtherExpensesGrp/Desc1VEHICLE OPERATION REPAI
IRS990/OtherExpensesGrp/ProgramServicesAmt02436
IRS990/OtherExpensesGrp/ProgramServicesAmt11740
IRS990/OtherExpensesGrp/TotalAmt02436
IRS990/OtherExpensesGrp/TotalAmt11740
IRS990/OtherLiabilitiesGrp/BOYAmt06221
IRS990/OtherLiabilitiesGrp/EOYAmt06363
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt030115
IRS990/OtherSalariesAndWagesGrp/TotalAmt030115
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt01958
IRS990/PayrollTaxesGrp/TotalAmt01958
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0429
IRS990/PensionPlanContributionsGrp/TotalAmt0429
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08175
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08495
IRS990/PrincipalOfficerNm0JAMES C NASSO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt068040
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt068040
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt051994
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt044
IRS990/PYOtherExpensesAmt0178858
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt070528
IRS990/PYRevenuesLessExpensesAmt0-88833
IRS990/PYSalariesCompEmpBnftPaidAmt032541
IRS990/PYTotalExpensesAmt0211399
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0122566
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-97932
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt068040
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt053781
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt051994
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt035784
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0141559
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt049
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt044
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt046
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0139
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt068040
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt070528
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt048201
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0186769
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt049
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt044
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt046
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0139
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99960
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt0328328
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0121821
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0122522
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt083985
IRS990ScheduleA/Total509Grp/TotalAmt0328328
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0121870
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0122566
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt084031
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0328467
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/BookValueAmt02153270
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0255121
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02408391
IRS990ScheduleD/EquipmentGrp/BookValueAmt07237
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05034
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012271
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0219803
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt025000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt025000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt031429
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011679
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt043108
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06363
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0121870
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS ARE SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED BY THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02216936
IRS990ScheduleD/TotalExpensesPerForm990Amt0219803
IRS990ScheduleD/TotalLiabilityAmt06363
IRS990ScheduleD/TotalRevenuePerForm990Amt0121870
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0121870
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0219803
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WESLEY MURRAY MEADOW IS MANAGED BY WESLEY HOUSING CORPORATION OF MEMPHIS, INC., A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. WESLEY HOUSING CORPORATION OF MEMPHIS, INC. HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED WESLEY HOUSING CORPORATION OF MEMPHIS, INC. TO MANAGE THE WESLEY MURRAY MEADOW APARTMENT COMMUNITY. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS REVIEWED BY AN OFFICER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEW OF THE POLICY ON AN ANNUAL BASIS WITH THE BOARD OF DIRECTORS TO MAKE SURE THAT EVERYONE IS IN COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION OF ALL EMPLOYEES IS DETERMINED THROUGH THE APPROVAL OF THE BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION PROVIDES ITS FINANCIAL INFORMATION TO THE PUBLIC THROUGH WWW.GUIDESTAR.ORG AND UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AN AUDIT COMMITTEE REVIEWS THE AUDIT RESULTS AND SELECTION OF THE AUDITING FIRM THROUGH A PERIODIC COMPETITIVE BIDDING PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
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 VII, SECTION A, LINE 1A, COLUMN B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd130
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd140
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd150
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd160
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd170
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd180
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd190
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd210
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd220
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd230
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd240
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0WESLEY JACKSON HIGHLANDS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1WESLEY STAGE PARK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2WESLEY AT MILLINGTON

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