Civic Intelligence

Wesley at Martin Inc.

990 • Fiscal year 2014 • EIN 58-2022137

Jul 01, 2013 to Jun 30, 2014 • Filed on May 15, 2015

1615 Appling Road38016

(901) 380-4900

Siviq Scores

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

Liabilities / Assets

97th percentile

1.53x

Higher debt load relative to assets than 97% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

96th percentile

7.60x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

17th percentile

-13%

Higher net margin than 17% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

28th percentile

-2.9%

Faster asset growth than 28% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

Flat

$1,257,453

Flat from 2014

Net Assets

Flat

-$664,532

Flat from 2014

Liabilities

Flat

$1,921,985

Flat from 2014

Revenue

Flat

$252,738

Flat from 2014

Expenses

Flat

$286,738

Flat from 2014

Net Income

Flat

-$34,000

Flat from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $1,350,271Liabilities 2011: $1,921,713Net Assets 2011: -$571,4422011Assets 2012: $1,328,071Liabilities 2012: $1,922,863Net Assets 2012: -$594,7922012Assets 2013: $1,294,595Liabilities 2013: $1,925,127Net Assets 2013: -$630,5322013Assets 2014: $1,257,453Liabilities 2014: $1,921,985Net Assets 2014: -$664,5322014Assets 2014: $1,257,453Liabilities 2014: $1,921,985Net Assets 2014: -$664,5322014Assets 2015: $1,234,032Liabilities 2015: $1,924,451Net Assets 2015: -$690,4192015Assets 2016: $1,204,276Liabilities 2016: $1,929,935Net Assets 2016: -$725,6592016Assets 2017: $1,169,313Liabilities 2017: $1,938,887Net Assets 2017: -$769,5742017Assets 2018: $1,111,269Liabilities 2018: $1,939,022Net Assets 2018: -$827,7532018Assets 2019: $1,056,990Liabilities 2019: $1,946,833Net Assets 2019: -$889,8432019Assets 2020: $1,078,438Liabilities 2020: $1,975,184Net Assets 2020: -$896,7462020Assets 2021: $1,019,620Liabilities 2021: $1,972,520Net Assets 2021: -$952,9002021Assets 2022: $981,812Liabilities 2022: $1,975,445Net Assets 2022: -$993,6332022Assets 2023: $934,685Liabilities 2023: $1,953,080Net Assets 2023: -$1,018,3952023Assets 2024: $899,944Liabilities 2024: $1,960,947Net Assets 2024: -$1,061,0032024

Highlighted filing

2014

Assets$1,257,453
Liabilities$1,921,985
Net Assets-$664,532

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $216,8842011Expenses 2012: $243,1642012Expenses 2013: $271,9612013Revenue 2014: $252,738Expenses 2014: $286,738Net Income 2014: -$34,0002014Revenue 2014: $252,738Expenses 2014: $286,738Net Income 2014: -$34,0002014Revenue 2015: $251,926Expenses 2015: $277,813Net Income 2015: -$25,8872015Revenue 2016: $261,524Expenses 2016: $296,764Net Income 2016: -$35,2402016Revenue 2017: $257,123Expenses 2017: $301,038Net Income 2017: -$43,9152017Revenue 2018: $261,359Expenses 2018: $319,538Net Income 2018: -$58,1792018Revenue 2019: $262,168Expenses 2019: $324,258Net Income 2019: -$62,0902019Revenue 2020: $324,531Expenses 2020: $331,434Net Income 2020: -$6,9032020Revenue 2021: $306,854Expenses 2021: $363,008Net Income 2021: -$56,1542021Revenue 2022: $337,586Expenses 2022: $378,319Net Income 2022: -$40,7332022Revenue 2023: $371,224Expenses 2023: $395,986Net Income 2023: -$24,7622023Revenue 2024: $373,804Expenses 2024: $416,412Net Income 2024: -$42,6082024

Highlighted filing

2014

Revenue$252,738
Expenses$286,738
Net Income-$34,000
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 15, 2015
Return Version
2013v4.0
Gross Receipts
$252,738
Mission and Program Overview

Mission

Provide apartment units and other related services under the terms of the u.s. Department of housing and urban development programs for very low and extremely low income elderly individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,178,155$1,184,802▲ $6,647
Cash and Non-Interest-Bearing Accounts$100,341$55,642▼ $44,699
Prepaid Expenses and Deferred Charges$4,204$4,882▲ $678
Accounts Receivable$631$870▲ $239
Total Assets$1,294,595$1,257,453▼ $37,142
Other Assets Total$11,264$11,257▼ $7
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,890,400$1,890,400→ $0
Accounts Payable and Accrued Expenses$23,190$19,439▼ $3,751
Other Liabilities$11,264$11,255▼ $9
Deferred Revenue$273$891▲ $618
Total Liabilities$1,925,127$1,921,985▼ $3,142
Net Assets / Fund Balance
Unrestricted Net Assets$-630,532$-664,532▼ $34,000
Total Net Assets Fund Balance$-630,532$-664,532▼ $34,000
Total Liabilities and Net Assets / Fund Balance$1,294,595$1,257,453▼ $37,142

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,055,421$815,279$1,870,700
Equipment$59,381$43,735$103,116
Land$70,000-$70,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nick NashPresident
William KeithVice President
Diane SluderBoard Member
Dwight DavisBoard Member
Earline MatthewsBoard Member
Michelle FracchiaBoard Member
Pam JeffriesBoard Member
Rev Donald ParkBoard Member
Rev Steve CavittBoard Member
Wallace McalexanderBoard Member
Larry KalerNon-voting CEO
Jim NassoNon-voting COO
Mary Lou CushingSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$134,782
Program Service Revenue
$117,795
Investment Income
$161
Other Revenue
$0
Change in Net Assets
$-34,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$252,738
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$252,738
Total Revenue per Form 990
$252,738
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$211,274
Salaries, Compensation, and Employee Benefits$75,464
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$98,241--$98,241
Other Salaries and Wages$64,584--$64,584
Depreciation Depletion$55,969--$55,969
Fees for Services Management-$33,592-$33,592
Fees for Services Accounting-$9,426-$9,426
Other Employee Benefits$5,885--$5,885
Other Expenses$5,668--$5,668
Payroll Taxes$4,174--$4,174
Office Expenses-$3,467-$3,467
Information Technology$2,336--$2,336
Conferences and Meetings$990--$990
Travel$953--$953
Pension Plan Contributions$821--$821
Advertising$632--$632
Total Functional Expenses$240,253$46,485$0$286,738

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$286,738
Total Expenses per Audited Statements$286,738
Total Expenses per Form 990$286,738
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 Security Deposits$11,255
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 at martin, inc. 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 at martin, inc. 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 11

A copy of the form 990 is reviewed by a board member prior to filing.

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

The organization periodically reviews and updates the disclosed interests of the 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 approval of the budget.

Form 990, Part VI, Section C, Line 19

Information is available through www.guidestar.org or upon 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

EIN
58-2022137
Phone
9013804900

Signing Officer

Name
Don Ollio
Title
CFO
Phone
9013804900
Signed
2015-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Ollio
Formed
1996
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
11
Employees
7
Volunteers
0

Preparer

Preparer
Steven C Levy
Phone
3178485700
Supplemental Narrative

Additional Explanations

FORM 990, 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 were subject to examinations from the three years after the later of the original or extended due date or the date filed by the applicable tax authority.

Raw XML AppendixShowing 400 of 771 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt023190
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt019439
IRS990/AccountsReceivableGrp/BOYAmt0631
IRS990/AccountsReceivableGrp/EOYAmt0870
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE APARTMENT UNITS AND OTHER RELATED SERVICES UNDER THE TERMS OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PROGRAMS FOR VERY LOW AND EXTREMELY LOW INCOME ELDERLY INDIVIDUALS.
IRS990/AdvertisingGrp/ProgramServicesAmt0632
IRS990/AdvertisingGrp/TotalAmt0632
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10DON OLLIO
IRS990/BooksInCareOfDetail/PhoneNum09013804900
IRS990/BooksInCareOfDetail/USAddress/AddressLine101615 APPLING ROAD
IRS990/BooksInCareOfDetail/USAddress/City0CORDOVA
IRS990/BooksInCareOfDetail/USAddress/State0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCode038016
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0100341
IRS990/CashNonInterestBearingGrp/EOYAmt055642
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0990
IRS990/ConferencesMeetingsGrp/TotalAmt0990
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0134782
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0161
IRS990/CYOtherExpensesAmt0211274
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0117795
IRS990/CYRevenuesLessExpensesAmt0-34000
IRS990/CYSalariesCompEmpBnftPaidAmt075464
IRS990/CYTotalExpensesAmt0286738
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0252738
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0273
IRS990/DeferredRevenueGrp/EOYAmt0891
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt055969
IRS990/DepreciationDepletionGrp/TotalAmt055969
IRS990/Desc0PROVIDE APARTMENT UNITS AND OTHER RELATED SERVICES UNDER THE TERMS OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PROGRAMS FOR VERY LOW AND EXTREMELY LOW INCOME ELDERLY INDIVIDUALS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt07
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0240253
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09426
IRS990/FeesForServicesAccountingGrp/TotalAmt09426
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt033592
IRS990/FeesForServicesManagementGrp/TotalAmt033592
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.20
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/PersonNm0LARRY KALER
IRS990/Form990PartVIISectionAGrp/PersonNm1JIM NASSO
IRS990/Form990PartVIISectionAGrp/PersonNm2REV DONALD PARK
IRS990/Form990PartVIISectionAGrp/PersonNm3MARY LOU CUSHING
IRS990/Form990PartVIISectionAGrp/PersonNm4NICK NASH
IRS990/Form990PartVIISectionAGrp/PersonNm5WILLIAM KEITH
IRS990/Form990PartVIISectionAGrp/PersonNm6MICHELLE FRACCHIA
IRS990/Form990PartVIISectionAGrp/PersonNm7DWIGHT DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm8EARLINE MATTHEWS
IRS990/Form990PartVIISectionAGrp/PersonNm9DIANE SLUDER
IRS990/Form990PartVIISectionAGrp/PersonNm10PAM JEFFRIES
IRS990/Form990PartVIISectionAGrp/PersonNm11WALLACE MCALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm12REV STEVE CAVITT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0NON-VOTING CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1NON-VOTING COO
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt0134782
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0252738
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt02336
IRS990/InformationTechnologyGrp/TotalAmt02336
IRS990/InvestmentIncomeGrp/ExclusionAmt0161
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0161
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0859014
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01178155
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01184802
IRS990/LandBldgEquipCostOrOtherBssAmt02043816
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE APARTMENT UNITS AND OTHER RELATED SERVICES UNDER THE TERMS OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PROGRAMS FOR VERY LOW AND EXTREMELY LOW INCOME ELDERLY INDIVIDUALS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01890400
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01890400
IRS990/NetAssetsOrFundBalancesBOYAmt0-630532
IRS990/NetAssetsOrFundBalancesEOYAmt0-664532
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt098241
IRS990/OccupancyGrp/TotalAmt098241
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03467
IRS990/OfficeExpensesGrp/TotalAmt03467
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt011264
IRS990/OtherAssetsTotalGrp/EOYAmt011257
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt05885
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05885
IRS990/OtherExpensesGrp/Desc0SERVICE COORDINATOR CON
IRS990/OtherExpensesGrp/ProgramServicesAmt05668
IRS990/OtherExpensesGrp/TotalAmt05668
IRS990/OtherLiabilitiesGrp/BOYAmt011264
IRS990/OtherLiabilitiesGrp/EOYAmt011255
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt064584
IRS990/OtherSalariesAndWagesGrp/TotalAmt064584
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt04174
IRS990/PayrollTaxesGrp/TotalAmt04174
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0821
IRS990/PensionPlanContributionsGrp/TotalAmt0821
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04204
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04882
IRS990/PrincipalOfficerNm0DON OLLIO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0117795
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0117795
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0115708
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0547
IRS990/PYOtherExpensesAmt0220572
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0119966
IRS990/PYRevenuesLessExpensesAmt0-35740
IRS990/PYSalariesCompEmpBnftPaidAmt051389
IRS990/PYTotalExpensesAmt0271961
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0236221
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-34000
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0117795
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0134782
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0115708
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt097435
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt080452
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt056565
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0484942
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0161
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0547
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0622
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0568
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0535
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02433
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0117795
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0119966
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0121757
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0122109
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0118214
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0599841
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0161
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0547
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0622
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0568
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0535
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02433
IRS990ScheduleA/InvestmentIncomeCYPct00.00220
IRS990ScheduleA/InvestmentIncomePYPct00.00320
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01225
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01225
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99660
IRS990ScheduleA/PublicSupportPY509Pct00.99450
IRS990ScheduleA/PublicSupportTotal509Amt01084783
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0252577
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0235674
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0219192
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0202561
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0174779
IRS990ScheduleA/Total509Grp/TotalAmt01084783
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0252738
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0236221
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0219814
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0203129
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0176539
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01088441
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/BookValueAmt01055421
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0815279
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01870700
IRS990ScheduleD/EquipmentGrp/BookValueAmt059381
IRS990ScheduleD/EquipmentGrp/DepreciationAmt043735
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0103116
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0286738
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt070000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt070000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011255
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0252738
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 WERE SUBJECT TO EXAMINATIONS FROM THE 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/TotalBookValueLandBuildingsAmt01184802
IRS990ScheduleD/TotalExpensesPerForm990Amt0286738
IRS990ScheduleD/TotalLiabilityAmt011255
IRS990ScheduleD/TotalRevenuePerForm990Amt0252738
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0252738
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0286738
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WESLEY AT MARTIN, INC. 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 AT MARTIN, INC. 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 A BOARD MEMBER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PERIODICALLY REVIEWS AND UPDATES THE DISCLOSED INTERESTS OF THE OFFICERS, DIRECTORS, AND KEY EMPLOYEES THAT COULD POTENTIALLY GIVE RISE TO CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION OF ALL EMPLOYEES IS DETERMINED THROUGH APPROVAL OF THE BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INFORMATION IS AVAILABLE THROUGH WWW.GUIDESTAR.ORG OR UPON 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 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 VII, SECTION A, LINE 1A, COLUMN B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00

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.$0.90$1.96$1.06$0.37$0.42$0.04
2023Summary only. Only limited summary data is available for this year.$0.93$1.95$1.02$0.37$0.40$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$1.98$0.99$0.34$0.38$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$1.97$0.95$0.31$0.36$0.06
2020Summary only. Only limited summary data is available for this year.$1.08$1.98$0.90$0.32$0.33$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$1.95$0.89$0.26$0.32$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$1.94$0.83$0.26$0.32$0.06
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$1.94$0.77$0.26$0.30$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$1.93$0.73$0.26$0.30$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.23$1.92$0.69$0.25$0.28$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.26$1.92$0.66$0.25$0.29$0.03
2014Summary only. Only limited summary data is available for this year.$1.26$1.92$0.66$0.25$0.29$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$1.93$0.63$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$1.92$0.59$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$1.92$0.57$0.22
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $1M-$5M nonprofits