Civic Intelligence

Wesley Manor Inc.

990 • Fiscal year 2014 • EIN 59-0872675

Apr 01, 2013 to Mar 31, 2014 • Filed on Jan 24, 2015

80 West Lucerne Circle32801

(407) 839-5050

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.99x

Higher debt load relative to assets than 92% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

88th percentile

2.84x

Higher debt load relative to revenue than 88% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

18th percentile

-3.9%

Higher net margin than 18% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

64th percentile

$415,297

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

55th percentile

6.1%

Faster asset growth than 55% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

41st percentile

2.3%

Faster revenue growth than 41% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2011 to 2014

Assets

Up

$50,283,665

Up $2,891,356 (+6.1%) from 2013

Net Assets

Down

$558,581

Down $91,547 (-14%) from 2013

Liabilities

Up

$49,725,084

Up $2,982,903 (+6.4%) from 2013

Revenue

$17,482,397

No earlier filing loaded for comparison.

Expenses

Up

$18,169,554

Up $771,241 (+4.4%) from 2013

Net Income

-$687,157

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$100M$50M$0-$50MAssets 2010: $32,771,167Liabilities 2010: $33,713,327Net Assets 2010: -$942,1602010Assets 2011: $42,545,349Liabilities 2011: $42,591,945Net Assets 2011: -$46,5962011Assets 2012: $45,729,994Liabilities 2012: $45,099,202Net Assets 2012: $630,7922012Assets 2013: $47,392,309Liabilities 2013: $46,742,181Net Assets 2013: $650,1282013Assets 2014: $50,283,665Liabilities 2014: $49,725,084Net Assets 2014: $558,5812014Assets 2015: $55,702,536Liabilities 2015: $56,030,439Net Assets 2015: -$327,9032015Assets 2016: $57,506,415Liabilities 2016: $57,748,746Net Assets 2016: -$242,3312016Assets 2017: $66,825,166Liabilities 2017: $66,596,960Net Assets 2017: $228,2062017Assets 2018: $68,492,191Liabilities 2018: $68,660,154Net Assets 2018: -$167,9632018Assets 2019: $71,683,988Liabilities 2019: $71,466,947Net Assets 2019: $217,0412019Assets 2020: $73,389,749Liabilities 2020: $73,255,087Net Assets 2020: $134,6622020Assets 2021: $80,030,746Liabilities 2021: $74,975,680Net Assets 2021: $5,055,0662021Assets 2022: $79,657,515Liabilities 2022: $75,141,317Net Assets 2022: $4,516,1982022Assets 2023: $76,021,356Liabilities 2023: $71,482,374Net Assets 2023: $4,538,9822023Assets 2024: $83,511,655Liabilities 2024: $74,559,851Net Assets 2024: $8,951,8042024Assets 2025: $88,695,481Liabilities 2025: $77,622,853Net Assets 2025: $11,072,6282025

Highlighted filing

2014

Assets$50,283,665
Liabilities$49,725,084
Net Assets$558,581

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $15,049,8802010Revenue 2011: $16,327,034Expenses 2011: $15,805,324Net Income 2011: $521,7102011Expenses 2012: $15,620,8112012Expenses 2013: $17,398,3132013Revenue 2014: $17,482,397Expenses 2014: $18,169,554Net Income 2014: -$687,1572014Revenue 2015: $18,042,398Expenses 2015: $19,024,742Net Income 2015: -$982,3442015Revenue 2016: $18,766,715Expenses 2016: $18,345,322Net Income 2016: $421,3932016Revenue 2017: $19,863,932Expenses 2017: $19,898,671Net Income 2017: -$34,7392017Revenue 2018: $20,898,488Expenses 2018: $21,508,367Net Income 2018: -$609,8792018Revenue 2019: $22,081,235Expenses 2019: $22,243,849Net Income 2019: -$162,6142019Revenue 2020: $23,293,496Expenses 2020: $22,719,370Net Income 2020: $574,1262020Revenue 2021: $23,521,770Expenses 2021: $21,748,268Net Income 2021: $1,773,5022021Revenue 2022: $23,149,713Expenses 2022: $22,130,564Net Income 2022: $1,019,1492022Revenue 2023: $26,359,076Expenses 2023: $24,866,183Net Income 2023: $1,492,8932023Revenue 2024: $29,767,657Expenses 2024: $27,324,187Net Income 2024: $2,443,4702024Revenue 2025: $31,813,732Expenses 2025: $29,427,664Net Income 2025: $2,386,0682025

Highlighted filing

2014

Revenue$17,482,397
Expenses$18,169,554
Net Income-$687,157
Jump To
Filing Snapshot
Filing Period
Apr 1, 2013 to Mar 31, 2014
Signed
Jan 24, 2015
Return Version
2013v4.0
Gross Receipts
$21,167,046
Mission and Program Overview

Mission

Wesley manor, inc. Is a church related, non-profit community service organization dedicated and committed to providing services for older adults and persons with special needs by creating and preserving an excellent residential and health care community promoting wellness and encouraging active and healthy lifestyle choices. Wesley manor, inc. Believes in and is committed to honoring each person's dignity, rights, self-respect and independence. Wesley manor, inc. Is committed to a program of stewardship that recognizes its responsibility to use its resources well.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$31,100,956$32,573,809▲ $1,472,853
Cash and Non-Interest-Bearing Accounts$2,174,550$3,627,555▲ $1,453,005
Other Notes and Loans Receivable, Net$3,368,770$1,853,401▼ $1,515,369
Investments Other Securities$492,642$1,013,882▲ $521,240
Accounts Receivable$618,183$667,529▲ $49,346
Prepaid Expenses and Deferred Charges$90,219$103,411▲ $13,192
Inventories for Sale or Use$49,272$89,262▲ $39,990
Savings and Temporary Cash Investments$58,125--
Total Assets$47,392,309$50,283,665▲ $2,891,356
Other Assets Total$9,439,592$10,354,816▲ $915,224
Liabilities
Other Liabilities$24,774,401$27,455,049▲ $2,680,648
Tax Exempt Bond Liabilities$20,381,717$20,155,073▼ $226,644
Accounts Payable and Accrued Expenses$1,586,063$2,114,962▲ $528,899
Total Liabilities$46,742,181$49,725,084▲ $2,982,903
Net Assets / Fund Balance
Temporarily Rstr Net Assets$295,750$417,073▲ $121,323
Permanently Rstr Net Assets$306,809$306,809→ $0
Unrestricted Net Assets$47,569$-165,301▼ $212,870
Total Net Assets Fund Balance$650,128$558,581▼ $91,547
Total Liabilities and Net Assets / Fund Balance$47,392,309$50,283,665▲ $2,891,356

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$25,977,195$17,679,165$43,656,360
Equipment$3,048,119$3,126,527$6,174,646
Other Land Buildings$1,858,276$2,734,719$4,592,995
Land$1,690,219-$1,050,219
Other Assets Org$323,127--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Roger StevensSenior VP/as$415,297$415,297
Henry T KeithSenior VP/tr$332,753$332,753

Board Members and Trustees

NameTitle
John Milton VChairman/pre
Al MccullyDirector
Allen TrovillionDirector
Bruce MayDirector
Del R PolingDirector
Greg BustleDirector
James B BognerDirector
Jeannie DoddridgeDirector
John HillenmeyerDirector
Marjorie PhillipsDirector
Richard SturmDirector
Thomas ShaferDirector
William BellDirector
William HullDirector
Garry HennisCOO
Stephen DyeSecretary/di
Roger StevensSenior VP/assist Sec
Henry T KeithSenior VP/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Albritton Williams INCConstruction-$1,358,989
All Around Painting INCPainting/repair-$805,132
Westminster Services INCManagement Serv-$750,120
Ultimate WoodworksConstruction-$381,075
Kitchen And Flooring ConceptsFlooring-$318,079
Revenue and Support

Revenue Composition

Contributions and Grants
$131,956
Program Service Revenue
$17,099,463
Investment Income
$250,978
Other Revenue
$0
All Other Contributions
$131,956
Change in Net Assets
$-687,157

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Clothing and Household Goods-$1,050
Works of Art1$40
Total Noncash Contributions1$1,090
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,994,837
Salaries, Compensation, and Employee Benefits$7,174,717
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,049,730$756,644-$5,806,374
Depreciation Depletion$3,205,300--$3,205,300
Interest$1,169,808--$1,169,808
All Other Expenses$762,634$231,847-$994,481
Other Employee Benefits$804,068$90,280-$894,348
Occupancy$819,266--$819,266
Insurance-$780,718-$780,718
Fees for Services Management-$750,120-$750,120
Other Expenses$529,541$4,264-$529,541
Payroll Taxes$375,978$57,040-$433,018
Advertising-$290,301-$290,301
Fees for Services Accounting-$41,939-$41,939
Pension Plan Contributions$33,931$7,046-$40,977
Conferences and Meetings$4,915$24,841-$29,756
Fees for Services Legal-$15,750-$15,750
Travel-$10,839-$10,839
Office Expenses-$6,775-$6,775
Total Functional Expenses$15,093,465$3,076,089$0$18,169,554
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
Unearned Entrance Fees$11,647,346
Contractual Refund Obligation$9,136,291
Taxable Bond Liabilities$3,176,935
Refundable Entrance Fees$1,229,737
Estate Preservation Refund Liability$864,100
Wait List and Rental Deposits$759,995
Advances From Affiliates$626,315
Interest Rate Swap Liability$14,330

Bond Issues

BondIssuerIssuedIssue PricePurpose
B59-21466402011-08-04$11,098,432SEE PART VI
A59-21466402004-08-11$10,183,598CAPITAL IMPROVEMENTS

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$11,098,432$1,631,881$3,875$117,605
A$10,183,598$5,059,884$842,992$202,750

Bond Financing Compliance

No rebate due
Yes
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
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The board of directors delegated control of management duties to westminster services, inc. An affiliated not-for-profit. Westminster services, inc. Has extensive experience with the management of not-for-profit homes for the aged.

Form 990, Page 6, Part VI, Line 6

The sole member of the organization is presbyterian retirement communities, inc.

Form 990, Page 6, Part VI, Line 7A

Presbyterian retirement communities, inc. May elect one or more members of the board of directors.

Form 990, Page 6, Part VI, Line 7B

Presbyterian retirement communities, inc. Must approve dissolution of the organization, sale of substantial assets, new board members or replacement of the management company.

Form 990, Page 6, Part VI, Line 11B

The audit committee of the board of directors reviews the 990 before it is filed.

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

The written conflict of interest policy is reviewed and signed annually by the board of directors, officers and employees. With a centralized accounts payable and payroll system, the management company monitors all payments and transactions with vendors. In addition, the organization has a toll-free compliance hotline that can be used by board members or staff to report any issues.

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

SEE BELOW.

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

The organization utilizes numerous salary surveys with like-kind organizations to determine the proper salary/wage amount for each employee.

Form 990, Page 6, Part VI, Line 19

The governing documents, conflict of interest policy and financial statements are made available to the public upon written request.

Form 990, Part VII

Average hours per week are shared between the related organizations of westminster retirement communities, inc. And presbyterian retirement communities, inc.

Filing and Contact Details

Filer

EIN
59-0872675
Phone
4078395050

Signing Officer

Name
Henry Keith
Title
Senior VP / Treasurer
Phone
4078395050
Signed
2015-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Henry Keith
Formed
1961
Legal Domicile
Fl
Voting Board Members
15
Independent Board Members
15
Employees
300
Volunteers
379

Preparer

Preparer
Russell K Hoskins
Phone
4072773000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Wesley manor, inc. Is a church related, non-profit community service organization dedicated and committed to providing services for older adults and persons with special needs by creating and preserving an excellent residential and health care community promoting wellness and encouraging active and healthy lifestyle choices. Wesley manor, inc. Believes in and is committed to honoring each person's dignity, rights, self-respect and independence. Wesley manor, inc. Is committed to a program of stewardship that recognizes its responsibility to use its resources well.

Financial Statement Notes

Schedule D, Page 3, Part X

The internal revenue service has recognized wesley manor, inc. As a tax- exempt organization under section 501(c)(3) of the internal revenue code. As a result, income earned in furtherance of the entity's tax-exempt purpose is exempt from federal and state income taxes and; accordingly, these financial statements include no provision or liability for income taxes. As of march 31, 2014, wesley manor, inc. Is no longer subject to income tax examinations, with certain exceptions, by the u.s. Federal taxing authorities for any tax years prior to the last three tax years.

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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/MissionDesc0WESLEY MANOR, INC. IS A CHURCH RELATED, NON-PROFIT COMMUNITY SERVICE ORGANIZATION DEDICATED AND COMMITTED TO PROVIDING SERVICES FOR OLDER ADULTS AND PERSONS WITH SPECIAL NEEDS BY CREATING AND PRESERVING AN EXCELLENT RESIDENTIAL AND HEALTH CARE COMMUNITY PROMOTING WELLNESS AND ENCOURAGING ACTIVE AND HEALTHY LIFESTYLE CHOICES. WESLEY MANOR, INC. BELIEVES IN AND IS COMMITTED TO HONORING EACH PERSON'S DIGNITY, RIGHTS, SELF-RESPECT AND INDEPENDENCE. WESLEY MANOR, INC. IS COMMITTED TO A PROGRAM OF STEWARDSHIP THAT RECOGNIZES ITS RESPONSIBILITY TO USE ITS RESOURCES WELL.
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IRS990/OtherExpensesGrp/Desc1EQUIPMENT RENTAL & MAINT
IRS990/OtherExpensesGrp/Desc2FOOD
IRS990/OtherExpensesGrp/Desc3MEDICAL SUPPLIES
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0223624
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0161535

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$88.7$77.6$11.1$31.8$29.4$2.39
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$83.5$74.6$8.95$29.8$27.3$2.44
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$76.0$71.5$4.54$26.4$24.9$1.49
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$79.7$75.1$4.52$23.1$22.1$1.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.0$75.0$5.06$23.5$21.7$1.77
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$73.4$73.3$0.13$23.3$22.7$0.57
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$71.7$71.5$0.22$22.1$22.2$0.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$68.5$68.7$0.17$20.9$21.5$0.61
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.8$66.6$0.23$19.9$19.9$0.03
2016Detailed filing. Detailed filing data is available for this year.$57.5$57.7$0.24$18.8$18.3$0.42
2015Detailed filing. Detailed filing data is available for this year.$55.7$56.0$0.33$18.0$19.0$0.98
2014Detailed filing. Detailed filing data is available for this year.$50.3$49.7$0.56$17.5$18.2$0.69
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.4$46.7$0.65$17.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.7$45.1$0.63$15.6
2011Summary only. Only limited summary data is available for this year.$42.5$42.6$0.05$16.3$15.8$0.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.8$33.7$0.94$15.0