Civic Intelligence

St Matthew Manor-West Inc

EIN 63-1589625 • 501(c)3 • Cordova, TN

Profile

Housing for low-income elderly

1615 Appling RoadCordova, TN 38016

www.wesleyliving.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.86x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

4.95x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

41st percentile

0.2%

Higher net margin than 41% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

43rd percentile

0.6%

Faster asset growth than 43% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

47th percentile

5.1%

Faster revenue growth than 47% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$733,068

Up $4,071 (+0.6%) from 2023

Liabilities

Up

$1,366,592

Up $3,569 (+0.3%) from 2023

Net Assets

Up

-$633,524

Up $502 (+0.1%) from 2023

Revenue

Up

$275,870

Up $13,334 (+5.1%) from 2023

Expenses

Up

$275,368

Up $6,165 (+2.3%) from 2023

Net Income

Up

$502

Up $7,169 (+108%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.0M$0-$1.0MAssets 2010: $982,020Liabilities 2010: $1,363,405Net Assets 2010: -$381,3852010Assets 2011: $946,110Liabilities 2011: $1,355,810Net Assets 2011: -$409,7002011Assets 2012: $914,773Liabilities 2012: $1,349,136Net Assets 2012: -$434,3632012Assets 2013: $900,305Liabilities 2013: $1,358,174Net Assets 2013: -$457,8692013Assets 2014: $860,177Liabilities 2014: $1,355,350Net Assets 2014: -$495,1732014Assets 2015: $842,917Liabilities 2015: $1,355,964Net Assets 2015: -$513,0472015Assets 2016: $824,867Liabilities 2016: $1,356,860Net Assets 2016: -$531,9932016Assets 2017: $798,662Liabilities 2017: $1,370,028Net Assets 2017: -$571,3662017Assets 2018: $776,972Liabilities 2018: $1,383,881Net Assets 2018: -$606,9092018Assets 2019: $748,182Liabilities 2019: $1,370,323Net Assets 2019: -$622,1412019Assets 2020: $737,370Liabilities 2020: $1,381,059Net Assets 2020: -$643,6892020Assets 2021: $772,771Liabilities 2021: $1,385,464Net Assets 2021: -$612,6932021Assets 2022: $745,251Liabilities 2022: $1,372,610Net Assets 2022: -$627,3592022Assets 2023: $728,997Liabilities 2023: $1,363,023Net Assets 2023: -$634,0262023Assets 2024: $733,068Liabilities 2024: $1,366,592Net Assets 2024: -$633,5242024

Highlighted filing

2024

Assets$733,068
Liabilities$1,366,592
Net Assets-$633,524

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KExpenses 2010: $168,7982010Expenses 2011: $160,7912011Expenses 2012: $151,5122012Revenue 2013: $127,685Expenses 2013: $151,191Net Income 2013: -$23,5062013Revenue 2014: $161,083Expenses 2014: $198,387Net Income 2014: -$37,3042014Revenue 2015: $172,283Expenses 2015: $190,157Net Income 2015: -$17,8742015Revenue 2016: $175,548Expenses 2016: $194,494Net Income 2016: -$18,9462016Revenue 2017: $165,914Expenses 2017: $205,287Net Income 2017: -$39,3732017Revenue 2018: $174,207Expenses 2018: $209,750Net Income 2018: -$35,5432018Revenue 2019: $182,332Expenses 2019: $197,564Net Income 2019: -$15,2322019Revenue 2020: $194,003Expenses 2020: $215,551Net Income 2020: -$21,5482020Revenue 2021: $268,768Expenses 2021: $237,772Net Income 2021: $30,9962021Revenue 2022: $234,403Expenses 2022: $249,069Net Income 2022: -$14,6662022Revenue 2023: $262,536Expenses 2023: $269,203Net Income 2023: -$6,6672023Revenue 2024: $275,870Expenses 2024: $275,368Net Income 2024: $5022024

Highlighted filing

2024

Revenue$275,870
Expenses$275,368
Net Income$502

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.73$1.37$0.63$0.28$0.28$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.73$1.36$0.63$0.26$0.27$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$1.37$0.63$0.23$0.25$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.77$1.39$0.61$0.27$0.24$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.74$1.38$0.64$0.19$0.22$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.75$1.37$0.62$0.18$0.20$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.78$1.38$0.61$0.17$0.21$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.80$1.37$0.57$0.17$0.21$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.82$1.36$0.53$0.18$0.19$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.84$1.36$0.51$0.17$0.19$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.86$1.36$0.50$0.16$0.20$0.04
2013Summary only. Only limited summary data is available for this year.$0.90$1.36$0.46$0.13$0.15$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$1.35$0.43$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$1.36$0.41$0.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$1.36$0.38$0.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 11, 2025
Return Version
2023v6.0
Gross Receipts
$275,870
Mission and Program Overview

Mission

Housing for low-income elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$537,740$492,553▼ $45,187
Investments Program Related-$167,390-
Cash and Non-Interest-Bearing Accounts$21,783$59,967▲ $38,184
Accounts Receivable$4,629$1,111▼ $3,518
Prepaid Expenses and Deferred Charges-$1,111-
Total Assets$728,997$733,068▲ $4,071
Other Assets Total$164,845$10,936▼ $153,909
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,336,485$1,336,485→ $0
Accounts Payable and Accrued Expenses$17,581$20,663▲ $3,082
Other Liabilities$8,957$8,624▼ $333
Deferred Revenue-$820-
Total Liabilities$1,363,023$1,366,592▲ $3,569
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-634,026$-633,524▲ $502
Total Net Assets Fund Balance$-634,026$-633,524▲ $502
Total Liabilities and Net Assets / Fund Balance$728,997$733,068▲ $4,071

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$465,741$929,483$1,395,224
Leasehold Improvements$0$32,765$32,765
Land$26,606-$26,606
Equipment$206$10,808$11,014
Investment Program Related Org$167,390--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Amanda L WardChairperson
Jennifer NorrisVice Chairperson
Carol AvensBoard Member
Dwight DavisBoard Member
Holly MitchenerBoard Member
Meredith BinghamBoard Member
Phyllis GayBoard Member
Brian HarrisNon-voting CEO
Donald OllioNon-voting CFO
Ronald BudynasNon-voting COO
Mary Lou CushingSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$155,383
Program Service Revenue
$120,453
Investment Income
$34
Other Revenue
$0
Change in Net Assets
$502

Audited Revenue Reconciliation

Revenue per Audited Statements
$275,870
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$275,870
Total Revenue per Form 990
$275,870
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$213,506
Salaries, Compensation, and Employee Benefits$61,862
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$98,582--$98,582
Other Salaries and Wages$47,218--$47,218
Depreciation Depletion$45,184--$45,184
Fees for Services Management-$30,471-$30,471
Office Expenses-$12,105-$12,105
Other Employee Benefits$11,433--$11,433
Fees for Services Accounting-$9,672-$9,672
Information Technology-$7,544-$7,544
Fees for Services Other$3,064--$3,064
Other Expenses$2,592--$2,592
Payroll Taxes$2,525--$2,525
Conferences and Meetings-$906-$906
Pension Plan Contributions$686--$686
Travel-$165-$165
Advertising-$98-$98
Total Functional Expenses$214,407$60,961$0$275,368

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$275,368
Total Expenses per Audited Statements$275,368
Total Expenses per Form 990$275,368
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$8,624
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 35% controlled entity
No
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

St. Matthew manor - west, 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 st. Matthew manor - west, 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 11B

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

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

Review 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

Information is available through www.guidestar.org or upon request.

FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B:

Hours worked for related organizations: 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
St Matthew Manor-west Inc
EIN
63-1589625
Phone
9013804900
Address
1615 APPLING ROAD, CORDOVA, TN 38016

Signing Officer

Name
Don Ollio
Title
CFO
Phone
9013804900
Signed
2025-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald D Ollio Jr
Formed
1997
Legal Domicile
Tn
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Robert J Doyle Jr
Phone
3178485700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Oversight of auditing function: 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 720 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.

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IRS990/PrincipalOfficerNm0DONALD D OLLIO JR
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01176042
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0REPLACEMENT RESERVE
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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
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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:
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IRS990ScheduleD/TotalBookValueProgramRltdAmt0167390
IRS990ScheduleD/TotalExpensesPerForm990Amt0275368
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ST. MATTHEW MANOR - WEST, 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 ST. MATTHEW MANOR - WEST, 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 AN OFFICER OF THE ORGANIZATION PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEW 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/ExplanationTxt4INFORMATION IS AVAILABLE THROUGH WWW.GUIDESTAR.ORG OR UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5HOURS WORKED FOR RELATED ORGANIZATIONS: 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OVERSIGHT OF AUDITING FUNCTION: AN 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/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40

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