Civic Intelligence

Wesley Homes Pierce County

990 • Fiscal year 2020 • EIN 82-3901394

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 20, 2021

815 South 216th StreetDes Moines, WA 98198

(206) 870-1260

Siviq Scores

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

Liabilities / Assets

88th percentile

0.89x

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

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

100th percentile

1652.66x

Higher debt load relative to revenue than 100% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

1st percentile

-841%

Higher net margin than 1% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

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

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

99th percentile

246%

Faster asset growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Assets

Up

$93,602,125

Up $66,568,636 (+246%) from 2019

Net Assets

Down

$9,879,943

Down $425,943 (-4.1%) from 2019

Liabilities

Up

$83,722,182

Up $66,994,579 (+401%) from 2019

Revenue

Down

$50,659

Down $10,387,621 (-100%) from 2019

Expenses

Up

$476,602

Up $347,307 (+269%) from 2019

Net Income

Down

-$425,943

Down $10,734,928 (-104%) from 2019

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0-$50MAssets 2018: $104,926Liabilities 2018: $104,926Net Assets 2018: $02018Assets 2019: $27,033,489Liabilities 2019: $16,727,603Net Assets 2019: $10,305,8862019Assets 2020: $93,602,125Liabilities 2020: $83,722,182Net Assets 2020: $9,879,9432020Assets 2021: $105,823,745Liabilities 2021: $102,471,606Net Assets 2021: $3,352,1392021Assets 2022: $100,064,382Liabilities 2022: $99,586,821Net Assets 2022: $477,5612022Assets 2023: $96,433,405Liabilities 2023: $100,599,005Net Assets 2023: -$4,165,6002023Assets 2024: $96,029,754Liabilities 2024: $101,908,024Net Assets 2024: -$5,878,2702024

Highlighted filing

2020

Assets$93,602,125
Liabilities$83,722,182
Net Assets$9,879,943

Operations Trend

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

$20M$10M$0-$10MRevenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $10,438,280Expenses 2019: $129,295Net Income 2019: $10,308,9852019Revenue 2020: $50,659Expenses 2020: $476,602Net Income 2020: -$425,9432020Revenue 2021: $1,685,200Expenses 2021: $8,213,004Net Income 2021: -$6,527,8042021Revenue 2022: $10,419,177Expenses 2022: $13,293,755Net Income 2022: -$2,874,5782022Revenue 2023: $9,866,766Expenses 2023: $14,509,927Net Income 2023: -$4,643,1612023Revenue 2024: $14,111,142Expenses 2024: $15,823,812Net Income 2024: -$1,712,6702024

Highlighted filing

2020

Revenue$50,659
Expenses$476,602
Net Income-$425,943
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 20, 2021
Return Version
2020v4.1
Gross Receipts
$50,659
Mission and Program Overview

Mission

To plan, develop and operate a senior housing campus in pierce county, washington, that will provide rental housing and related services to seniors.

To provide rental housing and related services to seniors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,561,997$73,005,946▲ $57,443,949
Cash and Non-Interest-Bearing Accounts$11,676$568,268▲ $556,592
Total Assets$27,033,489$93,602,125▲ $66,568,636
Other Assets Total$11,459,816$20,027,911▲ $8,568,095
Liabilities
Tax Exempt Bond Liabilities$15,720,357$77,305,226▲ $61,584,869
Accounts Payable and Accrued Expenses$887,768$5,158,333▲ $4,270,565
Escrow Account Liability$119,478$1,258,623▲ $1,139,145
Total Liabilities$16,727,603$83,722,182▲ $66,994,579
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,305,886$9,879,943▼ $425,943
Total Net Assets Fund Balance$10,305,886$9,879,943▼ $425,943
Total Liabilities and Net Assets / Fund Balance$27,033,489$93,602,125▲ $66,568,636

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$57,065,292-$57,065,292
Buildings$15,940,654$65,242$16,005,896
Other Assets Org$18,816,868--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ed RogelChair
Kevin AndersonPresident
Daniel LindhVice President
Mark MeyerTreasurer
Jim YamamotoVP of Finance

Highest Paid Contractors

ContractorServicesLocationCompensation
Ryan Companies US INCConstruction110 110TH AVENUE NE SUITE 100, Bellevue, WA 98004$30,285,658
Cunningham Group ArchitectureArchitectural Services201 MAIN STREET SE STE 325, Minneapolis, MN 55414$474,289
Senior Housing PartnersConsulting Services3116 FAIRVIEW AVENUE N, Roseville, MN 55113$283,271
Hamlin Capital Advisors LLCConsulting Services5550 W EXECUTIVE DR STE 235, Tampa, FL 33609$272,128
Pershing LLCConsulting ServicesONE PERSHING PLAZA, Jersey City, NJ 07399$170,314
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$18,117
Investment Income
$32,542
Other Revenue
$0
Change in Net Assets
$-425,943
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$340,070
Salaries, Compensation, and Employee Benefits$136,532
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$148,587$11,871-$160,458
Other Salaries and Wages$114,586$9,155-$123,741
Depreciation Depletion$60,415$4,827-$65,242
Interest$45,599$3,643-$49,242
Occupancy$36,539$2,919-$39,458
Office Expenses$10,750$859-$11,609
Payroll Taxes$9,487$758-$10,245
Other Expenses$6,005$481-$6,486
Fees for Services Other$4,416$353-$4,769
Other Employee Benefits$2,358$188-$2,546
Fees for Services Legal-$1,922-$1,922
Travel$656$52-$708
Insurance$163$13-$176
Total Functional Expenses$439,561$37,041$0$476,602
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
AWashington State Housing Finance Commission2019-07-25$98,700,000FACILITY CONSTRUCTION

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$98,700,000--$1,727,943

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Wesley homes provides management services for wesley homes pierce county. Wesley homes provides financial accounting, operational oversight, human resources, information technology, corporate compliance, coordinated advertising and marketing, and new business development. Kevin anderson and jim yamamoto are the president/ceo and vice president of finance, respectively, of wesley homes. Their 2020 compensation from wesley homes, including nontaxable benefits are as follows: kevin anderson - $384,573 jim yamamoto - $214,524 a portion of those compensation amounts are for services provided to wesley homes pierce county.

Form 990, Part VI, Section A, Line 6

Wesley homes pierce county has two members, each with an equal 50% membership interest: wesley homes, a washington nonprofit corporation, and presbyterian homes and services, a minnesota nonprofit corporation. Both members are 501(c)(3) organizations.

Form 990, Part VI, Section A, Line 7A

Each member has the power to appoint or replace two members of the board of directors.

Form 990, Part VI, Section A, Line 7B

Wesley homes, one of the members, has the right to appoint the chair of the board of directors. The president/ceo of wesley home also serves as the president of wesley homes pierce county. The cfo of presbyterian homes and services, the other member, serves as the treasurer of wesley homes pierce county. Amendments to the articles of incorporation or bylaws require approval of the members.

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

Management reviewed in detail the form 990. A copy of the 990 was presented to the board prior to filing.

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

Wesley homes pierce county has a conflict of interest policy that applies to all officers, board members, and members of committees with board-designated powers. If an individual has a potential conflict of interest related to a transaction, they disclose its existence and are given the opportunity to disclose all material facts to the board or committee contemplating a transaction. After such disclosure, the individual leaves the meeting while the remaining board or committee members determine whether a conflict exists and vote on whether to enter such transaction. The board or committee chair may designate a disinterested person to evaluate alternatives that do not involve a conflict of interest. If the board or a committee has reason to believe an individual has violated the conflict of interest policy, the individual is given the opportunity to respond, after which the board or committee determines whether a violation has occurred and takes appropriate disciplinary and corrective action.

Form 990, Part VI, Section C, Line 19

Wesley homes pierce county's governing documents, conflict of interest policy and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Wesley Homes Pierce County
EIN
82-3901394
Phone
2068701260
Address
815 SOUTH 216TH STREET, DES MOINES, WA 98198

Signing Officer

Name
Jim Yamamoto
Title
Vice President of Finance
Phone
2068701260
Signed
2021-09-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Anderson
Formed
2018
Legal Domicile
Wa
Voting Board Members
4
Independent Board Members
3
Employees
3
Volunteers
3

Preparer

Firm
Cliftonlarsonallen Llp
Address
10700 NORTHUP WAY SUITE 200, BELLEVUE, WA 98004
Preparer
Kurt Bennion CPA
Phone
4252506100
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

The organization holds refundable advance deposits for potential residents once the facility construction is completed. If a person decides they do not wish to move into the facility before a contract is signed, their deposit less $5,000 is refunded.

Raw XML AppendixShowing 400 of 450 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/PrincipalOfficerNm0KEVIN ANDERSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623990
IRS990/ProgramServiceRevenueGrp/Desc0RESIDENT REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt018117
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018117
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt010410000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt028280
IRS990/PYOtherExpensesAmt084533
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt010308985
IRS990/PYSalariesCompEmpBnftPaidAmt044762
IRS990/PYTotalExpensesAmt0129295
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010438280
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-425943
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt018117
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt010410000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt010410000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt032542
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt028280
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt060822
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt018117
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt018117
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt032542
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt028280
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt060822
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt010428117
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt018117
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt010410000
IRS990ScheduleA/Total509Grp/TotalAmt010428117
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt050659
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt010438280
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt010488939
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt015940654
IRS990ScheduleD/BuildingsGrp/DepreciationAmt065242
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt016005896
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01211043
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt118816868
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESIDENCY FEE DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ASSETS RESTRICTED AS TO USE - BOND FUNDS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt057065292
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt057065292
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS REFUNDABLE ADVANCE DEPOSITS FOR POTENTIAL RESIDENTS ONCE THE FACILITY CONSTRUCTION IS COMPLETED. IF A PERSON DECIDES THEY DO NOT WISH TO MOVE INTO THE FACILITY BEFORE A CONTRACT IS SIGNED, THEIR DEPOSIT LESS $5,000 IS REFUNDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt073005946
IRS990ScheduleD/TotalBookValueOtherAssetsAmt020027911
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02019-07-25
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0911874730
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0939783YK6
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt098700000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0WASHINGTON STATE HOUSING FINANCE COMMISSION
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0FACILITY CONSTRUCTION
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt061628573
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt04368085
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt01727943
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt098700000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt012137201
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WESLEY HOMES PROVIDES MANAGEMENT SERVICES FOR WESLEY HOMES PIERCE COUNTY. WESLEY HOMES PROVIDES FINANCIAL ACCOUNTING, OPERATIONAL OVERSIGHT, HUMAN RESOURCES, INFORMATION TECHNOLOGY, CORPORATE COMPLIANCE, COORDINATED ADVERTISING AND MARKETING, AND NEW BUSINESS DEVELOPMENT. KEVIN ANDERSON AND JIM YAMAMOTO ARE THE PRESIDENT/CEO AND VICE PRESIDENT OF FINANCE, RESPECTIVELY, OF WESLEY HOMES. THEIR 2020 COMPENSATION FROM WESLEY HOMES, INCLUDING NONTAXABLE BENEFITS ARE AS FOLLOWS: KEVIN ANDERSON - $384,573 JIM YAMAMOTO - $214,524 A PORTION OF THOSE COMPENSATION AMOUNTS ARE FOR SERVICES PROVIDED TO WESLEY HOMES PIERCE COUNTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WESLEY HOMES PIERCE COUNTY HAS TWO MEMBERS, EACH WITH AN EQUAL 50% MEMBERSHIP INTEREST: WESLEY HOMES, A WASHINGTON NONPROFIT CORPORATION, AND PRESBYTERIAN HOMES AND SERVICES, A MINNESOTA NONPROFIT CORPORATION. BOTH MEMBERS ARE 501(C)(3) ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH MEMBER HAS THE POWER TO APPOINT OR REPLACE TWO MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WESLEY HOMES, ONE OF THE MEMBERS, HAS THE RIGHT TO APPOINT THE CHAIR OF THE BOARD OF DIRECTORS. THE PRESIDENT/CEO OF WESLEY HOME ALSO SERVES AS THE PRESIDENT OF WESLEY HOMES PIERCE COUNTY. THE CFO OF PRESBYTERIAN HOMES AND SERVICES, THE OTHER MEMBER, SERVES AS THE TREASURER OF WESLEY HOMES PIERCE COUNTY. AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS REQUIRE APPROVAL OF THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MANAGEMENT REVIEWED IN DETAIL THE FORM 990. A COPY OF THE 990 WAS PRESENTED TO THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WESLEY HOMES PIERCE COUNTY HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO ALL OFFICERS, BOARD MEMBERS, AND MEMBERS OF COMMITTEES WITH BOARD-DESIGNATED POWERS. IF AN INDIVIDUAL HAS A POTENTIAL CONFLICT OF INTEREST RELATED TO A TRANSACTION, THEY DISCLOSE ITS EXISTENCE AND ARE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OR COMMITTEE CONTEMPLATING A TRANSACTION. AFTER SUCH DISCLOSURE, THE INDIVIDUAL LEAVES THE MEETING WHILE THE REMAINING BOARD OR COMMITTEE MEMBERS DETERMINE WHETHER A CONFLICT EXISTS AND VOTE ON WHETHER TO ENTER SUCH TRANSACTION. THE BOARD OR COMMITTEE CHAIR MAY DESIGNATE A DISINTERESTED PERSON TO EVALUATE ALTERNATIVES THAT DO NOT INVOLVE A CONFLICT OF INTEREST. IF THE BOARD OR A COMMITTEE HAS REASON TO BELIEVE AN INDIVIDUAL HAS VIOLATED THE CONFLICT OF INTEREST POLICY, THE INDIVIDUAL IS GIVEN THE OPPORTUNITY TO RESPOND, AFTER WHICH THE BOARD OR COMMITTEE DETERMINES WHETHER A VIOLATION HAS OCCURRED AND TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6WESLEY HOMES PIERCE COUNTY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt015720357
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt077305226
IRS990/TaxExemptBondsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt027033489
IRS990/TotalAssetsEOYAmt093602125
IRS990/TotalAssetsGrp/BOYAmt027033489
IRS990/TotalAssetsGrp/EOYAmt093602125
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037041
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0439561
IRS990/TotalFunctionalExpensesGrp/TotalAmt0476602
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016727603
IRS990/TotalLiabilitiesEOYAmt083722182
IRS990/TotalLiabilitiesGrp/BOYAmt016727603
IRS990/TotalLiabilitiesGrp/EOYAmt083722182
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010305886
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09879943
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0439561
IRS990/TotalProgramServiceRevenueAmt018117
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt032542
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt050659
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt027033489

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