Civic Intelligence

Wesley Developments

990 • Fiscal year 2020 • EIN 95-2810896

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 26, 2021

5380 El Cajon BlvdSan Diego, CA 92115

(619) 876-8913

Siviq Scores

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

Liabilities / Assets

76th percentile

0.58x

Higher debt load relative to assets than 76% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

23rd percentile

0.09x

Higher debt load relative to revenue than 23% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

8th percentile

-39%

Higher net margin than 8% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

1st percentile

-81%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

97th percentile

280%

Faster revenue growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,558,058

Down $6,496,875 (-81%) from 2019

Net Assets

Down

$661,223

Down $3,764,255 (-85%) from 2019

Liabilities

Down

$896,835

Down $2,732,620 (-75%) from 2019

Revenue

Up

$9,563,496

Up $7,045,367 (+280%) from 2019

Expenses

Up

$13,327,751

Up $11,641,840 (+691%) from 2019

Net Income

Down

-$3,764,255

Down $4,596,473 (-552%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $2,981,486Liabilities 2011: $706,703Net Assets 2011: $2,274,7832011Assets 2012: $3,019,160Liabilities 2012: $509,381Net Assets 2012: $2,509,7792012Assets 2013: $6,794,025Liabilities 2013: $4,263,538Net Assets 2013: $2,530,4872013Assets 2014: $6,571,637Liabilities 2014: $3,926,792Net Assets 2014: $2,644,8452014Assets 2015: $6,556,183Liabilities 2015: $3,856,834Net Assets 2015: $2,699,3492015Assets 2016: $6,520,236Liabilities 2016: $3,788,704Net Assets 2016: $2,731,5322016Assets 2017: $6,592,365Liabilities 2017: $3,749,113Net Assets 2017: $2,843,2522017Assets 2018: $7,247,302Liabilities 2018: $3,653,111Net Assets 2018: $3,594,1912018Assets 2019: $8,054,933Liabilities 2019: $3,629,455Net Assets 2019: $4,425,4782019Assets 2020: $1,558,058Liabilities 2020: $896,835Net Assets 2020: $661,2232020Assets 2021: $3,053,890Liabilities 2021: $2,808,445Net Assets 2021: $245,4452021Assets 2022: $519,744Liabilities 2022: $353,457Net Assets 2022: $166,2872022Assets 2023: $279,192Liabilities 2023: $107,855Net Assets 2023: $171,3372023Assets 2024: $383,158Liabilities 2024: $90,194Net Assets 2024: $292,9642024

Highlighted filing

2020

Assets$1,558,058
Liabilities$896,835
Net Assets$661,223

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $1,194,534Expenses 2011: $1,073,430Net Income 2011: $121,1042011Revenue 2012: $1,261,050Expenses 2012: $1,026,054Net Income 2012: $234,9962012Expenses 2013: $1,385,6882013Revenue 2014: $1,421,160Expenses 2014: $1,306,802Net Income 2014: $114,3582014Revenue 2015: $1,455,149Expenses 2015: $1,400,645Net Income 2015: $54,5042015Revenue 2016: $1,489,167Expenses 2016: $1,456,984Net Income 2016: $32,1832016Revenue 2017: $1,670,730Expenses 2017: $1,559,010Net Income 2017: $111,7202017Revenue 2018: $2,410,879Expenses 2018: $1,659,939Net Income 2018: $750,9402018Revenue 2019: $2,518,129Expenses 2019: $1,685,911Net Income 2019: $832,2182019Revenue 2020: $9,563,496Expenses 2020: $13,327,751Net Income 2020: -$3,764,2552020Revenue 2021: $4,443Expenses 2021: $420,221Net Income 2021: -$415,7782021Revenue 2022: $113,994Expenses 2022: $193,152Net Income 2022: -$79,1582022Revenue 2023: $172,824Expenses 2023: $167,774Net Income 2023: $5,0502023Revenue 2024: $147,704Expenses 2024: $26,130Net Income 2024: $121,5742024

Highlighted filing

2020

Revenue$9,563,496
Expenses$13,327,751
Net Income-$3,764,255
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 26, 2021
Return Version
2019v5.0
Gross Receipts
$12,187,012
Mission and Program Overview

Mission

To provide low income housing to the elderly and handicapped

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,463,182$0▼ $2,463,182
Savings and Temporary Cash Investments$5,420,847$661,123▼ $4,759,724
Prepaid Expenses and Deferred Charges$38,652$0▼ $38,652
Accounts Receivable$14,254$0▼ $14,254
Cash and Non-Interest-Bearing Accounts$117,998$100▼ $117,898
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$8,054,933$1,558,058▼ $6,496,875
Other Assets Total-$896,835-
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,461,718--
Other Liabilities-$896,835-
Accounts Payable and Accrued Expenses$167,737--
Total Liabilities$3,629,455$896,835▼ $2,732,620
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,425,478$661,223▼ $3,764,255
Total Net Assets Fund Balance$4,425,478$661,223▼ $3,764,255
Total Liabilities and Net Assets / Fund Balance$8,054,933$1,558,058▼ $6,496,875

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$896,835--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Greg EstepPresident
Dennis ReaganVice President
Daniel LeDirector
David TranDirector
Hieu Minh CastleDirector
Jane HadleyDirector
Joseph HuynhDirector
Murrill MccoyDirector
Antoinette RyderCFO
Rev Dr Cuong NguyenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$171,231
Investment Income
$9,392,265
Other Revenue
$0
Change in Net Assets
$-3,764,255

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,563,496
Total Revenue per Audited Statements
$9,563,496
Total Revenue per Form 990
$9,563,496
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$13,327,751
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$13,327,751--$13,327,751
Total Functional Expenses$13,327,751$0$0$13,327,751

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,327,751
Total Expenses per Audited Statements$13,327,751
Total Expenses per Form 990$13,327,751
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wesley United Methodist ChrucSan Diego, CA-Wellness Program$13,165,352
Wesley Community ServicesSan Diego, CA-Wellness Program$162,399
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Recourse Liabilities From K-1$895,835
Qualified Nonrecourse Liability From K-1$1,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The tax return is distributed to the board for review prior to finalizing. Cpa preparer is available to answer any questions the board has during the review process.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Wesley Developments
EIN
95-2810896
Phone
6198768913
Address
5380 EL CAJON BLVD, SAN DIEGO, CA 92115

Signing Officer

Name
Greg Estep
Title
President
Signed
2021-02-26
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
CA
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Propp Christensen Caniglia Llp
Address
9261 Sierra College Boulevard, Roseville, CA 95661
Preparer
Justin Gierth CPA
Phone
9167512900
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0171231
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0171231
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01815483
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0162600
IRS990/PYInvestmentIncomeAmt079304
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01117275
IRS990/PYProgramServiceRevenueAmt0623342
IRS990/PYRevenuesLessExpensesAmt0832218
IRS990/PYSalariesCompEmpBnftPaidAmt0406036
IRS990/PYTotalExpensesAmt01685911
IRS990/PYTotalRevenueAmt02518129
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-3764255
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt09563496
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05420847
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0661123
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01815483
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01756698
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01031110
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0863944
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05467235
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt079304
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt025681
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05161
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01822
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0111968
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt09820
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04791
IRS990ScheduleA/OtherIncome170Grp/TotalAmt014611
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt05467235
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01815483
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01756698
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01031110
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0863944
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05467235
IRS990ScheduleA/TotalSupportAmt05593814
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt013327751
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0896835
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENT IN WESLEY TERRACE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1895835
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0QUALIFIED NONRECOURSE LIABILITY FROM K-1
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RECOURSE LIABILITIES FROM K-1
IRS990ScheduleD/RevenueSubtotalAmt09563496
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0896835
IRS990ScheduleD/TotalExpensesPerForm990Amt013327751
IRS990ScheduleD/TotalLiabilityAmt0896835
IRS990ScheduleD/TotalRevenuePerForm990Amt09563496
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09563496
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt013327751
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0162399
IRS990ScheduleI/RecipientTable/CashGrantAmt113165352
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0WELLNESS PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1WELLNESS PROGRAM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WESLEY COMMUNITY SERVICES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1WESLEY UNITED METHODIST CHRUC
IRS990ScheduleI/RecipientTable/RecipientEIN0330881062
IRS990ScheduleI/RecipientTable/RecipientEIN1956005019
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05380 EL CAJON BLVD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt15380 EL CAJON BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SAN DIEGO
IRS990ScheduleI/RecipientTable/USAddress/CityNm1SAN DIEGO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd092115
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd192115
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/DirectorOfSuccessor2Ind0false
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc05343 MONROE AVENUE, SAN DIEGO, CA
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0WESLEY TERRACE PARTNERS LP
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02019-09-06
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0834265061
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt012000000
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0PARTNERSHIP
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0FAIR MARKET VALUE
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0PO BOX 33882
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0SAN DIEGO
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0CA
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd092163
IRS990ScheduleN/EmployeeOfSuccessor2Ind0false
IRS990ScheduleN/OwnerOfSuccessor2Ind0false
IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN IS DISTRIBUTED TO THE BOARD FOR REVIEW PRIOR TO FINALIZING. CPA PREPARER IS AVAILABLE TO ANSWER ANY QUESTIONS THE BOARD HAS DURING THE REVIEW PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt08054933
IRS990/TotalAssetsEOYAmt01558058
IRS990/TotalAssetsGrp/BOYAmt08054933
IRS990/TotalAssetsGrp/EOYAmt01558058
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt013327751
IRS990/TotalFunctionalExpensesGrp/TotalAmt013327751
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03629455
IRS990/TotalLiabilitiesEOYAmt0896835
IRS990/TotalLiabilitiesGrp/BOYAmt03629455
IRS990/TotalLiabilitiesGrp/EOYAmt0896835
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04425478
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0661223
IRS990/TotalProgramServiceExpensesAmt013327751
IRS990/TotalProgramServiceRevenueAmt0171231
IRS990/TotalRevenueGrp/ExclusionAmt09392265

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.38$0.09$0.29$0.15$0.03$0.12
2023Detailed filing. Detailed filing data is available for this year.$0.28$0.11$0.17$0.17$0.17$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.52$0.35$0.17$0.11$0.19$0.08
2021Detailed filing. Detailed filing data is available for this year.$3.05$2.81$0.25$0.00$0.42$0.42
2020Detailed filing. Detailed filing data is available for this year.$1.56$0.90$0.66$9.56$13.3$3.76
2019Detailed filing. Detailed filing data is available for this year.$8.05$3.63$4.43$2.52$1.69$0.83
2018Detailed filing. Detailed filing data is available for this year.$7.25$3.65$3.59$2.41$1.66$0.75
2017Detailed filing. Detailed filing data is available for this year.$6.59$3.75$2.84$1.67$1.56$0.11
2016Detailed filing. Detailed filing data is available for this year.$6.52$3.79$2.73$1.49$1.46$0.03
2015Detailed filing. Detailed filing data is available for this year.$6.56$3.86$2.70$1.46$1.40$0.05
2014Detailed filing. Detailed filing data is available for this year.$6.57$3.93$2.64$1.42$1.31$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.79$4.26$2.53$1.39
2012Summary only. Only limited summary data is available for this year.$3.02$0.51$2.51$1.26$1.03$0.23
2011Summary only. Only limited summary data is available for this year.$2.98$0.71$2.27$1.19$1.07$0.12