Overview
What is Wesley Homes Inc?
Wesley Homes Inc, a nonprofit organization based in Atlanta, Georgia, operates five retirement communities dedicated to serving older adults with varying income levels, including moderate, low, very low, and extremely low-income individuals. Their range of services includes building and apartment maintenance, grounds maintenance, 24-hour staffing, wellness programs, life enrichment activities, service coordination, and some communities even offer licensed personal care services and dining. Wesley Homes had 59 rental units available during fiscal year 2022, with an average occupancy rate of 93.38%. Their mission focuses on creating communities that foster connection, well-being, and promise. With a workforce of 101 employees, Wesley Homes aims to provide essential services to enhance the quality of life for older adults.
Official website here: www.wesleywoods.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Wesley Homes Inc has received a strong rating of 88%, indicating solid performance in accountability and finance. The organization boasts a majority of independent board members and has demonstrated thorough financial oversight, with no material diversion of assets reported. These factors contribute positively to its overall score, reflecting a commitment to transparency and governance.
In terms of financial health, the charity maintains a good program expense ratio of 76.39%, signaling that a significant portion of its resources is dedicated to its core mission. The organization has well-established policies in place, including conflict of interest and whistleblower protections, further enhancing its operational integrity.
However, the organization's liabilities to assets ratio of 60.33% suggests some financial leverage, which may warrant attention. While its strengths in governance and program spending are commendable, stakeholders should consider this ratio when evaluating long-term financial stability. Overall, Wesley Homes Inc demonstrates a credible commitment to its mission while maintaining accountability to its supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Wesley Homes Inc legitimate?
Wesley Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wesley Homes Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,534,320
For more financial information, click here
Official website here: www.wesleywoods.org
What is the mission statement of Wesley Homes Inc?
Wesley Homes Inc is dedicated to establishing communities that foster connection, well-being, and promise for older adults. Through their mission, they provide essential services such as building and apartment maintenance, grounds maintenance, 24-hour staffing, wellness programs, and life enrichment activities. Some of their communities offer personal care services and dining options. In fiscal year 2022, they had a total of 59 rental units, with an average occupancy rate of 93.38%. By providing these services, Wesley Homes Inc aims to enhance the living experience of older adults and create a sense of community and promise for their residents.
Official website here: www.wesleywoods.org
Who is the CEO of Wesley Homes Inc?
Terry Barcroft is the President & Ceo of Wesley Homes Inc. The CEO's salary of Wesley Homes Inc is $0 and their total compensation is $292,115.
Official website here: www.wesleywoods.org
What is the revenue of Wesley Homes Inc?
Wesley Homes Inc's revenue in 2022 was $14,562,426.
Official website here: www.wesleywoods.org
Who are the executives of Wesley Homes Inc and what are their salaries?
The average compensation at Wesley Homes Inc during 2022 was $34,993. There are 101 employees and 1423 volunteers at Wesley Homes Inc.
Here are 7 key members and their salaries (Wesley Homes Inc's CEO's salary is $0 and their total compensation is $292,115):
- Compensation: $0
- Related: $269,880
- Other: $22,235
- Compensation: $0
- Related: $194,283
- Other: $18,358
- Compensation: $0
- Related: $129,116
- Other: $7,110
- Compensation: $0
- Related: $9,530
- Other: $353
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.wesleywoods.org
Where can I find the form 990 for Wesley Homes Inc?
Wesley Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wesleywoods.org
Learn more at the official website: www.wesleywoods.org
Mission Statement of Wesley Homes Inc
Wesley Homes Inc, a mission-driven organization, strives to create communities where older adults can connect, thrive, and find promise. This nonprofit entity operates five retirement apartment communities, catering to adults with moderate, low, very low, and extremely low incomes. The services provided encompass building and apartment maintenance, grounds maintenance, round-the-clock staffing, wellness programs, life enrichment activities, and service coordination. Some of the communities even offer personal care services and dining options. For fiscal year 2022, Wesley Homes had a total of 59 rental units available, with an impressive average occupancy rate of 93.38%. This organization is dedicated to ensuring a high standard of living for its residents while fostering a sense of belonging and community.
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Impact
October, 2024
Wesley Homes Inc significantly impacts the lives of older adults in Atlanta, Georgia, by creating supportive communities designed to foster connection, well-being, and promise. By operating five retirement apartment communities, it provides a vital resource for moderate to extremely low-income seniors, ensuring they have access to safe and maintainable living environments.
The services offered by Wesley Homes are comprehensive and cater to the diverse needs of its residents. These include building and grounds maintenance, 24-hour staffing, wellness programs, and life enrichment activities that promote a holistic approach to aging. Additionally, some communities provide licensed personal care services and dining options, further enhancing the quality of life for residents.
With an impressive average occupancy rate of 93.38% during fiscal year 2022, Wesley Homes demonstrates a strong demand for its housing solutions. The organization not only addresses housing needs but also plays a crucial role in promoting social connections and wellness among seniors, ultimately contributing to a better quality of life and community engagement for its residents.
This information is meant to be a general summary of Wesley Homes Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,589
- Program Service Revenue: $12,868,137
- Gross Receipts: $14,562,426
Assets and Liabilities:
- Total Assets: $20,193,659
- Total Liabilities: $12,106,558
- Net Assets: $8,087,101
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTAL AND SERVICES
Revenue
$12,868,137
Organization Details
Founding Year
1962
Phone
(404) 728-6299Principal Officer
Terry Barcroft
Main Address
1817 CLIFTON ROAD NE, ATLANTA, GA, 303294021
Website
www.wesleywoods.orgNTEE Category
Code: L220 - Housing
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