Wesley Homes Inc-Dyersburg

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 581339581 ✦ Cordova, TN ✦ Designated as a 501(c)(3)

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Overview

What is Wesley Homes Inc-Dyersburg?

Wesley Homes Inc-Dyersburg is a not-for-profit corporation established in 1978 in accordance with Tennessee's not-for-profit statutes. Its primary mission is to offer housing and related services to eligible elderly individuals who fall under the categories of very low and extremely low income. The organization operates a 66-unit community in Dyersburg, Tennessee, known as Wesley Homes Dyersburg, which is funded by Section 202 of the National Housing Act. The community aims to provide a safe and supportive living environment for its residents.


Official website here: www.wesleyliving.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81%, Three-Star out of Four Star rating

Wesley Homes Inc-Dyersburg has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and financial health. The charity's overall score is based entirely on its Accountability & Finance metrics, achieving a score of 81%. This score reflects strong practices in governance and transparency, with a robust independent board and comprehensive policies in place.

The organization excels in several key areas, including having a fully independent board, comprehensive financial oversight, and effective governance policies such as whistleblower and conflict of interest policies. Notably, it reported a high program expense ratio of 86.89%, indicating that a significant portion of its resources is dedicated to its mission-related activities.

While the charity demonstrates strong accountability and financial practices, its overall rating is solely based on this one area, suggesting there may be limited data on other performance metrics. Nonetheless, the positive standing in financial management signifies a commitment to maintaining transparency and responsible stewardship of funds.


This AI summary has been generated from information found on Charity Navigator.

Is Wesley Homes Inc-Dyersburg legitimate?

Wesley Homes Inc-Dyersburg is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wesley Homes Inc-Dyersburg 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: $112,601

For more financial information, click here


Official website here: www.wesleyliving.com

What is the mission statement of Wesley Homes Inc-Dyersburg?

Wesley Homes Inc-Dyersburg, as a not-for-profit organization, is dedicated to providing housing and essential services to individuals who fall into the categories of very low and extremely low income elderly persons. Established in accordance with Tennessee's not-for-profit statutes, the organization operates a 66-unit community, known as Wesley Homes Dyersburg, which focuses on offering housing and related services to this specific demographic, in line with Section 202 of the National Housing Act. By providing such services, Wesley Homes Inc-Dyersburg aims to contribute positively to the well-being and living standards of the elderly population in need.


Official website here: www.wesleyliving.com

Who is the CEO of Wesley Homes Inc-Dyersburg?

Brian Harris is the Non-Voting Ceo of Wesley Homes Inc-Dyersburg. The CEO's salary of Wesley Homes Inc-Dyersburg is $0 and their total compensation is $0.


Official website here: www.wesleyliving.com

What is the revenue of Wesley Homes Inc-Dyersburg?

Wesley Homes Inc-Dyersburg's revenue in 2022 was $583,814.


Official website here: www.wesleyliving.com

Who are the executives of Wesley Homes Inc-Dyersburg and what are their salaries?

There 12 volunteers at Wesley Homes Inc-Dyersburg.


Here are 16 key members and their salaries (Wesley Homes Inc-Dyersburg's CEO's salary is $0 and their total compensation is $0):


Dwight Davis (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Cynthia Davis (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eddie Smith (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Holly Mitchener (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Avens (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meredith Bingham (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joyce Feger (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Garst (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phyllis Gay (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Andrew Thompson (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Albonetti (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Harris (Non-Voting Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
James C Nasso (Non-Voting Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Ollio (Non-Voting Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald Budynas (Non-Voting Coo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Lou Cushing (Non-Voting Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.wesleyliving.com

Where can I find the form 990 for Wesley Homes Inc-Dyersburg?

Wesley Homes Inc-Dyersburg's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.wesleyliving.com

Learn more at the official website: www.wesleyliving.com

Mission Statement of Wesley Homes Inc-Dyersburg

Wesley Homes Inc-Dyersburg, established in 1978, is a not-for-profit corporation focused on providing housing and related services to individuals falling under the categories of very low and extremely low income elderly persons. The organization was formed in accordance with the not-for-profit statutes of Tennessee and operates a 66-unit community, known as Wesley Homes Dyersburg, to fulfill its mission. This community, located in Dyersburg, Tennessee, serves as a sanctuary for these elderly individuals, offering them housing that adheres to the provisions of Section 202 of the National Housing Act, as amended. The primary goal of Wesley Homes Inc-Dyersburg is to ensure that these elderly individuals have access to a safe and supportive living environment, where they can maintain their independence and dignity while receiving necessary care and assistance.

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Impact




July, 2024

Wesley Homes Inc-Dyersburg has a significant impact on the community by providing housing and services to very low and extremely low-income elderly persons. By operating a 66-unit community in Dyersburg, Tennessee, Wesley Homes Inc-Dyersburg plays a crucial role in meeting the housing needs of this vulnerable population. Their dedication to serving the elderly aligns with their mission to offer affordable housing and related services in accordance with the National Housing Act. Wesley Homes Inc-Dyersburg's work contributes to enhancing the quality of life for those in need in the community.




This information is meant to be a general summary of Wesley Homes Inc-Dyersburg. 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.

Revenue
$583,814 (2022)
Expenses
$646,727 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $52
  • Program Service Revenue: $255,530
  • Gross Receipts: $583,814

Assets and Liabilities:

  • Total Assets: $855,982
  • Total Liabilities: $1,796,096
  • Net Assets: -$940,114

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$255,530

Organization Details

Founding Year

1981

Principal Officer

Brian Harris

Main Address

1615 APPLING ROAD, CORDOVA, TN, 38016

NTEE Category

Code: L22 - Housing

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