Overview
What is Wesley Homes Lake County Inc?
Wesley Homes Lake County Inc is a nonprofit organization established in May 1978, adhering to the not-for-profit guidelines of Tennessee. Its primary purpose is to operate Wesley Apartments, a 50-unit community situated in Tiptonville, Tennessee. This community provides housing and related services to individuals who fall under the categories of very low and extremely low income elderly, in accordance with Section 202 of the National Housing Act. The organization's mission is dedicated to enhancing the living conditions and providing essential support for this specific demographic.
Official website here: www.wesleyliving.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Stars
Wesley Homes Lake County Inc has received an 81% rating from Charity Navigator, indicating a solid level of accountability and financial performance. The organization excels in maintaining an independent board and effective oversight processes, achieving full points in various governance-related metrics. This suggests a commitment to transparency and responsible management of resources.
The nonprofit's strong program expense ratio of 81.89% reflects its focus on directing funds towards its mission rather than administrative costs. Additionally, it has implemented several best practices such as having a conflict of interest policy and a whistleblower policy in place, further reinforcing its commitment to ethical governance.
While the organization has performed well in accountability measures, the overall score is based solely on a single beacon score, which could suggest limitations in evaluating other aspects of the organization’s effectiveness or impact. Nevertheless, Wesley Homes Lake County Inc demonstrates a robust financial structure and governance framework that supports its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Wesley Homes Lake County Inc legitimate?
Wesley Homes Lake County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wesley Homes Lake County 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: $51,557
For more financial information, click here
Official website here: www.wesleyliving.com
What is the mission statement of Wesley Homes Lake County Inc?
Wesley Homes Lake County Inc, established as a not-for-profit corporation in 1978, is dedicated to providing housing and related services for individuals with very low and extremely low income, falling under the eldery category. The organization operates in compliance with Section 202 of the National Housing Act, aiming to accommodate elderly persons in its 50-unit community, known as Wesley Apartments, situated in an unspecified location. The mission of Wesley Homes Lake County Inc is to contribute to the well-being of its elderly residents, offering them a secure living environment and essential services.
Official website here: www.wesleyliving.com
Who is the CEO of Wesley Homes Lake County Inc?
Brian Harris is the Non-Voting Ceo of Wesley Homes Lake County Inc. The CEO's salary of Wesley Homes Lake County Inc is $0 and their total compensation is $0.
Official website here: www.wesleyliving.com
What is the revenue of Wesley Homes Lake County Inc?
Wesley Homes Lake County Inc's revenue in 2022 was $554,798.
Official website here: www.wesleyliving.com
Who are the executives of Wesley Homes Lake County Inc and what are their salaries?
There 12 volunteers at Wesley Homes Lake County Inc.
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Official website here: www.wesleyliving.com
Where can I find the form 990 for Wesley Homes Lake County Inc?
Wesley Homes Lake County Inc'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 Lake County Inc
Wesley Homes Lake County Inc, established in 1978, is a not-for-profit corporation with a mission to provide housing and related services to individuals who fall within the categories of very low and extremely low income elderly. This organization operates under Section 202 of the National Housing Act, which allows it to provide housing and aid to these specific demographics. The corporation's primary focus is on Wesley Apartments, a 50-unit community located in an unspecified location, which serves as a sanctuary for elderly individuals, offering them accommodations and necessary assistance.
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Impact
July, 2024
Wesley Homes Lake County Inc provides essential housing and services to very low and extremely low-income elderly individuals in Tiptonville, Tennessee. By operating the Wesley Apartments, this organization offers a stable and supportive living environment for seniors in need. Their impact can be seen in the improved quality of life and the sense of security they provide to vulnerable members of the community. Wesley Homes Lake County Inc plays a crucial role in addressing the housing needs of elderly individuals who may not have access to affordable and suitable accommodations otherwise.
This information is meant to be a general summary of Wesley Homes Lake County 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: $23
- Program Service Revenue: $156,306
- Gross Receipts: $554,798
Assets and Liabilities:
- Total Assets: $623,576
- Total Liabilities: $641,568
- Net Assets: -$17,992
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$156,306
Organization Details
Founding Year
1985
Phone
(901) 380-4900Principal Officer
Brian Harris
Main Address
1615 APPLING ROAD, CORDOVA, TN, 38016
Website
www.wesleyliving.comNTEE Category
Code: L22 - Housing
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