Wesley Retirement Services
Wesley Retirement Services reported $110.7 million in revenue and $108.7 million in expenses for calendar year 2024. Of every $100 it spent, $91.47 went to program services, $7.75 to management and general costs and $0.78 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 95.4% of the total. The highest compensation it reported for one person was $960,534 (PRESIDENT & CEO). 10 people received more than $100,000 in reportable compensation. Revenue rose 20% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $109MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $111MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.5% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.8% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.8% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.44 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 1.7% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 95.4% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $960,534 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.88% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 10 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.6 | 6.9 |
| Independent voting board members Part VI 1a–1b | 12 of 12 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseOur community benefits from 2024 include: -across the organization, nearly 400 residents who depleted their financial resources through no fault of their own received a total of $4,354,793 in charitable assistance through good samaritan or good shepherd funds to allow them to remain in their apartments or townhomes.wesleyllife wide tota charity care was $6,549,809.-in 2024, in increasing our reach to underserved community members, medicaid days increased by 10% over last year to 72,776 days. -community members participated in various support groups offered at our communities, including groups…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 26.00 hrs/week | $494,209 | $404,353 | $61,972 | $960,534 |
| COO Officer, 26.00 hrs/week | $213,057 | $154,950 | $59,225 | $427,232 |
| CFO Officer, 26.00 hrs/week | $189,235 | $154,829 | $30,002 | $374,066 |
| WESLEY ON GRAND EXECUTIVE DIR Key employee, 40.00 hrs/week | $214,648 | $0 | $39,304 | $253,952 |
| COTTAGES EXECUTIVE DIRECTO Key employee, 40.00 hrs/week | $162,558 | $0 | $36,918 | $199,476 |
| HERITAGE HOUSE EXECUTIVE D Highest compensated employee, 40.00 hrs/week | $151,874 | $0 | $26,239 | $178,113 |
| THE VILLAGE EXECUTIVE DIRE Highest compensated employee, 40.00 hrs/week | $141,990 | $0 | $30,025 | $172,015 |
| Listed person Highest compensated employee, 40.00 hrs/week | $133,865 | $0 | $34,744 | $168,609 |
10 people received more than $100,000 in reportable compensation from Wesley Retirement Services (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.4M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b12 · 12 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 53,189
- Volunteers Part I, line 6500
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| SELECT REHABILITATION Therapy services | $1,849,845 |
| AEGIS THERAPIES INC Therapy services | $1,287,921 |
| WALDINGER CORPORATION Construction cont. | $747,392 |
| POPE ARCHITECTS INC Contractor | $730,037 |
| CLIPBOARD HEALTH Nursing services | $644,986 |
Individuals listed as contractors are left out. 27 contractors were paid more than $100,000 in all.
Private foundation grants it received
4 private foundations reported grants to Wesley Retirement Services totaling $10,217 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Wesley Retirement Services's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Wesley Retirement Services, you can publish a response that is linked from this page.
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Of every $100 Wesley Retirement Services spent in 2024, $91.47 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Wesley Retirement Services's spending goes to programs?
In calendar year 2024, Wesley Retirement Services reported that 91.5% of its $108.7 million in expenses went to program services, 7.8% to management and general and 0.8% to fundraising (Form 990, Part IX).
How much does Wesley Retirement Services pay its top executive?
The largest total compensation Wesley Retirement Services reported for one person in calendar year 2024 was $960,534, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Wesley Retirement Services get its money?
Of $110.7 million in revenue in calendar year 2024, 1.7% came from contributions and grants and 95.4% from program service revenue (Form 990, Part VIII).
Is Wesley Retirement Services a registered charity?
The IRS lists EIN 42-0680440 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533189349313818 · read the filing · XML
- 2023: Form 990 for calendar year 2023 (amended), object 202510879349300021 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313199349329411 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213199349318826 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123199349319287 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023509349300937 · read the filing
All filings for EIN 42-0680440: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.