Wesley Living
Legal name: Union Avenue Baptist Housing Ministries Inc
Nonprofit profile at a glance
- EIN
- 581360274
- IRS 990 coverage
- 2012–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Cordova, TN, United States
- Phone
- (901) 380-4900
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Affiliation
- Christianity
Reported finances
- Revenue
- $1,325,762
- Expenses
- $1,506,656
- Assets
- $5,603,345
- Liabilities
- $7,439,010
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- JAMES THRELKELD (PRESIDENT)
- MARY FRANCES WILLIAMSON (VICE PRESIDENT)
People named in this filing
- JAMES THRELKELD (PRESIDENT)
- MARY FRANCES WILLIAMSON (VICE PRESIDENT)
- JEREMY WRIGHT (SECRETARY/TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Partner with Golden Cross Senior Ministries to financially support seniors' physical, spiritual and emotional needs. Donate Now. We provide resources to help you and your family with all aspects of aging. View Our Resources Get in Touch. Service Coordinator Quality Assurance Is your Service Coordinator program supporting your residents and in compliance? We can provide that assurance. Learn More. Is your Service Coordinator program supporting your residents and in compliance? Learn More Service Coordinator Program Development.
What it reported doing in 2024
Union avenue baptist housing ministries, inc. Is a not-for-profit corporation formed on april 25, 1977, in accordance with the not-for-profit statutes of the state of Tennessee. The corporation was formed for the purpose of operating an 85-unit community located in memphis, Tennessee known as union avenue baptist towers, which provides housing and related services for very low and extremely low income elderly persons. The project was originally financed under section 202 of the national housing act, as amended. On july 31, 2008, the original mortgage was repaid with proceeds from a loan insured by hud under section 207 pursuant to 223(f) of the national housing act, as amended, and was again refinanced in 2023 with proceeds from a loan insured by hud under section 207 pursuant to 223(f) of the national housing act, as amended.
Operating model
- Revenue model
- Grant-funded. 67% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 92
- Accountability: 94
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 90.9%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -13.6%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 3.72; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 1.33; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 4% per year; rating input score 100; 37th percentile among comparable filings
- Revenue growth: 4.7% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: 13.3% per year; rating input score 100; 68th percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 100% of revenue deployed · 90.9% of spending went to programs
- Governance: 9 of 9 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $1.4M in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Highest-paid contractors: 1 contractor listed · $290K reported
- Consistency: 28 of 28 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 13/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 4/100.