United Methodist Senior Services of Desoto County Inc

What it reported doing in 2024

Wesley meadows retirement community, located in hernando, Mississippi, is a picturesque facility that sits in the middle of a sprawling meadow, on 40 scenic acres, with woods behind and a small pond to the side. The 101 unit community provides apartment style living for both independt and assisted living residents. Residents furnish their own apartments creating a home that is uniquely theirs. Independent living offers privacy and security so residents can thrive with the knowledge that they can maintain their independence in a safe environment at an affordable monthly rate with no up-front fee. With numerous activities to choose from and the daily cares of home maintenance eliminated, residents are free to enjoy their retirement the way it was meant to be. Assisted living bridges the gap between independent living and skilled nursing care. As elders reach the stage of life when they need additional help with the activities of daily living, wesley meadows assisted living is ready to provide individualized service so that residents maintain their dignity and as much independence as possible. In addition to traditional apartment living, wesley meadows has a newly constructed green house consisting of 10 assisted living units with a memory care focus. Each unit is a privatebedroom with private bathrooms that all surround a spacious common living area. The green house concept was created to promote elder engagement and socialization. Wesley meadows is staffed with knowledgeable, hardworking personnel whose goal is to provide safe, caring, christian retirement environment for the residents. The pastoral care programs and regularly scheduled activities engage residents and encourage life-long learning and friendships.

Financial Efficiency

• Mission deployment rate: 66.5%; rating input score 66
• Program expense ratio: 72.1%; rating input score 72
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 83.3%; rating input score 83; 16th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Fail
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 7.7%; rating input score 58; 58th percentile among comparable filings
• Total-asset coverage ratio: 1.18; rating input score 43; 43rd percentile among comparable filings
• Liabilities to assets ratio: 0.06; rating input score 67; 67th percentile among comparable filings
• Officer compensation ratio: 5.7%; rating input score 49; 49th percentile among comparable filings

Growth

• Program expense growth: 7.5% per year; rating input score 100; 53rd percentile among comparable filings
• Revenue growth: 6.1% per year; rating input score 100; 49th percentile among comparable filings
• Asset growth: 5.4% per year; rating input score 100; 37th percentile among comparable filings