Wesley at Murray Inc
Nonprofit profile at a glance
- EIN
- 311779474
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Cordova, TN, USA
- Phone
- 9013804900
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $318,966
- Expenses
- $293,554
- Assets
- $1,324,339
- Liabilities
- $1,737,019
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- BRIAN HARRIS (NON-VOTING CEO)
People named in this filing
- AMANDA L WARD (CHAIRPERSON)
- CAROL AVENS (MEMBER)
- DWIGHT DAVIS (MEMBER)
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
Wesley at murray, inc. Is a not-for-profit general welfare corporation formed in february 2001, in accordance with the not-for-profit statutes of the commonwealth of Kentucky. The corporation was formed for the purpose of operating a 27-unit community located in murray, Kentucky known as wesley at murray, which provides housing and related services for very low income elderly persons pursuant to section 202 of the national housing act, as amended.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 92
- Accountability: 94
- Sustainability: 57
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.4%; rating input score 71
- Program expense ratio: 77.5%; rating input score 78
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 8%; rating input score 56; 56th percentile among comparable filings
- Total-asset coverage ratio: 4.51; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 1.31; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 1.9% per year; rating input score 100; 39th percentile among comparable filings
- Revenue growth: 4.4% per year; rating input score 100; 49th percentile among comparable filings
- Asset growth: -1.8% per year; rating input score 0; 18th percentile among comparable filings
Details
- Where the money goes: 71.4% of revenue deployed · 77.5% of spending went to programs
- Governance: 8 of 8 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $228K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 20 filed related-organization links
- 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.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Review — Sustainability: Operating margin scored 56/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.