Wesley Homes Inc
Nonprofit profile at a glance
- EIN
- 580909393
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Atlanta, GA, USA
- Phone
- 4047286299
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $17,382,324
- Expenses
- $16,432,659
- Assets
- $20,883,508
- Liabilities
- $12,162,402
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Terry Barcroft (President & CEO)
- Diane Vaughan (Director, President of Foundation)
Highest reported compensation
- Terry Barcroft (President & CEO): $348,845 total reported compensation
- Lauri Ann Brooks (Director, VPO): $244,596 total reported compensation
- Diane Vaughan (Director, President of Foundation): $233,712 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to create communities of connection, well-being and promise.
What it reported doing in 2024
Wesley homes, inc operates five retirement apartment communities serving moderate, low, very low, and extremely low-income older adults. Services include building and apartment maintenance, grounds maintenance, 24-hour staffing, wellness, and life enrichment programs and service coordination. Some communities offer licensed personal care services and dining. Wesley homes had a total of 888 rental units available with an average occupancy rate of 92.97% for fiscal year 2025.
Operating model
- Revenue model
- Other-operating. 88% of the money available for current operations came from other operating revenue.
- 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 69
- Accountability: 56
- Sustainability: 52
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77%; rating input score 77
- Program expense ratio: 81.4%; rating input score 81
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 40%; rating input score 40; 7th 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: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 5.5%; rating input score 55; 55th percentile among comparable filings
- Total-asset coverage ratio: 1.27; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0.58; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 0.6%; rating input score 89; 89th percentile among comparable filings
Growth
- Program expense growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings
- Revenue growth: 2.5% per year; rating input score 100; 21st percentile among comparable filings
- Asset growth: 2.2% per year; rating input score 100; 19th percentile among comparable filings
Details
- Where the money goes: 77% of revenue deployed · 81.4% of spending went to programs
- Governance: 2 of 5 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $13.4M in reported program spending
- Leadership: top reported pay $349K · 6 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $1.1M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 7 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Accountability: Independent voting board scored 40/100.
- Review — Sustainability: Operating margin scored 55/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.