Wesley Homes Pierce County

Nonprofit profile at a glance

EIN
823901394
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-EZ 2018
Location
Des Moines, WA, USA
Phone
2068701260
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Official website

Reported finances

Revenue
$14,111,142
Expenses
$15,823,812
Assets
$96,029,754
Liabilities
$101,908,024

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • KEVIN ANDERSON (PRESIDENT)
  • DANIEL LINDH (VICE PRESIDENT)

Highest reported compensation

  • HEIDI DAVIS CAMPUS (ADMINISTRATOR (AS OF MARCH 2024)): $113,686 total reported compensation
  • JENNIFER DUMO CAMPUS (ADMINISTRATOR (THROUGH JANUARY 2024)): $10,976 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To plan, develop and operate a senior housing campus in pierce county, Washington, that will provide rental housing and related services to seniors.

What it reported doing in 2024

Wesley homes tehaleh at pierce county serves an average of 246 seniors at any one time in independent apartments, brownstone catered living and assisted living. This campus employs approximately 63 employees. With fully refundable entrance deposits and moderate monthly fees. This campus is affordable to individuals of modest means while providing high quality programs and amenities to promote active and healthy aging.

Operating model

Revenue model
Earned-program. 82% of the money available for current operations came from fees and other program 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

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: 83
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 40
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.4%; rating input score 97
  • Program expense ratio: 86.8%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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; 66th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: -12.1%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 6.07; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 1.06; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 0.8%; rating input score 87; 87th percentile among comparable filings

Growth

  • Program expense growth: 40.3% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 24.6% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 22.5% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 97.4% of revenue deployed · 86.8% of spending went to programs
  • Governance: 4 of 4 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $13.7M in reported program spending
  • Leadership: top reported pay $114K · 7 people listed
  • Highest-paid contractors: 5 contractors listed · $2.4M reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 8/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.