WesleyLife

What it reported doing in 2024

Wesleylife was established in december 2010 as a supporting organization for wesley retirement services, inc. (wrs) and wesley community services, inc. (wcs). Wrs was established in 1947 (originally as wesley acres, inc.) as a faith-based non-profit organization, and has since dedicated itself to providing housing, healthcare, and support services exclusively to older adults in ways that enhance a sense of purpose and meaning in the lives of those we serve. Wcs was established in 2005 to provide services to older adults as well as those in financial need through home healthcare, non-medical in-home services, nutrition, transportation, and hospice services. We also offer adult day services in two markets: des moines and newton.wesley development services was created in february 2011 to provide market research as well as project design, management, monitoring, and marketing related to new communities for wesleylife and its affiliates. As trends in retirement living continue to change, we have responded with services and programming designed to meet the needs of a younger, more active customer.wesleylife currently owns and operates eight communities for healthy living in Iowa through wesley retirement services, inc. (wrs) that offer a full continuum of services. Those communities are: wesley on grand in des moines; halcyon house in Washington; heritage house in atlantic; the village in indianola; park centre in newton; edgewater in west des moines; hearthstone in pella; and brio of johnston in johnston, Iowa.in 2024, wesley rretirement service and wesley community service provided housing and services for nearly 13,000 residents, clients and participants throughout the organization and more than 2,000 dedicated and passionate team members. Guided by our organizational core values of quality, excellence, hospitality and innovation, we are committed to responsible stewardship of our residents' resources to improve the lives of those we serve. As a non-profit organization, we understand our responsibility and obligation to operate with transparency, honesty, and integrity in all we do.community benefits from 2024 include:- wesleylife provided $6,860,400 in benevolent care to our residents, participants and clients. Residents who depleted their financial resources through no fault of their own received $3,691,183 of charitable assistance through each community's good samaritan or good shepherd fund to allow them to remain in their apartments or townhomes. Clients and participants of wesley community services received $267,304 in charitable donations to help them remain independent at home.

Financial Efficiency

• Mission deployment rate: 0.1%; rating input score 0
• Program expense ratio: 0.1%; rating input score 0
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 8th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• 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: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • 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: -5.3%; rating input score 16; 16th percentile among comparable filings
• Total-asset coverage ratio: 1.54; rating input score 52; 52nd percentile among comparable filings
• Liabilities to assets ratio: 1.32; rating input score 3; 3rd percentile among comparable filings
• Officer compensation ratio: 14.9%; rating input score 8; 8th percentile among comparable filings

Growth

• Program expense growth: -13% per year; rating input score 0; 1st percentile among comparable filings
• Revenue growth: 6.3% per year; rating input score 100; 55th percentile among comparable filings
• Asset growth: 16.3% per year; rating input score 100; 83rd percentile among comparable filings