2024-09-13T09:16:33-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 475 REGENCY PARK SUITE 175 OFALLON IL 62269 990 2023-01-01 741459599 WESLEYAN HOMES INC WESL 5128681205 139 ESTRELLA XING GEORGETOWN TX 78628 BETHANY SISNEROZ CHIEF EXECUTIVE OFFICER 5128681205 2024-09-11 1 0 ERIKA MARTINEZ P02297196 6182331200 2024-09-11 2023 2024-08-08 14:25:15Z X BETHANY SISNEROZ 139 ESTRELLA XING GEORGETOWN TX 78628 39010029 0 X WWW.WESLEYANHOMES.ORG X 1955 TX THE WESLEYAN IS CALLED TO CREATE A NEW, BOUNTIFUL EXPERIENCE OF AGING THAT ENSURES THAT LIFE IS LIVED ABUNDANTLY IN BODY, MIND AND SPIRIT. 19 18 473 23 0 0 1037430 1454917 28682602 27742360 1343145 -127975 2494496 1015999 33557673 30085301 0 0 0 0 16420536 15580217 0 0 74172 18758641 15475328 35179177 31055545 -1621504 -970244 98447379 94943502 89485846 86467315 8961533 8476187 X THE WESLEYAN IS CALLED TO CREATE A MINISTRY OF HEALTH AND AGING SERVICES THAT NOURISHES BODY, MIND AND SPIRIT SO THAT ALL THOSE THAT THE WESLEYAN SERVES LIVE ABUNDANTLY. 0 1 27850512 0 27742360 WESLEYAN HOMES, INC. CURRENTLY OPERATES THREE FACILITIES LOCATED IN GEORGETOWN, TEXAS. (1) THE WESLEYAN AT ESTRELLA INDEPENDENT LIVING, A 240-UNIT INDEPENDENT LIVING RETIREMENT COMMUNITY, PROVIDING HOUSING, DIETARY AND OTHER RELATED SERVICES, (2) THE WESLEYAN AT ESTRELLA ASSISTED LIVING, A 84-UNIT ASSISTED LIVING RETIREMENT COMMUNITY, PROVIDING CERTIFIED MEMORY CARE SERVICES, AND (3) THE WESLEYAN SKILLED NURSING AND REHABILITATION, A 142-BED PROFESSIONAL SKILLED NURSING FACILITY PROVIDING SKILLED NURSING SERVICES FOR RESIDENTS IN THE GEORGETOWN AND SURROUNDING COMMUNITIES. SKILLED NURSING BENEFITS ARE PROVIDED REGARDLESS OF FINANCIAL CONSIDERATIONS AND QUALIFICATIONS. WESLEYAN HOMES AS A WHOLE SERVED OVER 1,000 RESIDENTS IN 2023. (4) WESLEYAN HOMES ALSO PROVIDED HOME HEALTH AND HOSPICE SERVICES DURING 2023. DUE TO ON GOING FINANCIAL LOSSES WESLEYAN CHOSE TO CLOSE ITS HOME HEALTH AND HOSPICE OPERATIONS AS OF SEPTEMBER 30, 2023. 27850512 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 87 0 473 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X JOHN GLASS 5128681205 139 ESTRELLA XING GEORGETOWN TX 78628 EDMOND KOMANDOSKY IMMEDIATE PAST CHAIR 1.00 1.00 X 0 0 0 GENE LAWHON BOARD CHAIR 1.00 1.00 X X 0 0 0 REV DR JEFF SMITH BOARD TREASURER (EX OFFICIO) 1.00 1.00 X X 0 0 0 PATTY LEE VICE CHAIR OF BOARD 1.00 1.00 X X 0 0 0 WILLIAM BOOTH BOARD MEMBER 1.00 0.00 X 0 0 0 RICHARD LACAGNINA BOARD SECRETARY 1.00 1.00 X X 0 0 0 CORLISS MCBRIDE BOARD MEMBER 1.00 0.00 X 0 0 0 REV ALAN MCGRATH EX OFFICIO BOARD MEMBER 1.00 0.00 X 0 0 0 PAMELA PINKERTON-WHITLEY EX OFFICIO BOARD MEMBER 1.00 0.00 X 0 0 0 REV DR TRAVIS SUMMERLIN BOARD MEMBER 1.00 0.00 X 0 0 0 REV GLENDA WHITEHEAD BOARD MEMBER 1.00 1.00 X 0 0 0 REV NANCY WOODS BOARD MEMBER 1.00 0.00 X 0 0 0 BETHANY SISNEROZ PRESIDENT & CEO 39.00 1.00 X X 292825 0 21797 BENJAMIN LAKE BOARD MEMBER 1.00 0.00 X 0 0 0 JOSHUA SCHROEDER BOARD MEMBER 1.00 0.00 X 0 0 0 JESSICA WALTERS BOARD MEMBER 1.00 0.00 X 0 0 0 KENT HUNTSMAN BOARD MEMBER 1.00 0.00 X 0 0 0 GIBI JUSTIN BOARD MEMBER 1.00 0.00 X 0 0 0 REV DR ROGER CLAYTON BOARD MEMBER 1.00 0.00 X 0 0 0 BRAD BRITTAIN BOARD MEMBER (TERM END) 1.00 0.00 X 0 0 0 FRANK WOODS CHIEF FINANCIAL OFFICER 39.00 1.00 X 212656 0 1409 KELLY GOETZ CHIEF COMPLIANCE OFFICER 39.00 1.00 X 149230 0 18840 MAMIE LISTER HOME HEALTH ADMINISTRATOR 40.00 0.00 X 109377 0 5963 LAURA PLACKE WSN ADMINISTRATOR 40.00 0.00 X 113881 0 8157 GEORGIANNE HEWETT VICE PRESIDENT OF DEVELOPMENT 40.00 0.00 X 110278 0 6618 MICHELE CULP DIRECTOR OF HUMAN RESOURCES 40.00 0.00 X 114290 0 0 JOHN GLASS CONTROLLER 39.00 1.00 X 121003 0 8681 1223540 0 71465 9 0 1 0 MORRISON COMMUNITY LIVING PO BOX 102289 ATLANTA GA 30368 DIETARY SERVICES 2318236 BRIDGE CONSTRUCTION GROUP PO BOX 270394 FLOWER MOUND TX 75027 CONSTRUCTION 571755 EXCEL CONSTRUCTION GROUP 8600 FREEPORT PARKWAY SUITE 250 IRVING TX 75063 CONSTRUCTION 438504 CMG CIT ACQUISITION LLC 655 SOUTH WILLOW STREET SUITE 128 MANCHESTER NH 03103 CONTRACT NURSES 401515 KARE TECHNOLOGIES LLC PO BOX 4738 HOUSTON TX 77210 CONTRACT NURSES 361583 15 82119 1305651 67147 1454917 PROGRAM SERVICE REVENUE 623000 27742360 27742360 27742360 551781 551781 8127615 117357 8351744 572984 -224129 -455627 -679756 -679756 OTHER RESIDENT SERVICES 812900 527333 527333 BAD DEBT RECOVERY 812900 170864 170864 BARBER/BEAUTY SHOP 812900 131419 131419 186383 186383 1015999 30085301 27742360 0 888024 696758 696758 12719073 11797238 920010 1825 297707 261790 35877 40 927079 815229 111724 126 939600 826239 113233 128 189795 189795 2625 2625 55436 55436 2972237 2972237 403413 281196 114648 7569 688768 480100 195745 12923 508632 354538 144551 9543 912146 635804 259228 17114 37168 25908 10563 697 3546552 3438143 108409 2717138 2663683 53455 683754 476605 194320 12829 DIETARY 1474042 1474042 MAINTENANCE AND EQUIPME 677207 677207 OTHER OPERATING EXPENSE 448438 312580 127444 8414 SUPPLIES 157977 110117 44896 2964 31055545 27850512 3130861 74172 429882 534353 10461979 9704560 2024257 578983 207274 244315 86101471 21084448 67345955 65017023 4573018 4864467 1235940 1308887 12169074 12690914 98447379 94943502 4959583 4552791 1690880 0 75362596 74461403 1170134 1170134 6302653 6282987 89485846 86467315 X 8961533 8476187 8961533 8476187 98447379 94943502 X -970244 411947 72951 X X 0 1 X 1 0 X 113292 129572 141365 1037430 1454917 2876576 29838331 29815114 27280315 28682602 27742360 143358722 960919 1015999 1976918 29951623 29944686 27421680 30680951 30213276 148212216 0 0 0 148212216 206525 120198 108248 266983 551781 1253735 206525 120198 108248 266983 551781 1253735 937933 4807433 4259470 1533577 11538413 31096081 34872317 31789398 32481511 30765057 161004364 0.92050 0.91880 0.00780 0.00520 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: EMPLOYEE/GUEST MEALS - 2019 AMOUNT: $ 105,712. 2020 AMOUNT: $ 21,814. 2021 AMOUNT: $ 44,660. BARBER/BEAUTY SHOP - 2019 AMOUNT: $ 166,506. 2020 AMOUNT: $ 42,446. 2021 AMOUNT: $ 126,962. OTHER RESIDENT SERVICES - 2019 AMOUNT: $ 70,571. 2020 AMOUNT: $ 216,149. 2021 AMOUNT: $ 3,695,470. QIPP REVENUE - 2019 AMOUNT: $ 507,044. 2020 AMOUNT: $ 784,443. 2021 AMOUNT: $ 316,428. NON-REFUNDABLE FEE INCOME - 2019 AMOUNT: $ 88,100. 2020 AMOUNT: $ 68,800. 2021 AMOUNT: $ 75,950. STIMULUS REVENUE - 2020 AMOUNT: $ 3,673,781. INSURANCE PROCEEDS - 2022 AMOUNT: $ 1,442,379. NA RELEASED FROM RESTRICTION - 2022 AMOUNT: $ 91,198. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5593545 5593545 73694432 18267782 55426650 6813494 2816666 3996828 65017023 OTHER ASSETS 168067 INTERCOMPANY 2807664 CONSTRUCTION IN PROGRESS 9715183 12690914 SECURITY DEPOSITS 31800 REFUNDABLE ENTRANCE FEES 6251187 6282987 X 30397521 411947 72947 484894 29912627 172674 172674 30085301 30882871 0 30882871 172674 172674 31055545 PART X, LINE 2: THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE ORGANIZATION REPORTS ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES, AND FILES PROPER RETURNS RELATED TO THESE ACTIVITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN INVESTMENT IN RISK RETENTION GROUP 72,947. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 1,810. BAD DEBT RECOVERY 170,864. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 1,810. BAD DEBT RECOVERY 170,864. X X 0 0 0 0 0 0 0 0 0 BETHANY SISNEROZ PRESIDENT & CEO 269425 0 15000 0 8400 0 16484 0 5313 0 314622 0 0 0 FRANK WOODS CHIEF FINANCIAL OFFICER 203591 0 9065 0 0 0 0 0 1409 0 214065 0 0 0 KELLY GOETZ CHIEF COMPLIANCE OFFICER 145399 0 3831 0 0 0 9297 0 9543 0 168070 0 0 0 A NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION 261604618 64542UAG9 2014-12-03 53550122 REFINANCE CERTAIN TAX-EXEMPT NOTES & FINANCE CONSTRUCTION AND CERTAIN FUNDS 0 0 0 B NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION 261604618 64542UFA7 2019-12-04 31943125 ACQUISITION AND REFURBISHMENT OF A SKILLED NURSING FACILITY 0 0 0 A 7489896 3423950 53550122 3159452 1071002 27291049 22028619 2016 1 0 1 1 B 620000 31943125 1528856 638862 26051335 3423950 300122 2020 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 12/03/2019 SCHEDULE K, PAGE 2, PART IV, LINE 3 ALTHOUGH THE SERIES 2014 BOND ISSUE CONTAINS BONDS WITH VARYING TERMS AND DIFFERENT RATES, THE OVERALL YIELD IS FIXED AND DETERMINABLE AS OF THE ISSUE DATE AS ALL THE BONDS HAVE A FIXED RATE. FORM 990, PART III, LINE 3 WESLEYAN HOMES, INC. CLOSED HOME HEALTH AND HOSPICE OPERATIONS AS OF 09/30/23. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD, CEO AND CFO PRIOR TO FILING. THE RETURN IS REVIEWED FOR ACCURACY WITH ANY CHANGES BEING DISCUSSED AND SUBMITTED TO THE CPA FIRM PREPARING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL MEMBERS AND OFFICERS OF THE BOARD OF TRUSTEES AS WELL AS KEY MANAGEMENT EMPLOYEES. UPON DATE OF EMPLOYMENT OR APPOINTMENT ONTO BOARD, THESE INDIVIDUALS MUST SIGN A CONFLICT OF INTEREST STATEMENT STATING THAT THEY HAVE READ AND ARE FAMILIAR WITH THE BY-LAWS AND, IN PARTICULAR, ARTICLE 66 REGARDING CONFLICT OF INTEREST, AND THAT THEY WILL COMPLY WITH REQUIREMENT TO REPORT, IN WRITING, ANY APPARENT CONFLICT OF INTEREST TO THE BOARD CHAIR. THE BOARD CHAIR IN CONSULTATION WITH APPROPRIATE BOARD MEMBERS AND KEY MANAGEMENT WILL DETERMINE IF A CONFLICT EXISTS AND DETERMINE APPROPRIATE RESTRICTIONS ON A CASE-BY-CASE BASIS FOR AN INDIVIDUAL WITH A CONFLICT OF INTEREST. THE CONFLICT OF INTEREST POLICY WAS REVIEWED AND UPDATED STATEMENTS WERE SIGNED BY ALL BOARD MEMBERS DURING A 2020 BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE SALARIES FOR THE CEO AND OTHER KEY EMPLOYEES ARE SET BY THE EXECUTIVE COMMITTEE OF THE BOARD EACH OCTOBER FOR THE FOLLOWING YEAR. EACH COMMITTEE MEMBER IS PROVIDED WITH THE SALARY HISTORY OF EACH OF THESE EMPLOYEES SINCE HIS/HER EMPLOYMENT DATE. THE HUMAN RESOURCE MANAGER PARTICIPATES EACH YEAR IN THE SALARY SURVEYS FOR LEADING AGE AND LEADING AGE TEXAS. THE RESULTS OF THESE SURVEYS ARE PROVIDED TO THE CEO TO PRESENT TO THE EXECUTIVE COMMITTEE. THE CEO DISCUSSES EACH EMPLOYEE'S STRENGTHS, WEAKNESSES, ACCOMPLISHMENTS, AND OVERALL PERFORMANCE WITH THIS COMMITTEE. THE COMMITTEE TAKES ALL OF THIS INFORMATION, ALONG WITH THEIR PERCEPTION OF THE EMPLOYEE BASED ON THEIR OWN INTERACTIONS, AND DETERMINES, BY EMPLOYEE, THE SALARY ADJUSTMENT TO BE MADE. THEN, THE CEO LEAVES THE MEETING, AND THE COMMITTEE GOES THROUGH THE SAME PROCEDURE TO EVALUATE HIM. THE BOARD CHAIR GATHERS ALL OF THE INFORMATION ON RAISES AND SIGNS OFF. THE DOCUMENTATION IS THEN FORWARDED TO THE CFO FOR PROCESSING AFTER THE LAST PAYROLL OF THE YEAR. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FROM MANAGEMENT. FORM 990, PART XI, LINE 9: CHANGE IN INVESTMENT VALUE OF RISK RETENTION GROUP 72,951. FORM 990, PAGE 5, PART V, LINE 2C THE ORGANIZATION HAS A COMMITEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT FROM THE AUDIT. THE PROCESS FOR THE OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR. WESLEYAN HOMES PROPERTIES 139 ESTRELLA XING GEORGETOWN TX 78628 900085004 ACQUIRING, HOLDING TITLE TO, CONSTRUCTION & MAINTAINING REAL PROPERTY TX 501(C)(3) LINE 12A, I WESLEYAN HOMES INC 1 WESLEYAN HOMES FOUNDATION 139 ESTRELLA XING GEORGETOWN TX 78628 900085021 PROVIDE SUPPORT FOR WESLEYAN HOMES, INC. TX 501(C)(3) LINE 12A, I WESLEYAN HOMES INC 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WESLEYAN HOMES FOUNDATION C 82119 FMV OF CHARITABLE CARE