2024-09-25T07:22:38-05:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 20 STANWIX STREET PITTSBURGH PA 15222 990 2023-01-01 556021397 CLARA WELTY TESTAMENTARY TRUST (WELTY HOME FOR THE AGED INC BENEFICIARY) CLAR 3042425233 159 EDGINGTON LANE WHEELING WV 26003 MOST REV MARK E BRENNAN CHAIRMAN OF TRUSTEES 3042425233 2024-09-06 1 1 JEFFREY J PETRELL P00138808 4126976400 2024-08-26 2023 2024-08-08 14:25:15Z MORGAN MURPHY 159 EDGINGTON LANE WHEELING WV 26003 8792413 0 X WELTYHOME.ORG X 1960 WV TO PROVIDE CARE AND COMFORT TO THE ELDERLY BY SUPPORT OF WELTY HOME FOR THE AGED, INC., ITS SUBSIDIARIES, AND DIRECT CARE AND COMFORT TO THE ELDERLY. 4 4 0 4 0 0 300000 0 0 0 1144541 8179038 200000 200000 1644541 8379038 0 0 0 0 0 0 0 0 0 712351 707977 712351 707977 932190 7671061 37566446 39725275 3749974 3461618 33816472 36263657 TO PROVIDE CARE AND COMFORT TO THE ELDERLY BY SUPPORTING WELTY HOME FOR THE AGED, INC., ITS SUBSIDIARIES, AND PROVIDING DIRECT CARE AND COMFORT TO THE ELDERLY. 0 0 654707 200000 OWNERSHIP OF INVESTMENTS AND FACILITIES FOR THE BENEFIT OF WELTY HOME FOR THE AGED, INC. IN 2023 TTHE TRUST PROVIDED THE CORPORATION WITH THE FREE USE OF FACILITIES WITH ANNUAL RENTAL VALUE OF $1,614,357. 654707 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 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 1 1 0 0 0 1 2 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X MORGAN MURPHY 3042425233 159 EDGINGTON LANE WHEELING WV 26003 PENN KURTZ TREASURER 0.30 0.20 X X 0 0 0 MOST REV MARK E BRENNAN CHAIRMAN OF TRUSTEES 0.30 1.00 X X 0 0 0 REV MSGR EUGENE OSTROWSKI TRUSTEE 0.30 1.00 X 0 0 0 LAWRENCE E BANDI TRUSTEE 0.30 0.20 X 0 0 0 DONALD R KIRSCH ADMINISTRATOR 7.00 40.00 X 0 355307 47339 0 355307 47339 0 0 1 0 0 235821 235821 200000 0 200000 200000 200000 8356592 0 413375 8356592 -413375 7943217 7943217 8379038 200000 0 8179038 3750 3750 44020 44020 5500 5500 133716 133716 519994 519994 REPAIRS & MAINTENANCE 712 712 LICENSE FEES 170 170 BANK FEES 115 115 707977 654707 53270 0 239783 482034 26218211 11218982 15781817 14999229 21427710 24160748 117136 83264 37566446 39725275 0 211648 3749974 3249970 3749974 3461618 X 33816472 36263657 33816472 36263657 37566446 39725275 X 7671061 -5190004 -33872 X 0 1 X 1 0 X X 1 WELTY HOME FOR THE AGED INC 550362615 7 1 0 1614357 1 0 1614357 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2407154 2407154 22544306 10632773 11911533 1076357 444795 631562 188750 140619 48131 1644 795 849 14999229 X 5182893 -5190004 1614357 -33872 -3609519 8792412 -413374 -413374 8379038 2735708 1614357 413374 2027731 707977 0 707977 PART X, LINE 2: THE CLARA WELTY TRUST AND WELTY VILLAGE, LC ARE NOT-FOR-PROFIT ORGANIZATIONS AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (CODE) AND HAVE BEEN RECOGNIZED AS TAX-EXEMPT UNDER SECTION 501(A) OF THE CODE. WELTRUST, LC IS A CHARITABLE, TAX-EXEMPT ORGANIZATION INCORPORATED UNDER THE PROVISIONS OF SECTION 501(C)(2). THE TRUST HAD NO UNRELATED BUSINESS INCOME DURING THE YEARS ENDED DECEMBER 31, 2023 OR 2022. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE TRUST TO EVALUATE TAX POSITIONS TAKEN BY THE TRUST AND RECOGNIZE A TAX LIABILITY OR ASSET IF THE TRUST HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS). THE TRUST HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. GENERALLY, TAX RETURNS FOR YEARS ENDED DECEMBER 31, 2020, AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: MARKET VALUE SWAP -33,872. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS -413,374. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 413,374. 0 0 0 0 0 0 0 0 0 DONALD R KIRSCH ADMINISTRATOR 0 315307 0 40000 0 0 0 19800 0 27539 0 402646 0 0 PART I, LINE 3 THE CEO'S COMPENSATION IS PAID BY WELTY HOME FOR THE AGED. WELTY HOME FOR THE AGED USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE A THE COUNTY COMMISSION OF OHIO COUNTY WV 556009203 2015-06-09 7000000 TO FINANCE A TOWNHOME DEVELOPMENT FOR THE ELDERLY IN WHEELING WV 0 0 0 A 3750030 7000000 1589 101706 6896705 2016 0 0 1 1 A 0 0 0 0 0 0 1 A 0 1 1 1 1 1 BRANCH BANKING & TR 14.000000000000 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 2 MOST REV. MARK E. BRENNAN, THE APOSTOLIC ADMINISTRATOR OF THE DIOCESE OF WHEELING-CHARLESTON IS THE EX-OFFICIO CHAIRMAN OF THE BOARD OF DIRECTORS, PRESIDENT AND ONE OF THE MEMBERS OF THE WELTY HOME FOR THE AGED, INC. REV. MSGR. EUGENE OSTROWSKI SERVES THE BISHOP AND THE DIOCESE IN VARIOUS CAPACITIES. THE BISHOP AND MSGR. EUGENE OSTROWSKI SERVE IN THESE CAPACITIES WITHOUT PERSONAL COMPENSATION OR EMPLOYEE BENEFIT FROM THE WELTY HOME FOR THE AGED, INC. FORM 990, PART VI, SECTION B, LINE 11B CLARA WELTY HAS A CPA FIRM PREPARE ITS FORM 990. THE RETURN IS COMPLETED IN DRAFT FORM AND REVIEWED BY MANAGEMENT OF THE ORGANIZATION. THE RETURN IS THEN FINALIZED AND THE BOARD IS PROVIDED A COPY OF THE FORM 990 TO REVIEW BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND THE TRUSTEES ANNUALLY ACKNOWLEDGE THEY HAVE READ AND UNDERSTAND THE POLICY AND AGREE TO COMPLY WITH IT. ANY CONFLICTS OR POTENTIAL CONFLICTS ARE DISCUSSED AT MEETINGS OF THE TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 CLARA WELTY'S CEO IS PAID BY WELTY HOME FOR THE AGED. THE COMPENSATION FOR THE CEO IS APPROVED BY THE MEMBERS BASED UPON THEIR KNOWLEDGE OF PREVAILING RATES IN THE AREA FOR SIMILAR SERVICES AFTER REVIEW OF COMPARABILITY DATA AND RECOMMENDATION BY THE INDEPENDENT COMPENSATION COMMITTEE. THE COMPENSATION FOR MANAGEMENT SERVICES AND LEGAL SERVICES IS APPROVED BY THE MEMBERS BASED UPON THEIR KNOWLEDGE OF PREVAILING RATES IN THE AREA FOR SIMILAR SERVICES. FORM 990, PART VI, SECTION C, LINE 18 CLARA WELTY MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 AT THIS TIME, CLARA WELTY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9: MARKET VALUE RATE SWAP -33,872. WELTY TRUST REAL ESTATE LC 159 EDGINGTON LANE WHEELING WV 26003 205454045 REAL ESTATE HOLDING COMPANY WV 1024032 5680256 CLARA WELTY TESTAMENTARY TRUST WELTRUST LC 159 EDGINGTON LANE WHEELING WV 26003 NOMINEE FOR INVESTMENTS WV 8592137 24162694 CLARA WELTY TESTAMENTARY TRUST WELTY VILLAGE LC 159 EDGINGTON LANE WHEELING WV 26003 473639274 REAL ESTATE HOLDING COMPANY WV 858872 9799062 CLARA WELTY TESTAMENTARY TRUST ROMAN CATHOLIC DIOCESE OF WHEELING-CHARLESTON 1310 BYRON STREET CHARLESTON WV 26003 550357023 RELIGION WV 501(C)(3) LINE 1 N/A 0 WELTY HOME FOR THE AGED INC 159 EDGINGTON LANE WHEELING WV 26003 550362615 HEALTHCARE SERVICES FOR THE AGED WV 501(C)(3) LINE 9 N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0