2024-08-08T10:20:54-05:00 2023-09-30 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2022-10-01 570524661 WESLEY COMMONS WESL 8642277250 1110 MARSHALL ROAD GREENWOOD SC 29646 DAVID BUCKSHORN PRESIDENT & CEO 8642277250 2024-08-05 1 1 JANICE A RATICA P00358837 7043338881 2024-08-05 2022 2024-08-08 14:25:15Z DAVID BUCKSHORN 1110 MARSHALL ROAD GREENWOOD SC 29646 28520993 0 X WWW.WESLEYCOMMONS.ORG X 1969 SC ENRICHING LIVES BY PROVIDING INNOVATIVE LIVING OPPORTUNITIES IN ACCORD WITH CHRISTIAN PRINCIPLES. 11 11 488 69 0 0 508485 593111 22538275 23900241 353710 430617 0 0 23400470 24923969 0 0 0 0 11369318 11915094 0 0 128955 14928622 14872971 26297940 26788065 -2897470 -1864096 67052750 67245738 70706659 72136331 -3653909 -4890593 X WESLEY COMMONS IS A CONTINUING CARE RETIREMENT COMMUNITY THAT PROVIDES THE FINEST IN HEALTH SERVICES, INCLUDING ASSISTED LIVING, INTERMEDIATE AND SKILLED NURSING CARE, SPECIALIZED CARE FOR ALZHEIMER'S AND DEMENTIA-RELATED ILLNESSES, AS WELL AS CRITICAL THERAPY PROGRAMS. 0 0 6592472 10018561 INDEPENDENT LIVING - WESLEY COMMONS IS A MASTER PLANNED, FULL-SERVICE CONTINUING CARE RETIREMENT COMMUNITY LOCATED ON OVER 158 BEAUTIFUL WOODED ACRES IN GREENWOOD, SOUTH CAROLINA. THE COMMUNITY OFFERS A FULL RANGE OF SERVICES FOR SENIOR ADULTS - A VARIETY OF INDEPENDENT RESIDENTIAL LIVING NEIGHBORHOODS, WITH THE SECURITY OF QUALITY AND CARING OPTIONS FOR ASSISTED LIVING, ALZHEIMER'S AND DEMENTIA CARE, AND SKILLED NURSING RIGHT ON OUR CAMPUS. THIS GIVES RETIREES THE FREEDOM TO SHAPE THEIR OWN RETIREMENT LIFESTYLE WITH COMFORT AND SECURITY. 7890520 10110862 SKILLED NURSING - SURROUNDED BY LUSH LANDSCAPING AND ROLLING GREEN MEADOWS, WESLEY COMMONS HEALTH CARE CENTER IS A LIVELY AND INVITING PLACE. ORIGINALLY OPENED IN 1971, THE HEALTH CARE CENTER HAS 40 PRIVATE ROOMS WITH PRIVATE BATHS AND 40 PRIVATE ROOMS WITH JACK/JILL BATHS. ALL ROOMS OFFER AMPLE SPACE FOR FAMILY VISITS AND A CALM ENVIRONMENT THAT IS CONDUCIVE TO THE HIGHEST QUALITY OF LIFE. THE HEALTH CARE CENTER IS CERTIFIED BY MEDICARE AND MEDICAID AND OFFERS 24-HOUR PROFESSIONAL LICENSED SKILLED NURSING CARE. 2751738 3770818 ASSISTED LIVING - PALMETTO PLACE ASSISTED LIVING IS A BEAUTIFUL PART OF WESLEY COMMONS COMMUNITY THAT OFFERS AN ENVIRONMENT THAT ENCOURAGES INDEPENDENCE AND SELF-WORTH, WHILE PROVIDING ASSISTANCE WITH EVERYDAY ACTIVITIES. WE ARE DESIGNED TO PROVIDE SENIOR ADULTS WITH INDIVIDUALIZED ASSISTANCE WITH ACTIVITIES OF DAILY LIVING SUCH AS BATHING, DRESSING, MEALS, MEDICATION MANAGEMENT/ADMINISTRATION AND CAREFREE LIVING. OUR RESIDENTS ENJOY DINING IN A RESTAURANT-STYLE ATMOSPHERE WHERE THEIR NEEDS AND DESIRES ARE MET BY A WAIT STAFF. THERE IS ALSO A FULL ARRAY OF ACTIVITIES TO STIMULATE THEIR MINDS AND BODIES. WE ENCOURAGE THESE RESIDENTS TO PARTAKE IN THE FITNESS ACTIVITIES OFFERED IN OUR WELLNESS COMPLEX, FULLY EQUIPPED WITH A WEIGHT ROOM, EXERCISE ROOM, AND POOL WITH MEN AND WOMEN'S LOCKER ROOMS.JASMINE COTTAGE IS A 14-BED SECURED DEMENTIA UNIT. WE SPECIALIZE IN THE CARE OF INDIVIDUALS WITH COGNITIVE RELATED ILLNESSES. WE PROVIDE HIGHER STAFFING RATIOS IN ORDER TO MEET INDIVIDUAL RESIDENT NEEDS. WE OFFER ASSISTANCE WITH ACTIVITIES OF DAILY LIVING SUCH AS BATHING, DRESSING, AND CUES TO PROMOTE SELF-ESTEEM AND OVERALL FEELING OF ACCOMPLISHMENT FOR THE RESIDENT. THE AREA IS VERY FRIENDLY, INVITING, AND HOMELIKE. MEALS ARE DELIVERED AND SERVED "FAMILY STYLE." WE PROVIDE STIMULATING ACTIVITIES TO KEEP THE RESIDENT INVOLVED AND ACTIVE. STAFF SPECIALIZE IN BEHAVIORAL DISTURBANCES SUCH AS SUNDOWNING, TIME TRAVELING, OR AGITATION ISSUES. THE AREA IS DESIGNED TO MAKE THE RESIDENT FEEL SECURE AND COMFORTABLE IN THEIR SURROUNDINGS. 2875004 0 HOME HEALTH SERVICES 2875004 0 20109734 1 1 0 0 0 0 0 0 0 1 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 0 0 0 1 55 0 1 488 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X SUSAN CRIBBS 8642277290 1110 MARSHALL ROAD GREENWOOD SC 29646 MS MELISSA BAIN TRUSTEE 0.20 X 0 0 0 DR WALLACE L FRIDY TRUSTEE 0.20 X 0 0 0 THE REVEREND MICHAEL GUFFEE TRUSTEE 0.20 X 0 0 0 MR DAVIS HOOK TRUSTEE 0.20 X 0 0 0 MR WELBORN ADAMS TRUSTEE 0.20 X 0 0 0 MR JAMES MEDFORD TRUSTEE 0.20 X 0 0 0 MR RONNIE MILLENDER TRUSTEE 0.20 X 0 0 0 MS BONNIE M BOO RAMAGE TRUSTEE 0.20 X 0 0 0 MS LAURIE SMITH TRUSTEE 0.20 X 0 0 0 THE REVEREND JEFFREY CHILDRESS SECRETARY 0.20 X X 0 0 0 THE REVEREND R WAYNE HORNE CHAIRMAN 0.20 X X 0 0 0 MR DAVID B BUCKSHORN PRESIDENT/CEO 55.00 X 530650 0 45508 MS SUSAN CRIBBS CFO 50.00 X 283339 0 46420 MS KIM HOLMES MOODY VP OF OPERATIONS 50.00 X 186600 0 13411 MR ROBERT C REAGIN VP OF BUSINESS DEVELOPMENT 40.00 X 161074 0 16170 MR KENNETH MCCLENDON RETIREMENT COUNSELOR 40.00 X 120247 0 9793 MS WANDA DODGEN DIRECTOR OF NURSING 40.00 X 100521 0 8720 1382431 0 140022 6 0 1 0 JCCS 600 E NORTH STREET GREENVILLE SC 29601 BUILDING CONTRACTOR 431893 SPELLMAN BRADY & COMPANY 8251 MARYLAND AVE STE 300 ST LOUIS MO 63105 FURNITURE/INTERIOR DESIGN SERVICES 275244 BUCKET & A MOP CLEANING SERVICES 107 NORTHSIDE DRIVE WEST GREENWOOD SC 29649 HOUSEKEEPING/CLEANING SERVICES 260671 E & C PRESSURE WASHING & PAINTING 106 CURL DR GREENWOOD SC 29649 PRESSURE WASHING/PAINTING SERVICES 198650 4 593111 593111 HEALTHCARE SERVICES 623000 12382972 12382972 MONTHLY SERVICE FEES 623990 8311568 8311568 EARNED ENTRANCE FEES 623990 2669702 2669702 OTHER REVENUE 623990 434319 434319 FOOD SERVICE INCOME 623990 101680 101680 23900241 370059 370059 3657582 3597024 60558 60558 60558 24923969 23900241 0 430617 1161664 837301 314394 9969 8222589 5926656 2225372 70561 291217 59859 230716 642 1487346 305720 1178346 3280 752278 154629 595990 1659 1260551 860212 396292 4047 279914 208401 68513 3000 953886 722374 230762 750 1817876 1817876 3756825 3756825 636557 636557 SUPPLIES 2708063 2358495 347306 2262 CONTRACT SERVICES 1950305 1895240 55065 REPAIRS AND MAINTENANCE 858033 760392 97641 MAINTENANCE CONTRACTS A 249447 249353 94 401514 196401 172328 32785 26788065 20109734 6549376 128955 574 572 1020080 2809269 1162905 1238496 297208 245256 315406 210866 97628760 48489347 47786510 49139413 7518275 4618936 8951792 8982930 67052750 67245738 2238112 2042759 22584417 24010137 23990000 23265000 17287362 16966282 3340000 3160000 1266768 2692153 70706659 72136331 X -5927562 -7384130 2273653 2493537 -3653909 -4890593 67052750 67245738 X -1864096 427913 199499 X X 0 1 X 1 0 X 481560 670752 2369067 508485 462817 4492681 20051524 21759021 21631392 22538275 23900241 109880453 20533084 22429773 24000459 23046760 24363058 114373134 0 0 0 114373134 331061 301933 231257 186636 370059 1420946 331061 301933 231257 186636 370059 1420946 20864145 22731706 24231716 23233396 24733117 115794080 0.98770 0.98750 0.01230 0.01250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1932604 227635 20608 2139631 2228761 -275773 20384 1932604 1990461 268853 30553 2228761 1885631 133534 28704 1990461 1844199 60122 18690 1885631 0.78151 0.21849 0 0 775270 775270 74797107 36118634 38678473 10542533 4662542 5879991 11513850 7708171 3805679 49139413 DEVELOPMENT IN PROGRESS 268526 INTEREST IN ASSETS HELD BY OTHERS 3980396 ASSETS WHOSE USE IS LIMITED(BOND RESTRICTED) 4676016 RIGHT OF USE ASSETS 57992 8982930 ACCRUED INTEREST 629814 DEPOSITS 614754 RESERVE FOR EMPLOYEE RETENTION CREDIT 1389593 LEASE LIABILITY 57992 2692153 X 25551381 427913 199499 627412 24923969 0 24923969 26788065 0 26788065 0 26788065 PART X, LINE 2: WESLEY COMMONS HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, INCOME EARNED IN FURTHERANCE OF WESLEY COMMONS' TAX-EXEMPT PURPOSE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ANY ACTIVITIES NOT DIRECTLY RELATED TO WESLEY COMMONS' TAX-EXEMPT PURPOSE ARE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. WESLEY COMMONS DID NOT PAY ANY INCOME TAXES DURING THE YEARS ENDED SEPTEMBER 30, 2023 AND 2022. WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. MANAGEMENT IS NOT AWARE OF ANY MATERIAL UNCERTAIN TAX POSITIONS AND NO LIABILITY HAS BEEN RECOGNIZED AT SEPTEMBER 30, 2023 OR 2022. IF APPLICABLE, INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS ADDITIONAL INCOME TAXES IN THE STATEMENTS OF ACTIVITIES. WESLEY COMMONS IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT RECLASSIFICATION 199,499. X 1 1 X X X X X X 0 0 0 0 0 0 0 1 0 MR DAVID B BUCKSHORN PRESIDENT/CEO 382017 0 140003 0 8630 0 20500 0 25008 0 576158 0 0 0 MS SUSAN CRIBBS CFO 256339 0 27000 0 0 0 20500 0 25920 0 329759 0 0 0 MS KIM HOLMES MOODY VP OF OPERATIONS 165996 0 18468 0 2136 0 0 0 13411 0 200011 0 0 0 MR ROBERT C REAGIN VP OF BUSINESS DEVELOPMENT 149554 0 11520 0 0 0 0 0 16170 0 177244 0 0 0 PART I, LINE 7 THE BOARD PROVIDES DISCRETIONARY BONUSES WHEN CERTAIN PERFORMANCE CRITERIA IS SATISFIED. A SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY 570960018 837033KQ1 2016-10-19 28962780 REFUNDING OF THE ISSUER'S OUTSTANDING SERIES 2006 BONDS 0 0 0 A 3845000 28962780 1975675 459576 26574704 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/19/2021 FORM 990, PART VI, SECTION B, LINE 11B THE CEO AND CFO REVIEW THE FORM 990. AFTER THEY COMPLETE THEIR REVIEW, A COPY OF THE RETURN IS MAILED/EMAILED TO EACH MEMBER OF THE BOARD OF TRUSTEES FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE REQUIRED TO BE COMPLETED AT THE ANNUAL MEETING OF THE BOARD OF TRUSTEES. FORMS ARE KEPT ON FILE WITH THE OFFICIAL BOARD MINUTES. THE CHAIRMAN AND THE PRESIDENT/CEO ARE RESPONSIBLE FOR REVIEWING THE FORMS AND MONITORING COMPLIANCE WITH THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION ENGAGES AN INDUSTRY KNOWLEDGEABLE THIRD-PARTY AGENCY TO RESEARCH AND MAKE RECOMMENDATIONS AS TO THE APPROPRIATE COMPENSATION OF THE PRESIDENT/CEO AND ALL OTHER KEY EMPLOYEES. THE RECOMMENDATIONS ARE THEN REVIEWED, DOCUMENTED, AND USED BY THE BOARD OF TRUSTEES IN THE DETERMINATION OF COMPENSATION AND RELATED MATTERS. THIS PROCESS ENSURES THAT COMPENSATION IS REASONABLE AND THAT WESLEY COMMONS PROVIDES ITS TALENT WITH COMPETITIVE COMPENSATION BASED ON INDUSTRY BENCHMARKS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND POLICIES ARE MADE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE ELECTRONIC MUNICIPAL MARKET ACCESS OF THE MUNICIPAL SECURITIES RULE MAKING BOARD. FORM 990, PART XI, LINE 9: INVESTMENT RECLASS 199,499. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GREENWOOD HERITAGE FOUNDATION INC P O BOX 1247 GREENWOOD SC 29648 571028929 INVESTMENT AND MANAGEMENT OF ASSETS TO BE USED FOR BENEFIT OF WESLEY COMMONS SC 501(C)(3) 11A N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 GREENWOOD HERITAGE FOUNDATION INC C 118746 MEMORANDUM OF UNDERSTANDING GREENWOOD HERITAGE FOUNDATION INC O 71851 WAGES PAID