Nonprofit · EIN 58-0909393
WESLEY HOMES INC
Tax-exempt · ATLANTA, GA 30329
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $17,382,324 | $16,432,659 | $949,665 | $20,883,508 | $12,162,402 | $8,721,106 |
| August 31, 2024 | 990 | $14,992,704 | $15,080,403 | -$87,699 | $19,652,953 | $11,881,512 | $7,771,441 |
| August 31, 2023 | 990 | $14,208,058 | $14,436,256 | -$228,198 | $19,813,951 | $11,954,811 | $7,859,140 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $2,059,442
- Program service revenue
- $14,980,634
- Investment income
- $70,858
- Other revenue
- $271,390
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $3,341,579
- Salaries, compensation and benefits (total)
- $4,171,767
- Professional fundraising fees
- $0
- Legal fees
- $59,097
- Accounting fees
- $103,254
- Occupancy
- $2,014,142
- Travel
- $68,985
- Depreciation
- $1,119,359
- Program services (functional)
- $13,370,418
- Management and general (functional)
- $3,062,241
Balance sheet and other
- Total assets, start of year
- $19,652,953
- Total assets, end of year
- $20,883,508
- Total liabilities, end of year
- $12,162,402
- Net assets, end of year
- $8,721,106
- Land, buildings and equipment
- $11,336,362
- Net assets without donor restrictions
- $7,936,347
- Net assets with donor restrictions
- $784,759
- Gross receipts
- $17,382,324
- Employees
- 92
- Volunteers
- 1,489
- Year formed
- 1962
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Terry Barcroft | President & CEO Trustee or director, Officer | 5 | $0 | $324,346 | $24,499 |
| Lauri Ann Brooks | Director, VPO Trustee or director, Officer | 16 | $0 | $224,451 | $20,145 |
| Diane Vaughan | Director, President of Foundation Trustee or director | 1 | $0 | $207,288 | $26,424 |
| Brandon Valasek | CFO Officer | 10 | $0 | $207,374 | $24,102 |
| Glenn Warren | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Cathie Berger | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended August 31, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TERRY BARCROFT | PRESIDENT & CEO Trustee or director, Officer | 13 | $0 | $315,578 | $23,071 |
| LAURI ANN BROOKS | DIRECTOR, VPO Trustee or director, Officer | 12 | $0 | $220,288 | $18,705 |
| BRANDON VALASEK | CFO & SECRETARY/TREASURER Officer | 4 | $0 | $180,019 | $22,366 |
| GLENN WARREN | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CATHIE BERGER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DIANE VAUGHAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended August 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TERRY BARCROFT | PRESIDENT & CEO Trustee or director, Officer | 13 | $0 | $298,303 | $23,773 |
| LAURI ANN BROOKS | DIRECTOR, VPO Trustee or director, Officer | 12 | $0 | $208,347 | $19,161 |
| BRANDON VALASEK | CFO & SECRETARY/TREASURER Officer | 4 | $0 | $167,784 | $8,876 |
| GLENN WARREN | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CATHIE BERGER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DIANE VAUGHAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1817 CLIFTON RD NE, ATLANTA, GA 30329-4021
- Principal officer (990 for 2024)
- Terry Barcroft, 1817 Clifton Road NE, Atlanta, GA 30329
- Signed the 990
- Terry Barcroft, President & CEO
- Phone
- (404) 728-6299
- Website
- www.wesleywoods.org
- Return prepared by
- Mauldin & Jenkins LLC
Mission
OUR MISSION IS TO CREATE COMMUNITIES OF CONNECTION, WELL-BEING AND PROMISE.
Program accomplishments
- WESLEY HOMES, INC OPERATES FIVE RETIREMENT APARTMENT COMMUNITIES SERVING MODERATE, LOW, VERY LOW, AND EXTREMELY LOW-INCOME OLDER ADULTS. SERVICES INCLUDE BUILDING AND APARTMENT MAINTENANCE, GROUNDS MAINTENANCE, 24-HOUR STAFFING, WELLNESS, AND LIFE ENRICHMENT PROGRAMS AND SERVICE COORDINATION. SOME COMMUNITIES OFFER LICENSED PERSONAL CARE SERVICES AND DINING. WESLEY HOMES HAD A TOTAL OF 888 RENTAL UNITS AVAILABLE WITH AN AVERAGE OCCUPANCY RATE OF 92.97% FOR FISCAL YEAR 2025.Expenses $13,370,418 · revenue $14,980,634
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 58-0909393
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1961
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L220)
- Assets (IRS master file)
- $20,883,508
- Income (IRS master file)
- $17,382,324
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $17,382,324 | $16,432,659 | $20,883,508 | XML |
| 990 | August 2024 | $14,992,704 | $15,080,403 | $19,652,953 | XML |
| 990 | August 2023 | $14,208,058 | $14,436,256 | $19,813,951 | XML |
| 990 | August 2022 | $14,562,426 | $14,292,160 | $20,193,659 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-0909393).
Questions about WESLEY HOMES INC
- What is the EIN of WESLEY HOMES INC?
- The employer identification number (EIN) of WESLEY HOMES INC is 58-0909393.
- Is WESLEY HOMES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1961.
- Are donations to WESLEY HOMES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WESLEY HOMES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WESLEY HOMES INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WESLEY HOMES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of WESLEY HOMES INC?
- The 990 for the year ended August 31, 2025 names Terry Barcroft.
- Who are the officers and directors of WESLEY HOMES INC?
- The 990 for the year ended August 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does WESLEY HOMES INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $17,382,324, expenses of $16,432,659 and total assets of $20,883,508 at year end.
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