2024-07-31T13:06:25-05:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-01-01 232810902 MAPLE VILLAGE MAPL 2153540565 626 JACKSONVILLE ROAD 200 WARMINSTER PA 18974 JEFF PETTY PRESIDENT AND CEO 2153540565 2024-07-29 1 1 KERRI N BOGDA CPA P00760402 7177404863 2024-07-29 2023 2024-08-08 14:25:15Z WESLEY ENHANCED LIVING UPPER MORELAND JEFF PETTY 626 JACKSONVILLE ROAD 200 WARMINSTER PA 18974 9306582 0 3423 X WWW.WEL.ORG X 1995 PA THE ORGANIZATION OPERATES A NON-PROFIT RETIREMENT COMMUNITY, INCLUDING INDEPENDENT AND PERSONAL CARE APARTMENTS. 3 0 123 0 0 0 9585 31448 7619930 8354999 -111037 187820 87298 75131 7605776 8649398 103445 125402 0 0 2729847 3048053 0 0 0 5634318 6443692 8467610 9617147 -861834 -967749 30241183 30806866 40894378 41880945 -10653195 -11074079 TO MAKE A COMPELLING DIFFERENCE IN THE LIVES OF OUR RESIDENTS THROUGH PROVIDING EXCELLENCE AND INNOVATION IN AGING SERVICES. 0 0 6975737 125402 8354999 THE ORGANIZATION OPERATES A NON-PROFIT RETIREMENT COMMUNITY WHICH INCLUDES INDEPENDENT LIVING AND PERSONAL CARE CONSISTING OF 38 COTTAGES, 112 APARTMENTS, AND 33 PERSONAL CARE UNITS. THE COMMUNITY PROVIDES AGING SERVICES TO PROMOTE GENERAL HEALTH, WELFARE AND SECURITY FOR THE SENIOR RESIDENTS, AND TO PLAN AND DEVELOP NEW PROGRAMS AND SERVICES TO MEET THE EVOLVING SOCIAL, HEALTH AND PERSONAL NEEDS OF RESIDENTS. OCCUPANCYY FOR THE YEAR WAS 95.69% FOR INDEPENDENT LIVING AND 80.80% FOR PERSONAL CARE. 6975737 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 16 0 123 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X JEFF PETTY CEO 2153540565 626 JACKSONVILLE ROAD STE 200 WARMINSTER PA 18974 JEFF PETTY PRESIDENT AND CEO 1.00 44.00 X X 0 640795 23407 DAN FROST EXECUTIVE DIRECTOR 40.00 X X 175109 0 7634 SHELLEY BALLET SECRETARY/TREASURER 1.00 44.00 X X 0 273901 19452 JACQUELINE ELDRED-SMITH SALES MANAGER 40.00 X 107989 0 12269 283098 914696 62762 2 0 1 0 INDUSTRIAL MECHANICAL CONTRACTORS INC 240 TANNER AVENUE HATBORO PA 19040 CONSTRUCTION/REPAIR SERVICES 345865 SHARP'S LANDSCAPING INC 7911 N RADCLIFF STREET BRISTOL PA 19007 LANDSCAPING & SNOW REMOVAL 189883 CLIPBOARD HEALTH 340 S LEMON AVENUE 5028 WALNUT CA 91789 TEMPORARY STAFFING 170329 KEARNS CARPET SERVICE LLC 296 SHANNON COURT WARWICK PA 18947 CARPET INSTALLATION 128190 4 9000 16861 5587 31448 INDEPENDENT LIVING 623990 3434957 3434957 ENTRANCE FEE AMORT. 623990 2884453 2884453 PERSONAL CARE 623990 2035589 2035589 8354999 223196 223196 1693 0 1693 1693 1693 621808 657184 -35376 -35376 -35376 2 0 2 2 DINING REVENUE 623990 48867 48867 TRANSPORTATION 623990 10863 10863 OTHER REVENUE 900099 7734 7734 5972 5972 73436 8649398 8354999 0 262951 125402 125402 182743 182743 2341970 1756670 585300 87605 59797 27808 245702 206677 39025 190033 148557 41476 900000 900000 7945 7945 9454 9454 407465 308974 98491 169929 169929 157552 133929 23623 1196027 1192141 3886 8421 1391 7030 1321452 1057162 264290 1835143 1468114 367029 75780 75780 FOOD 330511 330511 EMPLOYEE EXPENSES 10621 182 10439 BOOKS/DUES/SUB. 7372 1157 6215 LICENSES AND CERTS. 4145 455 3690 1875 1875 9617147 6975737 2641410 0 268147 78727 424623 413000 242343 284994 43924934 24252235 20165022 19672699 7297971 7828763 1843077 2528683 30241183 30806866 1183976 1176515 13150601 14841592 25499835 25077255 84462 49690 975504 735893 40894378 41880945 X -10653195 -11074079 -10653195 -11074079 30241183 30806866 -967749 546865 0 X 0 1 X 1 0 X 2000 143679 416776 6585 31448 600488 6841966 6958179 7029603 7619930 8354999 36804677 6843966 7101858 7446379 7626515 8386447 37405165 0 0 0 37405165 199288 152770 243655 136502 224889 957104 199288 152770 243655 136502 224889 957104 100336 89746 105624 84383 71025 451114 7143590 7344374 7795658 7847400 8682361 38813383 0.96370 0.96250 0.02470 0.02510 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2022 AMOUNT: $ 18,136. 2023 AMOUNT: $ 7,734. DINING REVENUE - 2019 AMOUNT: $ 68,723. 2020 AMOUNT: $ 51,666. 2021 AMOUNT: $ 55,129. 2022 AMOUNT: $ 42,564. 2023 AMOUNT: $ 48,867. APPLICATION FEES - 2019 AMOUNT: $ 3,400. TRANSPORTATION REVENUE - 2019 AMOUNT: $ 4,379. 2020 AMOUNT: $ 4,519. 2021 AMOUNT: $ 9,054. 2022 AMOUNT: $ 9,234. 2023 AMOUNT: $ 10,863. GIFT SHOP REVENUE - 2019 AMOUNT: $ 464. 2020 AMOUNT: $ 375. 2021 AMOUNT: $ 288. 2022 AMOUNT: $ 22. 2023 AMOUNT: $ 2. CONVENIENCE FEES - 2019 AMOUNT: $ 1,417. 2020 AMOUNT: $ 251. 2022 AMOUNT: $ 150. 2023 AMOUNT: $ 266. HOUSEKEEPING REVENUE - 2019 AMOUNT: $ 4,897. 2020 AMOUNT: $ 1,795. 2021 AMOUNT: $ 2,290. 2022 AMOUNT: $ 3,800. 2023 AMOUNT: $ 3,095. PARKING/LOCKER FEES - 2019 AMOUNT: $ 17,056. 2020 AMOUNT: $ 31,140. 2021 AMOUNT: $ 38,576. FINANCE CHARGES - 2021 AMOUNT: $ 287. 2022 AMOUNT: $ 1,277. 2023 AMOUNT: $ 198. COMMUNITY FEES - 2022 AMOUNT: $ 9,200. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 500000 500000 37367806 19678223 17689583 4108466 2960301 1148165 1948662 1613711 334951 19672699 DUE FROM RELATED PARTIES 2528683 2528683 REFUNDABLE ENTRANCE FEES 549480 RESIDENT PREPAID RENT 186413 735893 9070861 546865 -117402 429463 8641398 8000 8000 8649398 9491745 0 9491745 125402 125402 9617147 PART IV, LINE 2B: DEPOSITS INCLUDE SECURITY DEPOSITS, PRIORITY DEPOSITS, AND ENTRANCE FEE DEPOSITS RECEIVED FROM RESIDENTS. NO INTEREST ACCRUES ON THESE DEPOSITS AND THEY ARE REFUNDABLE, LESS ANY EXPENSES INCURRED ON BEHALF OF THE RESIDENT. PART XI, LINE 2D - OTHER ADJUSTMENTS: RESIDENT ASSISTANCE -117,402. PART XI, LINE 4B - OTHER ADJUSTMENTS: GROSS-UP CONTRIBUTIONS TO REFLECT SCHOLARSHIP CONTRIBUTIONS 8,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESIDENT ASSISTANCE 117,402. GROSS-UP CONTRIBUTIONS TO REFLECT SCHOLARSHIP CONTRIBUTIONS 8,000. 1 MONTHLY FEE ASSISTANCE FOR INDEPENDENT OR PERSONAL CARE RESIDENTS 6 117402 SCHOLARSHIPS 4 8000 PART I, LINE 2: GRANT ASSISTANCE FOR RESIDENTS IN INDEPENDENT OR PERSONAL CARE ARE MADE BASED ON DEMONSTRATED FINANCIAL NEED. MANAGEMENT OF WESLEY ENHANCED LIVING REVIEWS THE SPECIFIC SITUATIONS FOR EACH RESIDENT WHO IS REQUESTING ASSISTANCE. MANAGEMENT MAKES THE DETERMINATION BASED ON THE INDIVIDUAL FINANCIAL NEEDS OF THE RESIDENTS. NO MONITORING IS REQUIRED - THE GRANTS ARE DIRECTLY APPLIED TO RESIDENTS' MONTHLY BILLS AND ACT TO DECREASE THE AMOUNT OWED BY THE RESIDENTS FOR THEIR MONTHLY FEES. THE ORGANIZATION ALSO HAS A SCHOLARSHIP PROGRAM, SERVEWELL. EACH YEAR, THE ORGANIZATION SELECTS COLLEGE-BOUND EMPLOYEES TO AWARD SCHOLARSHIPS TO ASSIST STUDENT EMPLOYEES WITH EXPENSES INCURRED IN THE PURSUIT OF HIGHER EDUCATION. SCHOLARSHIPS ARE PAID TO THE EMPLOYEE AS A REIMBURSEMENT AFTER THEY HAVE FINISHED THE CLASS. 0 0 0 0 0 0 0 1 0 JEFF PETTY PRESIDENT AND CEO 0 520718 0 120077 0 0 0 13200 0 10207 0 664202 0 0 SHELLEY BALLET SECRETARY/TREASURER 0 242401 0 31500 0 0 0 10201 0 9251 0 293353 0 0 DAN FROST EXECUTIVE DIRECTOR 160109 0 15000 0 0 0 6491 0 1143 0 182743 0 0 0 PART I, LINE 3 COMPENSATION FOR THE CEO AND HIS DIRECT REPORTS IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF WESLEY ENHANCED LIVING (RELATED PARTY). COMPENSATION STUDIES ARE DONE PERIODICALLY BY AN OUTSIDE COMPENSATION CONSULTANT TO DETERMINE COMPENSATION, USING COMPARATIVE INDEPENDENT DATA. FOR OTHER EMPLOYEES, COMPENSATION REVIEWS ARE COMPLETED INTERNALLY COMPARING COMPENSATION DATA AVAILABLE THROUGH LEADING AGE, THE HOSPITAL & HEALTHCARE COMPENSATION SERVICE SALARY & BENEFITS REPORT, AND OTHER BENCHMARKS. THIS PROCESS WAS LAST PERFORMED IN DECEMBER 2022 AND WILL BE DONE AGAIN AT THE END OF 2024. PART I, LINE 7 THE ORGANIZATION PROVIDES BONUSES TO KEY EXECUTIVES ON A DISCRETIONARY BASIS. THE BOARD OF DIRECTORS ESTABLISHES AND APPROVES A BONUS POOL WHICH REPRESENTS THE MOST THE EMPLOYEES MAY RECEIVE BASED UPON A PERCENTAGE OF THEIR BASE PAY AND SETS THE AWARD FOR THE PRESIDENT/CEO. THE PRESIDENT IS THEN TASKED WITH CONFERRING BONUSES ON OTHER ELIGIBLE EMPLOYEES BASED UPON THE MAXIMUM PERCENTAGE THAT HAS ALREADY BEEN DETERMINED BY THE BOARD. A PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT 232237287 717824AR7 2017-08-15 19937472 REFINANCING AND CAPITAL PROJECTS 0 0 0 A 19938420 1352948 6144 418814 3950000 14220048 2020 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: PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT DATE THE REBATE COMPUTATION WAS PERFORMED: 08/14/2022 SCHEDULE K PARTS I AND II: THE BOND ISSUE WAS USED TO REFINANCE THE EXISTING BONDS IN THE OBLIGATED GROUP AND MAIN LINE. THE OBLIGATED GROUP CONSISTS OF MAPLE VILLAGE, NEW HERITAGE TOWERS, EVANGELICAL MANOR, AND STAPELEY. THE PROCEEDS WERE USED TO REFUND SERIES 2005, SERIES 2008, AND SERIES 2011 BONDS AND REFINANCE THE 2011 TERM LOAN. THE PROCEEDS WERE ALSO USED TO FINANCE CAPITAL PROJECTS, FUND CERTAIN RESIDENT REFUNDS, ACCOUNTS PAYABLE, AND INTEREST RATE SWAP TERMINATION PAYMENTS, AND PAY SOME COSTS OF THE ISSUANCE OF THE BONDS. SCHEDULE K PARTS I AND II: PROCEEDS REPORTED ON PART II LINE 3 DIFFER FROM PART I DUE TO INVESTMENT EARNINGS. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS MAY DELEGATE FROM TIME TO TIME CERTAIN POWERS TO THE CHAIR AND EXECUTIVE COMMITTEE AS MAY BE NEEDED OR AS MAY BE REQUIRED TO TRANSACT BUSINESS ON BEHALF OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 6 WESLEY ENHANCED LIVING, THE PARENT ORGANIZATION, IS THE SOLE MEMBER OF THE FILING ENTITY. FORM 990, PART VI, SECTION A, LINE 7A WESLEY ENHANCED LIVING APPOINTS THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO THE APPROVAL BY THE BOARD OF DIRECTORS OF WESLEY ENHANCED LIVING: APPROVAL OF THE ANNUAL BUDGET, THE OCCURRENCE OF DEBTS NOT INCLUDED IN THE APPROVED BUDGET, THE PURCHASE, SALE, OR LEASE BY OR TO THE CORPORATION OF REAL PROPERTY, THE CREATION OR AMENDMENTS TO THE CONTRACTS WITH RESIDENTS OR OTHER USERS OF CORPORATE SERVICES, TRANSFERS OF FUNDS OR PROPERTY TO OTHER CORPORATIONS FOR WHICH WESLEY ENHANCED LIVING IS THE SOLE MEMBER, AND ANY AMENDMENT TO THE CORPORATION'S AMENDED AND RESTATED ARTICLES OF INCORPORATION OR BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE FINANCE COMMITTEE AND PRESENTED TO THE FULL BOARD OF DIRECTORS BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND KEY STAFF ARE GIVEN A COPY OF THE CONFLICT OF INTEREST POLICY ANNUALLY TO REVIEW DURING THE JANUARY BOARD MEETING. THE POLICY OUTLINES THE GUIDING PRINCIPLES OF THE POLICY AND DISCLOSURE REQUIREMENTS AND PROCEDURES FOR DEALING WITH CONFLICTS OF INTEREST. IN ADDITION, BOARD MEMBERS AND KEY STAFF ARE REQUIRED TO COMPLETE ANNUAL CONFLICTS OF INTEREST AND DISCLOSURE OF RELATED ACTIVITIES STATEMENTS. "RELATED" INDIVIDUALS SHALL NOT BE PLACED IN WESLEY ENHANCED LIVING THROUGH EMPLOYMENT, TRANSFER, OR PROMOTION WHEN SUCH PLACEMENT WILL RESULT IN ONE RELATIVE SUPERVISING ANOTHER AND/OR HAVING THE RESPONSIBILITY TO MAKE OR PARTICIPATE ACTIVELY IN MAKING DECISIONS REGARDING THE "RELATED" EMPLOYEE'S EMPLOYMENT STATUS. PERSONS WHO HAVE CONFLICTS WILL BE REVIEWED ON A CASE-BY-CASE BASIS AND WILL ABSTAIN FROM BOTH DISCUSSION AND VOTE ON ANY MATTER INVOLVING THE CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. REQUESTS FOR THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY WILL BE CONSIDERED ON A CASE-BY-CASE BASIS. EVANGELICAL MANOR DBA WESLEY ENHANCED LIVING PENNYPACK PARK 626 JACKSONVILLE ROAD SUITE 200 WARMINSTER PA 18974 230563550 OPERATE A CCRC PA 501(C)(3) LINE 10 EVANGELICAL SERVICES FOR THE AGING 0 NEW HERITAGE TOWERS DBA WESLEY ENHANCED LIVING DOYLESTOWN 626 JACKSONVILLE ROAD SUITE 200 WARMINSTER PA 18974 232366563 OPERATE A CCRC PA 501(C)(3) LINE 10 EVANGELICAL SERVICES FOR THE AGING 0 THE NORTH AMERICAN BAPTIST HOME FOR THE AGING DBA WESLEY ENHANCED LIVING BU 626 JACKSONVILLE ROAD SUITE 200 WARMINSTER PA 18974 231401533 OPERATE A CCRC PA 501(C)(3) LINE 10 EVANGELICAL SERVICES FOR THE AGING 0 MARTINS RUN DBA WESLEY ENHANCED LIVING MAIN LINE 626 JACKSONVILLE ROAD SUITE 200 WARMINSTER PA 18974 232090256 OPERATE A CCRC PA 501(C)(3) LINE 10 EVANGELICAL SERVICES FOR THE AGING 0 EVANGELICAL SERVICES FOR THE AGING FOUNDATION DBA WEL FOUNDATION 626 JACKSONVILLE ROAD SUITE 200 WARMINSTER PA 18974 231971878 FUNDRAISING ARM OF EVANGELICAL SERVICES FOR THE AGING PA 501(C)(3) LINE 12A, I N/A 0 EVANGELICAL SERVICES FOR THE AGING DBA WESLEY ENHANCED LIVING 626 JACKSONVILLE ROAD SUITE 200 WARMINSTER PA 18974 232648022 MANAGE/OPERATE CCRCS PA 501(C)(3) LINE 12C, III-FI N/A 0 STAPELEY HALL DBA WESLEY ENHANCED LIVING AT STAPELEY 626 JACKSONVILLE ROAD SUITE 200 WARMINSTER PA 18974 232145152 OPERATE A CCRC PA 501(C)(3) LINE 10 EVANGELICAL SERVICES FOR THE AGING 0 MARTINS RUN HOME PARTNERS 626 JACKSONVILLE ROAD SUITE 200 WARMINSTER PA 18974 272268177 OPERATE A HOME CARE AGENCY PA 501(C)(3) LINE 10 MARTINS RUN 0 0 0 0 1 0 0 0 0 0 0 1 1 1 1 1 1 0 1 1