2022-11-07T09:58:53-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2021-01-01 823901394 WESLEY HOMES PIERCE COUNTY WESL 2068701260 815 SOUTH 216TH STREET DES MOINES WA 98198 JIM YAMAMOTO VICE PRESIDENT OF FINANCE 2068701260 2022-11-03 1 JIM YAMAMOTO 999009999 KURT BENNION CPA P01469618 4252506100 2022-11-03 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z KEVIN ANDERSON 815 SOUTH 216TH STREET DES MOINES WA 98198 1685200 0 X WWW.WESLEYCHOICE.ORG X 2018 WA TO PROVIDE RENTAL HOUSING AND RELATED SERVICES TO SENIORS. 4 3 17 4 0 0 0 0 18117 1678743 32542 6443 0 14 50659 1685200 0 0 0 0 136532 524513 0 0 0 340070 7688491 476602 8213004 -425943 -6527804 93602125 105823745 83722182 102471606 9879943 3352139 TO PLAN, DEVELOP AND OPERATE A SENIOR HOUSING CAMPUS IN PIERCE COUNTY, WASHINGTON, THAT WILL PROVIDE RENTAL HOUSING AND RELATED SERVICES TO SENIORS. 0 0 8051602 0 1678743 WESLEY HOMES TEHALEH AT PIERCE COUNTY SERVES AN AVERAGE OF 83 SENIORS AT ANY ONE TIME IN INDEPENDENT APARTMENTS, BROWNSTONE CATERED LIVING AND ASSISTED LIVING. THIS CAMPUS EMPLOYS APPROXIMATELY 12 EMPLOYEES. WITH FULLY REFUNDABLE ENTRANCE DEPOSITS AND MODERATE MONTHLY FEES. THIS CAMPUS IS AFFORDABLE TO INDIVIDUALS OF MODEST MEANS WHILE PROVIDING HIGH QUALITY PROGRAMS AND AMENITIES TO PROMOTE ACTIVE AND HEALTHY AGING. 8051602 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X SYED RASHID 2068701310 815 SOUTH 216TH STREET DES MOINES WA 98198 X KEVIN ANDERSON PRESIDENT 1.00 X X 0 0 0 ED ROGEL CHAIR 1.00 X X 0 0 0 DANIEL LINDH VICE PRESIDENT 1.00 X X 0 0 0 MARK MEYER TREASURER (THROUGH...) 1.00 X X 0 0 0 NORMAN WENCK SECRETARY/TREASURER 1.00 X X 0 0 0 JIM YAMAMOTO VP OF FINANCE 1.00 X 0 0 0 0 0 0 0 0 0 0 RYAN COMPANIES US INC 110 110TH AVENUE NE SUITE 100 BELLEVUE WA 98004 CONSTRUCTION 21418298 SENIOR HOUSING PARTNERS 3116 FAIRVIEW AVENUE N ROSEVILLE MN 55113 CONSULTING SERVICES 615930 MORRISON MANAGEMENT SERVICES PO BOX 102289 ATLANTA GA 30368 FOOD SERVICES 338171 CUNNINGHAM GROUP ARCHITECTURE 201 MAIN STREET SE STE 325 MINNEAPOLIS MN 55414 ARCHITECTURAL SERVICES 168092 HAMLIN CAPITAL ADVISORS LLC 5550 W EXECUTIVE DR STE 235 TAMPA FL 33609 CONSULTING SERVICES 156528 5 RESIDENT REVENUE 623990 1487486 1487486 ANCILLARY INCOME 623990 191257 191257 1678743 6443 6443 MISCELLANEOUS INCOME 900099 14 14 14 1685200 1487486 0 197714 466639 415007 51632 22558 20062 2496 35316 31408 3908 84844 81723 3121 1243 1243 1575 1575 473111 455708 17403 406670 381707 24963 49360 46330 3030 1705 1600 105 422248 396329 25919 77 72 5 3366164 3366164 2695914 2679249 16665 48352 47437 915 SUPPLIES 106793 100238 6555 MISCELLANEOUS EXPENSES 14788 13881 907 DUES & SUBSCRIPTIONS 8328 7817 511 TAXES & LICENSES 7319 6870 449 8213004 8051602 161402 0 568268 1352089 219605 7947 95611965 2751992 73005946 92859973 20027911 11384131 93602125 105823745 5158333 5564546 77305226 87576219 1258623 9330841 83722182 102471606 X 9879943 3352139 9879943 3352139 93602125 105823745 -6527804 0 X 0 0 0 X 10410000 10410000 18117 1678743 1696860 10410000 18117 1678743 12106860 0 0 0 12106860 28280 32542 6443 67265 28280 32542 6443 67265 14 14 10438280 50659 1685200 12174139 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME 0 1 X 4979017 4979017 88439535 2664194 85775341 1543569 87798 1455771 649844 649844 92859973 RESIDENCY FEE DEPOSITS 425359 ASSETS RESTRICTED AS TO USE - BOND FUNDS 10958772 11384131 PART IV, LINE 2B: THE ORGANIZATION HOLDS REFUNDABLE ADVANCE DEPOSITS FOR POTENTIAL RESIDENTS ONCE THE FACILITY CONSTRUCTION IS COMPLETED. IF A PERSON DECIDES THEY DO NOT WISH TO MOVE INTO THE FACILITY BEFORE A CONTRACT IS SIGNED, THEIR DEPOSIT LESS $5,000 IS REFUNDED. A WASHINGTON STATE HOUSING FINANCE COMMISSION 911874730 939783YK6 2019-07-25 98700000 FACILITY CONSTRUCTION 0 0 0 A 8000000 98700000 5482490 4448907 2775635 2464331 81558725 1533820 0 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 3 WESLEY HOMES PROVIDES MANAGEMENT SERVICES FOR WESLEY HOMES PIERCE COUNTY. WESLEY HOMES PROVIDES FINANCIAL ACCOUNTING, OPERATIONAL OVERSIGHT, HUMAN RESOURCES, INFORMATION TECHNOLOGY, CORPORATE COMPLIANCE, COORDINATED ADVERTISING AND MARKETING, AND NEW BUSINESS DEVELOPMENT. KEVIN ANDERSON AND JIM YAMAMOTO ARE THE PRESIDENT/CEO AND VICE PRESIDENT OF FINANCE, RESPECTIVELY, OF WESLEY HOMES. THEIR 2021 COMPENSATION FROM WESLEY HOMES, INCLUDING NONTAXABLE BENEFITS ARE AS FOLLOWS: KEVIN ANDERSON - $371,587 JIM YAMAMOTO - $192,036 A PORTION OF THOSE COMPENSATION AMOUNTS ARE FOR SERVICES PROVIDED TO WESLEY HOMES PIERCE COUNTY. FORM 990, PART VI, SECTION A, LINE 6 WESLEY HOMES PIERCE COUNTY HAS TWO MEMBERS, EACH WITH AN EQUAL 50% MEMBERSHIP INTEREST: WESLEY HOMES, A WASHINGTON NONPROFIT CORPORATION, AND PRESBYTERIAN HOMES AND SERVICES, A MINNESOTA NONPROFIT CORPORATION. BOTH MEMBERS ARE 501(C)(3) ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS THE POWER TO APPOINT OR REPLACE TWO MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B WESLEY HOMES, ONE OF THE MEMBERS, HAS THE RIGHT TO APPOINT THE CHAIR OF THE BOARD OF DIRECTORS. THE PRESIDENT/CEO OF WESLEY HOME ALSO SERVES AS THE PRESIDENT OF WESLEY HOMES PIERCE COUNTY. THE CFO OF PRESBYTERIAN HOMES AND SERVICES, THE OTHER MEMBER, SERVES AS THE TREASURER OF WESLEY HOMES PIERCE COUNTY. AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS REQUIRE APPROVAL OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWED IN DETAIL THE FORM 990. A COPY OF THE 990 WAS PRESENTED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C WESLEY HOMES PIERCE COUNTY HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO ALL OFFICERS, BOARD MEMBERS, AND MEMBERS OF COMMITTEES WITH BOARD-DESIGNATED POWERS. IF AN INDIVIDUAL HAS A POTENTIAL CONFLICT OF INTEREST RELATED TO A TRANSACTION, THEY DISCLOSE ITS EXISTENCE AND ARE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OR COMMITTEE CONTEMPLATING A TRANSACTION. AFTER SUCH DISCLOSURE, THE INDIVIDUAL LEAVES THE MEETING WHILE THE REMAINING BOARD OR COMMITTEE MEMBERS DETERMINE WHETHER A CONFLICT EXISTS AND VOTE ON WHETHER TO ENTER SUCH TRANSACTION. THE BOARD OR COMMITTEE CHAIR MAY DESIGNATE A DISINTERESTED PERSON TO EVALUATE ALTERNATIVES THAT DO NOT INVOLVE A CONFLICT OF INTEREST. IF THE BOARD OR A COMMITTEE HAS REASON TO BELIEVE AN INDIVIDUAL HAS VIOLATED THE CONFLICT OF INTEREST POLICY, THE INDIVIDUAL IS GIVEN THE OPPORTUNITY TO RESPOND, AFTER WHICH THE BOARD OR COMMITTEE DETERMINES WHETHER A VIOLATION HAS OCCURRED AND TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION C, LINE 19 WESLEY HOMES PIERCE COUNTY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.