2024-09-27T10:01:22-07:00 2024-06-30 990 2023-07-01 362540488 WESLEY WILLOWS A METHODIST RETIREMENT HOME WESL 8153161500 4141 N Rockton Avenue Rockford IL 61103 Brett Nelson CFO 8153161592 2024-09-20 1 2023 2024-10-15 13:58:12Z FRANCES SALINAS 4141 N ROCKTON AVE ROCKFORD IL 61103 9067553 0 X www.wesleywillows.org X 1962 IL Wesley Willows provides housing and services for senior citizens with a policy to maintain residents that become unable to pay. Wesley Willows' stated purposes include promoting christian principles for the development and improvement of persons of retirement age, and inspiring seniors to celebrate life. 12 12 299 375 0 0 -187555 2476595 4493627 4776043 1273958 901553 644004 913362 6224034 9067553 0 0 0 0 3964021 4324762 0 0 118371 2642172 2869277 6606193 7194039 -382159 1873514 42815501 47058832 2308871 2071470 40506630 44987362 Wesley Willows' mission statement is "We promote active, secure lifestyles for seniors through ongoing personalized care". Wesley Willows' cause statement is "Inspiring seniors to celebrate life". 0 0 6847043 4776043 Wesley Willows provides housing and related services for approximately 150 senior citizens with a policy to maintain residents that become unable to pay. Related services include laundry, housekeeping, meals, nursing, programming activities, transportation and chaplaincy. Wesley Willows' purpose is to promote christian principles for the intellectual, moral, spiritual and physical development and improvement of persons of retirement age, including the promotion of harmony, health and happiness of such persons in accordance with Wesley Willows' mission statement: We promote active, secure lifestyles for seniors through ongoing personalized care; and cause statement: Inspiring seniors to celebrate life. 0 0 0 6847043 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 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 1 0 0 0 1 19 0 1 299 1 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Brett Nelson 8153161592 4141 N Rockton Avenue Rockford IL 61103 Frances Salinas President & CEO 50 0 X X X 405123 0 28434 WILLIAM PRATT CEO - OUTGOING 40 0 X 356174 0 17025 Brett Nelson Chief Financial Officer 50 0 X 186894 0 16798 Helen Dittmer Chief Clinical Officer 40 0 X 184509 0 17898 Denise Popp Chairperson of the Board 2 0 X X 0 0 0 David Schmitt Vice-Chair 4 0 X X 0 0 0 Jack Croffoot Secretary 2 0 X X 0 0 0 Joseph Garry Board Member 2 0 X 0 0 0 Joe Scandroli Board Member 1 0 X 0 0 0 Joe Clinton Board Member 2 0 X 0 0 0 Dennis Roop Board Member 1 0 X 0 0 0 Don Williams Board Member 2 0 X 0 0 0 Mark McClenathan Board Member 2.5 0 X 0 0 0 Tammy Zurfluh Board Member 1 0 X 0 0 0 Samuel Schmitz Board Member 1.25 0 X 0 0 0 1132700 0 80155 10 0 1 0 0 0 0 0 -635485 0 3112080 0 2476595 Net Resident Services 623000 4727942 4727942 0 0 Other Operating Revenue 623000 48101 48101 0 0 0 0 0 0 4776043 1343861 0 0 1343861 0 0 0 0 0 0 0 0 0 0 -442308 0 0 0 -442308 0 -442308 -442308 0 0 0 Amortization of Entrance Fees 623000 144103 144103 0 0 Interest Income from Related Organization 623000 554459 554459 0 0 Management Fee for Service Provided 623000 214800 214800 0 0 0 0 0 0 913362 9067553 5247097 0 1343861 0 0 0 0 0 0 0 0 948190 948190 0 0 0 0 0 0 2665621 2665621 0 0 53318 53318 0 0 409084 409084 0 0 248549 248549 0 0 0 0 0 0 54334 54334 0 0 2000 2000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2300 2300 0 0 150013 150013 0 0 89505 89505 0 0 0 0 0 0 504643 504643 0 0 8557 8557 0 0 0 0 0 0 0 0 0 0 35080 35080 0 0 0 0 0 0 591565 591565 0 0 157388 157388 0 0 Fund Development and Misc 390541 43545 228625 118371 Food Service Cost 777709 777709 0 0 MAINTENANCE, HOUSEKEEPING & LAUNDRY SUPPLIES 105642 105642 0 0 7194039 6847043 228625 118371 2900 2900 -1419792 2393156 51121 51121 91291 44283 0 0 0 0 4250000 6425000 0 0 44093 182245 14551675 7010431 7374218 7541244 32421670 30418883 0 0 0 0 0 0 0 0 42815501 47058832 975699 965467 0 0 1333172 1106003 0 0 0 0 0 0 0 0 0 0 2308871 2071470 X 36436034 38636666 4070596 6350696 40506630 44987362 42815501 47058832 1873514 2617268 0 0 -10050 0 X 0 1 X 1 0 X 35122 249622 -129631 187555 1621 344289 5554459 5272788 4533847 4493628 4776044 24630766 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5589581 5522410 4404216 4681183 4777665 24975055 0 0 0 0 0 42227 103553 114406 168093 227339 655618 42227 103553 114406 168093 227339 655618 24319437 951412 798445 889485 1279966 1343861 5263169 0 0 0 0 0 951412 798445 889485 1279966 1343861 5263169 0 0 0 0 0 0 0 0 0 0 0 0 6540993 6320855 5293701 5961149 6121526 30238224 0.80426 0.82288 0.17406 0.15853 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12732466 2237950 2269134 0 0 0 17239550 11495859 10050 1226557 0 0 0 12732466 14020192 14907 -2534150 0 5090 0 11495859 10679855 24732 3295474 0 -20131 0 14020192 10389804 145244 398807 0 254000 0 10679855 0.65 0.35 0 0 0 3153983 0 3153983 8924710 0 5734164 3190546 0 0 0 0 2472982 0 1276267 1196715 0 0 0 0 7541244 Schedule D, Part V, Line 4 Wesley Willows endowment funds are used to provide for those residents who have outlived their resources, to provide funds for perpetual building improvements, and to support the chaplaincy program. X X X X 0 0 0 0 0 0 0 0 0 Brett Nelson Chief Financial Officer 159894 0 27000 0 0 0 0 0 0 0 186894 0 0 0 Frances Salinas President & CEO 346998 0 58125 0 0 0 0 0 0 0 405123 0 0 0 WILLIAM PRATT CEO - OUTGOING 295552 0 60621 0 0 0 0 0 0 0 356173 0 0 0 Helen Dittmer Chief Clinical Officer 159009 0 25500 0 0 0 0 0 0 0 184509 0 0 0 Form 990, Part VI, Section B, Line 11b The CFO prepares the form 990 from the combined audited financial reports and copies of the 990 are made available to all board members before filing. The CFO makes a presentation of the return to the finance committee and it is offered to members of the full board before filing. Form 990, Part VI, Section B, Line 12c All board members, executives and key employees are given a copy of the conflict of interest policy each year. Each member completes the conflict of interest annual statement which are reviewed and if a conflict is identified all parties are informed Form 990, Part VI, Section B, Line 15 Compensation for executives is governed by the board of trustees. The board has established a standing executive compensation committee comprised of members of the executive committee who review and set the executive compensation annually. Information from independent external executive compensation firms and industry executive compensations studies are used. Form 990, Part VI, Section C, Line 19 Policies are available upon request and changes are distributed at annual board meetings but generally are not available to the general public. Governing documents are available upon request from the President/CEO. Audited financial reports are available upon request from the CFO. Willows Health Center 4141 N Rockton Avenue Rockford IL 61103 362839091 Health Care IL 501(c)3 9 N/A 0 Willows Cottages 4141 N Rockton Avenue Rockford IL 61103 363531646 Senior Housing IL 501(c)3 9 N/A 0 North Rockford Convalescent Home dba Peterson Meadows 6401 Newburg Road Rockford IL 61108 362182076 Senior Housing IL 501(c)3 9 N/A 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 Willows Health Center o 1921477 Estimated allocations of wages and benefits paid Willows Health Center s 635485 Contributions transferred on need per policy North Rockford Convalescent Home dba Peterson Meadows d 2250000 Principal increase on note as the result of cash flow. North Rockford Convalescent Home dba Peterson Meadows o 983582 Estimated allocation of wages and benefits paid Willows Cottages o 3158945 Estimated allocation of wages and benefits paid North Rockford Convalescent Home dba Peterson Meadows q 769258 Fair market value of management fees and interest expense on note