2024-07-30T10:07:02-05:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-01-01 232090256 MARTINS RUN MART 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 MAIN LINE JEFF PETTY 626 JACKSONVILLE ROAD 200 WARMINSTER PA 18974 18964858 0 X WWW.WEL.ORG X 1978 PA THE ORGANIZATION OPERATES A NON-PROFIT CONTINUING CARE RETIREMENT COMMUNITY, INCLUDING INDEPENDENT APARTMENTS, PERSONAL CARE APARTMENTS, AND A SKILLED NURSING FACILITY. 3 0 370 0 0 0 297620 139242 16737708 17951214 117803 173542 262991 224687 17416122 18488685 32881 68134 0 0 9356565 9769169 0 0 0 9713493 10145343 19102939 19982646 -1686817 -1493961 45631014 44472708 52181419 52181477 -6550405 -7708769 TO MAKE A COMPELLING DIFFERENCE IN THE LIVES OF OUR RESIDENTS THROUGH PROVIDING EXCELLENCE AND INNOVATION IN AGING SERVICES. 0 0 15150558 68134 17951214 THE ORGANIZATION OPERATES A NON-PROFIT CONTINUING CARE RETIREMENT COMMUNITY, WHICH INCLUDES THREE LEVELS OF CARE: INDEPENDENT LIVING, PERSONAL CARE AND A SKILLED NURSING FACILITY CONSISTING OF 161 INDEPENDENT APARTMENTS, 30 PERSONAL CARE UNITS, AND A 60 BED SKILLED NURSING FACILITY. 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. OCCUPANCY FOR THE YEAR WAS 96.27% FOR INDEPENDENT LIVING, 89.21% FOR PERSONAL CARE AND 90.30% FOR NURSING. 15150558 1 1 0 0 0 0 0 1 1 1 1 0 0 0 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 1 1 0 0 1 28 0 370 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 PA 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 MIKE DESTEFON EXECUTIVE DIRECTOR (UNTIL 02/23) 40.00 X X 20576 193486 16529 JOHN ODIKE SECRETARY/TREASURER 1.00 44.00 X X 0 198887 12317 DAN HOOD EXECUTIVE DIRECTOR 40.00 X X 143464 0 6959 BRENDA MCVEY SALES MANAGER 40.10 X 175773 0 7369 KIMBERLY ANN RATLIFF DIRECTOR OF NURSING 40.00 X 125424 0 13223 SHAWN FONTAINE LEAD GENERAL MANAGER OF DINING 40.00 X 114007 0 12821 MARIBEL APARENTADO PHYSICAL THERAPIST 40.00 X 110224 0 12259 TAMARA JOHNSON DIR. PERS. CARE & RESIDENT SVCS. 40.40 X 109703 0 12194 799171 1033168 117078 6 0 1 0 EBM CONSTRUCTION 8 NORTH RIDGEWAY AVENUE GLENOLDEN PA 19036 CONSTRUCTION/RENOVATION SERVICES 1276267 HUTCHISON 621 CHAPEL AVENUE CHERRY HILL NJ 08034 MECHANICAL CONTRACTOR 141770 SAXTON & STUMP LLC 280 GRANITE RUN DRIVE LANCASTER PA 17601 LEGAL SERVICES 139047 3 16055 123187 139242 SKILLED NURSING 623000 7792805 7792805 INDEPENDENT LIVING 623000 5215582 5215582 ENTRANCE FEE AMORTIZATION 623000 2585539 2585539 PERSONAL CARE 623000 2252271 2252271 ASSESSMENT FEES 623000 105017 105017 17951214 207647 207647 442 0 442 442 442 442068 476173 -34105 -34105 -34105 DINING REVENUE 900099 146332 146332 TELEPHONE REVENUE 900099 21566 21566 TRANSPORTATION REVENUE 900099 16040 16040 40307 40307 224245 18488685 17951214 0 398229 68134 68134 150423 150423 7660434 6982972 677462 304124 274990 29134 957116 870297 86819 697072 549151 147921 2100000 2100000 265622 265622 17175 17175 639972 372353 267619 118476 118476 536584 474856 61728 1326999 1292130 34869 11144 5674 5470 1529266 1223353 305913 2298558 1838846 459712 150314 150314 FOOD 707407 707407 MEDICAL SUPPLIES 297229 297229 BAD DEBT 72875 72875 BOOKS/DUES/SUB. 24702 10013 14689 49020 32730 16290 19982646 15150558 4832088 0 284845 104421 468353 556104 175584 246904 48114004 12399630 36329078 35714374 7150560 6638752 1206200 1206200 16394 5953 45631014 44472708 3615105 3265446 11208570 11957482 580661 369872 29497085 29002027 7279998 7586650 52181419 52181477 X -6868755 -8027119 318350 318350 -6550405 -7708769 45631014 44472708 -1493961 335597 0 X 0 1 X 1 0 X 27950 750361 1630003 297620 139242 2845176 13354391 13179563 14674279 16737708 17951214 75897155 13382341 13929924 16304282 17035328 18090456 78742331 0 0 0 78742331 432069 172895 186235 138275 208089 1137563 432069 172895 186235 138275 208089 1137563 211547 153349 176144 261247 224245 1026532 14025957 14256168 16666661 17434850 18522790 80906426 0.97330 0.96840 0.01410 0.01730 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 2,870. 2020 AMOUNT: $ 662. 2021 AMOUNT: $ 12,443. 2022 AMOUNT: $ 13,112. 2023 AMOUNT: $ 33,107. DINING REVENUE - 2019 AMOUNT: $ 163,732. 2020 AMOUNT: $ 93,170. 2021 AMOUNT: $ 117,493. 2022 AMOUNT: $ 121,127. 2023 AMOUNT: $ 146,332. TELEPHONE REVENUE - 2019 AMOUNT: $ 20,409. 2020 AMOUNT: $ 15,847. 2021 AMOUNT: $ 17,233. 2022 AMOUNT: $ 17,952. 2023 AMOUNT: $ 21,566. TRANSPORTATION REVENUE - 2019 AMOUNT: $ 13,673. 2020 AMOUNT: $ 6,790. 2021 AMOUNT: $ 11,062. 2022 AMOUNT: $ 12,506. 2023 AMOUNT: $ 16,040. GUEST STAYS - 2019 AMOUNT: $ 9,400. 2020 AMOUNT: $ 975. 2021 AMOUNT: $ 1,200. 2022 AMOUNT: $ 675. APPLICATION FEES - 2019 AMOUNT: $ 800. HOUSEKEEPING REVENUE - 2019 AMOUNT: $ 538. 2020 AMOUNT: $ 9,873. 2021 AMOUNT: $ 5,190. 2022 AMOUNT: $ 6,214. 2023 AMOUNT: $ 5,067. CONVENIENCE FEES - 2019 AMOUNT: $ 125. INSURANCE REIMBURSEMENT - 2020 AMOUNT: $ 16,032. COMMUNITY FEE - 2020 AMOUNT: $ 10,000. 2021 AMOUNT: $ 10,000. 2022 AMOUNT: $ 87,500. FINANCE CHARGES - 2021 AMOUNT: $ 1,523. 2022 AMOUNT: $ 2,161. 2023 AMOUNT: $ 2,133. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X SPECIAL SERVICES 0 0 1 X 318350 17446 335796 318350 318350 318350 318350 318350 318350 318350 318350 0.00000 0.47480 0.52520 0 0 6350000 6350000 37978954 10414736 27564218 2884123 1864391 1019732 900927 120503 780424 35714374 DUE TO AFFILIATES 5694346 REFUNDABLE ENTRANCE FEES 1877998 RESIDENT PREPAID RENT 14306 7586650 19640790 335597 816508 1152105 18488685 0 18488685 20772028 857516 857516 19914512 68134 68134 19982646 PART III, LINE 4: MARTINS RUN HAS BEEN LOANED, INDEFINITELY, TORAH SCROLLS FROM THE HOLOCAUST. THESE SCROLLS WERE PROTECTED DURING WORLD WAR II AND SUBSEQUENTLY MADE KOSHER. THE SCROLLS ARE USED FOR SPECIAL SERVICES TO CONNECT RESIDENTS WITH THEIR HISTORY. 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 V, LINE 4: THE ENDOWMENT FUNDS ARE TO FURTHER SUPPORT THE MISSION OF WESLEY ENHANCED LIVING MAIN LINE. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION REVENUE 884,642. RESIDENT ASSISTANCE -68,134. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSE 857,516. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESIDENT ASSISTANCE 68,134. 1 MONTHLY FEE ASSISTANCE FOR INDEPENDENT OR PERSONAL CARE RESIDENTS 2 68134 0 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. 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 MIKE DESTEFON EXECUTIVE DIRECTOR (UNTIL 02/23) 20576 170486 0 23000 0 0 0 7720 386 8423 20962 209629 0 0 JOHN ODIKE SECRETARY/TREASURER 0 167387 0 31500 0 0 0 3748 0 8569 0 211204 0 0 BRENDA MCVEY SALES MANAGER 78923 0 96850 0 0 0 6697 0 672 0 183142 0 0 0 DAN HOOD EXECUTIVE DIRECTOR 143464 0 0 0 0 0 0 0 6959 0 150423 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 ORGANIZATION). 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 24514591 REFUNDING AND CAPITAL PROJECTS 0 0 0 A 24514127 2048035 456888 11204431 11381759 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. 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, 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 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. 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 MAPLE VILLAGE DBA WESLEY ENHANCING LIVING UPPER MORELAND 626 JACKSONVILLE ROAD SUITE 200 WARMINSTER PA 18974 232810902 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 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 MARTINS RUN HOME PARTNERS E 994827 COST