2025-02-18T09:56:39-06:00 2023-12-31 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2023-01-01 943427437 WESLEY COMMUNITY DEVELOPMENT CORPORATION WESL 9804415123 13816 PROFESSIONAL CENTER DR 200 HUNTERSVILLE NC 28078 JOEL GILLAND PRESIDENT 9804415123 2025-02-17 1 0 OLGA OGANESOV P01279668 3362944494 2025-02-17 2023 2025-03-06 01:10:19Z JOEL GILLAND 13816 PROFESSIONAL CENTER DR 200 HUNTERSVILLE NC 28078 2150984 0 X WWW.WESLEYCDC.COM X 2002 NC WESLEY COMMUNITY DEVELOPMENT IS AN INNOVATIVE, FULL-SERVICE, NON-PROFIT REAL ESTATE FIRM UNIQUELY QUALIFIED TO PARTNER WITH FAITH-BASED ORGANIZATIONS IN HELPING THEM REIMAGINE, REPURPOSE, AND REDEVELOP THEIR PHYSICAL ASSETS TO LIVE INTO THEIR VISION. 9 9 12 9 0 0 1327784 590890 1495830 1482552 13999 67356 7345 6960 2844958 2147758 0 0 0 0 1145210 1143258 0 0 0 753128 737224 1898338 1880482 946620 267276 4668726 4882884 1568397 1477868 3100329 3405016 WESLEY COMMUNITY DEVELOPMENT IS AN INNOVATIVE, FULL-SERVICE, NON-PROFIT REAL ESTATE FIRM UNIQUELY QUALIFIED TO PARTNER WITH FAITH-BASED ORGANIZATIONS IN HELPING THEM REIMAGINE, REPURPOSE, AND REDEVELOP THEIR PHYSICAL ASSETS TO LIVE INTO THEIR VISION. 0 0 577701 516943 REAL ESTATE DEVELOPMENT AND ASSET MANAGEMENT - CONSTRUCTION/DEVELOPMENTOF AFFORDABLE HOUSING UNITS AND RENTAL OF LOW INCOME MULTIFAMILY HOUSING IN WESTERN NORTH CAROLINA. 1024233 972569 CHURCH ADVISORY, BROKERAGE AND ASSET MANAGEMENT - WORKING WITH CHURCHES ON CHURCH CAMPUS DEVELOPMENT, BROKERAGE, AND PROPERTY ASSET MANAGEMENT TO DEVELOP OR REPURPOSE REAL ESTATE TO MEET THE NEEDS OF THE CHURCH AND COMMUNITY IN RURAL AREAS OF NORTH CAROLINA AND BEYOND. 1601934 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 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 1 0 0 0 1 66 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 1 1 0 X JOEL GILLAND 9804415123 13816 PROFESSIONAL CENTER DRIVE HUNTERSVILLE NC 28078 REV RANDOLPH HARRY BOARD CHAIR 1.00 X X 0 0 0 REV DAVID HIATT VICE CHAIR 1.00 X X 0 0 0 REV WILLETTA AR-RAHMAAN SECRETARY 1.00 X X 0 0 0 RICHARD WOODS DIRECTOR 1.00 X 0 0 0 PHILIP JONES DIRECTOR 1.00 X 0 0 0 RICKY LEFFT DIRECTOR 1.00 X 0 0 0 REV MARK KING DIRECTOR 1.00 X 0 0 0 REV DON PETTIGREW DIRECTOR 1.00 X 0 0 0 REV LYNDA FERGUSON DIRECTOR 1.00 X 0 0 0 JOEL GILLAND PRESIDENT/CEO 38.00 X 252593 0 34083 BRANDI TURNER VP OF FINANCE AND OPERATIONS 38.00 X 129010 0 26432 CHADWICK BRANNAN DIRECTOR OF CONSTRUCTION AND DEVELOPMENT 38.00 X 132046 0 10971 MACK KING IV SENIOR DIRECTOR OF REAL ESTATE SERVICES 38.00 X 115960 0 22931 629609 0 94417 4 0 1 0 0 120890 470000 590890 CONSULTING FEES 531390 412711 412711 DEVELOPER AND INCENTIV 531390 398747 398747 PROPERTY MANAGEMENT FE 531390 288754 288754 RENTAL INCOME 531390 249943 249943 REAL ESTATE COMMISSION 531390 132397 132397 1482552 70582 70582 3226 -3226 -3226 -3226 MISCELLANEOUS INCOME 900099 6960 6960 6960 2147758 1489512 0 67356 442118 366818 75300 701140 589880 111260 1475 1475 17899 14620 3279 2733 2733 4795 4795 38183 32072 6111 20175 20175 114425 80097 34328 RENTAL PROGRAM EXPENSES 285155 285155 REAL ESTATE SALES EXPEN 75615 75615 CHURCH ADVISORY AND SUP 49401 49401 MISCALLANEOUS EXPENSE 49283 42475 6808 78085 39356 38729 1880482 1601934 278548 0 1432672 676503 12999 59587 30700 15198 34099 2387719 755091 1682568 1632628 1298940 2296912 1358 1305 224991 151150 4668726 4882884 48059 34021 4277 4382 1467869 1429459 48192 10006 1568397 1477868 X 2307348 2703033 792981 701983 3100329 3405016 4668726 4882884 267276 37411 0 X 0 1 X 1 1 1 X 90362 226018 101975 184463 120890 723708 90362 226018 101975 184463 120890 723708 723708 11023 6450 15757 21162 70582 124974 848682 6170084 0.85270 0.91380 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: REAL ESTATE DEVELOPMENT SUPPORT TO THE CHURCH LEGACY INITIATIVE DATE: 05/03/22 AMOUNT: 375000. DESCRIPTION: REAL ESTATE DEVELOPMENT SUPPORT TO THE CHURCH LEGACY INITIATIVE DATE: 07/19/21 AMOUNT: 400000. DESCRIPTION: REAL ESTATE DEVELOPMENT SUPPORT TO THE CHURCH LEGACY INITIATIVE DATE: 04/29/20 AMOUNT: 622500. DESCRIPTION: REAL ESTATE DEVELOPMENT SUPPORT TO THE CHURCH LEGACY INITIATIVE DATE: 04/02/19 AMOUNT: 637700. DESCRIPTION: REAL ESTATE DEVELOPMENT SUPPORT TO THE CHURCH LEGACY INITIATIVE DATE: 10/21/22 AMOUNT: 768321. DESCRIPTION: REAL ESTATE DEVELOPMENT SUPPORT TO THE CHURCH LEGACY INITIATIVE DATE: 08/14/23 AMOUNT: 470000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 122864 122864 1826223 600453 1225770 127565 20178 107387 206061 102624 103437 105006 31836 73170 1632628 UNITED METHODIST FOUNDATION 2296912 F 2296912 TENANT SECURITY DEPOSITS 10006 10006 X PART X, LINE 2: IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2023 AND 2022. 0 0 0 0 0 0 0 0 0 JOEL GILLAND PRESIDENT/CEO 191485 0 61108 0 0 0 18901 0 15182 0 286676 0 0 0 BRANDI TURNER VP OF FINANCE AND OPERATIONS 115396 0 13614 0 0 0 11250 0 15182 0 155442 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE ORGANIZATION'S PRESIDENT/CEO AND VICE-PRESIDENT OF FINANCE AND OPERATIONS, AFTER WHICH A COPY OF FORM 990 IS MADE AVAILABLE TO THE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 15 THE PERSONNEL COMMITTEE REVIEWED THE SALARY OF THE PRESIDENT. MEMBERS OF THE PERSONNEL COMMITTEE HAD ACCESS TO COMPENSATION OF THE PRESIDENT/CEO OF A NUMBER OF SIMILAR SIZE ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. 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