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Nonprofit · EIN 23-7046413

WESLEY HOUSING CORP OF MEMPHIS INC

Tax-exempt · CORDOVA, TN 38016

Financials

$3.6M$3.9M2023$3.2M$3.8M2024
Revenue Expenses · by fiscal year end
Financials of WESLEY HOUSING CORP OF MEMPHIS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,208,149$3,773,342-$565,193$7,438,286$1,435,082$6,003,204
December 31, 2023990$3,597,409$3,850,638-$253,229$7,442,980$874,583$6,568,397
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$3,148,368
Investment income
$7,391
Other revenue
$52,390

Expenses

Grants and similar amounts paid
$73,028
Other salaries and wages
$2,017,313
Salaries, compensation and benefits (total)
$2,380,125
Professional fundraising fees
$0
Legal fees
$11,856
Accounting fees
$38,201
Occupancy
$194,212
Depreciation
$66,768
Program services (functional)
$3,511,118
Management and general (functional)
$262,224

Balance sheet and other

Total assets, start of year
$7,442,980
Total assets, end of year
$7,438,286
Total liabilities, end of year
$1,435,082
Net assets, end of year
$6,003,204
Land, buildings and equipment
$115,699
Gross receipts
$3,208,149
Employees
205
Volunteers
12
Year formed
1969
State of legal domicile
TN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
DONALD OLLIONON-VOTING VICE PRESIDENT
Officer
40$214,313$36,946
BRIAN HARRISNON-VOTING PRESIDENT
Officer
40$190,733$37,575
RONALD BUDYNASNON-VOTING VICE PRESIDENT
Officer
40$156,313$16,635
RANDALL SPIVEYACCT DIRECTOR
Highest-paid employee
40$100,550$24,287
ANITA DARNALLDIRECTOR OF HOUSING
Highest-paid employee
40$100,447$20,930
ANDREA MERRIWEATHERSECRETARY/TREASURER
Trustee or director, Officer
2$0$0
FRANK CARNEYDIRECTOR
Trustee or director
2$0$0
J KEATON MORRISDIRECTOR
Trustee or director
2$0$0
MICHAEL W WINTERDIRECTOR
Trustee or director
2$0$0
NANCY BLAIR BONKDIRECTOR
Trustee or director
2$0$0
REV DAVID WEATHERLYCHAIRPERSON
Trustee or director, Officer
2$0$0
ROSALYN ROSSDIRECTOR
Trustee or director
2$0$0
SANDI ALLENDIRECTOR
Trustee or director
2$0$0
STEVE MITCHENERVICE CHAIRPERSON
Trustee or director, Officer
2$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationOther / benefits
DONALD OLLIONON-VOTING VICE PRESIDENT AND CFO
Officer
40$207,400$34,858
BRIAN HARRISNON-VOTING PRESIDENT
Officer
40$185,353$32,297
RONALD BUDYNASNON-VOTING VICE PRESIDENT
Officer
40$150,840$16,040
SANDI ALLENCHAIRPERSON
Trustee or director, Officer
2$0$0
REV BERNARDO ZAPATAVICE CHAIRPERSON
Trustee or director, Officer
2$0$0
NANCY BLAIR BONKDIRECTOR
Trustee or director
2$0$0
DAMONN RUSSELLDIRECTOR
Trustee or director
2$0$0
FRANK CARNEYDIRECTOR
Trustee or director
2$0$0
J KEATON MORRISDIRECTOR
Trustee or director
2$0$0
STEVE MITCHENERDIRECTOR
Trustee or director
2$0$0
ANDREA MERRIWEATHERDIRECTOR
Trustee or director
2$0$0
WILLIAM DANIELSDIRECTOR
Trustee or director
2$0$0
REV DAVID WEATHERLYNON-VOTING SECRETARY/TREAS
Officer
2$0$0

Address and contacts

Address (IRS master file)
1615 APPLING RD, CORDOVA, TN 38016-4907
In care of
% MARX AND BENSDORF
Principal officer (990 for 2024)
BRIAN HARRIS, 1615 APPLING ROAD, CORDOVA, TN 38016
Signed the 990
DONALD D OLLIO JR, CFO
Phone
(901) 380-4900
Return prepared by
DAUBY O'CONNOR & ZALESKI LLC

Mission

WESLEY HOUSING CORPORATION OF MEMPHIS, INC. IS A TENNESSEE NOT-FOR-PROFIT CORPORATION WHICH PROVIDES PROPERTY MANAGEMENT, DEVELOPMENT, AND RELATED SERVICES. AS OF DECEMBER 31, 2023, MANAGEMENT, DEVELOPMENT, AND RELATED SERVICES ARE PROVIDED TO THIRTY-FOUR AFFILIATED AND UNAFFILIATED CORPORATIONS.

990 for the year ended December 31, 2024

Program accomplishments

  • WESLEY HOUSING CORPORATION OF MEMPHIS, INC. IS A TENNESSEE NOT-FOR-PROFIT CORPORATION WHICH PROVIDES PROPERTY MANAGEMENT, DEVELOPMENT, AND RELATED SERVICES. AS OF DECEMBER 31, 2023, MANAGEMENT, DEVELOPMENT, AND RELATED SERVICES ARE PROVIDED TO THIRTY-FOUR AFFILIATED AND UNAFFILIATED CORPORATIONS.
    Expenses $3,511,118 · grants $73,028 · revenue $3,200,758

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7046413
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1970
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E92Z)
Assets (IRS master file)
$7,438,286
Income (IRS master file)
$3,208,149

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,208,149$3,773,342$7,438,286XML
990December 2023$3,597,409$3,850,638$7,442,980XML
990December 2022$5,385,611$3,788,700$7,157,368IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7046413).

Questions about WESLEY HOUSING CORP OF MEMPHIS INC

What is the EIN of WESLEY HOUSING CORP OF MEMPHIS INC?
The employer identification number (EIN) of WESLEY HOUSING CORP OF MEMPHIS INC is 23-7046413.
Is WESLEY HOUSING CORP OF MEMPHIS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1970.
Are donations to WESLEY HOUSING CORP OF MEMPHIS INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does WESLEY HOUSING CORP OF MEMPHIS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of WESLEY HOUSING CORP OF MEMPHIS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WESLEY HOUSING CORP OF MEMPHIS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of WESLEY HOUSING CORP OF MEMPHIS INC?
The 990 for the year ended December 31, 2024 names BRIAN HARRIS.
Who are the officers and directors of WESLEY HOUSING CORP OF MEMPHIS INC?
The 990 for the year ended December 31, 2024 lists 14 people; 5 received compensation from the organization, the highest $214,313 (DONALD OLLIO, NON-VOTING VICE PRESIDENT).
How much revenue does WESLEY HOUSING CORP OF MEMPHIS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,208,149, expenses of $3,773,342 and total assets of $7,438,286 at year end.

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