2025-11-14T16:30:17-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2024-01-01 420680440 WESLEY RETIREMENT SERVICES INC WESL 5152716789 5508 NW 88TH ST JOHNSTON IA 50131 CRAIG FLANAGAN CFO 5152716789 2025-11-14 1 0 ANN NEIL P01817922 6123764500 2025-11-14 2024 2025-03-06 01:10:19Z ROB KRETZINGER 5508 NW 88TH ST JOHNSTON IA 50131 112919128 0 X WWW.WESLEYLIFE.ORG X 1947 IA PROVIDING HOUSING, HEALTH CARE, AND SUPPORT SERVICES FOR OLDER ADULTS. 12 12 3189 500 0 0 2944007 1908392 99892294 105561863 4160421 3236500 0 0 106996722 110706755 0 0 0 0 58115421 63848042 0 0 848156 44284093 44890071 102399514 108738113 4597208 1968642 306578903 329365593 284700142 297019067 21878761 32346526 X GUIDED BY CHRISTIAN COMPASSION, WESLEYLIFE SUPPORTS THE INDEPENDENCE, HEALTH, AND WELL-BEING OF OLDER ADULTS WHEREVER THEY CALL HOME. AS A NON-PROFIT ORGANIZATION, WE UNDERSTAND OUR RESPONSIBILITY AND OBLIGATION TO OPERATE WITH TRANSPARENCY, HONESTY, AND INTEGRITY IN ALL WE DO. OUR ORGANIZATIONAL CORE VALUES ARE QUALITY, EXCELLENCE, HOSPITALITY AND INNOVATION. WE ARE COMMITTED TO BE GOOD STEWARDS OF OUR RESIDENTS' RESOURCES TO IMPROVE THE LIVES OF THOSE WE SERVE. 0 0 99462750 0 104602389 OUR COMMUNITY BENEFITS FROM 2024 INCLUDE: -ACROSS THE ORGANIZATION, NEARLY 400 RESIDENTS WHO DEPLETED THEIR FINANCIAL RESOURCES THROUGH NO FAULT OF THEIR OWN RECEIVED A TOTAL OF $4,354,793 IN CHARITABLE ASSISTANCE THROUGH GOOD SAMARITAN OR GOOD SHEPHERD FUNDS TO ALLOW THEM TO REMAIN IN THEIR APARTMENTS OR TOWNHOMES.WESLEYLLIFE WIDE TOTA CHARITY CARE WAS $6,549,809.-IN 2024, IN INCREASING OUR REACH TO UNDERSERVED COMMUNITY MEMBERS, MEDICAID DAYS INCREASED BY 10% OVER LAST YEAR TO 72,776 DAYS. -COMMUNITY MEMBERS PARTICIPATED IN VARIOUS SUPPORT GROUPS OFFERED AT OUR COMMUNITIES, INCLUDING GROUPS FOR THOSE LIVING WITH ALZHEIMER'S DISEASE AND OTHER DEMENTIAS AS WELL AS CANCER AND PARKINSON'S DISEASE, AND SEVERAL OF OUR COMMUNITIES ALSO OFFER ROCK STEADY BOXING, A NATIONALLY RECOGNIZED CURRICULUM THAT CAN SLOW THE PROGRESSION OF PARKINSON'S. GROUPS ARE ALSO OPEN TO RESIDENTS' CAREGIVERS AND LOVED ONES.-WE OFFERED LUNCH-AND-LEARNS AND OTHER EDUCATIONAL PROGRAMMING DESIGNED TO PROMOTE HEALTH AND WELL-BEING AMONG OUR RESIDENTS, CLIENTS, AND TEAM MEMBERS.-MORE THAN 494 VOLUNTEERS PROVIDED MORE THAN 19,300 VOLUNTEER HOURS TO RESIDENTS, CLIENTS, AND TEAM MEMBERS. AS WE ARE INTEGRATED MEMBERS OF THE GREATER COMMUNITIES IN WHICH WE ARE LOCATED, OUR IMPACT DOES NOT STOP AT OUR DOORS. WE COLLECTED AND DONATED CLOTHING, COATS, BOOKS, HOUSEHOLD AND CLEANING SUPPLIES, PET FOOD, AND MORE TO AREA CHARITIES. 99462750 1 1 0 0 0 0 0 0 1 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 262 0 1 3189 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X X CRAIG FLANAGAN CFO 5152716789 5508 NW 88TH ST JOHNSTON IA 50131 X CHAD RASMUSSEN CHAIR 1.00 4.00 X X 0 0 0 SUSAN OSWEILER SECRETARY/TREASURER 1.00 4.00 X X 0 0 0 CHRISTINA TAYLOR CHIEF MEDICAL OFFICER 1.00 4.00 X X 0 0 0 KIP ALBERTSON DIRECTOR 1.00 4.00 X X 0 0 0 KARI COOLING DIRECTOR 1.00 4.00 X X 0 0 0 NICK HENDERSON DIRECTOR 1.00 4.00 X X 0 0 0 BARBARA DECKER DIRECTOR 1.00 4.00 X X 0 0 0 BOB RUCH DIRECTOR 1.00 4.00 X X 0 0 0 DAVID STOUT DIRECTOR 1.00 4.00 X X 0 0 0 LAURA JACKSON DIRECTOR 1.00 4.00 X X 0 0 0 JOHN MOORLACH DIRECTOR 1.00 4.00 X X 0 0 0 RICH WILLIS DIRECTOR 1.00 4.00 X X 0 0 0 ROB KRETZINGER PRESIDENT & CEO 26.00 14.00 X 494209 404353 61972 CRAIG FLANAGAN CFO 26.00 14.00 X 189235 154829 30002 ALLISON MERCURIS PENDROY COO 26.00 14.00 X 213057 154950 59225 DAMON BUSKOHL WESLEY ON GRAND EXECUTIVE DIR 40.00 0.00 X 214648 0 39304 NANCY BLOWERS-HAMILTON COTTAGES EXECUTIVE DIRECTO 40.00 0.00 X 162558 0 36918 ABBY HARLACHER EDGEWATER EXECUTIVE DIRECT 40.00 0.00 X 140232 0 22260 PETER GRAY HERITAGE HOUSE EXECUTIVE D 40.00 0.00 X 151874 0 26239 HEATHER VENZ-FRANK THE VILLAGE EXECUTIVE DIRE 40.00 0.00 X 141990 0 30025 TERESA KRUEGER BRIO EXECUTIVE DIRECTOR 40.00 0.00 X 128016 0 2958 VANI TSCHANTZ ED HALCYON HOUSE 40.00 0.00 X 133865 0 34744 1969684 714132 343647 10 0 1 0 SELECT REHABILITATION PO BOX 71985 CHICAGO IL 60694 THERAPY SERVICES 1849845 AEGIS THERAPIES INC 4933 OLD GREENWOOD ROAD FORT SMITH AR 72903 THERAPY SERVICES 1287921 WALDINGER CORPORATION PO BOX 1612 DES MOINES IA 50306 CONSTRUCTION CONT. 747392 POPE ARCHITECTS INC 767 N EUSTIS STREET ST PAUL MN 55114 CONTRACTOR 730037 CLIPBOARD HEALTH PO BOX 103125 PASSADENA CA 91189 NURSING SERVICES 644986 27 1908392 1908392 HEALTH CARE SERVICES 624100 93641150 93641150 OTHER RESIDENT SERVICES 624100 10896860 10896860 MEALS INCOME 624100 1023853 1023853 105561863 2580870 2580870 2868003 2165116 47257 702887 -47257 655630 655630 110706755 105561863 0 3236500 1416468 1062351 354117 51271529 47089844 3772685 409000 912203 849709 54653 7841 6403030 5883051 468795 51184 3844812 3516850 297973 29989 3899 3567 302 30 17088 15631 1324 133 2428373 2221233 188199 18941 512636 468908 39729 3999 1389298 1270791 107670 10837 1791715 1638882 138858 13975 8750430 8004019 678158 68253 215511 197128 16702 1681 272506 249261 21119 2126 5826439 5329444 451549 45446 13907551 12721237 1077835 108479 1981063 1812079 153532 15452 FOOD 5569786 5094684 431658 43444 MEDICAL SUPPLIES 935752 855932 72521 7299 EMPLOYEE RECRUITMENT 770969 705205 59750 6014 SUPPLIES & EQUIPMENT 46453 42491 3600 362 470602 430453 36478 3671 108738113 99462750 8427207 848156 1882820 5196924 1488560 3405007 1331960 1158067 6782466 6222246 489028 506863 198385 250143 369383612 162090317 203860028 207293295 49882171 50447789 18650164 19949659 22013321 34935600 306578903 329365593 6214619 11821474 19046272 20209211 155902188 151036385 99108124 102502257 2500034 8206660 1928905 3243080 284700142 297019067 X 3914162 10987373 17964599 21359153 21878761 32346526 306578903 329365593 X 1968642 4826875 3672248 X X 0 1 X 1 1 1 X 9416378 2737103 2423926 2944007 1761521 19282935 78929515 83077914 90336775 99892294 105561863 457798361 88345893 85815017 92760701 102836301 107323384 477081296 26580 14950 10830 52360 0 26580 14950 10830 52360 477028936 3037881 4892469 -891181 4159195 -373099 10825265 3037881 4892469 -891181 4159195 -373099 10825265 91383774 90707486 91869520 106995496 106950285 487906561 0.97770 0.96900 0.02220 0.03090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 24469785 1564162 2031060 28065007 20213142 1790938 2465705 24469785 20888449 1790398 -2465705 20213142 16606854 2367290 1914305 20888449 10982535 3806388 1817931 16606854 1.00000 0 0 6128158 6128158 312848614 139971378 172877236 16859191 6216968 10642223 21844704 15901971 5942733 11702945 11702945 207293295 BENEFICIAL INTEREST IN PERPETUAL TRUST 19757931 F ASSETS HELD IN CHARITABLE TRUST 191728 F 19949659 BOND FUNDS 1776985 INTERCOMPANY RECEIVABLES 33118614 ROU ASSET 40001 34935600 CHARITABLE REMAINDER TRUST LIABILITY 63259 ANNUITY PAYMENT LIABILITY 1470 ASSET RETIREMENT OBLIGATION 108272 ENTRY FEE ESCROW DEPOSITS 3030079 ROU LEASE LIABILITY 40000 3243080 X PART IV, LINE 2B: REPAYABLE ENTRY FEES ARE USED IN THE NEWER COMMUNITIES OR WITH MORE RECENT BUILDING OR REMODELING ADDITIONS AT THE OLDER CAMPUSES. IT FEATURES A DECLINING REFUND WITH A MINIMUM REFUND %. THE MINIMUM REFUND WILL VARY FROM 50%, 70%, 75% OR 90% DEPENDING ON THE CAMPUS AND THE LIVING UNITS. THE REFUNDS ARE CONTINGENT UPON THE RECEIPT OF A SUCCESSOR ENTRY FEE. THIS IS THE PREDOMINANT ENTRY FEE TYPE AT THE VILLAGE, WESLEY ON GRAND, PARK CENTRE AND THE TOWNHOMES AT HALCYON HOUSE. THE EDGEWATER FACILITY DOES NOT REFUND THE ENTRANCE FEE UNTIL BOTH THE UNIT HAS BEEN RENTED BY A SUCCESSOR AND THE RESIDENT IS NO LONGER LIVING AT THE FACILITY. BRIO IS MAINLY A RENTAL FACILITY BUT THEY WILL HAVE ENTRANCE FEE RESIDENTS STARTING IN LATE OCTOBER 2018. ALL INITIAL BRIO RESIDENTS HAVE 100% REFUNDABLE CONTRACTS. AFTER THE INITIAL RESIDENT, THE REFUNDABLE % IS 90%. PART V, LINE 4: THE EARNINGS FROM THE GOOD SAMARITAN/SHEPHERD ENDOWMENT ARE TRANSFERRED TO THE GOOD SAMARITAN/SHEPHERD RESERVE, WHICH IS USED TO ASSIST RESIDENTS OF MODEST MEANS WITH THEIR MONTHLY FEES IN ACCORDANCE WITH GUIDELINES ESTABLISHED BY THE BOARD OF DIRECTORS. EARNINGS FROM THE SARGENT MEMORIAL ENDOWMENT ARE USED FOR SIMILAR PURPOSES FOR WESLEY ON GRAND. EARNINGS FROM THE SCHEERER MEMORIAL ENDOWMENT ARE USED TO PURCHASE ITEMS FOR THE BENEFIT OF WESLEY ON GRAND RESIDENTS. EARNINGS FROM THE NURSING SCHOLARSHIP ENDOWMENT ARE USED TO ASSIST HALCYON AND WESLEY ON GRAND EMPLOYEES IN ADVANCING THEIR NURSING EDUCATION. EARNINGS FROM THE BAKER EMPLOYMENT ENDOWMENT ARE USED TO ASSIST EMPLOYEES OF WESLEY ON GRAND WITH SHORT-TERM FINANCIAL NEEDS. EARNINGS FROM THE PARK CENTRE AND VILLAGE BUILDING ENDOWMENTS ARE USED TO MAKE IMPROVEMENTS, UPGRADES AND REPAIRS TO THE BUILDINGS. EARNINGS FROM THE PARK CENTRE COMPUTER ENDOWMENT ARE USED TO PURCHASE COMPUTER HARDWARE. EARNINGS FROM NORRIS WELLNESS ENDOWMENT ARE USED TO SUPPORT A WELLNESS PROGRAM AT WESLEY ON GRAND. EARNINGS FROM THE GOOD SAMARITAN/CORA WAGNER TRUST ARE USED TO ASSIST RESIDENTS AT WESLEY ON GRAND. PART X, LINE 2: THE CORPORATION IS GENERALLY EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE SECTIONS OF THE STATE STATUTES. CONSEQUENTLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. HOWEVER, THERE ARE IMMATERIAL AMOUNTS OF UNRELATED BUSINESS INCOME IN CERTAIN AFFILIATES THAT ARE TAXABLE. THE CORPORATION ACCOUNTS FOR ITS UNCERTAINTY IN INCOME TAX UNDER ACCOUNTING STANDARDS CODIFICATION 740, INCOME TAXES WESLEYLIFE, WRS, AND WCS FILE INFORMATION RETURNS AS TAX-EXEMPT ORGANIZATIONS. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE INTERNAL REVENUE SERVICE. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 ROB KRETZINGER PRESIDENT & CEO 377067 308509 104492 85494 12650 10350 16775 13725 17310 14162 528294 432240 0 0 ALLISON MERCURIS PENDROY COO 212875 154818 0 0 182 132 15409 11207 18879 13730 247345 179887 0 0 CRAIG FLANAGAN CFO 183028 149751 55 45 6152 5033 10725 8775 5776 4726 205736 168330 0 0 DAMON BUSKOHL WESLEY ON GRAND EXECUTIVE DIR 214548 0 0 0 100 0 6439 0 32865 0 253952 0 0 0 NANCY BLOWERS-HAMILTON COTTAGES EXECUTIVE DIRECTO 162458 0 0 0 100 0 4877 0 32041 0 199476 0 0 0 PETER GRAY HERITAGE HOUSE EXECUTIVE D 151774 0 0 0 100 0 4556 0 21683 0 178113 0 0 0 HEATHER VENZ-FRANK THE VILLAGE EXECUTIVE DIRE 140390 0 1500 0 100 0 4260 0 25765 0 172015 0 0 0 VANI TSCHANTZ ED HALCYON HOUSE 133865 0 0 0 0 0 4877 0 29867 0 168609 0 0 0 ABBY HARLACHER EDGEWATER EXECUTIVE DIRECT 138632 0 1500 0 100 0 4207 0 18053 0 162492 0 0 0 PART I, LINE 1A ROB KRETZINGER, PRESIDENT & CEO AND CRAIG FLANAGAN, CFO, EACH RECEIVED $3,600 FOR SOCIAL CLUB DUES; THIS BENEFIT WAS INCLUDED IN HIS TAXABLE W-2 COMPENSATION. PART I, LINE 3 WESLEYLIFE DETERMINES THE CEO'S COMPENSATION. WESLEYLIFE, WCS AND WRS HAVE THE SAME BOARD MEMBERS. SEE SCHEDULE O FOR THE NARRATIVE RELATED TO FORM 990, PART VI, LINE 15 FOR FURTHER INFORMATION. A IOWA FINANCE AUTHORITY 521699886 2012-12-13 20300000 REFUND PRIOR ISSUE (12/20/07) 0 0 0 B IOWA FINANCE AUTHORITY 521699886 2015-11-12 41200000 REFUND PRIOR ISSUE (12/20/07) 0 0 0 C IOWA FINANCE AUTHORITY 521699886 2017-04-27 16150000 RENOVATE AND EQUIP CAMPUS 0 0 0 D CITY OF POLK CITY IOWA 421019654 2017-08-28 7000000 ACQUIRE AND RENOVATE FACILITIES 0 0 0 A 4058116 20300000 1596607 290795 20005190 2009 1 0 1 1 B 13478836 41777411 2909145 1177469 40599942 2009 1 1 1 1 C 16150000 54845 16095155 2021 0 0 1 1 D 7000000 50001 6949999 2018 0 0 1 1 A 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 1 0 0 0 1 B 0 0 1 1 1 0 0 0 1 C 0 1 0 0 1 0 0 0 1 D 0 0 1 1 1 1 SEE PART VI 24.900000000000 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: IOWA FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/30/2017 ISSUER NAME: IOWA FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/01/2020 ISSUER NAME: CITY OF POLK CITY, IOWA DATE THE REBATE COMPUTATION WAS PERFORMED: 12/31/2018 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: NOTE REGARDING THE REBATE COMPUTATIONS: ENTITY 1, PART IV, COLUMN D & ENTITY 2, PART IV COLUMN B, LINE 2C - THIS DEBT WAS ISSUED ON A DRAW-DOWN BASIS AND AMOUNTS WERE DRAWN AS PROJECT COSTS WERE INCURRED. AS NO REBATABLE ARBITRAGE WAS EARNED AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE ANALYSIS IS NECESSARY. ENTITY 4, PART I, COLUMN F, LINE A - CONSTRUCT FACILITIES, REFUND PRIOR ISSUE (7/31/03, 10/12/06, 4/27/07, 12/16/10, 6/25/15, 6/25/15, 8/27/09 & 4/27/15) ENTITY 1, PART IV, COLUMN D, LINE 4B - PACIFIC COAST BANKERS' BANK. ENTITY 3, PART IV, COLUMN D, LINE 4B - PACIFIC COAST BANKERS' BANK. ENTITY 1, PART II, COLUMN B, LINE 3 - THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. ENTITY 1, PART II, COLUMNS A & B, LINE 3 - THE TOTAL PROCEEDS DO NOT EQUAL THE SUMMATION OF LINES 4 -12 DUE TO TRANSFERRED OR REPLACEMENT PROCEEDS IN LINE 4. ENTITY 2, PART II, COLUMNS C & D, LINE 3 - THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) AS THIS DEBT WAS ISSUED ON A DRAW-DOWN BASIS AND THE TOTAL PRINCIPAL AVAILABLE HAS NOT YET BEEN DRAWN. ENTITY 3, PART II, LINE 3 - THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) AS THIS DEBT WAS ISSUED ON A DRAW-DOWN BASIS AND THE TOTAL PRINCIPAL AVAILABLE HAS NOT YET BEEN DRAWN. ENTITY 4, PART II, COLUMN A, LINE 3 - THE TOTAL PROCEEDS DO NOT EQUAL THE SUMMATION OF LINES 4 -12 DUE TO TRANSFERRED OR REPLACEMENT PROCEEDS IN LINE 4. A CITY OF GRANGER IOWA 420922580 2017-08-28 10000000 ACQUIRE AND RENOVATE FACILITIES 0 0 0 B CITY OF WINDSOR HEIGHTS IOWA 426004577 2017-08-28 8500000 ACQUIRE AND RENOVATE FACILITIES 0 0 0 C CITY OF HARVEY IOWA 421104344 2021-05-20 18306423 ACQUIRE FACILITY & REFUND ISSUE (12/21/12) 0 0 0 D IOWA FINANCE AUTHORITY 521699886 46247SBU7 2021-11-18 48577571 SEE PART VI 0 0 0 A 725000 10000000 50001 9949999 2022 0 0 1 1 B 1927500 8500000 50001 8449999 2020 0 0 1 1 C 1212465 18306423 7000000 11306423 2022 1 0 1 1 D 1944198 48577571 252697 665715 4301400 43610455 2018 1 1 1 1 A 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 1 1 0 1 1 SEE PART VI 10.000000000000 0 0 0 0 1 D 0 1 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIR OF THE BOARD, THE PRESIDENT/CEO AND AT LEAST THREE DIRECTORS SELECTED BY VOTE OF THE BOARD OF DIRECTORS. EXCEPT FOR THE PRESIDENT/CEO, ALL MEMBERS OF THE EXECUTIVE COMMITTEE MUST BE MEMBERS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE HAS ALL THE AUTHORITY OF THE BOARD (EXCEPT AS NOTED BELOW) BUT LIMITS ITSELF TO MATTERS THAT REQUIRE IMMEDIATE ACTION AND CANNOT WAIT UNTIL THE NEXT SCHEDULED BOARD MEETING. THE EXECUTIVE COMMITTEE SHALL HAVE NO AUTHORITY TO AMEND THE ARTICLES OF INCORPORATION, THE BYLAWS, OR ADOPT A PLAN OF MERGER OR CONSOLIDATION. THE EXECUTIVE COMMITTEE SHALL REPORT ON ITS ACTIONS AT THE NEXT MEETING OF THE BOARD OF DIRECTORS AND SUCH ACTIONS SHALL BE SUBJECT TO REVISION AND ALTERATION OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 3 WESLEY RETIREMENT SERVICES, INC. PAYS WESLEYLIFE, A RELATED ORGANIZATION, FEES TO PERFORM MANAGEMENT SERVICES FOR THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 WESLEYLIFE, AN EXEMPT 501(C)(3) ORGANIZATION, IS THE SOLE CORPORATE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A WESLEYLIFE ELECTS THE BOARD MEMBERS OF WRS. VACANCIES IN THE BOARD OF DIRECTORS AT WRS ARE FILLED BY WESLEYLIFE. FORM 990, PART VI, SECTION A, LINE 7B APPROVAL OF THE FOLLOWING MATTERS ARE RESERVED EXCLUSIVELY TO THE MEMBER: 1. APPROVAL OF CHANGES TO THE ARTICLES OF INCORPORATION OR BYLAWS; 2. APPOINTMENT OF, OR REMOVAL OF, WITH OR WITHOUT CAUSE, THE MEMBERS OF THE BOARD OF DIRECTORS; ABILITY TO FIX THE NUMBER OF BOARD OF DIRECTORS; 3. APPROVAL OF THE INCURRENCE OF DEBT; 4. THE SALE, TRANSFER OR SUBSTANTIAL CHANGE IN USE OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS, DIVESTITURES, DISSOLUTIONS, CLOSURES, MERGERS, CONSOLIDATIONS, OR CHANGES IN CORPORATE MEMBERS; 5. APPROVAL OF THE TRANSFER OR ENCUMBRANCE OF THE ASSETS; AND 6. APPROVAL OF THE ANNUAL OPERATING BUDGET AND CAPITAL PLAN. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE CEO, CFO AND CONTROLLER REVIEWED THE DOCUMENT INTERNALLY. THE FORM 990 WAS THEN REVIEWED BY THE BOARD'S FINANCE COMMITTEE AND MADE AVAILABLE TO ALL VOTING BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CORPORATION COMMUNICATES THE CONFLICT OF INTEREST POLICY ANNUALLY TO BOARD MEMBERS AND REQUIRES BOARD MEMBERS TO COMPLETE AN ANNUAL STATEMENT DESCRIBING ACTUAL OR PERCEIVED CONFLICTS OF INTEREST. IF ANY CONFLICTS ARISE THE BOARD MUST FOLLOW THE PROCEDURES SPECIFIED IN THE POLICY TO RESOLVE THE MATTER. WITH RESPECT TO THE BOARD MEMBERS, A PERSON WHO HAS A CONFLICT OF INTEREST IS DEEMED AN INTERESTED DIRECTOR. THE INTERESTED DIRECTOR SHALL NOT PARTICIPATE IN THE VOTE REGARDING HIS/HER POTENTIAL CONFLICT AND, DEPENDING UPON THE CIRCUMSTANCES, MAY NOT BE PERMITTED TO PARTICIPATE IN THE DISCUSSION REGARDING THE ISSUE. NO INTERESTED DIRECTOR SHALL BE PERMITTED TO VOTE IN MATTERS IN WHICH HE/SHE HAS A CONFLICT OF INTEREST. WITH RESPECT TO EMPLOYEES, THE PRESIDENT, IN CONSULTATION WITH OTHER UNBIASED MANAGERS, SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. AFTER EXERCISING DUE DILIGENCE, INCLUDING INVESTIGATING ALTERNATIVES TO A TRANSACTION OR ARRANGEMENT THAT GIVES RISE TO A CONFLICT OF INTEREST, THE PRESIDENT SHALL DETERMINE WHETHER THE CORPORATION IS ABLE TO OBTAIN WITH REASONABLE EFFORTS, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM ANOTHER INDIVIDUAL OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT AVAILABLE, THE ARRANGEMENT OR TRANSACTION MAY GO FORWARD IF THE PRESIDENT DETERMINES THAT THE TRANSACTION IS FAIR AND IN THE BEST INTEREST OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION PARTICIPATES IN AN ANNUAL 3RD PARTY COMPENSATION STUDY. THE SURVEY DATABASE INCLUDES DATA FROM 103 MULTI-SITE ORGANIZATIONS REPRESENTING 1,502 EXECUTIVES. COMPENSATION DATA IS COLLECTED FOR 18 DIFFERENT EXECUTIVE POSITIONS. THE SURVEY DELIVERS WHAT IS VIEWED AS THE HIGHEST QUALITY OF BENCHMARK INFORMATION AND PROFESSIONAL SERVICES TO THE NON PROFIT, AGING SERVICES FIELD. THE REPORT FEATURES: - ANALYSIS OF EXECUTIVE COMPENSATION GOVERNANCE PROCESSES. - DETAILED FINANCIAL PROFILE OF ALL PARTICIPANTS, PRESENTED BY REVENUE, ASSETS, FTE'S, AND GEOGRAPHIC REGION. - COMPREHENSIVE ANALYSIS OF CASH COMPENSATION PRACTICES AND BENEFITS. - DATA SUMMARY TABLES WITH A FULL RANGE OF STATISTICAL ANALYSES DISPLAYING COMPENSATION BY DIFFERENT ORGANIZATIONAL SCOPE. - GEOGRAPHICAL ANALYSIS INCLUDING REGIONAL DIFFERENCES. - ANALYSIS AND REPORTING OF DEFERRED COMPENSATION PRACTICES. THE BOARD OF DIRECTORS, THROUGH DELEGATED FUNCTION TO THE EXECUTIVE COMMITTEE, SETS THE PRESIDENT/CEO COMPENSATION DESIGN ANNUALLY BASED ON PERFORMANCE, DEVELOPMENT, AND PEER GROUP WITHIN THE COMPENSATION STUDY. THERE IS A FORMALIZED COMPENSATION PHILOSOPHY THAT IS SET INTO POLICY THAT COVERS ALL EXECUTIVES AND OFFICERS OF THE ORGANIZATION. COMPENSATION IS DETERMINED ON THE CONSOLIDATED VIEW OF THE ORGANIZATION AND ALL RELATED ENTITIES, AND ALLOCATED BASED ON A TIME PERCENTAGE. THE PRESIDENT/CEO SETS COMPENSATION FOR ALL OTHER OFFICERS BASED ON PERFORMANCE, DEVELOPMENT, AND PEER GROUP WITHIN THE COMPENSATION STUDY. THE LAST REVIEW PROCESS WAS CONDUCTED IN 2023 AND IS DONE ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A AND FORM 990, PART V, LINE 2: THE ORGANIZATION IS REPORTING 0 W-2S FILED IN FORM 990, PART V, LINE 2 BECAUSE ALL FORMS W-2 ARE FILED BY WESLEYLIFE, A RELATED ORGANIZATION, AS THE COMMON PAYMASTER. HOWEVER, THE ORGANIZATION IS REPORTING COMPENSATION IN FORM 990, PART VII, SECTION A FOR EACH EMPLOYEE BECUASE EACH EMPLOYEE SPLITS THEIR TIME AND SERVICES BETWEEN THE RELATED ORGANIZATIONS, SO A PORTION OF THEIR COMPENSATION IS ATTRIBUTABLE TO THE FILING ORGANIZATION. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF PERPETUAL TRUST 123,523. RELEASES FROM RESTRICTIONS -1,836,426. INTERCOMPANY ELIMINATION 5,385,151. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR. 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