WESLEY AT PARIS INC

EIN: 311779476 501(c)(3) Housing & Shelter

CARDOVA, TN

Total Revenue
$184,648
Total Expenses
$217,208
Total Assets
$863,855
Net Assets
$-803,945
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
TN
Principal Officer
BRIAN HARRIS
Phone
9013804900
Tax Period
2023-01-01 to 2023-12-31

WESLEY AT PARIS INC, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $185K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $217K exceeded revenue, resulting in a 18% operating deficit.

Mission

WESLEY AT PARIS, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN FEBRUARY 2001, IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF TENNESSEE. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 19-UNIT COMMUNITY LOCATED IN PARIS, TENNESSEE KNOWN AS WESLEY PINE MEADOW, WHICH PROVIDES HOUSING AND RELATED SERVICES FOR VERY LOW AND EXTREMELY LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $104,983
Program Service Revenue $78,616
Investment Income $1,049
Other Revenue $0
TOTAL REVENUE $184,648

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,354
Fundraising Expenses $0
Program Expenses $179,844
Other Expenses $192,854
TOTAL EXPENSES $217,208

Year-over-Year Comparison

2023 2022 Change
Revenue $184,648 $165,387 +0.1%
Expenses $217,208 $210,051 +0.0%
Net Income $-32,560 $-44,664 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV ANDY THOMPSON CHAIRPERSON 1.00
Officer Director
$0 $0 $0
NANCY ALBONETTI VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
CAROL AVENS MEMBER 1.00
Director
$0 $0 $0
MEREDITH BINGHAM MEMBER 1.00
Director
$0 $0 $0
AMANDA L WARD MEMBER 1.00
Director
$0 $0 $0
DWIGHT DAVIS MEMBER 1.00
Director
$0 $0 $0
JOYCE FEGER MEMBER 1.00
Director
$0 $0 $0
JENNIFER GARST MEMBER 1.00
Director
$0 $0 $0
PHYLLIS GAY MEMBER 1.00
Director
$0 $0 $0
HOLLY MITCHENER MEMBER 1.00
Director
$0 $0 $0
EDDIE SMITH MEMBER 1.00
Director
$0 $0 $0
MARY LOU CUSHING SECRETARY/TREASURER 1.00
Officer
$0 $0 $0
BRIAN HARRIS NON-VOTING CEO 1.00
Officer
$0 $0 $0
DONALD OLLIO NON-VOTING CFO 1.00
Officer
$0 $0 $0
RONALD BUDYNAS NON-VOTING COO 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $184,648 $217,208 $863,855 $-32,560
2022 $165,387 $210,051 $899,854 $-44,664
2021 $162,104 $268,795 $920,308 $-106,691
2020 $153,535 $179,982 $1,018,710 $-26,447
2019 $161,668 $197,127 $1,047,284 $-35,459
2018 $129,018 $194,376 $1,081,626 $-65,358
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