Wesley Apartments - A Methodist Home for the Aging Inc

EIN: 630851067 501(c)(3) Housing & Shelter

Birmingham, AL

Total Revenue
$788,405
Total Expenses
$706,676
Total Assets
$1,737,227
Net Assets
$-1,296,584
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
AL
Principal Officer
Christopher W Tomlin
Phone
2059512442
Tax Period
2022-07-01 to 2023-06-30

WESLEY APARTMENTS-A METHODIST HOME FOR THE AGING INC, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $720K in total revenue in fiscal year 2017.

Mission

Provide subsidized housing for the elderly.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $758,900
Investment Income $217
Other Revenue $29,288
TOTAL REVENUE $788,405

Expense Breakdown

Grants Paid $0
Salaries & Benefits $122,233
Fundraising Expenses $0
Program Expenses $655,126
Other Expenses $584,443
TOTAL EXPENSES $706,676

Year-over-Year Comparison

2022 2021 Change
Revenue $788,405 $832,769 -0.1%
Expenses $706,676 $668,859 +0.1%
Net Income $81,729 $163,910 -0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
4
Volunteers
4

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
4
$384,204
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Maudine Holloway President 0.00
Officer Director
$0 $0 $0
James W Steele Vice President 0.00
Officer Director
$0 $0 $0
Samuel L Williamson Secretary 0.00
Officer Director
$0 $0 $0
Christopher W Tomlin President & CEO 1.00
Officer
$0 $0 $384,204
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $788,405 $706,676 $1,737,227 $81,729
2022 $832,769 $668,859 $1,836,042 $163,910
2021 $739,999 $686,359 $1,759,777 $53,640
2020 $752,698 $693,864 $1,796,059 $58,834
2019 $737,611 $758,594 $1,838,537 $-20,983
2018 $719,958 $766,087 $1,867,758 $-46,129
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