WESLEY COURT LLC

EIN: 882178567 501(c)(3) Human Services

DALLAS, TX

Total Revenue
$13,428,026
Total Expenses
$18,774,504
Total Assets
$76,496,421
Net Assets
$-8,460,011
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
TX
Principal Officer
JESSE JANTZEN
Phone
5052885805
Tax Period
2024-01-01 to 2024-12-31

WESLEY COURT LLC, founded in 2022, is a mid-sized nonprofit in the Human Services sector that reported $13.4M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $18.8M exceeded revenue, resulting in a 40% operating deficit.

Mission

CREATING COMMUNITIES CELEBRATING THE LIVES OF SENIORS. LIFESPACE RECOGNIZES THAT ITS MISSION CAN ONLY BE FULFILLED THROUGH THE DEDICATED EFFORTS OF ITS EMPLOYEES, THEREFORE, INCLUDED IN OUR MISSION IS THE ABILITY TO PROVIDE DISASTER RELIEF FUNDS TO EMPLOYEES WHO ENCOUNTER CIRCUMSTANCES RECOGNIZED BY FEDERAL AND STATE AGENCIES AS QUALIFYING FOR EMERGENCY DISASTER RELIEF.

Program Service Accomplishments

Program 1
Expenses: $17,128,153 Revenue: $13,124,226

TO PROVIDE APARTMENTS AND HEALTH CARE FOR RETIRED PERSONS. RESIDENTS PAY AN INITIAL ENTRANCE FEE AND MONTHLY FEES THEREAFTER WHICH ENTITLE THEM TO USE OF THE COMMUNITY FOR LIFE AND UNLIMITED USE OF...

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TO PROVIDE APARTMENTS AND HEALTH CARE FOR RETIRED PERSONS. RESIDENTS PAY AN INITIAL ENTRANCE FEE AND MONTHLY FEES THEREAFTER WHICH ENTITLE THEM TO USE OF THE COMMUNITY FOR LIFE AND UNLIMITED USE OF THE HEALTH CENTER. RESIDENTS DO NOT ACQUIRE TITLE TO THE PROPERTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $56,143
Program Service Revenue $13,124,226
Investment Income $246,015
Other Revenue $1,642
TOTAL REVENUE $13,428,026

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,658,091
Fundraising Expenses $0
Program Expenses $17,128,153
Other Expenses $13,116,413
TOTAL EXPENSES $18,774,504

Year-over-Year Comparison

2024 2023 Change
Revenue $13,428,026 $12,242,736 +0.1%
Expenses $18,774,504 $17,414,556 +0.1%
Net Income $-5,346,478 $-5,171,820 +0.0%
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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
Employees
226
Volunteers
55

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
3
$2,571,726
Total Directors
2
$1,849,777
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JESSE JANTZEN PRESIDENT & CEO 0.33
Officer Director
$0 $101,040 $1,302,737
JOSEPH GORMAN GENERAL COUNSEL 0.33
Officer Director
$0 $43,040 $547,040
NICK HARSHFIELD CHEIF FINANCIAL OFFICER 0.33
Officer
$0 $42,076 $721,949
KALA SPAULDING DIRECTOR NURSING SERVICES 42.00
Highest
$132,482 $0 $132,482
TERESA BORCIK MANAGER COMMUNITY HLOL SALES 42.00
Highest
$119,077 $714 $119,791
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 $13,428,026 $18,774,504 $76,496,421 $-5,346,478
2023 $12,242,736 $17,414,556 $76,641,849 $-5,171,820
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