Strong finances position us for a bright future
At WesleyLife, good stewardship is a core value. We keep finances in perspective, for WesleyLife is a 501(c)(3) nonprofit that exists to serve people. Financial strength is a priority because it makes our people-focused vision and mission a reality, and gives residents and their families’ peace of mind that WesleyLife will be there for them in the future.
Since our beginning in 1946, WesleyLife has weighed opportunities to improve or expand services based on whether they fit our vision and mission, are sound investments and will be financially stable for the long term. This approach has allowed us to weather periodic downturns in the regional and national economy, while increasing revenue an average of 20 percent a year each year from 2004 through 2016.
Our careful fiscal management, along with the irreplaceable support of our many donors, has allowed WesleyLife to invest more than $41 million in capital improvements since 2008. The occupancy rate of our seven communities is consistently well above the national average, demonstrating the value of our offerings. High occupancy, along with continued growth of our home-based services, are generating a solid source of income for the entire organization.
WesleyLife is overseen by a volunteer board of directors charged with positioning the organization for perpetual success. Experts on the board’s Finance Committee assist in overseeing the organization’s fiscal practices, and our consolidated annual statements are audited by a leading independent accounting firm. For more detail on WesleyLife finances, view our most recent Annual Report.