Wp Housing Company Inc
- Assets
- $17.0m
- Revenue
- $836.5k
- Investments
- $0.0
- Employees
- 0
- Location
- White Plains, NY
- Founding
- 10/2011
- Data as of
- 12/2019
- EIN
- 27-3918455
Organization Overview
Wp Housing Company Inc is located in White Plains, NY. The organization was established in 2011. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Wp Housing Company Inc generated $836.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (25.5%) each year. All expenses for the organization totaled $943.7k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING ASSISTANCE TO LOW AND MODERATE INCOME FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING ASSISTANCE TO LOW & MODERATE INCOME INDIVUALS, SENIORS, AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mack Carter Chief Executive Officer | Officer | 2 | $160,000 |
Lawrence Salley President | OfficerTrustee | 5 | $0 |
Nicholas Wolff Vice President | OfficerTrustee | 5 | $0 |
Hermon Lockhart Treasurer | OfficerTrustee | 5 | $0 |
Herman Keith Director | Trustee | $0 | |
Rosa Boone Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $513,239 |
| Investment income | $323,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $836,523 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $103,950 |
| Fees for services: Legal | $6,231 |
| Fees for services: Accounting | $41,948 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,250 |
| Office expenses | $3,391 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,718 |
| Travel | $3,250 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $311,348 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $943,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,139,797 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $202,733 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,966 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $55,000 |
| Intangible assets | $0 |
| Other assets | $15,571,950 |
| Total assets | $16,971,446 |
| Accounts payable and accrued expenses | $271,437 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,279,520 |
| Total liabilities | $1,550,957 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $15,420,489 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,971,446 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ndc Housing And Economic Development Corporation New York, NY | $943,943,443 | $89,841,904 |
Viecare Beaver Llc Cranberry Township, PA | $33,707,357 | $46,118,953 |
West Side Federation For Senior Housing Inc New York, NY | $138,485,239 | $41,412,403 |
Eihab Human Services New Jersey Inc Springfield Gardens, NY | $6,789,414 | $27,918,508 |
Columbus Property Management & Development Inc Philadelphia, PA | $26,158,929 | $27,715,825 |
Housing Assistance Corporation Hyannis, MA | $19,460,978 | $27,429,095 |
Nhp Foundation New York, NY | $188,390,325 | $21,427,453 |
Mainstay Life Services Pittsburgh, PA | $22,073,883 | $28,130,633 |
East Harlem Pilot Block Housing Development Fund Co Inc New York, NY | $63,852,390 | $27,373,317 |
Diego Beekman Mutual Housing Assoc Housing Developmnt Fund Corp Bronx, NY | $50,313,639 | $23,300,184 |
Valley View Haven Inc Belleville, PA | $33,027,658 | $20,622,412 |
Viecare Butler Llc Cranberry Township, PA | $14,493,924 | $19,003,474 |