Williams Home Incorporated
- Assets
- $28.3m
- Revenue
- -$2.2m
- Investments
- $26.1m
- Employees
- 0
- Location
- Lynchburg, VA
- Founding
- 04/1943
- Data as of
- 06/2022
- EIN
- 54-0524517
Organization Overview
Williams Home Incorporated is located in Lynchburg, VA. The organization was established in 1943. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Williams Home Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN AN ASSISTED LIVING FACILITY FOR AGED WOMEN IN THE CITY OF LYNCHBURG AND VINCINITY THEREOF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Dombroski Director | 40 | $83,433 | |
Dawn T Arrington Director | 4 | $0 | |
Susan Bumgarner Director | 4 | $0 | |
Robert D Davis Treasurer | 4 | $0 | |
Thomas D Gerhardt President | 4 | $0 | |
Patrick Bolling Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $349,567 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $612,412 |
| Capital Gain Net Income | $612,412 |
| Net ST Capital Gain | $612,412 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,202,180 |
| Total Revenue | -$2,240,201 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $83,433 |
| Other employee salaries and wages | $1,135,399 |
| Pension plans, employee benefits | $57,200 |
| Interest | $0 |
| Taxes | $141,947 |
| Depreciation | $189,533 |
| Occupancy | $105,685 |
| Travel, conferences, and meetings | $3,584 |
| Printing and publications | $0 |
| Other expenses | $568,779 |
| Total operating and administrative expenses | $2,472,368 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,472,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,259 |
| Savings and temporary cash investments | $1,241,676 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,114 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $844,537 |
| Other assets | $0 |
| Total assets | $28,337,965 |
| Accounts payable and accrued expenses | $17,647 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $52,024 |
| Total liabilities | $69,671 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dogwood Housing Inc North Bethesda, MD | $86,669,090 | $22,202,788 |
Abraham And Laura Lisner Home For Aged Women Washington, DC | $22,620,580 | $13,905,589 |
Lutheran Home-Hickory West Inc Salisbury, NC | $4,616,109 | $14,117,518 |
Lutheran Home - Wilmington Inc Salisbury, NC | $3,485,965 | $12,654,546 |
Community Affordable Housing Equity Corporation Raleigh, NC | $30,228,876 | $11,307,712 |
National Low Income Housing Coalition And Low Income Housing Washington, DC | $13,467,381 | $12,702,610 |
National Foundation For Affordable Housing Solutions Inc North Bethesda, MD | $263,616,606 | $53,198,670 |
Healing Place Inc Louisville, KY | $37,666,074 | $13,853,449 |
Magnolia Housing Inc North Bethesda, MD | $6,233,975 | $1,178,678 |
Lutheran Home-Albemarle Inc Salisbury, NC | $5,090,743 | $9,142,249 |
Chambliss Center For Children Chattanooga, TN | $13,773,339 | $7,553,657 |
Prologue Inc Baltimore, MD | $8,569,201 | $6,794,698 |