Woodlands Development Group Inc
- Assets
- $8.6m
- Revenue
- $1.9m
- Investments
- $15.1k
- Employees
- 15
- Location
- Elkins, WV
- Founding
- 11/1995
- Data as of
- 12/2021
- EIN
- 55-0745158
Organization Overview
Woodlands Development Group Inc is located in Elkins, WV. The organization was established in 1995. 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. As of 12/2021, Woodlands Development Group Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodlands Development Group Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Woodlands Development Group Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WOODLANDS DEVELOPMENT GROUP HELPS BUILD HEALTHY, VIABLE COMMUNITIES IN THE REGION BY DEVELOPING SUSTAINABLE, AFFORDABLE HOUSING AND SUPPORTING ECONOMIC INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, WOODLANDS COMPLETED MOST OF THE CONSTRUCTION OF AN 8-UNIT PROJECT IN TUCKER COUNTY AND A 3-UNIT PROJECT IN BARBOUR COUNTY. BOTH DEVELOPMENTS WERE DESIGNED TO ADDRESS WORKFORCE HOUSING SHORTFALLS IN THEIR COMMUNITIES. WE CLOSED ON FINANCING AND INITIATED CONSTRUCTION ON A 16-UNIT MIXED INCOME, MULTI-GENERATION AFFORDABLE HOUSING DEVELOPMENT IN ELKINS. WORK WAS COMPLETED ON THE COMMERCIAL SPACE IN AN HISTORIC REHAB PROJECT IN DOWNTOWN BELINGTON.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Clark Executive Director | Trustee | 0 | $64,311 |
Adam Williams President | OfficerTrustee | 0 | $0 |
Sam Mcwhorter Director | OfficerTrustee | 0 | $0 |
Sutton Stokes Director | OfficerTrustee | 0 | $0 |
Sarah Heuer Director | Trustee | 0 | $0 |
Andrew Carroll Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,105,011 |
| 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 | $1,105,011 |
| Total Program Service Revenue | $674,535 |
| Investment income | $3,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35,944 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,913,403 |
| 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. | $64,311 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $258,172 |
| Pension plan accruals and contributions | $7,346 |
| Other employee benefits | $64,374 |
| Payroll taxes | $24,983 |
| Fees for services: Management | $33,868 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $170,436 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,440 |
| Travel | $1,144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $120,931 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $31,854 |
| All other expenses | $252,507 |
| Total functional expenses | $1,205,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,981 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $343,459 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $288,344 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,825,137 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,100 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,373 |
| Total assets | $8,579,394 |
| Accounts payable and accrued expenses | $431,879 |
| 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 | $3,698,505 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $33,700 |
| Total liabilities | $4,164,084 |
| Net assets without donor restrictions | $4,415,310 |
| Net assets with donor restrictions | $0 |
| 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 | $8,579,394 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Woodlands Development Group Inc has recieved totaling $266,013.
| Awarding Organization | Amount |
|---|---|
Claude Worthington Benedum Foundation Pittsburgh, PA PURPOSE: TO EXPAND LOCAL AND STATE INVESTMENT IN COMMUNITY-BASED REAL ESTATE PROJECTS AND ENTREPRENEURIAL DEVELOPMENT (OVER TWO YEARS) | $125,000 |
Claude Worthington Benedum Foundation Pittsburgh, PA PURPOSE: TO EXPAND LOCAL AND STATE INVESTMENT IN COMMUNITY-BASED REAL ESTATE PROJECTS AND ENTREPRENEURIAL DEVELOPMENT (OVER TWO YEARS) | $100,000 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $31,013 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
Montgomery Housing Partnership Inc Silver Spring, MD | $117,127,971 | $17,924,784 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Enterprise Community Loan Fund Inc Columbia, MD | $332,804,742 | $25,996,753 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
Habitat For Humanity International Inc Cincinnati, OH | $19,861,311 | $21,403,808 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
National Lutheran Inc Frederick, MD | $5,736,572 | $7,111,650 |
Buckeye Community Hope Foundation Columbus, OH | $50,429,521 | $11,276,532 |