Weaver Community Housing Association
- Assets
- $1.1m
- Revenue
- $160.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Carrboro, NC
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 56-2276970
Organization Overview
Weaver Community Housing Association is located in Carrboro, NC. The organization was established in 2003. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Weaver Community Housing Association 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, Weaver Community Housing Association generated $160.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $172.5k during the year ending 12/2021. 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
WCHA USES THE COOPERATIVE HOUSING MODEL AS A MEANS TO ACCOMPLIGH SIX PRINCIPLES: AFFORDABILITY, PERPETUITY, DWELLER-CONTROL, SUSTAINABILITY, DIVERSITY AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEDAR ROCK APARTMENT COOPERATIVE WAS THE FIRST HYBRID MIXED EQUITY COOPERATIVE HOUSING MODEL IN THE COUNTRY. ACQUIRED WITH THE ASSISTANCE OF AN ORANGE COUNTY HOUSING BOND, IT ENSURES AFFORDABILITY FOR THE DURATION OF THE 7 HOUSEHOLD COMMUNITY. BOLIN CREEK COOPERATIVE IS THE LARGER WCHA PROPERTY, PROVIDING AFFORDABLE HOUSING FOR 10 HOUSEHOLDS WITH A SHARED COMMUNITY GARDEN. RESIDENTS VOLUNTEER FOR PROPERTY MAINTENANCE AND OPERATIONS IN EXCHANGE FOR QUALIFIED SAVINGS ACCRUALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Taylor Treasurer | OfficerTrustee | 3 | $0 |
Aimee Gaunt President | OfficerTrustee | 3 | $0 |
Sara Jackson Secretary | OfficerTrustee | 3 | $0 |
Iza Hutzler Director | Trustee | 2 | $0 |
Lauren Carreto Director | Trustee | 2 | $0 |
Jen Romeo Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,973 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,973 |
| Total Program Service Revenue | $142,360 |
| Investment income | $125 |
| 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 | $160,871 |
| 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. | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $336 |
| Information technology | $2,919 |
| Royalties | $0 |
| Occupancy | $68,581 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $150 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,844 |
| Insurance | $8,780 |
| All other expenses | $1,374 |
| Total functional expenses | $172,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,427 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,146 |
| 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 | $3,329 |
| Net Land, buildings, and equipment | $964,948 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,086,850 |
| Accounts payable and accrued expenses | $154,654 |
| 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 | $954,696 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $255,396 |
| Total liabilities | $1,364,746 |
| Net assets without donor restrictions | -$277,896 |
| 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 | $1,086,850 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Weaver Community Housing Association has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dreamkey Partners Inc Charlotte, NC | $109,024,724 | $87,997,566 |
Christian Relief Services Charities Inc Alexandria, VA | $142,752,068 | $55,470,301 |
Horizon Development Properties Inc Charlotte, NC | $420,836,852 | $43,904,469 |
Georgia Hap Administrators Inc Atlanta, GA | $13,430,323 | $20,876,355 |
Choanoke Area Development Assoc Rich Square, NC | $3,243,319 | $10,393,050 |
Association For Retarded Citizens Housing Development Services Inc Greensboro, NC | $38,855,283 | $9,434,004 |
Twin Rivers Opportunities Inc New Bern, NC | $1,111,953 | $5,873,122 |
John Sparks Manor Inc Union City, GA | $0 | $5,675,234 |
Larry Moore Manor Inc Union City, GA | $0 | $4,277,912 |
Lewinsville Retirement Residence McLean, VA | $23,915,511 | $4,142,115 |
Rhg-Afforable Housing Ii Inc Atlanta, GA | $13,550,062 | $7,175,901 |
Broadway Towers Inc Atlanta, GA | $17,531,706 | $3,119,210 |