Workforce Housing Ventures Inc
- Assets
- $3.2m
- Revenue
- $80.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Dade City, FL
- Founding
- 05/1996
- Data as of
- 06/2021
- EIN
- 59-3333830
Organization Overview
Workforce Housing Ventures Inc is located in Dade City, FL. The organization was established in 1996. 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. Workforce Housing Ventures 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 06/2021, Workforce Housing Ventures Inc generated $80.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.1% each year . All expenses for the organization totaled $99.7k during the year ending 06/2021. While expenses have increased by 44.0% 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
THE ORGANIZATION'S MISSION IS TO PROVIDE DECENT AFFORDABLE HOUSING FOR LOW INCOME FAMILIES THROUGH OPERATION OF RENTAL PROPERTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT AND OPERATION OF LOW-INCOME HOUSING RENTAL COMPLEX UNITS. ORGANIZATION CURRENTLY HAS IN PROCESS CONSTRUCTION OF LOW INCOME RENTAL HOUSING.
MANAGEMENT AND OPERATION OF LOW-INCOME HOUSING RENTAL COMPLEX UNITS. ORGANIZATION CURRENTLY HAS IN PROCESS CONSTRUCTION OF LOW INCOME RENTAL HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael F Carr Treasurer | OfficerTrustee | 0.5 | $0 |
Katherine Britton Secretary | OfficerTrustee | 0.5 | $0 |
Raymond Sturwold President | OfficerTrustee | 0.5 | $0 |
Patricia Thompson Vice Preside | OfficerTrustee | 0.5 | $0 |
Penelope Morrill Director | Trustee | 0.5 | $0 |
Joseph Wubbena Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| 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 | $80,003 |
| Statement of Expenses | |
|---|---|
| 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 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 | $4,240 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $600 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $99,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,053 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,202 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $34,026 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,780 |
| Total assets | $3,169,564 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,040,503 |
| Other liabilities | $0 |
| Total liabilities | $3,040,503 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $129,061 |
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