Willwoods Community Management Inc
- Assets
- $1.3m
- Revenue
- $911.8k
- Investments
- $0.0
- Employees
- 24
- Location
- New Orleans, LA
- Founding
- 05/2002
- Data as of
- 07/2022
- EIN
- 72-1480230
Organization Overview
Willwoods Community Management Inc is located in New Orleans, LA. The organization was established in 2002. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 07/2022, Willwoods Community Management Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Willwoods Community Management 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 07/2022, Willwoods Community Management Inc generated $911.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $922.5k during the year ending 07/2022. While expenses have increased by 6.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MANAGEMENT AGENT FOR AFFORDABLE HOUSING PROPERTIES.
Describe the Organization's Program Activity:
MANAGEMENT AGENT THAT WILL PROVIDE MISSION-BASED MANAGEMENT OF VARIOUS REAL ESTATE ASSETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Ron Yager President | Officer | 1 | $0 |
Mr Wayne Mayeux Vice President | Officer | 40 | $137,247 |
Ms Tammy Cardinale Sec/treasurer | Officer | 1 | $0 |
Mr Mrs Philip Hodges Trustees | Trustee | 1 | $0 |
Sr Myra Banquer Msc Trustee | Trustee | 1 | $0 |
Mrs John D'arcy Becker Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $253,317 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,317 |
| Total Program Service Revenue | $602,679 |
| Investment income | $104 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,708 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $911,812 |
| 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. | $158,494 |
| Compensation of current officers, directors, key employees. | $16,906 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,772 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,818 |
| Payroll taxes | $17,908 |
| Fees for services: Management | $236,430 |
| Fees for services: Legal | $7,924 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $935 |
| Advertising and promotion | $12,000 |
| Office expenses | $17,708 |
| Information technology | $2,535 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,845 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,799 |
| Interest | $0 |
| Payments to affiliates | $251,240 |
| Depreciation, depletion, and amortization | $15,889 |
| Insurance | $13,918 |
| All other expenses | $9,530 |
| Total functional expenses | $922,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,300 |
| Savings and temporary cash investments | $431,843 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,086 |
| 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 | $15,336 |
| Net Land, buildings, and equipment | $49,698 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $451,420 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,315,683 |
| Accounts payable and accrued expenses | $35,195 |
| 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 | $1,233 |
| Total liabilities | $36,428 |
| Net assets without donor restrictions | $1,279,255 |
| 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 | $1,315,683 |