Willow Road Residents Association Inc
- Assets
- $141.3k
- Revenue
- $217.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Frederick, MD
- Founding
- Data as of
- 12/2022
- EIN
- 84-5080501
Organization Overview
Willow Road Residents Association Inc is located in Frederick, MD. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Willow Road Residents Association 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 12/2022, Willow Road Residents Association Inc generated $217.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $177.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 3 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WORKS WITH HOMEWOOD AT FREDERICK TO PROVIDE FINANCIAL SUPPORT, OPPORTUNITIES AND ACTIVITIES FOR THE INDEPENDENT LIVING RESIDENTS AT HOMEWOOD AT FREDERICK THAT PROMOTES AND FURTHERS THEIR GENERAL WELFARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPRECIATION AWARD PROGRAM - PROGRAM SOLICITS CONTRIBUTIONS FROM RESIDENTS AND FAMILY OF RESIDENTS WHICH TOGETHER WITH FUNDS FROM THE GENERAL BUDGET ARE USED BY THE CORPORATION IN MAINTAINING AND IMPROVING THE ABILITY OF HOMEWOOD STAFF TO SUPPORT THE RESIDENTS THROUGH VARIOUS TYPES OF RECOGNITION (E.G. EMPLOYEE SCHOLARSHIPS, SPECIAL EVENTS AND GIFTS). INCREASES EFFECTIVENESS OF RELIEF FOR THE ELDERLY RESIDENTS BY DEMONSTRATING THAT THE RESIDENTS VALUE THE STAFF OF HOMEWOOD AND SEEK TO HAVE HOMEWOOD RETAIN THEM WHICH WILL BENEFIT THE RESIDENTS WITH CONTINUED QUALITY CARE.
ENVIRONMENTAL AWARENESS COMMITTEE - SUPPORTS THE EFFORTS OF RESIDENTS IN IMPROVING THE LOOKS OF THE BIO-PONDS BY SUBSIDIZING THEIR PURCHASE OF PLANTS AND SUPPLIES. THE COMMITTEE ALSO PROVIDES A SMALL HONORARIUM TO SPEAKERS AT COMMITTEE MEETINGS TO UPDATE THE COMMITTEE ON CURRENT POTENTIAL ISSUES REGARDING THE ENVIRONMENT.NOTABLES - A HOMEWOOD SINGING GROUP THAT IS SUPPORTED BY THE GENERAL FUND.
LIBRARIES ON CAMPUS - BOOKS AND MEDIA ARE PURCHASED OR DONATED FOR USE BY THE RESIDENTS. PROVIDES RESIDENTS WITH THE OPPORTUNITY TO EXPAND THEIR KNOWLEDGE AND STIMULATE THEMSELVES INTELLECTUALLY BY PROVIDING READING AND OTHER MEDIA MATERIALS AND THE OPPORTUNITY TO CONNECT WITH THEIR NEIGHBORS OVER WHAT THEY READ.
WREATHS ACROSS AMERICA - THE WRRA RECEIVED $6,206 IN 2022, MADE A DONATION COSTING $300 AND INCURRED $5,679 IN ADDITIONAL EXPENSES IN 2022 ON A CASH BASIS. THE WRRA EXPECTS TO RECEIVE ADDITIONAL REVENUE IN 2023 BASED ON ITS INVOLVEMENT WITH WAAA IN 2022 AND EXPECTS SOME ADDITIONAL EXPENSES. THE WRRA EXPECTS TO AWARD HOMEWOOD AT FREDERICK APPROXIMATELY $5,000 TO BE USED FOR EQUIPMENT AND SERVICES TO THE HEALTH CARE SECTION OF THE HOMEWOOD AT FREDERICK CAMPUS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Weller President | OfficerTrustee | 0 | $0 |
Claude Revis Immediate Past President | OfficerTrustee | 0 | $0 |
Bruce Robertson President Elect | OfficerTrustee | 0 | $0 |
Dale Hoscheit Secretary | OfficerTrustee | 0 | $0 |
Ray Green Treasurer | OfficerTrustee | 0 | $0 |
Connie Cranor Assistant Treasurer | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,167 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,167 |
| Total Program Service Revenue | $186,623 |
| Investment income | $107 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,550 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,154 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $217,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $164,656 |
| 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 | $2,315 |
| 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 | $0 |
| 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 | $1,443 |
| All other expenses | $623 |
| Total functional expenses | $177,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,124 |
| Savings and temporary cash investments | $22,993 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $224 |
| Total assets | $141,341 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,214 |
| 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 | $1,324 |
| Total liabilities | $3,538 |
| Net assets without donor restrictions | $57,216 |
| Net assets with donor restrictions | $80,587 |
| 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 | $141,341 |