Wgh Heritage Inc
- Assets
- $4.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 06/2000
- Data as of
- 12/2023
- EIN
- 95-4754793
Organization Overview
Wgh Heritage Inc is located in Fort Worth, TX. The organization was established in 2000. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wgh Heritage 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 12/2023, Wgh Heritage Inc generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (13.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Sweeney Vp/sec/treas | 40 | $75,000 | |
Michael D Lennard President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $414 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,974,927 |
| Total Revenue | $1,975,341 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $789,698 |
| Pension plans, employee benefits | $106 |
| Interest | $328,572 |
| Taxes | $65,069 |
| Depreciation | $88,937 |
| Occupancy | $146,859 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $646,348 |
| Total operating and administrative expenses | $2,171,350 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,171,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $494,830 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $56,170 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,498 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,588,502 |
| Other assets | $341,061 |
| Total assets | $4,502,061 |
| Accounts payable and accrued expenses | $3,047,484 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $7,562,504 |
| Other liabilities | $0 |
| Total liabilities | $10,609,988 |