Westmoreland Apartments Inc
- Assets
- $2.0m
- Revenue
- $132.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Huntington, WV
- Founding
- 07/2002
- Data as of
- 09/2022
- EIN
- 01-0607464
Organization Overview
Westmoreland Apartments Inc is located in Huntington, WV. The organization was established in 2002. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Westmoreland Apartments 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 09/2022, Westmoreland Apartments Inc generated $132.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $206.3k during the year ending 09/2022. While expenses have increased by 5.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING TO THE ELDERLY LOW INCOME POPULATION OF WAYNE COUNTY, WEST VIRGINIA THROUGH A 20 UNIT APARTMENT PROJECT WHICH IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT & REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT IS ALSO SUBJECT TO SECTION 8 HOUSING ASSISTANCE PAYMENT AGREEMENTS WITH HUD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED 20 APARTMENTS IN A SAFE, CLEAN HOUSING ENVIRONMENT TO LOW INCOME SENIORS OF WAYNE COUNTY, WEST VIRGINIA THROUGHOUT THE YEAR. ALL EXPENSES ARE ATTRIBUTED TO THE FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Maddox Treasurer | OfficerTrustee | $0 | |
Matthew Rohrbach Vice Preside | OfficerTrustee | $0 | |
Robert Thompson Secretary | OfficerTrustee | $0 | |
Brandi Wiles-Davis President | OfficerTrustee | $0 | |
Todd Alexander Director | Trustee | $0 | |
Tom Gibson Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $86,746 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,746 |
| Total Program Service Revenue | $45,588 |
| Investment income | $63 |
| 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 | $132,397 |
| 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 | $34,186 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,764 |
| Fees for services: Management | $12,743 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,275 |
| 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 | $8,556 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,919 |
| Travel | $1,670 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $86 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,905 |
| Insurance | $0 |
| All other expenses | $184 |
| Total functional expenses | $206,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,027 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $511 |
| 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 | $3,508 |
| Net Land, buildings, and equipment | $1,905,368 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,786 |
| Total assets | $1,980,200 |
| Accounts payable and accrued expenses | $12,884 |
| Grants payable | $0 |
| Deferred revenue | $788 |
| 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 | $4,600 |
| Total liabilities | $18,272 |
| Net assets without donor restrictions | $336,428 |
| Net assets with donor restrictions | $1,625,500 |
| 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 | $1,980,200 |
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