W L C Management Company Inc
- Assets
- $1.2m
- Revenue
- $681.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Quincy, MA
- Founding
- 07/2000
- Data as of
- 12/2023
- EIN
- 04-3333863
Organization Overview
W L C Management Company Inc is located in Quincy, MA. The organization was established in 2000. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, W L C Management Company Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. W L C Management Company 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, W L C Management Company Inc generated $681.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $681.6k during the year ending 12/2023. While expenses have increased by 6.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SERVE AND SUPPORT NON-PROFIT ORGANIZATIONS THROUGH THE PROVISION OF MANAGEMENT AND OTHER SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION COORDINATES AND PROVIDES SOCIAL SERVICES AND MANAGEMENT SERVICES INCLUDING BUDGETING, CONTRACTING, NEGOTIATIONS, AND COMPLIANCE WITH OVERSIGHT AGENCY REGULATIONS TO TWO NON-PROFIT HUD REGULATED PROJECTS WITH OVER 400 LOW-INCOME ELDERLY AND HANDICAPPED INDIVIDUALS, A NON-PROFIT PRESCHOOL SERVING OVER 100 CHILDREN DAILY, AND A NON-PROFIT COMMUNITY AGENCY PROVIDING SOCIAL AND CULTURAL ACTIVITIES SERVING HUNDREDS OF AREA RESIDENTS. THE ORGANIZATION ALSO PROVIDED CASH SUPPORT TO 3 NON-PROFIT ENTITIES WHICH SERVE THE SOUTH SHORE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Wismar President/tr | OfficerTrustee | 8 | $88,840 |
Steve Law Director/vic | OfficerTrustee | 20 | $89,628 |
Marcia Bailey Director | Trustee | 0.5 | $0 |
Rev Lesley Chen Director | Trustee | 0.5 | $0 |
Rev James Kimmell Director | Trustee | 0.5 | $0 |
Rev Richard Law Director | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $674,962 |
| Investment income | $6,072 |
| 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 | $681,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,650 |
| Grants and other assistance to domestic individuals. | $525 |
| 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 | $475,523 |
| Pension plan accruals and contributions | $38,108 |
| Other employee benefits | $81,732 |
| Payroll taxes | $39,402 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,709 |
| Advertising and promotion | $0 |
| Office expenses | $3,976 |
| 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 | $425 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,780 |
| All other expenses | $202 |
| Total functional expenses | $681,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $428,384 |
| Savings and temporary cash investments | $297,746 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,755 |
| 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 | $3,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $512,300 |
| Total assets | $1,243,685 |
| Accounts payable and accrued expenses | $15,663 |
| 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 | $8,572 |
| Total liabilities | $24,235 |
| Net assets without donor restrictions | $1,219,450 |
| 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 | $1,243,685 |
Grants Awarded
Over the last fiscal year, W L C Management Company Inc has awarded $19,436 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WOLLASTON LUTHERAN CHURCH PURPOSE: MINISTRY SUPPORT | $5,870 |
QUINCY ASIAN RESOURCES INC PURPOSE: GENERAL SUPPORT | $8,000 |
WOLLASTON LUTHERAN CHURCH APARTMENT PURPOSE: OBTAIN RENT SUBSIDY | $5,566 |