Willow Grove Community Development Corporation is located in Willow Grove, PA. The organization was established in 1991. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Willow Grove Community Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Willow Grove Community Development Corporation 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, Willow Grove Community Development Corporation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $801.1k during the year ending 12/2023. 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
OUR MISSION IS HELPING FAMILIES AND COMMUNITIES BY PROVIDING AFFORDABLE HOUSING AND SERVICES. THE ORGANIZATION OFFERS SUBSIDIZED RENTAL HOUSING AND SUPPORT SERVICES FOR RESIDENTS; AND SERVICE PROGRAMS FOR THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTIVE RENTAL HOUSING PROGRAMS - WE PROVIDE 62 AFFORDABLE RENTAL HOUSING UNITS, UP FROM 58 IN 2022, AND SUPPORT SERVICES TO INDIVIDUALS AND FAMILIES WHO QUALIFY AS LOW-TO-MODERATE INCOME HOUSEHOLDS. RENTS ARE WELL BELOW MARKET RATES, AND ARE SUBSIDIZED TO ENSURE THAT RENTERS PAY NO MORE THAN 30% OF THEIR INCOME FOR HOUSING COSTS. SUPPORT TEAM HOME VISITS ARE MADE 3 TIMES A YEAR, SUPPLEMENTED BY COUNSELING, CLASSES, AND SOCIAL SERVICES AT THE OFFICE. RENTERS INCLUDE ELDERLY PERSONS, DISABLED PERSONS, FAMILIES WITH CHILDREN, AND MILITARY VETERANS. APPROXIMATELY 17% OF RENTS ARE SUBSIDIZED BY HUD VOUCHERS, AND 83% ARE SUBSIDIZED BY WILLOW GROVE CDC. DURING 2020 12 VOLUNTEERS SERVED ON SUPPORT TEAMS. HOUSING COUNSELING AND REFERRAL SERVICES ARE OFFERED TO ABOUT 1200 PERSONS ANNUALLY.
BRIDGING THE GAP IN UPPER MORELAND TOWNSHIP AND EASTERN MONTGOMERY COUNTY: FOR 2023-2025, WGCDC WAS AWARDED ARPA FUNDING FROM UPPER MORELAND TOWNSHIP AND MONTGOMERY COUNTY FOR THE PURPOSE OF ACQUIRING (6) ADDITIONAL AFFORDABLE HOUSING UNITS TO ADDRESS THE SHORTAGE OF AFFORDABLE HOUSING FOR FAMILIES AND INDIVIDUALS IN EASTERN MONTGOMERY COUNTY. IN 2023 WGCDC ACQUIRED FOUR ADDITIONAL PROPERTIES THROUGH THIS PROGRAM. THREE OF THE PROPERTIES ARE IN UPPER MORLAND TOWNSHIP AND ONE IS IN THE BOROUGH OF AMBLER. ALL OF THE NEW UNITS ARE OCCUPIED AND LEASED AT THIS TIME RESULTING IN A CURRENT 100% OCCUPANCY RATE. WE ARE LOOKING TO ACQUIRE THE 2 REMAINING PROPERTIES FOR THE PROGRAM THIS YEAR. ADDITIONALLY, IN 2024 UPPER MORELAND TOWNSHIP HAS PROVIDED ADDITIONAL FUNDING SUPPORT FOR THE PURPOSE OF ACQUIRING A FOURTH PROPERTY IN UPPER MORELAND. WE HOPE TO DO THAT IN 2024 AS WELL. IN TERMS OF THE FIRST TIME HOMEBUYER PORTION OF THE PROGRAM, WGCDC TO DATE HAS IDENTIFIED ONE FAMILY TO PARTICIPATE IN ITS FIRST TIME HOMEBUYER PROGRAM FOR 2024 AND WILL BE INCREASING ITS EFFORTS TO IDENTIFY AND CULTIVATE MORE PARTICIPANTS FOR 2024 AND 2025, IN COLLABORATION WITH, AND SUPPORT FROM, PNC FOUNDATION, HEALTH SPARK FOUNDATION AND UPPER MORELAND TOWNSHIP. PROPERTY RENOVATIONS: WGCDC MADE SIGNIFICANT RENOVATIONS FOR MULTIPLE UNITS IN 2023, DUE TO AGE AND LONG-TIME OCCUPANCY. SEVERAL LONGTIME RESIDENTS MOVED OUT IN 2023 AND THEIR UNITS WERE UPDATED WITH NEW KITCHENS AND UPDATED BATHROOMS AND OTHER ENHANCEMENTS TO MAKE THEM SUITABLE FOR THE NEW FAMILIES TO OCCUPY. ALL OF THE RENOVATED UNITS HAVE BEEN LEASED TO DATE AS WELL. WGCDC ALSO REPLACED FIVE ROOFS, AND FIVE HVAC SYSTEMS, ON 10 DIFFERENT PROPERTIES, IN ABINGTON TOWNSHIP THROUGH FUNDING SUPPORT PROVIDED BY ABINGTON TOWNSHIP. AS A SUBRECIPIENT OF THEIR COMMUNITY DEVELOPMENT BLOCK GRANT FUNDING, WHICH ALLOWS WGCDC IS ABLE TO MAINTAIN THE MAJOR SYSTEMS ON ITS ABINGTON PROPERTIES TO KEEP THEM SUITABLE FOR LONG TERM AFFORDABLE HOUSING. WILLOW GROVE CDC IS PLEASED TO MAINTAIN A LONG-TERM PARTNERSHIP WITH ABINGTON TOWNSHIP TO ACCOMPLISH MUTUALLY BENEFICIAL GOALS AND OBJECTIVES FOR LOW- TO-MODERATE INCOME INDIVIDUALS AND FAMILIES IN ABINGTON.
SENIOR NUTRITION PROGRAMS - WE OFFER 2 NUTRITION PROGRAMS FOR VERY LOW- INCOME PERSONS OVER AGE 60 SERVING ABOUT 140 PERSONS IN 2020. BOTH PROGRAMS PROVIDE NUTRITION EDUCATION AND ADDITIONAL SERVICES. WE DISTRIBUTE NEARLY 6 TONS OF FOOD ANNUALLY THROUGH THE SENIOR FOOD BOX PROGRAM, WHICH OFFERS MONTHLY USDA FOOD BOXES AND CHEESE. THE FOOD IS SUPPLEMENTED BY ADDITIONAL DONATED FOOD, GOODS, AND SOCIAL SERVICES. WE ALSO DISTRIBUTE FARMERS' MARKET NUTRITION VOUCHERS, WHICH PROVIDE FRESH PRODUCE FOR QUALIFIED SENIORS. WE ARE AN ACTIVE MEMBER OF MONTGOMERY COUNTY ANTI-HUNGER NETWORK.
VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROGRAM - WE OFFER INCOME TAX ASSISTANCE AND E-FILING FOR LOW-INCOME HOUSEHOLDS WITH INCOME UNDER 54,000. VOLUNTEERS TRAIN THROUGH IRS TO SERVE AS GREETERS, INTAKE INTERVIEWERS, TAX PREPARERS, QUALITY REVIEWERS, AND SITE COORDINATORS. DURING 2020, 351 TAX RETURNS WERE PREPARED BY 10 CERTIFIED VOLUNTEERS. THE OFFICE ALSO OFFERS FINANCIAL EDUCATION AND ASSET-BUILDING ACTIVITIES, SUCH AS CLASSES FOR FINANCIAL EDUCATION, CREDIT, MORTGAGES, AND HOME BUYER EDUCATION. WE ARE ACTIVE MEMBERS OF MONTGOMERY COUNTY PARTNERS FOR HOMEOWNERSHIP, AND PARTICIPATE IN THE ANNUAL MONTGOMERY COUNTY HOUSING FAIR GEARED TOWARD FIRST-TIME BUYERS. FOR 2020 AND 2021 TAX YEARS THE NUMBER OF TAX RETURNS COMPLETED EXCEEDED 500 EACH YEAR. FOR THE 2022 TAX YEAR THE NUMBER OF RETURNS WERE 435.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Henry Jacquelin President | OfficerTrustee | 1.38 | $0 |
Nelson Acevedo Vice Preside | OfficerTrustee | 0.35 | $0 |
John T Durkin Jr Treasurer | OfficerTrustee | 1.38 | $0 |
Mary Spencer Secretary | OfficerTrustee | 0.35 | $0 |
John Connell Director | Trustee | 0.35 | $0 |
Jean Dixon Director | Trustee | 0.35 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,248,878 |
All other contributions, gifts, grants, and similar amounts not included above | $93,979 |
Noncash contributions included in lines 1a–1f | $45,390 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,342,857 |
Total Program Service Revenue | $634,972 |
Investment income | $25,565 |
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 | $2,003,394 |
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. | $102,989 |
Compensation of current officers, directors, key employees. | $35,753 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $51,398 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $12,457 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $16,481 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,055 |
Advertising and promotion | $2,817 |
Office expenses | $16,275 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $206,329 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $53 |
Interest | $66,679 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $234,053 |
Insurance | $43,519 |
All other expenses | $0 |
Total functional expenses | $801,104 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,758,838 |
Pledges and grants receivable | $30,000 |
Accounts receivable, net | $6,285 |
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 | $3,299,859 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $51,775 |
Total assets | $5,146,757 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $768,536 |
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 | $1,755,997 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $49,326 |
Total liabilities | $2,573,859 |
Net assets without donor restrictions | $620,846 |
Net assets with donor restrictions | $1,952,052 |
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 | $5,146,757 |