Westland Taylor Corporation
- Assets
- $13.5m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 12
- Location
- Westland, MI
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 27-0563115
Organization Overview
Westland Taylor Corporation is located in Westland, MI. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2023, Westland Taylor Corporation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westland Taylor 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, Westland Taylor Corporation generated $5.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $3.7m during the year ending 12/2023. While expenses have increased by 4.9% per year over the past 8 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
TO PROVIDE LOW INCOME HOUSING TO ELDERLY AND DISABLED TENANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOW INCOME HOUSING TO ELDERLY AND HANDICAPPED INDIVIDUALS AND TO PROVIDE CERTAIN SERVICES TO TENANTS. THE TOTAL NUMBER OF TENANTS SERVICED IS APPROXIMATELY 293
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Dehart-Schulcz Executive Dir. | Officer | 30 | $135,444 |
Eileen Dehart President | OfficerTrustee | 0 | $0 |
Michael Reddy Sr Director | Trustee | 0 | $0 |
Mark Neal Treasurer | OfficerTrustee | 0 | $0 |
Joanne Campbell Secretary | OfficerTrustee | 0 | $0 |
Dan Block Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,700,312 |
| 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 | $1,700,312 |
| Total Program Service Revenue | $1,334,047 |
| Investment income | $1,213 |
| 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 | $5,481,425 |
| 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. | $135,444 |
| Compensation of current officers, directors, key employees. | $135,444 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $489,200 |
| Pension plan accruals and contributions | $39,449 |
| Other employee benefits | $238,211 |
| Payroll taxes | $47,627 |
| Fees for services: Management | $102,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,659 |
| 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 | $76,425 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,708,848 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,933 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $489,861 |
| Insurance | $261,207 |
| All other expenses | $0 |
| Total functional expenses | $3,736,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,138 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,684 |
| 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 | $211,767 |
| Net Land, buildings, and equipment | $12,247,693 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $877,239 |
| Total assets | $13,458,521 |
| Accounts payable and accrued expenses | $290,209 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $105,920 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,620,069 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,184 |
| Total liabilities | $11,026,382 |
| Net assets without donor restrictions | $0 |
| 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 | $2,432,139 |
| Total liabilities and net assets/fund balances | $13,458,521 |