Woodbourne Woods Inc
- Assets
- $4.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 06/2001
- Data as of
- 06/2022
- EIN
- 52-2299070
Organization Overview
Woodbourne Woods Inc is located in Baltimore, MD. The organization was established in 2001. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodbourne Woods 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 06/2022, Woodbourne Woods Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 4.0% per year over the past 4 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
SEE SCHEDULE OWOODBOURNE WOODS, INC. IS ORGANIZED AND OPERATED TO PROVIDE LOW INCOME HOUSING FOR THE POOR AND ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WOODBOURNE WOODS, INC. WAS FORMED TO SERVE SENIOR CITIZENS WHO HAVE LOW INCOME AND WHO ARE IN NEED OF SECURE, AFFORDABLE HOUSING THROUGH ITS DEVELOPMENT OF A 71-UNIT APARTMENT COMPLEX. OTHER SUPPORT SERVICES OFFERED INCLUDE HOUSEKEEPING, SOCIAL SERVICES, TRANSPORTATION, COUNSELING, AND SOCIAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Chambers Director | Trustee | 1 | $0 |
Dan Cahill Chairman | OfficerTrustee | 1 | $0 |
Deana Stout Treasurer | Officer | 1 | $0 |
Pamela Wassel President | Officer | 20 | $53,917 |
FR Larry Johnson Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $826,670 |
| 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 | $826,670 |
| Total Program Service Revenue | $294,710 |
| Investment income | $66 |
| 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 | $1,122,698 |
| 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. | $61,878 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $193,457 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,576 |
| Payroll taxes | $36,031 |
| Fees for services: Management | $50,700 |
| Fees for services: Legal | $342 |
| Fees for services: Accounting | $17,218 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $350 |
| Office expenses | $17,489 |
| 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 | $329 |
| Interest | $20 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $181,550 |
| Insurance | $2,261 |
| All other expenses | $0 |
| Total functional expenses | $1,249,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,474 |
| Savings and temporary cash investments | $31,277 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,213 |
| 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 | $3,725,535 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $677,278 |
| Total assets | $4,443,777 |
| Accounts payable and accrued expenses | $58,747 |
| 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 | $5,806,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $143,802 |
| Total liabilities | $6,008,549 |
| Net assets without donor restrictions | -$1,564,772 |
| 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 | $4,443,777 |