Williams Home Incorporated
- Assets
- $29.0m
- Revenue
- $3.2m
- Investments
- $28.1m
- Employees
- 0
- Location
- Lynchburg, VA
- Founding
- 04/1943
- Data as of
- 06/2023
- EIN
- 54-0524517
Organization Overview
Williams Home Incorporated is located in Lynchburg, VA. The organization was established in 1943. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Williams Home Incorporated 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 06/2023, Williams Home Incorporated generated $3.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $2.6m during the year ending 06/2023. While expenses have increased by 2.0% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AN AFFORDABLE INDEPENDENT LIVING COMMUNITY FOR WOMEN WITH SERVICES AND AMENITIES THAT PROVIDE COMFORT, SECURITY, AND FRIENDSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas D Gerhardt President | 4 | $0 | |
Tracey Norvelle Director | 4 | $0 | |
Robert D Davis Treasurer | 4 | $0 | |
Susan Bumgarner Director | 4 | $0 | |
Kimberly Combs Director | 4 | $0 | |
Patrick Bolling Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $455,084 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $136,393 |
| Capital Gain Net Income | $136,393 |
| Net ST Capital Gain | $136,393 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,573,101 |
| Total Revenue | $3,164,578 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $86,574 |
| Other employee salaries and wages | $1,075,606 |
| Pension plans, employee benefits | $45,072 |
| Interest | $0 |
| Taxes | $135,808 |
| Depreciation | $182,929 |
| Occupancy | $117,334 |
| Travel, conferences, and meetings | $4,929 |
| Printing and publications | $0 |
| Other expenses | $768,705 |
| Total operating and administrative expenses | $2,616,917 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,616,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,357 |
| Savings and temporary cash investments | $127,272 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,123 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,975,937 |
| Net Land, buildings, and equipment | $694,569 |
| Other assets | $0 |
| Total assets | $29,031,090 |
| Accounts payable and accrued expenses | $48,670 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $166,465 |
| Total liabilities | $215,135 |