Wood County Home Corporation
- Assets
- $576.4k
- Revenue
- $230.6k
- Investments
- $194.5k
- Employees
- 20
- Location
- Parkersburg, WV
- Founding
- 01/1953
- Data as of
- 12/2022
- EIN
- 55-0404907
Organization Overview
Wood County Home Corporation is located in Parkersburg, WV. The organization was established in 1953. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Wood County Home Corporation employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wood County Home 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 12/2022, Wood County Home Corporation generated $230.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $472.8k during the year ending 12/2022. 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
TO PROVIDE ASSISTED LIVING FACILITY FOR RESIDENTIAL CARE TO ELDERLY RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ASSISTED LIVING FACILITY FOR RESIDENTIAL CARE TO ELDERLY RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren Carter Vice President | Officer | 1 | $0 |
Earl D Johnson President | Officer | 1 | $0 |
Diana Johnson Secretary | Officer | 1 | $0 |
Kim Tennant Treasurer | Officer | 1 | $0 |
Barbara Smith Board Member | Trustee | 1 | $0 |
Cindy Moore Board Member | Trustee | 1 | $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 | $21,533 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,533 |
| Total Program Service Revenue | $209,104 |
| Investment income | $0 |
| 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 | $230,637 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,383 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,001 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,323 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,284 |
| Office expenses | $2,363 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $219 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,385 |
| Insurance | $14,350 |
| All other expenses | $23,542 |
| Total functional expenses | $472,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,167 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $379,715 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $194,546 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $576,428 |
| Accounts payable and accrued expenses | $3,135 |
| 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 | $6,708 |
| Total liabilities | $9,843 |
| Net assets without donor restrictions | $566,585 |
| 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 | $576,428 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wood County Home Corporation has recieved totaling $5,312.
| Awarding Organization | Amount |
|---|---|
Parkersburg Area Community Foundation Inc Parkersburg, WV PURPOSE: SENIORS | $5,312 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ann S Choice Inc Warminster, PA | $390,463,878 | $78,899,329 |
Acts Retirement Services Inc Fort Washington, PA | $53,774,543 | $61,999,737 |
Whitemarsh Continuing Care Retirement Community Lafayette Hill, PA | $237,675,792 | $39,315,037 |
Blanchard Valley Continuing Care Services Findlay, OH | $61,929,671 | $35,904,527 |
King Farm Presbyterian Retirement Rockville, MD | $301,432,870 | $34,783,503 |
Concordia Lutheran Ministries Of Pittsburgh Pittsburgh, PA | $101,461,859 | $42,844,424 |
Twin Lakes Cincinnati, OH | $221,116,873 | $30,548,357 |
Lutheran Home For The Aged Erie, PA | $0 | $39,821,403 |
St Leonard Centerville, OH | $96,777,617 | $31,237,067 |
Kenton Housing Inc Latonia, KY | $68,380,829 | $31,745,821 |
Allied Services Personal Care Inc Clarks Summit, PA | $28,269,893 | $25,176,548 |
Village At Orchard Ridge Inc Frederick, MD | $155,766,299 | $22,895,299 |