Woodbine Community Organization Wco Inc
- Assets
- $141.0m
- Revenue
- $21.5m
- Investments
- $537.8k
- Employees
- 22
- Location
- Nashville, TN
- Founding
- 12/1986
- Data as of
- 12/2022
- EIN
- 62-1280006
Organization Overview
Woodbine Community Organization Wco Inc is located in Nashville, TN. The organization was established in 1986. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Woodbine Community Organization Wco Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodbine Community Organization Wco 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 12/2022, Woodbine Community Organization Wco Inc generated $21.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $13.1m during the year ending 12/2022. While expenses have increased by 11.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ACCESS TO AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES, DISABLED AND SENIOR INDIVIDUALS, BUILD AND MANAGE SHARED LIVING UNITS, ASSIST SENIOR CITIZENS, PROVIDE ENGLISH AS A SECOND LANGUAGE ASSISTANCE, PROVIDE VITA (VOLUNTEER INCOME TAX ASSISTANCE), LEAPS PROGRAM - TUTORING FOR ELEMENTARY SCHOOL STUDENTS, AND HOMEBUYER EDUCATION, RENTAL READINESS, REVERSE MORTGAGE COUNSELING, AND OTHER PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING PROGRAM - WCO HAS DEVELOPED A SPECIFIC EXPERTISE IN DEVELOPING, BUILDING AND MANAGING SHARED LIVING RESIDENCES. TODAY, WCO OWNS 509 SHARED LIVING UNITS, OF WHICH 217 ARE FOR DISABLED AND/OR SENIOR INDIVIDUALS ABLE TO LIVE INDEPENDENTLY, AND ANOTHER 292 UNITS ARE INTERMEDIATE CARE FACILITIES (ICF/IID) THAT PROVIDE FOOD, SHELTER, HEALTH OR REHABILITATIVE TREATMENT FOR INTELLECTUALLY DISABLED CLIENTS.
WCO SPECIALIZES IN PROVIDING HUD AND NEIGHBORWORKS CERTIFIED COUNSELING SERVIES; PREDOMINANTLY FOCUSED ON PRE AND POST PURCHASE HOME BUYING AND FINANCIAL LITERACY CLUBS - SERVING WELL OVER 10,000 CLIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Woodham Exec Directo | Officer | 40 | $141,116 |
Carla Jarrell Board Member | Trustee | 1 | $0 |
Thomas J Derrick Jr Chairman | OfficerTrustee | 2 | $0 |
Quatrece Mckinney Board Member | Trustee | 1 | $0 |
Benjamin Mercer Vice Chair | OfficerTrustee | 1 | $0 |
Anna Page Personnel Ch | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,796,157 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,998,403 |
| Noncash contributions included in lines 1a–1f | $1,452,434 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,794,560 |
| Total Program Service Revenue | $14,178,045 |
| Investment income | $156,191 |
| 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 | $21,451,257 |
| 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. | $141,116 |
| Compensation of current officers, directors, key employees. | $35,279 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $976,764 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $200,310 |
| Payroll taxes | $261,198 |
| Fees for services: Management | $347,093 |
| Fees for services: Legal | $20,322 |
| Fees for services: Accounting | $108,106 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,512 |
| Office expenses | $98,806 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $986,637 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,372 |
| Interest | $4,147,127 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,144,594 |
| Insurance | $380,131 |
| All other expenses | $53,325 |
| Total functional expenses | $13,102,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,933,888 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,629,077 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,991,447 |
| Inventories for sale or use | $7,978,118 |
| Prepaid expenses and deferred charges | $135,046 |
| Net Land, buildings, and equipment | $86,621,651 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $537,755 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,125,663 |
| Total assets | $140,952,645 |
| Accounts payable and accrued expenses | $73,286 |
| Grants payable | $0 |
| Deferred revenue | $3,060,601 |
| Tax-exempt bond liabilities | $52,200,824 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $20,950,044 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,341,603 |
| Total liabilities | $78,626,358 |
| Net assets without donor restrictions | $57,767,104 |
| Net assets with donor restrictions | $4,559,183 |
| 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 | $140,952,645 |