Woodbine Community Organization Wco Inc
- Assets
- $99.9m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 22
- Location
- Nashville, TN
- Founding
- 12/1986
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Woodbine Community Organization Wco Inc generated $15.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $9.8m during the year ending 12/2021. While expenses have increased by 8.6% per year over the past 7 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Woodham Exec Directo | Officer | 40 | $131,592 |
Thomas J Derrick Jr Chairman | OfficerTrustee | 2 | $0 |
Benjamin Mercer Vice Chair | OfficerTrustee | $0 | |
Floyd Shecter Secretary | OfficerTrustee | $0 | |
Carla Jarrell Board Member | Trustee | 2 | $0 |
Quatrece Mckinney Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,186,617 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $1,537,650 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,191,617 |
| Total Program Service Revenue | $10,892,262 |
| Investment income | $76,466 |
| 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 | $15,160,345 |
| 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. | $131,592 |
| Compensation of current officers, directors, key employees. | $32,898 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $927,896 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $161,382 |
| Payroll taxes | $171,290 |
| Fees for services: Management | $143,179 |
| Fees for services: Legal | $46,504 |
| Fees for services: Accounting | $113,108 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,457 |
| Office expenses | $85,370 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $871,870 |
| Travel | $2,400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $204 |
| Interest | $2,671,407 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,417,768 |
| Insurance | $310,471 |
| All other expenses | $19,969 |
| Total functional expenses | $9,819,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,067,151 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,047,826 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,191,144 |
| Inventories for sale or use | $4,692,642 |
| Prepaid expenses and deferred charges | $133,976 |
| Net Land, buildings, and equipment | $67,254,916 |
| Investments—publicly traded securities | $537,755 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,947,074 |
| Total assets | $99,872,484 |
| Accounts payable and accrued expenses | $505,086 |
| Grants payable | $0 |
| Deferred revenue | $97,579 |
| Tax-exempt bond liabilities | $9,416,295 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $34,186,955 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,375,139 |
| Total liabilities | $46,581,054 |
| Net assets without donor restrictions | $47,965,980 |
| Net assets with donor restrictions | $5,325,450 |
| 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 | $99,872,484 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Woodbine Community Organization Wco Inc has recieved totaling $7,890.
| Awarding Organization | Amount |
|---|---|
United Way Of Middle Tennessee Inc Nashville, TN PURPOSE: SUB-RECIPIENT GRANTS | $7,890 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |
Macon Bibb County Economic Opportunity Council Inc Macon, GA | $9,862,743 | $18,330,804 |
Economic Opportunity For Savannah Chatham County Area Inc Savannah, GA | $8,523,279 | $14,850,530 |
Coastal Plain Area Economic Opportunity Authority Inc Valdosta, GA | $6,623,534 | $13,801,263 |
Northwest Arkansas Council Foundation Springdale, AR | $9,473,428 | $13,530,717 |
Coastal Community Action Inc Newport, NC | $6,264,251 | $13,623,681 |
South Central Missouri Community Action Agency Winona, MO | $9,962,741 | $13,195,865 |
Community Action Agency Of St Louis County Inc Overland, MO | $8,798,142 | $11,519,810 |
Golden Triangle Planning & Development District Inc Starkville, MS | $16,192,589 | $11,220,298 |