Woods Cooperative Association Inc
- Assets
- $14.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Little River, CA
- Founding
- Data as of
- 12/2023
- EIN
- 87-1541942
Organization Overview
Woods Cooperative Association Inc is located in Little River, CA. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Woods Cooperative Association Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woods Cooperative Association 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 12/2023, Woods Cooperative Association Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 3.9% per year over the past 2 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OWN AND OPERATE A MANUFACTURED HOUSING COOMMUNITY; AND TO GAIN CONTROL OF THE RENTAL COSTS, PRESERVE THE COMMUNITY FOR THE CURRENT RESIDENTS, AND KEEP IT AFFORDABLE LONG TERM FOR LOW AND MODERATE-INCOME INDIVIDUALS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED COOPERATING HOUSING IN A MANUFACTURED HOMES COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Kachik President | OfficerTrustee | 15 | $0 |
Susan Holli-Neidlinger Vice President | OfficerTrustee | 15 | $0 |
Cynthia Johnson Treasurer | OfficerTrustee | 15 | $0 |
Carol Bishop Secretary | OfficerTrustee | 15 | $0 |
Patricia Davis Member-At-Large | OfficerTrustee | 15 | $0 |
Sheila Klopper Member-At-Large | OfficerTrustee | 15 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,658,493 |
| Investment income | $6,944 |
| 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 | $1,665,566 |
| 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 | $197,344 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,523 |
| Payroll taxes | $15,279 |
| Fees for services: Management | $54,000 |
| Fees for services: Legal | $39,623 |
| Fees for services: Accounting | $18,031 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,862 |
| Advertising and promotion | $30 |
| Office expenses | $24,274 |
| Information technology | $12,146 |
| Royalties | $0 |
| Occupancy | $463,685 |
| Travel | $7,694 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $587,057 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $149,636 |
| Insurance | $85,923 |
| All other expenses | $79 |
| Total functional expenses | $1,690,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,739 |
| Savings and temporary cash investments | $1,283,503 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,634 |
| 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 | $85,245 |
| Net Land, buildings, and equipment | $13,049,577 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,453,698 |
| Accounts payable and accrued expenses | $96,011 |
| 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 | $13,904,288 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,296 |
| Total liabilities | $14,020,595 |
| Net assets without donor restrictions | $269,388 |
| Net assets with donor restrictions | $163,715 |
| 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 | $14,453,698 |