Witherspoon Court Inc
- Assets
- $343.9k
- Revenue
- $128.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Cottage Grove, OR
- Founding
- 09/1994
- Data as of
- 12/2023
- EIN
- 93-1147575
Organization Overview
Witherspoon Court Inc is located in Cottage Grove, OR. The organization was established in 1994. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Witherspoon Court Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WITHERSPOON COURT, INC.IS A NON-PROFIT PUBLIC BENEFIT CORPORATION FORMED TO DEVELOP LOW-INCOME RENTAL APARTMENTS IN COTTAGE GROVE, OREGON. CONSTRUCTION OF WITHERSPOON COURT APARTMENTS, A 20-UNIT AFFORDABLE HOUSING COMPLEX, WAS COMPLETED IN 1997 AND HAS BEEN FULLY OCCUPIED BY QUALIFIED RESIDENTS SINCE COMPLETION. WITHERSPOON COURT, INC IS THE 100% OWNER OF 1390 PENNOYER AVENUE LLC WHICH OWNS AND OPERATES THE RENTAL APARTMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED LOW INCOME PERSONS WITH AFFORDABLE RENTAL APARTMENTS IN COTTAGE GROVE OREGON
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Hill Director | Officer | 0 | $0 |
Douglas Lund Director | Officer | 0 | $0 |
Jim Gant President | Officer | 0 | $0 |
Bruce Kelsh Treasurer | Officer | 0 | $0 |
Barbara Gant Secretary | Officer | 0 | $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 | $120,005 |
| Investment income | $8,852 |
| 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 | $128,857 |
| 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 | $27,044 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $351 |
| Payroll taxes | $3,075 |
| Fees for services: Management | $12,477 |
| Fees for services: Legal | $60 |
| Fees for services: Accounting | $1,634 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $136 |
| Fees for services: Other | $1,897 |
| Advertising and promotion | $807 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $40,462 |
| Insurance | $7,151 |
| All other expenses | $18,776 |
| Total functional expenses | $150,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,883 |
| Savings and temporary cash investments | $62,950 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $727 |
| 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 | $16,520 |
| Net Land, buildings, and equipment | $211,016 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,767 |
| Other assets | $0 |
| Total assets | $343,863 |
| Accounts payable and accrued expenses | $2,599 |
| 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 | $9,319 |
| Total liabilities | $11,918 |
| Net assets without donor restrictions | $0 |
| 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 | $331,945 |
| Total liabilities and net assets/fund balances | $343,863 |