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Nonprofiteer
← WCM REAL ESTATE NFP

Form 990 for tax year 2023

Filed by WCM REAL ESTATE NFP.

Totals

Total revenue
$4,633,729
Total expenses
$821,089
Contributions and grants received
$4,330,107
Grants paid
$0
Program service revenue
$303,622
Investment income
$0
Other revenue
$0
Total assets, end of year
$9,670,758
Total liabilities, end of year
$8,591,864
Net assets or fund balances, end of year
$1,078,894
Program services expenses (Part IX)
$821,089
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$821,089

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $189,207

  • 1f · All other contributions, gifts and grants

    $4,140,900

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $303,622 · related or exempt $303,622

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $244,365 · program services $244,365

  • 11b · Fees: legal

    total $33,556 · program services $33,556

  • 20 · Interest

    total $189,207 · program services $189,207

  • 22 · Depreciation, depletion and amortization

    total $311,666 · program services $311,666

  • 23 · Insurance

    total $41,295 · program services $41,295

  • 24a · Other expenses: OTHER EXPENSES

    total $1,000 · program services $1,000

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $43,830

  • 10a · Land, buildings and equipment: cost or other basis

    $11,964,201

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,293,443

  • 10c · Land, buildings and equipment, net

    beginning of year $9,982,424 · end of year $9,670,758

  • 17 · Accounts payable and accrued expenses

    end of year $8,591,864

  • 24 · Unsecured notes and loans payable

    beginning of year $12,760,000

  • 27 · Net assets without donor restrictions

    beginning of year -$2,733,746 · end of year $1,078,894

Mission and programs · 2023

Mission

FOR FINANCING PURPOSES, MAINTAINS PROPERTY AND EQUIPMENT WHICH SUPPORTS THE WASHINGTON CITY MISSION'S (EIN 25-1051749) PROGRAMS AND OPERATIONS.

  • IN ORDER TO REBUILD FROM A DEVASTING FIRE IN 2015, THE FINANCING STRUCTURE REQUIRED THE TRANSFER OF PROPERTY AND EQUIPMENT OWNED BY THE WASHINGTON CITY MISSION TO THE WCM REAL ESTATE NFP (NFP). THE NFP WILL MAINTAIN THE PROPERTY AND EQUIPMENT FOR THE BENEFIT OF THE MISSION UNTIL THE DEBT IS REPAID.

    Expenses $821,089 · Revenue $303,622

As filed on the 2023 return.

Listed in Part VII

  • Dean Gartland

    PRESIDENT &

    Total calculated
    $145,305
    From this org
    $0
    From related orgs
    $120,584
    Other
    $24,721

  • Rick Bryant

    AT LARGE BOA

    Total calculated
    $0

  • Tom Kennedy

    DIRECTOR

    Total calculated
    $0

  • Stephen McCarron

    TREASURER

    Total calculated
    $0

  • Jim Medved

    SECRETARY

    Total calculated
    $0

  • Robert J Winters

    PRESIDENT

    Total calculated
    $0

  • Diana Irey Vaughan

    PRESIDENT &

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
28 February 2025
IRS schema version
2023v6.0
Source object
202530599349300318

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