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Nonprofiteer
← WILLOW CREEK HOUSING INC

Form 990 for tax year 2022

Filed by WILLOW CREEK HOUSING INC.

Totals

Total revenue
$2,201,385
Total expenses
$30,368,525
Contributions and grants received
$1,607,305
Grants paid
$27,759,784
Program service revenue
$585,193
Investment income
$0
Other revenue
$8,887
Total assets, end of year
$6,964,675
Total liabilities, end of year
$38,431,301
Net assets or fund balances, end of year
-$31,466,626
Program services expenses (Part IX)
$30,146,295
Management and general expenses
$222,230
Fundraising expenses
$0
Program service expenses (Part III)
$30,146,295

Program services were 99.3% 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.

  • 1e · Government grants (contributions)

    $1,607,305

  • 2a · Program service revenue: RENTAL INCOME

    total $585,193 · related or exempt $585,193

  • 11a · Other revenue: LAUNDRY AND VENDING

    total $6,964 · related or exempt $6,964

  • 11d · All other revenue

    total $1,923 · related or exempt $1,923

  • 11e · Other revenue, total

    $8,887

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,759,784 · program services $27,759,784

  • 7 · Other salaries and wages

    total $218,613 · program services $218,613

  • 9 · Other employee benefits

    total $32,088 · program services $32,088

  • 10 · Payroll taxes

    total $17,068 · program services $17,068

  • 11a · Fees: management

    total $211,480 · management and general $211,480

  • 11c · Fees: accounting

    total $38,590 · program services $27,840 · management and general $10,750

  • 13 · Office expenses

    total $75,086 · program services $75,086

  • 16 · Occupancy

    total $1,654,798 · program services $1,654,798

  • 22 · Depreciation, depletion and amortization

    total $345,884 · program services $345,884

  • 24a · Other expenses: BAD DEBTS

    total $14,440 · program services $14,440

  • 24b · Other expenses: MISC TAXES

    total $694 · program services $694

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $280,185 · end of year $26,771

  • 4 · Accounts receivable

    beginning of year $165,863 · end of year $8,376

  • 9 · Prepaid expenses and deferred charges

    beginning of year $72,280 · end of year $65,867

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

    $6,820,425

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

    $1,657,205

  • 10c · Land, buildings and equipment, net

    beginning of year $5,233,093 · end of year $5,163,220

  • 14 · Intangible assets

    end of year $1,433,698

  • 15 · Other assets

    beginning of year $357,493 · end of year $266,743

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,794 · end of year $61,833

  • 19 · Deferred revenue

    beginning of year $13,617 · end of year $18,577

  • 21 · Escrow or custodial account liability

    end of year $78,299

  • 23 · Secured mortgages and notes payable

    beginning of year $9,285,748 · end of year $38,272,592

  • 25 · Other liabilities

    beginning of year $79,241 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$3,299,486 · end of year -$31,466,626

Mission and programs · 2022

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME INDIVIDUALS AND THEIR FAMILIES

  • TO OPERATE AN AFFORDABLE HOUSING COMMUNITY FOR LOW-INCOME INDIVIDUALS

    Expenses $30,146,295 · Grants $27,759,784 · Revenue $594,080

As filed on the 2022 return.

Listed in Part VII

  • Bernard Beal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Custer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Travis

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2025
IRS schema version
2022v5.0
Source object
202511349349309356

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