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Nonprofiteer
← WILMINGTON HOUSING PARTNERSHIP CORP

Form 990 for tax year 2022

Filed by WILMINGTON HOUSING PARTNERSHIP CORP.

Totals

Total revenue
$253,629
Total expenses
$465,270
Contributions and grants received
$189,500
Grants paid
$0
Program service revenue
$0
Investment income
$6,625
Other revenue
$57,504
Total assets, end of year
$1,148,205
Total liabilities, end of year
$4,472,440
Net assets or fund balances, end of year
-$3,324,235
Program services expenses (Part IX)
$465,270
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$465,270

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.

  • 1e · Government grants (contributions)

    $180,000

  • 1f · All other contributions, gifts and grants

    $9,500

  • 7a · Gross sales of assets other than inventory

    other assets $6,625

  • 7c · Gain or loss

    other assets $6,625

  • 7d · Net gain or loss

    total $6,625 · related or exempt $6,625

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $57,384 · related or exempt $57,384

  • 11b · Other revenue: OTHER INCOME

    total $120 · related or exempt $120

  • 11e · Other revenue, total

    $57,504

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $1,230 · program services $1,230

  • 11b · Fees: legal

    total $13,230 · program services $13,230

  • 11c · Fees: accounting

    total $18,158 · program services $18,158

  • 13 · Office expenses

    total $500 · program services $500

  • 20 · Interest

    total $165,487 · program services $165,487

  • 23 · Insurance

    total $5,707 · program services $5,707

  • 24a · Other expenses: BANK CHARGES

    total $41,209 · program services $41,209

  • 24b · Other expenses: DONATED FACILITIES

    total $9,500 · program services $9,500

  • 24c · Other expenses: PROVISIONAL LOSS - RISE

    total $210,000 · program services $210,000

  • 24d · Other expenses: MISCELLANEOUS

    total $249 · program services $249

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $89,907 · end of year $119,202

  • 4 · Accounts receivable

    beginning of year $74,482 · end of year $74,482

  • 7 · Other notes and loans receivable

    beginning of year $749,697 · end of year $701,021

  • 8 · Inventories for sale or use

    beginning of year $31,000 · end of year $211,000

  • 15 · Other assets

    end of year $42,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,085 · end of year $19,859

  • 23 · Secured mortgages and notes payable

    beginning of year $3,378,372 · end of year $3,378,372

  • 25 · Other liabilities

    beginning of year $698,722 · end of year $1,074,209

  • 28 · Net assets with donor restrictions

    beginning of year -$3,155,093 · end of year -$3,324,235

Mission and programs · 2022

Mission

TO COLLABORATE WITH SELECT PRIVATE, NON-PROFIT, AND GOVERNMENTAL ENTITIES TO INCREASE THE CITY OF WILMINGTONS AFFORDABLE HOUSING STOCK BY PROMOTING RENOVATION/REHABILITATION AND LIMITED NEW HOME CONSTRUCTION IN STATEGICALLY SELECTED AREAS WHILE SUPPORTING LOW TO MODERATE INCOME

  • SUBSIDIZED CONTRUCTION AND RENOVATION OF AFFORDABLE HOUSING IN WILMINGTON, DELAWARE

    Expenses $465,270

As filed on the 2022 return.

Listed in Part VII

  • Brett Taylor

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tanya Washington

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard Gessner

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bob Weir

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Herbert Inden

    TREASURER

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
25 April 2024
IRS schema version
2022v5.0
Source object
202401189349300700

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