Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: GOVERNMENT CONTRACTS

  total $97,098 · related or exempt $97,098

• 2b · Program service revenue: TENANT FEES/ASSISTANCE

  total $26,935 · related or exempt $26,935

• 3 · Investment income

  total $262 · excluded $262

• 11a · Other revenue: REFUND

  total $1,299 · excluded $1,299

• 11e · Other revenue, total

  $1,299

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $19,137 · program services $19,137

• 7 · Other salaries and wages

  total $15,626 · program services $15,626

• 8 · Pension plan contributions

  total $290 · program services $290

• 9 · Other employee benefits

  total $10,287 · program services $10,287

• 10 · Payroll taxes

  total $2,516 · program services $2,516

• 11c · Fees: accounting

  total $8,180 · management and general $8,180

• 11g · Fees: other

  total $4,314 · program services $1,281 · management and general $3,033

• 13 · Office expenses

  total $1,178 · program services $1,056 · management and general $122

• 14 · Information technology

  total $5,670 · program services $5,670

• 16 · Occupancy

  total $44,087 · program services $44,087

• 17 · Travel

  total $296 · program services $296

• 22 · Depreciation, depletion and amortization

  total $5,199 · program services $5,199

• 23 · Insurance

  total $4,207 · program services $4,207

• 24a · Other expenses: SETTLEMENT EXPENSES

  total $485 · program services $485

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $20,609 · end of year $13,698

• 2 · Savings and temporary cash investments

  beginning of year $59,502 · end of year $54,001

• 4 · Accounts receivable

  beginning of year $11,221 · end of year $9,724

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

  $364,084

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

  $283,023

• 10c · Land, buildings and equipment, net

  beginning of year $58,160 · end of year $81,061

• 15 · Other assets

  beginning of year $485 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $3,644 · end of year $3,109

• 24 · Unsecured notes and loans payable

  beginning of year $21,027 · end of year $21,027

• 25 · Other liabilities

  beginning of year $12,422 · end of year $17,342

• 27 · Net assets without donor restrictions

  beginning of year $112,884 · end of year $117,006

The filer's explanations (Part III)

PART I, LINE 3

WOODLEY HOUSING CORPORATION (WHC) AND WOODLEY HOUSE, INC. (WHI) SHARE OFFICE SPACE, EMPLOYEES AND RELATED OFFICE EXPENSES UNDER A MANAGEMENT SERVICE AGREEMENT. WHI'S EXECUTIVE COMMITTEE EVALUATES THE EXECUTIVE DIRECTOR'S SALARY ANNUALLY AND AUTHORIZES ANY SALARY CHANGE BASED ON INFORMATION FROM OTHER SIMILAR NON-PROFITS AND CONSULTANTS. HOWEVER, WHI DOES NOT HAVE A PROCESS FOR DETERMINING THE COMPENSATION OF ITS OFFICERS OTHER THAN THE EXECUTIVE DIRECTOR.