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Nonprofiteer
← WASHINGTON HOUSING CONSERVANCY INC

Form 990 for tax year 2022

Filed by WASHINGTON HOUSING CONSERVANCY INC.

Totals

Total revenue
$23,718,775
Total expenses
$33,295,830
Contributions and grants received
$887,639
Grants paid
$0
Program service revenue
$22,811,468
Investment income
$19,668
Other revenue
$0
Total assets, end of year
$482,994,680
Total liabilities, end of year
$490,165,039
Net assets or fund balances, end of year
-$7,170,359
Program services expenses (Part IX)
$32,434,032
Management and general expenses
$568,358
Fundraising expenses
$293,440
Program service expenses (Part III)
$32,434,032

Program services were 97.4% 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.

  • 1f · All other contributions, gifts and grants

    $887,639

  • 2a · Program service revenue: RENTAL REVENUE

    total $22,811,468 · related or exempt $22,811,468

  • 3 · Investment income

    total $19,668 · excluded $19,668

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $615,842 · program services $252,495 · management and general $160,119 · fundraising $203,228

  • 8 · Pension plan contributions

    total $26,934 · program services $11,043 · management and general $7,003 · fundraising $8,888

  • 9 · Other employee benefits

    total $39,532 · program services $16,208 · management and general $10,278 · fundraising $13,046

  • 10 · Payroll taxes

    total $38,024 · program services $15,590 · management and general $9,886 · fundraising $12,548

  • 11c · Fees: accounting

    total $142,306 · management and general $142,306

  • 11g · Fees: other

    total $215,646 · program services $171,986 · management and general $19,240 · fundraising $24,420

  • 13 · Office expenses

    total $10,365 · program services $4,250 · management and general $2,695 · fundraising $3,420

  • 14 · Information technology

    total $5,027 · program services $2,061 · management and general $1,307 · fundraising $1,659

  • 16 · Occupancy

    total $36,000 · program services $14,760 · management and general $9,360 · fundraising $11,880

  • 20 · Interest

    total $311,858 · program services $311,858

  • 22 · Depreciation, depletion and amortization

    total $421 · program services $173 · management and general $109 · fundraising $139

  • 23 · Insurance

    total $65,558 · management and general $65,558

  • 24a · Other expenses: RENTAL EXPENSES

    total $31,005,297 · program services $31,005,297

  • 24b · Other expenses: OPERATING AND MAINTENAN

    total $653,720 · program services $628,311 · management and general $11,197 · fundraising $14,212

  • 24c · Other expenses: STRATEGIC SUPPORT

    total $129,300 · management and general $129,300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,139,832 · end of year $18,453,859

  • 3 · Pledges and grants receivable

    beginning of year $2,602,617 · end of year $1,392,084

  • 4 · Accounts receivable

    beginning of year $239,704 · end of year $333,412

  • 9 · Prepaid expenses and deferred charges

    beginning of year $52,353 · end of year $95,238

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

    $479,486,352

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

    $18,219,213

  • 10c · Land, buildings and equipment, net

    beginning of year $395,690,219 · end of year $461,267,139

  • 13 · Investments: program-related

    beginning of year $1,979,273 · end of year $1,283,975

  • 14 · Intangible assets

    beginning of year $1,578 · end of year $5,525

  • 15 · Other assets

    beginning of year $554,608 · end of year $163,448

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,567,839 · end of year $2,350,837

  • 19 · Deferred revenue

    beginning of year $75,474 · end of year $56,266

  • 23 · Secured mortgages and notes payable

    beginning of year $375,204,277 · end of year $446,504,637

  • 25 · Other liabilities

    beginning of year $41,005,898 · end of year $41,253,299

  • 27 · Net assets without donor restrictions

    beginning of year $2,406,696 · end of year -$7,170,359

Mission and programs · 2022

Mission

THE WASHINGTON HOUSING CONSERVANCY IS PRESERVING AFFORDABLE WORKFORCEHOUSING AND SERVING AS STEWARDS FOR LONG-TERM AFFORDABILITY IN THEWASHINGTON AREA.

Activities or mission (Part I)

THE WASHINGTON HOUSING CONSERVANCY IS PRESERVING AFFORDABLE WORKFORCE HOUSING AND SERVING AS STEWARDS FOR LONG-TERM AFFORDABILITY IN THE WASHINGTON AREA.

  • PROGRAM SERVICES: ESTABLISH PROGRAMS AND SERVICES TO ENSURE ADHERENCE WITH AFFORDABILITY COVENANTS AND TO PRESERVE HOMES THAT ARE AFFORDABLE FOR RESIDENTS. IN ADDITION, WHC ASSESSES COMMUNITY NEEDS AND BUILDS PARTNERSHIPS WITH SERVICE PROVIDERS. WHC IS CREATING INCLUSIVE AND DIVERSE MIXED-INCOME COMMUNITIES FOR INDIVIDUALS AND FAMILIES.

    Expenses $1,428,735

  • RENTAL OPERATING: ACQUIRING AND OWNING UNITS OF AFFORDABLE HOUSING TO ACHIEVE THE GOAL OF STABILIZING RENTS, PREVENTING DISPLACEMENT, AND CREATING COMMUNITIES WHERE MODERATE TO LOW-INCOME RESIDENTS AND THEIR FAMILIES WANT TO BE.

    Expenses $31,005,297 · Revenue $22,817,090

As filed on the 2022 return.

Listed in Part VII

  • David Roodberg

    CHAIR

    Total calculated
    $0
    Hours/week
    8

  • Joshua Bernstein

    TREASURER

    Total calculated
    $0
    Hours/week
    6

  • Deborah Ratner Salzberg

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Charlene Drew Jarvis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cary Hatch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carol Thompson Cole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Rob Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Gardner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Tamara Copeland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Clinton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Maria Gomez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Eshauna Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Driggins

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • WHC - CRYSTAL LLC

    ACQUIRE, OPERATE, AND MAINTAIN LAND · DC

    Directly controlled by WASHINGTON HOUSING CONSERVANCY INC

  • WHC - HUNTWOOD COURTS APARTMENTS

    ACQUIRE, OPERATE, AND MAINTAIN LAND · DC

    Directly controlled by WASHINGTON HOUSING CONSERVANCY INC

  • WHC - LOREE GRAND

    ACQUIRE, OPERATE, AND MAINTAIN LAND · DC

    Directly controlled by WASHINGTON HOUSING CONSERVANCY INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • HAMILTON MANOR MEZZANINE PARTNERS LLC

    RENTAL · RENTAL REAL ESTATE · MD · share of income -$546,328 · share of assets $835,081 · general or managing partner

  • EARLE MANOR MEZZANINE PARTNERS LLC

    RENTAL · RENTAL REAL ESTATE · MD · share of income -$320,065 · share of assets $448,894 · general or managing partner

Provenance

Return type
form_990
Tax year
2022
Filed
24 August 2023
IRS schema version
2022v5.0
Source object
202342369349301204

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