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← FRANKLIN-VANCE-WARREN-WILSON HOUSING OF WILSON INC

Form 990 for tax year 2022

Filed by FRANKLIN-VANCE-WARREN-WILSON HOUSING OF WILSON INC.

Totals

Total revenue
$367,477
Total expenses
$336,564
Contributions and grants received
$265,253
Grants paid
$0
Program service revenue
$101,883
Investment income
$72
Other revenue
$269
Total assets, end of year
$905,479
Total liabilities, end of year
$1,166,474
Net assets or fund balances, end of year
-$260,995
Program services expenses (Part IX)
$283,613
Management and general expenses
$52,951
Fundraising expenses
$0
Program service expenses (Part III)
$283,613

Program services were 84.3% 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)

    $265,253

  • 2a · Program service revenue: RENTAL INCOME

    total $101,883 · related or exempt $101,883

  • 3 · Investment income

    total $72 · excluded $72

  • 11a · Other revenue: TENANT CHARGES

    total $269 · excluded $269

  • 11e · Other revenue, total

    $269

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $26,409 · management and general $26,409

  • 11b · Fees: legal

    total $183 · management and general $183

  • 11c · Fees: accounting

    total $7,095 · management and general $7,095

  • 12 · Advertising and promotion

    total $5,828 · management and general $5,828

  • 13 · Office expenses

    total $13,388 · management and general $13,388

  • 16 · Occupancy

    total $192,338 · program services $192,338

  • 22 · Depreciation, depletion and amortization

    total $58,252 · program services $58,252

  • 24a · Other expenses: MANAGEMENT COMPANY EMPL

    total $32,940 · program services $32,940

  • 24b · Other expenses: BAD DEBTS

    total $83 · program services $83

  • 24c · Other expenses: MISC FINANCIAL FEES

    total $48 · management and general $48

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,296 · end of year $23,870

  • 2 · Savings and temporary cash investments

    beginning of year $89,216 · end of year $96,510

  • 4 · Accounts receivable

    beginning of year $3,875 · end of year $6,992

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,572 · end of year $13,401

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

    $1,440,772

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

    $841,235

  • 10c · Land, buildings and equipment, net

    beginning of year $634,475 · end of year $599,537

  • 13 · Investments: program-related

    beginning of year $93,725 · end of year $122,614

  • 14 · Intangible assets

    beginning of year $31,413 · end of year $29,893

  • 15 · Other assets

    beginning of year $10,652 · end of year $12,662

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,958 · end of year $41,649

  • 19 · Deferred revenue

    beginning of year $1,316 · end of year $443

  • 23 · Secured mortgages and notes payable

    beginning of year $1,155,727 · end of year $1,114,724

  • 25 · Other liabilities

    beginning of year $9,131 · end of year $9,658

  • 27 · Net assets without donor restrictions

    beginning of year -$291,908 · end of year -$260,995

Mission and programs · 2022

Mission

TO ADVOCATE AND PROVIDE SAFE, SANITARY, AFFORDABLE HOUSING FOR VERY LOW INCOME ELDERLY PERSONS.

  • PROVIDING ADVOCACY SERVICES AND SAFE, SANITARY, AFFORDABLE HOUSING TO VERY LOW INCOME ELDERLY PERSONS BY OPERATING A 38-UNIT APARTMENT COMMUNITY PURSUANT TO SECTION 8 OF THE NATIONAL HOUSING ACT.

    Expenses $283,613 · Revenue $101,883

As filed on the 2022 return.

Listed in Part VII

  • Otis Weaver

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Johnnie Evans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Annie Ricks

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Dorothy Brunson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Charles Darden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Phyllis Newton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Carolyn Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Shaquanda King

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Barbara Blackston

    EXECUTIVE DIRECTOR

    Total calculated
    $63,833
    From this org
    $0
    From related orgs
    $63,833
    Other
    $0
    Hours/week
    0.5 + 40 related

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
2022
Filed
23 January 2024
IRS schema version
2022v5.0
Source object
202400469349302815

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