Form 990 for tax year 2023
Filed by WASHINGTON HOUSING CONSERVANCY INC.
Totals
- Total revenue
- $30,849,054
- Total expenses
- $42,972,737
- Contributions and grants received
- $2,442,394
- Grants paid
- $0
- Program service revenue
- $28,217,709
- Investment income
- $188,951
- Other revenue
- $0
- Total assets, end of year
- $474,630,313
- Total liabilities, end of year
- $493,924,355
- Net assets or fund balances, end of year
- -$19,294,042
- Program services expenses (Part IX)
- $41,657,520
- Management and general expenses
- $745,782
- Fundraising expenses
- $569,435
- Program service expenses (Part III)
- $41,657,520
Program services were 96.9% 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
$2,442,394
-
2a · Program service revenue: RENTAL REVENUE
total $28,217,709 · related or exempt $28,217,709
-
3 · Investment income
total $188,951 · excluded $188,951
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $867,697 · program services $355,756 · management and general $225,601 · fundraising $286,340
-
8 · Pension plan contributions
total $40,021 · program services $16,409 · management and general $10,405 · fundraising $13,207
-
9 · Other employee benefits
total $70,673 · program services $28,976 · management and general $18,375 · fundraising $23,322
-
10 · Payroll taxes
total $58,361 · program services $23,928 · management and general $15,174 · fundraising $19,259
-
11c · Fees: accounting
total $148,575 · management and general $148,575
-
11g · Fees: other
total $115,333 · program services $68,723 · management and general $20,540 · fundraising $26,070
-
13 · Office expenses
total $37,970 · program services $15,567 · management and general $9,873 · fundraising $12,530
-
14 · Information technology
total $6,939 · program services $2,845 · management and general $1,804 · fundraising $2,290
-
16 · Occupancy
total $36,000 · program services $14,760 · management and general $9,360 · fundraising $11,880
-
20 · Interest
total $220,291 · program services $220,291
-
22 · Depreciation, depletion and amortization
total $1,263 · program services $518 · management and general $328 · fundraising $417
-
23 · Insurance
total $69,812 · management and general $69,812
-
24a · Other expenses: RENTAL EXPENSES
total $40,686,022 · program services $40,686,022
-
24b · Other expenses: OPERATING AND MAINTENAN
total $535,030 · program services $223,725 · management and general $137,185 · fundraising $174,120
-
24c · Other expenses: STRATEGIC SUPPORT
total $78,750 · management and general $78,750
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $18,453,859 · end of year $11,624,193
-
2 · Savings and temporary cash investments
end of year $7,203,115
-
3 · Pledges and grants receivable
beginning of year $1,392,084 · end of year $1,101,579
-
4 · Accounts receivable
beginning of year $333,412 · end of year $327,799
-
9 · Prepaid expenses and deferred charges
beginning of year $95,238 · end of year $153,034
-
10a · Land, buildings and equipment: cost or other basis
$483,187,603
-
10b · Land, buildings and equipment: accumulated depreciation
$29,993,220
-
10c · Land, buildings and equipment, net
beginning of year $461,267,139 · end of year $453,194,383
-
13 · Investments: program-related
beginning of year $1,283,975 · end of year $104,609
-
14 · Intangible assets
beginning of year $5,525 · end of year $3,366
-
15 · Other assets
beginning of year $163,448 · end of year $918,235
-
17 · Accounts payable and accrued expenses
beginning of year $2,350,837 · end of year $4,704,833
-
19 · Deferred revenue
beginning of year $56,266 · end of year $37,353
-
23 · Secured mortgages and notes payable
beginning of year $446,504,637 · end of year $447,804,872
-
25 · Other liabilities
beginning of year $41,253,299 · end of year $41,377,297
-
27 · Net assets without donor restrictions
beginning of year -$7,170,359 · end of year -$19,294,042
Mission and programs · 2023
Mission
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 $971,498
-
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 $40,686,022 · Revenue $28,101,322
As filed on the 2023 return.
Listed in Part VII
-
David RoodbergDAVID ROODBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
Joshua BernsteinJOSHUA BERNSTEIN
TREASURER
- Total calculated
- $0
- Hours/week
- 6
-
Deborah Ratner SalzbergDEBORAH RATNER SALZBERG
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Charlene Drew JarvisCHARLENE DREW JARVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cary HatchCARY HATCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carol Thompson ColeCAROL THOMPSON COLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Rob StewartROB STEWART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark JosephMARK JOSEPH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 6
-
Aakash ThakkerAAKASH THAKKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin ClintonKEVIN CLINTON
CHAIR
- Total calculated
- $0
- Hours/week
- 6
-
Maria GomezMARIA GOMEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David MartinDAVID MARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Eshauna SmithESHAUNA SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kimberly DrigginsKIMBERLY 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.
-
ACQUIRE, OPERATE, AND MAINTAIN LAND · VA
Directly controlled by WASHINGTON HOUSING CONSERVANCY INC
-
WHC HUNTWOOD LLC
ACQUIRE, OPERATE, AND MAINTAIN LAND · DC
Directly controlled by WASHINGTON HOUSING CONSERVANCY INC
-
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 -$623,326 · share of assets $70,060 · general or managing partner
-
EARLE MANOR MEZZANINE PARTNERS LLC
RENTAL · RENTAL REAL ESTATE · MD · share of income -$417,036 · share of assets $34,299 · general or managing partner
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433209349301833
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