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Nonprofiteer
← WACTOR GARDENS PHASE II INC

Form 990 for tax year 2025

Filed by WACTOR GARDENS PHASE II INC.

Totals

Total revenue
$156,787
Total expenses
$183,315
Contributions and grants received
$115,121
Grants paid
$0
Program service revenue
$40,850
Investment income
$816
Other revenue
$0
Total assets, end of year
$551,095
Total liabilities, end of year
$1,134,503
Net assets or fund balances, end of year
-$583,408
Program services expenses (Part IX)
$174,394
Management and general expenses
$8,921
Fundraising expenses
$0
Program service expenses (Part III)
$174,394

Program services were 95.1% 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)

    $115,121

  • 2a · Program service revenue: TENANT RENTAL PAYMENTS

    total $40,316 · related or exempt $40,316

  • 2b · Program service revenue: TENANT CHARGES

    total $534 · related or exempt $534

  • 3 · Investment income

    total $816 · excluded $816

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $17,325 · program services $17,325

  • 11b · Fees: legal

    total $1,030 · program services $1,030

  • 11c · Fees: accounting

    total $7,270 · management and general $7,270

  • 12 · Advertising and promotion

    total $2,148 · program services $2,148

  • 13 · Office expenses

    total $5,070 · program services $5,070

  • 16 · Occupancy

    total $4,250 · program services $4,250

  • 19 · Conferences, conventions and meetings

    total $443 · program services $443

  • 22 · Depreciation, depletion and amortization

    total $31,344 · program services $31,344

  • 23 · Insurance

    total $17,841 · program services $17,841

  • 24a · Other expenses: CONTRACTS

    total $30,001 · program services $30,001

  • 24b · Other expenses: MANAGER SALARY REIMBURS

    total $22,214 · program services $22,214

  • 24c · Other expenses: PAYROLL REIMBURSEMENT

    total $21,630 · program services $21,630

  • 24d · Other expenses: OFFICE SALARY REIMBURSE

    total $10,647 · program services $10,647

  • 24e · All other expenses

    total $12,102 · program services $10,451 · management and general $1,651

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,275 · end of year $503

  • 2 · Savings and temporary cash investments

    beginning of year $42,569 · end of year $50,515

  • 4 · Accounts receivable

    beginning of year $1,544 · end of year $1,922

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,240 · end of year $2,240

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

    $1,128,266

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

    $636,338

  • 10c · Land, buildings and equipment, net

    beginning of year $523,272 · end of year $491,928

  • 15 · Other assets

    beginning of year $4,694 · end of year $3,987

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,411 · end of year $5,223

  • 19 · Deferred revenue

    beginning of year $122 · end of year $1,047

  • 23 · Secured mortgages and notes payable

    beginning of year $1,117,400 · end of year $1,117,400

  • 24 · Unsecured notes and loans payable

    beginning of year $7,000 · end of year $7,000

  • 25 · Other liabilities

    beginning of year $4,541 · end of year $3,833

  • 27 · Net assets without donor restrictions

    beginning of year -$556,880 · end of year -$583,408

Mission and programs · 2025

Mission

TO PROVIDE HOUSING TO TENANTS WHO HAVE SPECIAL NEEDS.

  • OPERATE A 12-UNIT APARTMENT COMPLEX FOR TENANTS WITH SPECIAL NEEDS IN AHOSKIE, NORTH CAROLINA.

    Expenses $174,394 · Revenue $40,850

As filed on the 2025 return.

Listed in Part VII

  • GARRICK WITHERSPOON

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • ERIC WHITAKER

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • MILDRED RANDOLPH

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JOYCE O'NEAL

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • SOLOMON ORE JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAULA MCCULLOUGH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERNEST REESE JR

    DIRECTOR

    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.

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
2025
Filed
16 April 2026
IRS schema version
2025v4.1
Source object
202601139349300935

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