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Nonprofiteer
← WOODLANDS DEVELOPMENT GROUP INC

Form 990 for tax year 2024

Filed by WOODLANDS DEVELOPMENT GROUP INC.

Totals

Total revenue
$2,321,944
Total expenses
$1,805,378
Contributions and grants received
$361,503
Grants paid
$0
Program service revenue
$1,955,854
Investment income
$4,587
Other revenue
$0
Total assets, end of year
$23,061,495
Total liabilities, end of year
$16,066,242
Net assets or fund balances, end of year
$6,995,253
Program services expenses (Part IX)
$1,489,897
Management and general expenses
$315,481
Fundraising expenses
$0
Program service expenses (Part III)
$1,489,897

Program services were 82.5% 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)

    $337,396

  • 1f · All other contributions, gifts and grants

    $24,107

  • 2a · Program service revenue: Rental Housing Income

    total $558,330 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Development & Construct

    total $6,059,224 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Cost of Construction

    total -$5,374,858 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Contracted Services

    total $163,670 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: Development Fee

    total $273,814 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $275,674 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $4,587 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $670,559 · program services $409,041 · management and general $261,518 · fundraising $0

  • 12 · Advertising and promotion

    total $1,150 · program services $1,150 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $27,033 · program services $16,490 · management and general $10,543 · fundraising $0

  • 16 · Occupancy

    total $12,410 · program services $6,701 · management and general $5,709 · fundraising $0

  • 17 · Travel

    total $12,595 · program services $7,683 · management and general $4,912 · fundraising $0

  • 20 · Interest

    total $121,865 · program services $98,715 · management and general $23,150 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $398,210 · program services $398,210 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $56,750 · program services $47,906 · management and general $8,844 · fundraising $0

  • 24a · Other expenses: Contracted Services

    total $112,375 · program services $112,375 · management and general $0 · fundraising $0

  • 24b · Other expenses: Grant Expenses

    total $58,000 · program services $58,000 · management and general $0 · fundraising $0

  • 24c · Other expenses: Maintenance

    total $94,961 · program services $94,961 · management and general $0 · fundraising $0

  • 24d · Other expenses: Utilities

    total $116,224 · program services $116,224 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $123,246 · program services $122,441 · management and general $805 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $454,296 · end of year $877,365

  • 4 · Accounts receivable

    beginning of year $707,659 · end of year $1,147,257

  • 7 · Other notes and loans receivable

    beginning of year $9,219,326 · end of year $10,949,130

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

    $12,037,996

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

    $2,263,372

  • 10c · Land, buildings and equipment, net

    beginning of year $9,060,827 · end of year $9,774,624

  • 12 · Investments: other securities

    beginning of year $175,274 · end of year $175,274

  • 15 · Other assets

    beginning of year $74,575 · end of year $137,845

  • 17 · Accounts payable and accrued expenses

    beginning of year $891,139 · end of year $1,323,373

  • 19 · Deferred revenue

    end of year $313,725

  • 23 · Secured mortgages and notes payable

    beginning of year $12,283,865 · end of year $14,365,236

  • 25 · Other liabilities

    beginning of year $38,266 · end of year $63,908

  • 27 · Net assets without donor restrictions

    beginning of year $6,478,687 · end of year $6,995,253

Mission and programs · 2024

Mission

Woodlands Development Group helps build healthy, viable communities in the region by developing sustainable, affordable housing and supporting economic initiatives.

  • In 2023, Woodlands completed construction on a 56-room hotel development project in downtown Elkins to the point of receiving a certificate of occupancy. We initiated a 20-unit Low Income Housing Tax Credit and Historic Rehab project in Rupert in Greenbrier County. A vacant and dilapidated house was demolished and we began construction on a new single family home, and we started constructing a 2-unit 3-bedroom apartment project. Both of these are infill projects on properties located in central Elkins neighborhoods, designed as owner-occupied or rental workforce housing.

    Expenses $1,489,897 · Revenue $1,955,854

As filed on the 2024 return.

Listed in Part VII

  • Adam Williams

    President

    Total calculated
    $0
    Hours/week
    1

  • Andrew Carroll

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Timothy Huguenin

    Secretary & Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Amber Vineyard

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sam McWhorter

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sarah Heuer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Libbey Holewski

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dave Clark

    Executive Director

    Total calculated
    $73,957
    From this org
    $73,957
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Related partnerships

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

  • Firefly Commons LP

    Real Estate · WV · 0% owned

  • Golden Rule LP

    Real Estate · WV · 0% owned

  • Tygart Hotel LLC

    Real Estate · WV · 0% owned

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Firefly Commons Management LLC

    C · Real Estate · WV · 0% owned

  • Tygart Hotel Managing Members LLC

    C · Real Estate · WV · 0% owned

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202523219349319637

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