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Nonprofiteer
← WESTMINSTER WOODS INC

Form 990 for tax year 2024

Filed by WESTMINSTER WOODS INC.

Totals

Total revenue
$240,694
Total expenses
$198,587
Contributions and grants received
$181,919
Grants paid
$0
Program service revenue
$56,841
Investment income
$0
Other revenue
$1,934
Total assets, end of year
$654,220
Total liabilities, end of year
$1,134,637
Net assets or fund balances, end of year
-$480,417
Program services expenses (Part IX)
$172,899
Management and general expenses
$25,688
Fundraising expenses
$0
Program service expenses (Part III)
$172,899

Program services were 87.1% 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)

    $181,919

  • 2a · Program service revenue: RENTS - NET

    total $56,841 · related or exempt $56,841

  • 11a · Other revenue: DAMAGE & CLEANING

    total $1,722 · related or exempt $1,722

  • 11b · Other revenue: LAUNDRY & VENDING

    total $212 · related or exempt $212

  • 11e · Other revenue, total

    $1,934

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $11,181 · management and general $11,181

  • 11c · Fees: accounting

    total $14,507 · management and general $14,507

  • 11g · Fees: other

    total $25,944 · program services $25,944

  • 12 · Advertising and promotion

    total $309 · program services $309

  • 13 · Office expenses

    total $10,944 · program services $10,944

  • 16 · Occupancy

    total $33,734 · program services $33,734

  • 17 · Travel

    total $406 · program services $406

  • 19 · Conferences, conventions and meetings

    total $4,602 · program services $4,602

  • 22 · Depreciation, depletion and amortization

    total $31,590 · program services $31,590

  • 24a · Other expenses: CONTRACT SERVICES

    total $64,982 · program services $64,982

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $388 · program services $388

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,958 · end of year $9,400

  • 2 · Savings and temporary cash investments

    beginning of year $120,439 · end of year $167,857

  • 4 · Accounts receivable

    beginning of year $490 · end of year $14,702

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,488 · end of year $186

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

    $1,170,197

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

    $717,999

  • 10c · Land, buildings and equipment, net

    beginning of year $442,533 · end of year $452,198

  • 15 · Other assets

    beginning of year $9,156 · end of year $9,877

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,062 · end of year $36,220

  • 19 · Deferred revenue

    beginning of year $20 · end of year $2

  • 23 · Secured mortgages and notes payable

    beginning of year $1,091,700 · end of year $1,091,700

  • 25 · Other liabilities

    beginning of year $6,806 · end of year $6,715

  • 27 · Net assets without donor restrictions

    beginning of year -$522,524 · end of year -$480,417

Mission and programs · 2024

Mission

IT IS THE MISSION OF WESTMINSTER WOODS, INC. TO PROVIDE ELDERLY PERSONS AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, MENTAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS ALL ON A NON-PROFIT BASIS.

  • THE SOLE PURPOSE IS TO PROVIDE SUBSIDIZED LOW AND MODERATE-INCOME APARTMENT RENTAL HOUSING FOR PRIMARILY ELDERLY PERSONS THROUGH THE U.S. DEPARTMENT OF HUD SECTIONS 202 AND 8 PROGRAMS.

    Expenses $172,899 · Revenue $58,775

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mary Boulware

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Marsha Hunt

    BOARD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Joan Hortman

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Bennie King

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Aquinas White

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Shirley Killingsworth

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Janola Walker Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lynn Alexander

    BOARD MEMBER

    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
2024
Filed
15 July 2026
IRS schema version
2024v5.5
Source object
202631969349300143

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