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Nonprofiteer
← WILLOWVIEW INC

Form 990 for tax year 2023

Filed by WILLOWVIEW INC.

Totals

Total revenue
$76,927
Total expenses
$143,315
Contributions and grants received
$22,904
Grants paid
$0
Program service revenue
$52,998
Investment income
$17
Other revenue
$1,008
Total assets, end of year
$592,446
Total liabilities, end of year
$67,603
Net assets or fund balances, end of year
$524,843
Program services expenses (Part IX)
$97,846
Management and general expenses
$45,469
Fundraising expenses
$0
Program service expenses (Part III)
$97,846

Program services were 68.3% 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)

    $22,904

  • 2a · Program service revenue: RENTAL INCOME

    total $52,998 · related or exempt $52,998

  • 3 · Investment income

    total $17 · excluded $17

  • 11a · Other revenue: LAUNDRY & VENDING REVE

    total $1,008 · excluded $1,008

  • 11e · Other revenue, total

    $1,008

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $18,107 · program services $1,650 · management and general $16,457

  • 10 · Payroll taxes

    total $1,669 · program services $1,669

  • 11a · Fees: management

    total $7,497 · management and general $7,497

  • 11b · Fees: legal

    total $4 · management and general $4

  • 11c · Fees: accounting

    total $4,750 · management and general $4,750

  • 13 · Office expenses

    total $8,092 · management and general $8,092

  • 16 · Occupancy

    total $67,835 · program services $59,395 · management and general $8,440

  • 19 · Conferences, conventions and meetings

    total $229 · management and general $229

  • 22 · Depreciation, depletion and amortization

    total $21,176 · program services $21,176

  • 23 · Insurance

    total $6,958 · program services $6,958

  • 24a · Other expenses: MISC FINANCIAL EXPENSE

    total $6,998 · program services $6,998

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,053 · end of year $326

  • 2 · Savings and temporary cash investments

    beginning of year $100,845 · end of year $99,866

  • 4 · Accounts receivable

    beginning of year $1,442 · end of year $1,746

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

    $949,575

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

    $462,827

  • 10c · Land, buildings and equipment, net

    beginning of year $507,924 · end of year $486,748

  • 15 · Other assets

    beginning of year $4,348 · end of year $3,760

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,507 · end of year $63,924

  • 19 · Deferred revenue

    beginning of year $10 · end of year $10

  • 25 · Other liabilities

    beginning of year $3,864 · end of year $3,669

  • 27 · Net assets without donor restrictions

    beginning of year $591,231 · end of year $524,843

Mission and programs · 2023

Mission

WILLOWVIEW, INC. WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 15 UNIT APARTMENT COMMUNITY IN MADISON, INDIANA, KNOWN AS WILLOWVIEW APARTMENTS, PURSUANT TO SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD.

  • WILLOWVIEW, INC. WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 15 UNIT APARTMENT COMMUNITY IN MADISON, INDIANA, KNOWN AS WILLOWVIEW APARTMENTS, PURSUANT TO SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. ITS PURPOSE IS TO PROMOTE THE WELFARE OF HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES.

    Expenses $97,846 · Revenue $52,998

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • GEOFF MCKIM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • STEPHANIE LAFONTAINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • STEPHANIE ESTELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • BRIT VINCENT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JAME FRIES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DAN MCNEELY

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • SHANNON LACOURSIERE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • SUZANNE KOESEL

    SECRETARY/TREAS

    Total calculated
    $0
    Hours/week
    0.5

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
2023
Filed
23 April 2025
IRS schema version
2023v6.0
Source object
202531159349302258

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