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Nonprofiteer
← W N C HOUSING INC

Form 990 for tax year 2022

Filed by W N C HOUSING INC.

Totals

Total revenue
$384,993
Total expenses
$441,443
Contributions and grants received
$238,864
Grants paid
$0
Program service revenue
$145,846
Investment income
$283
Other revenue
$0
Total assets, end of year
$1,649,305
Total liabilities, end of year
$1,836,441
Net assets or fund balances, end of year
-$187,136
Program services expenses (Part IX)
$432,876
Management and general expenses
$8,567
Fundraising expenses
$0
Program service expenses (Part III)
$432,876

Program services were 98.1% 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)

    $151,988

  • 1f · All other contributions, gifts and grants

    $86,876

  • 2a · Program service revenue: TENANT RENT PAYMENTS

    total $141,156 · related or exempt $141,156

  • 2b · Program service revenue: DAMAGES AND CLEANING F

    total $3,402 · related or exempt $3,402

  • 2c · Program service revenue: LAUNDRY AND VENDING

    total $1,264 · related or exempt $1,264

  • 2d · Program service revenue: TENANT CHARGES

    total $24 · related or exempt $24

  • 3 · Investment income

    total $283 · excluded $283

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $29,848 · program services $29,848

  • 11b · Fees: legal

    total $567 · management and general $567

  • 11c · Fees: accounting

    total $8,000 · management and general $8,000

  • 13 · Office expenses

    total $8,227 · program services $8,227

  • 16 · Occupancy

    total $55,268 · program services $55,268

  • 20 · Interest

    total $12,856 · program services $12,856

  • 22 · Depreciation, depletion and amortization

    total $77,410 · program services $77,410

  • 23 · Insurance

    total $39,991 · program services $39,991

  • 24a · Other expenses: CONTRACTS

    total $74,907 · program services $74,907

  • 24b · Other expenses: MISCELLANEOUS OPERATING

    total $40,365 · program services $40,365

  • 24c · Other expenses: PAYROLL REIMBURSEMENT

    total $35,043 · program services $35,043

  • 24d · Other expenses: MANAGER SALARIES REIMBU

    total $16,110 · program services $16,110

  • 24e · All other expenses

    total $42,851 · program services $42,851

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,017 · end of year $28,235

  • 2 · Savings and temporary cash investments

    beginning of year $46,531 · end of year $53,505

  • 4 · Accounts receivable

    beginning of year $650 · end of year $2,469

  • 7 · Other notes and loans receivable

    beginning of year $190,512 · end of year $162,468

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,270 · end of year $16,266

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

    $3,013,458

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

    $1,627,096

  • 10c · Land, buildings and equipment, net

    beginning of year $1,463,772 · end of year $1,386,362

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,286 · end of year $19,748

  • 19 · Deferred revenue

    beginning of year $0 · end of year $1,984

  • 23 · Secured mortgages and notes payable

    beginning of year $1,805,493 · end of year $1,779,212

  • 25 · Other liabilities

    beginning of year $18,659 · end of year $35,497

  • 27 · Net assets without donor restrictions

    beginning of year -$130,686 · end of year -$187,136

Mission and programs · 2022

Mission

PROVIDE FACILITIES TO USE FOR MENTAL HEALTH, DEVELOPMENTAL DISABILITIES, AND SUBSTANCE ABUSE SERVICES.

  • PROVIDE FACILITIES TO USE FOR MENTAL HEALTH, DEVELOPMENTAL DISABILITIES, AND SUBSTANCE ABUSE SERVICES

    Expenses $432,876 · Revenue $145,846

As filed on the 2022 return.

Listed in Part VII

  • Lawrence E Thompson III

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Rich Olejniczak

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Greta Byrd

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Bernard Koesters

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Harry Eskritt

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Janet Price Ferrell

    MEMBER

    Total calculated
    $0
    Hours/week
    0

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
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202401359349303595

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