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Nonprofiteer
← WESTERN COMMUNITY HOUSING INC

Form 990 for tax year 2022

Filed by WESTERN COMMUNITY HOUSING INC.

Totals

Total revenue
$9,987,576
Total expenses
$6,112,170
Contributions and grants received
$1,877,948
Grants paid
$12,000
Program service revenue
$7,501,719
Investment income
$607,909
Other revenue
$0
Total assets, end of year
$116,799,191
Total liabilities, end of year
$78,972,980
Net assets or fund balances, end of year
$37,826,211
Program services expenses (Part IX)
$5,789,067
Management and general expenses
$323,103
Fundraising expenses
$0
Program service expenses (Part III)
$5,789,067

Program services were 94.7% 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)

    $1,877,948

  • 2a · Program service revenue: DEVELOPMENT FEES

    total $1,821,680 · related or exempt $1,821,680

  • 2b · Program service revenue: MANAGEMENT FEES

    total $1,236,325 · related or exempt $1,236,325

  • 2c · Program service revenue: MISCELLANEOUS INCOME

    total $127,883 · related or exempt $127,883

  • 2d · Program service revenue: RENTAL INCOME

    total $2,682,926 · related or exempt $2,682,926

  • 2e · Program service revenue: SOCIAL SRVCS INCOME

    total $1,632,905 · related or exempt $1,632,905

  • 3 · Investment income

    total $609,764 · excluded $609,764

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    other assets $29,354

  • 7b · Less cost or other basis and sales expenses

    other assets $31,209

  • 7c · Gain or loss

    other assets -$1,855

  • 7d · Net gain or loss

    total -$1,855 · excluded -$1,855

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,000 · program services $12,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,499,095 · program services $1,424,140 · management and general $74,955

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $457,736 · program services $434,849 · management and general $22,887

  • 8 · Pension plan contributions

    total $27,071 · program services $25,717 · management and general $1,354

  • 9 · Other employee benefits

    total $104,356 · program services $99,138 · management and general $5,218

  • 10 · Payroll taxes

    total $146,934 · program services $139,587 · management and general $7,347

  • 11a · Fees: management

    total $136,755 · program services $129,917 · management and general $6,838

  • 11b · Fees: legal

    total $15,133 · program services $14,376 · management and general $757

  • 11c · Fees: accounting

    total $59,993 · management and general $59,993

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $52,997 · program services $50,347 · management and general $2,650

  • 12 · Advertising and promotion

    total $7,653 · program services $7,270 · management and general $383

  • 13 · Office expenses

    total $82,343 · program services $78,491 · management and general $3,852

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $566,928 · program services $538,582 · management and general $28,346

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $371,133 · program services $352,576 · management and general $18,557

  • 23 · Insurance

    total $116,779 · program services $110,940 · management and general $5,839

  • 24a · Other expenses: SOCIAL SERVICE EXPENSE

    total $1,538,820 · program services $1,538,820

  • 24b · Other expenses: REPAIR & MAINT

    total $469,448 · program services $445,976 · management and general $23,472

  • 24c · Other expenses: UTILITIES

    total $140,123 · program services $133,117 · management and general $7,006

  • 24d · Other expenses: ADMINISTRATIVE EXPENSES

    total $91,685 · program services $87,101 · management and general $4,584

  • 24e · All other expenses

    total $215,188 · program services $166,123 · management and general $49,065

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,442,222 · end of year $4,177,452

  • 2 · Savings and temporary cash investments

    beginning of year $1,798,851 · end of year $1,400,529

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $15,107,405 · end of year $19,274,428

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $2,785,884 · end of year $7,753,676

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $108,791 · end of year $116,713

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

    $16,813,184

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

    $1,335,820

  • 10c · Land, buildings and equipment, net

    beginning of year $15,691,788 · end of year $15,477,364

  • 11 · Investments: publicly traded securities

    beginning of year $924,209 · end of year $890,028

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $60,030,976 · end of year $67,588,533

  • 14 · Intangible assets

    beginning of year $188,844 · end of year $120,468

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $371,061 · end of year $530,734

  • 23 · Secured mortgages and notes payable

    beginning of year $13,082,258 · end of year $12,654,011

  • 25 · Other liabilities

    beginning of year $57,409,184 · end of year $65,788,235

  • 27 · Net assets without donor restrictions

    beginning of year $35,216,467 · end of year $37,826,211

Mission and programs · 2022

Mission

WCH is dedicated to building, purchasing and operating affordable housing communities and providing life enhancing services to low and moderate income households and thereby lessens the burdens of government. The low income population of our affordable communities includes families, seniors, and special needs households. Our activities are primarily in California.

Activities or mission (Part I)

Western Community Housing is dedicated to building, purchasing and operating affordable housing communities and providing life enhancing services to low and moderate income households and thereby lessens the burdens of government. - See Schedule O for more detail.

  • Provision of Affordable Housing to Low-Income Households:As of January 1, 2022 WCH was the managing general partner of 106 low income housing tax credit partnerships ("Partnerships"). These 106 Partnerships owned 104 affordable housing communities in California and two in Arizona that collectively owned approximately 7,930 affordable units. During 2022 WCH became the managing general partner of 3 new Partnerships adding 371 more affordable communities in California.As a result of these accomplishments, WCH was the managing general partner of 108 Partnerships by December 31, 2022. These 108 affordable communities in California owned approximately 8,301 affordable units.Of the 108 affordable communities owned by the Partnerships at December 31, 2022, 4,297 were affordable family communities, 2,689 were affordable senior communities, and 1,315 were special needs communities, all with rents limited to low-income households.In the Provision of Affordable Housing, WCH recorded $1,821,680 in Development fees for the development of the affordable communities and recorded $1,236,325 in management fees for managing the affordable communities in 2022. WCH ALSO RECORDED RENTAL INCOME OF $2,682,926 AND OTHER INCOME OF $127,883 FROM ITS INVESTMENTS IN THESE LOW-INCOME HOUSING PARTNERSHIPS, FOR TOTAL PROGRAM SERVICE REVENUE OF $5,868,814.

    Expenses $4,250,247 · Grants $12,000 · Revenue $5,868,814

  • Provision of Social Services to Residents Residing in Affordable Communities:As of January 1, 2022 WCH was providing social services to residents at 64 affordable family and senior communities. By December 31, 2022 WCH was providing social services residents at 67 affordable family and senior communities in California, an increase of three. Services include Afterschool programs for children, food distribution , case management, creativity programs, career counseling, adult education classes, exercise classes, and community building activities. In the provision of these services, WCH recorded Social Service Income of $1,632,905 in 2022.

    Expenses $1,538,820 · Revenue $1,632,905

As filed on the 2022 return.

Listed in Part VII

  • GRAHAM ESPLEY JONES

    Pres. /DIRECTOR

    Total calculated
    $547,931
    From this org
    $455,069
    From related orgs
    $0
    Other
    $92,862
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $369,287
    Bonus
    $85,782
    Other
    not reported
    Deferred
    $23,800
    Nontaxable benefits
    $69,062
    Filer's total
    $547,931

  • LEANNE TRUOFREH

    SR VP/SECRETARY

    Total calculated
    $209,603
    From this org
    $172,745
    From related orgs
    $0
    Other
    $36,858
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,796
    Bonus
    $33,949
    Other
    not reported
    Deferred
    $13,065
    Nontaxable benefits
    $23,793
    Filer's total
    $209,603

  • JAYMIE PIGUING

    VP/CONTROLLER

    Total calculated
    $183,537
    From this org
    $150,252
    From related orgs
    $0
    Other
    $33,285
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,114
    Bonus
    $25,138
    Other
    not reported
    Deferred
    $7,654
    Nontaxable benefits
    $25,631
    Filer's total
    $183,537

  • MARTHA CISNEROS

    VP/REAL ESTATE

    Total calculated
    $180,079
    From this org
    $144,762
    From related orgs
    $0
    Other
    $35,317
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,762
    Bonus
    $15,000
    Other
    not reported
    Deferred
    $7,727
    Nontaxable benefits
    $27,590
    Filer's total
    $180,079

  • SCOTT GAYNER

    VP/PORTF MGMT

    Total calculated
    $137,624
    From this org
    $124,323
    From related orgs
    $0
    Other
    $13,301
    Hours/week
    40

  • CHARLES LATHAM BARKER

    VP/OPERATIONS

    Total calculated
    $127,711
    From this org
    $120,111
    From related orgs
    $0
    Other
    $7,600
    Hours/week
    40

  • SANDRA GIBBONS

    EXEC VP/CFO

    Total calculated
    $112,610
    From this org
    $83,468
    From related orgs
    $0
    Other
    $29,142
    Hours/week
    40

  • JEFFREY MEYERS

    Director

    Total calculated
    $0
    Hours/week
    1

  • WING LAM

    Director

    Total calculated
    $0
    Hours/week
    1

  • KATHLEEN CALVERT

    Director

    Total calculated
    $0
    Hours/week
    1

  • JOE BRIGANTI

    Director

    Total calculated
    $0
    Hours/week
    1

  • TOM DALLAPE

    Director

    Total calculated
    $0
    Hours/week
    1

  • MARK STRUTNER

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a: Relevant information in regards to selections on 1a.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants 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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303189349317915

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