Civic Intelligence

Wlc Housing Inc DBA Bauer House

990 • Fiscal year 2017 • EIN 04-3260692

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 12, 2018

314 Water StreetQuincy, MA 02169-6546

(617) 786-7601

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

41st percentile

0.06x

Higher debt load relative to revenue than 41% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

24th percentile

-6.8%

Higher net margin than 24% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

87th percentile

$173,837

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 15.6% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

33rd percentile

-1.2%

Faster asset growth than 33% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

40th percentile

0.9%

Faster revenue growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$3,823,391

Down $48,217 (-1.2%) from 2016

Net Assets

Down

$3,752,996

Down $76,145 (-2.0%) from 2016

Liabilities

Up

$70,395

Up $27,928 (+66%) from 2016

Revenue

Up

$1,115,669

Up $10,045 (+0.9%) from 2016

Expenses

Up

$1,191,814

Up $54,482 (+4.8%) from 2016

Net Income

Down

-$76,145

Down $44,437 (-140%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $4,331,188Liabilities 2011: $45,271Net Assets 2011: $4,285,9172011Assets 2012: $4,214,100Liabilities 2012: $46,488Net Assets 2012: $4,167,6122012Assets 2013: $4,087,470Liabilities 2013: $58,504Net Assets 2013: $4,028,9662013Assets 2014: $4,000,570Liabilities 2014: $83,366Net Assets 2014: $3,917,2042014Assets 2015: $3,902,324Liabilities 2015: $41,475Net Assets 2015: $3,860,8492015Assets 2016: $3,871,608Liabilities 2016: $42,467Net Assets 2016: $3,829,1412016Assets 2017: $3,823,391Liabilities 2017: $70,395Net Assets 2017: $3,752,9962017Assets 2018: $4,029,176Liabilities 2018: $44,520Net Assets 2018: $3,984,6562018Assets 2019: $4,031,008Liabilities 2019: $49,420Net Assets 2019: $3,981,5882019Assets 2020: $4,063,889Liabilities 2020: $74,514Net Assets 2020: $3,989,3752020Assets 2021: $4,030,738Liabilities 2021: $86,252Net Assets 2021: $3,944,4862021Assets 2022: $3,946,151Liabilities 2022: $101,198Net Assets 2022: $3,844,9532022Assets 2023: $4,187,112Liabilities 2023: $108,467Net Assets 2023: $4,078,6452023Assets 2024: $8,787,731Liabilities 2024: $3,909,059Net Assets 2024: $4,878,6722024

Highlighted filing

2017

Assets$3,823,391
Liabilities$70,395
Net Assets$3,752,996

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $943,665Expenses 2011: $1,082,273Net Income 2011: -$138,6082011Revenue 2012: $944,842Expenses 2012: $1,063,147Net Income 2012: -$118,3052012Revenue 2013: $944,681Expenses 2013: $1,083,327Net Income 2013: -$138,6462013Revenue 2014: $992,617Expenses 2014: $1,104,379Net Income 2014: -$111,7622014Revenue 2015: $1,054,952Expenses 2015: $1,111,307Net Income 2015: -$56,3552015Revenue 2016: $1,105,624Expenses 2016: $1,137,332Net Income 2016: -$31,7082016Revenue 2017: $1,115,669Expenses 2017: $1,191,814Net Income 2017: -$76,1452017Revenue 2018: $1,330,867Expenses 2018: $1,099,207Net Income 2018: $231,6602018Revenue 2019: $1,122,414Expenses 2019: $1,125,482Net Income 2019: -$3,0682019Revenue 2020: $1,144,156Expenses 2020: $1,136,369Net Income 2020: $7,7872020Revenue 2021: $1,166,208Expenses 2021: $1,211,097Net Income 2021: -$44,8892021Revenue 2022: $1,173,716Expenses 2022: $1,273,249Net Income 2022: -$99,5332022Revenue 2023: $1,618,662Expenses 2023: $1,384,970Net Income 2023: $233,6922023Revenue 2024: $2,701,524Expenses 2024: $1,901,497Net Income 2024: $800,0272024

Highlighted filing

2017

Revenue$1,115,669
Expenses$1,191,814
Net Income-$76,145
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 12, 2018
Return Version
2017v2.3
Gross Receipts
$1,115,669
Mission and Program Overview

Mission

Provide quality dignified housing and other services for the low-income elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,403,779$3,333,068▼ $70,711
Cash and Non-Interest-Bearing Accounts$12,967$45,053▲ $32,086
Prepaid Expenses and Deferred Charges$12,276$21,948▲ $9,672
Accounts Receivable$13,911$8,674▼ $5,237
Total Assets$3,871,608$3,823,391▼ $48,217
Other Assets Total$428,675$414,648▼ $14,027
Liabilities
Accounts Payable and Accrued Expenses$23,742$51,457▲ $27,715
Other Liabilities$18,725$18,938▲ $213
Total Liabilities$42,467$70,395▲ $27,928
Net Assets / Fund Balance
Unrestricted Net Assets$3,829,141$3,752,996▼ $76,145
Total Net Assets Fund Balance$3,829,141$3,752,996▼ $76,145
Total Liabilities and Net Assets / Fund Balance$3,871,608$3,823,391▼ $48,217

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,895,864$3,121,363$6,017,227
Land$400,000-$400,000
Equipment$37,204$142,109$179,313
Other Assets Org$18,938--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timothy WismarDirector / PPT$21,000$152,837$173,837
Steve LawDirector--$61,920$61,920
Timothy WismarDirector / President-$21,000$210$21,210
Reverend Richard LawDirector--$10,287$10,287
Reverend Adolph Wismar JrDirector--$9,440$9,440

Board Members and Trustees

NameTitle
Jon SkovDirector
Komborero ShokoDirector
Lola TomDirector
Marcia BaileyDirector
Rev James KimmellDirector
Aaron BurkeDirector / C
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,115,077
Investment Income
$592
Other Revenue
$0
Change in Net Assets
$-76,145

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,115,669
Total Revenue per Audited Statements
$1,115,669
Total Revenue per Form 990
$1,115,669
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$882,293
Salaries, Compensation, and Employee Benefits$309,521
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$58,458$161,378-$219,836
Other Expenses$110,573--$110,573
All Other Expenses$108,370--$108,370
Fees for Services Management-$86,704-$86,704
Other Employee Benefits$13,763$21,472-$35,235
Insurance$27,204--$27,204
Office Expenses-$22,005-$22,005
Current Officers, Directors, Trustees, and Key Employees-$21,000-$21,000
Pension Plan Contributions$4,399$13,437-$17,836
Fees for Services Accounting-$16,375-$16,375
Payroll Taxes$3,790$11,824-$15,614
Information Technology-$8,874-$8,874
Fees for Services Other-$1,239-$1,239
Interest$75--$75
Total Functional Expenses$827,506$364,308$0$1,191,814

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,191,814
Total Expenses per Audited Statements$1,191,814
Total Expenses per Form 990$1,191,814
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit Liability$18,938
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Timothy wismar rev adolph wismar, jr director director father / son rev. Steve law rev richard law director director father / son

Form 990, Page 6, Part VI, Line 3

Certain management responsibilities, including adminstrative and operational oversight, are provided by affiliate wlc management company, inc. Specific services provided are for the social services coordinator. These management services were documented and approved by the oversight agency u.s. Department of housing and urban development.

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by the project site manager, the board president, and the board treasurer before the return is filed. A complete copy of the form 990 is provided to all other members of the board before the form 990 is filed. However, the timing of their review is at their personal discretion which may be before or after the date filed. Questions and comments could be directed to any other members of the board and/or the paid preparer as desired or deemed necessary.

Form 990, Page 6, Part VI, Line 12C

The board of directors annually sign a conflict of interest disclosure which requires the board member to report immediately to the board if a change occurs creating a new or different relationship which involves a conflict of interest with the organization.

Form 990, Page 6, Part VI, Line 15A

The board of directors reviews and approves the budget of the organization annually. This process includes a detail review and approval of all employee salary and benefits - which represent a material portion of the organizational expenses. The budget approval is recorded within the board minutes.

Form 990, Page 6, Part VI, Line 19

Governing documents and policies, form 990, and financial statements are available upon request.

Form 990, Page 7, Part VII

Annual formal budgets including compensation and benefit plans are reviewed and approved by the board of directors for this organization and all the related organizations.

Filing and Contact Details

Filer

Filer Name
Wlc Housing Inc
EIN
04-3260692
Phone
6177867601
Address
314 WATER STREET, QUINCY, MA 02169-6546

Signing Officer

Name
Timothy Wismar
Title
Director / President
Phone
6177867601
Signed
2018-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Wismar
Formed
1995
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
8
Employees
4
Volunteers
4

Preparer

Firm
Cocio & Richardson
Address
21 FRANKLIN ST 16, QUINCY, MA 02169-4951
Preparer
Brent Richardson
Phone
6177735875
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IRS990/OtherExpensesGrp/Desc3REAL ESTATE TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt0174308
IRS990/OtherExpensesGrp/ProgramServicesAmt1168581
IRS990/OtherExpensesGrp/ProgramServicesAmt2157985
IRS990/OtherExpensesGrp/ProgramServicesAmt3110573
IRS990/OtherExpensesGrp/TotalAmt0174308
IRS990/OtherExpensesGrp/TotalAmt1168581
IRS990/OtherExpensesGrp/TotalAmt2157985
IRS990/OtherExpensesGrp/TotalAmt3110573
IRS990/OtherLiabilitiesGrp/BOYAmt018725
IRS990/OtherLiabilitiesGrp/EOYAmt018938
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0161378
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt058458
IRS990/OtherSalariesAndWagesGrp/TotalAmt0219836
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011824
IRS990/PayrollTaxesGrp/ProgramServicesAmt03790
IRS990/PayrollTaxesGrp/TotalAmt015614
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt013437
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04399
IRS990/PensionPlanContributionsGrp/TotalAmt017836
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012276
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021948
IRS990/PrincipalOfficerNm0TIMOTHY WISMAR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0RENT - LOW INC. HOUSING
IRS990/ProgramServiceRevenueGrp/Desc1ANTENNA INCOME
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01028292
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt181985
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt24800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01028292
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt181985
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24800
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0558
IRS990/PYOtherExpensesAmt0828903
IRS990/PYProgramServiceRevenueAmt01105066
IRS990/PYRevenuesLessExpensesAmt0-31708
IRS990/PYSalariesCompEmpBnftPaidAmt0308429
IRS990/PYTotalExpensesAmt01137332
IRS990/PYTotalRevenueAmt01105624
IRS990/ReconcilationRevenueExpnssAmt0-76145
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01115077
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0592
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0558
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0606
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0626
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0611
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02993
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01115077
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01105066
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01054346
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0991991
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0944070
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05210550
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0592
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0558
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0606
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0626
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0611
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02993
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99940
IRS990ScheduleA/PublicSupportPY509Pct00.00990
IRS990ScheduleA/PublicSupportTotal509Amt05210550
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01115077
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01105066
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01054346
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0991991
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0944070
IRS990ScheduleA/Total509Grp/TotalAmt05210550
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01115669
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01105624
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01054952
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0992617
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0944681
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05213543
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02895864
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03121363
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06017227
IRS990ScheduleD/EquipmentGrp/BookValueAmt037204
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0142109
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0179313
IRS990ScheduleD/ExpensesSubtotalAmt01191814
IRS990ScheduleD/LandGrp/BookValueAmt0400000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0400000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0395710
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt118938
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0HUD REQUIRED RESERVES & ESCROWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSIT CASH HELD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018938
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt01115669
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03333068
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0414648
IRS990ScheduleD/TotalExpensesPerForm990Amt01191814
IRS990ScheduleD/TotalLiabilityAmt018938
IRS990ScheduleD/TotalRevenuePerForm990Amt01115669
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01115669
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01191814
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/ClubDuesOrFeesInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt021000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0119147
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt0210
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt033480
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TIMOTHY WISMAR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR / PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt021210
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0152627
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0HEALTH CLUB (YMCA) ANNUAL DUES ARE PAID FOR ALL EMPLOYEES INCLUDING THIS EMPLOYEE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 1A
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TIMOTHY WISMAR REV ADOLPH WISMAR, JR DIRECTOR DIRECTOR FATHER / SON REV. STEVE LAW REV RICHARD LAW DIRECTOR DIRECTOR FATHER / SON
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CERTAIN MANAGEMENT RESPONSIBILITIES, INCLUDING ADMINSTRATIVE AND OPERATIONAL OVERSIGHT, ARE PROVIDED BY AFFILIATE WLC MANAGEMENT COMPANY, INC. SPECIFIC SERVICES PROVIDED ARE FOR THE SOCIAL SERVICES COORDINATOR. THESE MANAGEMENT SERVICES WERE DOCUMENTED AND APPROVED BY THE OVERSIGHT AGENCY U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE PROJECT SITE MANAGER, THE BOARD PRESIDENT, AND THE BOARD TREASURER BEFORE THE RETURN IS FILED. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL OTHER MEMBERS OF THE BOARD BEFORE THE FORM 990 IS FILED. HOWEVER, THE TIMING OF THEIR REVIEW IS AT THEIR PERSONAL DISCRETION WHICH MAY BE BEFORE OR AFTER THE DATE FILED. QUESTIONS AND COMMENTS COULD BE DIRECTED TO ANY OTHER MEMBERS OF THE BOARD AND/OR THE PAID PREPARER AS DESIRED OR DEEMED NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS ANNUALLY SIGN A CONFLICT OF INTEREST DISCLOSURE WHICH REQUIRES THE BOARD MEMBER TO REPORT IMMEDIATELY TO THE BOARD IF A CHANGE OCCURS CREATING A NEW OR DIFFERENT RELATIONSHIP WHICH INVOLVES A CONFLICT OF INTEREST WITH THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE BUDGET OF THE ORGANIZATION ANNUALLY. THIS PROCESS INCLUDES A DETAIL REVIEW AND APPROVAL OF ALL EMPLOYEE SALARY AND BENEFITS - WHICH REPRESENT A MATERIAL PORTION OF THE ORGANIZATIONAL EXPENSES. THE BUDGET APPROVAL IS RECORDED WITHIN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS AND POLICIES, FORM 990, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ANNUAL FORMAL BUDGETS INCLUDING COMPENSATION AND BENEFIT PLANS ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS FOR THIS ORGANIZATION AND ALL THE RELATED ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 7, PART VII
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0WLC MANAGEMENT COMPANY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1WOLLASTON LUTHERAN HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2WOLLASTON LUTHERAN CHURCH APARTMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0043333863
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1061731780

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.79$3.91$4.88$2.70$1.90$0.80
2023Detailed filing. Detailed filing data is available for this year.$4.19$0.11$4.08$1.62$1.38$0.23
2022Detailed filing. Detailed filing data is available for this year.$3.95$0.10$3.84$1.17$1.27$0.10
2021Detailed filing. Detailed filing data is available for this year.$4.03$0.09$3.94$1.17$1.21$0.04
2020Detailed filing. Detailed filing data is available for this year.$4.06$0.07$3.99$1.14$1.14$0.01
2019Detailed filing. Detailed filing data is available for this year.$4.03$0.05$3.98$1.12$1.13$0.00
2018Detailed filing. Detailed filing data is available for this year.$4.03$0.04$3.98$1.33$1.10$0.23
2017Detailed filing. Detailed filing data is available for this year.$3.82$0.07$3.75$1.12$1.19$0.08
2016Detailed filing. Detailed filing data is available for this year.$3.87$0.04$3.83$1.11$1.14$0.03
2015Detailed filing. Detailed filing data is available for this year.$3.90$0.04$3.86$1.05$1.11$0.06
2014Detailed filing. Detailed filing data is available for this year.$4.00$0.08$3.92$0.99$1.10$0.11
2013Detailed filing. Detailed filing data is available for this year.$4.09$0.06$4.03$0.94$1.08$0.14
2012Summary only. Only limited summary data is available for this year.$4.21$0.05$4.17$0.94$1.06$0.12
2011Summary only. Only limited summary data is available for this year.$4.33$0.05$4.29$0.94$1.08$0.14