Civic Intelligence

Wp Housing Company Inc.

990 • Fiscal year 2015 • EIN 27-3918455

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 16, 2017

223 Dr Martin Luther King Jr BlvdWhite Plains, NY 10601

(914) 949-6462

Siviq Scores

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

Liabilities / Assets

26th percentile

0.14x

Higher debt load relative to assets than 26% of similar nonprofits.

2015 filings • NTEE L • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

16th percentile

0.21x

Higher debt load relative to revenue than 16% of similar nonprofits.

2015 filings • NTEE L • $5M-$10M nonprofits • Source year 2015

Net Margin

93rd percentile

91%

Higher net margin than 93% of similar nonprofits.

2015 filings • NTEE L • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

68th percentile

$167,178

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2015 filings • NTEE L • $5M-$10M nonprofits • Source year 2015

Asset Growth

98th percentile

344%

Faster asset growth than 98% of similar nonprofits.

2015 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

98th percentile

437%

Faster revenue growth than 98% of similar nonprofits.

2015 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$5,285,079

Up $4,094,497 (+344%) from 2014

Net Assets

Up

$4,535,079

Up $3,352,736 (+284%) from 2014

Liabilities

Up

$750,000

Up $741,761 (+9003%) from 2014

Revenue

Up

$3,655,810

Up $2,975,299 (+437%) from 2014

Expenses

Down

$311,876

Down $11,732 (-3.6%) from 2014

Net Income

Up

$3,343,934

Up $2,987,031 (+837%) from 2014

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2012: $230,388Liabilities 2012: $0Net Assets 2012: $230,3882012Assets 2013: $166,618Liabilities 2013: $0Net Assets 2013: $166,6182013Assets 2014: $1,190,582Liabilities 2014: $8,239Net Assets 2014: $1,182,3432014Assets 2015: $5,285,079Liabilities 2015: $750,000Net Assets 2015: $4,535,0792015Assets 2016: $6,499,682Liabilities 2016: $1,457,364Net Assets 2016: $5,042,3182016Assets 2017: $1,490,825Liabilities 2017: $0Net Assets 2017: $1,490,8252017Assets 2018: $1,802,755Liabilities 2018: $0Net Assets 2018: $1,802,7552018Assets 2019: $16,971,446Liabilities 2019: $1,550,957Net Assets 2019: $15,420,4892019Assets 2021: $19,087,671Liabilities 2021: $1,192,044Net Assets 2021: $17,895,6272021Assets 2022: $19,390,059Liabilities 2022: $1,105,150Net Assets 2022: $18,284,9092022Assets 2024: $20,254,470Liabilities 2024: $958,928Net Assets 2024: $19,295,5422024

Highlighted filing

2015

Assets$5,285,079
Liabilities$750,000
Net Assets$4,535,079

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $320,0522012Revenue 2013: $324,374Expenses 2013: $388,144Net Income 2013: -$63,7702013Revenue 2014: $680,511Expenses 2014: $323,608Net Income 2014: $356,9032014Revenue 2015: $3,655,810Expenses 2015: $311,876Net Income 2015: $3,343,9342015Revenue 2016: $1,056,969Expenses 2016: $549,730Net Income 2016: $507,2392016Revenue 2017: $2,357,112Expenses 2017: $1,899,705Net Income 2017: $457,4072017Revenue 2018: $2,627,828Expenses 2018: $2,318,836Net Income 2018: $308,9922018Revenue 2019: $836,523Expenses 2019: $943,692Net Income 2019: -$107,1692019Revenue 2021: $1,277,350Expenses 2021: $297,537Net Income 2021: $979,8132021Revenue 2022: $894,267Expenses 2022: $504,985Net Income 2022: $389,2822022Revenue 2024: $1,005,785Expenses 2024: $337,146Net Income 2024: $668,6392024

Highlighted filing

2015

Revenue$3,655,810
Expenses$311,876
Net Income$3,343,934
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 16, 2017
Return Version
2015v3.0
Gross Receipts
$3,655,810
Mission and Program Overview

Mission

Provide housing to low and moderate income families

Provide housing assistance to low and moderate income families

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$868,808$3,940,238▲ $3,071,430
Cash and Non-Interest-Bearing Accounts$295,181$437,407▲ $142,226
Land, Buildings, and Equipment, Net$5,588$326,958▲ $321,370
Accounts Receivable$21,005$18,076▼ $2,929
Total Assets$1,190,582$5,285,079▲ $4,094,497
Other Assets Total-$562,400-
Liabilities
Deferred Revenue-$750,000-
Accounts Payable and Accrued Expenses$8,239--
Total Liabilities$8,239$750,000▲ $741,761
Net Assets / Fund Balance
Unrestricted Net Assets$1,182,343$4,535,079▲ $3,352,736
Total Net Assets Fund Balance$1,182,343$4,535,079▲ $3,352,736
Total Liabilities and Net Assets / Fund Balance$1,190,582$5,285,079▲ $4,094,497

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$322,277-$322,277
Equipment$1,505$5,245$6,750
Leasehold Improvements$3,176$1,362$4,538
Other Assets Org$562,400--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mack CarterChief Executive Officer--$167,178$167,178
Denise BrooksSecretaryPT$5,630$85,000$90,630
Mack Carter--$12,125-$12,125
Hermon LockhartTreasurerPT$1,250-$1,250
Jeffrey BinderDirector-$1,250-$1,250
Olney ReynoldsDirector-$1,250-$1,250

Board Members and Trustees

NameTitle
Lawrence SalleyPresident
Nicholas WolffVice President
Rosa BooneDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$3,229,325
Program Service Revenue
$426,485
Investment Income
$0
Other Revenue
$0
All Other Contributions
$822,278
Change in Net Assets
$3,343,934
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$252,788
Other Expenses$59,088
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$204,212$0$0$204,212
Fees for Services Accounting$12,090$12,000$0$24,090
Payroll Taxes$18,772$0$0$18,772
Current Officers, Directors, Trustees, and Key Employees$0$16,875$0$16,875
Other Employee Benefits$12,929$0$0$12,929
Information Technology$11,750$0$0$11,750
Occupancy$6,099$0$0$6,099
Office Expenses$5,704$0$0$5,704
Fees for Services Management$0$5,630$0$5,630
Advertising$2,550$0$0$2,550
Conferences and Meetings$2,359$0$0$2,359
Depreciation Depletion$0$906$0$906
Total Functional Expenses$276,465$35,411$0$311,876
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Controlled entityPrepaid rentNo$3,071,182
-Controlling entityGrantNo$2,321,192
-Controlled entityMortgageNo$562,400
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
WP Housing Company Inc
EIN
27-3918455
Phone
9149496462
Address
223 Dr Martin Luther King Jr Blvd, White Plains, NY 10601

Signing Officer

Name
Mack L Carter
Title
CEO
Phone
9149496462
Signed
2017-06-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mack L Carter
Formed
2009
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
3
Employees
5
Volunteers
4

Preparer

Firm
J Jeffrey Barrett Sr CPA
Address
PO BOX 288, CATSKILL, NY 12414-0288
Preparer
J Jeffrey Barrett Sr
Phone
5189431400
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Reveiw with Executive Board

Pt XII, Line 2C

Change from cash to accrual basis, per Form 3115 included.

Pt XI

Grant passthrough used for prepaid rent.

Pt XII, Line 2C

Auditor selected by controlling organization.

Pt VI, Line 12C

Responsibility of Executive Board

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0324374
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0355075
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0369640
IRS990ScheduleA/Total509Grp/TotalAmt05385410
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05385410
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01505
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05245
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06750
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03176
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01362
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04538
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0562400
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Mortgage on Winbrook Phase I
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0322277
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0322277
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0326958
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0562400
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt012125
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0155053
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MACK CARTER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt012125
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0155053
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0White Plains Housing Authority
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1WP Housing Company Housing Development Fund Corporation
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2Winbrook Phase I LP
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Controlling entity
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Controlled entity
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2Controlled entity
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt02321192
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt13071182
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2562400
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Grant
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Prepaid rent
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2Mortgage
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Reveiw with Executive Board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Change from cash to accrual basis, per Form 3115 included.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Grant passthrough used for prepaid rent.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Auditor selected by controlling organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Responsibility of Executive Board
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 2c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XII, Line 2c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0WP Housing Company Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0611719913
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Holding Company
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0WP Housing Company Housing Development Fund Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0223 Rev Dr Martin Luther King Jr Bl
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0White Plains
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd010601
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0WP Housing Company Housing Development Fund Corporation
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt1Winbrook Phase I GP LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt2WP Holding Company Inc
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd1false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd2false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0901007013
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1463291609
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN2463291876
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd1true
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd2false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.50000
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct10.00010
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct20.30000
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0Unrelated
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt1Unrelated
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt2Related
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0Investment Real estate
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt1Rental real estate
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt2Real estate development
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0Winbrook Phase I GP LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt1Winbrook Phase I LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt2Winbrook Phase I Developer LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0551 Fifth Avenue 23rd Floor
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt1551 Fifth Ave 23rd Floor
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt2551 Fifth Avenue 23rd Floor
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0New York
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm1New York
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm2New York
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd2NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd010176
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd110176
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd210176
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0City of White Plains

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