Civic Intelligence

Wp Housing Company Inc.

990 • Fiscal year 2016 • EIN 27-3918455

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 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

29th percentile

0.22x

Higher debt load relative to assets than 29% of similar nonprofits.

2016 filings • NTEE L • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

39th percentile

1.38x

Higher debt load relative to revenue than 39% of similar nonprofits.

2016 filings • NTEE L • $5M-$10M nonprofits • Source year 2016

Net Margin

88th percentile

48%

Higher net margin than 88% of similar nonprofits.

2016 filings • NTEE L • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

69th percentile

$184,625

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 17.5% of source-year revenue.

2016 filings • NTEE L • $5M-$10M nonprofits • Source year 2016

Asset Growth

91st percentile

23%

Faster asset growth than 91% of similar nonprofits.

2016 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-71%

Faster revenue growth than 2% of similar nonprofits.

2016 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$6,499,682

Up $1,214,603 (+23%) from 2015

Net Assets

Up

$5,042,318

Up $507,239 (+11%) from 2015

Liabilities

Up

$1,457,364

Up $707,364 (+94%) from 2015

Revenue

Down

$1,056,969

Down $2,598,841 (-71%) from 2015

Expenses

Up

$549,730

Up $237,854 (+76%) from 2015

Net Income

Down

$507,239

Down $2,836,695 (-85%) from 2015

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

2016

Assets$6,499,682
Liabilities$1,457,364
Net Assets$5,042,318

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

2016

Revenue$1,056,969
Expenses$549,730
Net Income$507,239
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$1,083,636
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$3,940,238--
Cash and Non-Interest-Bearing Accounts$437,407$949,444▲ $512,037
Accounts Receivable$18,076$217,717▲ $199,641
Pledges and Grants Receivable-$62,400-
Investments Program Related-$55,000-
Land, Buildings, and Equipment, Net$326,958$3,778▼ $323,180
Total Assets$5,285,079$6,499,682▲ $1,214,603
Other Assets Total$562,400$5,211,343▲ $4,648,943
Liabilities
Other Liabilities-$1,366,303-
Deferred Revenue$750,000$91,061▼ $658,939
Total Liabilities$750,000$1,457,364▲ $707,364
Net Assets / Fund Balance
Unrestricted Net Assets$4,535,079$5,042,318▲ $507,239
Total Net Assets Fund Balance$4,535,079$5,042,318▲ $507,239
Total Liabilities and Net Assets / Fund Balance$5,285,079$6,499,682▲ $1,214,603

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$904$5,846$6,750
Leasehold Improvements$2,874$1,664$4,538
Other Assets Org$157,573--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mack CarterChief Executive Officer-$59,625$125,000$184,625
Mack Carter--$59,625-$59,625
Olney ReynoldsDirector--$2,876$2,876
Hermon LockhartTreasurerPT-$1,250$1,250
Jeffrey BinderDirector--$1,250$1,250

Board Members and Trustees

NameTitle
Lawrence SalleyPresident
Nicholas WolffVice President
Herman KeithDirector
Rosa BooneDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$143,065
Program Service Revenue
$764,756
Investment Income
$80,852
Other Revenue
$68,296
Change in Net Assets
$507,239
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$280,278
Salaries, Compensation, and Employee Benefits$268,764
Grants and Similar Amounts Paid$688
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$190,478$0$0$190,478
Occupancy$133,305$5,892$0$139,197
Current Officers, Directors, Trustees, and Key Employees$0$59,625$0$59,625
Fees for Services Management$57,025$0$0$57,025
Interest$25,660$0$0$25,660
Fees for Services Accounting$180$19,874$0$20,054
Payroll Taxes$18,661$0$0$18,661
Information Technology$17,167$0$0$17,167
Insurance$9,626$0$0$9,626
Travel$0$6,214$0$6,214
Office Expenses$2,431$0$0$2,431
Conferences and Meetings$1,500$0$0$1,500
Depreciation Depletion$0$904$0$904
Grants to Domestic Individuals$688--$688
Advertising$500$0$0$500
Total Functional Expenses$457,221$92,509$0$549,730
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 entityMortgageYes$562,400
-Controlled entityLeaseYes$133,305
-Controlling entityGrantNo$55,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sublease liability$1,366,303
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mack L Carter
Formed
2009
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
4
Employees
4
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

Auditor selected by controlling organization.

Pt VI, Line 12C

Responsibility of Executive Board

Pt III, Line 2

Lease and sublease of community use facilities.

Pt VI, Line 19

Upon written request

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0422173
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0324374
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0355075
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02292863
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt080852
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt080852
IRS990ScheduleA/InvestmentIncomeCYPct00.01350
IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/PublicSupportCY170Pct00
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IRS990ScheduleA/PublicSupportTotal509Amt05923591
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0907821
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03655810
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0680511
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0324374
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0355075
IRS990ScheduleA/Total509Grp/TotalAmt05923591
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06004443
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0904
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05846
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06750
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02874
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01664
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04538
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0562400
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13564
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt24437546
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt350260
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4157573
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Mortgage on Winbrook Phase I
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Lakeview A.H - Holding Acct
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Right-of-Use Asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Deferred Developer fee
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Development costs
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01366303
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Sublease liability
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03778
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05211343
IRS990ScheduleD/TotalLiabilityAmt01366303
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt059625
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0125000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MACK CARTER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt059625
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0125000
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0White Plains Housing Authority
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1Winbrook Phase I LP
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/SharingOfRevenuesInd1true
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2true
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt055000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1562400
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2133305
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Grant
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Mortgage
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2Lease
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Reveiw with Executive Board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Auditor selected by controlling organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Responsibility of Executive Board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Lease and sublease of community use facilities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Upon written request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 2c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt III, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd1true
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0WP Housing Company Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1WP Housing Company Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0611719913
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1352524825
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct11.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Holding Company
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1Partnership Manager
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0WP Housing Company Housing Development Fund Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1WP Lakeview LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt055002
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt02
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0223 Rev Dr Martin Luther King Jr Bl
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt1223 Rev Dr Martin Luther King Jr Bl
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0White Plains
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1White Plains
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd010601
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd110601
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0WP Housing Company Housing Development Fund Corporation
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt1Winbrook Phase I GP LLC

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